Can I retire at age 57 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$65,981$65,393$64,820$64,260$63,713$61,872
2 years$32,664$32,055$31,466$30,894$30,340$28,499
3 years$21,559$20,949$20,360$19,794$19,249$17,467
4 years$16,008$15,399$14,817$14,261$13,728$12,019
5 years$12,679$12,073$11,499$10,954$10,436$8,803
6 years$10,460$9,859$9,293$8,760$8,258$6,703
7 years$8,875$8,279$7,722$7,202$6,716$5,240
8 years$7,687$7,097$6,549$6,041$5,571$4,173
9 years$6,764$6,179$5,641$5,146$4,692$3,369
10 years$6,026$5,447$4,918$4,436$3,998$2,749
11 years$5,422$4,849$4,329$3,860$3,438$2,262
12 years$4,919$4,352$3,842$3,386$2,979$1,873
13 years$4,494$3,933$3,433$2,989$2,598$1,559
14 years$4,131$3,575$3,084$2,654$2,278$1,304
15 years$3,815$3,266$2,785$2,367$2,005$1,094
16 years$3,540$2,996$2,525$2,119$1,772$920
17 years$3,297$2,759$2,298$1,904$1,571$776
18 years$3,081$2,550$2,097$1,716$1,397$656
19 years$2,889$2,363$1,920$1,550$1,245$555
20 years$2,716$2,196$1,762$1,404$1,112$470
21 years$2,559$2,045$1,621$1,274$995$399
22 years$2,417$1,909$1,494$1,159$892$339
23 years$2,287$1,786$1,379$1,055$801$288
24 years$2,169$1,673$1,276$962$720$245
25 years$2,060$1,570$1,181$879$648$208
26 years$1,960$1,476$1,096$804$584$178
27 years$1,867$1,389$1,017$736$526$151
28 years$1,781$1,309$946$674$475$129
29 years$1,701$1,235$880$618$429$110
30 years$1,626$1,166$820$567$387$94
31 years$1,557$1,102$764$521$350$80
32 years$1,492$1,043$713$479$317$68
33 years$1,431$988$666$440$287$58
34 years$1,374$936$622$405$260$50
35 years$1,320$888$582$373$235$42
36 years$1,269$843$544$343$213$36
37 years$1,221$800$509$316$193$31
38 years$1,176$761$477$292$175$26
39 years$1,133$723$447$269$159$22
40 years$1,092$688$419$248$144$19
41 years$1,054$655$393$229$131$16
42 years$1,017$624$368$211$119$14
43 years$982$594$346$195$108$12
44 years$949$567$324$180$98$10
45 years$918$540$305$166$89$9
46 years$888$515$286$154$80$7
47 years$859$492$269$142$73$6
48 years$831$470$253$131$66$5
49 years$805$448$237$121$60$5
50 years$780$428$223$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $799,000, adding $6,974 every year, while hoping to spend $20,123 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: 66/21/13 Blend
56$799,000$799,000$799,000$799,000
57$887,692$845,345$832,960$943,180
58$956,826$865,356$839,454$1,001,087
59$1,032,337$885,673$845,490$1,061,350
60$1,114,854$906,290$851,033$1,126,710
61$1,205,071$927,200$856,044$1,197,665
62$1,303,749$948,394$860,483$1,274,762
63$1,411,730$969,863$864,307$1,358,604
64$1,529,936$991,597$867,472$1,449,855
65$1,659,388$1,013,583$869,930$1,549,248
66$1,801,205$1,035,809$871,633$1,657,588
67$1,956,624$1,058,259$872,528$1,775,764
68$2,127,003$1,080,918$872,562$1,904,753
69$2,313,842$1,103,767$871,677$2,045,635
70$2,518,790$1,126,787$869,814$2,199,596
71$2,743,663$1,149,957$866,910$2,367,945
72$2,990,465$1,173,252$862,899$2,552,124
73$3,261,399$1,196,648$857,713$2,753,723
74$3,558,894$1,220,117$851,279$2,974,490
75$3,885,626$1,243,628$843,521$3,216,357
76$4,244,542$1,267,148$834,362$3,481,448
77$4,638,889$1,290,642$823,716$3,772,106
78$5,072,244$1,314,071$811,499$4,090,913
79$5,548,546$1,337,394$797,618$4,440,713
80$6,072,138$1,360,566$781,978$4,824,642
81$6,647,802$1,383,540$764,480$5,246,153
82$7,280,808$1,406,263$745,020$5,709,054
83$7,976,960$1,428,680$723,488$6,217,541
84$8,742,655$1,450,730$699,770$6,776,237
85$9,584,940$1,472,351$673,747$7,390,239
86$10,511,581$1,493,472$645,294$8,065,161
87$11,531,131$1,514,022$614,280$8,807,192
88$12,653,018$1,533,920$580,570$9,623,153
89$13,887,628$1,553,084$544,021$10,520,560
90$15,246,403$1,571,422$504,483$11,507,697
91$16,741,954$1,588,840$461,801$12,593,692
92$18,388,174$1,605,234$415,812$13,788,608
93$20,200,373$1,620,496$366,347$15,103,531
94$22,195,419$1,634,508$313,228$16,550,682
95$24,391,901$1,647,148$256,269$18,143,527
96$26,810,298$1,658,281$195,278$19,896,908
97$29,473,180$1,667,769$130,052$21,827,182
98$32,405,416$1,675,461$60,380$23,952,374
99$35,634,408$1,681,198$0$26,292,352
100$39,190,351$1,684,811$0$28,870,947