Can I retire at age 57 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$60,035$59,500$58,978$58,469$57,972$56,319
2 years$29,720$29,167$28,630$28,110$27,606$25,954
3 years$19,617$19,061$18,526$18,010$17,514$15,914
4 years$14,566$14,012$13,482$12,976$12,491$10,956
5 years$11,536$10,985$10,463$9,966$9,496$8,029
6 years$9,517$8,970$8,455$7,970$7,514$6,117
7 years$8,075$7,533$7,026$6,553$6,111$4,784
8 years$6,995$6,457$5,959$5,497$5,069$3,812
9 years$6,155$5,622$5,132$4,682$4,269$3,080
10 years$5,483$4,956$4,475$4,036$3,637$2,515
11 years$4,934$4,412$3,939$3,513$3,128$2,071
12 years$4,476$3,960$3,496$3,081$2,711$1,716
13 years$4,089$3,579$3,124$2,720$2,364$1,429
14 years$3,758$3,253$2,806$2,415$2,072$1,196
15 years$3,472$2,972$2,534$2,153$1,825$1,004
16 years$3,221$2,726$2,297$1,928$1,613$845
17 years$3,000$2,511$2,090$1,732$1,430$713
18 years$2,804$2,320$1,908$1,561$1,271$603
19 years$2,628$2,150$1,747$1,411$1,133$511
20 years$2,471$1,998$1,603$1,278$1,012$433
21 years$2,328$1,861$1,475$1,160$906$368
22 years$2,199$1,737$1,359$1,054$812$313
23 years$2,081$1,625$1,255$960$729$266
24 years$1,973$1,522$1,161$876$655$226
25 years$1,874$1,429$1,075$800$589$193
26 years$1,783$1,343$997$731$531$164
27 years$1,699$1,264$926$669$479$140
28 years$1,620$1,191$861$613$432$119
29 years$1,548$1,123$801$562$390$102
30 years$1,480$1,061$746$516$352$87
31 years$1,417$1,003$695$474$319$74
32 years$1,357$949$649$436$288$63
33 years$1,302$899$606$401$261$54
34 years$1,250$852$566$369$236$46
35 years$1,201$808$529$339$214$39
36 years$1,155$767$495$312$194$34
37 years$1,111$728$463$288$176$29
38 years$1,070$692$434$265$159$25
39 years$1,031$658$407$245$144$21
40 years$994$626$381$226$131$18
41 years$959$596$357$208$119$15
42 years$926$568$335$192$108$13
43 years$894$541$315$177$98$11
44 years$864$516$295$164$89$10
45 years$835$492$277$151$81$8
46 years$808$469$260$140$73$7
47 years$782$448$245$129$66$6
48 years$757$427$230$119$60$5
49 years$733$408$216$110$55$4
50 years$710$390$203$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $727,000, adding $5,525 every year, while hoping to spend $56,640 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: 31/41/28 Blend
56$727,000$727,000$727,000$727,000
57$806,853$768,322$757,054$824,813
58$828,888$745,705$722,150$816,542
59$851,271$720,082$684,179$802,297
60$873,980$691,245$642,979$785,849
61$896,985$658,975$598,378$767,046
62$920,253$623,041$550,199$745,725
63$943,746$583,197$498,257$721,714
64$967,418$539,183$442,359$694,831
65$991,218$490,726$382,301$664,881
66$1,015,087$437,537$317,873$631,659
67$1,038,957$379,308$248,854$594,945
68$1,062,753$315,716$175,013$554,510
69$1,086,388$246,420$96,109$510,105
70$1,109,763$171,058$11,892$461,471
71$1,132,768$89,249$0$408,329
72$1,155,279$591$0$373,682
73$1,177,155$0$0$339,227
74$1,198,240$0$0$344,173
75$1,218,357$0$0$348,993
76$1,237,311$0$0$353,350
77$1,254,879$0$0$357,168
78$1,270,818$0$0$360,360
79$1,284,853$0$0$362,830
80$1,296,678$0$0$364,473
81$1,305,954$0$0$365,169
82$1,312,301$0$0$364,787
83$1,315,301$0$0$363,180
84$1,314,484$0$0$360,187
85$1,309,331$0$0$355,628
86$1,299,268$0$0$349,303
87$1,283,655$0$0$340,990
88$1,261,782$0$0$330,446
89$1,232,865$0$0$317,398
90$1,196,033$0$0$301,547
91$1,150,324$0$0$282,560
92$1,094,669$0$0$260,069
93$1,027,888$0$0$233,668
94$948,675$0$0$202,906
95$855,584$0$0$167,288
96$747,018$0$0$126,262
97$621,209$0$0$79,221
98$476,204$0$0$25,495
99$309,845$0$0$0
100$119,747$0$0$0