Can I retire at age 57 with 788,000?

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 $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%16.5%
1 years$65,072$64,493$63,927$63,375$62,836$61,168
2 years$32,214$31,614$31,033$30,469$29,922$28,253
3 years$21,263$20,660$20,080$19,522$18,984$17,366
4 years$15,788$15,187$14,613$14,064$13,539$11,986
5 years$12,504$11,907$11,340$10,803$10,292$8,807
6 years$10,316$9,723$9,165$8,639$8,144$6,728
7 years$8,753$8,165$7,616$7,103$6,623$5,277
8 years$7,582$6,999$6,459$5,958$5,495$4,217
9 years$6,671$6,094$5,563$5,075$4,627$3,418
10 years$5,943$5,372$4,850$4,375$3,943$2,799
11 years$5,348$4,782$4,270$3,807$3,391$2,312
12 years$4,852$4,292$3,789$3,340$2,938$1,922
13 years$4,433$3,879$3,386$2,948$2,562$1,607
14 years$4,074$3,526$3,042$2,617$2,246$1,349
15 years$3,763$3,221$2,746$2,334$1,978$1,136
16 years$3,491$2,955$2,490$2,090$1,748$960
17 years$3,252$2,721$2,266$1,878$1,550$813
18 years$3,039$2,515$2,068$1,692$1,378$690
19 years$2,849$2,331$1,894$1,529$1,228$587
20 years$2,678$2,166$1,738$1,385$1,097$499
21 years$2,524$2,017$1,598$1,257$982$426
22 years$2,384$1,883$1,473$1,143$880$363
23 years$2,256$1,761$1,360$1,041$790$310
24 years$2,139$1,650$1,258$949$710$265
25 years$2,032$1,549$1,165$867$639$227
26 years$1,933$1,455$1,081$793$576$194
27 years$1,841$1,370$1,003$726$519$166
28 years$1,756$1,291$933$665$468$142
29 years$1,677$1,218$868$610$423$122
30 years$1,604$1,150$809$559$382$104
31 years$1,535$1,087$754$514$345$89
32 years$1,471$1,029$703$472$312$77
33 years$1,411$974$657$434$283$66
34 years$1,355$923$614$400$256$56
35 years$1,302$876$574$368$232$48
36 years$1,252$831$537$339$210$42
37 years$1,204$789$502$312$190$36
38 years$1,160$750$470$288$173$31
39 years$1,117$713$441$265$157$26
40 years$1,077$679$413$245$142$22
41 years$1,039$646$387$226$129$19
42 years$1,003$615$363$208$117$17
43 years$969$586$341$192$106$14
44 years$936$559$320$178$96$12
45 years$905$533$300$164$87$10
46 years$875$508$282$151$79$9
47 years$847$485$265$140$72$8
48 years$820$463$249$129$65$7
49 years$794$442$234$119$59$6
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 $2,921 every year, while hoping to spend $54,330 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: 34/41/25 Blend
56$788,000$788,000$788,000$788,000
57$871,389$829,625$817,411$894,314
58$902,464$812,470$786,988$894,559
59$934,888$792,653$753,724$889,705
60$968,740$769,987$717,468$883,391
61$1,004,109$744,274$678,060$875,524
62$1,041,086$715,301$635,333$866,004
63$1,079,773$682,848$589,113$854,730
64$1,120,281$646,678$539,219$841,594
65$1,162,727$606,542$485,460$826,484
66$1,207,239$562,177$427,638$809,284
67$1,253,959$513,305$365,545$789,874
68$1,303,036$459,631$298,964$768,127
69$1,354,637$400,844$227,670$743,913
70$1,408,939$336,614$151,427$717,097
71$1,466,139$266,596$69,987$687,539
72$1,526,448$190,422$0$655,095
73$1,590,097$107,704$0$624,129
74$1,657,339$18,034$0$610,191
75$1,728,448$0$0$594,508
76$1,803,726$0$0$612,648
77$1,883,500$0$0$640,547
78$1,968,128$0$0$670,203
79$2,058,003$0$0$701,760
80$2,153,552$0$0$735,377
81$2,255,244$0$0$771,226
82$2,363,593$0$0$809,499
83$2,479,161$0$0$850,403
84$2,602,563$0$0$894,166
85$2,734,473$0$0$941,040
86$2,875,631$0$0$991,299
87$3,026,848$0$0$1,045,243
88$3,189,014$0$0$1,103,204
89$3,363,103$0$0$1,165,545
90$3,550,186$0$0$1,232,663
91$3,751,440$0$0$1,304,997
92$3,968,154$0$0$1,383,027
93$4,201,746$0$0$1,467,281
94$4,453,773$0$0$1,558,339
95$4,725,945$0$0$1,656,838
96$5,020,142$0$0$1,763,481
97$5,338,431$0$0$1,879,037
98$5,683,081$0$0$2,004,354
99$6,056,589$0$0$2,140,363
100$6,461,701$0$0$2,288,090