Can I retire at age 57 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$59,292$58,764$58,248$57,745$57,254$55,048
2 years$29,352$28,806$28,276$27,762$27,264$25,067
3 years$19,374$18,825$18,296$17,788$17,297$15,180
4 years$14,386$13,838$13,315$12,815$12,337$10,314
5 years$11,393$10,849$10,333$9,843$9,378$7,456
6 years$9,399$8,859$8,351$7,872$7,421$5,600
7 years$7,975$7,440$6,939$6,472$6,035$4,315
8 years$6,908$6,377$5,885$5,429$5,007$3,386
9 years$6,078$5,553$5,069$4,624$4,216$2,693
10 years$5,415$4,894$4,419$3,986$3,592$2,163
11 years$4,872$4,357$3,891$3,469$3,090$1,751
12 years$4,421$3,911$3,453$3,043$2,677$1,426
13 years$4,039$3,534$3,085$2,686$2,335$1,167
14 years$3,712$3,213$2,772$2,385$2,047$959
15 years$3,429$2,935$2,503$2,127$1,802$790
16 years$3,181$2,693$2,269$1,904$1,593$653
17 years$2,963$2,480$2,065$1,711$1,412$541
18 years$2,769$2,291$1,885$1,542$1,256$448
19 years$2,596$2,124$1,725$1,393$1,119$372
20 years$2,440$1,973$1,583$1,262$1,000$309
21 years$2,300$1,838$1,456$1,145$895$258
22 years$2,172$1,716$1,342$1,041$802$215
23 years$2,056$1,605$1,239$948$720$179
24 years$1,949$1,504$1,146$865$647$149
25 years$1,851$1,411$1,062$790$582$124
26 years$1,761$1,326$985$722$524$104
27 years$1,678$1,248$914$661$473$87
28 years$1,600$1,176$850$606$427$72
29 years$1,528$1,109$791$555$385$60
30 years$1,462$1,048$737$510$348$50
31 years$1,399$990$687$468$315$42
32 years$1,341$937$641$430$285$35
33 years$1,286$888$598$396$258$29
34 years$1,234$841$559$364$233$25
35 years$1,186$798$523$335$211$21
36 years$1,140$757$489$309$191$17
37 years$1,097$719$458$284$173$14
38 years$1,057$684$429$262$157$12
39 years$1,018$650$402$242$143$10
40 years$982$618$376$223$129$8
41 years$947$589$353$206$117$7
42 years$914$561$331$190$106$6
43 years$883$534$311$175$97$5
44 years$853$509$292$162$88$4
45 years$825$486$274$149$80$3
46 years$798$463$257$138$72$3
47 years$772$442$242$128$66$2
48 years$747$422$227$118$60$2
49 years$724$403$213$109$54$2
50 years$701$385$201$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $718,000, adding $3,414 every year, while hoping to spend $45,552 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: 41/33/26 Blend
56$718,000$718,000$718,000$718,000
57$794,758$756,704$745,575$821,144
58$827,356$745,315$722,084$829,086
59$861,752$731,842$696,280$833,131
60$898,083$716,134$668,037$836,624
61$936,494$698,031$637,224$839,541
62$977,148$677,366$603,702$841,860
63$1,020,220$653,960$567,329$843,560
64$1,065,903$627,625$527,955$844,622
65$1,114,407$598,160$485,423$845,031
66$1,165,961$565,354$439,569$844,773
67$1,220,817$528,984$390,223$843,838
68$1,279,250$488,814$337,205$842,222
69$1,341,561$444,594$280,329$839,924
70$1,408,081$396,059$219,401$836,948
71$1,479,170$342,932$154,216$833,309
72$1,555,226$284,916$84,562$829,025
73$1,636,683$221,700$10,219$824,125
74$1,724,017$152,956$0$818,650
75$1,817,751$78,336$0$831,826
76$1,918,460$0$0$848,813
77$2,026,774$0$0$867,842
78$2,143,382$0$0$919,020
79$2,269,047$0$0$974,241
80$2,404,600$0$0$1,033,882
81$2,550,960$0$0$1,098,355
82$2,709,133$0$0$1,168,112
83$2,880,225$0$0$1,243,654
84$3,065,454$0$0$1,325,526
85$3,266,157$0$0$1,414,334
86$3,483,805$0$0$1,510,737
87$3,720,014$0$0$1,615,467
88$3,976,563$0$0$1,729,324
89$4,255,410$0$0$1,853,190
90$4,558,706$0$0$1,988,037
91$4,888,819$0$0$2,134,931
92$5,248,355$0$0$2,295,047
93$5,640,182$0$0$2,469,680
94$6,067,454$0$0$2,660,252
95$6,533,646$0$0$2,868,331
96$7,042,579$0$0$3,095,640
97$7,598,462$0$0$3,344,080
98$8,205,928$0$0$3,615,740
99$8,870,077$0$0$3,912,922
100$9,596,524$0$0$4,238,160