Can I retire at age 57 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$59,952$59,418$58,897$58,389$57,892$57,004
2 years$29,679$29,127$28,591$28,072$27,568$26,675
3 years$19,590$19,035$18,500$17,986$17,490$16,620
4 years$14,546$13,992$13,463$12,958$12,474$11,634
5 years$11,520$10,970$10,448$9,953$9,483$8,675
6 years$9,504$8,958$8,444$7,959$7,503$6,729
7 years$8,064$7,523$7,017$6,544$6,102$5,362
8 years$6,985$6,449$5,951$5,489$5,062$4,355
9 years$6,146$5,615$5,125$4,676$4,263$3,589
10 years$5,475$4,949$4,468$4,031$3,632$2,991
11 years$4,927$4,406$3,934$3,508$3,124$2,515
12 years$4,470$3,954$3,491$3,077$2,707$2,129
13 years$4,084$3,574$3,119$2,716$2,361$1,813
14 years$3,753$3,248$2,803$2,411$2,069$1,551
15 years$3,467$2,967$2,530$2,150$1,822$1,332
16 years$3,216$2,723$2,294$1,925$1,610$1,148
17 years$2,996$2,507$2,088$1,730$1,428$992
18 years$2,800$2,317$1,906$1,559$1,270$860
19 years$2,625$2,147$1,745$1,409$1,132$746
20 years$2,467$1,995$1,601$1,276$1,011$649
21 years$2,325$1,859$1,473$1,158$905$565
22 years$2,196$1,735$1,357$1,053$811$493
23 years$2,078$1,623$1,253$959$728$430
24 years$1,971$1,520$1,159$875$654$376
25 years$1,872$1,427$1,074$799$589$328
26 years$1,781$1,341$996$730$530$287
27 years$1,696$1,262$925$668$478$252
28 years$1,618$1,189$859$612$431$221
29 years$1,545$1,122$800$562$390$193
30 years$1,478$1,059$745$515$352$169
31 years$1,415$1,002$695$473$318$149
32 years$1,356$948$648$435$288$130
33 years$1,300$897$605$400$260$115
34 years$1,248$851$565$368$236$101
35 years$1,199$807$529$339$214$88
36 years$1,153$766$494$312$194$78
37 years$1,110$727$463$288$175$68
38 years$1,068$691$433$265$159$60
39 years$1,029$657$406$244$144$53
40 years$993$625$381$225$131$46
41 years$958$595$357$208$119$41
42 years$924$567$335$192$108$36
43 years$893$540$314$177$98$31
44 years$863$515$295$164$89$28
45 years$834$491$277$151$81$24
46 years$807$468$260$140$73$21
47 years$780$447$244$129$66$19
48 years$756$427$230$119$60$16
49 years$732$407$216$110$55$14
50 years$709$389$203$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $726,000, adding $6,401 every year, while hoping to spend $50,868 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: 62/16/22 Blend
56$726,000$726,000$726,000$726,000
57$806,655$768,177$756,924$851,653
58$834,810$751,694$728,157$866,347
59$864,133$732,699$696,723$876,180
60$894,688$711,015$662,476$885,768
61$926,545$686,454$625,269$895,095
62$959,781$658,818$584,943$904,142
63$994,477$627,899$541,337$912,895
64$1,030,721$593,473$494,279$921,337
65$1,068,609$555,307$443,592$929,454
66$1,108,242$513,153$389,087$937,231
67$1,149,733$466,748$330,572$944,658
68$1,193,203$415,815$267,843$951,724
69$1,238,782$360,062$200,688$958,421
70$1,286,611$299,179$128,885$964,743
71$1,336,846$232,839$52,203$970,690
72$1,389,653$160,697$0$976,263
73$1,445,215$82,388$0$988,422
74$1,503,729$0$0$1,013,754
75$1,565,411$0$0$1,040,505
76$1,630,497$0$0$1,084,059
77$1,699,241$0$0$1,130,085
78$1,771,925$0$0$1,178,771
79$1,848,851$0$0$1,230,327
80$1,930,355$0$0$1,284,977
81$2,016,798$0$0$1,342,970
82$2,108,580$0$0$1,404,577
83$2,206,135$0$0$1,470,094
84$2,309,938$0$0$1,539,844
85$2,420,511$0$0$1,614,182
86$2,538,423$0$0$1,693,497
87$2,664,300$0$0$1,778,213
88$2,798,825$0$0$1,868,799
89$2,942,748$0$0$1,965,764
90$3,096,893$0$0$2,069,670
91$3,262,162$0$0$2,181,131
92$3,439,543$0$0$2,300,822
93$3,630,123$0$0$2,429,484
94$3,835,095$0$0$2,567,929
95$4,055,767$0$0$2,717,052
96$4,293,576$0$0$2,877,831
97$4,550,101$0$0$3,051,345
98$4,827,078$0$0$3,238,776
99$5,126,411$0$0$3,441,425
100$5,450,196$0$0$3,660,722