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%17.7%
1 years$65,816$65,229$64,657$64,099$63,554$61,569
2 years$32,582$31,975$31,387$30,817$30,264$28,281
3 years$21,506$20,896$20,309$19,745$19,201$17,283
4 years$15,968$15,361$14,780$14,225$13,694$11,856
5 years$12,647$12,043$11,470$10,926$10,410$8,657
6 years$10,433$9,834$9,269$8,738$8,237$6,570
7 years$8,853$8,259$7,703$7,184$6,699$5,118
8 years$7,668$7,079$6,533$6,026$5,557$4,062
9 years$6,747$6,164$5,627$5,133$4,680$3,268
10 years$6,011$5,433$4,905$4,425$3,988$2,656
11 years$5,409$4,837$4,319$3,851$3,430$2,177
12 years$4,907$4,341$3,833$3,378$2,972$1,796
13 years$4,483$3,923$3,424$2,982$2,592$1,489
14 years$4,120$3,566$3,077$2,647$2,272$1,240
15 years$3,806$3,258$2,778$2,361$2,000$1,035
16 years$3,531$2,989$2,519$2,114$1,768$867
17 years$3,289$2,753$2,292$1,899$1,568$728
18 years$3,074$2,544$2,092$1,712$1,394$612
19 years$2,882$2,357$1,915$1,547$1,242$516
20 years$2,709$2,191$1,758$1,401$1,110$435
21 years$2,553$2,040$1,617$1,271$993$368
22 years$2,411$1,905$1,490$1,156$890$311
23 years$2,282$1,781$1,376$1,053$799$263
24 years$2,163$1,669$1,272$960$718$223
25 years$2,055$1,566$1,178$877$646$189
26 years$1,955$1,472$1,093$802$582$160
27 years$1,862$1,385$1,015$734$525$135
28 years$1,776$1,305$944$672$474$115
29 years$1,697$1,232$878$617$428$97
30 years$1,622$1,163$818$566$386$83
31 years$1,553$1,099$762$520$349$70
32 years$1,488$1,040$711$478$316$60
33 years$1,427$985$664$439$286$51
34 years$1,370$934$621$404$259$43
35 years$1,316$886$580$372$234$36
36 years$1,266$841$543$343$212$31
37 years$1,218$798$508$316$193$26
38 years$1,173$759$476$291$175$22
39 years$1,130$721$446$268$158$19
40 years$1,090$686$418$247$144$16
41 years$1,051$653$392$228$130$14
42 years$1,015$622$367$211$118$12
43 years$980$593$345$194$107$10
44 years$947$565$324$180$97$8
45 years$915$539$304$166$88$7
46 years$885$514$285$153$80$6
47 years$857$491$268$142$73$5
48 years$829$468$252$131$66$4
49 years$803$447$237$121$60$4
50 years$778$427$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $797,000, adding $6,618 every year, while hoping to spend $52,822 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: 52/27/21 Blend
56$797,000$797,000$797,000$797,000
57$885,120$842,879$830,526$925,691
58$919,201$827,978$802,146$939,461
59$954,986$810,577$771,046$948,419
60$992,596$790,496$737,077$957,045
61$1,032,159$767,548$700,087$965,326
62$1,073,814$741,533$659,914$973,251
63$1,117,713$712,238$616,392$980,811
64$1,164,023$679,441$569,344$988,000
65$1,212,924$642,904$518,588$994,814
66$1,264,613$602,378$463,932$1,001,255
67$1,319,306$557,596$405,175$1,007,327
68$1,377,237$508,280$342,111$1,013,040
69$1,438,663$454,134$274,519$1,018,411
70$1,503,864$394,844$202,173$1,023,462
71$1,573,147$330,080$124,834$1,028,224
72$1,646,847$259,493$42,256$1,032,736
73$1,725,332$182,715$0$1,037,050
74$1,809,003$99,355$0$1,051,503
75$1,898,301$9,003$0$1,076,666
76$1,993,708$0$0$1,103,213
77$2,095,752$0$0$1,157,693
78$2,205,014$0$0$1,218,942
79$2,322,128$0$0$1,284,647
80$2,447,792$0$0$1,355,208
81$2,582,772$0$0$1,431,061
82$2,727,906$0$0$1,512,687
83$2,884,118$0$0$1,600,611
84$3,052,419$0$0$1,695,413
85$3,233,921$0$0$1,797,728
86$3,429,847$0$0$1,908,255
87$3,641,538$0$0$2,027,761
88$3,870,470$0$0$2,157,090
89$4,118,264$0$0$2,297,170
90$4,386,703$0$0$2,449,019
91$4,677,746$0$0$2,613,759
92$4,993,549$0$0$2,792,623
93$5,336,482$0$0$2,986,968
94$5,709,153$0$0$3,198,285
95$6,114,429$0$0$3,428,216
96$6,555,465$0$0$3,678,566
97$7,035,735$0$0$3,951,323
98$7,559,057$0$0$4,248,674
99$8,129,638$0$0$4,573,026
100$8,752,103$0$0$4,927,028