Can I retire at age 57 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$65,320$64,738$64,171$63,616$63,075$61,676
2 years$32,337$31,734$31,151$30,585$30,036$28,633
3 years$21,344$20,739$20,157$19,596$19,056$17,694
4 years$15,848$15,245$14,669$14,118$13,591$12,280
5 years$12,552$11,952$11,384$10,844$10,332$9,075
6 years$10,355$9,760$9,200$8,672$8,175$6,975
7 years$8,786$8,196$7,645$7,130$6,648$5,505
8 years$7,610$7,026$6,484$5,981$5,516$4,428
9 years$6,696$6,117$5,584$5,094$4,645$3,612
10 years$5,965$5,392$4,868$4,391$3,958$2,979
11 years$5,368$4,800$4,286$3,822$3,404$2,478
12 years$4,870$4,308$3,804$3,352$2,950$2,075
13 years$4,449$3,894$3,398$2,960$2,572$1,747
14 years$4,089$3,539$3,054$2,627$2,255$1,478
15 years$3,777$3,233$2,757$2,343$1,985$1,254
16 years$3,504$2,966$2,500$2,098$1,755$1,068
17 years$3,264$2,732$2,275$1,885$1,556$912
18 years$3,051$2,524$2,076$1,699$1,383$780
19 years$2,860$2,340$1,901$1,535$1,233$669
20 years$2,688$2,174$1,744$1,390$1,101$574
21 years$2,533$2,025$1,605$1,262$986$494
22 years$2,393$1,890$1,479$1,147$883$425
23 years$2,265$1,768$1,365$1,045$793$366
24 years$2,147$1,656$1,263$953$713$315
25 years$2,039$1,554$1,170$870$641$272
26 years$1,940$1,461$1,085$796$578$235
27 years$1,848$1,375$1,007$728$521$203
28 years$1,763$1,296$936$667$470$175
29 years$1,684$1,222$871$612$424$152
30 years$1,610$1,154$812$562$383$131
31 years$1,541$1,091$757$516$347$113
32 years$1,477$1,032$706$474$314$98
33 years$1,417$978$659$436$284$85
34 years$1,360$927$616$401$257$73
35 years$1,307$879$576$369$233$64
36 years$1,256$834$539$340$211$55
37 years$1,209$792$504$313$191$48
38 years$1,164$753$472$289$173$41
39 years$1,122$716$442$266$157$36
40 years$1,081$681$415$246$143$31
41 years$1,043$649$389$227$129$27
42 years$1,007$618$365$209$117$23
43 years$973$588$342$193$106$20
44 years$940$561$321$178$97$17
45 years$909$535$302$165$88$15
46 years$879$510$283$152$80$13
47 years$850$487$266$140$72$11
48 years$823$465$250$130$66$10
49 years$797$444$235$120$60$9
50 years$772$424$221$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $791,000, adding $5,695 every year, while hoping to spend $44,503 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: 42/31/27 Blend
56$791,000$791,000$791,000$791,000
57$877,556$835,633$823,373$907,272
58$919,716$829,229$803,605$922,756
59$964,685$821,018$781,683$934,883
60$1,012,702$810,867$757,489$947,158
61$1,064,030$798,632$730,897$959,621
62$1,118,956$784,160$701,777$972,321
63$1,177,796$767,290$669,993$985,313
64$1,240,896$747,852$635,403$998,662
65$1,308,635$725,665$597,857$1,012,443
66$1,381,431$700,538$557,200$1,026,744
67$1,459,740$672,268$513,269$1,041,665
68$1,544,065$640,640$465,896$1,057,322
69$1,634,958$605,429$414,901$1,073,847
70$1,733,023$566,395$360,100$1,091,390
71$1,838,927$523,284$301,299$1,110,125
72$1,953,401$475,828$238,296$1,130,245
73$2,077,249$423,745$170,879$1,151,972
74$2,211,354$366,734$98,830$1,175,556
75$2,356,688$304,480$21,916$1,201,280
76$2,514,319$236,649$0$1,229,463
77$2,685,422$162,887$0$1,277,796
78$2,871,288$82,821$0$1,337,216
79$3,073,340$0$0$1,401,932
80$3,293,139$0$0$1,473,875
81$3,532,408$0$0$1,583,033
82$3,793,038$0$0$1,702,028
83$4,077,112$0$0$1,831,822
84$4,386,923$0$0$1,973,475
85$4,724,995$0$0$2,128,154
86$5,094,103$0$0$2,297,141
87$5,497,306$0$0$2,481,850
88$5,937,970$0$0$2,683,838
89$6,419,799$0$0$2,904,816
90$6,946,874$0$0$3,146,672
91$7,523,686$0$0$3,411,482
92$8,155,183$0$0$3,701,534
93$8,846,810$0$0$4,019,347
94$9,604,568$0$0$4,367,696
95$10,435,061$0$0$4,749,634
96$11,345,566$0$0$5,168,528
97$12,344,095$0$0$5,628,083
98$13,439,474$0$0$6,132,383
99$14,641,425$0$0$6,685,924
100$15,960,655$0$0$7,293,659