Can I retire at age 57 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$59,127$58,600$58,086$57,585$57,095$55,113
2 years$29,271$28,725$28,197$27,685$27,188$25,212
3 years$19,320$18,772$18,245$17,738$17,249$15,341
4 years$14,346$13,800$13,278$12,779$12,302$10,476
5 years$11,362$10,819$10,304$9,816$9,352$7,613
6 years$9,373$8,835$8,327$7,850$7,400$5,749
7 years$7,953$7,419$6,920$6,454$6,018$4,456
8 years$6,889$6,360$5,869$5,414$4,993$3,517
9 years$6,061$5,537$5,055$4,611$4,204$2,814
10 years$5,400$4,881$4,407$3,975$3,582$2,275
11 years$4,859$4,345$3,880$3,459$3,081$1,854
12 years$4,408$3,900$3,443$3,034$2,670$1,520
13 years$4,028$3,524$3,076$2,679$2,328$1,252
14 years$3,701$3,204$2,764$2,378$2,041$1,036
15 years$3,419$2,927$2,496$2,121$1,797$860
16 years$3,172$2,685$2,263$1,899$1,588$716
17 years$2,955$2,473$2,059$1,706$1,408$597
18 years$2,761$2,285$1,879$1,538$1,252$499
19 years$2,589$2,118$1,721$1,389$1,116$417
20 years$2,433$1,968$1,579$1,258$997$350
21 years$2,293$1,833$1,452$1,142$892$293
22 years$2,166$1,711$1,339$1,038$800$246
23 years$2,050$1,600$1,236$946$718$207
24 years$1,944$1,499$1,143$862$645$174
25 years$1,846$1,407$1,059$788$581$146
26 years$1,756$1,322$982$720$523$123
27 years$1,673$1,245$912$659$471$103
28 years$1,596$1,173$848$604$425$87
29 years$1,524$1,106$789$554$384$73
30 years$1,457$1,045$735$508$347$62
31 years$1,395$988$685$467$314$52
32 years$1,337$935$639$429$284$44
33 years$1,282$885$597$395$257$37
34 years$1,231$839$558$363$233$31
35 years$1,183$796$521$334$211$26
36 years$1,137$755$488$308$191$22
37 years$1,094$717$456$284$173$19
38 years$1,054$682$427$261$157$16
39 years$1,015$648$400$241$142$13
40 years$979$617$375$222$129$11
41 years$944$587$352$205$117$9
42 years$912$559$330$189$106$8
43 years$880$533$310$175$96$7
44 years$851$508$291$161$87$6
45 years$822$484$273$149$79$5
46 years$795$462$256$138$72$4
47 years$770$441$241$127$65$3
48 years$745$421$226$117$59$3
49 years$722$402$213$109$54$2
50 years$699$384$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $716,000, adding $2,246 every year, while hoping to spend $48,397 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: 75/11/14 Blend
56$716,000$716,000$716,000$716,000
57$791,349$753,401$742,303$848,188
58$820,572$738,823$715,676$871,465
59$851,155$721,910$686,535$890,714
60$883,183$702,494$654,745$910,490
61$916,753$680,401$620,163$930,832
62$951,966$655,445$582,644$951,782
63$988,935$627,430$542,030$973,387
64$1,027,781$596,149$498,163$995,700
65$1,068,635$561,380$450,872$1,018,780
66$1,111,640$522,893$399,981$1,042,694
67$1,156,954$480,441$345,306$1,067,517
68$1,204,745$433,765$286,656$1,093,330
69$1,255,199$382,589$223,829$1,120,226
70$1,308,518$326,624$156,616$1,148,308
71$1,364,922$265,564$84,797$1,177,693
72$1,424,651$199,084$8,146$1,208,508
73$1,487,969$126,843$0$1,240,896
74$1,555,162$48,479$0$1,286,021
75$1,626,545$0$0$1,335,071
76$1,702,461$0$0$1,391,471
77$1,783,286$0$0$1,457,780
78$1,869,430$0$0$1,528,471
79$1,961,345$0$0$1,603,916
80$2,059,525$0$0$1,684,521
81$2,164,509$0$0$1,770,734
82$2,276,892$0$0$1,863,044
83$2,397,323$0$0$1,961,988
84$2,526,516$0$0$2,068,155
85$2,665,254$0$0$2,182,191
86$2,814,395$0$0$2,304,807
87$2,974,883$0$0$2,436,780
88$3,147,754$0$0$2,578,966
89$3,334,145$0$0$2,732,304
90$3,535,306$0$0$2,897,827
91$3,752,608$0$0$3,076,669
92$3,987,562$0$0$3,270,075
93$4,241,825$0$0$3,479,415
94$4,517,220$0$0$3,706,196
95$4,815,751$0$0$3,952,072
96$5,139,622$0$0$4,218,865
97$5,491,257$0$0$4,508,577
98$5,873,322$0$0$4,823,410
99$6,288,749$0$0$5,165,787
100$6,740,765$0$0$5,538,375