Can I retire at age 57 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$65,155$64,575$64,008$63,456$62,916$61,420
2 years$32,255$31,654$31,072$30,508$29,960$28,462
3 years$21,290$20,686$20,106$19,546$19,008$17,554
4 years$15,808$15,207$14,632$14,082$13,557$12,158
5 years$12,520$11,922$11,355$10,816$10,305$8,966
6 years$10,329$9,735$9,176$8,650$8,154$6,876
7 years$8,764$8,176$7,626$7,112$6,632$5,415
8 years$7,591$7,008$6,467$5,966$5,502$4,345
9 years$6,679$6,102$5,570$5,082$4,633$3,536
10 years$5,950$5,378$4,856$4,380$3,948$2,909
11 years$5,354$4,788$4,275$3,812$3,395$2,413
12 years$4,858$4,298$3,794$3,344$2,942$2,016
13 years$4,438$3,884$3,390$2,952$2,566$1,693
14 years$4,079$3,530$3,046$2,621$2,249$1,428
15 years$3,768$3,225$2,750$2,337$1,980$1,209
16 years$3,496$2,959$2,493$2,093$1,750$1,026
17 years$3,256$2,725$2,269$1,880$1,552$874
18 years$3,043$2,518$2,071$1,694$1,380$745
19 years$2,853$2,334$1,896$1,531$1,230$637
20 years$2,682$2,169$1,740$1,387$1,098$545
21 years$2,527$2,020$1,600$1,258$983$467
22 years$2,387$1,885$1,475$1,144$881$401
23 years$2,259$1,763$1,362$1,042$791$344
24 years$2,142$1,652$1,260$950$711$296
25 years$2,034$1,551$1,167$868$640$254
26 years$1,935$1,457$1,082$794$576$219
27 years$1,843$1,371$1,005$726$520$188
28 years$1,759$1,292$934$666$469$162
29 years$1,680$1,219$869$610$423$140
30 years$1,606$1,151$810$560$382$121
31 years$1,537$1,088$755$514$346$104
32 years$1,473$1,030$704$473$313$90
33 years$1,413$975$658$435$283$77
34 years$1,356$924$614$400$256$67
35 years$1,303$877$574$368$232$58
36 years$1,253$832$537$339$210$50
37 years$1,206$790$503$312$191$43
38 years$1,161$751$471$288$173$37
39 years$1,119$714$441$266$157$32
40 years$1,079$680$414$245$142$28
41 years$1,041$647$388$226$129$24
42 years$1,005$616$364$209$117$21
43 years$970$587$341$193$106$18
44 years$937$560$320$178$96$15
45 years$906$534$301$164$88$13
46 years$877$509$283$152$79$11
47 years$848$486$265$140$72$10
48 years$821$464$249$129$66$8
49 years$795$443$234$120$60$7
50 years$770$423$220$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $789,000, adding $6,557 every year, while hoping to spend $41,945 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: 76/5/19 Blend
56$789,000$789,000$789,000$789,000
57$876,242$834,425$822,195$938,502
58$920,989$830,682$805,109$976,864
59$968,895$825,351$786,046$1,013,085
60$1,020,237$818,308$764,893$1,051,687
61$1,075,320$809,424$741,536$1,092,897
62$1,134,479$798,562$715,854$1,136,964
63$1,198,081$785,576$687,720$1,184,164
64$1,266,528$770,313$657,001$1,234,799
65$1,340,264$752,608$623,561$1,289,205
66$1,419,774$732,289$587,253$1,347,752
67$1,505,593$709,172$547,928$1,410,847
68$1,598,306$683,065$505,426$1,478,942
69$1,698,559$653,761$459,584$1,552,533
70$1,807,061$621,043$410,228$1,632,168
71$1,924,590$584,683$357,180$1,718,453
72$2,052,003$544,438$300,250$1,812,056
73$2,190,242$500,050$239,244$1,913,713
74$2,340,343$451,249$173,954$2,024,239
75$2,503,445$397,747$104,169$2,144,530
76$2,680,802$339,242$29,664$2,275,577
77$2,873,792$275,414$0$2,418,472
78$3,083,933$205,923$0$2,584,525
79$3,312,894$130,414$0$2,772,037
80$3,562,513$48,508$0$2,976,505
81$3,834,812$0$0$3,199,603
82$4,132,017$0$0$3,445,382
83$4,456,577$0$0$3,716,727
84$4,811,189$0$0$4,013,226
85$5,198,824$0$0$4,337,366
86$5,622,749$0$0$4,691,884
87$6,086,564$0$0$5,079,794
88$6,594,233$0$0$5,504,416
89$7,150,120$0$0$5,969,403
90$7,759,030$0$0$6,478,780
91$8,426,256$0$0$7,036,979
92$9,157,627$0$0$7,648,881
93$9,959,563$0$0$8,319,863
94$10,839,133$0$0$9,055,844
95$11,804,127$0$0$9,863,348
96$12,863,120$0$0$10,749,557
97$14,025,563$0$0$11,722,383
98$15,301,863$0$0$12,790,544
99$16,703,484$0$0$13,963,640
100$18,243,057$0$0$15,252,249