Can I retire at age 57 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$64,990$64,411$63,846$63,295$62,756$61,717
2 years$32,173$31,574$30,993$30,430$29,884$28,840
3 years$21,236$20,634$20,055$19,497$18,960$17,943
4 years$15,768$15,168$14,595$14,046$13,522$12,541
5 years$12,488$11,892$11,326$10,789$10,279$9,337
6 years$10,303$9,711$9,153$8,628$8,134$7,231
7 years$8,742$8,155$7,606$7,094$6,615$5,752
8 years$7,572$6,990$6,451$5,951$5,488$4,664
9 years$6,662$6,086$5,556$5,069$4,621$3,837
10 years$5,935$5,365$4,844$4,369$3,938$3,192
11 years$5,341$4,776$4,264$3,803$3,387$2,678
12 years$4,846$4,287$3,785$3,335$2,935$2,263
13 years$4,427$3,874$3,381$2,945$2,559$1,923
14 years$4,068$3,521$3,038$2,614$2,243$1,642
15 years$3,758$3,217$2,743$2,331$1,975$1,408
16 years$3,487$2,951$2,487$2,087$1,746$1,211
17 years$3,248$2,718$2,263$1,875$1,548$1,044
18 years$3,035$2,512$2,066$1,690$1,376$902
19 years$2,845$2,328$1,891$1,527$1,227$782
20 years$2,675$2,163$1,736$1,383$1,096$678
21 years$2,521$2,015$1,596$1,255$981$589
22 years$2,381$1,881$1,471$1,141$879$512
23 years$2,253$1,759$1,359$1,039$789$446
24 years$2,136$1,648$1,256$948$709$389
25 years$2,029$1,547$1,164$866$638$339
26 years$1,930$1,454$1,079$792$575$296
27 years$1,839$1,368$1,002$725$518$259
28 years$1,754$1,289$932$664$468$226
29 years$1,675$1,216$867$609$422$198
30 years$1,602$1,148$808$559$382$173
31 years$1,534$1,086$753$513$345$151
32 years$1,469$1,027$702$472$312$132
33 years$1,409$973$656$434$282$116
34 years$1,353$922$613$399$256$102
35 years$1,300$875$573$367$232$89
36 years$1,250$830$536$338$210$78
37 years$1,203$788$502$312$190$68
38 years$1,158$749$470$287$172$60
39 years$1,116$712$440$265$156$52
40 years$1,076$678$413$244$142$46
41 years$1,038$645$387$225$129$40
42 years$1,002$614$363$208$117$35
43 years$968$585$340$192$106$31
44 years$935$558$320$177$96$27
45 years$904$532$300$164$87$24
46 years$874$508$282$151$79$21
47 years$846$484$265$140$72$18
48 years$819$463$249$129$65$16
49 years$793$442$234$119$59$14
50 years$768$422$220$110$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $787,000, adding $5,153 every year, while hoping to spend $37,705 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: 73/6/21 Blend
56$787,000$787,000$787,000$787,000
57$872,589$830,878$818,680$931,492
58$921,476$831,474$805,988$971,938
59$974,085$830,834$791,607$1,011,205
60$1,030,756$828,860$775,441$1,053,272
61$1,091,864$825,445$757,388$1,098,411
62$1,157,817$820,475$737,344$1,146,922
63$1,229,067$813,831$715,198$1,199,137
64$1,306,109$805,386$690,834$1,255,419
65$1,389,487$795,004$664,132$1,316,173
66$1,479,800$782,545$634,965$1,381,844
67$1,577,705$767,854$603,202$1,452,923
68$1,683,925$750,774$568,704$1,529,952
69$1,799,257$731,133$531,327$1,613,529
70$1,924,575$708,753$490,920$1,704,314
71$2,060,842$683,442$447,327$1,803,036
72$2,209,118$655,000$400,381$1,910,498
73$2,370,566$623,213$349,912$2,027,588
74$2,546,470$587,857$295,741$2,155,283
75$2,738,240$548,692$237,678$2,294,663
76$2,947,430$505,468$175,530$2,446,920
77$3,175,749$457,917$109,091$2,613,367
78$3,425,078$405,757$38,149$2,795,455
79$3,697,489$348,693$0$2,994,783
80$3,995,262$286,408$0$3,221,531
81$4,320,908$218,571$0$3,478,899
82$4,677,191$144,831$0$3,760,531
83$5,067,154$64,818$0$4,068,852
84$5,494,150$0$0$4,406,533
85$5,961,869$0$0$4,777,962
86$6,474,376$0$0$5,189,682
87$7,036,147$0$0$5,641,015
88$7,652,112$0$0$6,135,927
89$8,327,701$0$0$6,678,785
90$9,068,895$0$0$7,274,400
91$9,882,282$0$0$7,928,070
92$10,775,117$0$0$8,645,633
93$11,755,395$0$0$9,433,518
94$12,831,918$0$0$10,298,806
95$14,014,388$0$0$11,249,301
96$15,313,488$0$0$12,293,597
97$16,740,991$0$0$13,441,162
98$18,309,862$0$0$14,702,428
99$20,034,389$0$0$16,088,887
100$21,930,310$0$0$17,613,199