Can I retire at age 57 with 787,000?

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 $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%14.5%
1 years$64,990$64,411$63,846$63,295$62,756$61,590
2 years$32,173$31,574$30,993$30,430$29,884$28,713
3 years$21,236$20,634$20,055$19,497$18,960$17,821
4 years$15,768$15,168$14,595$14,046$13,522$12,425
5 years$12,488$11,892$11,326$10,789$10,279$9,226
6 years$10,303$9,711$9,153$8,628$8,134$7,125
7 years$8,742$8,155$7,606$7,094$6,615$5,652
8 years$7,572$6,990$6,451$5,951$5,488$4,570
9 years$6,662$6,086$5,556$5,069$4,621$3,748
10 years$5,935$5,365$4,844$4,369$3,938$3,108
11 years$5,341$4,776$4,264$3,803$3,387$2,600
12 years$4,846$4,287$3,785$3,335$2,935$2,190
13 years$4,427$3,874$3,381$2,945$2,559$1,855
14 years$4,068$3,521$3,038$2,614$2,243$1,579
15 years$3,758$3,217$2,743$2,331$1,975$1,349
16 years$3,487$2,951$2,487$2,087$1,746$1,156
17 years$3,248$2,718$2,263$1,875$1,548$993
18 years$3,035$2,512$2,066$1,690$1,376$855
19 years$2,845$2,328$1,891$1,527$1,227$738
20 years$2,675$2,163$1,736$1,383$1,096$638
21 years$2,521$2,015$1,596$1,255$981$552
22 years$2,381$1,881$1,471$1,141$879$478
23 years$2,253$1,759$1,359$1,039$789$415
24 years$2,136$1,648$1,256$948$709$360
25 years$2,029$1,547$1,164$866$638$313
26 years$1,930$1,454$1,079$792$575$272
27 years$1,839$1,368$1,002$725$518$237
28 years$1,754$1,289$932$664$468$206
29 years$1,675$1,216$867$609$422$180
30 years$1,602$1,148$808$559$382$156
31 years$1,534$1,086$753$513$345$136
32 years$1,469$1,027$702$472$312$119
33 years$1,409$973$656$434$282$104
34 years$1,353$922$613$399$256$90
35 years$1,300$875$573$367$232$79
36 years$1,250$830$536$338$210$69
37 years$1,203$788$502$312$190$60
38 years$1,158$749$470$287$172$52
39 years$1,116$712$440$265$156$46
40 years$1,076$678$413$244$142$40
41 years$1,038$645$387$225$129$35
42 years$1,002$614$363$208$117$30
43 years$968$585$340$192$106$27
44 years$935$558$320$177$96$23
45 years$904$532$300$164$87$20
46 years$874$508$282$151$79$18
47 years$846$484$265$140$72$15
48 years$819$463$249$129$65$13
49 years$793$442$234$119$59$12
50 years$768$422$220$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $787,000, adding $3,840 every year, while hoping to spend $46,279 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: 33/49/18 Blend
56$787,000$787,000$787,000$787,000
57$871,235$829,524$817,325$895,012
58$910,860$820,930$795,465$904,327
59$952,977$810,364$771,322$909,819
60$997,789$797,680$744,770$914,758
61$1,045,521$782,725$715,678$919,123
62$1,096,420$765,334$683,909$922,892
63$1,150,755$745,336$649,319$926,049
64$1,208,821$722,546$611,760$928,579
65$1,270,941$696,771$571,075$930,472
66$1,337,470$667,806$527,099$931,719
67$1,408,797$635,434$479,662$932,320
68$1,485,349$599,425$428,585$932,279
69$1,567,595$559,536$373,683$931,607
70$1,656,048$515,512$314,759$930,322
71$1,751,272$467,079$251,611$928,452
72$1,853,888$413,952$184,027$926,037
73$1,964,577$355,828$111,783$923,127
74$2,084,086$292,386$34,650$919,786
75$2,213,237$223,287$0$916,094
76$2,352,933$148,174$0$921,304
77$2,504,168$66,671$0$934,077
78$2,668,033$0$0$947,942
79$2,845,728$0$0$974,779
80$3,038,573$0$0$1,043,016
81$3,248,019$0$0$1,117,230
82$3,475,664$0$0$1,198,001
83$3,723,263$0$0$1,285,965
84$3,992,749$0$0$1,381,823
85$4,286,249$0$0$1,486,347
86$4,606,102$0$0$1,600,384
87$4,954,884$0$0$1,724,870
88$5,335,429$0$0$1,860,833
89$5,750,857$0$0$2,009,405
90$6,204,602$0$0$2,171,832
91$6,700,444$0$0$2,349,488
92$7,242,546$0$0$2,543,882
93$7,835,489$0$0$2,756,678
94$8,484,321$0$0$2,989,710
95$9,194,596$0$0$3,244,994
96$9,972,432$0$0$3,524,752
97$10,824,568$0$0$3,831,433
98$11,758,422$0$0$4,167,730
99$12,782,166$0$0$4,536,612
100$13,904,800$0$0$4,941,349