Can I retire at age 57 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$59,705$59,173$58,654$58,148$57,653$56,675
2 years$29,557$29,006$28,473$27,956$27,454$26,471
3 years$19,509$18,956$18,424$17,911$17,418$16,461
4 years$14,486$13,935$13,408$12,904$12,423$11,500
5 years$11,473$10,925$10,405$9,912$9,443$8,557
6 years$9,465$8,921$8,409$7,926$7,472$6,623
7 years$8,031$7,492$6,988$6,517$6,077$5,265
8 years$6,956$6,422$5,926$5,467$5,041$4,267
9 years$6,121$5,591$5,104$4,656$4,246$3,508
10 years$5,453$4,929$4,450$4,014$3,617$2,917
11 years$4,906$4,388$3,918$3,493$3,111$2,446
12 years$4,452$3,938$3,477$3,064$2,696$2,065
13 years$4,067$3,559$3,106$2,705$2,351$1,754
14 years$3,738$3,235$2,791$2,401$2,061$1,497
15 years$3,452$2,955$2,520$2,142$1,815$1,282
16 years$3,203$2,711$2,285$1,918$1,604$1,102
17 years$2,983$2,497$2,079$1,723$1,422$950
18 years$2,788$2,307$1,898$1,553$1,264$820
19 years$2,614$2,138$1,737$1,403$1,127$710
20 years$2,457$1,987$1,594$1,271$1,007$615
21 years$2,316$1,851$1,467$1,153$901$534
22 years$2,187$1,728$1,352$1,049$807$464
23 years$2,070$1,616$1,248$955$725$404
24 years$1,963$1,514$1,154$871$651$352
25 years$1,864$1,421$1,069$795$586$307
26 years$1,773$1,335$992$727$528$268
27 years$1,689$1,257$921$666$476$234
28 years$1,611$1,184$856$610$430$204
29 years$1,539$1,117$796$559$388$178
30 years$1,472$1,055$742$513$350$156
31 years$1,409$997$692$471$317$136
32 years$1,350$944$645$433$287$119
33 years$1,295$894$603$398$259$104
34 years$1,243$847$563$367$235$91
35 years$1,194$803$526$337$213$80
36 years$1,148$763$492$311$193$70
37 years$1,105$724$461$286$175$61
38 years$1,064$688$432$264$158$54
39 years$1,025$655$404$243$144$47
40 years$988$623$379$224$130$41
41 years$954$593$355$207$118$36
42 years$920$565$333$191$107$32
43 years$889$538$313$176$97$28
44 years$859$513$294$163$88$24
45 years$830$489$276$150$80$21
46 years$803$466$259$139$73$19
47 years$777$445$243$128$66$16
48 years$752$425$229$119$60$14
49 years$729$406$215$110$55$12
50 years$706$388$202$101$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $723,000, adding $3,021 every year, while hoping to spend $24,234 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: 86/9/5 Blend
56$723,000$723,000$723,000$723,000
57$799,862$761,543$750,337$868,424
58$855,663$773,074$749,688$925,074
59$916,344$784,358$748,206$983,647
60$982,376$795,356$745,836$1,047,222
61$1,054,280$806,030$742,522$1,116,284
62$1,132,626$816,335$738,206$1,191,367
63$1,218,044$826,225$732,826$1,273,061
64$1,311,226$835,652$726,318$1,362,015
65$1,412,934$844,562$718,613$1,458,940
66$1,524,007$852,900$709,640$1,564,625
67$1,645,369$860,605$699,326$1,679,934
68$1,778,036$867,614$687,593$1,805,822
69$1,923,128$873,859$674,359$1,943,337
70$2,081,876$879,268$659,540$2,093,639
71$2,255,639$883,763$643,045$2,257,999
72$2,445,909$887,263$624,783$2,437,823
73$2,654,334$889,680$604,655$2,634,657
74$2,882,724$890,923$582,559$2,850,204
75$3,133,076$890,892$558,389$3,086,341
76$3,407,588$889,484$532,033$3,345,135
77$3,708,680$886,587$503,375$3,628,865
78$4,039,020$882,084$472,292$3,940,041
79$4,401,544$875,851$438,658$4,281,428
80$4,799,488$867,754$402,339$4,656,072
81$5,236,415$857,653$363,197$5,067,331
82$5,716,252$845,400$321,086$5,518,904
83$6,243,321$830,836$275,855$6,014,867
84$6,822,389$813,796$227,344$6,559,710
85$7,458,702$794,101$175,389$7,158,383
86$8,158,042$771,565$119,818$7,816,339
87$8,926,779$745,989$60,449$8,539,586
88$9,771,932$717,163$0$9,334,745
89$10,701,230$684,865$0$10,209,269
90$11,723,192$648,860$0$11,174,493
91$12,847,203$608,900$0$12,236,061
92$14,083,604$564,722$0$13,403,746
93$15,443,785$516,047$0$14,688,320
94$16,940,300$462,582$0$16,101,651
95$18,586,979$404,017$0$17,656,817
96$20,399,061$340,024$0$19,368,229
97$22,393,335$270,255$0$21,251,767
98$24,588,303$194,345$0$23,324,930
99$27,004,349$111,907$0$25,607,001
100$29,663,935$22,533$0$28,119,228