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%18.9%
1 years$65,650$65,066$64,495$63,938$63,394$61,121
2 years$32,500$31,895$31,308$30,740$30,188$27,922
3 years$21,452$20,844$20,259$19,695$19,152$16,965
4 years$15,928$15,322$14,743$14,189$13,660$11,568
5 years$12,615$12,013$11,441$10,899$10,384$8,393
6 years$10,407$9,809$9,246$8,716$8,216$6,328
7 years$8,831$8,238$7,684$7,166$6,682$4,896
8 years$7,649$7,061$6,516$6,011$5,543$3,858
9 years$6,730$6,148$5,613$5,120$4,668$3,081
10 years$5,996$5,419$4,893$4,414$3,978$2,486
11 years$5,395$4,825$4,308$3,841$3,421$2,022
12 years$4,895$4,330$3,823$3,369$2,965$1,654
13 years$4,472$3,913$3,416$2,975$2,585$1,360
14 years$4,110$3,557$3,069$2,640$2,266$1,123
15 years$3,796$3,249$2,771$2,355$1,995$930
16 years$3,522$2,981$2,512$2,108$1,763$772
17 years$3,281$2,746$2,286$1,894$1,564$643
18 years$3,066$2,537$2,087$1,707$1,390$536
19 years$2,874$2,351$1,910$1,543$1,239$447
20 years$2,702$2,185$1,753$1,397$1,107$374
21 years$2,546$2,035$1,613$1,268$990$313
22 years$2,405$1,900$1,486$1,153$888$262
23 years$2,276$1,777$1,372$1,050$797$220
24 years$2,158$1,665$1,269$958$716$184
25 years$2,050$1,562$1,176$875$645$154
26 years$1,950$1,468$1,090$800$581$130
27 years$1,857$1,382$1,012$732$523$109
28 years$1,772$1,302$941$671$472$91
29 years$1,692$1,228$876$615$427$77
30 years$1,618$1,160$816$564$385$65
31 years$1,549$1,097$761$518$348$54
32 years$1,484$1,038$710$476$315$46
33 years$1,424$983$663$438$285$38
34 years$1,367$931$619$403$258$32
35 years$1,313$883$579$371$234$27
36 years$1,263$838$541$342$212$23
37 years$1,215$796$507$315$192$19
38 years$1,170$757$475$290$174$16
39 years$1,127$720$445$268$158$14
40 years$1,087$685$417$247$143$11
41 years$1,049$652$391$228$130$10
42 years$1,012$621$367$210$118$8
43 years$978$591$344$194$107$7
44 years$945$564$323$179$97$6
45 years$913$538$303$165$88$5
46 years$883$513$285$153$80$4
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$3
49 years$801$446$236$121$60$2
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $795,000, adding $5,332 every year, while hoping to spend $41,920 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: 59/17/24 Blend
56$795,000$795,000$795,000$795,000
57$881,590$839,455$827,132$927,633
58$926,910$835,986$810,239$956,125
59$975,447$830,941$791,374$982,212
60$1,027,486$824,201$770,429$1,009,760
61$1,083,337$815,635$747,286$1,038,921
62$1,143,344$805,107$721,827$1,069,862
63$1,207,881$792,474$693,924$1,102,770
64$1,277,360$777,580$663,445$1,137,854
65$1,352,234$760,264$630,254$1,175,344
66$1,432,999$740,354$594,204$1,215,497
67$1,520,201$717,668$555,147$1,258,598
68$1,614,441$692,013$512,923$1,304,965
69$1,716,377$663,185$467,370$1,354,949
70$1,826,735$630,968$418,314$1,408,939
71$1,946,311$595,135$365,576$1,467,370
72$2,075,980$555,442$308,969$1,530,720
73$2,216,708$511,636$248,296$1,599,523
74$2,369,552$463,446$183,354$1,674,369
75$2,535,678$410,587$113,929$1,755,911
76$2,716,369$352,758$39,797$1,844,874
77$2,913,035$289,639$0$1,942,062
78$3,127,229$220,895$0$2,058,431
79$3,360,657$146,170$0$2,196,428
80$3,615,201$65,089$0$2,347,006
81$3,892,928$0$0$2,511,438
82$4,196,116$0$0$2,695,386
83$4,527,272$0$0$2,909,662
84$4,889,155$0$0$3,143,884
85$5,284,803$0$0$3,400,026
86$5,717,562$0$0$3,680,262
87$6,191,114$0$0$3,986,984
88$6,709,514$0$0$4,322,829
89$7,277,229$0$0$4,690,700
90$7,899,176$0$0$5,093,792
91$8,580,771$0$0$5,535,626
92$9,327,979$0$0$6,020,078
93$10,147,369$0$0$6,551,418
94$11,046,177$0$0$7,134,350
95$12,032,373$0$0$7,774,053
96$13,114,734$0$0$8,476,235
97$14,302,931$0$0$9,247,179
98$15,607,614$0$0$10,093,810
99$17,040,517$0$0$11,023,756
100$18,614,565$0$0$12,045,418