Can I retire at age 57 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$65,733$65,147$64,576$64,019$63,474$61,615
2 years$32,541$31,935$31,348$30,778$30,226$28,368
3 years$21,479$20,870$20,284$19,720$19,176$17,378
4 years$15,948$15,342$14,762$14,207$13,677$11,952
5 years$12,631$12,028$11,456$10,912$10,397$8,749
6 years$10,420$9,822$9,258$8,727$8,227$6,659
7 years$8,842$8,248$7,693$7,175$6,691$5,202
8 years$7,659$7,070$6,525$6,019$5,550$4,140
9 years$6,739$6,156$5,620$5,127$4,674$3,341
10 years$6,003$5,426$4,899$4,419$3,983$2,725
11 years$5,402$4,831$4,313$3,846$3,425$2,240
12 years$4,901$4,336$3,828$3,373$2,968$1,854
13 years$4,478$3,918$3,420$2,978$2,588$1,542
14 years$4,115$3,562$3,073$2,644$2,269$1,288
15 years$3,801$3,254$2,774$2,358$1,998$1,080
16 years$3,527$2,985$2,515$2,111$1,766$908
17 years$3,285$2,749$2,289$1,897$1,566$765
18 years$3,070$2,540$2,089$1,709$1,392$646
19 years$2,878$2,354$1,913$1,545$1,241$546
20 years$2,705$2,188$1,755$1,399$1,108$463
21 years$2,549$2,038$1,615$1,270$992$392
22 years$2,408$1,902$1,488$1,154$889$333
23 years$2,279$1,779$1,374$1,051$798$283
24 years$2,161$1,667$1,271$959$717$240
25 years$2,052$1,564$1,177$876$645$204
26 years$1,952$1,470$1,092$801$581$174
27 years$1,860$1,384$1,014$733$524$148
28 years$1,774$1,304$942$671$473$126
29 years$1,694$1,230$877$616$427$107
30 years$1,620$1,162$817$565$386$91
31 years$1,551$1,098$761$519$349$78
32 years$1,486$1,039$710$477$316$66
33 years$1,426$984$663$439$286$57
34 years$1,368$933$620$404$259$48
35 years$1,315$885$579$372$234$41
36 years$1,264$840$542$342$212$35
37 years$1,217$797$507$315$192$30
38 years$1,171$758$475$291$174$26
39 years$1,129$721$445$268$158$22
40 years$1,088$686$417$247$143$19
41 years$1,050$653$391$228$130$16
42 years$1,013$622$367$210$118$14
43 years$979$592$344$194$107$12
44 years$946$564$323$179$97$10
45 years$914$538$304$166$88$8
46 years$884$513$285$153$80$7
47 years$856$490$268$141$73$6
48 years$828$468$252$131$66$5
49 years$802$447$237$121$60$4
50 years$777$427$222$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $796,000, adding $6,635 every year, while hoping to spend $28,344 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: 63/31/6 Blend
56$796,000$796,000$796,000$796,000
57$884,036$841,848$829,510$938,392
58$944,050$852,941$827,141$986,532
59$1,009,235$863,627$823,742$1,035,129
60$1,080,090$873,857$819,250$1,087,448
61$1,157,160$883,578$813,596$1,143,848
62$1,241,050$892,732$806,711$1,204,724
63$1,332,420$901,259$798,519$1,270,511
64$1,432,001$909,095$788,944$1,341,691
65$1,540,595$916,171$777,903$1,418,793
66$1,659,086$922,413$765,313$1,502,402
67$1,788,445$927,743$751,083$1,593,161
68$1,929,742$932,079$735,121$1,691,780
69$2,084,157$935,332$717,328$1,799,044
70$2,252,986$937,408$697,603$1,915,816
71$2,437,657$938,207$675,839$2,043,048
72$2,639,742$937,624$651,925$2,181,792
73$2,860,974$935,546$625,742$2,333,204
74$3,103,259$931,853$597,170$2,498,564
75$3,368,697$926,419$566,081$2,679,279
76$3,659,600$919,110$532,340$2,876,903
77$3,978,514$909,782$495,809$3,093,149
78$4,328,246$898,284$456,342$3,329,907
79$4,711,884$884,457$413,786$3,589,259
80$5,132,830$868,130$367,982$3,873,505
81$5,594,834$849,123$318,765$4,185,176
82$6,102,024$827,246$265,960$4,527,067
83$6,658,947$802,298$209,386$4,902,258
84$7,270,613$774,065$148,855$5,314,147
85$7,942,542$742,320$84,168$5,766,479
86$8,680,813$706,826$15,119$6,263,386
87$9,492,124$667,328$0$6,809,421
88$10,383,853$623,559$0$7,413,356
89$11,364,130$575,238$0$8,078,256
90$12,441,910$522,064$0$8,809,273
91$13,627,061$463,721$0$9,613,153
92$14,930,454$399,876$0$10,497,337
93$16,364,066$330,176$0$11,470,024
94$17,941,094$254,248$0$12,540,255
95$19,676,078$171,698$0$13,717,996
96$21,585,037$82,110$0$15,014,235
97$23,685,623$0$0$16,441,083
98$25,997,284$0$0$18,016,994
99$28,541,450$0$0$19,782,303
100$31,341,733$0$0$21,725,391