Can I retire at age 57 with 733,000?

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 $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%14.5%
1 years$60,530$59,991$59,465$58,952$58,450$57,364
2 years$29,966$29,407$28,867$28,342$27,834$26,743
3 years$19,779$19,218$18,679$18,159$17,659$16,598
4 years$14,686$14,127$13,593$13,083$12,594$11,572
5 years$11,631$11,076$10,549$10,049$9,574$8,593
6 years$9,596$9,044$8,525$8,036$7,576$6,636
7 years$8,142$7,595$7,084$6,607$6,161$5,264
8 years$7,052$6,511$6,008$5,542$5,111$4,256
9 years$6,205$5,669$5,175$4,721$4,304$3,491
10 years$5,528$4,997$4,512$4,069$3,667$2,895
11 years$4,974$4,448$3,972$3,542$3,154$2,422
12 years$4,513$3,993$3,525$3,106$2,733$2,040
13 years$4,123$3,608$3,149$2,743$2,384$1,728
14 years$3,789$3,280$2,830$2,435$2,089$1,470
15 years$3,500$2,996$2,555$2,171$1,840$1,256
16 years$3,247$2,749$2,316$1,944$1,626$1,076
17 years$3,025$2,532$2,108$1,747$1,442$925
18 years$2,827$2,339$1,924$1,574$1,282$797
19 years$2,650$2,168$1,761$1,422$1,143$687
20 years$2,491$2,015$1,617$1,288$1,021$594
21 years$2,348$1,877$1,487$1,169$913$514
22 years$2,217$1,752$1,370$1,063$819$446
23 years$2,098$1,638$1,265$968$735$387
24 years$1,990$1,535$1,170$883$660$336
25 years$1,890$1,441$1,084$806$594$292
26 years$1,798$1,354$1,005$737$535$254
27 years$1,713$1,274$933$675$483$221
28 years$1,634$1,201$868$618$436$192
29 years$1,560$1,133$808$567$393$167
30 years$1,492$1,070$752$520$355$146
31 years$1,428$1,011$701$478$321$127
32 years$1,369$957$654$439$291$111
33 years$1,313$906$611$404$263$96
34 years$1,260$859$571$372$238$84
35 years$1,211$815$534$342$216$73
36 years$1,164$773$499$315$195$64
37 years$1,120$734$467$290$177$56
38 years$1,079$698$438$268$161$49
39 years$1,039$664$410$247$146$43
40 years$1,002$631$384$228$132$37
41 years$967$601$360$210$120$32
42 years$933$572$338$194$109$28
43 years$901$545$317$179$99$25
44 years$871$520$298$165$90$22
45 years$842$496$280$153$81$19
46 years$814$473$263$141$74$16
47 years$788$451$247$130$67$14
48 years$763$431$232$120$61$13
49 years$739$411$218$111$55$11
50 years$716$393$205$103$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $733,000, adding $4,179 every year, while hoping to spend $38,912 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: 67/15/18 Blend
56$733,000$733,000$733,000$733,000
57$812,077$773,228$761,866$862,634
58$853,506$769,714$745,987$893,452
59$897,858$764,723$728,271$922,224
60$945,388$758,143$708,617$952,735
61$996,378$749,853$686,916$985,156
62$1,051,138$739,726$663,057$1,019,672
63$1,110,008$727,625$636,923$1,056,493
64$1,173,359$713,409$608,390$1,095,847
65$1,241,601$696,926$577,330$1,137,989
66$1,315,183$678,014$543,610$1,183,202
67$1,394,599$656,504$507,088$1,231,796
68$1,480,392$632,216$467,619$1,284,116
69$1,573,157$604,960$425,050$1,340,546
70$1,673,549$574,534$379,219$1,401,506
71$1,782,290$540,724$329,962$1,467,465
72$1,900,170$503,307$277,102$1,538,939
73$2,028,061$462,042$220,459$1,616,500
74$2,166,920$416,679$159,841$1,700,780
75$2,317,800$366,951$95,050$1,792,479
76$2,481,861$312,576$25,879$1,892,368
77$2,660,376$253,259$0$2,001,303
78$2,854,750$188,683$0$2,129,435
79$3,066,524$118,518$0$2,274,503
80$3,297,398$42,414$0$2,432,731
81$3,549,241$0$0$2,605,439
82$3,824,110$0$0$2,800,689
83$4,124,271$0$0$3,021,591
84$4,452,216$0$0$3,262,985
85$4,810,691$0$0$3,526,897
86$5,202,717$0$0$3,815,557
87$5,631,622$0$0$4,131,422
88$6,101,069$0$0$4,477,195
89$6,615,093$0$0$4,855,854
90$7,178,136$0$0$5,270,679
91$7,795,092$0$0$5,725,281
92$8,471,348$0$0$6,223,638
93$9,212,838$0$0$6,770,131
94$10,026,099$0$0$7,369,583
95$10,918,329$0$0$8,027,310
96$11,897,458$0$0$8,749,165
97$12,972,220$0$0$9,541,596
98$14,152,237$0$0$10,411,706
99$15,448,106$0$0$11,367,318
100$16,871,502$0$0$12,417,051