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%13%
1 years$59,374$58,845$58,329$57,826$57,334$56,618
2 years$29,393$28,846$28,315$27,801$27,302$26,581
3 years$19,401$18,851$18,322$17,812$17,321$16,619
4 years$14,406$13,858$13,334$12,833$12,354$11,674
5 years$11,409$10,864$10,347$9,857$9,391$8,737
6 years$9,412$8,872$8,362$7,883$7,431$6,803
7 years$7,987$7,450$6,949$6,481$6,043$5,442
8 years$6,918$6,386$5,893$5,436$5,014$4,438
9 years$6,087$5,560$5,076$4,631$4,222$3,673
10 years$5,422$4,901$4,425$3,992$3,597$3,074
11 years$4,879$4,363$3,896$3,474$3,094$2,595
12 years$4,427$3,916$3,458$3,047$2,681$2,207
13 years$4,044$3,539$3,089$2,690$2,338$1,888
14 years$3,717$3,217$2,776$2,388$2,049$1,623
15 years$3,433$2,939$2,506$2,130$1,805$1,401
16 years$3,185$2,696$2,272$1,907$1,595$1,213
17 years$2,967$2,483$2,067$1,713$1,414$1,054
18 years$2,773$2,295$1,887$1,544$1,257$917
19 years$2,600$2,127$1,728$1,395$1,121$800
20 years$2,444$1,976$1,586$1,264$1,001$699
21 years$2,303$1,841$1,459$1,147$896$612
22 years$2,175$1,718$1,344$1,043$803$537
23 years$2,058$1,607$1,241$950$721$471
24 years$1,952$1,506$1,148$866$648$414
25 years$1,854$1,413$1,063$791$583$364
26 years$1,763$1,328$986$723$525$320
27 years$1,680$1,250$916$662$473$282
28 years$1,602$1,178$851$607$427$248
29 years$1,531$1,111$792$556$386$219
30 years$1,464$1,049$738$510$349$193
31 years$1,401$992$688$469$315$170
32 years$1,342$939$642$431$285$150
33 years$1,288$889$599$396$258$133
34 years$1,236$842$560$365$234$117
35 years$1,188$799$523$336$212$104
36 years$1,142$758$490$309$192$92
37 years$1,099$720$458$285$174$81
38 years$1,058$684$429$262$157$71
39 years$1,020$651$402$242$143$63
40 years$983$619$377$223$130$56
41 years$948$589$353$206$118$49
42 years$915$561$332$190$107$44
43 years$884$535$311$175$97$39
44 years$854$510$292$162$88$34
45 years$826$486$274$150$80$30
46 years$799$464$258$138$72$27
47 years$773$443$242$128$66$24
48 years$748$423$227$118$60$21
49 years$725$404$214$109$54$18
50 years$702$385$201$101$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $719,000, adding $5,861 every year, while hoping to spend $34,741 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: 82/12/6 Blend
56$719,000$719,000$719,000$719,000
57$798,384$760,277$749,132$863,055
58$842,855$760,566$737,264$906,478
59$890,697$759,705$723,834$948,876
60$942,219$757,601$708,753$994,343
61$997,757$754,155$691,927$1,043,166
62$1,057,681$749,262$673,261$1,095,660
63$1,122,400$742,812$652,650$1,152,173
64$1,192,361$734,685$629,990$1,213,088
65$1,268,055$724,758$605,168$1,278,828
66$1,350,023$712,898$578,067$1,349,857
67$1,438,860$698,964$548,567$1,426,687
68$1,535,219$682,809$516,539$1,509,881
69$1,639,819$664,274$481,850$1,600,063
70$1,753,450$643,192$444,362$1,697,916
71$1,876,982$619,389$403,928$1,804,195
72$2,011,371$592,677$360,397$1,919,733
73$2,157,671$562,858$313,611$2,045,445
74$2,317,040$529,724$263,403$2,182,342
75$2,490,752$493,054$209,601$2,331,538
76$2,680,209$452,615$152,023$2,494,259
77$2,886,956$408,159$90,482$2,671,858
78$3,112,693$359,426$24,780$2,865,826
79$3,359,289$306,139$0$3,077,806
80$3,628,805$248,009$0$3,312,512
81$3,923,509$184,726$0$3,570,919
82$4,245,895$115,966$0$3,853,656
83$4,598,714$41,386$0$4,163,161
84$4,984,993$0$0$4,502,126
85$5,408,063$0$0$4,878,713
86$5,871,597$0$0$5,297,322
87$6,379,637$0$0$5,756,139
88$6,936,634$0$0$6,259,189
89$7,547,493$0$0$6,810,901
90$8,217,614$0$0$7,416,156
91$8,952,946$0$0$8,080,329
92$9,760,042$0$0$8,809,340
93$10,646,120$0$0$9,609,713
94$11,619,129$0$0$10,488,631
95$12,687,830$0$0$11,454,009
96$13,861,869$0$0$12,514,565
97$15,151,877$0$0$13,679,903
98$16,569,563$0$0$14,960,605
99$18,127,827$0$0$16,368,326
100$19,840,881$0$0$17,915,910