Can I retire at age 57 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$65,237$64,656$64,089$63,536$62,996$60,785
2 years$32,296$31,694$31,111$30,546$29,998$27,794
3 years$21,317$20,713$20,131$19,571$19,032$16,904
4 years$15,828$15,226$14,650$14,100$13,574$11,538
5 years$12,536$11,937$11,369$10,830$10,319$8,380
6 years$10,342$9,748$9,188$8,661$8,165$6,325
7 years$8,775$8,186$7,635$7,121$6,640$4,899
8 years$7,601$7,017$6,475$5,973$5,509$3,865
9 years$6,688$6,110$5,577$5,088$4,639$3,091
10 years$5,958$5,385$4,862$4,386$3,953$2,497
11 years$5,361$4,794$4,281$3,817$3,399$2,033
12 years$4,864$4,303$3,799$3,348$2,946$1,666
13 years$4,444$3,889$3,394$2,956$2,569$1,372
14 years$4,084$3,535$3,050$2,624$2,252$1,134
15 years$3,772$3,229$2,753$2,340$1,983$941
16 years$3,500$2,963$2,496$2,095$1,752$782
17 years$3,260$2,728$2,272$1,883$1,554$652
18 years$3,047$2,521$2,074$1,697$1,382$544
19 years$2,856$2,337$1,898$1,533$1,231$455
20 years$2,685$2,171$1,742$1,388$1,100$381
21 years$2,530$2,022$1,603$1,260$984$319
22 years$2,390$1,888$1,477$1,146$882$268
23 years$2,262$1,766$1,364$1,043$792$225
24 years$2,144$1,654$1,261$952$712$189
25 years$2,037$1,553$1,168$869$641$159
26 years$1,938$1,459$1,083$795$577$133
27 years$1,846$1,373$1,006$727$520$112
28 years$1,761$1,294$935$666$469$94
29 years$1,682$1,221$870$611$424$79
30 years$1,608$1,153$811$561$383$67
31 years$1,539$1,090$756$515$346$56
32 years$1,475$1,031$705$473$313$47
33 years$1,415$977$658$435$283$40
34 years$1,358$926$615$401$257$34
35 years$1,305$878$575$369$232$28
36 years$1,255$833$538$340$211$24
37 years$1,207$791$504$313$191$20
38 years$1,163$752$472$288$173$17
39 years$1,120$715$442$266$157$14
40 years$1,080$680$414$245$142$12
41 years$1,042$648$388$226$129$10
42 years$1,006$617$364$209$117$8
43 years$971$588$342$193$106$7
44 years$939$560$321$178$97$6
45 years$907$534$301$164$88$5
46 years$878$510$283$152$80$4
47 years$849$486$266$140$72$4
48 years$822$464$250$130$66$3
49 years$796$443$235$120$60$3
50 years$771$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $790,000, adding $6,633 every year, while hoping to spend $34,084 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: 35/46/19 Blend
56$790,000$790,000$790,000$790,000
57$877,422$835,552$823,307$902,836
58$930,654$840,229$814,623$926,704
59$988,173$843,993$804,505$948,792
60$1,050,381$846,762$792,870$971,913
61$1,117,719$848,453$779,630$996,180
62$1,190,671$848,972$764,693$1,021,716
63$1,269,771$848,223$747,962$1,048,662
64$1,355,606$846,104$729,336$1,077,174
65$1,448,819$842,505$708,711$1,107,429
66$1,550,121$837,310$685,975$1,139,621
67$1,660,292$830,397$661,014$1,173,971
68$1,780,190$821,634$633,706$1,210,723
69$1,910,760$810,885$603,926$1,250,150
70$2,053,041$798,002$571,541$1,292,556
71$2,208,178$782,831$536,414$1,338,281
72$2,377,429$765,206$498,400$1,387,702
73$2,562,180$744,954$457,350$1,441,241
74$2,763,956$721,891$413,106$1,499,367
75$2,984,438$695,822$365,502$1,562,601
76$3,225,473$666,540$314,369$1,631,523
77$3,489,097$633,826$259,527$1,706,777
78$3,777,552$597,451$200,788$1,789,080
79$4,093,305$557,168$137,957$1,879,227
80$4,439,073$512,721$70,830$1,978,103
81$4,817,850$463,836$0$2,086,687
82$5,232,931$410,224$0$2,206,233
83$5,687,946$351,581$0$2,353,117
84$6,186,892$287,583$0$2,514,352
85$6,734,171$217,892$0$2,691,472
86$7,334,634$142,146$0$2,886,172
87$7,993,622$59,966$0$3,100,330
88$8,717,018$0$0$3,336,021
89$9,511,304$0$0$3,610,244
90$10,383,620$0$0$3,944,861
91$11,341,830$0$0$4,312,549
92$12,394,599$0$0$4,716,649
93$13,551,471$0$0$5,160,840
94$14,822,961$0$0$5,649,176
95$16,220,655$0$0$6,186,124
96$17,757,314$0$0$6,776,602
97$19,447,000$0$0$7,426,034
98$21,305,206$0$0$8,140,392
99$23,348,998$0$0$8,926,256
100$25,597,184$0$0$9,790,878