Can I retire at age 57 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$64,247$63,674$63,116$62,571$62,039$61,596
2 years$31,805$31,213$30,639$30,082$29,542$29,096
3 years$20,993$20,398$19,825$19,274$18,743$18,307
4 years$15,588$14,995$14,428$13,886$13,368$12,945
5 years$12,346$11,756$11,197$10,666$10,162$9,754
6 years$10,185$9,600$9,048$8,529$8,041$7,648
7 years$8,642$8,062$7,519$7,012$6,539$6,162
8 years$7,485$6,910$6,377$5,883$5,425$5,063
9 years$6,586$6,017$5,492$5,011$4,569$4,222
10 years$5,867$5,303$4,788$4,319$3,893$3,561
11 years$5,280$4,721$4,216$3,759$3,348$3,031
12 years$4,790$4,238$3,741$3,297$2,901$2,599
13 years$4,376$3,830$3,343$2,911$2,530$2,242
14 years$4,022$3,481$3,003$2,584$2,218$1,944
15 years$3,715$3,180$2,712$2,304$1,953$1,693
16 years$3,447$2,918$2,458$2,063$1,726$1,479
17 years$3,210$2,687$2,237$1,854$1,530$1,296
18 years$3,000$2,483$2,042$1,671$1,361$1,139
19 years$2,813$2,301$1,870$1,510$1,213$1,003
20 years$2,644$2,138$1,716$1,367$1,083$885
21 years$2,492$1,992$1,578$1,241$969$782
22 years$2,353$1,859$1,455$1,128$869$692
23 years$2,227$1,739$1,343$1,028$780$614
24 years$2,112$1,629$1,242$937$701$545
25 years$2,006$1,529$1,150$856$631$484
26 years$1,908$1,437$1,067$783$568$430
27 years$1,818$1,352$991$716$512$383
28 years$1,734$1,274$921$656$462$341
29 years$1,656$1,202$857$602$417$303
30 years$1,584$1,135$798$552$377$270
31 years$1,516$1,073$744$507$341$241
32 years$1,453$1,016$694$466$308$215
33 years$1,393$962$648$429$279$192
34 years$1,338$911$606$394$253$171
35 years$1,285$865$566$363$229$153
36 years$1,236$821$530$334$207$137
37 years$1,189$779$496$308$188$122
38 years$1,145$741$464$284$170$109
39 years$1,103$704$435$262$155$98
40 years$1,064$670$408$242$140$87
41 years$1,026$638$382$223$127$78
42 years$991$607$359$206$115$70
43 years$957$579$337$190$105$62
44 years$924$552$316$175$95$56
45 years$894$526$297$162$86$50
46 years$864$502$279$150$78$45
47 years$836$479$262$138$71$40
48 years$810$457$246$128$65$36
49 years$784$437$231$118$59$32
50 years$760$417$217$109$53$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $778,000, adding $6,447 every year, while hoping to spend $58,087 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: 39/37/24 Blend
56$778,000$778,000$778,000$778,000
57$864,006$822,772$810,713$891,326
58$890,331$801,284$776,068$890,220
59$917,393$776,796$738,315$883,111
60$945,208$749,100$697,290$874,272
61$973,789$717,975$652,818$863,581
62$1,003,148$683,189$604,721$850,908
63$1,033,298$644,494$552,808$836,116
64$1,064,250$601,629$496,882$819,060
65$1,096,014$554,320$436,738$799,586
66$1,128,599$502,273$372,160$777,531
67$1,162,013$445,181$302,924$752,724
68$1,196,261$382,718$228,795$724,982
69$1,231,348$314,539$149,528$694,113
70$1,267,275$240,281$64,867$659,913
71$1,304,043$159,560$0$622,168
72$1,341,647$71,970$0$587,174
73$1,380,081$0$0$566,316
74$1,419,335$0$0$552,117
75$1,459,396$0$0$567,511
76$1,500,244$0$0$583,186
77$1,541,857$0$0$599,130
78$1,584,205$0$0$615,329
79$1,627,252$0$0$631,765
80$1,670,956$0$0$648,419
81$1,715,266$0$0$665,266
82$1,760,122$0$0$682,279
83$1,805,456$0$0$699,426
84$1,851,187$0$0$716,670
85$1,897,221$0$0$733,968
86$1,943,454$0$0$751,273
87$1,989,763$0$0$768,530
88$2,036,009$0$0$785,677
89$2,082,037$0$0$802,644
90$2,127,667$0$0$819,352
91$2,172,700$0$0$835,711
92$2,216,908$0$0$851,621
93$2,260,037$0$0$866,971
94$2,301,800$0$0$881,633
95$2,341,878$0$0$895,467
96$2,379,911$0$0$908,316
97$2,415,496$0$0$920,002
98$2,448,186$0$0$930,330
99$2,477,478$0$0$939,081
100$2,502,815$0$0$946,011