Can I retire at age 57 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$59,540$59,009$58,492$57,987$57,494$56,058
2 years$29,475$28,926$28,394$27,878$27,378$25,941
3 years$19,455$18,903$18,373$17,862$17,370$15,976
4 years$14,446$13,896$13,371$12,868$12,388$11,048
5 years$11,441$10,895$10,376$9,884$9,417$8,135
6 years$9,439$8,896$8,386$7,904$7,452$6,229
7 years$8,009$7,471$6,968$6,499$6,060$4,896
8 years$6,937$6,404$5,910$5,452$5,027$3,922
9 years$6,104$5,576$5,090$4,644$4,234$3,186
10 years$5,438$4,915$4,438$4,003$3,607$2,616
11 years$4,893$4,375$3,907$3,484$3,103$2,166
12 years$4,439$3,927$3,467$3,056$2,689$1,806
13 years$4,056$3,549$3,098$2,698$2,345$1,513
14 years$3,727$3,226$2,783$2,395$2,055$1,274
15 years$3,443$2,947$2,513$2,136$1,810$1,076
16 years$3,194$2,704$2,278$1,912$1,599$912
17 years$2,975$2,490$2,073$1,718$1,418$775
18 years$2,781$2,301$1,893$1,548$1,261$659
19 years$2,607$2,133$1,733$1,399$1,124$562
20 years$2,450$1,982$1,590$1,267$1,004$480
21 years$2,309$1,846$1,463$1,150$898$410
22 years$2,181$1,723$1,348$1,046$805$351
23 years$2,064$1,611$1,245$952$723$301
24 years$1,957$1,510$1,151$869$650$258
25 years$1,859$1,417$1,066$793$585$221
26 years$1,768$1,332$989$725$527$190
27 years$1,685$1,253$918$664$475$163
28 years$1,607$1,181$854$608$428$140
29 years$1,535$1,114$794$558$387$121
30 years$1,468$1,052$740$512$350$104
31 years$1,405$995$690$470$316$89
32 years$1,346$941$644$432$286$77
33 years$1,291$891$601$397$259$66
34 years$1,240$845$561$366$234$57
35 years$1,191$801$525$337$212$49
36 years$1,145$760$491$310$192$42
37 years$1,102$722$460$286$174$36
38 years$1,061$686$430$263$158$31
39 years$1,022$653$403$243$143$27
40 years$986$621$378$224$130$23
41 years$951$591$354$207$118$20
42 years$918$563$332$191$107$17
43 years$887$536$312$176$97$15
44 years$857$511$293$162$88$13
45 years$828$488$275$150$80$11
46 years$801$465$258$139$73$9
47 years$775$444$243$128$66$8
48 years$750$424$228$118$60$7
49 years$727$405$214$109$54$6
50 years$704$387$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $721,000, adding $6,390 every year, while hoping to spend $56,970 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: 25/47/28 Blend
56$721,000$721,000$721,000$721,000
57$801,133$762,920$751,745$814,013
58$822,233$739,688$716,313$802,010
59$843,576$713,407$677,784$783,894
60$865,126$683,870$635,995$763,290
61$886,843$650,853$590,775$740,026
62$908,679$614,123$541,944$713,924
63$930,581$573,432$489,316$684,792
64$952,487$528,517$432,695$652,427
65$974,328$479,102$371,877$616,614
66$996,024$424,892$306,650$577,127
67$1,017,487$365,580$236,791$533,722
68$1,038,614$300,837$162,067$486,145
69$1,059,292$230,318$82,236$434,123
70$1,079,394$153,657$0$377,368
71$1,098,776$70,470$0$316,459
72$1,117,278$0$0$276,462
73$1,134,719$0$0$242,685
74$1,150,898$0$0$244,940
75$1,165,592$0$0$246,716
76$1,178,549$0$0$247,942
77$1,189,492$0$0$248,539
78$1,198,108$0$0$248,419
79$1,204,053$0$0$247,485
80$1,206,942$0$0$245,627
81$1,206,348$0$0$242,727
82$1,201,796$0$0$238,650
83$1,192,762$0$0$233,249
84$1,178,659$0$0$226,360
85$1,158,842$0$0$217,802
86$1,132,592$0$0$207,374
87$1,099,114$0$0$194,854
88$1,057,528$0$0$179,997
89$1,006,859$0$0$162,530
90$946,028$0$0$142,152
91$873,840$0$0$118,533
92$788,976$0$0$91,303
93$689,975$0$0$60,057
94$575,223$0$0$24,347
95$442,934$0$0$0
96$291,136$0$0$0
97$117,650$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0