Can I retire at age 57 with 782,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$64,577$64,002$63,440$62,893$62,358$60,169
2 years$31,969$31,373$30,796$30,237$29,694$27,512
3 years$21,101$20,503$19,927$19,373$18,839$16,732
4 years$15,668$15,072$14,502$13,957$13,436$11,421
5 years$12,409$11,816$11,254$10,720$10,214$8,295
6 years$10,237$9,649$9,095$8,573$8,082$6,261
7 years$8,686$8,103$7,558$7,049$6,573$4,850
8 years$7,524$6,946$6,410$5,913$5,453$3,826
9 years$6,620$6,048$5,521$5,036$4,592$3,059
10 years$5,898$5,331$4,813$4,341$3,913$2,471
11 years$5,307$4,746$4,237$3,778$3,365$2,012
12 years$4,815$4,259$3,761$3,314$2,916$1,649
13 years$4,399$3,849$3,360$2,926$2,543$1,358
14 years$4,043$3,499$3,019$2,597$2,229$1,123
15 years$3,734$3,196$2,726$2,316$1,963$931
16 years$3,465$2,933$2,471$2,074$1,735$774
17 years$3,227$2,701$2,249$1,863$1,538$645
18 years$3,016$2,496$2,053$1,679$1,368$539
19 years$2,827$2,313$1,879$1,517$1,219$451
20 years$2,658$2,149$1,725$1,374$1,089$377
21 years$2,505$2,002$1,586$1,247$974$316
22 years$2,366$1,869$1,462$1,134$873$265
23 years$2,239$1,748$1,350$1,033$784$223
24 years$2,123$1,638$1,248$942$705$187
25 years$2,016$1,537$1,156$860$634$157
26 years$1,918$1,444$1,072$787$571$132
27 years$1,827$1,359$996$720$515$111
28 years$1,743$1,281$926$660$465$93
29 years$1,665$1,208$861$605$420$79
30 years$1,592$1,141$802$555$379$66
31 years$1,524$1,079$748$510$343$56
32 years$1,460$1,021$698$469$310$47
33 years$1,400$967$652$431$281$39
34 years$1,344$916$609$396$254$33
35 years$1,292$869$569$365$230$28
36 years$1,242$825$533$336$208$24
37 years$1,195$783$498$310$189$20
38 years$1,151$744$467$285$171$17
39 years$1,109$708$437$263$155$14
40 years$1,069$674$410$243$141$12
41 years$1,031$641$384$224$128$10
42 years$996$611$361$207$116$8
43 years$962$582$338$191$105$7
44 years$929$555$318$176$96$6
45 years$898$529$298$163$87$5
46 years$869$504$280$150$79$4
47 years$841$481$263$139$72$4
48 years$814$460$247$128$65$3
49 years$788$439$232$119$59$3
50 years$764$419$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $782,000, adding $2,961 every year, while hoping to spend $56,206 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 35/45/20 Blend
56$782,000$782,000$782,000$782,000
57$864,818$823,372$811,251$889,722
58$893,227$803,915$778,625$888,802
59$922,650$781,620$743,023$882,388
60$953,130$756,290$704,284$874,305
61$984,715$727,714$662,244$864,438
62$1,017,455$695,670$616,728$852,665
63$1,051,401$659,924$567,554$838,857
64$1,086,610$620,227$514,533$822,880
65$1,123,142$576,315$457,467$804,593
66$1,161,059$527,911$396,149$783,844
67$1,200,429$474,721$330,362$760,479
68$1,241,325$416,434$259,881$734,330
69$1,283,823$352,723$184,471$705,225
70$1,328,007$283,240$103,884$672,980
71$1,373,964$207,619$17,864$637,405
72$1,421,789$125,473$0$598,298
73$1,471,585$36,394$0$571,224
74$1,523,460$0$0$545,280
75$1,577,532$0$0$546,213
76$1,633,928$0$0$566,004
77$1,692,784$0$0$586,683
78$1,754,248$0$0$608,303
79$1,818,478$0$0$630,925
80$1,885,647$0$0$654,612
81$1,955,940$0$0$679,435
82$2,029,558$0$0$705,468
83$2,106,720$0$0$732,793
84$2,187,662$0$0$761,500
85$2,272,641$0$0$791,684
86$2,361,936$0$0$823,452
87$2,455,850$0$0$856,917
88$2,554,712$0$0$892,203
89$2,658,881$0$0$929,447
90$2,768,749$0$0$968,797
91$2,884,741$0$0$1,010,413
92$3,007,323$0$0$1,054,472
93$3,137,000$0$0$1,101,167
94$3,274,327$0$0$1,150,707
95$3,419,907$0$0$1,203,324
96$3,574,402$0$0$1,259,267
97$3,738,534$0$0$1,318,812
98$3,913,093$0$0$1,382,260
99$4,098,944$0$0$1,449,942
100$4,297,033$0$0$1,522,218