Can I retire at age 57 with 790,000?

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 $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%19.2%
1 years$65,237$64,656$64,089$63,536$62,996$60,664
2 years$32,296$31,694$31,111$30,546$29,998$27,675
3 years$21,317$20,713$20,131$19,571$19,032$16,791
4 years$15,828$15,226$14,650$14,100$13,574$11,432
5 years$12,536$11,937$11,369$10,830$10,319$8,281
6 years$10,342$9,748$9,188$8,661$8,165$6,234
7 years$8,775$8,186$7,635$7,121$6,640$4,814
8 years$7,601$7,017$6,475$5,973$5,509$3,787
9 years$6,688$6,110$5,577$5,088$4,639$3,019
10 years$5,958$5,385$4,862$4,386$3,953$2,431
11 years$5,361$4,794$4,281$3,817$3,399$1,973
12 years$4,864$4,303$3,799$3,348$2,946$1,611
13 years$4,444$3,889$3,394$2,956$2,569$1,322
14 years$4,084$3,535$3,050$2,624$2,252$1,089
15 years$3,772$3,229$2,753$2,340$1,983$900
16 years$3,500$2,963$2,496$2,095$1,752$746
17 years$3,260$2,728$2,272$1,883$1,554$620
18 years$3,047$2,521$2,074$1,697$1,382$515
19 years$2,856$2,337$1,898$1,533$1,231$429
20 years$2,685$2,171$1,742$1,388$1,100$358
21 years$2,530$2,022$1,603$1,260$984$299
22 years$2,390$1,888$1,477$1,146$882$250
23 years$2,262$1,766$1,364$1,043$792$209
24 years$2,144$1,654$1,261$952$712$175
25 years$2,037$1,553$1,168$869$641$146
26 years$1,938$1,459$1,083$795$577$122
27 years$1,846$1,373$1,006$727$520$102
28 years$1,761$1,294$935$666$469$86
29 years$1,682$1,221$870$611$424$72
30 years$1,608$1,153$811$561$383$60
31 years$1,539$1,090$756$515$346$51
32 years$1,475$1,031$705$473$313$42
33 years$1,415$977$658$435$283$36
34 years$1,358$926$615$401$257$30
35 years$1,305$878$575$369$232$25
36 years$1,255$833$538$340$211$21
37 years$1,207$791$504$313$191$18
38 years$1,163$752$472$288$173$15
39 years$1,120$715$442$266$157$12
40 years$1,080$680$414$245$142$10
41 years$1,042$648$388$226$129$9
42 years$1,006$617$364$209$117$7
43 years$971$588$342$193$106$6
44 years$939$560$321$178$97$5
45 years$907$534$301$164$88$4
46 years$878$510$283$152$80$4
47 years$849$486$266$140$72$3
48 years$822$464$250$130$66$3
49 years$796$443$235$120$60$2
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 $5,476 every year, while hoping to spend $58,314 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: 47/33/20 Blend
56$790,000$790,000$790,000$790,000
57$876,228$834,358$822,113$912,195
58$903,558$813,196$787,609$916,685
59$931,721$789,043$749,993$915,274
60$960,740$761,690$709,102$912,526
61$990,640$730,917$664,761$908,342
62$1,021,445$696,492$616,790$902,616
63$1,053,179$658,166$565,000$895,237
64$1,085,868$615,681$509,192$886,087
65$1,119,537$568,760$449,160$875,041
66$1,154,212$517,111$384,689$861,967
67$1,189,919$460,427$315,553$846,725
68$1,226,684$398,381$241,518$829,169
69$1,264,534$330,630$162,337$809,142
70$1,303,496$256,811$77,755$786,479
71$1,343,596$176,538$0$761,007
72$1,384,862$89,407$0$735,210
73$1,427,320$0$0$724,106
74$1,470,996$0$0$712,760
75$1,515,916$0$0$734,479
76$1,562,108$0$0$756,807
77$1,609,595$0$0$779,757
78$1,658,403$0$0$803,338
79$1,708,555$0$0$827,562
80$1,760,074$0$0$852,438
81$1,812,982$0$0$877,977
82$1,867,297$0$0$904,186
83$1,923,038$0$0$931,074
84$1,980,221$0$0$958,645
85$2,038,859$0$0$986,906
86$2,098,963$0$0$1,015,860
87$2,160,540$0$0$1,045,508
88$2,223,593$0$0$1,075,850
89$2,288,123$0$0$1,106,883
90$2,354,122$0$0$1,138,603
91$2,421,581$0$0$1,171,000
92$2,490,482$0$0$1,204,065
93$2,560,800$0$0$1,237,781
94$2,632,504$0$0$1,272,130
95$2,705,553$0$0$1,307,088
96$2,779,896$0$0$1,342,624
97$2,855,470$0$0$1,378,706
98$2,932,202$0$0$1,415,290
99$3,010,002$0$0$1,452,328
100$3,088,768$0$0$1,489,764