Can I retire at age 57 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$65,981$65,393$64,820$64,260$63,713$62,504
2 years$32,664$32,055$31,466$30,894$30,340$29,126
3 years$21,559$20,949$20,360$19,794$19,249$18,068
4 years$16,008$15,399$14,817$14,261$13,728$12,590
5 years$12,679$12,073$11,499$10,954$10,436$9,344
6 years$10,460$9,859$9,293$8,760$8,258$7,213
7 years$8,875$8,279$7,722$7,202$6,716$5,718
8 years$7,687$7,097$6,549$6,041$5,571$4,621
9 years$6,764$6,179$5,641$5,146$4,692$3,788
10 years$6,026$5,447$4,918$4,436$3,998$3,139
11 years$5,422$4,849$4,329$3,860$3,438$2,624
12 years$4,919$4,352$3,842$3,386$2,979$2,209
13 years$4,494$3,933$3,433$2,989$2,598$1,870
14 years$4,131$3,575$3,084$2,654$2,278$1,590
15 years$3,815$3,266$2,785$2,367$2,005$1,357
16 years$3,540$2,996$2,525$2,119$1,772$1,162
17 years$3,297$2,759$2,298$1,904$1,571$998
18 years$3,081$2,550$2,097$1,716$1,397$859
19 years$2,889$2,363$1,920$1,550$1,245$741
20 years$2,716$2,196$1,762$1,404$1,112$640
21 years$2,559$2,045$1,621$1,274$995$553
22 years$2,417$1,909$1,494$1,159$892$479
23 years$2,287$1,786$1,379$1,055$801$415
24 years$2,169$1,673$1,276$962$720$360
25 years$2,060$1,570$1,181$879$648$313
26 years$1,960$1,476$1,096$804$584$272
27 years$1,867$1,389$1,017$736$526$236
28 years$1,781$1,309$946$674$475$205
29 years$1,701$1,235$880$618$429$179
30 years$1,626$1,166$820$567$387$156
31 years$1,557$1,102$764$521$350$135
32 years$1,492$1,043$713$479$317$118
33 years$1,431$988$666$440$287$103
34 years$1,374$936$622$405$260$90
35 years$1,320$888$582$373$235$78
36 years$1,269$843$544$343$213$68
37 years$1,221$800$509$316$193$59
38 years$1,176$761$477$292$175$52
39 years$1,133$723$447$269$159$45
40 years$1,092$688$419$248$144$39
41 years$1,054$655$393$229$131$34
42 years$1,017$624$368$211$119$30
43 years$982$594$346$195$108$26
44 years$949$567$324$180$98$23
45 years$918$540$305$166$89$20
46 years$888$515$286$154$80$17
47 years$859$492$269$142$73$15
48 years$831$470$253$131$66$13
49 years$805$448$237$121$60$12
50 years$780$428$223$112$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $799,000, adding $5,993 every year, while hoping to spend $54,859 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: 43/48/9 Blend
56$799,000$799,000$799,000$799,000
57$886,680$844,333$831,948$922,249
58$918,752$827,336$801,449$930,595
59$952,256$807,667$768,089$933,595
60$987,281$785,138$731,716$935,598
61$1,023,923$759,548$692,167$936,535
62$1,062,284$730,687$649,276$936,334
63$1,102,477$698,331$602,866$934,917
64$1,144,622$662,241$552,754$932,206
65$1,188,851$622,169$498,749$928,120
66$1,235,307$577,848$440,651$922,574
67$1,284,146$529,000$378,250$915,482
68$1,335,535$475,327$311,327$906,754
69$1,389,658$416,517$239,656$896,299
70$1,446,716$352,240$162,997$884,024
71$1,506,927$282,145$81,103$869,831
72$1,570,527$205,863$0$853,625
73$1,637,776$123,006$0$835,910
74$1,708,957$33,161$0$824,335
75$1,784,378$0$0$811,029
76$1,864,377$0$0$829,783
77$1,949,322$0$0$868,345
78$2,039,618$0$0$909,388
79$2,135,705$0$0$953,121
80$2,238,066$0$0$999,771
81$2,347,230$0$0$1,049,585
82$2,463,777$0$0$1,102,838
83$2,588,341$0$0$1,159,828
84$2,721,619$0$0$1,220,882
85$2,864,372$0$0$1,286,361
86$3,017,439$0$0$1,356,658
87$3,181,737$0$0$1,432,207
88$3,358,273$0$0$1,513,482
89$3,548,155$0$0$1,601,007
90$3,752,595$0$0$1,695,353
91$3,972,928$0$0$1,797,150
92$4,210,618$0$0$1,907,090
93$4,467,275$0$0$2,025,932
94$4,744,667$0$0$2,154,513
95$5,044,737$0$0$2,293,750
96$5,369,622$0$0$2,444,652
97$5,721,671$0$0$2,608,330
98$6,103,465$0$0$2,786,005
99$6,517,846$0$0$2,979,018
100$6,967,935$0$0$3,188,847