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%18%
1 years$60,035$59,500$58,978$58,469$57,972$56,094
2 years$29,720$29,167$28,630$28,110$27,606$25,731
3 years$19,617$19,061$18,526$18,010$17,514$15,702
4 years$14,566$14,012$13,482$12,976$12,491$10,755
5 years$11,536$10,985$10,463$9,966$9,496$7,841
6 years$9,517$8,970$8,455$7,970$7,514$5,941
7 years$8,075$7,533$7,026$6,553$6,111$4,620
8 years$6,995$6,457$5,959$5,497$5,069$3,660
9 years$6,155$5,622$5,132$4,682$4,269$2,939
10 years$5,483$4,956$4,475$4,036$3,637$2,385
11 years$4,934$4,412$3,939$3,513$3,128$1,951
12 years$4,476$3,960$3,496$3,081$2,711$1,606
13 years$4,089$3,579$3,124$2,720$2,364$1,329
14 years$3,758$3,253$2,806$2,415$2,072$1,104
15 years$3,472$2,972$2,534$2,153$1,825$920
16 years$3,221$2,726$2,297$1,928$1,613$769
17 years$3,000$2,511$2,090$1,732$1,430$644
18 years$2,804$2,320$1,908$1,561$1,271$541
19 years$2,628$2,150$1,747$1,411$1,133$455
20 years$2,471$1,998$1,603$1,278$1,012$383
21 years$2,328$1,861$1,475$1,160$906$322
22 years$2,199$1,737$1,359$1,054$812$272
23 years$2,081$1,625$1,255$960$729$229
24 years$1,973$1,522$1,161$876$655$194
25 years$1,874$1,429$1,075$800$589$164
26 years$1,783$1,343$997$731$531$138
27 years$1,699$1,264$926$669$479$117
28 years$1,620$1,191$861$613$432$99
29 years$1,548$1,123$801$562$390$84
30 years$1,480$1,061$746$516$352$71
31 years$1,417$1,003$695$474$319$60
32 years$1,357$949$649$436$288$51
33 years$1,302$899$606$401$261$43
34 years$1,250$852$566$369$236$36
35 years$1,201$808$529$339$214$31
36 years$1,155$767$495$312$194$26
37 years$1,111$728$463$288$176$22
38 years$1,070$692$434$265$159$19
39 years$1,031$658$407$245$144$16
40 years$994$626$381$226$131$13
41 years$959$596$357$208$119$11
42 years$926$568$335$192$108$10
43 years$894$541$315$177$98$8
44 years$864$516$295$164$89$7
45 years$835$492$277$151$81$6
46 years$808$469$260$140$73$5
47 years$782$448$245$129$66$4
48 years$757$427$230$119$60$4
49 years$733$408$216$110$55$3
50 years$710$390$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $727,000, adding $3,120 every year, while hoping to spend $26,695 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: 63/11/26 Blend
56$727,000$727,000$727,000$727,000
57$804,372$765,841$754,573$849,323
58$858,015$774,964$751,448$889,256
59$916,235$783,640$747,323$929,638
60$979,470$791,817$742,138$973,162
61$1,048,203$799,443$735,826$1,020,140
62$1,122,965$806,461$728,322$1,070,914
63$1,204,339$812,810$719,553$1,125,865
64$1,292,970$818,425$709,446$1,185,411
65$1,389,562$823,238$697,922$1,250,015
66$1,494,896$827,175$684,901$1,320,186
67$1,609,827$830,158$670,296$1,396,488
68$1,735,298$832,105$654,020$1,479,541
69$1,872,347$832,927$635,979$1,570,032
70$2,022,117$832,530$616,074$1,668,715
71$2,185,865$830,817$594,205$1,776,426
72$2,364,977$827,680$570,264$1,894,086
73$2,560,976$823,008$544,140$2,022,710
74$2,775,543$816,683$515,716$2,163,419
75$3,010,526$808,578$484,870$2,317,450
76$3,267,962$798,561$451,475$2,486,167
77$3,550,093$786,488$415,398$2,671,074
78$3,859,388$772,212$376,500$2,873,832
79$4,198,567$755,572$334,634$3,096,271
80$4,570,627$736,401$289,650$3,340,412
81$4,978,866$714,520$241,389$3,608,482
82$5,426,920$689,742$189,685$3,902,939
83$5,918,793$661,865$134,366$4,226,492
84$6,458,893$630,680$75,251$4,582,131
85$7,052,080$595,964$12,152$4,973,153
86$7,703,705$557,479$0$5,403,192
87$8,419,664$514,976$0$5,891,568
88$9,206,450$468,191$0$6,431,986
89$10,071,221$416,845$0$7,026,005
90$11,021,858$360,643$0$7,679,064
91$12,067,047$299,273$0$8,397,156
92$13,216,355$232,407$0$9,186,884
93$14,480,324$159,695$0$10,055,528
94$15,870,568$80,772$0$11,011,109
95$17,399,886$0$0$12,062,464
96$19,082,374$0$0$13,219,910
97$20,933,570$0$0$14,504,232
98$22,970,588$0$0$15,917,535
99$25,212,288$0$0$17,472,912
100$27,679,452$0$0$19,184,789