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%14.7%
1 years$65,981$65,393$64,820$64,260$63,713$62,478
2 years$32,664$32,055$31,466$30,894$30,340$29,100
3 years$21,559$20,949$20,360$19,794$19,249$18,044
4 years$16,008$15,399$14,817$14,261$13,728$12,567
5 years$12,679$12,073$11,499$10,954$10,436$9,322
6 years$10,460$9,859$9,293$8,760$8,258$7,192
7 years$8,875$8,279$7,722$7,202$6,716$5,698
8 years$7,687$7,097$6,549$6,041$5,571$4,602
9 years$6,764$6,179$5,641$5,146$4,692$3,770
10 years$6,026$5,447$4,918$4,436$3,998$3,123
11 years$5,422$4,849$4,329$3,860$3,438$2,609
12 years$4,919$4,352$3,842$3,386$2,979$2,194
13 years$4,494$3,933$3,433$2,989$2,598$1,856
14 years$4,131$3,575$3,084$2,654$2,278$1,578
15 years$3,815$3,266$2,785$2,367$2,005$1,346
16 years$3,540$2,996$2,525$2,119$1,772$1,152
17 years$3,297$2,759$2,298$1,904$1,571$988
18 years$3,081$2,550$2,097$1,716$1,397$850
19 years$2,889$2,363$1,920$1,550$1,245$732
20 years$2,716$2,196$1,762$1,404$1,112$632
21 years$2,559$2,045$1,621$1,274$995$546
22 years$2,417$1,909$1,494$1,159$892$473
23 years$2,287$1,786$1,379$1,055$801$409
24 years$2,169$1,673$1,276$962$720$355
25 years$2,060$1,570$1,181$879$648$308
26 years$1,960$1,476$1,096$804$584$267
27 years$1,867$1,389$1,017$736$526$232
28 years$1,781$1,309$946$674$475$202
29 years$1,701$1,235$880$618$429$175
30 years$1,626$1,166$820$567$387$153
31 years$1,557$1,102$764$521$350$133
32 years$1,492$1,043$713$479$317$115
33 years$1,431$988$666$440$287$101
34 years$1,374$936$622$405$260$87
35 years$1,320$888$582$373$235$76
36 years$1,269$843$544$343$213$66
37 years$1,221$800$509$316$193$58
38 years$1,176$761$477$292$175$50
39 years$1,133$723$447$269$159$44
40 years$1,092$688$419$248$144$38
41 years$1,054$655$393$229$131$33
42 years$1,017$624$368$211$119$29
43 years$982$594$346$195$108$25
44 years$949$567$324$180$98$22
45 years$918$540$305$166$89$19
46 years$888$515$286$154$80$17
47 years$859$492$269$142$73$15
48 years$831$470$253$131$66$13
49 years$805$448$237$121$60$11
50 years$780$428$223$112$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $799,000, adding $2,676 every year, while hoping to spend $25,743 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: 73/18/9 Blend
56$799,000$799,000$799,000$799,000
57$883,258$840,911$828,527$946,154
58$945,960$854,726$828,892$1,001,840
59$1,014,195$868,354$828,407$1,059,334
60$1,088,500$881,760$827,015$1,121,588
61$1,169,466$894,905$824,659$1,189,064
62$1,257,743$907,748$821,277$1,262,272
63$1,354,048$920,242$816,805$1,341,773
64$1,459,169$932,342$811,176$1,428,186
65$1,573,972$943,995$804,319$1,522,193
66$1,699,414$955,147$796,160$1,624,546
67$1,836,545$965,740$786,622$1,736,070
68$1,986,522$975,712$775,624$1,857,679
69$2,150,621$984,995$763,081$1,990,378
70$2,330,245$993,520$748,904$2,135,274
71$2,526,938$1,001,210$733,000$2,293,586
72$2,742,402$1,007,986$715,273$2,466,661
73$2,978,512$1,013,763$695,619$2,655,979
74$3,237,332$1,018,448$673,933$2,863,175
75$3,521,133$1,021,946$650,104$3,090,049
76$3,832,421$1,024,154$624,015$3,338,584
77$4,173,952$1,024,962$595,544$3,610,966
78$4,548,765$1,024,254$564,563$3,909,607
79$4,960,203$1,021,907$530,941$4,237,161
80$5,411,954$1,017,790$494,537$4,596,555
81$5,908,076$1,011,765$455,207$4,991,017
82$6,453,042$1,003,683$412,799$5,424,101
83$7,051,778$993,389$367,153$5,899,728
84$7,709,711$980,718$318,105$6,422,216
85$8,432,822$965,493$265,482$6,996,327
86$9,227,696$947,529$209,102$7,627,307
87$10,101,592$926,628$148,777$8,320,941
88$11,062,504$902,583$84,311$9,083,603
89$12,119,241$875,171$15,497$9,922,318
90$13,281,509$844,160$0$10,844,830
91$14,560,001$809,301$0$11,865,238
92$15,966,497$770,334$0$12,989,335
93$17,513,980$726,980$0$14,226,020
94$19,216,752$678,947$0$15,586,745
95$21,090,570$625,926$0$17,084,128
96$23,152,801$567,589$0$18,732,076
97$25,422,575$503,589$0$20,545,915
98$27,920,974$433,561$0$22,542,535
99$30,671,226$357,119$0$24,740,549
100$33,698,927$273,853$0$27,160,471