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%12.8%
1 years$65,898$65,311$64,738$64,179$63,634$62,891
2 years$32,623$32,015$31,426$30,856$30,302$29,554
3 years$21,533$20,922$20,335$19,769$19,225$18,495
4 years$15,988$15,380$14,799$14,243$13,711$13,006
5 years$12,663$12,058$11,484$10,940$10,423$9,744
6 years$10,447$9,846$9,281$8,749$8,247$7,595
7 years$8,864$8,269$7,713$7,193$6,707$6,082
8 years$7,678$7,088$6,541$6,034$5,564$4,966
9 years$6,756$6,171$5,634$5,139$4,686$4,114
10 years$6,018$5,440$4,912$4,430$3,993$3,448
11 years$5,415$4,843$4,324$3,856$3,434$2,915
12 years$4,913$4,347$3,838$3,382$2,976$2,482
13 years$4,489$3,928$3,429$2,986$2,595$2,126
14 years$4,125$3,570$3,081$2,650$2,275$1,830
15 years$3,811$3,262$2,781$2,364$2,003$1,581
16 years$3,535$2,993$2,522$2,116$1,770$1,371
17 years$3,293$2,756$2,295$1,902$1,569$1,193
18 years$3,078$2,547$2,095$1,714$1,395$1,040
19 years$2,885$2,360$1,918$1,548$1,244$909
20 years$2,712$2,193$1,760$1,402$1,111$795
21 years$2,556$2,043$1,619$1,273$994$697
22 years$2,414$1,907$1,492$1,157$891$612
23 years$2,285$1,784$1,378$1,054$800$538
24 years$2,166$1,671$1,274$961$719$473
25 years$2,057$1,568$1,180$878$647$417
26 years$1,957$1,474$1,094$803$583$367
27 years$1,864$1,387$1,016$735$525$324
28 years$1,779$1,307$945$673$474$286
29 years$1,699$1,233$879$617$428$252
30 years$1,624$1,165$819$567$387$223
31 years$1,555$1,101$763$520$350$197
32 years$1,490$1,042$712$478$316$174
33 years$1,429$986$665$440$286$154
34 years$1,372$935$621$405$259$136
35 years$1,318$887$581$372$235$121
36 years$1,267$842$543$343$213$107
37 years$1,220$799$509$316$193$94
38 years$1,174$760$476$291$175$84
39 years$1,132$722$446$269$159$74
40 years$1,091$687$418$248$144$66
41 years$1,053$654$392$229$130$58
42 years$1,016$623$368$211$118$51
43 years$981$594$345$195$107$46
44 years$948$566$324$180$98$40
45 years$917$540$304$166$89$36
46 years$887$515$286$153$80$32
47 years$858$491$269$142$73$28
48 years$830$469$252$131$66$25
49 years$804$448$237$121$60$22
50 years$779$428$223$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $798,000, adding $4,857 every year, while hoping to spend $46,932 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: 36/39/25 Blend
56$798,000$798,000$798,000$798,000
57$884,406$842,112$829,743$909,441
58$924,680$833,440$807,604$919,679
59$967,489$822,771$783,151$926,080
60$1,013,042$809,956$756,255$932,064
61$1,061,568$794,839$726,786$937,624
62$1,113,318$777,255$694,602$942,756
63$1,168,565$757,029$659,560$947,459
64$1,227,610$733,976$621,507$951,738
65$1,290,783$707,898$580,285$955,602
66$1,358,446$678,587$535,727$959,067
67$1,430,994$645,825$487,660$962,155
68$1,508,863$609,378$435,904$964,897
69$1,592,529$569,000$380,270$967,334
70$1,682,518$524,431$320,559$969,514
71$1,779,402$475,396$256,565$971,502
72$1,883,815$421,604$188,074$973,372
73$1,996,450$362,748$114,860$975,218
74$2,118,068$298,503$36,689$977,146
75$2,249,509$228,527$0$979,288
76$2,391,691$152,457$0$994,259
77$2,545,626$69,911$0$1,021,024
78$2,712,428$0$0$1,050,061
79$2,893,319$0$0$1,090,057
80$3,089,643$0$0$1,166,123
81$3,302,881$0$0$1,248,841
82$3,534,659$0$0$1,338,855
83$3,786,767$0$0$1,436,874
84$4,061,174$0$0$1,543,677
85$4,360,048$0$0$1,660,120
86$4,685,773$0$0$1,787,150
87$5,040,974$0$0$1,925,804
88$5,428,539$0$0$2,077,226
89$5,851,646$0$0$2,242,675
90$6,313,797$0$0$2,423,537
91$6,818,844$0$0$2,621,339
92$7,371,028$0$0$2,837,761
93$7,975,019$0$0$3,074,653
94$8,635,961$0$0$3,334,052
95$9,359,514$0$0$3,618,202
96$10,151,914$0$0$3,929,573
97$11,020,028$0$0$4,270,888
98$11,971,417$0$0$4,645,142
99$13,014,409$0$0$5,055,636
100$14,158,176$0$0$5,506,007