Can I retire at age 57 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$65,816$65,229$64,657$64,099$63,554$62,424
2 years$32,582$31,975$31,387$30,817$30,264$29,129
3 years$21,506$20,896$20,309$19,745$19,201$18,097
4 years$15,968$15,361$14,780$14,225$13,694$12,629
5 years$12,647$12,043$11,470$10,926$10,410$9,388
6 years$10,433$9,834$9,269$8,738$8,237$7,258
7 years$8,853$8,259$7,703$7,184$6,699$5,764
8 years$7,668$7,079$6,533$6,026$5,557$4,666
9 years$6,747$6,164$5,627$5,133$4,680$3,832
10 years$6,011$5,433$4,905$4,425$3,988$3,181
11 years$5,409$4,837$4,319$3,851$3,430$2,665
12 years$4,907$4,341$3,833$3,378$2,972$2,247
13 years$4,483$3,923$3,424$2,982$2,592$1,906
14 years$4,120$3,566$3,077$2,647$2,272$1,624
15 years$3,806$3,258$2,778$2,361$2,000$1,389
16 years$3,531$2,989$2,519$2,114$1,768$1,192
17 years$3,289$2,753$2,292$1,899$1,568$1,026
18 years$3,074$2,544$2,092$1,712$1,394$885
19 years$2,882$2,357$1,915$1,547$1,242$765
20 years$2,709$2,191$1,758$1,401$1,110$662
21 years$2,553$2,040$1,617$1,271$993$574
22 years$2,411$1,905$1,490$1,156$890$498
23 years$2,282$1,781$1,376$1,053$799$433
24 years$2,163$1,669$1,272$960$718$376
25 years$2,055$1,566$1,178$877$646$327
26 years$1,955$1,472$1,093$802$582$285
27 years$1,862$1,385$1,015$734$525$249
28 years$1,776$1,305$944$672$474$217
29 years$1,697$1,232$878$617$428$189
30 years$1,622$1,163$818$566$386$165
31 years$1,553$1,099$762$520$349$144
32 years$1,488$1,040$711$478$316$126
33 years$1,427$985$664$439$286$110
34 years$1,370$934$621$404$259$96
35 years$1,316$886$580$372$234$84
36 years$1,266$841$543$343$212$73
37 years$1,218$798$508$316$193$64
38 years$1,173$759$476$291$175$56
39 years$1,130$721$446$268$158$49
40 years$1,090$686$418$247$144$43
41 years$1,051$653$392$228$130$37
42 years$1,015$622$367$211$118$33
43 years$980$593$345$194$107$29
44 years$947$565$324$180$97$25
45 years$915$539$304$166$88$22
46 years$885$514$285$153$80$19
47 years$857$491$268$142$73$17
48 years$829$468$252$131$66$15
49 years$803$447$237$121$60$13
50 years$778$427$223$112$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $797,000, adding $4,548 every year, while hoping to spend $29,965 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: 42/41/17 Blend
56$797,000$797,000$797,000$797,000
57$882,985$840,744$828,391$915,499
58$941,167$850,058$824,259$948,218
59$1,004,279$858,824$818,985$980,341
60$1,072,793$866,984$812,498$1,014,493
61$1,147,227$874,475$804,726$1,050,873
62$1,228,150$881,230$795,591$1,089,704
63$1,316,191$887,180$785,012$1,131,231
64$1,412,039$892,249$772,907$1,175,727
65$1,516,454$896,356$759,186$1,223,493
66$1,630,272$899,417$743,758$1,274,864
67$1,754,412$901,340$726,526$1,330,209
68$1,889,886$902,030$707,389$1,389,938
69$2,037,810$901,385$686,242$1,454,503
70$2,199,409$899,295$662,973$1,524,408
71$2,376,034$895,646$637,468$1,600,206
72$2,569,171$890,315$609,606$1,682,513
73$2,780,459$883,172$579,259$1,772,008
74$3,011,698$874,080$546,297$1,869,443
75$3,264,874$862,893$510,581$1,975,650
76$3,542,173$849,456$471,967$2,091,548
77$3,846,001$833,606$430,305$2,218,155
78$4,179,009$815,169$385,436$2,356,596
79$4,544,117$793,961$337,197$2,508,114
80$4,944,539$769,787$285,415$2,674,083
81$5,383,817$742,442$229,912$2,856,022
82$5,865,853$711,707$170,500$3,055,611
83$6,394,941$677,353$106,983$3,274,704
84$6,975,816$639,134$39,158$3,515,352
85$7,613,691$596,793$0$3,779,819
86$8,314,309$550,057$0$4,076,634
87$9,083,997$498,638$0$4,410,505
88$9,929,724$442,231$0$4,777,417
89$10,859,169$380,513$0$5,180,784
90$11,880,790$313,145$0$5,624,376
91$13,003,907$239,765$0$6,112,350
92$14,238,788$159,996$0$6,649,294
93$15,596,743$73,435$0$7,240,273
94$17,090,237$0$0$7,890,871
95$18,732,999$0$0$8,616,428
96$20,540,159$0$0$9,451,155
97$22,528,386$0$0$10,369,632
98$24,716,046$0$0$11,380,361
99$27,123,375$0$0$12,492,703
100$29,772,669$0$0$13,716,979