Can I retire at age 57 with 785,000?

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 $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%14.6%
1 years$64,825$64,247$63,684$63,134$62,597$61,408
2 years$32,091$31,494$30,914$30,353$29,808$28,615
3 years$21,182$20,581$20,004$19,447$18,911$17,752
4 years$15,728$15,130$14,558$14,011$13,488$12,370
5 years$12,457$11,862$11,297$10,762$10,253$9,180
6 years$10,276$9,686$9,130$8,606$8,113$7,086
7 years$8,720$8,134$7,587$7,076$6,598$5,618
8 years$7,553$6,973$6,434$5,936$5,474$4,540
9 years$6,646$6,071$5,542$5,056$4,610$3,721
10 years$5,920$5,351$4,832$4,358$3,928$3,084
11 years$5,327$4,764$4,254$3,793$3,378$2,578
12 years$4,833$4,276$3,775$3,327$2,927$2,170
13 years$4,416$3,864$3,373$2,937$2,553$1,837
14 years$4,058$3,512$3,030$2,607$2,238$1,562
15 years$3,749$3,209$2,736$2,325$1,970$1,334
16 years$3,478$2,944$2,481$2,082$1,741$1,142
17 years$3,239$2,711$2,257$1,871$1,544$981
18 years$3,027$2,505$2,061$1,686$1,373$844
19 years$2,838$2,322$1,886$1,523$1,224$728
20 years$2,668$2,158$1,731$1,380$1,093$629
21 years$2,514$2,010$1,592$1,252$978$544
22 years$2,375$1,876$1,468$1,138$877$471
23 years$2,247$1,755$1,355$1,037$787$408
24 years$2,131$1,644$1,253$946$707$354
25 years$2,024$1,543$1,161$864$636$307
26 years$1,925$1,450$1,077$790$573$267
27 years$1,834$1,365$1,000$723$517$232
28 years$1,750$1,286$929$662$466$202
29 years$1,671$1,213$865$607$421$176
30 years$1,598$1,146$806$557$381$153
31 years$1,530$1,083$751$512$344$133
32 years$1,466$1,025$701$470$311$116
33 years$1,406$970$654$433$282$101
34 years$1,350$920$611$398$255$88
35 years$1,297$872$571$366$231$77
36 years$1,247$828$535$337$209$67
37 years$1,200$786$500$311$190$58
38 years$1,155$747$469$287$172$51
39 years$1,113$711$439$264$156$44
40 years$1,073$676$411$244$141$39
41 years$1,035$644$386$225$128$34
42 years$999$613$362$208$116$29
43 years$965$584$340$192$106$26
44 years$933$557$319$177$96$22
45 years$902$531$299$163$87$20
46 years$872$506$281$151$79$17
47 years$844$483$264$139$72$15
48 years$817$461$248$129$65$13
49 years$791$441$233$119$59$11
50 years$766$421$219$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $785,000, adding $6,854 every year, while hoping to spend $27,180 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: 56/20/24 Blend
56$785,000$785,000$785,000$785,000
57$872,140$830,535$818,367$914,919
58$932,179$842,312$816,863$956,766
59$997,431$853,755$814,398$998,892
60$1,068,399$864,819$810,910$1,044,214
61$1,145,636$875,456$806,337$1,093,049
62$1,229,752$885,614$800,610$1,145,744
63$1,321,417$895,239$793,660$1,202,685
64$1,421,367$904,272$785,414$1,264,296
65$1,530,416$912,650$775,794$1,331,045
66$1,649,455$920,307$764,720$1,403,451
67$1,779,469$927,171$752,108$1,482,085
68$1,921,540$933,168$737,868$1,567,576
69$2,076,860$938,216$721,910$1,660,621
70$2,246,741$942,230$704,135$1,761,988
71$2,432,628$945,119$684,444$1,872,523
72$2,636,113$946,787$662,729$1,993,164
73$2,858,947$947,129$638,881$2,124,941
74$3,103,059$946,039$612,783$2,268,994
75$3,370,575$943,398$584,315$2,426,580
76$3,663,834$939,085$553,350$2,599,086
77$3,985,413$932,968$519,755$2,788,043
78$4,338,151$924,909$483,393$2,995,137
79$4,725,174$914,762$444,119$3,222,234
80$5,149,927$902,370$401,782$3,471,387
81$5,616,202$887,569$356,224$3,744,864
82$6,128,178$870,183$307,281$4,045,167
83$6,690,458$850,028$254,781$4,375,054
84$7,308,113$826,907$198,544$4,737,570
85$7,986,728$800,613$138,383$5,136,071
86$8,732,457$770,926$74,101$5,574,261
87$9,552,080$737,614$5,496$6,056,223
88$10,453,065$700,430$0$6,586,463
89$11,443,641$659,114$0$7,187,290
90$12,532,873$613,391$0$7,849,472
91$13,730,749$562,970$0$8,577,702
92$15,048,273$507,543$0$9,378,705
93$16,497,569$446,786$0$10,259,895
94$18,091,997$380,354$0$11,229,444
95$19,846,274$307,885$0$12,296,358
96$21,776,618$228,995$0$13,470,564
97$23,900,896$143,279$0$14,763,003
98$26,238,798$50,309$0$16,185,735
99$28,812,015$0$0$17,752,053
100$31,644,452$0$0$19,487,690