Can I retire at age 57 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$64,659$64,083$63,522$62,973$62,438$61,428
2 years$32,010$31,413$30,836$30,276$29,732$28,718
3 years$21,128$20,529$19,953$19,398$18,863$17,876
4 years$15,688$15,091$14,520$13,975$13,453$12,501
5 years$12,425$11,832$11,268$10,734$10,227$9,312
6 years$10,250$9,661$9,107$8,584$8,092$7,215
7 years$8,697$8,114$7,568$7,058$6,581$5,742
8 years$7,533$6,955$6,418$5,920$5,460$4,659
9 years$6,629$6,055$5,528$5,043$4,598$3,835
10 years$5,905$5,338$4,819$4,347$3,918$3,192
11 years$5,314$4,752$4,243$3,783$3,369$2,680
12 years$4,821$4,265$3,765$3,318$2,920$2,266
13 years$4,404$3,854$3,364$2,930$2,546$1,927
14 years$4,048$3,503$3,023$2,601$2,232$1,647
15 years$3,739$3,200$2,729$2,319$1,965$1,413
16 years$3,469$2,936$2,474$2,077$1,737$1,216
17 years$3,231$2,704$2,252$1,866$1,540$1,049
18 years$3,020$2,499$2,055$1,682$1,369$907
19 years$2,831$2,316$1,882$1,519$1,220$787
20 years$2,661$2,152$1,727$1,376$1,090$683
21 years$2,508$2,005$1,588$1,249$976$594
22 years$2,369$1,871$1,464$1,136$874$517
23 years$2,242$1,750$1,352$1,034$785$450
24 years$2,125$1,640$1,250$943$706$393
25 years$2,019$1,539$1,158$861$635$343
26 years$1,920$1,446$1,074$788$572$300
27 years$1,829$1,361$997$721$516$262
28 years$1,745$1,283$927$661$465$229
29 years$1,667$1,210$863$606$420$201
30 years$1,594$1,143$803$556$380$176
31 years$1,526$1,080$749$511$343$154
32 years$1,462$1,022$699$469$310$135
33 years$1,402$968$653$431$281$118
34 years$1,346$917$610$397$254$103
35 years$1,293$870$570$365$230$91
36 years$1,244$826$533$337$209$80
37 years$1,197$784$499$310$189$70
38 years$1,152$745$467$286$172$61
39 years$1,110$709$438$264$156$54
40 years$1,070$674$410$243$141$47
41 years$1,033$642$385$224$128$41
42 years$997$611$361$207$116$36
43 years$963$583$339$191$105$32
44 years$930$555$318$176$96$28
45 years$899$529$299$163$87$24
46 years$870$505$280$150$79$21
47 years$842$482$263$139$72$19
48 years$815$460$248$128$65$17
49 years$789$439$233$119$59$15
50 years$764$420$219$110$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $783,000, adding $2,279 every year, while hoping to spend $26,747 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: 25/48/27 Blend
56$783,000$783,000$783,000$783,000
57$865,217$823,718$811,581$879,457
58$925,010$835,621$810,311$903,358
59$990,006$847,212$808,101$926,536
60$1,060,707$858,445$804,893$950,829
61$1,137,666$869,276$800,623$976,348
62$1,221,490$879,653$795,227$1,003,218
63$1,312,850$889,524$788,634$1,031,577
64$1,412,482$898,831$780,775$1,061,580
65$1,521,196$907,515$771,572$1,093,398
66$1,639,885$915,511$760,947$1,127,222
67$1,769,532$922,749$748,817$1,163,267
68$1,911,218$929,157$735,096$1,201,768
69$2,066,133$934,657$719,692$1,242,989
70$2,235,589$939,165$702,512$1,287,223
71$2,421,028$942,594$683,456$1,334,796
72$2,624,041$944,848$662,419$1,386,069
73$2,846,377$945,830$639,294$1,441,444
74$3,089,964$945,432$613,967$1,501,368
75$3,356,924$943,542$586,319$1,566,334
76$3,649,596$940,041$556,226$1,636,893
77$3,970,553$934,802$523,558$1,713,654
78$4,322,632$927,690$488,180$1,797,292
79$4,708,956$918,562$449,950$1,888,558
80$5,132,966$907,268$408,719$1,988,280
81$5,598,451$893,647$364,334$2,097,380
82$6,109,587$877,529$316,633$2,216,878
83$6,670,971$858,734$265,446$2,347,902
84$7,287,670$837,072$210,598$2,491,703
85$7,965,264$812,341$151,905$2,649,666
86$8,709,902$784,326$89,175$2,823,324
87$9,528,357$752,803$22,207$3,014,372
88$10,428,090$717,531$0$3,224,689
89$11,417,323$678,258$0$3,470,541
90$12,505,113$634,716$0$3,747,785
91$13,701,440$586,622$0$4,052,622
92$15,017,297$533,677$0$4,387,931
93$16,464,798$475,564$0$4,756,888
94$18,057,291$411,950$0$5,163,001
95$19,809,479$342,480$0$5,610,145
96$21,737,567$266,782$0$6,102,594
97$23,859,406$184,462$0$6,645,067
98$26,194,668$95,104$0$7,242,774
99$28,765,028$0$0$7,901,464
100$31,594,367$0$0$8,628,397