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%19.5%
1 years$65,072$64,493$63,927$63,375$62,836$60,439
2 years$32,214$31,614$31,033$30,469$29,922$27,535
3 years$21,263$20,660$20,080$19,522$18,984$16,682
4 years$15,788$15,187$14,613$14,064$13,539$11,340
5 years$12,504$11,907$11,340$10,803$10,292$8,202
6 years$10,316$9,723$9,165$8,639$8,144$6,164
7 years$8,753$8,165$7,616$7,103$6,623$4,752
8 years$7,582$6,999$6,459$5,958$5,495$3,731
9 years$6,671$6,094$5,563$5,075$4,627$2,969
10 years$5,943$5,372$4,850$4,375$3,943$2,386
11 years$5,348$4,782$4,270$3,807$3,391$1,933
12 years$4,852$4,292$3,789$3,340$2,938$1,576
13 years$4,433$3,879$3,386$2,948$2,562$1,290
14 years$4,074$3,526$3,042$2,617$2,246$1,061
15 years$3,763$3,221$2,746$2,334$1,978$875
16 years$3,491$2,955$2,490$2,090$1,748$723
17 years$3,252$2,721$2,266$1,878$1,550$599
18 years$3,039$2,515$2,068$1,692$1,378$497
19 years$2,849$2,331$1,894$1,529$1,228$413
20 years$2,678$2,166$1,738$1,385$1,097$344
21 years$2,524$2,017$1,598$1,257$982$286
22 years$2,384$1,883$1,473$1,143$880$239
23 years$2,256$1,761$1,360$1,041$790$199
24 years$2,139$1,650$1,258$949$710$166
25 years$2,032$1,549$1,165$867$639$139
26 years$1,933$1,455$1,081$793$576$116
27 years$1,841$1,370$1,003$726$519$97
28 years$1,756$1,291$933$665$468$81
29 years$1,677$1,218$868$610$423$68
30 years$1,604$1,150$809$559$382$57
31 years$1,535$1,087$754$514$345$47
32 years$1,471$1,029$703$472$312$40
33 years$1,411$974$657$434$283$33
34 years$1,355$923$614$400$256$28
35 years$1,302$876$574$368$232$23
36 years$1,252$831$537$339$210$19
37 years$1,204$789$502$312$190$16
38 years$1,160$750$470$288$173$14
39 years$1,117$713$441$265$157$11
40 years$1,077$679$413$245$142$9
41 years$1,039$646$387$226$129$8
42 years$1,003$615$363$208$117$7
43 years$969$586$341$192$106$6
44 years$936$559$320$178$96$5
45 years$905$533$300$164$87$4
46 years$875$508$282$151$79$3
47 years$847$485$265$140$72$3
48 years$820$463$249$129$65$2
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $788,000, adding $5,840 every year, while hoping to spend $57,561 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: 53/33/14 Blend
56$788,000$788,000$788,000$788,000
57$874,400$832,636$820,422$917,191
58$902,344$812,191$786,662$926,590
59$931,210$788,814$749,841$930,174
60$961,030$762,303$709,797$932,768
61$991,838$732,439$666,359$934,293
62$1,023,672$698,995$619,349$934,665
63$1,056,569$661,728$568,579$933,796
64$1,090,569$620,383$513,856$931,592
65$1,125,713$574,687$454,976$927,955
66$1,162,044$524,356$391,727$922,779
67$1,199,609$469,085$323,886$915,956
68$1,238,455$408,557$251,222$907,368
69$1,278,633$342,431$173,493$896,895
70$1,320,195$270,352$90,447$884,405
71$1,363,198$191,942$1,820$869,764
72$1,407,700$106,803$0$852,829
73$1,453,762$14,514$0$847,305
74$1,501,452$0$0$840,367
75$1,550,836$0$0$862,622
76$1,601,990$0$0$891,139
77$1,654,990$0$0$920,692
78$1,709,917$0$0$951,327
79$1,766,861$0$0$983,093
80$1,825,912$0$0$1,016,043
81$1,887,170$0$0$1,050,234
82$1,950,739$0$0$1,085,724
83$2,016,730$0$0$1,122,578
84$2,085,265$0$0$1,160,864
85$2,156,468$0$0$1,200,654
86$2,230,478$0$0$1,242,026
87$2,307,438$0$0$1,285,064
88$2,387,507$0$0$1,329,856
89$2,470,851$0$0$1,376,499
90$2,557,650$0$0$1,425,097
91$2,648,099$0$0$1,475,759
92$2,742,404$0$0$1,528,606
93$2,840,791$0$0$1,583,766
94$2,943,501$0$0$1,641,379
95$3,050,795$0$0$1,701,595
96$3,162,956$0$0$1,764,575
97$3,280,287$0$0$1,830,497
98$3,403,121$0$0$1,899,549
99$3,531,812$0$0$1,971,938
100$3,666,750$0$0$2,047,888