Can I retire at age 57 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$65,403$64,820$64,252$63,697$63,155$60,914
2 years$32,378$31,775$31,190$30,624$30,074$27,840
3 years$21,371$20,765$20,182$19,621$19,080$16,924
4 years$15,868$15,264$14,687$14,136$13,608$11,546
5 years$12,568$11,968$11,398$10,858$10,345$8,381
6 years$10,368$9,772$9,211$8,683$8,185$6,323
7 years$8,797$8,207$7,655$7,139$6,657$4,894
8 years$7,620$7,035$6,492$5,988$5,523$3,859
9 years$6,705$6,125$5,591$5,101$4,651$3,084
10 years$5,973$5,399$4,875$4,397$3,963$2,490
11 years$5,375$4,806$4,292$3,827$3,408$2,026
12 years$4,876$4,314$3,809$3,357$2,953$1,659
13 years$4,455$3,899$3,403$2,963$2,575$1,365
14 years$4,094$3,544$3,057$2,630$2,258$1,128
15 years$3,782$3,237$2,760$2,346$1,988$935
16 years$3,509$2,970$2,503$2,101$1,757$777
17 years$3,268$2,735$2,277$1,887$1,558$647
18 years$3,054$2,528$2,079$1,701$1,385$540
19 years$2,863$2,343$1,903$1,537$1,234$451
20 years$2,692$2,177$1,747$1,392$1,103$377
21 years$2,537$2,028$1,607$1,263$987$316
22 years$2,396$1,893$1,481$1,149$884$265
23 years$2,267$1,770$1,367$1,046$794$222
24 years$2,150$1,659$1,264$954$714$186
25 years$2,042$1,556$1,171$871$642$156
26 years$1,942$1,463$1,086$797$578$131
27 years$1,850$1,377$1,009$729$522$110
28 years$1,765$1,297$938$668$471$93
29 years$1,686$1,224$873$613$425$78
30 years$1,612$1,156$813$562$384$66
31 years$1,543$1,093$758$516$347$55
32 years$1,479$1,034$707$475$314$46
33 years$1,418$979$660$436$284$39
34 years$1,362$928$617$402$257$33
35 years$1,308$880$577$370$233$28
36 years$1,258$835$539$340$211$23
37 years$1,210$793$505$314$191$20
38 years$1,166$754$473$289$173$16
39 years$1,123$717$443$267$157$14
40 years$1,083$682$415$246$143$12
41 years$1,045$649$389$227$129$10
42 years$1,008$618$365$209$117$8
43 years$974$589$343$193$107$7
44 years$941$562$322$178$97$6
45 years$910$536$302$165$88$5
46 years$880$511$284$152$80$4
47 years$851$488$266$141$72$3
48 years$824$465$250$130$66$3
49 years$798$444$235$120$60$2
50 years$773$425$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $792,000, adding $6,591 every year, while hoping to spend $41,850 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: 74/13/13 Blend
56$792,000$792,000$792,000$792,000
57$879,583$837,607$825,331$941,808
58$924,772$834,121$808,451$980,340
59$973,168$829,062$789,604$1,016,705
60$1,025,054$822,309$768,678$1,055,409
61$1,080,739$813,732$745,558$1,096,672
62$1,140,565$803,196$720,125$1,140,738
63$1,204,906$790,555$692,252$1,187,874
64$1,274,171$775,657$661,808$1,238,378
65$1,348,812$758,340$628,654$1,292,576
66$1,429,323$738,431$592,646$1,350,829
67$1,516,249$715,749$553,635$1,413,536
68$1,610,187$690,102$511,462$1,481,137
69$1,711,795$661,285$465,964$1,554,117
70$1,821,793$629,083$416,969$1,633,015
71$1,940,976$593,268$364,298$1,718,421
72$2,070,216$553,599$307,763$1,810,990
73$2,210,474$509,822$247,169$1,911,442
74$2,362,805$461,665$182,311$2,020,577
75$2,528,369$408,845$112,977$2,139,271
76$2,708,445$351,060$38,944$2,268,497
77$2,904,437$287,993$0$2,409,327
78$3,117,892$219,307$0$2,568,499
79$3,350,511$144,647$0$2,747,888
80$3,604,167$63,639$0$2,943,563
81$3,880,921$0$0$3,157,149
82$4,183,041$0$0$3,393,890
83$4,513,025$0$0$3,662,441
84$4,873,621$0$0$3,955,938
85$5,267,857$0$0$4,276,850
86$5,699,065$0$0$4,627,893
87$6,170,913$0$0$5,012,059
88$6,687,442$0$0$5,432,642
89$7,253,100$0$0$5,893,269
90$7,872,787$0$0$6,397,934
91$8,551,897$0$0$6,951,037
92$9,296,374$0$0$7,557,422
93$10,112,761$0$0$8,222,427
94$11,008,267$0$0$8,951,928
95$11,990,830$0$0$9,752,398
96$13,069,196$0$0$10,630,968
97$14,252,998$0$0$11,595,494
98$15,552,845$0$0$12,654,626
99$16,980,427$0$0$13,817,895
100$18,548,620$0$0$15,095,802