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 $6,421 every year, while hoping to spend $34,580 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: 50/38/12 Blend
56$716,000$716,000$716,000$716,000
57$795,655$757,707$746,609$832,550
58$840,019$758,042$734,828$858,864
59$887,749$757,234$721,493$883,273
60$939,153$755,191$706,515$909,012
61$994,566$751,815$689,803$936,217
62$1,054,359$747,002$671,259$965,039
63$1,118,939$740,641$650,782$995,643
64$1,188,753$732,614$628,265$1,028,218
65$1,264,292$722,798$603,598$1,062,971
66$1,346,096$711,062$576,665$1,100,132
67$1,434,758$697,264$547,344$1,139,959
68$1,530,932$681,259$515,509$1,182,735
69$1,635,336$662,889$481,026$1,228,779
70$1,748,758$641,988$443,759$1,278,441
71$1,872,068$618,382$403,561$1,332,114
72$2,006,221$591,885$360,283$1,390,230
73$2,152,268$562,301$313,765$1,453,271
74$2,311,367$529,421$263,844$1,521,773
75$2,484,790$493,026$210,346$1,596,327
76$2,673,939$452,885$153,093$1,677,591
77$2,880,355$408,751$91,896$1,766,293
78$3,105,737$360,365$26,560$1,863,242
79$3,351,953$307,453$0$1,969,332
80$3,621,060$249,726$0$2,091,082
81$3,915,322$186,877$0$2,228,053
82$4,237,234$118,583$0$2,378,084
83$4,589,542$44,504$0$2,542,553
84$4,975,268$0$0$2,722,982
85$5,397,743$0$0$2,935,990
86$5,860,633$0$0$3,189,840
87$6,367,975$0$0$3,468,146
88$6,924,217$0$0$3,773,356
89$7,534,257$0$0$4,108,169
90$8,203,491$0$0$4,475,555
91$8,937,859$0$0$4,878,788
92$9,743,908$0$0$5,321,473
93$10,628,846$0$0$5,807,580
94$11,600,617$0$0$6,341,485
95$12,667,969$0$0$6,928,007
96$13,840,540$0$0$7,572,454
97$15,128,946$0$0$8,280,675
98$16,544,885$0$0$9,059,113
99$18,101,243$0$0$9,914,867
100$19,812,216$0$0$10,855,757