Can I retire at age 57 with 784,000?

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 $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%19.1%
1 years$64,742$64,165$63,603$63,053$62,517$60,227
2 years$32,050$31,454$30,875$30,314$29,770$27,488
3 years$21,155$20,555$19,978$19,423$18,887$16,686
4 years$15,708$15,110$14,539$13,993$13,471$11,366
5 years$12,441$11,847$11,283$10,748$10,240$8,238
6 years$10,263$9,674$9,118$8,595$8,103$6,204
7 years$8,709$8,124$7,577$7,067$6,590$4,795
8 years$7,543$6,964$6,426$5,928$5,467$3,773
9 years$6,637$6,063$5,535$5,049$4,604$3,010
10 years$5,913$5,344$4,825$4,353$3,923$2,425
11 years$5,320$4,758$4,248$3,788$3,374$1,970
12 years$4,827$4,270$3,770$3,323$2,924$1,610
13 years$4,410$3,859$3,368$2,933$2,549$1,322
14 years$4,053$3,508$3,027$2,604$2,235$1,090
15 years$3,744$3,204$2,733$2,322$1,968$901
16 years$3,473$2,940$2,477$2,079$1,739$747
17 years$3,235$2,708$2,254$1,868$1,542$621
18 years$3,024$2,502$2,058$1,684$1,371$517
19 years$2,835$2,319$1,884$1,521$1,222$431
20 years$2,665$2,155$1,729$1,378$1,092$360
21 years$2,511$2,007$1,590$1,250$977$301
22 years$2,372$1,874$1,466$1,137$876$251
23 years$2,244$1,752$1,353$1,035$786$210
24 years$2,128$1,642$1,252$944$706$176
25 years$2,021$1,541$1,159$862$636$147
26 years$1,923$1,448$1,075$789$573$124
27 years$1,832$1,363$998$722$516$104
28 years$1,747$1,284$928$661$466$87
29 years$1,669$1,211$864$606$421$73
30 years$1,596$1,144$805$557$380$61
31 years$1,528$1,082$750$511$344$51
32 years$1,464$1,023$700$470$311$43
33 years$1,404$969$653$432$281$36
34 years$1,348$919$610$397$255$30
35 years$1,295$871$571$366$231$25
36 years$1,245$827$534$337$209$21
37 years$1,198$785$500$311$189$18
38 years$1,154$746$468$286$172$15
39 years$1,112$710$438$264$156$13
40 years$1,072$675$411$243$141$11
41 years$1,034$643$385$225$128$9
42 years$998$612$361$207$116$7
43 years$964$583$339$191$106$6
44 years$932$556$318$177$96$5
45 years$901$530$299$163$87$4
46 years$871$506$281$151$79$4
47 years$843$483$264$139$72$3
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$2
50 years$765$420$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 $784,000, adding $5,498 every year, while hoping to spend $24,345 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: 40/37/23 Blend
56$784,000$784,000$784,000$784,000
57$869,639$828,087$815,935$898,316
58$932,439$842,761$817,366$934,138
59$1,000,829$857,337$818,029$970,154
60$1,075,354$871,786$817,873$1,008,631
61$1,156,611$886,075$816,843$1,049,808
62$1,245,261$900,168$814,883$1,093,949
63$1,342,030$914,029$811,933$1,141,345
64$1,447,716$927,616$807,933$1,192,318
65$1,563,200$940,885$802,815$1,247,222
66$1,689,449$953,791$796,512$1,306,451
67$1,827,530$966,284$788,952$1,370,439
68$1,978,617$978,311$780,060$1,439,664
69$2,144,001$989,814$769,758$1,514,655
70$2,325,107$1,000,733$757,963$1,595,998
71$2,523,503$1,011,003$744,589$1,684,336
72$2,740,913$1,020,555$729,546$1,780,384
73$2,979,240$1,029,316$712,739$1,884,927
74$3,240,576$1,037,206$694,070$1,998,836
75$3,527,229$1,044,144$673,436$2,123,069
76$3,841,738$1,050,038$650,728$2,258,687
77$4,186,901$1,054,796$625,833$2,406,859
78$4,565,800$1,058,316$598,633$2,568,876
79$4,981,829$1,060,491$569,005$2,746,165
80$5,438,729$1,061,208$536,819$2,940,298
81$5,940,617$1,060,345$501,941$3,153,012
82$6,492,033$1,057,775$464,229$3,386,226
83$7,097,977$1,053,362$423,536$3,642,054
84$7,763,954$1,046,960$379,709$3,922,832
85$8,496,034$1,038,418$332,586$4,231,138
86$9,300,901$1,027,572$281,999$4,569,814
87$10,185,919$1,014,250$227,772$4,942,000
88$11,159,204$998,269$169,724$5,351,156
89$12,229,696$979,437$107,662$5,801,105
90$13,407,243$957,547$41,387$6,296,060
91$14,702,699$932,384$0$6,840,672
92$16,128,020$903,717$0$7,447,271
93$17,696,382$871,304$0$8,125,624
94$19,422,302$834,886$0$8,871,861
95$21,321,773$794,192$0$9,692,927
96$23,412,419$748,933$0$10,596,478
97$25,713,661$698,805$0$11,590,955
98$28,246,893$643,486$0$12,685,665
99$31,035,694$582,635$0$13,890,868
100$34,106,043$515,892$0$15,217,875