Can I retire at age 57 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$60,861$60,319$59,790$59,274$58,769$56,505
2 years$30,129$29,568$29,024$28,497$27,985$25,731
3 years$19,887$19,323$18,781$18,258$17,755$15,581
4 years$14,766$14,204$13,667$13,154$12,663$10,587
5 years$11,695$11,136$10,606$10,104$9,626$7,653
6 years$9,648$9,094$8,572$8,080$7,617$5,748
7 years$8,187$7,637$7,123$6,643$6,195$4,429
8 years$7,091$6,546$6,041$5,573$5,139$3,476
9 years$6,239$5,700$5,203$4,747$4,328$2,764
10 years$5,558$5,024$4,536$4,092$3,688$2,220
11 years$5,001$4,473$3,994$3,561$3,171$1,797
12 years$4,538$4,014$3,544$3,123$2,748$1,464
13 years$4,146$3,628$3,166$2,758$2,397$1,198
14 years$3,810$3,298$2,845$2,448$2,101$984
15 years$3,519$3,012$2,569$2,183$1,850$811
16 years$3,265$2,764$2,329$1,955$1,635$670
17 years$3,041$2,545$2,119$1,756$1,449$555
18 years$2,842$2,352$1,935$1,583$1,289$460
19 years$2,665$2,180$1,771$1,430$1,149$382
20 years$2,505$2,026$1,625$1,295$1,026$318
21 years$2,360$1,887$1,495$1,176$918$264
22 years$2,229$1,761$1,378$1,069$823$220
23 years$2,110$1,647$1,272$973$739$184
24 years$2,001$1,543$1,177$888$664$153
25 years$1,900$1,448$1,090$811$598$128
26 years$1,808$1,361$1,011$741$538$107
27 years$1,722$1,281$939$679$485$89
28 years$1,643$1,207$872$622$438$74
29 years$1,569$1,139$812$570$395$62
30 years$1,500$1,075$756$523$357$52
31 years$1,436$1,017$705$481$323$43
32 years$1,376$962$658$442$292$36
33 years$1,320$911$614$406$264$30
34 years$1,267$863$574$374$239$25
35 years$1,217$819$537$344$217$21
36 years$1,171$777$502$317$196$18
37 years$1,126$738$470$292$178$15
38 years$1,085$702$440$269$161$12
39 years$1,045$667$412$248$146$10
40 years$1,008$635$386$229$133$9
41 years$972$604$362$211$120$7
42 years$938$575$340$195$109$6
43 years$906$548$319$180$99$5
44 years$876$523$299$166$90$4
45 years$847$498$281$153$82$4
46 years$819$475$264$142$74$3
47 years$792$454$248$131$67$2
48 years$767$433$233$121$61$2
49 years$743$414$219$112$56$2
50 years$720$395$206$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $737,000, adding $4,404 every year, while hoping to spend $28,042 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: 36/43/21 Blend
56$737,000$737,000$737,000$737,000
57$816,717$777,656$766,232$840,790
58$870,185$785,924$762,065$867,056
59$928,168$793,658$756,817$892,469
60$991,095$800,802$750,425$919,331
61$1,059,441$807,295$742,818$947,789
62$1,133,727$813,076$733,926$978,003
63$1,214,526$818,075$723,671$1,010,156
64$1,302,469$822,222$711,975$1,044,448
65$1,398,250$825,440$698,755$1,081,102
66$1,502,633$827,648$683,925$1,120,366
67$1,616,458$828,760$667,394$1,162,515
68$1,740,652$828,683$649,066$1,207,853
69$1,876,231$827,322$628,842$1,256,720
70$2,024,317$824,572$606,620$1,309,491
71$2,186,145$820,323$582,289$1,366,582
72$2,363,073$814,460$555,736$1,428,456
73$2,556,596$806,858$526,843$1,495,625
74$2,768,362$797,387$495,486$1,568,657
75$3,000,185$785,909$461,534$1,648,179
76$3,254,061$772,276$424,853$1,734,889
77$3,532,190$756,332$385,300$1,829,559
78$3,836,994$737,913$342,728$1,933,043
79$4,171,140$716,844$296,983$2,046,287
80$4,537,566$692,939$247,902$2,170,337
81$4,939,509$666,004$195,317$2,306,354
82$5,380,532$635,831$139,053$2,455,620
83$5,864,561$602,201$78,926$2,619,553
84$6,395,919$564,883$14,744$2,799,723
85$6,979,372$523,631$0$2,997,866
86$7,620,165$478,186$0$3,227,945
87$8,324,080$428,275$0$3,484,347
88$9,097,483$373,607$0$3,766,161
89$9,947,390$313,878$0$4,076,032
90$10,881,530$248,765$0$4,416,879
91$11,908,417$177,925$0$4,791,926
92$13,037,431$100,998$0$5,204,731
93$14,278,906$17,604$0$5,659,222
94$15,644,229$0$0$6,159,734
95$17,145,944$0$0$6,745,433
96$18,797,874$0$0$7,399,000
97$20,615,246$0$0$8,118,146
98$22,614,840$0$0$8,909,524
99$24,815,143$0$0$9,780,468
100$27,236,524$0$0$10,739,056