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%16%
1 years$59,127$58,600$58,086$57,585$57,095$55,692
2 years$29,271$28,725$28,197$27,685$27,188$25,783
3 years$19,320$18,772$18,245$17,738$17,249$15,887
4 years$14,346$13,800$13,278$12,779$12,302$10,992
5 years$11,362$10,819$10,304$9,816$9,352$8,098
6 years$9,373$8,835$8,327$7,850$7,400$6,204
7 years$7,953$7,419$6,920$6,454$6,018$4,879
8 years$6,889$6,360$5,869$5,414$4,993$3,911
9 years$6,061$5,537$5,055$4,611$4,204$3,179
10 years$5,400$4,881$4,407$3,975$3,582$2,612
11 years$4,859$4,345$3,880$3,459$3,081$2,164
12 years$4,408$3,900$3,443$3,034$2,670$1,805
13 years$4,028$3,524$3,076$2,679$2,328$1,514
14 years$3,701$3,204$2,764$2,378$2,041$1,275
15 years$3,419$2,927$2,496$2,121$1,797$1,078
16 years$3,172$2,685$2,263$1,899$1,588$914
17 years$2,955$2,473$2,059$1,706$1,408$777
18 years$2,761$2,285$1,879$1,538$1,252$662
19 years$2,589$2,118$1,721$1,389$1,116$565
20 years$2,433$1,968$1,579$1,258$997$483
21 years$2,293$1,833$1,452$1,142$892$413
22 years$2,166$1,711$1,339$1,038$800$354
23 years$2,050$1,600$1,236$946$718$303
24 years$1,944$1,499$1,143$862$645$260
25 years$1,846$1,407$1,059$788$581$223
26 years$1,756$1,322$982$720$523$192
27 years$1,673$1,245$912$659$471$165
28 years$1,596$1,173$848$604$425$142
29 years$1,524$1,106$789$554$384$122
30 years$1,457$1,045$735$508$347$105
31 years$1,395$988$685$467$314$90
32 years$1,337$935$639$429$284$78
33 years$1,282$885$597$395$257$67
34 years$1,231$839$558$363$233$58
35 years$1,183$796$521$334$211$50
36 years$1,137$755$488$308$191$43
37 years$1,094$717$456$284$173$37
38 years$1,054$682$427$261$157$32
39 years$1,015$648$400$241$142$27
40 years$979$617$375$222$129$24
41 years$944$587$352$205$117$20
42 years$912$559$330$189$106$18
43 years$880$533$310$175$96$15
44 years$851$508$291$161$87$13
45 years$822$484$273$149$79$11
46 years$795$462$256$138$72$10
47 years$770$441$241$127$65$8
48 years$745$421$226$117$59$7
49 years$722$402$213$109$54$6
50 years$699$384$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $716,000, adding $3,781 every year, while hoping to spend $47,649 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: 43/41/16 Blend
56$716,000$716,000$716,000$716,000
57$792,932$754,984$743,886$823,189
58$823,113$741,280$718,108$831,118
59$854,775$725,308$689,870$834,693
60$888,020$706,905$659,038$837,547
61$922,956$685,902$625,474$839,637
62$959,704$662,117$589,033$840,915
63$998,391$635,358$549,563$841,338
64$1,039,160$605,424$506,906$840,858
65$1,082,163$572,099$460,897$839,428
66$1,127,569$535,157$411,362$837,002
67$1,175,559$494,358$358,121$833,533
68$1,226,334$449,448$300,985$828,976
69$1,280,109$400,161$239,758$823,286
70$1,337,123$346,212$174,233$816,421
71$1,397,636$287,302$104,196$808,338
72$1,461,931$223,116$29,422$799,000
73$1,530,319$153,320$0$788,372
74$1,603,139$77,560$0$785,023
75$1,680,764$0$0$786,246
76$1,763,601$0$0$789,083
77$1,852,096$0$0$829,550
78$1,946,740$0$0$872,882
79$2,048,067$0$0$919,335
80$2,156,666$0$0$969,184
81$2,273,183$0$0$1,022,735
82$2,398,326$0$0$1,080,320
83$2,532,872$0$0$1,142,307
84$2,677,673$0$0$1,209,098
85$2,833,668$0$0$1,281,136
86$3,001,884$0$0$1,358,906
87$3,183,453$0$0$1,442,941
88$3,379,616$0$0$1,533,830
89$3,591,738$0$0$1,632,216
90$3,821,320$0$0$1,738,808
91$4,070,011$0$0$1,854,385
92$4,339,624$0$0$1,979,806
93$4,632,154$0$0$2,116,012
94$4,949,793$0$0$2,264,041
95$5,294,954$0$0$2,425,033
96$5,670,290$0$0$2,600,242
97$6,078,721$0$0$2,791,051
98$6,523,458$0$0$2,998,978
99$7,008,038$0$0$3,225,696
100$7,536,348$0$0$3,473,044