Can I retire at age 57 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$65,485$64,902$64,333$63,777$63,235$61,507
2 years$32,418$31,815$31,230$30,662$30,112$28,383
3 years$21,398$20,791$20,208$19,646$19,104$17,429
4 years$15,888$15,284$14,706$14,154$13,625$12,017
5 years$12,584$11,983$11,412$10,871$10,358$8,821
6 years$10,381$9,785$9,223$8,694$8,196$6,731
7 years$8,809$8,217$7,664$7,148$6,665$5,273
8 years$7,630$7,044$6,500$5,996$5,530$4,210
9 years$6,713$6,133$5,598$5,107$4,657$3,407
10 years$5,981$5,406$4,881$4,403$3,968$2,787
11 years$5,381$4,812$4,297$3,832$3,412$2,299
12 years$4,883$4,319$3,813$3,361$2,957$1,909
13 years$4,461$3,903$3,407$2,967$2,579$1,593
14 years$4,100$3,548$3,061$2,634$2,260$1,336
15 years$3,787$3,241$2,764$2,349$1,990$1,124
16 years$3,513$2,974$2,506$2,103$1,759$948
17 years$3,272$2,739$2,280$1,890$1,560$802
18 years$3,058$2,531$2,082$1,703$1,387$679
19 years$2,867$2,345$1,906$1,539$1,236$577
20 years$2,695$2,180$1,749$1,394$1,104$490
21 years$2,540$2,030$1,609$1,265$988$417
22 years$2,399$1,895$1,483$1,150$886$356
23 years$2,270$1,772$1,369$1,047$795$303
24 years$2,153$1,661$1,266$955$715$259
25 years$2,044$1,558$1,173$872$643$221
26 years$1,945$1,465$1,088$798$579$189
27 years$1,853$1,378$1,010$730$522$161
28 years$1,767$1,299$939$669$471$138
29 years$1,688$1,225$874$613$425$118
30 years$1,614$1,157$814$563$384$101
31 years$1,545$1,094$759$517$348$86
32 years$1,481$1,035$708$475$314$74
33 years$1,420$980$661$437$285$63
34 years$1,363$929$617$402$258$54
35 years$1,310$881$577$370$233$46
36 years$1,259$836$540$341$211$40
37 years$1,212$794$505$314$192$34
38 years$1,167$755$473$289$174$29
39 years$1,124$718$443$267$158$25
40 years$1,084$683$416$246$143$21
41 years$1,046$650$390$227$130$18
42 years$1,010$619$366$210$118$16
43 years$975$590$343$194$107$13
44 years$942$562$322$179$97$12
45 years$911$536$302$165$88$10
46 years$881$512$284$152$80$8
47 years$852$488$267$141$73$7
48 years$825$466$251$130$66$6
49 years$799$445$236$120$60$5
50 years$774$425$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $793,000, adding $3,598 every year, while hoping to spend $48,249 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: 76/5/19 Blend
56$793,000$793,000$793,000$793,000
57$877,597$835,568$823,277$940,173
58$915,776$825,175$799,520$971,691
59$956,231$812,655$773,350$999,917
60$999,145$797,853$744,636$1,029,588
61$1,044,716$780,605$713,239$1,060,832
62$1,093,159$760,738$679,015$1,093,796
63$1,144,714$738,066$641,815$1,128,638
64$1,199,639$712,396$601,479$1,165,535
65$1,258,218$683,519$557,845$1,204,681
66$1,320,763$651,218$510,739$1,246,293
67$1,387,615$615,262$459,984$1,290,610
68$1,459,148$575,407$405,390$1,337,894
69$1,535,773$531,393$346,762$1,388,438
70$1,617,939$482,948$283,895$1,442,564
71$1,706,139$429,784$216,576$1,500,629
72$1,800,916$371,594$144,582$1,563,026
73$1,902,864$308,056$67,680$1,630,192
74$2,012,635$238,830$0$1,702,606
75$2,130,947$163,556$0$1,783,719
76$2,258,587$81,853$0$1,886,034
77$2,396,420$0$0$1,996,517
78$2,545,397$0$0$2,116,311
79$2,706,563$0$0$2,250,802
80$2,881,066$0$0$2,396,448
81$3,070,169$0$0$2,554,306
82$3,275,261$0$0$2,725,538
83$3,497,868$0$0$2,911,422
84$3,739,669$0$0$3,113,365
85$4,002,512$0$0$3,332,913
86$4,288,429$0$0$3,571,768
87$4,599,656$0$0$3,831,800
88$4,938,653$0$0$4,115,071
89$5,308,128$0$0$4,423,847
90$5,711,059$0$0$4,760,623
91$6,150,727$0$0$5,128,145
92$6,630,741$0$0$5,529,435
93$7,155,074$0$0$5,967,820
94$7,728,101$0$0$6,446,964
95$8,354,638$0$0$6,970,899
96$9,039,988$0$0$7,544,065
97$9,789,988$0$0$8,171,352
98$10,611,068$0$0$8,858,141
99$11,510,306$0$0$9,610,363
100$12,495,500$0$0$10,434,546