Can I retire at age 57 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$60,283$59,746$59,222$58,711$58,211$57,294
2 years$29,843$29,287$28,748$28,226$27,720$26,798
3 years$19,698$19,139$18,602$18,085$17,586$16,689
4 years$14,626$14,070$13,538$13,029$12,543$11,676
5 years$11,584$11,031$10,506$10,008$9,535$8,702
6 years$9,556$9,007$8,490$8,003$7,545$6,746
7 years$8,109$7,564$7,055$6,580$6,136$5,372
8 years$7,024$6,484$5,984$5,520$5,090$4,362
9 years$6,180$5,646$5,154$4,702$4,287$3,592
10 years$5,505$4,976$4,493$4,053$3,652$2,992
11 years$4,954$4,430$3,956$3,527$3,141$2,514
12 years$4,495$3,976$3,510$3,094$2,722$2,127
13 years$4,106$3,593$3,136$2,731$2,374$1,810
14 years$3,774$3,266$2,818$2,425$2,081$1,547
15 years$3,486$2,984$2,544$2,162$1,832$1,328
16 years$3,234$2,738$2,307$1,936$1,619$1,144
17 years$3,012$2,521$2,099$1,740$1,436$988
18 years$2,815$2,330$1,916$1,568$1,277$855
19 years$2,639$2,159$1,754$1,417$1,138$742
20 years$2,481$2,006$1,610$1,283$1,016$644
21 years$2,338$1,869$1,481$1,164$910$561
22 years$2,208$1,745$1,365$1,059$815$489
23 years$2,090$1,632$1,260$964$732$426
24 years$1,982$1,529$1,165$879$658$372
25 years$1,882$1,435$1,079$803$592$325
26 years$1,790$1,348$1,001$734$533$284
27 years$1,706$1,269$930$672$481$249
28 years$1,627$1,196$864$616$434$218
29 years$1,554$1,128$804$565$392$191
30 years$1,486$1,065$749$518$354$167
31 years$1,422$1,007$698$476$320$146
32 years$1,363$953$652$437$289$128
33 years$1,307$902$608$402$262$113
34 years$1,255$855$568$370$237$99
35 years$1,206$811$531$341$215$87
36 years$1,159$770$497$314$195$76
37 years$1,116$731$465$289$176$67
38 years$1,074$695$436$266$160$59
39 years$1,035$661$408$246$145$51
40 years$998$629$383$227$132$45
41 years$963$598$359$209$119$40
42 years$929$570$337$193$108$35
43 years$898$543$316$178$98$31
44 years$867$518$296$164$89$27
45 years$839$494$278$152$81$24
46 years$811$471$261$140$74$21
47 years$785$449$246$130$67$18
48 years$760$429$231$120$61$16
49 years$736$410$217$111$55$14
50 years$713$391$204$102$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $730,000, adding $4,569 every year, while hoping to spend $24,998 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: 60/34/6 Blend
56$730,000$730,000$730,000$730,000
57$809,173$770,483$759,168$856,525
58$865,111$781,639$758,002$899,919
59$925,917$792,504$755,960$943,939
60$992,060$803,037$752,985$991,314
61$1,064,059$813,194$749,019$1,042,368
62$1,142,483$822,930$744,000$1,097,456
63$1,227,957$832,195$737,865$1,156,971
64$1,321,171$840,935$730,546$1,221,346
65$1,422,884$849,094$721,972$1,291,057
66$1,533,930$856,612$712,071$1,366,632
67$1,655,230$863,424$700,764$1,448,649
68$1,787,794$869,463$687,970$1,537,750
69$1,932,737$874,655$673,606$1,634,639
70$2,091,287$878,923$657,582$1,740,094
71$2,264,792$882,185$639,805$1,854,974
72$2,454,742$884,352$620,179$1,980,225
73$2,662,773$885,333$598,602$2,116,890
74$2,890,688$885,027$574,969$2,266,120
75$3,140,476$883,330$549,167$2,429,184
76$3,414,322$880,131$521,081$2,607,482
77$3,714,636$875,311$490,591$2,802,556
78$4,044,071$868,744$457,569$3,016,110
79$4,405,552$860,297$421,882$3,250,020
80$4,802,296$849,830$383,393$3,506,356
81$5,237,851$837,192$341,958$3,787,400
82$5,716,122$822,225$297,424$4,095,670
83$6,241,414$804,761$249,635$4,433,941
84$6,818,466$784,622$198,425$4,805,275
85$7,452,500$761,620$143,624$5,213,047
86$8,149,271$735,555$85,051$5,660,978
87$8,915,116$706,216$22,519$6,153,172
88$9,757,017$673,380$0$6,694,155
89$10,682,668$636,811$0$7,291,748
90$11,700,544$596,259$0$7,950,343
91$12,819,983$551,459$0$8,674,578
92$14,051,273$502,133$0$9,471,156
93$15,405,750$447,984$0$10,347,466
94$16,895,903$388,702$0$11,311,656
95$18,535,493$323,955$0$12,372,706
96$20,339,681$253,397$0$13,540,517
97$22,325,174$176,659$0$14,826,004
98$24,510,378$93,352$0$16,241,200
99$26,915,577$3,067$0$17,799,368
100$29,563,118$0$0$19,515,130