Can I retire at age 57 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$64,825$64,247$63,684$63,134$62,597$60,886
2 years$32,091$31,494$30,914$30,353$29,808$28,097
3 years$21,182$20,581$20,004$19,447$18,911$17,254
4 years$15,728$15,130$14,558$14,011$13,488$11,896
5 years$12,457$11,862$11,297$10,762$10,253$8,732
6 years$10,276$9,686$9,130$8,606$8,113$6,663
7 years$8,720$8,134$7,587$7,076$6,598$5,220
8 years$7,553$6,973$6,434$5,936$5,474$4,167
9 years$6,646$6,071$5,542$5,056$4,610$3,373
10 years$5,920$5,351$4,832$4,358$3,928$2,759
11 years$5,327$4,764$4,254$3,793$3,378$2,276
12 years$4,833$4,276$3,775$3,327$2,927$1,890
13 years$4,416$3,864$3,373$2,937$2,553$1,577
14 years$4,058$3,512$3,030$2,607$2,238$1,322
15 years$3,749$3,209$2,736$2,325$1,970$1,112
16 years$3,478$2,944$2,481$2,082$1,741$939
17 years$3,239$2,711$2,257$1,871$1,544$794
18 years$3,027$2,505$2,061$1,686$1,373$673
19 years$2,838$2,322$1,886$1,523$1,224$571
20 years$2,668$2,158$1,731$1,380$1,093$485
21 years$2,514$2,010$1,592$1,252$978$413
22 years$2,375$1,876$1,468$1,138$877$352
23 years$2,247$1,755$1,355$1,037$787$300
24 years$2,131$1,644$1,253$946$707$256
25 years$2,024$1,543$1,161$864$636$219
26 years$1,925$1,450$1,077$790$573$187
27 years$1,834$1,365$1,000$723$517$160
28 years$1,750$1,286$929$662$466$136
29 years$1,671$1,213$865$607$421$117
30 years$1,598$1,146$806$557$381$100
31 years$1,530$1,083$751$512$344$85
32 years$1,466$1,025$701$470$311$73
33 years$1,406$970$654$433$282$63
34 years$1,350$920$611$398$255$54
35 years$1,297$872$571$366$231$46
36 years$1,247$828$535$337$209$39
37 years$1,200$786$500$311$190$34
38 years$1,155$747$469$287$172$29
39 years$1,113$711$439$264$156$25
40 years$1,073$676$411$244$141$21
41 years$1,035$644$386$225$128$18
42 years$999$613$362$208$116$16
43 years$965$584$340$192$106$13
44 years$933$557$319$177$96$11
45 years$902$531$299$163$87$10
46 years$872$506$281$151$79$8
47 years$844$483$264$139$72$7
48 years$817$461$248$129$65$6
49 years$791$441$233$119$59$5
50 years$766$421$219$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $785,000, adding $4,203 every year, while hoping to spend $43,569 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: 41/49/10 Blend
56$785,000$785,000$785,000$785,000
57$869,405$827,800$815,633$902,308
58$911,728$822,006$796,600$919,991
59$956,907$814,466$775,468$934,446
60$1,005,187$805,052$752,123$949,113
61$1,056,839$793,622$726,442$964,028
62$1,112,157$780,030$698,298$979,237
63$1,171,464$764,118$667,558$994,792
64$1,235,115$745,722$634,083$1,010,753
65$1,303,500$724,665$597,727$1,027,192
66$1,377,045$700,762$558,340$1,044,190
67$1,456,221$673,817$515,761$1,061,842
68$1,541,542$643,620$469,826$1,080,257
69$1,633,575$609,953$420,361$1,099,559
70$1,732,941$572,582$367,184$1,119,892
71$1,840,324$531,262$310,108$1,141,418
72$1,956,475$485,731$248,934$1,164,323
73$2,082,219$435,715$183,457$1,188,817
74$2,218,463$380,923$113,460$1,215,138
75$2,366,206$321,048$38,721$1,243,556
76$2,526,545$255,765$0$1,274,377
77$2,700,686$184,731$0$1,312,322
78$2,889,957$107,585$0$1,358,095
79$3,095,819$23,942$0$1,408,021
80$3,319,877$0$0$1,462,620
81$3,563,901$0$0$1,558,382
82$3,829,835$0$0$1,676,903
83$4,119,821$0$0$1,806,239
84$4,436,214$0$0$1,947,454
85$4,781,609$0$0$2,101,717
86$5,158,861$0$0$2,270,318
87$5,571,112$0$0$2,454,673
88$6,021,823$0$0$2,656,346
89$6,514,805$0$0$2,877,055
90$7,054,251$0$0$3,118,694
91$7,644,781$0$0$3,383,348
92$8,291,482$0$0$3,673,313
93$8,999,955$0$0$3,991,117
94$9,776,368$0$0$4,339,546
95$10,627,516$0$0$4,721,667
96$11,560,880$0$0$5,140,858
97$12,584,702$0$0$5,600,840
98$13,708,060$0$0$6,105,712
99$14,940,951$0$0$6,659,989
100$16,294,389$0$0$7,268,645