Can I retire at age 57 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$58,961$58,436$57,924$57,424$56,935$56,529
2 years$29,189$28,645$28,118$27,608$27,112$26,702
3 years$19,266$18,720$18,194$17,688$17,201$16,801
4 years$14,305$13,761$13,241$12,744$12,268$11,880
5 years$11,330$10,789$10,275$9,788$9,326$8,951
6 years$9,347$8,810$8,304$7,828$7,379$7,019
7 years$7,931$7,399$6,901$6,436$6,001$5,655
8 years$6,870$6,342$5,852$5,399$4,979$4,647
9 years$6,044$5,522$5,041$4,598$4,193$3,875
10 years$5,385$4,867$4,395$3,964$3,572$3,268
11 years$4,845$4,333$3,869$3,450$3,072$2,782
12 years$4,396$3,889$3,434$3,026$2,662$2,385
13 years$4,016$3,515$3,068$2,671$2,322$2,058
14 years$3,691$3,195$2,756$2,371$2,035$1,784
15 years$3,409$2,918$2,489$2,115$1,792$1,553
16 years$3,163$2,678$2,256$1,894$1,584$1,357
17 years$2,946$2,466$2,053$1,701$1,404$1,190
18 years$2,754$2,279$1,874$1,533$1,249$1,045
19 years$2,581$2,112$1,716$1,385$1,113$921
20 years$2,427$1,962$1,575$1,255$994$812
21 years$2,287$1,828$1,448$1,139$890$718
22 years$2,160$1,706$1,335$1,035$797$636
23 years$2,044$1,596$1,233$943$716$563
24 years$1,938$1,495$1,140$860$643$500
25 years$1,841$1,403$1,056$785$579$444
26 years$1,751$1,319$979$718$521$395
27 years$1,668$1,241$909$657$470$351
28 years$1,591$1,169$845$602$424$313
29 years$1,520$1,103$787$552$383$279
30 years$1,453$1,042$733$507$346$248
31 years$1,391$985$683$466$313$221
32 years$1,333$932$637$428$283$197
33 years$1,279$883$595$393$256$176
34 years$1,227$837$556$362$232$157
35 years$1,179$793$520$333$210$141
36 years$1,134$753$486$307$190$126
37 years$1,091$715$455$283$173$112
38 years$1,051$680$426$261$156$100
39 years$1,012$646$399$240$142$90
40 years$976$615$374$222$129$80
41 years$942$585$351$205$117$72
42 years$909$557$329$189$106$64
43 years$878$531$309$174$96$57
44 years$848$506$290$161$87$51
45 years$820$483$272$149$79$46
46 years$793$461$256$137$72$41
47 years$768$440$240$127$65$37
48 years$743$420$226$117$59$33
49 years$720$401$212$108$54$29
50 years$697$383$200$100$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $714,000, adding $5,782 every year, while hoping to spend $21,340 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: 67/5/28 Blend
56$714,000$714,000$714,000$714,000
57$792,792$754,950$743,883$839,734
58$850,951$769,237$746,098$886,364
59$914,328$783,509$747,671$934,418
60$983,430$797,742$748,559$986,503
61$1,058,821$811,912$748,717$1,043,016
62$1,141,116$825,991$748,094$1,104,399
63$1,230,995$839,951$746,641$1,171,137
64$1,329,208$853,759$744,304$1,243,766
65$1,436,576$867,382$741,027$1,322,876
66$1,554,007$880,784$736,752$1,409,117
67$1,682,499$893,926$731,417$1,503,207
68$1,823,153$906,767$724,958$1,605,937
69$1,977,177$919,261$717,307$1,718,179
70$2,145,906$931,362$708,394$1,840,894
71$2,330,808$943,018$698,144$1,975,143
72$2,533,499$954,175$686,481$2,122,094
73$2,755,761$964,774$673,323$2,283,036
74$2,999,554$974,754$658,585$2,459,388
75$3,267,040$984,048$642,179$2,652,717
76$3,560,597$992,586$624,011$2,864,750
77$3,882,848$1,000,292$603,985$3,097,390
78$4,236,678$1,007,086$581,998$3,352,734
79$4,625,270$1,012,884$557,945$3,633,097
80$5,052,125$1,017,593$531,715$3,941,028
81$5,521,106$1,021,119$503,190$4,279,339
82$6,036,462$1,023,357$472,251$4,651,128
83$6,602,879$1,024,200$438,770$5,059,813
84$7,225,518$1,023,531$402,613$5,509,158
85$7,910,064$1,021,227$363,644$6,003,317
86$8,662,781$1,017,158$321,717$6,546,864
87$9,490,571$1,011,185$276,681$7,144,845
88$10,401,038$1,003,161$228,378$7,802,821
89$11,402,558$992,931$176,643$8,526,922
90$12,504,363$980,328$121,305$9,323,904
91$13,716,623$965,179$62,183$10,201,215
92$15,050,542$947,297$0$11,167,065
93$16,518,469$926,485$0$12,230,775
94$18,134,006$902,536$0$13,421,892
95$19,912,144$875,230$0$14,732,873
96$21,869,398$844,332$0$16,175,900
97$24,023,968$809,596$0$17,764,397
98$26,395,907$770,760$0$19,513,156
99$29,007,311$727,548$0$21,438,476
100$31,882,527$679,668$0$23,558,318