Can I retire at age 57 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$60,696$60,155$59,627$59,113$58,610$58,070
2 years$30,047$29,488$28,945$28,420$27,909$27,366
3 years$19,833$19,271$18,730$18,209$17,707$17,176
4 years$14,726$14,166$13,630$13,118$12,629$12,115
5 years$11,663$11,106$10,578$10,076$9,600$9,105
6 years$9,622$9,069$8,548$8,058$7,596$7,120
7 years$8,164$7,616$7,104$6,625$6,178$5,720
8 years$7,072$6,528$6,025$5,557$5,125$4,687
9 years$6,222$5,684$5,189$4,734$4,316$3,897
10 years$5,543$5,010$4,524$4,081$3,678$3,277
11 years$4,988$4,460$3,983$3,551$3,163$2,781
12 years$4,525$4,003$3,535$3,115$2,741$2,377
13 years$4,134$3,618$3,158$2,750$2,390$2,044
14 years$3,800$3,289$2,837$2,441$2,095$1,766
15 years$3,510$3,004$2,562$2,177$1,845$1,533
16 years$3,256$2,756$2,323$1,949$1,630$1,335
17 years$3,033$2,538$2,113$1,751$1,446$1,166
18 years$2,835$2,346$1,929$1,578$1,285$1,021
19 years$2,657$2,174$1,766$1,426$1,146$896
20 years$2,498$2,020$1,621$1,292$1,023$787
21 years$2,354$1,882$1,491$1,172$916$693
22 years$2,223$1,756$1,374$1,066$821$612
23 years$2,104$1,643$1,269$971$737$540
24 years$1,995$1,539$1,173$885$662$477
25 years$1,895$1,444$1,087$809$596$422
26 years$1,803$1,358$1,008$739$537$374
27 years$1,717$1,278$936$677$484$331
28 years$1,638$1,204$870$620$437$294
29 years$1,565$1,136$810$569$394$261
30 years$1,496$1,073$754$522$356$231
31 years$1,432$1,014$703$479$322$206
32 years$1,372$959$656$440$291$183
33 years$1,316$909$613$405$264$162
34 years$1,264$861$572$373$239$144
35 years$1,214$817$535$343$216$128
36 years$1,167$775$501$316$196$114
37 years$1,123$736$469$291$178$102
38 years$1,082$700$439$268$161$90
39 years$1,042$665$411$247$146$80
40 years$1,005$633$385$228$132$72
41 years$969$603$361$211$120$64
42 years$936$574$339$194$109$57
43 years$904$547$318$179$99$51
44 years$873$521$298$166$90$45
45 years$844$497$280$153$82$40
46 years$817$474$263$141$74$36
47 years$790$452$247$131$67$32
48 years$765$432$232$121$61$28
49 years$741$412$218$111$55$25
50 years$718$394$205$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $735,000, adding $6,001 every year, while hoping to spend $42,355 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: 34/38/28 Blend
56$735,000$735,000$735,000$735,000
57$816,160$777,205$765,813$836,831
58$854,343$770,223$746,402$845,950
59$895,001$761,479$724,921$851,571
60$938,342$750,842$701,257$856,814
61$984,593$738,173$675,289$861,673
62$1,034,004$723,326$646,894$866,149
63$1,086,848$706,145$615,940$870,243
64$1,143,424$686,463$582,292$873,962
65$1,204,061$664,108$545,807$877,319
66$1,269,119$638,893$506,335$880,333
67$1,338,994$610,624$463,722$883,027
68$1,414,119$579,092$417,805$885,436
69$1,494,972$544,080$368,414$887,602
70$1,582,075$505,356$315,371$889,577
71$1,676,002$462,674$258,492$891,426
72$1,777,386$415,777$197,583$893,225
73$1,886,920$364,390$132,442$895,068
74$2,005,365$308,225$62,859$897,064
75$2,133,560$246,976$0$899,342
76$2,272,427$180,321$0$905,458
77$2,422,976$107,919$0$932,443
78$2,586,323$29,410$0$961,770
79$2,763,691$0$0$993,747
80$2,956,429$0$0$1,051,962
81$3,166,017$0$0$1,128,734
82$3,394,086$0$0$1,212,375
83$3,642,429$0$0$1,303,556
84$3,913,022$0$0$1,403,014
85$4,208,035$0$0$1,511,562
86$4,529,861$0$0$1,630,092
87$4,881,129$0$0$1,759,590
88$5,264,737$0$0$1,901,138
89$5,683,874$0$0$2,055,930
90$6,142,051$0$0$2,225,278
91$6,643,131$0$0$2,410,628
92$7,191,371$0$0$2,613,572
93$7,791,457$0$0$2,835,864
94$8,448,549$0$0$3,079,435
95$9,168,328$0$0$3,346,411
96$9,957,053$0$0$3,639,134
97$10,821,614$0$0$3,960,183
98$11,769,603$0$0$4,312,400
99$12,809,378$0$0$4,698,913
100$13,950,147$0$0$5,123,171