Can I retire at age 57 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$65,816$65,229$64,657$64,099$63,554$63,153
2 years$32,582$31,975$31,387$30,817$30,264$29,860
3 years$21,506$20,896$20,309$19,745$19,201$18,806
4 years$15,968$15,361$14,780$14,225$13,694$13,311
5 years$12,647$12,043$11,470$10,926$10,410$10,040
6 years$10,433$9,834$9,269$8,738$8,237$7,881
7 years$8,853$8,259$7,703$7,184$6,699$6,357
8 years$7,668$7,079$6,533$6,026$5,557$5,229
9 years$6,747$6,164$5,627$5,133$4,680$4,366
10 years$6,011$5,433$4,905$4,425$3,988$3,687
11 years$5,409$4,837$4,319$3,851$3,430$3,142
12 years$4,907$4,341$3,833$3,378$2,972$2,698
13 years$4,483$3,923$3,424$2,982$2,592$2,330
14 years$4,120$3,566$3,077$2,647$2,272$2,023
15 years$3,806$3,258$2,778$2,361$2,000$1,764
16 years$3,531$2,989$2,519$2,114$1,768$1,543
17 years$3,289$2,753$2,292$1,899$1,568$1,354
18 years$3,074$2,544$2,092$1,712$1,394$1,192
19 years$2,882$2,357$1,915$1,547$1,242$1,051
20 years$2,709$2,191$1,758$1,401$1,110$929
21 years$2,553$2,040$1,617$1,271$993$822
22 years$2,411$1,905$1,490$1,156$890$729
23 years$2,282$1,781$1,376$1,053$799$647
24 years$2,163$1,669$1,272$960$718$575
25 years$2,055$1,566$1,178$877$646$511
26 years$1,955$1,472$1,093$802$582$455
27 years$1,862$1,385$1,015$734$525$406
28 years$1,776$1,305$944$672$474$362
29 years$1,697$1,232$878$617$428$323
30 years$1,622$1,163$818$566$386$288
31 years$1,553$1,099$762$520$349$257
32 years$1,488$1,040$711$478$316$230
33 years$1,427$985$664$439$286$206
34 years$1,370$934$621$404$259$184
35 years$1,316$886$580$372$234$165
36 years$1,266$841$543$343$212$147
37 years$1,218$798$508$316$193$132
38 years$1,173$759$476$291$175$118
39 years$1,130$721$446$268$158$106
40 years$1,090$686$418$247$144$95
41 years$1,051$653$392$228$130$85
42 years$1,015$622$367$211$118$76
43 years$980$593$345$194$107$68
44 years$947$565$324$180$97$61
45 years$915$539$304$166$88$55
46 years$885$514$285$153$80$49
47 years$857$491$268$142$73$44
48 years$829$468$252$131$66$39
49 years$803$447$237$121$60$35
50 years$778$427$223$112$55$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $797,000, adding $2,665 every year, while hoping to spend $48,692 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: 60/28/12 Blend
56$797,000$797,000$797,000$797,000
57$881,043$838,802$826,448$931,198
58$919,101$828,095$802,327$954,532
59$959,410$815,232$775,765$974,241
60$1,002,146$800,055$746,630$994,560
61$1,047,506$782,398$714,782$1,015,553
62$1,095,701$762,085$680,077$1,037,290
63$1,146,964$738,929$642,361$1,059,852
64$1,201,551$712,733$601,476$1,083,330
65$1,259,739$683,287$557,256$1,107,827
66$1,321,835$650,371$509,527$1,133,457
67$1,388,174$613,751$458,107$1,160,352
68$1,459,121$573,178$402,808$1,188,658
69$1,535,080$528,392$343,430$1,218,539
70$1,616,491$479,117$279,768$1,250,181
71$1,703,839$425,059$211,606$1,283,790
72$1,797,653$365,910$138,718$1,319,601
73$1,898,518$301,343$60,868$1,357,872
74$2,007,072$231,014$0$1,398,895
75$2,124,017$154,558$0$1,445,840
76$2,250,127$71,591$0$1,504,730
77$2,386,247$0$0$1,568,204
78$2,533,310$0$0$1,642,387
79$2,692,339$0$0$1,746,509
80$2,864,459$0$0$1,859,254
81$3,050,906$0$0$1,981,439
82$3,253,041$0$0$2,113,962
83$3,472,357$0$0$2,257,810
84$3,710,501$0$0$2,414,070
85$3,969,280$0$0$2,583,936
86$4,250,684$0$0$2,768,723
87$4,556,903$0$0$2,969,877
88$4,890,344$0$0$3,188,989
89$5,253,658$0$0$3,427,811
90$5,649,762$0$0$3,688,269
91$6,081,865$0$0$3,972,484
92$6,553,502$0$0$4,282,792
93$7,068,562$0$0$4,621,762
94$7,631,325$0$0$4,992,224
95$8,246,506$0$0$5,397,293
96$8,919,294$0$0$5,840,399
97$9,655,404$0$0$6,325,318
98$10,461,126$0$0$6,856,208
99$11,343,390$0$0$7,437,649
100$12,309,824$0$0$8,074,683