Can I retire at age 57 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$60,613$60,073$59,546$59,032$58,530$56,566
2 years$30,006$29,448$28,906$28,381$27,872$25,912
3 years$19,806$19,244$18,704$18,184$17,683$15,790
4 years$14,706$14,147$13,612$13,100$12,612$10,799
5 years$11,647$11,091$10,563$10,062$9,587$7,860
6 years$9,609$9,057$8,537$8,047$7,586$5,946
7 years$8,153$7,606$7,094$6,616$6,169$4,616
8 years$7,062$6,520$6,016$5,550$5,118$3,650
9 years$6,214$5,676$5,182$4,727$4,310$2,926
10 years$5,536$5,004$4,518$4,075$3,672$2,370
11 years$4,981$4,454$3,977$3,546$3,158$1,935
12 years$4,519$3,998$3,530$3,111$2,737$1,589
13 years$4,129$3,613$3,154$2,746$2,387$1,312
14 years$3,794$3,284$2,834$2,438$2,092$1,088
15 years$3,505$3,000$2,558$2,174$1,842$905
16 years$3,252$2,753$2,319$1,947$1,628$755
17 years$3,029$2,535$2,111$1,749$1,444$631
18 years$2,831$2,342$1,927$1,576$1,284$528
19 years$2,654$2,171$1,764$1,424$1,144$443
20 years$2,495$2,017$1,619$1,290$1,022$372
21 years$2,351$1,879$1,489$1,171$914$313
22 years$2,220$1,754$1,372$1,064$820$263
23 years$2,101$1,641$1,267$969$736$222
24 years$1,992$1,537$1,172$884$661$187
25 years$1,892$1,442$1,085$807$595$157
26 years$1,800$1,356$1,007$738$536$133
27 years$1,715$1,276$935$676$483$112
28 years$1,636$1,202$869$619$436$94
29 years$1,563$1,134$809$568$394$80
30 years$1,494$1,071$753$521$356$67
31 years$1,430$1,013$702$479$322$57
32 years$1,370$958$655$440$291$48
33 years$1,314$907$612$404$263$41
34 years$1,262$860$572$372$238$34
35 years$1,212$816$534$343$216$29
36 years$1,166$774$500$316$196$24
37 years$1,122$735$468$291$177$21
38 years$1,080$699$438$268$161$17
39 years$1,041$664$410$247$146$15
40 years$1,003$632$385$228$132$12
41 years$968$602$361$210$120$11
42 years$934$573$338$194$109$9
43 years$903$546$318$179$99$8
44 years$872$521$298$165$90$6
45 years$843$496$280$153$81$5
46 years$815$473$263$141$74$5
47 years$789$452$247$130$67$4
48 years$764$431$232$120$61$3
49 years$740$412$218$111$55$3
50 years$717$393$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $734,000, adding $6,682 every year, while hoping to spend $41,318 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: 46/45/9 Blend
56$734,000$734,000$734,000$734,000
57$815,760$776,858$765,481$850,946
58$855,006$770,963$747,163$870,014
59$896,870$763,393$726,846$885,873
60$941,575$754,024$704,420$902,129
61$989,367$742,722$679,770$918,834
62$1,040,514$729,347$652,773$936,046
63$1,095,310$713,749$623,305$953,832
64$1,154,079$695,769$591,233$972,269
65$1,217,173$675,241$556,418$991,444
66$1,284,983$651,986$518,716$1,011,458
67$1,357,935$625,816$477,976$1,032,423
68$1,436,497$596,534$434,041$1,054,470
69$1,521,184$563,928$386,745$1,077,745
70$1,612,561$527,777$335,918$1,102,414
71$1,711,250$487,846$281,378$1,128,663
72$1,817,932$443,885$222,939$1,156,704
73$1,933,358$395,632$160,405$1,186,775
74$2,058,352$342,810$93,570$1,219,145
75$2,193,822$285,125$22,222$1,254,114
76$2,340,763$222,268$0$1,292,022
77$2,500,272$153,910$0$1,338,424
78$2,673,554$79,706$0$1,391,184
79$2,861,937$0$0$1,448,665
80$3,066,878$0$0$1,511,775
81$3,289,983$0$0$1,623,521
82$3,533,019$0$0$1,745,328
83$3,797,930$0$0$1,878,179
84$4,086,855$0$0$2,023,158
85$4,402,149$0$0$2,181,457
86$4,746,403$0$0$2,354,389
87$5,122,471$0$0$2,543,398
88$5,533,494$0$0$2,750,075
89$5,982,930$0$0$2,976,172
90$6,474,586$0$0$3,223,617
91$7,012,656$0$0$3,494,533
92$7,601,754$0$0$3,791,259
93$8,246,966$0$0$4,116,369
94$8,953,890$0$0$4,472,701
95$9,728,690$0$0$4,863,377
96$10,578,157$0$0$5,291,838
97$11,509,769$0$0$5,761,872
98$12,531,765$0$0$6,277,653
99$13,653,215$0$0$6,843,778
100$14,884,115$0$0$7,465,311