Can I retire at age 57 with 797,000?

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 $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%14.4%
1 years$65,816$65,229$64,657$64,099$63,554$62,398
2 years$32,582$31,975$31,387$30,817$30,264$29,104
3 years$21,506$20,896$20,309$19,745$19,201$18,072
4 years$15,968$15,361$14,780$14,225$13,694$12,606
5 years$12,647$12,043$11,470$10,926$10,410$9,365
6 years$10,433$9,834$9,269$8,738$8,237$7,237
7 years$8,853$8,259$7,703$7,184$6,699$5,744
8 years$7,668$7,079$6,533$6,026$5,557$4,647
9 years$6,747$6,164$5,627$5,133$4,680$3,814
10 years$6,011$5,433$4,905$4,425$3,988$3,165
11 years$5,409$4,837$4,319$3,851$3,430$2,649
12 years$4,907$4,341$3,833$3,378$2,972$2,233
13 years$4,483$3,923$3,424$2,982$2,592$1,892
14 years$4,120$3,566$3,077$2,647$2,272$1,611
15 years$3,806$3,258$2,778$2,361$2,000$1,377
16 years$3,531$2,989$2,519$2,114$1,768$1,181
17 years$3,289$2,753$2,292$1,899$1,568$1,016
18 years$3,074$2,544$2,092$1,712$1,394$875
19 years$2,882$2,357$1,915$1,547$1,242$756
20 years$2,709$2,191$1,758$1,401$1,110$654
21 years$2,553$2,040$1,617$1,271$993$566
22 years$2,411$1,905$1,490$1,156$890$491
23 years$2,282$1,781$1,376$1,053$799$426
24 years$2,163$1,669$1,272$960$718$371
25 years$2,055$1,566$1,178$877$646$322
26 years$1,955$1,472$1,093$802$582$280
27 years$1,862$1,385$1,015$734$525$244
28 years$1,776$1,305$944$672$474$213
29 years$1,697$1,232$878$617$428$185
30 years$1,622$1,163$818$566$386$162
31 years$1,553$1,099$762$520$349$141
32 years$1,488$1,040$711$478$316$123
33 years$1,427$985$664$439$286$107
34 years$1,370$934$621$404$259$94
35 years$1,316$886$580$372$234$82
36 years$1,266$841$543$343$212$71
37 years$1,218$798$508$316$193$62
38 years$1,173$759$476$291$175$54
39 years$1,130$721$446$268$158$48
40 years$1,090$686$418$247$144$42
41 years$1,051$653$392$228$130$36
42 years$1,015$622$367$211$118$32
43 years$980$593$345$194$107$28
44 years$947$565$324$180$97$24
45 years$915$539$304$166$88$21
46 years$885$514$285$153$80$18
47 years$857$491$268$142$73$16
48 years$829$468$252$131$66$14
49 years$803$447$237$121$60$12
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 $3,323 every year, while hoping to spend $52,696 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: 37/49/14 Blend
56$797,000$797,000$797,000$797,000
57$881,722$839,481$827,127$910,464
58$915,589$824,547$798,768$916,447
59$951,145$807,116$767,692$917,605
60$988,506$787,008$733,754$917,714
61$1,027,798$764,036$696,799$916,705
62$1,069,160$738,001$656,669$914,509
63$1,112,741$708,690$613,194$911,056
64$1,158,705$675,880$566,201$906,270
65$1,207,231$639,335$515,506$900,078
66$1,258,511$598,806$460,918$892,402
67$1,312,758$554,026$402,238$883,164
68$1,370,204$504,718$339,257$872,284
69$1,431,101$450,586$271,759$859,683
70$1,495,726$391,316$199,515$845,280
71$1,564,379$326,580$122,288$828,994
72$1,637,392$256,029$39,831$810,746
73$1,715,126$179,295$0$790,455
74$1,797,977$95,988$0$775,239
75$1,886,377$5,698$0$764,647
76$1,980,802$0$0$752,691
77$2,081,771$0$0$788,960
78$2,189,856$0$0$831,145
79$2,305,681$0$0$876,427
80$2,429,933$0$0$925,083
81$2,563,365$0$0$977,419
82$2,706,802$0$0$1,033,769
83$2,861,152$0$0$1,094,502
84$3,027,411$0$0$1,160,021
85$3,206,672$0$0$1,230,770
86$3,400,138$0$0$1,307,238
87$3,609,128$0$0$1,389,959
88$3,835,094$0$0$1,479,523
89$4,079,631$0$0$1,576,578
90$4,344,490$0$0$1,681,836
91$4,631,601$0$0$1,796,080
92$4,943,082$0$0$1,920,173
93$5,281,265$0$0$2,055,061
94$5,648,712$0$0$2,201,787
95$6,048,245$0$0$2,361,498
96$6,482,967$0$0$2,535,456
97$6,956,291$0$0$2,725,050
98$7,471,974$0$0$2,931,808
99$8,034,150$0$0$3,157,413
100$8,647,369$0$0$3,403,716