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%17.2%
1 years$65,320$64,738$64,171$63,616$63,075$61,228
2 years$32,337$31,734$31,151$30,585$30,036$28,190
3 years$21,344$20,739$20,157$19,596$19,056$17,269
4 years$15,848$15,245$14,669$14,118$13,591$11,876
5 years$12,552$11,952$11,384$10,844$10,332$8,695
6 years$10,355$9,760$9,200$8,672$8,175$6,617
7 years$8,786$8,196$7,645$7,130$6,648$5,169
8 years$7,610$7,026$6,484$5,981$5,516$4,114
9 years$6,696$6,117$5,584$5,094$4,645$3,320
10 years$5,965$5,392$4,868$4,391$3,958$2,708
11 years$5,368$4,800$4,286$3,822$3,404$2,226
12 years$4,870$4,308$3,804$3,352$2,950$1,842
13 years$4,449$3,894$3,398$2,960$2,572$1,533
14 years$4,089$3,539$3,054$2,627$2,255$1,280
15 years$3,777$3,233$2,757$2,343$1,985$1,073
16 years$3,504$2,966$2,500$2,098$1,755$902
17 years$3,264$2,732$2,275$1,885$1,556$760
18 years$3,051$2,524$2,076$1,699$1,383$642
19 years$2,860$2,340$1,901$1,535$1,233$543
20 years$2,688$2,174$1,744$1,390$1,101$460
21 years$2,533$2,025$1,605$1,262$986$390
22 years$2,393$1,890$1,479$1,147$883$331
23 years$2,265$1,768$1,365$1,045$793$281
24 years$2,147$1,656$1,263$953$713$239
25 years$2,039$1,554$1,170$870$641$203
26 years$1,940$1,461$1,085$796$578$173
27 years$1,848$1,375$1,007$728$521$147
28 years$1,763$1,296$936$667$470$125
29 years$1,684$1,222$871$612$424$107
30 years$1,610$1,154$812$562$383$91
31 years$1,541$1,091$757$516$347$77
32 years$1,477$1,032$706$474$314$66
33 years$1,417$978$659$436$284$56
34 years$1,360$927$616$401$257$48
35 years$1,307$879$576$369$233$41
36 years$1,256$834$539$340$211$35
37 years$1,209$792$504$313$191$30
38 years$1,164$753$472$289$173$25
39 years$1,122$716$442$266$157$22
40 years$1,081$681$415$246$143$18
41 years$1,043$649$389$227$129$16
42 years$1,007$618$365$209$117$13
43 years$973$588$342$193$106$11
44 years$940$561$321$178$97$10
45 years$909$535$302$165$88$8
46 years$879$510$283$152$80$7
47 years$850$487$266$140$72$6
48 years$823$465$250$130$66$5
49 years$797$444$235$120$60$4
50 years$772$424$221$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $791,000, adding $5,594 every year, while hoping to spend $56,549 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: 44/38/18 Blend
56$791,000$791,000$791,000$791,000
57$877,452$835,529$823,269$911,269
58$906,785$816,302$790,681$916,350
59$937,214$794,238$755,105$915,823
60$968,792$769,138$716,383$914,061
61$1,001,574$740,791$674,348$910,978
62$1,035,620$708,975$628,824$906,479
63$1,070,993$673,455$579,629$900,469
64$1,107,760$633,981$526,573$892,846
65$1,145,996$590,290$469,457$883,503
66$1,185,776$542,103$408,073$872,327
67$1,227,185$489,125$342,203$859,203
68$1,270,312$431,047$271,621$844,007
69$1,315,254$367,538$196,090$826,611
70$1,362,114$298,251$115,363$806,882
71$1,411,004$222,820$29,182$784,678
72$1,462,044$140,856$0$759,854
73$1,515,364$51,950$0$744,316
74$1,571,106$0$0$732,613
75$1,629,419$0$0$737,562
76$1,690,470$0$0$765,510
77$1,754,436$0$0$794,820
78$1,821,509$0$0$825,582
79$1,891,900$0$0$857,898
80$1,965,836$0$0$891,875
81$2,043,563$0$0$927,632
82$2,125,351$0$0$965,297
83$2,211,491$0$0$1,005,010
84$2,302,302$0$0$1,046,922
85$2,398,131$0$0$1,091,201
86$2,499,356$0$0$1,138,028
87$2,606,390$0$0$1,187,599
88$2,719,682$0$0$1,240,133
89$2,839,724$0$0$1,295,863
90$2,967,053$0$0$1,355,049
91$3,102,256$0$0$1,417,973
92$3,245,977$0$0$1,484,943
93$3,398,916$0$0$1,556,298
94$3,561,843$0$0$1,632,407
95$3,735,601$0$0$1,713,677
96$3,921,111$0$0$1,800,551
97$4,119,384$0$0$1,893,517
98$4,331,528$0$0$1,993,109
99$4,558,757$0$0$2,099,913
100$4,802,405$0$0$2,214,571