Can I retire at age 57 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$65,485$64,902$64,333$63,777$63,235$62,264
2 years$32,418$31,815$31,230$30,662$30,112$29,136
3 years$21,398$20,791$20,208$19,646$19,104$18,154
4 years$15,888$15,284$14,706$14,154$13,625$12,708
5 years$12,584$11,983$11,412$10,871$10,358$9,476
6 years$10,381$9,785$9,223$8,694$8,196$7,350
7 years$8,809$8,217$7,664$7,148$6,665$5,856
8 years$7,630$7,044$6,500$5,996$5,530$4,757
9 years$6,713$6,133$5,598$5,107$4,657$3,921
10 years$5,981$5,406$4,881$4,403$3,968$3,267
11 years$5,381$4,812$4,297$3,832$3,412$2,747
12 years$4,883$4,319$3,813$3,361$2,957$2,326
13 years$4,461$3,903$3,407$2,967$2,579$1,980
14 years$4,100$3,548$3,061$2,634$2,260$1,694
15 years$3,787$3,241$2,764$2,349$1,990$1,455
16 years$3,513$2,974$2,506$2,103$1,759$1,254
17 years$3,272$2,739$2,280$1,890$1,560$1,084
18 years$3,058$2,531$2,082$1,703$1,387$939
19 years$2,867$2,345$1,906$1,539$1,236$815
20 years$2,695$2,180$1,749$1,394$1,104$709
21 years$2,540$2,030$1,609$1,265$988$617
22 years$2,399$1,895$1,483$1,150$886$538
23 years$2,270$1,772$1,369$1,047$795$470
24 years$2,153$1,661$1,266$955$715$410
25 years$2,044$1,558$1,173$872$643$359
26 years$1,945$1,465$1,088$798$579$314
27 years$1,853$1,378$1,010$730$522$275
28 years$1,767$1,299$939$669$471$241
29 years$1,688$1,225$874$613$425$211
30 years$1,614$1,157$814$563$384$185
31 years$1,545$1,094$759$517$348$162
32 years$1,481$1,035$708$475$314$143
33 years$1,420$980$661$437$285$125
34 years$1,363$929$617$402$258$110
35 years$1,310$881$577$370$233$96
36 years$1,259$836$540$341$211$85
37 years$1,212$794$505$314$192$74
38 years$1,167$755$473$289$174$65
39 years$1,124$718$443$267$158$57
40 years$1,084$683$416$246$143$50
41 years$1,046$650$390$227$130$44
42 years$1,010$619$366$210$118$39
43 years$975$590$343$194$107$34
44 years$942$562$322$179$97$30
45 years$911$536$302$165$88$26
46 years$881$512$284$152$80$23
47 years$852$488$267$141$73$20
48 years$825$466$251$130$66$18
49 years$799$445$236$120$60$16
50 years$774$425$222$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $793,000, adding $4,816 every year, while hoping to spend $27,143 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: 42/50/8 Blend
56$793,000$793,000$793,000$793,000
57$878,854$836,825$824,533$913,508
58$939,617$848,949$823,275$950,257
59$1,005,668$860,758$821,065$986,903
60$1,077,518$872,207$817,843$1,025,962
61$1,155,729$883,249$813,545$1,067,665
62$1,240,919$893,834$808,104$1,112,266
63$1,333,769$903,908$801,451$1,160,046
64$1,435,026$913,413$793,513$1,211,316
65$1,545,517$922,288$784,214$1,266,418
66$1,666,147$930,467$773,472$1,325,732
67$1,797,915$937,881$761,205$1,389,675
68$1,941,921$944,456$747,324$1,458,712
69$2,099,376$950,113$731,738$1,533,354
70$2,271,611$954,767$714,350$1,614,164
71$2,460,094$958,330$695,059$1,701,768
72$2,666,441$960,705$673,761$1,796,854
73$2,892,431$961,793$650,345$1,900,184
74$3,140,023$961,485$624,696$2,012,599
75$3,411,376$959,668$596,694$2,135,028
76$3,708,865$956,221$566,212$2,268,497
77$4,035,108$951,015$533,119$2,414,140
78$4,392,989$943,914$497,278$2,573,209
79$4,785,681$934,773$458,544$2,747,084
80$5,216,683$923,440$416,768$2,937,293
81$5,689,848$909,751$371,793$3,145,520
82$6,209,419$893,535$323,454$3,373,627
83$6,780,071$874,610$271,581$3,623,666
84$7,406,954$852,782$215,995$3,897,906
85$8,095,742$827,847$156,510$4,198,851
86$8,852,685$799,588$92,930$4,529,263
87$9,684,667$767,777$25,052$4,892,192
88$10,599,276$732,170$0$5,291,006
89$11,604,868$692,513$0$5,733,464
90$12,710,651$648,532$0$6,222,167
91$13,926,770$599,943$0$6,759,519
92$15,264,401$546,441$0$7,350,534
93$16,735,860$487,706$0$8,000,745
94$18,354,714$423,400$0$8,716,252
95$20,135,912$353,164$0$9,503,788
96$22,095,926$276,620$0$10,370,778
97$24,252,906$193,370$0$11,325,412
98$26,626,849$102,991$0$12,376,725
99$29,239,788$5,038$0$13,534,682
100$32,116,002$0$0$14,810,272