Can I retire at age 57 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$65,898$65,311$64,738$64,179$63,634$63,022
2 years$32,623$32,015$31,426$30,856$30,302$29,685
3 years$21,533$20,922$20,335$19,769$19,225$18,623
4 years$15,988$15,380$14,799$14,243$13,711$13,128
5 years$12,663$12,058$11,484$10,940$10,423$9,861
6 years$10,447$9,846$9,281$8,749$8,247$7,707
7 years$8,864$8,269$7,713$7,193$6,707$6,189
8 years$7,678$7,088$6,541$6,034$5,564$5,068
9 years$6,756$6,171$5,634$5,139$4,686$4,211
10 years$6,018$5,440$4,912$4,430$3,993$3,539
11 years$5,415$4,843$4,324$3,856$3,434$3,002
12 years$4,913$4,347$3,838$3,382$2,976$2,564
13 years$4,489$3,928$3,429$2,986$2,595$2,203
14 years$4,125$3,570$3,081$2,650$2,275$1,903
15 years$3,811$3,262$2,781$2,364$2,003$1,650
16 years$3,535$2,993$2,522$2,116$1,770$1,436
17 years$3,293$2,756$2,295$1,902$1,569$1,253
18 years$3,078$2,547$2,095$1,714$1,395$1,097
19 years$2,885$2,360$1,918$1,548$1,244$962
20 years$2,712$2,193$1,760$1,402$1,111$845
21 years$2,556$2,043$1,619$1,273$994$743
22 years$2,414$1,907$1,492$1,157$891$655
23 years$2,285$1,784$1,378$1,054$800$578
24 years$2,166$1,671$1,274$961$719$510
25 years$2,057$1,568$1,180$878$647$451
26 years$1,957$1,474$1,094$803$583$399
27 years$1,864$1,387$1,016$735$525$354
28 years$1,779$1,307$945$673$474$313
29 years$1,699$1,233$879$617$428$278
30 years$1,624$1,165$819$567$387$246
31 years$1,555$1,101$763$520$350$219
32 years$1,490$1,042$712$478$316$194
33 years$1,429$986$665$440$286$172
34 years$1,372$935$621$405$259$153
35 years$1,318$887$581$372$235$136
36 years$1,267$842$543$343$213$121
37 years$1,220$799$509$316$193$107
38 years$1,174$760$476$291$175$96
39 years$1,132$722$446$269$159$85
40 years$1,091$687$418$248$144$76
41 years$1,053$654$392$229$130$67
42 years$1,016$623$368$211$118$60
43 years$981$594$345$195$107$53
44 years$948$566$324$180$98$47
45 years$917$540$304$166$89$42
46 years$887$515$286$153$80$37
47 years$858$491$269$142$73$33
48 years$830$469$252$131$66$30
49 years$804$448$237$121$60$26
50 years$779$428$223$112$55$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $798,000, adding $2,860 every year, while hoping to spend $31,952 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: 42/42/16 Blend
56$798,000$798,000$798,000$798,000
57$882,346$840,052$827,683$915,158
58$938,349$847,218$821,414$945,740
59$998,993$853,664$813,864$975,474
60$1,064,718$859,321$804,956$1,006,989
61$1,136,007$864,117$794,610$1,040,465
62$1,213,393$867,971$782,743$1,076,099
63$1,297,460$870,803$769,265$1,114,111
64$1,388,851$872,522$754,086$1,154,744
65$1,488,274$873,036$737,108$1,198,268
66$1,596,508$872,244$718,231$1,244,985
67$1,714,409$870,042$697,349$1,295,225
68$1,842,920$866,315$674,352$1,349,358
69$1,983,079$860,946$649,124$1,407,792
70$2,136,028$853,807$621,544$1,470,981
71$2,303,024$844,765$591,487$1,539,426
72$2,485,451$833,677$558,821$1,613,684
73$2,684,833$820,393$523,406$1,694,371
74$2,902,846$804,752$485,101$1,782,168
75$3,141,338$786,586$443,753$1,877,831
76$3,402,341$765,716$399,205$1,982,197
77$3,688,095$741,951$351,294$2,096,192
78$4,001,065$715,092$299,847$2,220,839
79$4,343,968$684,925$244,686$2,357,272
80$4,719,792$651,226$185,622$2,506,746
81$5,131,832$613,756$122,461$2,670,648
82$5,583,714$572,266$54,999$2,850,512
83$6,079,434$526,488$0$3,048,035
84$6,623,392$476,142$0$3,267,995
85$7,220,435$420,930$0$3,519,774
86$7,875,903$360,539$0$3,796,304
87$8,595,676$294,637$0$4,100,163
88$9,386,234$222,872$0$4,434,192
89$10,254,713$144,877$0$4,801,534
90$11,208,976$60,258$0$5,205,653
91$12,257,685$0$0$5,650,378
92$13,410,383$0$0$6,154,442
93$14,677,581$0$0$6,739,301
94$16,070,863$0$0$7,382,464
95$17,602,989$0$0$8,089,836
96$19,288,018$0$0$8,867,923
97$21,141,440$0$0$9,723,891
98$23,180,321$0$0$10,665,639
99$25,423,466$0$0$11,701,867
100$27,891,592$0$0$12,842,163