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%19.3%
1 years$60,035$59,500$58,978$58,469$57,972$55,804
2 years$29,720$29,167$28,630$28,110$27,606$25,447
3 years$19,617$19,061$18,526$18,010$17,514$15,432
4 years$14,566$14,012$13,482$12,976$12,491$10,501
5 years$11,536$10,985$10,463$9,966$9,496$7,603
6 years$9,517$8,970$8,455$7,970$7,514$5,720
7 years$8,075$7,533$7,026$6,553$6,111$4,415
8 years$6,995$6,457$5,959$5,497$5,069$3,471
9 years$6,155$5,622$5,132$4,682$4,269$2,765
10 years$5,483$4,956$4,475$4,036$3,637$2,225
11 years$4,934$4,412$3,939$3,513$3,128$1,805
12 years$4,476$3,960$3,496$3,081$2,711$1,473
13 years$4,089$3,579$3,124$2,720$2,364$1,208
14 years$3,758$3,253$2,806$2,415$2,072$995
15 years$3,472$2,972$2,534$2,153$1,825$821
16 years$3,221$2,726$2,297$1,928$1,613$680
17 years$3,000$2,511$2,090$1,732$1,430$564
18 years$2,804$2,320$1,908$1,561$1,271$469
19 years$2,628$2,150$1,747$1,411$1,133$390
20 years$2,471$1,998$1,603$1,278$1,012$325
21 years$2,328$1,861$1,475$1,160$906$271
22 years$2,199$1,737$1,359$1,054$812$227
23 years$2,081$1,625$1,255$960$729$189
24 years$1,973$1,522$1,161$876$655$158
25 years$1,874$1,429$1,075$800$589$132
26 years$1,783$1,343$997$731$531$111
27 years$1,699$1,264$926$669$479$93
28 years$1,620$1,191$861$613$432$78
29 years$1,548$1,123$801$562$390$65
30 years$1,480$1,061$746$516$352$54
31 years$1,417$1,003$695$474$319$46
32 years$1,357$949$649$436$288$38
33 years$1,302$899$606$401$261$32
34 years$1,250$852$566$369$236$27
35 years$1,201$808$529$339$214$22
36 years$1,155$767$495$312$194$19
37 years$1,111$728$463$288$176$16
38 years$1,070$692$434$265$159$13
39 years$1,031$658$407$245$144$11
40 years$994$626$381$226$131$9
41 years$959$596$357$208$119$8
42 years$926$568$335$192$108$7
43 years$894$541$315$177$98$5
44 years$864$516$295$164$89$5
45 years$835$492$277$151$81$4
46 years$808$469$260$140$73$3
47 years$782$448$245$129$66$3
48 years$757$427$230$119$60$2
49 years$733$408$216$110$55$2
50 years$710$390$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 $727,000, adding $6,984 every year, while hoping to spend $37,596 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: 59/13/28 Blend
56$727,000$727,000$727,000$727,000
57$808,358$769,827$758,558$849,524
58$850,809$767,547$743,968$876,176
59$896,329$763,895$727,629$900,642
60$945,193$758,764$709,443$926,549
61$997,700$752,041$689,307$954,046
62$1,054,181$743,606$667,114$983,301
63$1,114,995$733,330$642,750$1,014,498
64$1,180,542$721,080$616,099$1,047,844
65$1,251,256$706,712$587,038$1,083,567
66$1,327,618$690,075$555,437$1,121,921
67$1,410,153$671,007$521,163$1,163,188
68$1,499,442$649,339$484,074$1,207,680
69$1,596,119$624,891$444,025$1,255,745
70$1,700,885$597,473$400,862$1,307,768
71$1,814,510$566,883$354,425$1,364,173
72$1,937,838$532,909$304,547$1,425,435
73$2,071,801$495,325$251,052$1,492,077
74$2,217,421$453,892$193,759$1,564,679
75$2,375,825$408,360$132,477$1,643,884
76$2,548,251$358,461$67,007$1,730,404
77$2,736,063$303,916$0$1,825,026
78$2,940,759$244,426$0$1,929,479
79$3,163,992$179,679$0$2,065,291
80$3,407,578$109,342$0$2,213,558
81$3,673,517$33,065$0$2,375,532
82$3,964,010$0$0$2,552,593
83$4,281,481$0$0$2,753,349
84$4,628,598$0$0$2,978,080
85$5,008,298$0$0$3,223,966
86$5,423,817$0$0$3,493,110
87$5,878,716$0$0$3,787,826
88$6,376,917$0$0$4,110,663
89$6,922,740$0$0$4,464,428
90$7,520,941$0$0$4,852,213
91$8,176,759$0$0$5,277,424
92$8,895,964$0$0$5,743,810
93$9,684,911$0$0$6,255,502
94$10,550,600$0$0$6,817,051
95$11,500,741$0$0$7,433,467
96$12,543,826$0$0$8,110,271
97$13,689,211$0$0$8,853,546
98$14,947,202$0$0$9,669,989
99$16,329,151$0$0$10,566,980
100$17,847,565$0$0$11,552,651