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%19.8%
1 years$64,742$64,165$63,603$63,053$62,517$60,061
2 years$32,050$31,454$30,875$30,314$29,770$27,325
3 years$21,155$20,555$19,978$19,423$18,887$16,531
4 years$15,708$15,110$14,539$13,993$13,471$11,221
5 years$12,441$11,847$11,283$10,748$10,240$8,103
6 years$10,263$9,674$9,118$8,595$8,103$6,079
7 years$8,709$8,124$7,577$7,067$6,590$4,679
8 years$7,543$6,964$6,426$5,928$5,467$3,667
9 years$6,637$6,063$5,535$5,049$4,604$2,913
10 years$5,913$5,344$4,825$4,353$3,923$2,337
11 years$5,320$4,758$4,248$3,788$3,374$1,889
12 years$4,827$4,270$3,770$3,323$2,924$1,537
13 years$4,410$3,859$3,368$2,933$2,549$1,256
14 years$4,053$3,508$3,027$2,604$2,235$1,030
15 years$3,744$3,204$2,733$2,322$1,968$848
16 years$3,473$2,940$2,477$2,079$1,739$699
17 years$3,235$2,708$2,254$1,868$1,542$578
18 years$3,024$2,502$2,058$1,684$1,371$479
19 years$2,835$2,319$1,884$1,521$1,222$397
20 years$2,665$2,155$1,729$1,378$1,092$330
21 years$2,511$2,007$1,590$1,250$977$274
22 years$2,372$1,874$1,466$1,137$876$228
23 years$2,244$1,752$1,353$1,035$786$190
24 years$2,128$1,642$1,252$944$706$158
25 years$2,021$1,541$1,159$862$636$131
26 years$1,923$1,448$1,075$789$573$109
27 years$1,832$1,363$998$722$516$91
28 years$1,747$1,284$928$661$466$76
29 years$1,669$1,211$864$606$421$63
30 years$1,596$1,144$805$557$380$53
31 years$1,528$1,082$750$511$344$44
32 years$1,464$1,023$700$470$311$37
33 years$1,404$969$653$432$281$31
34 years$1,348$919$610$397$255$26
35 years$1,295$871$571$366$231$21
36 years$1,245$827$534$337$209$18
37 years$1,198$785$500$311$189$15
38 years$1,154$746$468$286$172$12
39 years$1,112$710$438$264$156$10
40 years$1,072$675$411$243$141$9
41 years$1,034$643$385$225$128$7
42 years$998$612$361$207$116$6
43 years$964$583$339$191$106$5
44 years$932$556$318$177$96$4
45 years$901$530$299$163$87$4
46 years$871$506$281$151$79$3
47 years$843$483$264$139$72$2
48 years$816$461$248$129$65$2
49 years$790$440$233$119$59$2
50 years$765$420$219$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $784,000, adding $4,330 every year, while hoping to spend $59,110 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: 49/44/7 Blend
56$784,000$784,000$784,000$784,000
57$868,434$826,882$814,730$909,205
58$894,122$804,507$779,131$915,149
59$920,449$779,054$740,358$914,959
60$947,417$750,311$698,243$913,358
61$975,029$718,051$652,609$910,233
62$1,003,282$682,036$603,272$905,457
63$1,032,175$642,013$550,040$898,901
64$1,061,701$597,716$492,710$890,422
65$1,091,853$548,863$431,074$879,871
66$1,122,619$495,154$364,912$867,090
67$1,153,983$436,274$293,994$851,906
68$1,185,928$371,890$218,082$834,140
69$1,218,430$301,649$136,924$813,599
70$1,251,460$225,181$50,262$790,076
71$1,284,986$142,091$0$763,353
72$1,318,965$51,965$0$736,349
73$1,353,353$0$0$709,874
74$1,388,093$0$0$702,022
75$1,423,123$0$0$719,440
76$1,458,370$0$0$736,929
77$1,493,749$0$0$754,440
78$1,529,166$0$0$771,922
79$1,564,511$0$0$789,313
80$1,599,662$0$0$806,546
81$1,634,479$0$0$823,543
82$1,668,804$0$0$840,218
83$1,702,460$0$0$856,473
84$1,735,247$0$0$872,198
85$1,766,941$0$0$887,271
86$1,797,291$0$0$901,554
87$1,826,015$0$0$914,893
88$1,852,800$0$0$927,116
89$1,877,293$0$0$938,031
90$1,899,103$0$0$947,424
91$1,917,793$0$0$955,058
92$1,932,876$0$0$960,666
93$1,943,811$0$0$963,955
94$1,949,996$0$0$964,596
95$1,950,761$0$0$962,226
96$1,945,362$0$0$956,439
97$1,932,975$0$0$946,789
98$1,912,684$0$0$932,777
99$1,883,473$0$0$913,853
100$1,844,217$0$0$889,406