Can I retire at age 57 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$64,825$64,247$63,684$63,134$62,597$61,815
2 years$32,091$31,494$30,914$30,353$29,808$29,021
3 years$21,182$20,581$20,004$19,447$18,911$18,144
4 years$15,728$15,130$14,558$14,011$13,488$12,746
5 years$12,457$11,862$11,297$10,762$10,253$9,539
6 years$10,276$9,686$9,130$8,606$8,113$7,427
7 years$8,720$8,134$7,587$7,076$6,598$5,941
8 years$7,553$6,973$6,434$5,936$5,474$4,845
9 years$6,646$6,071$5,542$5,056$4,610$4,010
10 years$5,920$5,351$4,832$4,358$3,928$3,356
11 years$5,327$4,764$4,254$3,793$3,378$2,834
12 years$4,833$4,276$3,775$3,327$2,927$2,410
13 years$4,416$3,864$3,373$2,937$2,553$2,062
14 years$4,058$3,512$3,030$2,607$2,238$1,772
15 years$3,749$3,209$2,736$2,325$1,970$1,529
16 years$3,478$2,944$2,481$2,082$1,741$1,324
17 years$3,239$2,711$2,257$1,871$1,544$1,150
18 years$3,027$2,505$2,061$1,686$1,373$1,001
19 years$2,838$2,322$1,886$1,523$1,224$874
20 years$2,668$2,158$1,731$1,380$1,093$764
21 years$2,514$2,010$1,592$1,252$978$668
22 years$2,375$1,876$1,468$1,138$877$586
23 years$2,247$1,755$1,355$1,037$787$514
24 years$2,131$1,644$1,253$946$707$452
25 years$2,024$1,543$1,161$864$636$397
26 years$1,925$1,450$1,077$790$573$350
27 years$1,834$1,365$1,000$723$517$308
28 years$1,750$1,286$929$662$466$271
29 years$1,671$1,213$865$607$421$239
30 years$1,598$1,146$806$557$381$211
31 years$1,530$1,083$751$512$344$186
32 years$1,466$1,025$701$470$311$164
33 years$1,406$970$654$433$282$145
34 years$1,350$920$611$398$255$128
35 years$1,297$872$571$366$231$113
36 years$1,247$828$535$337$209$100
37 years$1,200$786$500$311$190$88
38 years$1,155$747$469$287$172$78
39 years$1,113$711$439$264$156$69
40 years$1,073$676$411$244$141$61
41 years$1,035$644$386$225$128$54
42 years$999$613$362$208$116$48
43 years$965$584$340$192$106$42
44 years$933$557$319$177$96$37
45 years$902$531$299$163$87$33
46 years$872$506$281$151$79$29
47 years$844$483$264$139$72$26
48 years$817$461$248$129$65$23
49 years$791$441$233$119$59$20
50 years$766$421$219$110$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $785,000, adding $3,073 every year, while hoping to spend $55,941 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: 54/40/6 Blend
56$785,000$785,000$785,000$785,000
57$868,240$826,635$814,467$913,790
58$897,279$807,619$782,231$925,901
59$927,406$785,797$747,040$932,634
60$958,672$760,971$708,736$938,596
61$991,132$732,934$667,155$943,722
62$1,024,845$701,466$622,122$947,945
63$1,059,875$666,333$573,458$951,194
64$1,096,288$627,289$520,975$953,393
65$1,134,156$584,073$464,475$954,465
66$1,173,558$536,411$403,753$954,326
67$1,214,576$484,010$338,594$952,891
68$1,257,300$426,563$268,773$950,071
69$1,301,824$363,744$194,057$945,770
70$1,348,253$295,210$114,200$939,893
71$1,396,697$220,598$28,948$932,336
72$1,447,276$139,524$0$922,993
73$1,500,120$51,583$0$915,727
74$1,555,369$0$0$908,687
75$1,613,174$0$0$919,134
76$1,673,698$0$0$953,865
77$1,737,119$0$0$990,279
78$1,803,629$0$0$1,028,489
79$1,873,437$0$0$1,068,619
80$1,946,770$0$0$1,110,801
81$2,023,872$0$0$1,155,181
82$2,105,013$0$0$1,201,917
83$2,190,484$0$0$1,251,181
84$2,280,601$0$0$1,303,160
85$2,375,712$0$0$1,358,057
86$2,476,191$0$0$1,416,097
87$2,582,452$0$0$1,477,521
88$2,694,943$0$0$1,542,596
89$2,814,153$0$0$1,611,611
90$2,940,620$0$0$1,684,883
91$3,074,927$0$0$1,762,759
92$3,217,717$0$0$1,845,617
93$3,369,689$0$0$1,933,874
94$3,531,611$0$0$2,027,982
95$3,704,323$0$0$2,128,441
96$3,888,745$0$0$2,235,795
97$4,085,885$0$0$2,350,642
98$4,296,849$0$0$2,473,638
99$4,522,848$0$0$2,605,500
100$4,765,213$0$0$2,747,019