Can I retire at age 57 with 719,000?

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 $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%16.5%
1 years$59,374$58,845$58,329$57,826$57,334$55,812
2 years$29,393$28,846$28,315$27,801$27,302$25,779
3 years$19,401$18,851$18,322$17,812$17,321$15,846
4 years$14,406$13,858$13,334$12,833$12,354$10,936
5 years$11,409$10,864$10,347$9,857$9,391$8,036
6 years$9,412$8,872$8,362$7,883$7,431$6,139
7 years$7,987$7,450$6,949$6,481$6,043$4,815
8 years$6,918$6,386$5,893$5,436$5,014$3,848
9 years$6,087$5,560$5,076$4,631$4,222$3,118
10 years$5,422$4,901$4,425$3,992$3,597$2,554
11 years$4,879$4,363$3,896$3,474$3,094$2,110
12 years$4,427$3,916$3,458$3,047$2,681$1,754
13 years$4,044$3,539$3,089$2,690$2,338$1,466
14 years$3,717$3,217$2,776$2,388$2,049$1,231
15 years$3,433$2,939$2,506$2,130$1,805$1,037
16 years$3,185$2,696$2,272$1,907$1,595$876
17 years$2,967$2,483$2,067$1,713$1,414$742
18 years$2,773$2,295$1,887$1,544$1,257$630
19 years$2,600$2,127$1,728$1,395$1,121$535
20 years$2,444$1,976$1,586$1,264$1,001$456
21 years$2,303$1,841$1,459$1,147$896$388
22 years$2,175$1,718$1,344$1,043$803$331
23 years$2,058$1,607$1,241$950$721$283
24 years$1,952$1,506$1,148$866$648$242
25 years$1,854$1,413$1,063$791$583$207
26 years$1,763$1,328$986$723$525$177
27 years$1,680$1,250$916$662$473$152
28 years$1,602$1,178$851$607$427$130
29 years$1,531$1,111$792$556$386$111
30 years$1,464$1,049$738$510$349$95
31 years$1,401$992$688$469$315$82
32 years$1,342$939$642$431$285$70
33 years$1,288$889$599$396$258$60
34 years$1,236$842$560$365$234$51
35 years$1,188$799$523$336$212$44
36 years$1,142$758$490$309$192$38
37 years$1,099$720$458$285$174$32
38 years$1,058$684$429$262$157$28
39 years$1,020$651$402$242$143$24
40 years$983$619$377$223$130$21
41 years$948$589$353$206$118$18
42 years$915$561$332$190$107$15
43 years$884$535$311$175$97$13
44 years$854$510$292$162$88$11
45 years$826$486$274$150$80$10
46 years$799$464$258$138$72$8
47 years$773$443$242$128$66$7
48 years$748$423$227$118$60$6
49 years$725$404$214$109$54$5
50 years$702$385$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $719,000, adding $2,380 every year, while hoping to spend $27,926 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: 44/31/25 Blend
56$719,000$719,000$719,000$719,000
57$794,793$756,686$745,541$823,907
58$846,149$764,051$740,804$852,181
59$901,807$770,840$734,972$879,934
60$962,177$776,997$727,979$909,467
61$1,027,709$782,459$719,756$940,962
62$1,098,897$787,162$710,230$974,619
63$1,176,288$791,036$699,326$1,010,659
64$1,260,479$794,007$686,963$1,049,328
65$1,352,130$795,996$673,059$1,090,899
66$1,451,967$796,919$657,526$1,135,675
67$1,560,788$796,688$640,274$1,183,989
68$1,679,471$795,209$621,205$1,236,213
69$1,808,984$792,380$600,222$1,292,757
70$1,950,390$788,097$577,220$1,354,076
71$2,104,862$782,246$552,089$1,420,674
72$2,273,689$774,707$524,715$1,493,106
73$2,458,292$765,354$494,979$1,571,991
74$2,660,234$754,053$462,757$1,658,010
75$2,881,236$740,660$427,918$1,751,918
76$3,123,196$725,025$390,327$1,854,551
77$3,388,199$706,989$349,840$1,966,831
78$3,678,545$686,381$306,309$2,089,782
79$3,996,766$663,024$259,581$2,224,531
80$4,345,651$636,726$209,491$2,372,327
81$4,728,270$607,289$155,872$2,534,552
82$5,148,006$574,499$98,546$2,712,729
83$5,608,585$538,131$37,330$2,908,547
84$6,114,111$497,950$0$3,123,867
85$6,669,104$453,703$0$3,368,217
86$7,278,545$405,126$0$3,647,515
87$7,947,917$351,938$0$3,954,361
88$8,683,265$293,844$0$4,291,587
89$9,491,245$230,529$0$4,662,321
90$10,379,191$161,664$0$5,070,009
91$11,355,183$86,900$0$5,518,455
92$12,428,121$5,867$0$6,011,856
93$13,607,812$0$0$6,554,838
94$14,905,060$0$0$7,180,419
95$16,331,769$0$0$7,870,729
96$17,901,054$0$0$8,630,125
97$19,627,364$0$0$9,465,612
98$21,526,620$0$0$10,384,907
99$23,616,365$0$0$11,396,515
100$25,915,926$0$0$12,509,807