Can I retire at age 57 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$64,081$63,511$62,954$62,410$61,879$60,408
2 years$31,723$31,133$30,560$30,005$29,466$27,993
3 years$20,939$20,346$19,774$19,224$18,695$17,265
4 years$15,548$14,956$14,391$13,850$13,333$11,958
5 years$12,314$11,726$11,168$10,638$10,136$8,819
6 years$10,159$9,575$9,025$8,507$8,020$6,763
7 years$8,620$8,041$7,500$6,994$6,522$5,325
8 years$7,466$6,893$6,361$5,867$5,411$4,273
9 years$6,569$6,001$5,478$4,998$4,557$3,478
10 years$5,852$5,290$4,776$4,308$3,883$2,861
11 years$5,266$4,709$4,205$3,749$3,339$2,374
12 years$4,778$4,227$3,732$3,289$2,894$1,982
13 years$4,365$3,820$3,334$2,903$2,523$1,665
14 years$4,012$3,472$2,996$2,577$2,212$1,404
15 years$3,706$3,172$2,705$2,299$1,948$1,189
16 years$3,438$2,910$2,452$2,058$1,721$1,009
17 years$3,202$2,680$2,231$1,849$1,526$859
18 years$2,993$2,476$2,037$1,666$1,357$733
19 years$2,806$2,295$1,865$1,506$1,210$626
20 years$2,637$2,133$1,711$1,364$1,080$536
21 years$2,485$1,987$1,574$1,238$967$460
22 years$2,347$1,854$1,451$1,125$867$394
23 years$2,222$1,734$1,340$1,025$778$339
24 years$2,106$1,625$1,239$935$699$291
25 years$2,001$1,525$1,147$854$629$250
26 years$1,903$1,433$1,064$781$567$215
27 years$1,813$1,349$988$714$511$185
28 years$1,730$1,271$919$655$461$160
29 years$1,652$1,199$855$600$416$138
30 years$1,580$1,132$796$551$376$119
31 years$1,512$1,070$742$506$340$102
32 years$1,449$1,013$693$465$308$88
33 years$1,390$959$647$428$278$76
34 years$1,334$909$604$393$252$66
35 years$1,282$862$565$362$228$57
36 years$1,232$818$528$334$207$49
37 years$1,186$777$495$307$187$42
38 years$1,142$739$463$283$170$36
39 years$1,100$702$434$261$154$31
40 years$1,061$668$407$241$140$27
41 years$1,023$636$381$222$127$23
42 years$988$606$358$205$115$20
43 years$954$577$336$189$104$17
44 years$922$550$315$175$95$15
45 years$891$525$296$161$86$13
46 years$862$501$278$149$78$11
47 years$834$478$261$138$71$10
48 years$808$456$245$127$64$8
49 years$782$435$231$118$59$7
50 years$758$416$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $776,000, adding $2,074 every year, while hoping to spend $24,099 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: 58/28/14 Blend
56$776,000$776,000$776,000$776,000
57$857,291$816,163$804,135$903,854
58$919,094$830,514$805,433$949,914
59$986,393$844,761$805,966$997,253
60$1,059,723$858,872$805,684$1,048,291
61$1,139,673$872,815$804,533$1,103,387
62$1,226,892$886,555$802,457$1,162,938
63$1,322,093$900,054$799,397$1,227,380
64$1,426,061$913,272$795,291$1,297,194
65$1,539,661$926,164$790,075$1,372,910
66$1,663,844$938,684$783,681$1,455,113
67$1,799,659$950,782$776,037$1,544,448
68$1,948,260$962,406$767,070$1,641,627
69$2,110,916$973,498$756,701$1,747,434
70$2,289,028$983,997$744,848$1,862,732
71$2,484,134$993,839$731,426$1,988,477
72$2,697,933$1,002,954$716,346$2,125,717
73$2,932,293$1,011,269$699,514$2,275,614
74$3,189,271$1,018,706$680,832$2,439,445
75$3,471,134$1,025,180$660,198$2,618,620
76$3,780,379$1,030,603$637,503$2,814,692
77$4,119,755$1,034,880$612,637$3,029,376
78$4,492,292$1,037,910$585,482$3,264,560
79$4,901,325$1,039,588$555,915$3,522,329
80$5,350,531$1,039,798$523,809$3,804,980
81$5,843,957$1,038,421$489,029$4,115,045
82$6,386,065$1,035,327$451,436$4,455,319
83$6,981,768$1,030,382$410,883$4,828,880
84$7,636,478$1,023,441$367,218$5,239,124
85$8,356,160$1,014,351$320,281$5,689,795
86$9,147,384$1,002,949$269,905$6,185,021
87$10,017,387$989,064$215,917$6,729,352
88$10,974,146$972,513$158,135$7,327,805
89$12,026,445$953,103$96,370$7,985,914
90$13,183,967$930,630$30,423$8,709,777
91$14,457,377$904,876$0$9,506,117
92$15,858,427$875,613$0$10,388,317
93$17,400,066$842,597$0$11,363,818
94$19,096,561$805,572$0$12,437,114
95$20,963,631$764,266$0$13,618,173
96$23,018,598$718,391$0$14,917,980
97$25,280,546$667,644$0$16,348,645
98$27,770,506$611,703$0$17,923,515
99$30,511,649$550,228$0$19,657,301
100$33,529,509$482,860$0$21,566,215