Can I retire at age 57 with 720,000?

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 $720,000?

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$59,457$58,927$58,411$57,906$57,414$56,696
2 years$29,434$28,886$28,355$27,840$27,340$26,618
3 years$19,428$18,877$18,347$17,837$17,346$16,642
4 years$14,426$13,877$13,352$12,851$12,371$11,690
5 years$11,425$10,880$10,362$9,870$9,404$8,749
6 years$9,425$8,884$8,374$7,894$7,441$6,812
7 years$7,998$7,461$6,959$6,490$6,052$5,449
8 years$6,927$6,395$5,902$5,444$5,020$4,444
9 years$6,095$5,568$5,083$4,637$4,228$3,678
10 years$5,430$4,908$4,431$3,997$3,602$3,078
11 years$4,886$4,369$3,901$3,479$3,098$2,599
12 years$4,433$3,922$3,462$3,051$2,685$2,210
13 years$4,050$3,544$3,093$2,694$2,341$1,891
14 years$3,722$3,221$2,779$2,391$2,052$1,625
15 years$3,438$2,943$2,509$2,133$1,807$1,403
16 years$3,190$2,700$2,275$1,910$1,597$1,215
17 years$2,971$2,487$2,070$1,716$1,416$1,055
18 years$2,777$2,298$1,890$1,546$1,259$919
19 years$2,603$2,130$1,730$1,397$1,122$801
20 years$2,447$1,979$1,588$1,265$1,002$700
21 years$2,306$1,843$1,461$1,148$897$613
22 years$2,178$1,721$1,346$1,044$804$537
23 years$2,061$1,609$1,243$951$722$472
24 years$1,954$1,508$1,149$867$649$414
25 years$1,856$1,415$1,065$792$584$364
26 years$1,766$1,330$987$724$526$321
27 years$1,682$1,252$917$663$474$282
28 years$1,605$1,179$852$607$428$249
29 years$1,533$1,113$793$557$386$219
30 years$1,466$1,051$739$511$349$193
31 years$1,403$993$689$469$316$171
32 years$1,344$940$643$431$285$151
33 years$1,289$890$600$397$258$133
34 years$1,238$844$561$365$234$117
35 years$1,189$800$524$336$212$104
36 years$1,144$759$490$309$192$92
37 years$1,100$721$459$285$174$81
38 years$1,060$685$430$263$158$72
39 years$1,021$652$403$242$143$63
40 years$984$620$377$224$130$56
41 years$950$590$354$206$118$49
42 years$917$562$332$190$107$44
43 years$885$536$312$176$97$39
44 years$855$511$292$162$88$34
45 years$827$487$275$150$80$30
46 years$800$464$258$138$73$27
47 years$774$443$242$128$66$24
48 years$749$423$228$118$60$21
49 years$726$404$214$109$54$19
50 years$703$386$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 $720,000, adding $4,345 every year, while hoping to spend $20,255 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: 50/42/8 Blend
56$720,000$720,000$720,000$720,000
57$797,922$759,762$748,602$835,952
58$857,759$775,439$752,129$878,054
59$923,020$791,206$755,095$921,255
60$994,238$807,044$757,461$967,722
61$1,071,998$822,937$759,183$1,017,766
62$1,156,944$838,863$760,218$1,071,729
63$1,249,786$854,801$760,519$1,129,989
64$1,351,305$870,728$760,038$1,192,962
65$1,462,362$886,617$758,722$1,261,106
66$1,583,902$902,441$756,519$1,334,928
67$1,716,970$918,170$753,373$1,414,983
68$1,862,714$933,773$749,223$1,501,885
69$2,022,397$949,215$744,009$1,596,312
70$2,197,414$964,458$737,665$1,699,008
71$2,389,297$979,464$730,124$1,810,797
72$2,599,736$994,189$721,314$1,932,583
73$2,830,592$1,008,587$711,161$2,065,367
74$3,083,915$1,022,610$699,587$2,210,249
75$3,361,961$1,036,204$686,510$2,368,444
76$3,667,218$1,049,315$671,845$2,541,289
77$4,002,425$1,061,882$655,502$2,730,262
78$4,370,599$1,073,841$637,388$2,936,988
79$4,775,064$1,085,124$617,405$3,163,261
80$5,219,483$1,095,657$595,450$3,411,058
81$5,707,889$1,105,363$571,417$3,682,559
82$6,244,728$1,114,160$545,194$3,980,167
83$6,834,895$1,121,959$516,662$4,306,532
84$7,483,785$1,128,665$485,701$4,664,575
85$8,197,341$1,134,180$452,182$5,057,516
86$8,982,112$1,138,397$415,972$5,488,905
87$9,845,311$1,141,202$376,932$5,962,656
88$10,794,888$1,142,477$334,914$6,483,084
89$11,839,601$1,142,092$289,768$7,054,947
90$12,989,099$1,139,913$241,334$7,683,487
91$14,254,014$1,135,796$189,445$8,374,488
92$15,646,061$1,129,588$133,930$9,134,321
93$17,178,149$1,121,127$74,605$9,970,013
94$18,864,499$1,110,241$11,284$10,889,310
95$20,720,784$1,096,749$0$11,900,750
96$22,764,271$1,080,457$0$13,018,551
97$25,013,988$1,061,160$0$14,249,625
98$27,490,901$1,038,643$0$15,604,464
99$30,218,111$1,012,675$0$17,095,696
100$33,221,076$983,013$0$18,737,241