Can I retire at age 57 with 783,000?

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 $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%15.4%
1 years$64,659$64,083$63,522$62,973$62,438$61,052
2 years$32,010$31,413$30,836$30,276$29,732$28,344
3 years$21,128$20,529$19,953$19,398$18,863$17,515
4 years$15,688$15,091$14,520$13,975$13,453$12,156
5 years$12,425$11,832$11,268$10,734$10,227$8,984
6 years$10,250$9,661$9,107$8,584$8,092$6,904
7 years$8,697$8,114$7,568$7,058$6,581$5,449
8 years$7,533$6,955$6,418$5,920$5,460$4,383
9 years$6,629$6,055$5,528$5,043$4,598$3,576
10 years$5,905$5,338$4,819$4,347$3,918$2,949
11 years$5,314$4,752$4,243$3,783$3,369$2,453
12 years$4,821$4,265$3,765$3,318$2,920$2,054
13 years$4,404$3,854$3,364$2,930$2,546$1,729
14 years$4,048$3,503$3,023$2,601$2,232$1,463
15 years$3,739$3,200$2,729$2,319$1,965$1,242
16 years$3,469$2,936$2,474$2,077$1,737$1,057
17 years$3,231$2,704$2,252$1,866$1,540$903
18 years$3,020$2,499$2,055$1,682$1,369$772
19 years$2,831$2,316$1,882$1,519$1,220$662
20 years$2,661$2,152$1,727$1,376$1,090$568
21 years$2,508$2,005$1,588$1,249$976$489
22 years$2,369$1,871$1,464$1,136$874$420
23 years$2,242$1,750$1,352$1,034$785$362
24 years$2,125$1,640$1,250$943$706$312
25 years$2,019$1,539$1,158$861$635$269
26 years$1,920$1,446$1,074$788$572$233
27 years$1,829$1,361$997$721$516$201
28 years$1,745$1,283$927$661$465$174
29 years$1,667$1,210$863$606$420$150
30 years$1,594$1,143$803$556$380$130
31 years$1,526$1,080$749$511$343$112
32 years$1,462$1,022$699$469$310$97
33 years$1,402$968$653$431$281$84
34 years$1,346$917$610$397$254$73
35 years$1,293$870$570$365$230$63
36 years$1,244$826$533$337$209$54
37 years$1,197$784$499$310$189$47
38 years$1,152$745$467$286$172$41
39 years$1,110$709$438$264$156$35
40 years$1,070$674$410$243$141$31
41 years$1,033$642$385$224$128$27
42 years$997$611$361$207$116$23
43 years$963$583$339$191$105$20
44 years$930$555$318$176$96$17
45 years$899$529$299$163$87$15
46 years$870$505$280$150$79$13
47 years$842$482$263$139$72$11
48 years$815$460$248$128$65$10
49 years$789$439$233$119$59$8
50 years$764$420$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $783,000, adding $5,860 every year, while hoping to spend $40,330 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: 75/7/18 Blend
56$783,000$783,000$783,000$783,000
57$868,911$827,412$815,275$930,057
58$914,629$825,044$799,676$968,976
59$963,658$821,209$782,203$1,006,083
60$1,016,295$815,791$762,750$1,045,690
61$1,072,862$808,670$741,207$1,088,036
62$1,133,715$799,716$717,459$1,133,383
63$1,199,246$788,794$691,385$1,182,023
64$1,269,881$775,757$662,859$1,234,276
65$1,346,094$760,454$631,750$1,290,494
66$1,428,401$742,722$597,919$1,351,070
67$1,517,371$722,388$561,222$1,416,433
68$1,613,629$699,271$521,509$1,487,058
69$1,717,862$673,179$478,623$1,563,471
70$1,830,826$643,906$432,398$1,646,250
71$1,953,350$611,238$382,664$1,736,035
72$2,086,350$574,946$329,241$1,833,529
73$2,230,828$534,790$271,941$1,939,512
74$2,387,891$490,513$210,570$2,054,842
75$2,558,755$441,847$144,923$2,180,465
76$2,744,756$388,505$74,786$2,317,428
77$2,947,367$330,188$0$2,466,883
78$3,168,208$266,577$0$2,630,114
79$3,409,062$197,335$0$2,823,844
80$3,671,890$122,108$0$3,035,288
81$3,958,852$40,521$0$3,266,203
82$4,272,325$0$0$3,518,526
83$4,614,928$0$0$3,798,072
84$4,989,541$0$0$4,107,180
85$5,399,337$0$0$4,445,352
86$5,847,809$0$0$4,815,472
87$6,338,805$0$0$5,220,721
88$6,876,559$0$0$5,664,599
89$7,465,737$0$0$6,150,960
90$8,111,476$0$0$6,684,050
91$8,819,434$0$0$7,268,544
92$9,595,842$0$0$7,909,592
93$10,447,563$0$0$8,612,867
94$11,382,158$0$0$9,384,615
95$12,407,953$0$0$10,231,719
96$13,534,121$0$0$11,161,758
97$14,770,766$0$0$12,183,082
98$16,129,017$0$0$13,304,891
99$17,621,137$0$0$14,537,317
100$19,260,632$0$0$15,891,523