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%20%
1 years$65,072$64,493$63,927$63,375$62,836$60,319
2 years$32,214$31,614$31,033$30,469$29,922$27,418
3 years$21,263$20,660$20,080$19,522$18,984$16,571
4 years$15,788$15,187$14,613$14,064$13,539$11,237
5 years$12,504$11,907$11,340$10,803$10,292$8,106
6 years$10,316$9,723$9,165$8,639$8,144$6,075
7 years$8,753$8,165$7,616$7,103$6,623$4,670
8 years$7,582$6,999$6,459$5,958$5,495$3,656
9 years$6,671$6,094$5,563$5,075$4,627$2,900
10 years$5,943$5,372$4,850$4,375$3,943$2,324
11 years$5,348$4,782$4,270$3,807$3,391$1,876
12 years$4,852$4,292$3,789$3,340$2,938$1,524
13 years$4,433$3,879$3,386$2,948$2,562$1,244
14 years$4,074$3,526$3,042$2,617$2,246$1,019
15 years$3,763$3,221$2,746$2,334$1,978$837
16 years$3,491$2,955$2,490$2,090$1,748$690
17 years$3,252$2,721$2,266$1,878$1,550$569
18 years$3,039$2,515$2,068$1,692$1,378$471
19 years$2,849$2,331$1,894$1,529$1,228$390
20 years$2,678$2,166$1,738$1,385$1,097$323
21 years$2,524$2,017$1,598$1,257$982$268
22 years$2,384$1,883$1,473$1,143$880$223
23 years$2,256$1,761$1,360$1,041$790$185
24 years$2,139$1,650$1,258$949$710$154
25 years$2,032$1,549$1,165$867$639$128
26 years$1,933$1,455$1,081$793$576$106
27 years$1,841$1,370$1,003$726$519$88
28 years$1,756$1,291$933$665$468$74
29 years$1,677$1,218$868$610$423$61
30 years$1,604$1,150$809$559$382$51
31 years$1,535$1,087$754$514$345$43
32 years$1,471$1,029$703$472$312$35
33 years$1,411$974$657$434$283$29
34 years$1,355$923$614$400$256$25
35 years$1,302$876$574$368$232$20
36 years$1,252$831$537$339$210$17
37 years$1,204$789$502$312$190$14
38 years$1,160$750$470$288$173$12
39 years$1,117$713$441$265$157$10
40 years$1,077$679$413$245$142$8
41 years$1,039$646$387$226$129$7
42 years$1,003$615$363$208$117$6
43 years$969$586$341$192$106$5
44 years$936$559$320$178$96$4
45 years$905$533$300$164$87$3
46 years$875$508$282$151$79$3
47 years$847$485$265$140$72$2
48 years$820$463$249$129$65$2
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $788,000, adding $4,240 every year, while hoping to spend $46,780 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: 71/15/14 Blend
56$788,000$788,000$788,000$788,000
57$872,750$830,986$818,772$931,711
58$911,996$821,930$796,427$962,334
59$953,679$810,863$771,766$989,770
60$997,995$797,637$744,661$1,018,578
61$1,045,164$782,094$714,980$1,048,884
62$1,095,423$764,069$682,585$1,080,829
63$1,149,034$743,386$647,329$1,114,570
64$1,206,281$719,859$609,061$1,150,277
65$1,267,480$693,290$567,622$1,188,143
66$1,332,973$663,471$522,848$1,228,381
67$1,403,137$630,182$474,564$1,271,224
68$1,478,385$593,189$422,590$1,316,933
69$1,559,170$552,245$366,736$1,365,798
70$1,645,990$507,089$306,807$1,418,137
71$1,739,391$457,447$242,594$1,474,306
72$1,839,973$403,025$173,885$1,534,696
73$1,948,393$343,516$100,453$1,599,742
74$2,065,375$278,595$22,065$1,669,925
75$2,191,715$207,918$0$1,745,778
76$2,328,285$131,120$0$1,837,089
77$2,476,045$47,820$0$1,939,427
78$2,636,050$0$0$2,050,254
79$2,809,460$0$0$2,177,406
80$2,997,551$0$0$2,323,918
81$3,201,725$0$0$2,482,993
82$3,423,525$0$0$2,655,838
83$3,664,649$0$0$2,843,779
84$3,926,963$0$0$3,048,278
85$4,212,521$0$0$3,270,941
86$4,523,584$0$0$3,513,534
87$4,862,638$0$0$3,778,004
88$5,232,423$0$0$4,066,493
89$5,635,950$0$0$4,381,355
90$6,076,536$0$0$4,725,186
91$6,557,832$0$0$5,100,842
92$7,083,857$0$0$5,511,465
93$7,659,036$0$0$5,960,517
94$8,288,241$0$0$6,451,810
95$8,976,836$0$0$6,989,539
96$9,730,729$0$0$7,578,325
97$10,556,424$0$0$8,223,256
98$11,461,084$0$0$8,929,937
99$12,452,599$0$0$9,704,539
100$13,539,657$0$0$10,553,858