Can I retire at age 57 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$64,494$63,920$63,359$62,812$62,278$60,946
2 years$31,928$31,333$30,757$30,198$29,656$28,321
3 years$21,074$20,477$19,902$19,348$18,815$17,518
4 years$15,648$15,052$14,483$13,939$13,419$12,170
5 years$12,393$11,801$11,240$10,707$10,201$9,003
6 years$10,224$9,637$9,083$8,562$8,072$6,927
7 years$8,675$8,093$7,548$7,040$6,564$5,473
8 years$7,514$6,937$6,402$5,905$5,446$4,407
9 years$6,612$6,040$5,514$5,030$4,586$3,600
10 years$5,890$5,324$4,807$4,336$3,908$2,973
11 years$5,300$4,740$4,232$3,774$3,361$2,476
12 years$4,809$4,254$3,756$3,310$2,912$2,076
13 years$4,393$3,844$3,356$2,922$2,540$1,750
14 years$4,037$3,494$3,015$2,594$2,226$1,482
15 years$3,729$3,192$2,722$2,313$1,960$1,260
16 years$3,460$2,929$2,468$2,071$1,732$1,075
17 years$3,223$2,697$2,246$1,861$1,536$919
18 years$3,012$2,492$2,050$1,677$1,366$787
19 years$2,824$2,310$1,877$1,516$1,217$676
20 years$2,654$2,147$1,722$1,373$1,087$581
21 years$2,501$1,999$1,584$1,246$973$500
22 years$2,363$1,866$1,460$1,133$872$431
23 years$2,236$1,746$1,348$1,032$783$372
24 years$2,120$1,636$1,247$941$704$321
25 years$2,014$1,535$1,155$859$633$278
26 years$1,915$1,443$1,071$786$570$240
27 years$1,825$1,358$995$719$514$208
28 years$1,741$1,279$925$659$464$180
29 years$1,663$1,207$860$604$419$156
30 years$1,590$1,140$801$554$379$135
31 years$1,522$1,077$747$509$342$117
32 years$1,458$1,019$697$468$310$101
33 years$1,399$965$651$430$280$88
34 years$1,343$915$608$396$254$76
35 years$1,290$868$569$365$230$66
36 years$1,240$824$532$336$208$57
37 years$1,194$782$498$309$189$50
38 years$1,149$744$466$285$171$43
39 years$1,107$707$437$263$155$37
40 years$1,068$673$409$242$141$32
41 years$1,030$640$384$224$128$28
42 years$994$610$360$206$116$24
43 years$960$581$338$191$105$21
44 years$928$554$317$176$95$18
45 years$897$528$298$163$87$16
46 years$868$504$280$150$79$14
47 years$840$481$263$139$71$12
48 years$813$459$247$128$65$10
49 years$787$438$232$118$59$9
50 years$763$419$218$109$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $781,000, adding $6,703 every year, while hoping to spend $22,725 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: 56/24/20 Blend
56$781,000$781,000$781,000$781,000
57$867,576$826,183$814,078$911,146
58$931,890$842,487$817,170$957,929
59$1,002,002$858,828$819,604$1,005,871
60$1,078,479$875,184$821,335$1,057,602
61$1,161,947$891,531$822,312$1,113,490
62$1,253,093$907,843$822,487$1,173,944
63$1,352,673$924,093$821,805$1,239,413
64$1,461,522$940,249$820,211$1,310,390
65$1,580,555$956,279$817,647$1,387,423
66$1,710,783$972,148$814,050$1,471,113
67$1,853,319$987,819$809,356$1,562,123
68$2,009,386$1,003,251$803,498$1,661,186
69$2,180,334$1,018,401$796,406$1,769,108
70$2,367,647$1,033,221$788,004$1,886,778
71$2,572,961$1,047,663$778,216$2,015,177
72$2,798,077$1,061,673$766,960$2,155,388
73$3,044,979$1,075,193$754,152$2,308,601
74$3,315,852$1,088,163$739,701$2,476,132
75$3,613,103$1,100,517$723,515$2,659,431
76$3,939,384$1,112,186$705,497$2,860,097
77$4,297,614$1,123,096$685,544$3,079,891
78$4,691,011$1,133,168$663,550$3,320,757
79$5,123,117$1,142,317$639,403$3,584,838
80$5,597,838$1,150,453$612,985$3,874,496
81$6,119,474$1,157,481$584,176$4,192,336
82$6,692,762$1,163,300$552,848$4,541,230
83$7,322,922$1,167,800$518,867$4,924,345
84$8,015,704$1,170,866$482,093$5,345,170
85$8,777,445$1,172,377$442,382$5,807,557
86$9,615,123$1,172,203$399,581$6,315,747
87$10,536,430$1,170,205$353,531$6,874,419
88$11,549,837$1,166,237$304,066$7,488,731
89$12,664,681$1,160,143$251,012$8,164,369
90$13,891,247$1,151,758$194,190$8,907,602
91$15,240,868$1,140,908$133,409$9,725,340
92$16,726,030$1,127,406$68,472$10,625,202
93$18,360,493$1,111,057$0$11,615,587
94$20,159,416$1,091,652$0$12,705,930
95$22,139,503$1,068,969$0$13,921,866
96$24,319,159$1,042,776$0$15,260,066
97$26,718,666$1,012,824$0$16,732,984
98$29,360,369$978,851$0$18,354,344
99$32,268,892$940,580$0$20,139,272
100$35,471,368$897,718$0$22,104,437