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%11.7%
1 years$65,733$65,147$64,576$64,019$63,474$63,021
2 years$32,541$31,935$31,348$30,778$30,226$29,769
3 years$21,479$20,870$20,284$19,720$19,176$18,730
4 years$15,948$15,342$14,762$14,207$13,677$13,244
5 years$12,631$12,028$11,456$10,912$10,397$9,979
6 years$10,420$9,822$9,258$8,727$8,227$7,825
7 years$8,842$8,248$7,693$7,175$6,691$6,304
8 years$7,659$7,070$6,525$6,019$5,550$5,180
9 years$6,739$6,156$5,620$5,127$4,674$4,320
10 years$6,003$5,426$4,899$4,419$3,983$3,644
11 years$5,402$4,831$4,313$3,846$3,425$3,101
12 years$4,901$4,336$3,828$3,373$2,968$2,659
13 years$4,478$3,918$3,420$2,978$2,588$2,294
14 years$4,115$3,562$3,073$2,644$2,269$1,989
15 years$3,801$3,254$2,774$2,358$1,998$1,732
16 years$3,527$2,985$2,515$2,111$1,766$1,513
17 years$3,285$2,749$2,289$1,897$1,566$1,326
18 years$3,070$2,540$2,089$1,709$1,392$1,165
19 years$2,878$2,354$1,913$1,545$1,241$1,026
20 years$2,705$2,188$1,755$1,399$1,108$906
21 years$2,549$2,038$1,615$1,270$992$800
22 years$2,408$1,902$1,488$1,154$889$709
23 years$2,279$1,779$1,374$1,051$798$628
24 years$2,161$1,667$1,271$959$717$557
25 years$2,052$1,564$1,177$876$645$495
26 years$1,952$1,470$1,092$801$581$440
27 years$1,860$1,384$1,014$733$524$391
28 years$1,774$1,304$942$671$473$349
29 years$1,694$1,230$877$616$427$310
30 years$1,620$1,162$817$565$386$277
31 years$1,551$1,098$761$519$349$247
32 years$1,486$1,039$710$477$316$220
33 years$1,426$984$663$439$286$196
34 years$1,368$933$620$404$259$175
35 years$1,315$885$579$372$234$157
36 years$1,264$840$542$342$212$140
37 years$1,217$797$507$315$192$125
38 years$1,171$758$475$291$174$112
39 years$1,129$721$445$268$158$100
40 years$1,088$686$417$247$143$89
41 years$1,050$653$391$228$130$80
42 years$1,013$622$367$210$118$71
43 years$979$592$344$194$107$64
44 years$946$564$323$179$97$57
45 years$914$538$304$166$88$51
46 years$884$513$285$153$80$46
47 years$856$490$268$141$73$41
48 years$828$468$252$131$66$37
49 years$802$447$237$121$60$33
50 years$777$427$222$112$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $796,000, adding $3,848 every year, while hoping to spend $51,916 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: 29/42/29 Blend
56$796,000$796,000$796,000$796,000
57$881,161$838,973$826,635$898,754
58$915,801$824,845$799,089$898,888
59$952,235$808,284$768,881$894,286
60$990,590$789,117$735,865$888,311
61$1,031,006$767,159$699,892$880,882
62$1,073,634$742,216$660,804$871,915
63$1,118,641$714,080$618,437$861,322
64$1,166,207$682,535$572,619$849,014
65$1,216,528$647,347$523,170$834,898
66$1,269,820$608,274$469,903$818,878
67$1,326,319$565,056$412,621$800,858
68$1,386,279$517,420$351,120$780,738
69$1,449,983$465,077$285,187$758,416
70$1,517,738$407,722$214,596$733,789
71$1,589,878$345,031$139,117$706,753
72$1,666,774$276,665$58,505$677,201
73$1,748,826$202,264$0$645,029
74$1,836,477$121,445$0$618,647
75$1,930,210$33,809$0$609,306
76$2,030,557$0$0$598,866
77$2,138,097$0$0$615,540
78$2,253,470$0$0$650,276
79$2,377,376$0$0$687,673
80$2,510,583$0$0$727,972
81$2,653,934$0$0$771,442
82$2,808,357$0$0$818,376
83$2,974,867$0$0$869,097
84$3,154,584$0$0$923,960
85$3,348,734$0$0$983,355
86$3,558,668$0$0$1,047,711
87$3,785,869$0$0$1,117,498
88$4,031,966$0$0$1,193,236
89$4,298,754$0$0$1,275,494
90$4,588,204$0$0$1,364,899
91$4,902,482$0$0$1,462,143
92$5,243,976$0$0$1,567,982
93$5,615,307$0$0$1,683,254
94$6,019,361$0$0$1,808,876
95$6,459,315$0$0$1,945,861
96$6,938,663$0$0$2,095,321
97$7,461,250$0$0$2,258,482
98$8,031,308$0$0$2,436,692
99$8,653,496$0$0$2,631,438
100$9,332,941$0$0$2,844,352