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%14.7%
1 years$59,705$59,173$58,654$58,148$57,653$56,535
2 years$29,557$29,006$28,473$27,956$27,454$26,332
3 years$19,509$18,956$18,424$17,911$17,418$16,327
4 years$14,486$13,935$13,408$12,904$12,423$11,372
5 years$11,473$10,925$10,405$9,912$9,443$8,435
6 years$9,465$8,921$8,409$7,926$7,472$6,508
7 years$8,031$7,492$6,988$6,517$6,077$5,156
8 years$6,956$6,422$5,926$5,467$5,041$4,164
9 years$6,121$5,591$5,104$4,656$4,246$3,411
10 years$5,453$4,929$4,450$4,014$3,617$2,826
11 years$4,906$4,388$3,918$3,493$3,111$2,361
12 years$4,452$3,938$3,477$3,064$2,696$1,986
13 years$4,067$3,559$3,106$2,705$2,351$1,680
14 years$3,738$3,235$2,791$2,401$2,061$1,428
15 years$3,452$2,955$2,520$2,142$1,815$1,218
16 years$3,203$2,711$2,285$1,918$1,604$1,042
17 years$2,983$2,497$2,079$1,723$1,422$894
18 years$2,788$2,307$1,898$1,553$1,264$769
19 years$2,614$2,138$1,737$1,403$1,127$663
20 years$2,457$1,987$1,594$1,271$1,007$572
21 years$2,316$1,851$1,467$1,153$901$494
22 years$2,187$1,728$1,352$1,049$807$428
23 years$2,070$1,616$1,248$955$725$370
24 years$1,963$1,514$1,154$871$651$321
25 years$1,864$1,421$1,069$795$586$279
26 years$1,773$1,335$992$727$528$242
27 years$1,689$1,257$921$666$476$210
28 years$1,611$1,184$856$610$430$183
29 years$1,539$1,117$796$559$388$159
30 years$1,472$1,055$742$513$350$138
31 years$1,409$997$692$471$317$120
32 years$1,350$944$645$433$287$104
33 years$1,295$894$603$398$259$91
34 years$1,243$847$563$367$235$79
35 years$1,194$803$526$337$213$69
36 years$1,148$763$492$311$193$60
37 years$1,105$724$461$286$175$52
38 years$1,064$688$432$264$158$46
39 years$1,025$655$404$243$144$40
40 years$988$623$379$224$130$35
41 years$954$593$355$207$118$30
42 years$920$565$333$191$107$26
43 years$889$538$313$176$97$23
44 years$859$513$294$163$88$20
45 years$830$489$276$150$80$17
46 years$803$466$259$139$73$15
47 years$777$445$243$128$66$13
48 years$752$425$229$119$60$12
49 years$729$406$215$110$55$10
50 years$706$388$202$101$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $723,000, adding $2,967 every year, while hoping to spend $50,692 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: 61/24/15 Blend
56$723,000$723,000$723,000$723,000
57$799,806$761,487$750,281$845,428
58$827,451$744,864$721,479$859,865
59$856,216$725,728$690,014$869,640
60$886,163$703,901$655,742$879,101
61$917,356$679,197$618,515$888,222
62$949,867$651,418$578,175$896,976
63$983,770$620,355$534,561$905,337
64$1,019,147$585,785$487,502$913,276
65$1,056,087$547,475$436,819$920,767
66$1,094,683$505,177$382,328$927,783
67$1,135,039$458,628$323,834$934,296
68$1,177,265$407,553$261,135$940,280
69$1,221,482$351,659$194,018$945,709
70$1,267,818$290,636$122,264$950,560
71$1,316,417$224,158$45,640$954,808
72$1,367,429$151,879$0$958,433
73$1,421,022$73,436$0$967,199
74$1,477,376$0$0$983,478
75$1,536,688$0$0$1,003,039
76$1,599,170$0$0$1,044,098
77$1,665,057$0$0$1,087,415
78$1,734,602$0$0$1,133,161
79$1,808,081$0$0$1,181,519
80$1,885,796$0$0$1,232,693
81$1,968,077$0$0$1,286,902
82$2,055,284$0$0$1,344,388
83$2,147,809$0$0$1,405,412
84$2,246,082$0$0$1,470,265
85$2,350,574$0$0$1,539,259
86$2,461,799$0$0$1,612,740
87$2,580,320$0$0$1,691,085
88$2,706,754$0$0$1,774,708
89$2,841,777$0$0$1,864,060
90$2,986,128$0$0$1,959,640
91$3,140,619$0$0$2,061,989
92$3,306,141$0$0$2,171,706
93$3,483,669$0$0$2,289,446
94$3,674,274$0$0$2,415,925
95$3,879,132$0$0$2,551,934
96$4,099,533$0$0$2,698,338
97$4,336,893$0$0$2,856,087
98$4,592,770$0$0$3,026,225
99$4,868,872$0$0$3,209,901
100$5,167,077$0$0$3,408,374