Can I retire at age 57 with 719,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$59,374$58,845$58,329$57,826$57,334$56,062
2 years$29,393$28,846$28,315$27,801$27,302$26,027
3 years$19,401$18,851$18,322$17,812$17,321$16,083
4 years$14,406$13,858$13,334$12,833$12,354$11,162
5 years$11,409$10,864$10,347$9,857$9,391$8,249
6 years$9,412$8,872$8,362$7,883$7,431$6,340
7 years$7,987$7,450$6,949$6,481$6,043$5,004
8 years$6,918$6,386$5,893$5,436$5,014$4,025
9 years$6,087$5,560$5,076$4,631$4,222$3,283
10 years$5,422$4,901$4,425$3,992$3,597$2,708
11 years$4,879$4,363$3,896$3,474$3,094$2,252
12 years$4,427$3,916$3,458$3,047$2,681$1,886
13 years$4,044$3,539$3,089$2,690$2,338$1,588
14 years$3,717$3,217$2,776$2,388$2,049$1,343
15 years$3,433$2,939$2,506$2,130$1,805$1,140
16 years$3,185$2,696$2,272$1,907$1,595$971
17 years$2,967$2,483$2,067$1,713$1,414$829
18 years$2,773$2,295$1,887$1,544$1,257$709
19 years$2,600$2,127$1,728$1,395$1,121$608
20 years$2,444$1,976$1,586$1,264$1,001$522
21 years$2,303$1,841$1,459$1,147$896$449
22 years$2,175$1,718$1,344$1,043$803$386
23 years$2,058$1,607$1,241$950$721$333
24 years$1,952$1,506$1,148$866$648$287
25 years$1,854$1,413$1,063$791$583$247
26 years$1,763$1,328$986$723$525$214
27 years$1,680$1,250$916$662$473$184
28 years$1,602$1,178$851$607$427$159
29 years$1,531$1,111$792$556$386$138
30 years$1,464$1,049$738$510$349$119
31 years$1,401$992$688$469$315$103
32 years$1,342$939$642$431$285$89
33 years$1,288$889$599$396$258$77
34 years$1,236$842$560$365$234$67
35 years$1,188$799$523$336$212$58
36 years$1,142$758$490$309$192$50
37 years$1,099$720$458$285$174$43
38 years$1,058$684$429$262$157$38
39 years$1,020$651$402$242$143$32
40 years$983$619$377$223$130$28
41 years$948$589$353$206$118$24
42 years$915$561$332$190$107$21
43 years$884$535$311$175$97$18
44 years$854$510$292$162$88$16
45 years$826$486$274$150$80$14
46 years$799$464$258$138$72$12
47 years$773$443$242$128$66$10
48 years$748$423$227$118$60$9
49 years$725$404$214$109$54$8
50 years$702$385$201$101$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $719,000, adding $3,814 every year, while hoping to spend $49,602 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: 42/47/11 Blend
56$719,000$719,000$719,000$719,000
57$796,272$758,165$747,021$826,996
58$824,716$742,539$719,270$833,247
59$854,398$724,485$688,927$834,750
60$885,393$703,831$655,852$835,272
61$917,781$680,397$619,901$834,744
62$951,648$653,989$580,921$833,095
63$987,087$624,406$538,753$830,249
64$1,024,200$591,432$493,231$826,129
65$1,063,096$554,839$444,182$820,654
66$1,103,894$514,388$391,424$813,739
67$1,146,722$469,825$334,768$805,297
68$1,191,721$420,880$274,016$795,240
69$1,239,044$367,269$208,962$783,473
70$1,288,854$308,694$139,391$769,901
71$1,341,334$244,836$65,077$754,426
72$1,396,678$175,361$0$736,948
73$1,455,101$99,916$0$719,032
74$1,516,836$18,127$0$707,164
75$1,582,138$0$0$693,621
76$1,651,283$0$0$714,736
77$1,724,576$0$0$747,099
78$1,802,349$0$0$781,485
79$1,884,962$0$0$818,061
80$1,972,814$0$0$857,010
81$2,066,337$0$0$898,530
82$2,166,008$0$0$942,839
83$2,272,345$0$0$990,176
84$2,385,918$0$0$1,040,803
85$2,507,353$0$0$1,095,008
86$2,637,333$0$0$1,153,105
87$2,776,610$0$0$1,215,439
88$2,926,006$0$0$1,282,391
89$3,086,425$0$0$1,354,375
90$3,258,859$0$0$1,431,849
91$3,444,396$0$0$1,515,314
92$3,644,232$0$0$1,605,321
93$3,859,679$0$0$1,702,475
94$4,092,180$0$0$1,807,441
95$4,343,318$0$0$1,920,951
96$4,614,834$0$0$2,043,806
97$4,908,643$0$0$2,176,891
98$5,226,848$0$0$2,321,175
99$5,571,762$0$0$2,477,728
100$5,945,929$0$0$2,647,722