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%14.2%
1 years$65,981$65,393$64,820$64,260$63,713$62,606
2 years$32,664$32,055$31,466$30,894$30,340$29,228
3 years$21,559$20,949$20,360$19,794$19,249$18,167
4 years$16,008$15,399$14,817$14,261$13,728$12,685
5 years$12,679$12,073$11,499$10,954$10,436$9,434
6 years$10,460$9,859$9,293$8,760$8,258$7,298
7 years$8,875$8,279$7,722$7,202$6,716$5,799
8 years$7,687$7,097$6,549$6,041$5,571$4,697
9 years$6,764$6,179$5,641$5,146$4,692$3,859
10 years$6,026$5,447$4,918$4,436$3,998$3,206
11 years$5,422$4,849$4,329$3,860$3,438$2,687
12 years$4,919$4,352$3,842$3,386$2,979$2,268
13 years$4,494$3,933$3,433$2,989$2,598$1,925
14 years$4,131$3,575$3,084$2,654$2,278$1,641
15 years$3,815$3,266$2,785$2,367$2,005$1,405
16 years$3,540$2,996$2,525$2,119$1,772$1,206
17 years$3,297$2,759$2,298$1,904$1,571$1,039
18 years$3,081$2,550$2,097$1,716$1,397$897
19 years$2,889$2,363$1,920$1,550$1,245$775
20 years$2,716$2,196$1,762$1,404$1,112$672
21 years$2,559$2,045$1,621$1,274$995$583
22 years$2,417$1,909$1,494$1,159$892$506
23 years$2,287$1,786$1,379$1,055$801$440
24 years$2,169$1,673$1,276$962$720$383
25 years$2,060$1,570$1,181$879$648$334
26 years$1,960$1,476$1,096$804$584$291
27 years$1,867$1,389$1,017$736$526$254
28 years$1,781$1,309$946$674$475$221
29 years$1,701$1,235$880$618$429$193
30 years$1,626$1,166$820$567$387$169
31 years$1,557$1,102$764$521$350$147
32 years$1,492$1,043$713$479$317$129
33 years$1,431$988$666$440$287$113
34 years$1,374$936$622$405$260$98
35 years$1,320$888$582$373$235$86
36 years$1,269$843$544$343$213$75
37 years$1,221$800$509$316$193$66
38 years$1,176$761$477$292$175$58
39 years$1,133$723$447$269$159$50
40 years$1,092$688$419$248$144$44
41 years$1,054$655$393$229$131$39
42 years$1,017$624$368$211$119$34
43 years$982$594$346$195$108$30
44 years$949$567$324$180$98$26
45 years$918$540$305$166$89$23
46 years$888$515$286$154$80$20
47 years$859$492$269$142$73$17
48 years$831$470$253$131$66$15
49 years$805$448$237$121$60$13
50 years$780$428$223$112$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $799,000, adding $2,240 every year, while hoping to spend $23,386 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: 57/22/21 Blend
56$799,000$799,000$799,000$799,000
57$882,809$840,462$828,077$928,035
58$947,973$856,762$830,935$975,415
59$1,018,999$873,077$833,105$1,024,325
60$1,096,463$889,383$834,539$1,077,119
61$1,180,993$905,654$835,188$1,134,175
62$1,273,285$921,862$834,997$1,195,912
63$1,374,104$937,977$833,914$1,262,791
64$1,484,291$953,966$831,878$1,335,322
65$1,604,773$969,794$828,830$1,414,065
66$1,736,570$985,425$824,707$1,499,638
67$1,880,806$1,000,817$819,440$1,592,724
68$2,038,718$1,015,926$812,961$1,694,074
69$2,211,669$1,030,708$805,196$1,804,518
70$2,401,157$1,045,111$796,069$1,924,971
71$2,608,837$1,059,083$785,499$2,056,439
72$2,836,526$1,072,566$773,401$2,200,035
73$3,086,230$1,085,500$759,688$2,356,985
74$3,360,156$1,097,820$744,268$2,528,640
75$3,660,735$1,109,456$727,044$2,716,490
76$3,990,645$1,120,334$707,915$2,922,179
77$4,352,836$1,130,375$686,775$3,147,519
78$4,750,557$1,139,496$663,514$3,394,508
79$5,187,389$1,147,606$638,017$3,665,348
80$5,667,274$1,154,610$610,162$3,962,468
81$6,194,556$1,160,407$579,823$4,288,546
82$6,774,022$1,164,888$546,868$4,646,535
83$7,410,943$1,167,939$511,159$5,039,690
84$8,111,129$1,169,437$472,552$5,471,601
85$8,880,978$1,169,253$430,897$5,946,224
86$9,727,541$1,167,249$386,035$6,467,922
87$10,658,585$1,163,280$337,802$7,041,506
88$11,682,669$1,157,189$286,027$7,672,278
89$12,809,222$1,148,812$230,530$8,366,084
90$14,048,634$1,137,975$171,123$9,129,369
91$15,412,351$1,124,492$107,612$9,969,240
92$16,912,986$1,108,168$39,793$10,893,528
93$18,564,436$1,088,793$0$11,910,869
94$20,382,014$1,066,149$0$13,038,082
95$22,382,590$1,040,001$0$14,288,352
96$24,584,756$1,010,103$0$15,664,372
97$27,008,995$976,192$0$17,178,949
98$29,677,880$937,993$0$18,846,196
99$32,616,281$895,212$0$20,681,668
100$35,851,604$847,539$0$22,702,507