Can I retire at age 57 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$65,650$65,066$64,495$63,938$63,394$62,706
2 years$32,500$31,895$31,308$30,740$30,188$29,495
3 years$21,452$20,844$20,259$19,695$19,152$18,476
4 years$15,928$15,322$14,743$14,189$13,660$13,006
5 years$12,615$12,013$11,441$10,899$10,384$9,754
6 years$10,407$9,809$9,246$8,716$8,216$7,611
7 years$8,831$8,238$7,684$7,166$6,682$6,101
8 years$7,649$7,061$6,516$6,011$5,543$4,988
9 years$6,730$6,148$5,613$5,120$4,668$4,137
10 years$5,996$5,419$4,893$4,414$3,978$3,471
11 years$5,395$4,825$4,308$3,841$3,421$2,938
12 years$4,895$4,330$3,823$3,369$2,965$2,505
13 years$4,472$3,913$3,416$2,975$2,585$2,149
14 years$4,110$3,557$3,069$2,640$2,266$1,852
15 years$3,796$3,249$2,771$2,355$1,995$1,603
16 years$3,522$2,981$2,512$2,108$1,763$1,392
17 years$3,281$2,746$2,286$1,894$1,564$1,212
18 years$3,066$2,537$2,087$1,707$1,390$1,058
19 years$2,874$2,351$1,910$1,543$1,239$926
20 years$2,702$2,185$1,753$1,397$1,107$812
21 years$2,546$2,035$1,613$1,268$990$713
22 years$2,405$1,900$1,486$1,153$888$627
23 years$2,276$1,777$1,372$1,050$797$552
24 years$2,158$1,665$1,269$958$716$486
25 years$2,050$1,562$1,176$875$645$429
26 years$1,950$1,468$1,090$800$581$378
27 years$1,857$1,382$1,012$732$523$334
28 years$1,772$1,302$941$671$472$295
29 years$1,692$1,228$876$615$427$261
30 years$1,618$1,160$816$564$385$231
31 years$1,549$1,097$761$518$348$205
32 years$1,484$1,038$710$476$315$181
33 years$1,424$983$663$438$285$161
34 years$1,367$931$619$403$258$142
35 years$1,313$883$579$371$234$126
36 years$1,263$838$541$342$212$112
37 years$1,215$796$507$315$192$99
38 years$1,170$757$475$290$174$88
39 years$1,127$720$445$268$158$78
40 years$1,087$685$417$247$143$69
41 years$1,049$652$391$228$130$61
42 years$1,012$621$367$210$118$54
43 years$978$591$344$194$107$48
44 years$945$564$323$179$97$43
45 years$913$538$303$165$88$38
46 years$883$513$285$153$80$34
47 years$855$489$268$141$73$30
48 years$827$467$251$130$66$27
49 years$801$446$236$121$60$24
50 years$776$426$222$111$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $795,000, adding $2,192 every year, while hoping to spend $52,290 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: 57/24/19 Blend
56$795,000$795,000$795,000$795,000
57$878,351$836,216$823,894$923,865
58$912,307$821,554$795,858$940,413
59$947,973$804,422$765,130$952,603
60$985,470$784,642$731,566$964,723
61$1,024,927$762,029$695,012$976,779
62$1,066,485$736,383$655,310$988,777
63$1,110,298$707,498$612,295$1,000,730
64$1,156,533$675,150$565,792$1,012,653
65$1,205,373$639,106$515,620$1,024,566
66$1,257,018$599,119$461,589$1,036,495
67$1,311,684$554,926$403,503$1,048,473
68$1,369,610$506,251$341,154$1,060,537
69$1,431,054$452,801$274,326$1,072,736
70$1,496,300$394,267$202,795$1,085,125
71$1,565,659$330,322$126,325$1,097,771
72$1,639,469$260,621$44,670$1,110,752
73$1,718,103$184,800$0$1,124,160
74$1,801,966$102,472$0$1,146,710
75$1,891,505$13,232$0$1,180,141
76$1,987,208$0$0$1,215,583
77$2,089,610$0$0$1,275,273
78$2,199,298$0$0$1,342,997
79$2,316,914$0$0$1,415,665
80$2,443,167$0$0$1,493,719
81$2,578,830$0$0$1,577,645
82$2,724,754$0$0$1,667,976
83$2,881,873$0$0$1,765,297
84$3,051,213$0$0$1,870,251
85$3,233,900$0$0$1,983,544
86$3,431,172$0$0$2,105,953
87$3,644,390$0$0$2,238,331
88$3,875,048$0$0$2,381,614
89$4,124,789$0$0$2,536,834
90$4,395,421$0$0$2,705,124
91$4,688,928$0$0$2,887,730
92$5,007,497$0$0$3,086,022
93$5,353,529$0$0$3,301,508
94$5,729,666$0$0$3,535,846
95$6,138,818$0$0$3,790,860
96$6,584,182$0$0$4,068,557
97$7,069,278$0$0$4,371,148
98$7,597,979$0$0$4,701,061
99$8,174,548$0$0$5,060,974
100$8,803,677$0$0$5,453,831