Can I retire at age 57 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$59,870$59,337$58,816$58,308$57,813$55,828
2 years$29,639$29,087$28,552$28,033$27,530$25,551
3 years$19,563$19,008$18,475$17,961$17,466$15,554
4 years$14,526$13,973$13,445$12,940$12,457$10,627
5 years$11,504$10,955$10,434$9,939$9,470$7,727
6 years$9,491$8,946$8,432$7,948$7,493$5,839
7 years$8,053$7,513$7,007$6,535$6,094$4,528
8 years$6,975$6,440$5,943$5,482$5,055$3,576
9 years$6,138$5,607$5,118$4,669$4,257$2,863
10 years$5,468$4,942$4,462$4,025$3,627$2,316
11 years$4,920$4,400$3,929$3,503$3,120$1,888
12 years$4,464$3,949$3,486$3,073$2,704$1,549
13 years$4,078$3,569$3,115$2,713$2,358$1,277
14 years$3,748$3,244$2,799$2,408$2,067$1,058
15 years$3,462$2,963$2,527$2,147$1,820$878
16 years$3,212$2,719$2,291$1,923$1,608$732
17 years$2,992$2,504$2,085$1,728$1,426$611
18 years$2,796$2,314$1,903$1,557$1,268$511
19 years$2,621$2,144$1,742$1,407$1,130$428
20 years$2,464$1,993$1,599$1,274$1,009$358
21 years$2,322$1,856$1,471$1,156$903$301
22 years$2,193$1,733$1,355$1,051$810$253
23 years$2,076$1,620$1,252$958$727$212
24 years$1,968$1,518$1,157$873$653$179
25 years$1,869$1,425$1,072$798$588$150
26 years$1,778$1,339$994$729$530$127
27 years$1,694$1,260$923$668$477$107
28 years$1,616$1,188$858$612$431$90
29 years$1,543$1,120$799$561$389$76
30 years$1,476$1,058$744$515$351$64
31 years$1,413$1,000$694$473$318$54
32 years$1,354$946$647$434$287$45
33 years$1,298$896$604$400$260$38
34 years$1,246$849$565$368$236$32
35 years$1,198$806$528$338$213$27
36 years$1,151$765$494$312$193$23
37 years$1,108$726$462$287$175$19
38 years$1,067$690$433$265$159$16
39 years$1,028$656$405$244$144$14
40 years$991$624$380$225$131$12
41 years$956$594$356$208$119$10
42 years$923$566$334$192$108$8
43 years$891$539$314$177$98$7
44 years$861$514$294$163$89$6
45 years$833$490$276$151$80$5
46 years$805$468$260$139$73$4
47 years$779$446$244$129$66$4
48 years$754$426$229$119$60$3
49 years$731$407$215$110$55$3
50 years$708$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $725,000, adding $6,007 every year, while hoping to spend $25,034 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: 52/24/24 Blend
56$725,000$725,000$725,000$725,000
57$805,146$766,721$755,484$841,350
58$860,635$777,655$754,156$877,962
59$920,945$788,285$751,946$914,711
60$986,541$798,570$748,795$954,171
61$1,057,935$808,467$744,647$996,610
62$1,135,690$817,928$739,438$1,042,324
63$1,220,427$826,902$733,106$1,091,639
64$1,312,826$835,337$725,581$1,144,917
65$1,413,640$843,174$716,794$1,202,554
66$1,523,695$850,353$706,670$1,264,992
67$1,643,900$856,808$695,131$1,332,715
68$1,775,256$862,470$682,097$1,406,261
69$1,918,867$867,266$667,481$1,486,221
70$2,075,946$871,116$651,196$1,573,250
71$2,247,829$873,938$633,149$1,668,069
72$2,435,989$875,643$613,241$1,771,474
73$2,642,047$876,135$591,370$1,884,347
74$2,867,786$875,316$567,431$2,007,658
75$3,115,172$873,079$541,312$2,142,478
76$3,386,370$869,310$512,897$2,289,992
77$3,683,764$863,890$482,063$2,451,505
78$4,009,979$856,693$448,684$2,628,459
79$4,367,909$847,582$412,626$2,822,443
80$4,760,738$836,416$373,752$3,035,213
81$5,191,975$823,043$331,915$3,268,706
82$5,665,487$807,302$286,964$3,525,059
83$6,185,530$789,023$238,741$3,806,631
84$6,756,796$768,027$187,081$4,116,022
85$7,384,452$744,124$131,811$4,456,104
86$8,074,191$717,110$72,751$4,830,042
87$8,832,283$686,773$9,713$5,241,332
88$9,665,638$652,888$0$5,693,826
89$10,581,868$615,214$0$6,206,515
90$11,589,359$573,500$0$6,772,961
91$12,697,351$527,478$0$7,395,902
92$13,916,023$476,867$0$8,081,098
93$15,256,591$421,367$0$8,834,903
94$16,731,412$360,663$0$9,664,316
95$18,354,103$294,423$0$10,577,058
96$20,139,665$222,293$0$11,581,634
97$22,104,628$143,902$0$12,687,423
98$24,267,205$58,858$0$13,904,762
99$26,647,463$0$0$15,245,047
100$29,267,516$0$0$16,729,620