Can I retire at age 57 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$64,907$64,329$63,765$63,214$62,677$60,429
2 years$32,132$31,534$30,954$30,392$29,846$27,606
3 years$21,209$20,608$20,029$19,472$18,936$16,773
4 years$15,748$15,149$14,576$14,029$13,505$11,437
5 years$12,472$11,877$11,312$10,775$10,266$8,298
6 years$10,289$9,698$9,142$8,617$8,123$6,256
7 years$8,731$8,145$7,597$7,085$6,606$4,840
8 years$7,562$6,981$6,443$5,943$5,481$3,814
9 years$6,654$6,079$5,549$5,062$4,616$3,046
10 years$5,928$5,358$4,838$4,364$3,933$2,458
11 years$5,334$4,770$4,259$3,798$3,382$1,999
12 years$4,839$4,281$3,780$3,331$2,931$1,635
13 years$4,421$3,869$3,377$2,941$2,556$1,345
14 years$4,063$3,517$3,034$2,611$2,240$1,110
15 years$3,753$3,213$2,740$2,328$1,973$920
16 years$3,482$2,948$2,484$2,085$1,743$764
17 years$3,243$2,715$2,260$1,873$1,546$636
18 years$3,031$2,508$2,063$1,688$1,375$530
19 years$2,842$2,325$1,889$1,525$1,225$442
20 years$2,671$2,160$1,733$1,381$1,094$370
21 years$2,517$2,012$1,594$1,254$979$309
22 years$2,378$1,878$1,469$1,140$878$259
23 years$2,250$1,757$1,357$1,038$788$217
24 years$2,134$1,646$1,255$947$708$182
25 years$2,026$1,545$1,162$865$637$153
26 years$1,928$1,452$1,078$791$574$128
27 years$1,836$1,366$1,001$724$518$108
28 years$1,752$1,287$930$663$467$90
29 years$1,673$1,215$866$608$422$76
30 years$1,600$1,147$807$558$381$64
31 years$1,532$1,084$752$512$344$54
32 years$1,468$1,026$702$471$312$45
33 years$1,408$972$655$433$282$38
34 years$1,351$921$612$399$255$32
35 years$1,298$873$572$367$231$27
36 years$1,248$829$535$338$210$22
37 years$1,201$787$501$311$190$19
38 years$1,157$748$469$287$172$16
39 years$1,115$712$440$265$156$13
40 years$1,075$677$412$244$142$11
41 years$1,037$644$386$225$128$9
42 years$1,001$614$362$208$117$8
43 years$966$585$340$192$106$7
44 years$934$557$319$177$96$6
45 years$903$532$300$164$87$5
46 years$873$507$282$151$79$4
47 years$845$484$264$140$72$3
48 years$818$462$249$129$65$3
49 years$792$441$234$119$59$2
50 years$767$421$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $786,000, adding $5,716 every year, while hoping to spend $31,537 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: 70/18/12 Blend
56$786,000$786,000$786,000$786,000
57$872,068$830,410$818,227$930,491
58$927,464$837,545$812,083$977,132
59$987,453$843,973$804,675$1,023,792
60$1,052,471$849,625$795,929$1,074,021
61$1,122,996$854,429$785,766$1,128,165
62$1,199,554$858,309$774,102$1,186,606
63$1,282,725$861,183$760,851$1,249,764
64$1,373,145$862,963$745,921$1,318,103
65$1,471,515$863,557$729,219$1,392,133
66$1,578,605$862,867$710,643$1,472,419
67$1,695,264$860,788$690,091$1,559,583
68$1,822,425$857,211$667,452$1,654,309
69$1,961,114$852,016$642,614$1,757,354
70$2,112,463$845,081$615,458$1,869,553
71$2,277,717$836,272$585,857$1,991,824
72$2,458,244$825,449$553,684$2,125,182
73$2,655,554$812,465$518,801$2,270,746
74$2,871,305$797,161$481,066$2,429,750
75$3,107,328$779,371$440,331$2,603,553
76$3,365,634$758,919$396,441$2,793,656
77$3,648,440$735,617$349,233$3,001,713
78$3,958,186$709,268$298,538$3,229,550
79$4,297,562$679,663$244,179$3,479,178
80$4,669,526$646,580$185,973$3,752,817
81$5,077,340$609,784$123,725$4,052,913
82$5,524,594$569,029$57,234$4,382,164
83$6,015,242$524,051$0$4,743,547
84$6,553,642$474,574$0$5,142,099
85$7,144,591$420,306$0$5,587,616
86$7,793,374$360,936$0$6,076,780
87$8,505,815$296,139$0$6,614,022
88$9,288,327$225,568$0$7,204,222
89$10,147,974$148,859$0$7,852,764
90$11,092,542$65,627$0$8,565,577
91$12,130,603$0$0$9,349,200
92$13,271,605$0$0$10,215,698
93$14,525,956$0$0$11,182,610
94$15,905,121$0$0$12,245,782
95$17,421,732$0$0$13,414,958
96$19,089,707$0$0$14,700,874
97$20,924,382$0$0$16,115,356
98$22,942,650$0$0$17,671,438
99$25,163,127$0$0$19,383,479
100$27,606,323$0$0$21,267,298