Can I retire at age 57 with 735,000?

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 $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%14.5%
1 years$60,696$60,155$59,627$59,113$58,610$57,521
2 years$30,047$29,488$28,945$28,420$27,909$26,816
3 years$19,833$19,271$18,730$18,209$17,707$16,644
4 years$14,726$14,166$13,630$13,118$12,629$11,604
5 years$11,663$11,106$10,578$10,076$9,600$8,616
6 years$9,622$9,069$8,548$8,058$7,596$6,654
7 years$8,164$7,616$7,104$6,625$6,178$5,278
8 years$7,072$6,528$6,025$5,557$5,125$4,268
9 years$6,222$5,684$5,189$4,734$4,316$3,501
10 years$5,543$5,010$4,524$4,081$3,678$2,903
11 years$4,988$4,460$3,983$3,551$3,163$2,428
12 years$4,525$4,003$3,535$3,115$2,741$2,045
13 years$4,134$3,618$3,158$2,750$2,390$1,733
14 years$3,800$3,289$2,837$2,441$2,095$1,474
15 years$3,510$3,004$2,562$2,177$1,845$1,259
16 years$3,256$2,756$2,323$1,949$1,630$1,079
17 years$3,033$2,538$2,113$1,751$1,446$927
18 years$2,835$2,346$1,929$1,578$1,285$799
19 years$2,657$2,174$1,766$1,426$1,146$689
20 years$2,498$2,020$1,621$1,292$1,023$596
21 years$2,354$1,882$1,491$1,172$916$516
22 years$2,223$1,756$1,374$1,066$821$447
23 years$2,104$1,643$1,269$971$737$388
24 years$1,995$1,539$1,173$885$662$337
25 years$1,895$1,444$1,087$809$596$292
26 years$1,803$1,358$1,008$739$537$254
27 years$1,717$1,278$936$677$484$221
28 years$1,638$1,204$870$620$437$193
29 years$1,565$1,136$810$569$394$168
30 years$1,496$1,073$754$522$356$146
31 years$1,432$1,014$703$479$322$127
32 years$1,372$959$656$440$291$111
33 years$1,316$909$613$405$264$97
34 years$1,264$861$572$373$239$84
35 years$1,214$817$535$343$216$74
36 years$1,167$775$501$316$196$64
37 years$1,123$736$469$291$178$56
38 years$1,082$700$439$268$161$49
39 years$1,042$665$411$247$146$43
40 years$1,005$633$385$228$132$37
41 years$969$603$361$211$120$32
42 years$936$574$339$194$109$28
43 years$904$547$318$179$99$25
44 years$873$521$298$166$90$22
45 years$844$497$280$153$82$19
46 years$817$474$263$141$74$16
47 years$790$452$247$131$67$14
48 years$765$432$232$121$61$13
49 years$741$412$218$111$55$11
50 years$718$394$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 $735,000, adding $5,492 every year, while hoping to spend $46,995 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: 63/17/20 Blend
56$735,000$735,000$735,000$735,000
57$815,635$776,680$765,287$862,504
58$848,827$764,735$740,922$882,795
59$883,830$750,630$714,166$899,176
60$920,779$734,208$684,888$915,976
61$959,821$715,307$652,954$933,243
62$1,001,116$693,750$618,221$951,026
63$1,044,840$669,354$580,542$969,384
64$1,091,185$641,924$539,761$988,384
65$1,140,359$611,252$495,717$1,008,101
66$1,192,593$577,120$448,241$1,028,620
67$1,248,135$539,297$397,155$1,050,036
68$1,307,261$497,538$342,276$1,072,460
69$1,370,270$451,586$283,410$1,096,012
70$1,437,490$401,166$220,357$1,120,832
71$1,509,282$345,991$152,906$1,147,074
72$1,586,039$285,755$80,839$1,174,912
73$1,668,193$220,136$3,926$1,204,542
74$1,756,220$148,793$0$1,236,182
75$1,850,638$71,368$0$1,286,757
76$1,952,018$0$0$1,341,842
77$2,060,987$0$0$1,403,302
78$2,178,230$0$0$1,483,832
79$2,304,504$0$0$1,570,603
80$2,440,637$0$0$1,664,191
81$2,587,539$0$0$1,765,227
82$2,746,211$0$0$1,874,403
83$2,917,752$0$0$1,992,483
84$3,103,370$0$0$2,120,305
85$3,304,393$0$0$2,258,789
86$3,522,282$0$0$2,408,947
87$3,758,641$0$0$2,571,895
88$4,015,238$0$0$2,748,856
89$4,294,014$0$0$2,941,178
90$4,597,105$0$0$3,150,343
91$4,926,863$0$0$3,377,981
92$5,285,872$0$0$3,625,887
93$5,676,979$0$0$3,896,034
94$6,103,316$0$0$4,190,597
95$6,568,328$0$0$4,511,966
96$7,075,810$0$0$4,862,773
97$7,629,937$0$0$5,245,916
98$8,235,304$0$0$5,664,584
99$8,896,973$0$0$6,122,290
100$9,620,516$0$0$6,622,899