Can I retire at age 57 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$59,622$59,091$58,573$58,067$57,573$56,925
2 years$29,516$28,966$28,433$27,917$27,416$26,763
3 years$19,482$18,930$18,398$17,887$17,394$16,757
4 years$14,466$13,915$13,389$12,886$12,405$11,789
5 years$11,457$10,910$10,391$9,898$9,430$8,837
6 years$9,452$8,909$8,397$7,915$7,462$6,892
7 years$8,020$7,481$6,978$6,508$6,069$5,522
8 years$6,947$6,413$5,918$5,459$5,034$4,511
9 years$6,112$5,584$5,097$4,650$4,240$3,740
10 years$5,445$4,922$4,444$4,008$3,612$3,136
11 years$4,900$4,382$3,912$3,488$3,107$2,653
12 years$4,445$3,933$3,472$3,060$2,692$2,260
13 years$4,061$3,554$3,102$2,701$2,348$1,937
14 years$3,732$3,230$2,787$2,398$2,058$1,669
15 years$3,448$2,951$2,516$2,139$1,812$1,443
16 years$3,199$2,708$2,282$1,915$1,601$1,252
17 years$2,979$2,494$2,076$1,720$1,420$1,090
18 years$2,784$2,304$1,895$1,551$1,263$951
19 years$2,610$2,135$1,735$1,401$1,125$831
20 years$2,454$1,984$1,592$1,269$1,005$728
21 years$2,312$1,848$1,465$1,152$900$639
22 years$2,184$1,725$1,350$1,047$806$561
23 years$2,067$1,614$1,246$954$724$494
24 years$1,960$1,512$1,153$870$651$435
25 years$1,861$1,419$1,068$794$585$383
26 years$1,771$1,334$990$726$527$338
27 years$1,687$1,255$919$665$475$298
28 years$1,609$1,183$855$609$429$264
29 years$1,537$1,116$795$559$387$233
30 years$1,470$1,054$741$513$350$206
31 years$1,407$996$691$471$316$182
32 years$1,348$942$644$433$286$161
33 years$1,293$892$602$398$259$143
34 years$1,241$846$562$366$235$126
35 years$1,193$802$526$337$212$112
36 years$1,147$761$492$310$192$99
37 years$1,103$723$460$286$174$88
38 years$1,062$687$431$264$158$78
39 years$1,024$654$404$243$143$69
40 years$987$622$378$224$130$61
41 years$952$592$355$207$118$54
42 years$919$564$333$191$107$48
43 years$888$537$312$176$97$43
44 years$858$512$293$163$88$38
45 years$829$488$275$150$80$33
46 years$802$466$259$139$73$30
47 years$776$444$243$128$66$26
48 years$751$424$228$118$60$23
49 years$728$405$215$109$54$21
50 years$705$387$202$101$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $722,000, adding $3,335 every year, while hoping to spend $28,447 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: 71/5/24 Blend
56$722,000$722,000$722,000$722,000
57$799,084$760,818$749,627$850,777
58$850,323$767,831$744,472$892,751
59$905,835$774,234$738,191$935,042
60$966,026$779,967$730,716$980,665
61$1,031,342$784,967$721,977$1,029,948
62$1,102,274$789,165$711,898$1,083,253
63$1,179,362$792,489$700,402$1,140,980
64$1,263,199$794,864$687,408$1,203,570
65$1,354,439$796,206$672,829$1,271,508
66$1,453,801$796,429$656,578$1,345,329
67$1,562,076$795,441$638,561$1,425,626
68$1,680,134$793,145$618,680$1,513,050
69$1,808,935$789,436$596,832$1,608,321
70$1,949,532$784,204$572,912$1,712,230
71$2,103,087$777,332$546,807$1,825,654
72$2,270,877$768,697$518,401$1,949,556
73$2,454,310$758,167$487,571$2,085,000
74$2,654,935$745,603$454,190$2,233,160
75$2,874,458$730,857$418,125$2,395,330
76$3,114,757$713,773$379,236$2,572,937
77$3,377,901$694,186$337,379$2,767,554
78$3,666,166$671,920$292,400$2,980,917
79$3,982,061$646,791$244,142$3,214,939
80$4,328,349$618,601$192,438$3,471,730
81$4,708,072$587,144$137,117$3,753,617
82$5,124,581$552,200$77,996$4,063,166
83$5,581,567$513,536$14,887$4,403,206
84$6,083,096$470,908$0$4,776,857
85$6,633,645$424,056$0$5,200,991
86$7,238,147$372,705$0$5,670,908
87$7,902,036$316,566$0$6,187,029
88$8,631,298$255,332$0$6,754,020
89$9,432,528$188,681$0$7,377,023
90$10,312,989$116,270$0$8,061,704
91$11,280,686$37,738$0$8,814,305
92$12,344,434$0$0$9,641,705
93$13,513,948$0$0$10,554,084
94$14,799,929$0$0$11,559,647
95$16,214,168$0$0$12,665,542
96$17,769,656$0$0$13,881,934
97$19,480,705$0$0$15,220,019
98$21,363,086$0$0$16,692,136
99$23,434,173$0$0$18,311,879
100$25,713,111$0$0$20,094,225