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%19.7%
1 years$59,952$59,418$58,897$58,389$57,892$55,639
2 years$29,679$29,127$28,591$28,072$27,568$25,325
3 years$19,590$19,035$18,500$17,986$17,490$15,328
4 years$14,546$13,992$13,463$12,958$12,474$10,410
5 years$11,520$10,970$10,448$9,953$9,483$7,521
6 years$9,504$8,958$8,444$7,959$7,503$5,646
7 years$8,064$7,523$7,017$6,544$6,102$4,348
8 years$6,985$6,449$5,951$5,489$5,062$3,410
9 years$6,146$5,615$5,125$4,676$4,263$2,710
10 years$5,475$4,949$4,468$4,031$3,632$2,175
11 years$4,927$4,406$3,934$3,508$3,124$1,760
12 years$4,470$3,954$3,491$3,077$2,707$1,432
13 years$4,084$3,574$3,119$2,716$2,361$1,171
14 years$3,753$3,248$2,803$2,411$2,069$962
15 years$3,467$2,967$2,530$2,150$1,822$792
16 years$3,216$2,723$2,294$1,925$1,610$654
17 years$2,996$2,507$2,088$1,730$1,428$541
18 years$2,800$2,317$1,906$1,559$1,270$448
19 years$2,625$2,147$1,745$1,409$1,132$372
20 years$2,467$1,995$1,601$1,276$1,011$309
21 years$2,325$1,859$1,473$1,158$905$257
22 years$2,196$1,735$1,357$1,053$811$214
23 years$2,078$1,623$1,253$959$728$178
24 years$1,971$1,520$1,159$875$654$148
25 years$1,872$1,427$1,074$799$589$124
26 years$1,781$1,341$996$730$530$103
27 years$1,696$1,262$925$668$478$86
28 years$1,618$1,189$859$612$431$72
29 years$1,545$1,122$800$562$390$60
30 years$1,478$1,059$745$515$352$50
31 years$1,415$1,002$695$473$318$42
32 years$1,356$948$648$435$288$35
33 years$1,300$897$605$400$260$29
34 years$1,248$851$565$368$236$24
35 years$1,199$807$529$339$214$20
36 years$1,153$766$494$312$194$17
37 years$1,110$727$463$288$175$14
38 years$1,068$691$433$265$159$12
39 years$1,029$657$406$244$144$10
40 years$993$625$381$225$131$8
41 years$958$595$357$208$119$7
42 years$924$567$335$192$108$6
43 years$893$540$314$177$98$5
44 years$863$515$295$164$89$4
45 years$834$491$277$151$81$3
46 years$807$468$260$140$73$3
47 years$780$447$244$129$66$2
48 years$756$427$230$119$60$2
49 years$732$407$216$110$55$2
50 years$709$389$203$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $726,000, adding $5,041 every year, while hoping to spend $29,037 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: 34/49/17 Blend
56$726,000$726,000$726,000$726,000
57$805,252$766,774$755,521$828,248
58$856,492$773,451$749,936$852,221
59$911,986$779,481$743,190$874,991
60$972,137$784,804$735,215$898,927
61$1,037,387$789,351$725,937$924,149
62$1,108,225$793,054$715,280$950,790
63$1,185,186$795,836$703,164$978,998
64$1,268,861$797,618$689,506$1,008,939
65$1,359,899$798,315$674,219$1,040,797
66$1,459,013$797,837$657,210$1,074,777
67$1,566,990$796,089$638,384$1,111,108
68$1,684,694$792,968$617,640$1,150,043
69$1,813,076$788,367$594,875$1,191,866
70$1,953,185$782,172$569,978$1,236,892
71$2,106,173$774,261$542,836$1,285,469
72$2,273,309$764,507$513,327$1,337,987
73$2,455,990$752,772$481,328$1,394,877
74$2,655,756$738,912$446,706$1,456,618
75$2,874,299$722,775$409,327$1,523,743
76$3,113,484$704,198$369,047$1,596,841
77$3,375,366$683,010$325,716$1,676,569
78$3,662,205$659,029$279,180$1,763,652
79$3,976,493$632,064$229,275$1,858,897
80$4,320,971$601,911$175,831$1,963,198
81$4,698,660$568,355$118,672$2,077,544
82$5,112,888$531,169$57,612$2,203,032
83$5,567,318$490,112$0$2,340,879
84$6,065,987$444,930$0$2,493,800
85$6,613,341$395,354$0$2,673,157
86$7,214,276$341,101$0$2,870,179
87$7,874,187$281,870$0$3,086,731
88$8,599,017$217,344$0$3,324,877
89$9,395,312$147,190$0$3,586,898
90$10,270,284$71,052$0$3,875,314
91$11,231,878$0$0$4,192,909
92$12,288,845$0$0$4,548,929
93$13,450,830$0$0$4,982,555
94$14,728,456$0$0$5,459,454
95$16,133,428$0$0$5,984,010
96$17,678,640$0$0$6,561,053
97$19,378,302$0$0$7,195,904
98$21,248,067$0$0$7,894,428
99$23,305,183$0$0$8,663,084
100$25,568,654$0$0$9,508,991