Can I retire at age 57 with 784,000?

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 $784,000?

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$64,742$64,165$63,603$63,053$62,517$62,071
2 years$32,050$31,454$30,875$30,314$29,770$29,320
3 years$21,155$20,555$19,978$19,423$18,887$18,448
4 years$15,708$15,110$14,539$13,993$13,471$13,045
5 years$12,441$11,847$11,283$10,748$10,240$9,829
6 years$10,263$9,674$9,118$8,595$8,103$7,707
7 years$8,709$8,124$7,577$7,067$6,590$6,209
8 years$7,543$6,964$6,426$5,928$5,467$5,102
9 years$6,637$6,063$5,535$5,049$4,604$4,255
10 years$5,913$5,344$4,825$4,353$3,923$3,589
11 years$5,320$4,758$4,248$3,788$3,374$3,055
12 years$4,827$4,270$3,770$3,323$2,924$2,619
13 years$4,410$3,859$3,368$2,933$2,549$2,260
14 years$4,053$3,508$3,027$2,604$2,235$1,959
15 years$3,744$3,204$2,733$2,322$1,968$1,706
16 years$3,473$2,940$2,477$2,079$1,739$1,490
17 years$3,235$2,708$2,254$1,868$1,542$1,306
18 years$3,024$2,502$2,058$1,684$1,371$1,148
19 years$2,835$2,319$1,884$1,521$1,222$1,011
20 years$2,665$2,155$1,729$1,378$1,092$892
21 years$2,511$2,007$1,590$1,250$977$788
22 years$2,372$1,874$1,466$1,137$876$698
23 years$2,244$1,752$1,353$1,035$786$619
24 years$2,128$1,642$1,252$944$706$549
25 years$2,021$1,541$1,159$862$636$487
26 years$1,923$1,448$1,075$789$573$433
27 years$1,832$1,363$998$722$516$386
28 years$1,747$1,284$928$661$466$343
29 years$1,669$1,211$864$606$421$306
30 years$1,596$1,144$805$557$380$273
31 years$1,528$1,082$750$511$344$243
32 years$1,464$1,023$700$470$311$217
33 years$1,404$969$653$432$281$194
34 years$1,348$919$610$397$255$173
35 years$1,295$871$571$366$231$154
36 years$1,245$827$534$337$209$138
37 years$1,198$785$500$311$189$123
38 years$1,154$746$468$286$172$110
39 years$1,112$710$438$264$156$98
40 years$1,072$675$411$243$141$88
41 years$1,034$643$385$225$128$79
42 years$998$612$361$207$116$70
43 years$964$583$339$191$106$63
44 years$932$556$318$177$96$56
45 years$901$530$299$163$87$50
46 years$871$506$281$151$79$45
47 years$843$483$264$139$72$40
48 years$816$461$248$129$65$36
49 years$790$440$233$119$59$32
50 years$765$420$219$110$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $784,000, adding $2,825 every year, while hoping to spend $43,646 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: 46/31/23 Blend
56$784,000$784,000$784,000$784,000
57$866,882$825,330$813,178$900,922
58$908,865$819,332$793,980$919,136
59$953,667$811,578$772,677$934,363
60$1,001,531$801,934$749,151$950,003
61$1,052,720$790,262$723,280$966,115
62$1,107,524$776,412$694,938$982,768
63$1,166,263$760,227$663,989$1,000,040
64$1,229,285$741,542$630,296$1,018,021
65$1,296,973$720,178$593,712$1,036,813
66$1,369,748$695,951$554,085$1,056,533
67$1,448,071$668,661$511,256$1,077,312
68$1,532,450$638,100$465,058$1,099,301
69$1,623,440$604,048$415,317$1,122,668
70$1,721,653$566,269$361,853$1,147,604
71$1,827,762$524,516$304,476$1,174,324
72$1,942,505$478,528$242,987$1,203,071
73$2,066,693$428,029$177,179$1,234,118
74$2,201,220$372,726$106,838$1,267,770
75$2,347,065$312,311$31,738$1,304,372
76$2,505,308$246,456$0$1,344,307
77$2,677,135$174,818$0$1,399,888
78$2,863,852$97,034$0$1,468,801
79$3,066,894$12,717$0$1,543,851
80$3,287,840$0$0$1,625,707
81$3,528,429$0$0$1,741,901
82$3,790,572$0$0$1,873,315
83$4,076,375$0$0$2,016,676
84$4,388,153$0$0$2,173,156
85$4,728,457$0$0$2,344,048
86$5,100,091$0$0$2,530,770
87$5,506,147$0$0$2,734,889
88$5,950,024$0$0$2,958,126
89$6,435,468$0$0$3,202,378
90$6,966,601$0$0$3,469,734
91$7,547,963$0$0$3,762,492
92$8,184,553$0$0$4,083,185
93$8,881,876$0$0$4,434,602
94$9,645,995$0$0$4,819,813
95$10,483,587$0$0$5,242,202
96$11,402,004$0$0$5,705,494
97$12,409,346$0$0$6,213,792
98$13,514,534$0$0$6,771,616
99$14,727,393$0$0$7,383,945
100$16,058,747$0$0$8,056,262