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%17.8%
1 years$58,961$58,436$57,924$57,424$56,935$55,135
2 years$29,189$28,645$28,118$27,608$27,112$25,314
3 years$19,266$18,720$18,194$17,688$17,201$15,463
4 years$14,305$13,761$13,241$12,744$12,268$10,602
5 years$11,330$10,789$10,275$9,788$9,326$7,737
6 years$9,347$8,810$8,304$7,828$7,379$5,869
7 years$7,931$7,399$6,901$6,436$6,001$4,569
8 years$6,870$6,342$5,852$5,399$4,979$3,624
9 years$6,044$5,522$5,041$4,598$4,193$2,914
10 years$5,385$4,867$4,395$3,964$3,572$2,367
11 years$4,845$4,333$3,869$3,450$3,072$1,939
12 years$4,396$3,889$3,434$3,026$2,662$1,598
13 years$4,016$3,515$3,068$2,671$2,322$1,324
14 years$3,691$3,195$2,756$2,371$2,035$1,102
15 years$3,409$2,918$2,489$2,115$1,792$920
16 years$3,163$2,678$2,256$1,894$1,584$770
17 years$2,946$2,466$2,053$1,701$1,404$646
18 years$2,754$2,279$1,874$1,533$1,249$543
19 years$2,581$2,112$1,716$1,385$1,113$457
20 years$2,427$1,962$1,575$1,255$994$385
21 years$2,287$1,828$1,448$1,139$890$325
22 years$2,160$1,706$1,335$1,035$797$275
23 years$2,044$1,596$1,233$943$716$232
24 years$1,938$1,495$1,140$860$643$196
25 years$1,841$1,403$1,056$785$579$166
26 years$1,751$1,319$979$718$521$141
27 years$1,668$1,241$909$657$470$119
28 years$1,591$1,169$845$602$424$101
29 years$1,520$1,103$787$552$383$86
30 years$1,453$1,042$733$507$346$73
31 years$1,391$985$683$466$313$62
32 years$1,333$932$637$428$283$52
33 years$1,279$883$595$393$256$44
34 years$1,227$837$556$362$232$38
35 years$1,179$793$520$333$210$32
36 years$1,134$753$486$307$190$27
37 years$1,091$715$455$283$173$23
38 years$1,051$680$426$261$156$19
39 years$1,012$646$399$240$142$17
40 years$976$615$374$222$129$14
41 years$942$585$351$205$117$12
42 years$909$557$329$189$106$10
43 years$878$531$309$174$96$9
44 years$848$506$290$161$87$7
45 years$820$483$272$149$79$6
46 years$793$461$256$137$72$5
47 years$768$440$240$127$65$4
48 years$743$420$226$117$59$4
49 years$720$401$212$108$54$3
50 years$697$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $714,000, adding $3,585 every year, while hoping to spend $25,823 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: 51/43/6 Blend
56$714,000$714,000$714,000$714,000
57$790,526$752,684$741,617$829,514
58$843,684$762,090$738,986$865,811
59$901,399$771,091$735,401$902,151
60$964,108$779,641$730,803$941,033
61$1,032,292$787,689$725,130$982,702
62$1,106,482$795,181$718,318$1,027,426
63$1,187,259$802,061$710,297$1,075,504
64$1,275,264$808,267$700,997$1,127,263
65$1,371,204$813,735$690,343$1,183,067
66$1,475,854$818,395$678,257$1,243,316
67$1,590,069$822,175$664,657$1,308,452
68$1,714,790$824,995$649,457$1,378,964
69$1,851,053$826,774$632,567$1,455,389
70$1,999,997$827,422$613,895$1,538,325
71$2,162,877$826,847$593,341$1,628,427
72$2,341,076$824,948$570,804$1,726,421
73$2,536,115$821,620$546,175$1,833,109
74$2,749,670$816,750$519,343$1,949,375
75$2,983,586$810,221$490,191$2,076,194
76$3,239,895$801,905$458,596$2,214,645
77$3,520,836$791,669$424,429$2,365,917
78$3,828,871$779,372$387,559$2,531,323
79$4,166,718$764,862$347,843$2,712,313
80$4,537,364$747,982$305,137$2,910,486
81$4,944,105$728,562$259,289$3,127,608
82$5,390,566$706,425$210,138$3,365,627
83$5,880,745$681,381$157,518$3,626,695
84$6,419,043$653,230$101,257$3,913,183
85$7,010,308$621,761$41,172$4,227,712
86$7,659,883$586,752$0$4,573,169
87$8,373,653$547,964$0$4,954,214
88$9,158,099$505,148$0$5,375,804
89$10,020,365$458,039$0$5,839,194
90$10,968,318$406,359$0$6,348,680
91$12,010,627$349,811$0$6,909,003
92$13,156,843$288,084$0$7,525,387
93$14,417,489$220,848$0$8,203,600
94$15,804,158$147,755$0$8,949,999
95$17,329,625$68,437$0$9,771,599
96$19,007,962$0$0$10,676,133
97$20,854,677$0$0$11,680,409
98$22,886,856$0$0$12,821,264
99$25,123,325$0$0$14,076,893
100$27,584,827$0$0$15,458,955