Can I retire at age 57 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$60,118$59,582$59,060$58,550$58,052$56,856
2 years$29,761$29,207$28,670$28,149$27,644$26,445
3 years$19,644$19,087$18,551$18,035$17,538$16,373
4 years$14,586$14,031$13,501$12,993$12,508$11,386
5 years$11,552$11,000$10,477$9,980$9,509$8,433
6 years$9,530$8,983$8,467$7,981$7,524$6,495
7 years$8,087$7,544$7,036$6,562$6,119$5,138
8 years$7,004$6,466$5,967$5,505$5,076$4,142
9 years$6,163$5,630$5,139$4,689$4,275$3,387
10 years$5,490$4,963$4,481$4,042$3,642$2,800
11 years$4,940$4,418$3,945$3,517$3,133$2,335
12 years$4,482$3,965$3,501$3,085$2,715$1,960
13 years$4,095$3,583$3,128$2,724$2,367$1,655
14 years$3,763$3,257$2,810$2,418$2,075$1,404
15 years$3,476$2,976$2,537$2,156$1,827$1,195
16 years$3,225$2,730$2,300$1,931$1,615$1,020
17 years$3,004$2,514$2,093$1,735$1,432$874
18 years$2,808$2,323$1,911$1,563$1,273$750
19 years$2,632$2,153$1,749$1,413$1,135$645
20 years$2,474$2,001$1,606$1,279$1,014$555
21 years$2,332$1,864$1,477$1,161$907$479
22 years$2,202$1,740$1,361$1,056$813$413
23 years$2,084$1,627$1,257$962$730$357
24 years$1,976$1,525$1,162$877$656$309
25 years$1,877$1,431$1,076$801$590$267
26 years$1,785$1,345$998$732$532$231
27 years$1,701$1,265$927$670$479$201
28 years$1,623$1,192$862$614$433$174
29 years$1,550$1,125$802$563$391$151
30 years$1,482$1,062$747$517$353$131
31 years$1,419$1,004$696$475$319$113
32 years$1,359$950$650$436$289$99
33 years$1,304$900$607$401$261$86
34 years$1,252$853$567$369$236$74
35 years$1,202$809$530$340$214$65
36 years$1,156$768$496$313$194$56
37 years$1,113$729$464$288$176$49
38 years$1,071$693$435$266$159$42
39 years$1,032$659$407$245$145$37
40 years$995$627$382$226$131$32
41 years$960$597$358$209$119$28
42 years$927$568$336$192$108$24
43 years$895$542$315$178$98$21
44 years$865$516$296$164$89$18
45 years$836$492$278$151$81$16
46 years$809$470$261$140$73$14
47 years$783$448$245$129$67$12
48 years$758$428$230$119$60$10
49 years$734$409$216$110$55$9
50 years$711$390$203$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $728,000, adding $2,020 every year, while hoping to spend $36,020 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: 72/14/14 Blend
56$728,000$728,000$728,000$728,000
57$804,340$765,756$754,472$859,642
58$848,057$764,953$741,421$895,757
59$895,027$762,903$726,727$930,700
60$945,542$759,508$710,295$968,010
61$999,925$754,662$692,028$1,007,915
62$1,058,531$748,253$671,824$1,050,663
63$1,121,747$740,164$649,576$1,096,530
64$1,190,002$730,269$625,173$1,145,822
65$1,263,765$718,434$598,499$1,198,875
66$1,343,551$704,520$569,431$1,256,059
67$1,429,929$688,377$537,843$1,317,784
68$1,523,521$669,847$503,600$1,384,504
69$1,625,014$648,762$466,564$1,456,717
70$1,735,160$624,947$426,589$1,534,974
71$1,854,790$598,213$383,523$1,619,885
72$1,984,815$568,362$337,208$1,712,120
73$2,126,240$535,185$287,477$1,812,423
74$2,280,167$498,460$234,159$1,921,610
75$2,447,812$457,952$177,071$2,040,586
76$2,630,511$413,415$116,025$2,170,347
77$2,829,736$364,585$50,825$2,311,995
78$3,047,106$311,186$0$2,466,742
79$3,284,403$252,926$0$2,638,733
80$3,543,588$189,496$0$2,834,927
81$3,826,822$120,569$0$3,049,391
82$4,136,482$45,801$0$3,283,960
83$4,475,185$0$0$3,540,658
84$4,845,816$0$0$3,827,133
85$5,251,547$0$0$4,148,498
86$5,695,873$0$0$4,500,468
87$6,182,643$0$0$4,886,097
88$6,716,097$0$0$5,308,747
89$7,300,902$0$0$5,772,123
90$7,942,199$0$0$6,280,301
91$8,645,652$0$0$6,837,776
92$9,417,498$0$0$7,449,496
93$10,264,606$0$0$8,120,909
94$11,194,545$0$0$8,858,022
95$12,215,651$0$0$9,667,446
96$13,337,106$0$0$10,556,468
97$14,569,027$0$0$11,533,113
98$15,922,556$0$0$12,606,222
99$17,409,972$0$0$13,785,535
100$19,044,799$0$0$15,081,782