Can I retire at age 57 with 795,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$65,650$65,066$64,495$63,938$63,394$60,976
2 years$32,500$31,895$31,308$30,740$30,188$27,779
3 years$21,452$20,844$20,259$19,695$19,152$16,830
4 years$15,928$15,322$14,743$14,189$13,660$11,441
5 years$12,615$12,013$11,441$10,899$10,384$8,275
6 years$10,407$9,809$9,246$8,716$8,216$6,218
7 years$8,831$8,238$7,684$7,166$6,682$4,795
8 years$7,649$7,061$6,516$6,011$5,543$3,764
9 years$6,730$6,148$5,613$5,120$4,668$2,995
10 years$5,996$5,419$4,893$4,414$3,978$2,408
11 years$5,395$4,825$4,308$3,841$3,421$1,950
12 years$4,895$4,330$3,823$3,369$2,965$1,590
13 years$4,472$3,913$3,416$2,975$2,585$1,302
14 years$4,110$3,557$3,069$2,640$2,266$1,070
15 years$3,796$3,249$2,771$2,355$1,995$883
16 years$3,522$2,981$2,512$2,108$1,763$730
17 years$3,281$2,746$2,286$1,894$1,564$605
18 years$3,066$2,537$2,087$1,707$1,390$502
19 years$2,874$2,351$1,910$1,543$1,239$417
20 years$2,702$2,185$1,753$1,397$1,107$347
21 years$2,546$2,035$1,613$1,268$990$289
22 years$2,405$1,900$1,486$1,153$888$241
23 years$2,276$1,777$1,372$1,050$797$201
24 years$2,158$1,665$1,269$958$716$168
25 years$2,050$1,562$1,176$875$645$140
26 years$1,950$1,468$1,090$800$581$117
27 years$1,857$1,382$1,012$732$523$98
28 years$1,772$1,302$941$671$472$82
29 years$1,692$1,228$876$615$427$68
30 years$1,618$1,160$816$564$385$57
31 years$1,549$1,097$761$518$348$48
32 years$1,484$1,038$710$476$315$40
33 years$1,424$983$663$438$285$33
34 years$1,367$931$619$403$258$28
35 years$1,313$883$579$371$234$23
36 years$1,263$838$541$342$212$20
37 years$1,215$796$507$315$192$16
38 years$1,170$757$475$290$174$14
39 years$1,127$720$445$268$158$11
40 years$1,087$685$417$247$143$10
41 years$1,049$652$391$228$130$8
42 years$1,012$621$367$210$118$7
43 years$978$591$344$194$107$6
44 years$945$564$323$179$97$5
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$3
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$2
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 $2,163 every year, while hoping to spend $46,202 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: 56/31/13 Blend
56$795,000$795,000$795,000$795,000
57$878,321$836,186$823,864$924,468
58$918,751$828,001$802,304$947,800
59$961,757$817,866$778,475$967,961
60$1,007,552$805,637$752,249$988,844
61$1,056,370$791,161$723,498$1,010,527
62$1,108,468$774,276$692,083$1,033,096
63$1,164,128$754,812$657,864$1,056,652
64$1,223,656$732,585$620,690$1,081,304
65$1,287,391$707,403$580,405$1,107,178
66$1,355,703$679,064$536,846$1,134,415
67$1,428,999$647,352$489,844$1,163,171
68$1,507,723$612,039$439,221$1,193,626
69$1,592,366$572,884$384,790$1,225,976
70$1,683,464$529,632$326,357$1,260,446
71$1,781,608$482,014$263,720$1,297,284
72$1,887,444$429,746$196,668$1,336,770
73$2,001,686$372,526$124,978$1,379,215
74$2,125,115$310,036$48,422$1,424,967
75$2,258,590$241,941$0$1,474,417
76$2,403,055$167,886$0$1,532,612
77$2,559,551$87,496$0$1,602,890
78$2,729,217$375$0$1,679,103
79$2,913,310$0$0$1,761,889
80$3,113,210$0$0$1,883,986
81$3,330,436$0$0$2,016,868
82$3,566,660$0$0$2,161,436
83$3,823,719$0$0$2,318,824
84$4,103,635$0$0$2,490,279
85$4,408,634$0$0$2,677,172
86$4,741,166$0$0$2,881,015
87$5,103,926$0$0$3,103,468
88$5,499,881$0$0$3,346,363
89$5,932,297$0$0$3,611,712
90$6,404,770$0$0$3,901,733
91$6,921,257$0$0$4,218,869
92$7,486,117$0$0$4,565,805
93$8,104,148$0$0$4,945,502
94$8,780,632$0$0$5,361,219
95$9,521,389$0$0$5,816,544
96$10,332,825$0$0$6,315,429
97$11,221,995$0$0$6,862,227
98$12,196,670$0$0$7,461,731
99$13,265,408$0$0$8,119,221
100$14,437,634$0$0$8,840,511