Can I retire at age 57 with 780,000?

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 $780,000?

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$64,412$63,838$63,278$62,732$62,198$60,401
2 years$31,887$31,293$30,718$30,160$29,618$27,822
3 years$21,047$20,450$19,876$19,323$18,791$17,052
4 years$15,628$15,033$14,465$13,921$13,402$11,733
5 years$12,377$11,786$11,225$10,693$10,188$8,594
6 years$10,211$9,624$9,072$8,551$8,061$6,544
7 years$8,664$8,082$7,539$7,031$6,556$5,115
8 years$7,505$6,928$6,393$5,898$5,439$4,074
9 years$6,603$6,032$5,507$5,024$4,580$3,289
10 years$5,882$5,317$4,801$4,330$3,903$2,684
11 years$5,293$4,734$4,227$3,769$3,356$2,208
12 years$4,803$4,249$3,751$3,306$2,909$1,829
13 years$4,388$3,839$3,351$2,918$2,536$1,522
14 years$4,032$3,490$3,011$2,591$2,223$1,273
15 years$3,725$3,188$2,719$2,310$1,958$1,068
16 years$3,456$2,925$2,465$2,069$1,730$898
17 years$3,219$2,694$2,243$1,859$1,534$757
18 years$3,008$2,489$2,047$1,675$1,364$640
19 years$2,820$2,307$1,874$1,514$1,216$542
20 years$2,651$2,144$1,720$1,371$1,086$459
21 years$2,498$1,997$1,582$1,244$972$389
22 years$2,359$1,864$1,458$1,131$871$331
23 years$2,233$1,743$1,346$1,030$782$281
24 years$2,117$1,633$1,245$940$703$239
25 years$2,011$1,533$1,153$858$632$204
26 years$1,913$1,441$1,070$785$570$173
27 years$1,822$1,356$993$718$514$148
28 years$1,738$1,278$923$658$463$126
29 years$1,660$1,205$859$603$418$107
30 years$1,588$1,138$800$554$378$91
31 years$1,520$1,076$746$509$342$78
32 years$1,456$1,018$696$467$309$67
33 years$1,397$964$650$430$280$57
34 years$1,341$914$607$395$253$48
35 years$1,288$867$568$364$229$41
36 years$1,239$823$531$335$208$35
37 years$1,192$781$497$309$188$30
38 years$1,148$743$466$285$171$26
39 years$1,106$706$436$263$155$22
40 years$1,066$672$409$242$141$19
41 years$1,029$639$383$223$127$16
42 years$993$609$360$206$116$14
43 years$959$580$337$190$105$12
44 years$927$553$317$176$95$10
45 years$896$527$297$162$87$8
46 years$867$503$279$150$79$7
47 years$839$480$262$139$71$6
48 years$812$458$247$128$65$5
49 years$786$438$232$118$59$5
50 years$762$418$218$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $780,000, adding $4,055 every year, while hoping to spend $53,588 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: 56/34/10 Blend
56$780,000$780,000$780,000$780,000
57$863,743$822,403$810,313$909,774
58$894,827$805,683$780,441$924,627
59$927,286$786,348$747,773$934,525
60$961,204$764,214$712,157$944,023
61$996,670$739,083$673,437$953,093
62$1,033,782$710,750$631,450$961,703
63$1,072,646$678,996$586,022$969,823
64$1,113,378$643,588$536,975$977,423
65$1,156,100$604,282$484,122$984,474
66$1,200,949$560,818$427,266$990,945
67$1,248,071$512,923$366,204$996,809
68$1,297,624$460,307$300,723$1,002,039
69$1,349,783$402,663$230,598$1,006,610
70$1,404,736$339,668$155,598$1,010,498
71$1,462,688$270,981$75,480$1,013,685
72$1,523,864$196,241$0$1,016,152
73$1,588,506$115,065$0$1,018,958
74$1,656,883$27,052$0$1,029,688
75$1,729,283$0$0$1,040,310
76$1,806,026$0$0$1,076,383
77$1,887,458$0$0$1,125,434
78$1,973,958$0$0$1,177,576
79$2,065,941$0$0$1,233,062
80$2,163,862$0$0$1,292,171
81$2,268,217$0$0$1,355,211
82$2,379,551$0$0$1,422,514
83$2,498,461$0$0$1,494,448
84$2,625,600$0$0$1,571,414
85$2,761,684$0$0$1,653,854
86$2,907,499$0$0$1,742,251
87$3,063,907$0$0$1,837,135
88$3,231,854$0$0$1,939,088
89$3,412,377$0$0$2,048,749
90$3,606,617$0$0$2,166,820
91$3,815,823$0$0$2,294,070
92$4,041,371$0$0$2,431,346
93$4,284,768$0$0$2,579,578
94$4,547,675$0$0$2,739,786
95$4,831,912$0$0$2,913,095
96$5,139,484$0$0$3,100,737
97$5,472,591$0$0$3,304,069
98$5,833,655$0$0$3,524,584
99$6,225,338$0$0$3,763,922
100$6,650,566$0$0$4,023,886