Can I retire at age 57 with 733,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$60,530$59,991$59,465$58,952$58,450$56,670
2 years$29,966$29,407$28,867$28,342$27,834$26,055
3 years$19,779$19,218$18,679$18,159$17,659$15,938
4 years$14,686$14,127$13,593$13,083$12,594$10,945
5 years$11,631$11,076$10,549$10,049$9,574$8,000
6 years$9,596$9,044$8,525$8,036$7,576$6,078
7 years$8,142$7,595$7,084$6,607$6,161$4,740
8 years$7,052$6,511$6,008$5,542$5,111$3,766
9 years$6,205$5,669$5,175$4,721$4,304$3,034
10 years$5,528$4,997$4,512$4,069$3,667$2,469
11 years$4,974$4,448$3,972$3,542$3,154$2,026
12 years$4,513$3,993$3,525$3,106$2,733$1,674
13 years$4,123$3,608$3,149$2,743$2,384$1,389
14 years$3,789$3,280$2,830$2,435$2,089$1,158
15 years$3,500$2,996$2,555$2,171$1,840$969
16 years$3,247$2,749$2,316$1,944$1,626$813
17 years$3,025$2,532$2,108$1,747$1,442$683
18 years$2,827$2,339$1,924$1,574$1,282$576
19 years$2,650$2,168$1,761$1,422$1,143$486
20 years$2,491$2,015$1,617$1,288$1,021$410
21 years$2,348$1,877$1,487$1,169$913$347
22 years$2,217$1,752$1,370$1,063$819$294
23 years$2,098$1,638$1,265$968$735$249
24 years$1,990$1,535$1,170$883$660$211
25 years$1,890$1,441$1,084$806$594$179
26 years$1,798$1,354$1,005$737$535$152
27 years$1,713$1,274$933$675$483$129
28 years$1,634$1,201$868$618$436$110
29 years$1,560$1,133$808$567$393$93
30 years$1,492$1,070$752$520$355$79
31 years$1,428$1,011$701$478$321$67
32 years$1,369$957$654$439$291$57
33 years$1,313$906$611$404$263$49
34 years$1,260$859$571$372$238$41
35 years$1,211$815$534$342$216$35
36 years$1,164$773$499$315$195$30
37 years$1,120$734$467$290$177$25
38 years$1,079$698$438$268$161$22
39 years$1,039$664$410$247$146$18
40 years$1,002$631$384$228$132$16
41 years$967$601$360$210$120$13
42 years$933$572$338$194$109$11
43 years$901$545$317$179$99$10
44 years$871$520$298$165$90$8
45 years$842$496$280$153$81$7
46 years$814$473$263$141$74$6
47 years$788$451$247$130$67$5
48 years$763$431$232$120$61$4
49 years$739$411$218$111$55$4
50 years$716$393$205$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $733,000, adding $5,209 every year, while hoping to spend $30,162 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: 54/25/21 Blend
56$733,000$733,000$733,000$733,000
57$813,139$774,290$762,929$852,123
58$863,987$780,138$756,395$885,283
59$919,011$785,262$748,631$917,761
60$978,604$789,594$739,564$952,469
61$1,043,200$793,063$729,118$989,632
62$1,113,276$795,592$717,213$1,029,494
63$1,189,355$797,101$703,764$1,072,329
64$1,272,013$797,503$688,684$1,118,438
65$1,361,885$796,707$671,882$1,168,154
66$1,459,668$794,616$653,261$1,221,846
67$1,566,129$791,128$632,720$1,279,923
68$1,682,113$786,131$610,155$1,342,834
69$1,808,549$779,512$585,455$1,411,079
70$1,946,459$771,146$558,506$1,485,210
71$2,096,969$760,904$529,187$1,565,835
72$2,261,319$748,647$497,374$1,653,630
73$2,440,871$734,229$462,934$1,749,338
74$2,637,129$717,494$425,731$1,853,784
75$2,851,744$698,280$385,621$1,967,876
76$3,086,537$676,411$342,454$2,092,620
77$3,343,512$651,703$296,075$2,229,127
78$3,624,877$623,963$246,320$2,378,624
79$3,933,061$592,984$193,018$2,542,465
80$4,270,741$558,547$135,992$2,722,148
81$4,640,864$520,424$75,055$2,919,326
82$5,046,676$478,369$10,014$3,135,826
83$5,491,754$432,126$0$3,373,662
84$5,980,035$381,422$0$3,648,372
85$6,515,855$325,969$0$3,952,363
86$7,103,995$265,463$0$4,286,152
87$7,749,715$199,584$0$4,652,786
88$8,458,814$127,991$0$5,055,627
89$9,237,677$50,327$0$5,498,380
90$10,093,341$0$0$5,985,133
91$11,033,555$0$0$6,529,686
92$12,066,858$0$0$7,143,445
93$13,202,656$0$0$7,818,161
94$14,451,313$0$0$8,559,999
95$15,824,245$0$0$9,375,753
96$17,334,031$0$0$10,272,907
97$18,994,530$0$0$11,259,707
98$20,821,012$0$0$12,345,238
99$22,830,299$0$0$13,539,509
100$25,040,929$0$0$14,853,551