Can I retire at age 57 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$64,742$64,165$63,603$63,053$62,517$61,031
2 years$32,050$31,454$30,875$30,314$29,770$28,281
3 years$21,155$20,555$19,978$19,423$18,887$17,443
4 years$15,708$15,110$14,539$13,993$13,471$12,081
5 years$12,441$11,847$11,283$10,748$10,240$8,910
6 years$10,263$9,674$9,118$8,595$8,103$6,833
7 years$8,709$8,124$7,577$7,067$6,590$5,380
8 years$7,543$6,964$6,426$5,928$5,467$4,317
9 years$6,637$6,063$5,535$5,049$4,604$3,514
10 years$5,913$5,344$4,825$4,353$3,923$2,891
11 years$5,320$4,758$4,248$3,788$3,374$2,398
12 years$4,827$4,270$3,770$3,323$2,924$2,003
13 years$4,410$3,859$3,368$2,933$2,549$1,682
14 years$4,053$3,508$3,027$2,604$2,235$1,419
15 years$3,744$3,204$2,733$2,322$1,968$1,201
16 years$3,473$2,940$2,477$2,079$1,739$1,020
17 years$3,235$2,708$2,254$1,868$1,542$868
18 years$3,024$2,502$2,058$1,684$1,371$741
19 years$2,835$2,319$1,884$1,521$1,222$633
20 years$2,665$2,155$1,729$1,378$1,092$542
21 years$2,511$2,007$1,590$1,250$977$464
22 years$2,372$1,874$1,466$1,137$876$398
23 years$2,244$1,752$1,353$1,035$786$342
24 years$2,128$1,642$1,252$944$706$294
25 years$2,021$1,541$1,159$862$636$253
26 years$1,923$1,448$1,075$789$573$218
27 years$1,832$1,363$998$722$516$187
28 years$1,747$1,284$928$661$466$161
29 years$1,669$1,211$864$606$421$139
30 years$1,596$1,144$805$557$380$120
31 years$1,528$1,082$750$511$344$103
32 years$1,464$1,023$700$470$311$89
33 years$1,404$969$653$432$281$77
34 years$1,348$919$610$397$255$66
35 years$1,295$871$571$366$231$57
36 years$1,245$827$534$337$209$49
37 years$1,198$785$500$311$189$43
38 years$1,154$746$468$286$172$37
39 years$1,112$710$438$264$156$32
40 years$1,072$675$411$243$141$27
41 years$1,034$643$385$225$128$24
42 years$998$612$361$207$116$20
43 years$964$583$339$191$106$18
44 years$932$556$318$177$96$15
45 years$901$530$299$163$87$13
46 years$871$506$281$151$79$11
47 years$843$483$264$139$72$10
48 years$816$461$248$129$65$8
49 years$790$440$233$119$59$7
50 years$765$420$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $784,000, adding $2,743 every year, while hoping to spend $37,976 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: 64/22/14 Blend
56$784,000$784,000$784,000$784,000
57$866,797$825,245$813,093$919,203
58$914,805$825,276$799,926$954,655
59$966,436$824,036$785,044$988,732
60$1,022,020$821,422$768,352$1,025,023
61$1,081,920$817,325$749,745$1,063,741
62$1,146,533$811,631$729,119$1,105,125
63$1,216,296$804,217$706,360$1,149,440
64$1,291,688$794,954$681,353$1,196,976
65$1,373,236$783,703$653,975$1,248,057
66$1,461,522$770,320$624,099$1,303,039
67$1,557,181$754,650$591,590$1,362,317
68$1,660,915$736,529$556,310$1,426,328
69$1,773,494$715,785$518,112$1,495,554
70$1,895,766$692,234$476,844$1,570,528
71$2,028,663$665,682$432,348$1,651,841
72$2,173,211$635,925$384,455$1,740,145
73$2,330,538$602,744$332,994$1,836,159
74$2,501,885$565,911$277,782$1,940,682
75$2,688,619$525,183$218,629$2,054,593
76$2,892,244$480,302$155,339$2,178,864
77$3,114,414$430,998$87,704$2,314,571
78$3,356,951$376,984$15,509$2,462,902
79$3,621,860$317,956$0$2,625,167
80$3,911,348$253,595$0$2,812,009
81$4,227,847$183,561$0$3,018,906
82$4,574,030$107,499$0$3,245,342
83$4,952,845$25,030$0$3,493,309
84$5,367,535$0$0$3,765,003
85$5,821,674$0$0$4,078,398
86$6,319,193$0$0$4,428,422
87$6,864,427$0$0$4,812,070
88$7,462,145$0$0$5,232,707
89$8,117,604$0$0$5,694,037
90$8,836,590$0$0$6,200,143
91$9,625,479$0$0$6,755,519
92$10,491,293$0$0$7,365,116
93$11,441,767$0$0$8,034,389
94$12,485,420$0$0$8,769,346
95$13,631,638$0$0$9,576,606
96$14,890,761$0$0$10,463,458
97$16,274,178$0$0$11,437,936
98$17,794,438$0$0$12,508,887
99$19,465,363$0$0$13,686,060
100$21,302,184$0$0$14,980,195