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%15.3%
1 years$64,990$64,411$63,846$63,295$62,756$61,389
2 years$32,173$31,574$30,993$30,430$29,884$28,513
3 years$21,236$20,634$20,055$19,497$18,960$17,628
4 years$15,768$15,168$14,595$14,046$13,522$12,241
5 years$12,488$11,892$11,326$10,789$10,279$9,051
6 years$10,303$9,711$9,153$8,628$8,134$6,960
7 years$8,742$8,155$7,606$7,094$6,615$5,496
8 years$7,572$6,990$6,451$5,951$5,488$4,423
9 years$6,662$6,086$5,556$5,069$4,621$3,611
10 years$5,935$5,365$4,844$4,369$3,938$2,980
11 years$5,341$4,776$4,264$3,803$3,387$2,480
12 years$4,846$4,287$3,785$3,335$2,935$2,078
13 years$4,427$3,874$3,381$2,945$2,559$1,751
14 years$4,068$3,521$3,038$2,614$2,243$1,482
15 years$3,758$3,217$2,743$2,331$1,975$1,259
16 years$3,487$2,951$2,487$2,087$1,746$1,073
17 years$3,248$2,718$2,263$1,875$1,548$916
18 years$3,035$2,512$2,066$1,690$1,376$785
19 years$2,845$2,328$1,891$1,527$1,227$673
20 years$2,675$2,163$1,736$1,383$1,096$578
21 years$2,521$2,015$1,596$1,255$981$497
22 years$2,381$1,881$1,471$1,141$879$428
23 years$2,253$1,759$1,359$1,039$789$369
24 years$2,136$1,648$1,256$948$709$319
25 years$2,029$1,547$1,164$866$638$275
26 years$1,930$1,454$1,079$792$575$238
27 years$1,839$1,368$1,002$725$518$205
28 years$1,754$1,289$932$664$468$178
29 years$1,675$1,216$867$609$422$154
30 years$1,602$1,148$808$559$382$133
31 years$1,534$1,086$753$513$345$115
32 years$1,469$1,027$702$472$312$100
33 years$1,409$973$656$434$282$86
34 years$1,353$922$613$399$256$75
35 years$1,300$875$573$367$232$65
36 years$1,250$830$536$338$210$56
37 years$1,203$788$502$312$190$49
38 years$1,158$749$470$287$172$42
39 years$1,116$712$440$265$156$37
40 years$1,076$678$413$244$142$32
41 years$1,038$645$387$225$129$27
42 years$1,002$614$363$208$117$24
43 years$968$585$340$192$106$21
44 years$935$558$320$177$96$18
45 years$904$532$300$164$87$16
46 years$874$508$282$151$79$13
47 years$846$484$265$140$72$12
48 years$819$463$249$129$65$10
49 years$793$442$234$119$59$9
50 years$768$422$220$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $787,000, adding $5,031 every year, while hoping to spend $47,928 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: 43/34/23 Blend
56$787,000$787,000$787,000$787,000
57$872,463$830,752$818,554$903,942
58$910,460$820,464$794,981$916,507
59$950,725$808,066$769,011$925,102
60$993,441$793,403$740,515$933,453
61$1,038,804$776,312$709,354$941,563
62$1,087,032$756,621$675,387$949,439
63$1,138,360$734,146$638,464$957,093
64$1,193,048$708,695$598,428$964,541
65$1,251,380$680,061$555,115$971,806
66$1,313,665$648,029$508,356$978,917
67$1,380,245$612,368$457,972$985,912
68$1,451,492$572,836$403,777$992,836
69$1,527,816$529,177$345,575$999,746
70$1,609,666$481,119$283,164$1,006,710
71$1,697,534$428,376$216,332$1,013,808
72$1,791,960$370,644$144,857$1,021,136
73$1,893,538$307,604$68,508$1,028,807
74$2,002,919$238,917$0$1,036,950
75$2,120,819$164,226$0$1,048,901
76$2,248,023$83,153$0$1,079,801
77$2,385,394$0$0$1,113,087
78$2,533,881$0$0$1,150,815
79$2,694,528$0$0$1,225,367
80$2,868,479$0$0$1,306,175
81$3,056,995$0$0$1,393,833
82$3,261,462$0$0$1,488,997
83$3,483,402$0$0$1,592,386
84$3,724,493$0$0$1,704,795
85$3,986,577$0$0$1,827,093
86$4,271,683$0$0$1,960,240
87$4,582,042$0$0$2,105,293
88$4,920,108$0$0$2,263,411
89$5,288,584$0$0$2,435,875
90$5,690,443$0$0$2,624,089
91$6,128,959$0$0$2,829,604
92$6,607,733$0$0$3,054,124
93$7,130,731$0$0$3,299,526
94$7,702,318$0$0$3,567,876
95$8,327,301$0$0$3,861,449
96$9,010,972$0$0$4,182,751
97$9,759,157$0$0$4,534,539
98$10,578,273$0$0$4,919,853
99$11,475,385$0$0$5,342,036
100$12,458,273$0$0$5,804,773