Can I retire at age 57 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$59,044$58,518$58,005$57,504$57,015$56,514
2 years$29,230$28,685$28,158$27,646$27,150$26,645
3 years$19,293$18,746$18,220$17,713$17,225$16,732
4 years$14,325$13,780$13,259$12,761$12,285$11,807
5 years$11,346$10,804$10,290$9,802$9,339$8,878
6 years$9,360$8,822$8,316$7,839$7,390$6,946
7 years$7,942$7,409$6,910$6,445$6,010$5,584
8 years$6,879$6,351$5,861$5,406$4,986$4,578
9 years$6,053$5,530$5,048$4,605$4,199$3,809
10 years$5,392$4,874$4,401$3,969$3,577$3,205
11 years$4,852$4,339$3,874$3,455$3,077$2,721
12 years$4,402$3,895$3,438$3,030$2,666$2,328
13 years$4,022$3,519$3,072$2,675$2,325$2,003
14 years$3,696$3,199$2,760$2,375$2,038$1,732
15 years$3,414$2,922$2,492$2,118$1,794$1,504
16 years$3,168$2,681$2,259$1,896$1,586$1,310
17 years$2,950$2,469$2,056$1,704$1,406$1,145
18 years$2,757$2,282$1,877$1,535$1,250$1,003
19 years$2,585$2,115$1,718$1,387$1,114$881
20 years$2,430$1,965$1,577$1,257$995$775
21 years$2,290$1,830$1,450$1,140$891$683
22 years$2,163$1,709$1,337$1,037$799$603
23 years$2,047$1,598$1,234$944$717$533
24 years$1,941$1,497$1,141$861$644$471
25 years$1,843$1,405$1,057$787$580$417
26 years$1,754$1,321$981$719$522$370
27 years$1,671$1,243$911$658$471$328
28 years$1,594$1,171$846$603$425$291
29 years$1,522$1,105$788$553$384$259
30 years$1,455$1,043$734$508$347$230
31 years$1,393$986$684$466$313$204
32 years$1,335$933$638$428$283$182
33 years$1,280$884$596$394$257$161
34 years$1,229$838$557$363$232$144
35 years$1,181$795$521$334$210$128
36 years$1,136$754$487$307$191$114
37 years$1,093$716$456$283$173$101
38 years$1,052$681$427$261$157$90
39 years$1,014$647$400$241$142$80
40 years$978$616$375$222$129$72
41 years$943$586$351$205$117$64
42 years$910$558$330$189$106$57
43 years$879$532$309$174$96$51
44 years$850$507$290$161$87$45
45 years$821$484$273$149$79$40
46 years$794$461$256$137$72$36
47 years$769$440$241$127$65$32
48 years$744$420$226$117$59$29
49 years$721$401$213$108$54$25
50 years$698$383$200$100$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $715,000, adding $2,276 every year, while hoping to spend $39,380 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: 64/20/16 Blend
56$715,000$715,000$715,000$715,000
57$790,278$752,383$741,300$837,609
58$828,986$747,349$724,234$864,591
59$870,323$740,750$705,276$889,331
60$914,514$732,465$684,321$915,405
61$961,809$722,370$661,260$942,943
62$1,012,480$710,332$635,978$972,090
63$1,066,824$696,210$608,355$1,003,008
64$1,125,171$679,855$578,266$1,035,876
65$1,187,879$661,109$545,578$1,070,892
66$1,255,343$639,804$510,156$1,108,278
67$1,327,997$615,763$471,855$1,148,279
68$1,406,318$588,800$430,527$1,191,166
69$1,490,827$558,716$386,014$1,237,241
70$1,582,099$525,301$338,154$1,286,838
71$1,680,767$488,334$286,775$1,340,329
72$1,787,523$447,581$231,700$1,398,123
73$1,903,131$402,793$172,743$1,460,677
74$2,028,429$353,708$109,709$1,528,496
75$2,164,339$300,051$42,395$1,602,137
76$2,311,877$241,528$0$1,682,220
77$2,472,157$177,832$0$1,774,457
78$2,646,406$108,634$0$1,882,632
79$2,835,974$33,592$0$2,000,379
80$3,042,346$0$0$2,128,668
81$3,267,158$0$0$2,279,060
82$3,512,206$0$0$2,451,094
83$3,779,472$0$0$2,638,772
84$4,071,132$0$0$2,843,630
85$4,389,586$0$0$3,067,358
86$4,737,472$0$0$3,311,816
87$5,117,698$0$0$3,579,055
88$5,533,463$0$0$3,871,329
89$5,988,288$0$0$4,191,122
90$6,486,054$0$0$4,541,170
91$7,031,032$0$0$4,924,482
92$7,627,924$0$0$5,344,376
93$8,281,911$0$0$5,804,503
94$8,998,696$0$0$6,308,885
95$9,784,563$0$0$6,861,953
96$10,646,430$0$0$7,468,585
97$11,591,918$0$0$8,134,155
98$12,629,422$0$0$8,864,582
99$13,768,188$0$0$9,666,386
100$15,018,400$0$0$10,546,749