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%18.1%
1 years$65,320$64,738$64,171$63,616$63,075$61,008
2 years$32,337$31,734$31,151$30,585$30,036$27,972
3 years$21,344$20,739$20,157$19,596$19,056$17,061
4 years$15,848$15,245$14,669$14,118$13,591$11,681
5 years$12,552$11,952$11,384$10,844$10,332$8,511
6 years$10,355$9,760$9,200$8,672$8,175$6,445
7 years$8,786$8,196$7,645$7,130$6,648$5,009
8 years$7,610$7,026$6,484$5,981$5,516$3,966
9 years$6,696$6,117$5,584$5,094$4,645$3,183
10 years$5,965$5,392$4,868$4,391$3,958$2,581
11 years$5,368$4,800$4,286$3,822$3,404$2,110
12 years$4,870$4,308$3,804$3,352$2,950$1,736
13 years$4,449$3,894$3,398$2,960$2,572$1,435
14 years$4,089$3,539$3,054$2,627$2,255$1,191
15 years$3,777$3,233$2,757$2,343$1,985$992
16 years$3,504$2,966$2,500$2,098$1,755$829
17 years$3,264$2,732$2,275$1,885$1,556$694
18 years$3,051$2,524$2,076$1,699$1,383$582
19 years$2,860$2,340$1,901$1,535$1,233$489
20 years$2,688$2,174$1,744$1,390$1,101$411
21 years$2,533$2,025$1,605$1,262$986$346
22 years$2,393$1,890$1,479$1,147$883$292
23 years$2,265$1,768$1,365$1,045$793$246
24 years$2,147$1,656$1,263$953$713$208
25 years$2,039$1,554$1,170$870$641$175
26 years$1,940$1,461$1,085$796$578$148
27 years$1,848$1,375$1,007$728$521$125
28 years$1,763$1,296$936$667$470$106
29 years$1,684$1,222$871$612$424$89
30 years$1,610$1,154$812$562$383$76
31 years$1,541$1,091$757$516$347$64
32 years$1,477$1,032$706$474$314$54
33 years$1,417$978$659$436$284$46
34 years$1,360$927$616$401$257$39
35 years$1,307$879$576$369$233$33
36 years$1,256$834$539$340$211$28
37 years$1,209$792$504$313$191$23
38 years$1,164$753$472$289$173$20
39 years$1,122$716$442$266$157$17
40 years$1,081$681$415$246$143$14
41 years$1,043$649$389$227$129$12
42 years$1,007$618$365$209$117$10
43 years$973$588$342$193$106$9
44 years$940$561$321$178$97$7
45 years$909$535$302$165$88$6
46 years$879$510$283$152$80$5
47 years$850$487$266$140$72$4
48 years$823$465$250$130$66$4
49 years$797$444$235$120$60$3
50 years$772$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $791,000, adding $2,426 every year, while hoping to spend $48,688 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: 37/40/23 Blend
56$791,000$791,000$791,000$791,000
57$874,184$832,261$820,001$900,412
58$911,548$821,239$795,667$908,770
59$951,090$808,044$768,887$913,097
60$992,982$792,519$739,526$916,794
61$1,037,412$774,498$707,445$919,835
62$1,084,582$753,802$672,498$922,194
63$1,134,716$730,245$634,534$923,847
64$1,188,058$703,629$593,392$924,772
65$1,244,876$673,742$548,906$924,952
66$1,305,462$640,364$500,903$924,371
67$1,370,136$603,259$449,200$923,018
68$1,439,249$562,178$393,608$920,887
69$1,513,187$516,859$333,928$917,977
70$1,592,371$467,024$269,954$914,295
71$1,677,265$412,380$201,469$909,856
72$1,768,375$352,616$128,248$904,682
73$1,866,260$287,405$50,055$898,808
74$1,971,531$216,400$0$892,279
75$2,084,858$139,235$0$893,349
76$2,206,981$55,525$0$907,541
77$2,338,708$0$0$922,717
78$2,480,930$0$0$954,524
79$2,634,625$0$0$1,015,395
80$2,800,866$0$0$1,081,324
81$2,980,835$0$0$1,152,793
82$3,175,831$0$0$1,230,328
83$3,387,282$0$0$1,314,511
84$3,616,757$0$0$1,405,978
85$3,865,985$0$0$1,505,434
86$4,136,863$0$0$1,613,649
87$4,431,482$0$0$1,731,473
88$4,752,141$0$0$1,859,843
89$5,101,369$0$0$1,999,787
90$5,481,951$0$0$2,152,438
91$5,896,950$0$0$2,319,042
92$6,349,738$0$0$2,500,972
93$6,844,026$0$0$2,699,739
94$7,383,900$0$0$2,917,006
95$7,973,857$0$0$3,154,603
96$8,618,849$0$0$3,414,547
97$9,324,327$0$0$3,699,059
98$10,096,294$0$0$4,010,581
99$10,941,360$0$0$4,351,806
100$11,866,803$0$0$4,725,700