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%13.9%
1 years$65,320$64,738$64,171$63,616$63,075$62,056
2 years$32,337$31,734$31,151$30,585$30,036$29,012
3 years$21,344$20,739$20,157$19,596$19,056$18,059
4 years$15,848$15,245$14,669$14,118$13,591$12,628
5 years$12,552$11,952$11,384$10,844$10,332$9,407
6 years$10,355$9,760$9,200$8,672$8,175$7,289
7 years$8,786$8,196$7,645$7,130$6,648$5,801
8 years$7,610$7,026$6,484$5,981$5,516$4,707
9 years$6,696$6,117$5,584$5,094$4,645$3,874
10 years$5,965$5,392$4,868$4,391$3,958$3,225
11 years$5,368$4,800$4,286$3,822$3,404$2,708
12 years$4,870$4,308$3,804$3,352$2,950$2,290
13 years$4,449$3,894$3,398$2,960$2,572$1,947
14 years$4,089$3,539$3,054$2,627$2,255$1,664
15 years$3,777$3,233$2,757$2,343$1,985$1,427
16 years$3,504$2,966$2,500$2,098$1,755$1,228
17 years$3,264$2,732$2,275$1,885$1,556$1,060
18 years$3,051$2,524$2,076$1,699$1,383$917
19 years$2,860$2,340$1,901$1,535$1,233$795
20 years$2,688$2,174$1,744$1,390$1,101$690
21 years$2,533$2,025$1,605$1,262$986$600
22 years$2,393$1,890$1,479$1,147$883$522
23 years$2,265$1,768$1,365$1,045$793$455
24 years$2,147$1,656$1,263$953$713$397
25 years$2,039$1,554$1,170$870$641$347
26 years$1,940$1,461$1,085$796$578$303
27 years$1,848$1,375$1,007$728$521$265
28 years$1,763$1,296$936$667$470$232
29 years$1,684$1,222$871$612$424$203
30 years$1,610$1,154$812$562$383$177
31 years$1,541$1,091$757$516$347$155
32 years$1,477$1,032$706$474$314$136
33 years$1,417$978$659$436$284$119
34 years$1,360$927$616$401$257$105
35 years$1,307$879$576$369$233$92
36 years$1,256$834$539$340$211$80
37 years$1,209$792$504$313$191$70
38 years$1,164$753$472$289$173$62
39 years$1,122$716$442$266$157$54
40 years$1,081$681$415$246$143$48
41 years$1,043$649$389$227$129$42
42 years$1,007$618$365$209$117$37
43 years$973$588$342$193$106$32
44 years$940$561$321$178$97$28
45 years$909$535$302$165$88$25
46 years$879$510$283$152$80$22
47 years$850$487$266$140$72$19
48 years$823$465$250$130$66$17
49 years$797$444$235$120$60$15
50 years$772$424$221$111$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $791,000, adding $6,151 every year, while hoping to spend $44,632 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: 52/21/27 Blend
56$791,000$791,000$791,000$791,000
57$878,027$836,104$823,843$916,760
58$920,097$829,585$803,954$937,778
59$964,963$821,250$781,902$955,607
60$1,012,863$810,965$757,569$974,111
61$1,064,056$798,583$730,829$993,373
62$1,118,829$783,954$701,552$1,013,487
63$1,177,496$766,914$669,600$1,034,558
64$1,240,400$747,292$634,831$1,056,706
65$1,307,919$724,907$597,095$1,080,066
66$1,380,466$699,566$556,237$1,104,789
67$1,458,495$671,067$512,093$1,131,046
68$1,542,506$639,194$464,493$1,159,027
69$1,633,046$603,719$413,258$1,188,946
70$1,730,718$564,402$358,202$1,221,044
71$1,836,181$520,988$299,132$1,255,589
72$1,950,163$473,207$235,845$1,292,881
73$2,073,462$420,777$168,128$1,333,258
74$2,206,955$363,395$95,761$1,377,093
75$2,351,608$300,745$18,512$1,424,805
76$2,508,481$232,491$0$1,476,862
77$2,678,741$158,278$0$1,552,201
78$2,863,671$77,731$0$1,639,872
79$3,064,682$0$0$1,735,259
80$3,283,327$0$0$1,841,364
81$3,521,315$0$0$1,976,477
82$3,780,524$0$0$2,123,711
83$4,063,024$0$0$2,284,250
84$4,371,091$0$0$2,459,398
85$4,707,230$0$0$2,650,589
86$5,074,200$0$0$2,859,401
87$5,475,035$0$0$3,087,574
88$5,913,079$0$0$3,337,021
89$6,392,011$0$0$3,609,848
90$6,915,881$0$0$3,908,376
91$7,489,150$0$0$4,235,159
92$8,116,730$0$0$4,593,010
93$8,804,029$0$0$4,985,027
94$9,557,003$0$0$5,414,620
95$10,382,213$0$0$5,885,548
96$11,286,881$0$0$6,401,947
97$12,278,964$0$0$6,968,374
98$13,367,225$0$0$7,589,851
99$14,561,317$0$0$8,271,905
100$15,871,872$0$0$9,020,628