Can I retire at age 57 with 783,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$64,659$64,083$63,522$62,973$62,438$60,439
2 years$32,010$31,413$30,836$30,276$29,732$27,737
3 years$21,128$20,529$19,953$19,398$18,863$16,934
4 years$15,688$15,091$14,520$13,975$13,453$11,605
5 years$12,425$11,832$11,268$10,734$10,227$8,465
6 years$10,250$9,661$9,107$8,584$8,092$6,417
7 years$8,697$8,114$7,568$7,058$6,581$4,993
8 years$7,533$6,955$6,418$5,920$5,460$3,958
9 years$6,629$6,055$5,528$5,043$4,598$3,180
10 years$5,905$5,338$4,819$4,347$3,918$2,582
11 years$5,314$4,752$4,243$3,783$3,369$2,114
12 years$4,821$4,265$3,765$3,318$2,920$1,741
13 years$4,404$3,854$3,364$2,930$2,546$1,441
14 years$4,048$3,503$3,023$2,601$2,232$1,198
15 years$3,739$3,200$2,729$2,319$1,965$1,000
16 years$3,469$2,936$2,474$2,077$1,737$836
17 years$3,231$2,704$2,252$1,866$1,540$701
18 years$3,020$2,499$2,055$1,682$1,369$589
19 years$2,831$2,316$1,882$1,519$1,220$495
20 years$2,661$2,152$1,727$1,376$1,090$417
21 years$2,508$2,005$1,588$1,249$976$352
22 years$2,369$1,871$1,464$1,136$874$297
23 years$2,242$1,750$1,352$1,034$785$251
24 years$2,125$1,640$1,250$943$706$212
25 years$2,019$1,539$1,158$861$635$179
26 years$1,920$1,446$1,074$788$572$152
27 years$1,829$1,361$997$721$516$128
28 years$1,745$1,283$927$661$465$109
29 years$1,667$1,210$863$606$420$92
30 years$1,594$1,143$803$556$380$78
31 years$1,526$1,080$749$511$343$66
32 years$1,462$1,022$699$469$310$56
33 years$1,402$968$653$431$281$47
34 years$1,346$917$610$397$254$40
35 years$1,293$870$570$365$230$34
36 years$1,244$826$533$337$209$29
37 years$1,197$784$499$310$189$24
38 years$1,152$745$467$286$172$21
39 years$1,110$709$438$264$156$18
40 years$1,070$674$410$243$141$15
41 years$1,033$642$385$224$128$13
42 years$997$611$361$207$116$11
43 years$963$583$339$191$105$9
44 years$930$555$318$176$96$8
45 years$899$529$299$163$87$7
46 years$870$505$280$150$79$6
47 years$842$482$263$139$72$5
48 years$815$460$248$128$65$4
49 years$789$439$233$119$59$3
50 years$764$420$219$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $783,000, adding $5,449 every year, while hoping to spend $36,487 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: 68/9/23 Blend
56$783,000$783,000$783,000$783,000
57$868,487$826,988$814,851$922,121
58$918,250$828,688$803,327$960,454
59$971,867$829,249$790,193$997,663
60$1,029,691$828,576$775,359$1,037,508
61$1,092,113$826,569$758,726$1,080,246
62$1,159,559$823,121$740,194$1,126,166
63$1,232,500$818,121$719,656$1,175,584
64$1,311,453$811,447$697,003$1,228,850
65$1,396,986$802,973$672,118$1,286,350
66$1,489,724$792,564$644,879$1,348,511
67$1,590,355$780,078$615,161$1,415,804
68$1,699,633$765,364$582,831$1,488,750
69$1,818,390$748,261$547,750$1,567,924
70$1,947,540$728,600$509,774$1,653,960
71$2,088,089$706,201$468,751$1,747,561
72$2,241,143$680,875$424,524$1,849,499
73$2,407,922$652,419$376,928$1,960,630
74$2,589,765$620,623$325,790$2,081,896
75$2,788,147$585,259$270,930$2,214,340
76$3,004,692$546,091$212,160$2,359,112
77$3,241,188$502,867$149,284$2,517,480
78$3,499,601$455,320$82,098$2,690,845
79$3,782,100$403,169$10,387$2,880,753
80$4,091,067$346,118$0$3,088,911
81$4,429,130$283,851$0$3,333,433
82$4,799,179$216,038$0$3,603,941
83$5,204,399$142,328$0$3,900,236
84$5,648,296$62,351$0$4,224,909
85$6,134,732$0$0$4,580,818
86$6,667,959$0$0$4,973,514
87$7,252,661$0$0$5,410,936
88$7,893,997$0$0$5,890,773
89$8,597,648$0$0$6,417,284
90$9,369,873$0$0$6,995,157
91$10,217,565$0$0$7,629,557
92$11,148,320$0$0$8,326,174
93$12,170,501$0$0$9,091,276
94$13,293,324$0$0$9,931,767
95$14,526,939$0$0$10,855,253
96$15,882,531$0$0$11,870,114
97$17,372,420$0$0$12,985,581
98$19,010,178$0$0$14,211,824
99$20,810,759$0$0$15,560,047
100$22,790,638$0$0$17,042,596