Can I retire at age 57 with 788,000?

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 $788,000?

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$65,072$64,493$63,927$63,375$62,836$61,119
2 years$32,214$31,614$31,033$30,469$29,922$28,204
3 years$21,263$20,660$20,080$19,522$18,984$17,320
4 years$15,788$15,187$14,613$14,064$13,539$11,941
5 years$12,504$11,907$11,340$10,803$10,292$8,765
6 years$10,316$9,723$9,165$8,639$8,144$6,689
7 years$8,753$8,165$7,616$7,103$6,623$5,240
8 years$7,582$6,999$6,459$5,958$5,495$4,183
9 years$6,671$6,094$5,563$5,075$4,627$3,386
10 years$5,943$5,372$4,850$4,375$3,943$2,770
11 years$5,348$4,782$4,270$3,807$3,391$2,285
12 years$4,852$4,292$3,789$3,340$2,938$1,897
13 years$4,433$3,879$3,386$2,948$2,562$1,583
14 years$4,074$3,526$3,042$2,617$2,246$1,327
15 years$3,763$3,221$2,746$2,334$1,978$1,117
16 years$3,491$2,955$2,490$2,090$1,748$942
17 years$3,252$2,721$2,266$1,878$1,550$797
18 years$3,039$2,515$2,068$1,692$1,378$675
19 years$2,849$2,331$1,894$1,529$1,228$573
20 years$2,678$2,166$1,738$1,385$1,097$487
21 years$2,524$2,017$1,598$1,257$982$415
22 years$2,384$1,883$1,473$1,143$880$353
23 years$2,256$1,761$1,360$1,041$790$301
24 years$2,139$1,650$1,258$949$710$257
25 years$2,032$1,549$1,165$867$639$219
26 years$1,933$1,455$1,081$793$576$187
27 years$1,841$1,370$1,003$726$519$160
28 years$1,756$1,291$933$665$468$137
29 years$1,677$1,218$868$610$423$117
30 years$1,604$1,150$809$559$382$100
31 years$1,535$1,087$754$514$345$86
32 years$1,471$1,029$703$472$312$73
33 years$1,411$974$657$434$283$63
34 years$1,355$923$614$400$256$54
35 years$1,302$876$574$368$232$46
36 years$1,252$831$537$339$210$39
37 years$1,204$789$502$312$190$34
38 years$1,160$750$470$288$173$29
39 years$1,117$713$441$265$157$25
40 years$1,077$679$413$245$142$21
41 years$1,039$646$387$226$129$18
42 years$1,003$615$363$208$117$16
43 years$969$586$341$192$106$13
44 years$936$559$320$178$96$11
45 years$905$533$300$164$87$10
46 years$875$508$282$151$79$8
47 years$847$485$265$140$72$7
48 years$820$463$249$129$65$6
49 years$794$442$234$119$59$5
50 years$769$422$220$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $788,000, adding $4,183 every year, while hoping to spend $49,279 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: 51/26/23 Blend
56$788,000$788,000$788,000$788,000
57$872,691$830,927$818,713$911,396
58$909,273$819,210$793,707$926,928
59$947,934$805,267$766,212$938,438
60$988,836$788,937$736,093$949,936
61$1,032,152$770,050$703,207$961,439
62$1,078,074$748,425$667,406$972,972
63$1,126,810$723,870$628,537$984,561
64$1,178,589$696,184$586,437$996,243
65$1,233,659$665,151$540,937$1,008,059
66$1,292,295$630,546$491,861$1,020,058
67$1,354,794$592,128$439,024$1,032,299
68$1,421,485$549,645$382,233$1,044,853
69$1,492,727$502,827$321,288$1,057,800
70$1,568,912$451,393$255,978$1,071,233
71$1,650,472$395,041$186,084$1,085,261
72$1,737,879$333,457$111,376$1,100,010
73$1,831,651$266,306$31,617$1,115,623
74$1,932,359$193,234$0$1,132,264
75$2,040,626$113,869$0$1,163,250
76$2,157,138$27,817$0$1,204,800
77$2,282,648$0$0$1,249,455
78$2,417,982$0$0$1,316,253
79$2,564,050$0$0$1,397,001
80$2,721,848$0$0$1,484,299
81$2,892,475$0$0$1,578,764
82$3,077,134$0$0$1,681,070
83$3,277,152$0$0$1,791,961
84$3,493,986$0$0$1,912,256
85$3,729,238$0$0$2,042,852
86$3,984,669$0$0$2,184,738
87$4,262,219$0$0$2,339,002
88$4,564,019$0$0$2,506,842
89$4,892,414$0$0$2,689,572
90$5,249,986$0$0$2,888,643
91$5,639,575$0$0$3,105,648
92$6,064,305$0$0$3,342,342
93$6,527,617$0$0$3,600,656
94$7,033,297$0$0$3,882,716
95$7,585,511$0$0$4,190,863
96$8,188,848$0$0$4,527,671
97$8,848,359$0$0$4,895,979
98$9,569,603$0$0$5,298,908
99$10,358,704$0$0$5,739,897
100$11,222,403$0$0$6,222,733