Can I retire at age 57 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$60,943$60,400$59,871$59,354$58,849$58,454
2 years$30,170$29,608$29,064$28,536$28,023$27,625
3 years$19,914$19,349$18,806$18,283$17,779$17,389
4 years$14,786$14,224$13,686$13,172$12,680$12,302
5 years$11,711$11,152$10,621$10,117$9,639$9,275
6 years$9,661$9,106$8,583$8,091$7,627$7,276
7 years$8,198$7,647$7,133$6,652$6,203$5,866
8 years$7,100$6,555$6,049$5,580$5,146$4,822
9 years$6,248$5,707$5,210$4,753$4,334$4,024
10 years$5,566$5,031$4,542$4,097$3,693$3,396
11 years$5,008$4,479$3,999$3,566$3,176$2,892
12 years$4,544$4,020$3,549$3,128$2,752$2,482
13 years$4,151$3,633$3,171$2,761$2,400$2,142
14 years$3,815$3,302$2,849$2,451$2,104$1,859
15 years$3,524$3,016$2,572$2,186$1,852$1,619
16 years$3,270$2,768$2,332$1,957$1,637$1,416
17 years$3,045$2,549$2,122$1,759$1,451$1,242
18 years$2,846$2,355$1,937$1,585$1,291$1,092
19 years$2,668$2,183$1,773$1,432$1,150$962
20 years$2,508$2,028$1,628$1,297$1,027$850
21 years$2,364$1,889$1,497$1,177$919$752
22 years$2,232$1,764$1,380$1,070$824$666
23 years$2,113$1,649$1,274$975$740$591
24 years$2,003$1,545$1,178$889$665$524
25 years$1,903$1,450$1,091$812$598$466
26 years$1,810$1,363$1,012$742$539$415
27 years$1,724$1,283$940$679$486$369
28 years$1,645$1,209$874$623$438$329
29 years$1,571$1,140$813$571$396$293
30 years$1,502$1,077$757$524$358$262
31 years$1,438$1,018$706$481$323$234
32 years$1,378$963$659$442$293$209
33 years$1,322$912$615$407$265$186
34 years$1,269$865$575$374$240$166
35 years$1,219$820$537$344$217$149
36 years$1,172$778$503$317$197$133
37 years$1,128$739$470$292$178$119
38 years$1,086$703$441$269$162$106
39 years$1,046$668$413$248$147$95
40 years$1,009$636$387$229$133$85
41 years$973$605$363$211$121$76
42 years$940$576$340$195$109$68
43 years$907$549$319$180$99$61
44 years$877$523$300$166$90$55
45 years$848$499$281$154$82$49
46 years$820$476$264$142$74$44
47 years$793$454$248$131$67$39
48 years$768$434$233$121$61$35
49 years$744$414$219$112$56$31
50 years$721$396$206$103$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $738,000, adding $6,064 every year, while hoping to spend $52,594 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: 85/6/9 Blend
56$738,000$738,000$738,000$738,000
57$819,531$780,417$768,978$887,721
58$847,164$762,698$738,779$915,445
59$875,852$742,348$705,806$938,133
60$905,648$719,182$669,910$961,414
61$936,608$693,006$630,936$985,316
62$968,792$663,613$588,721$1,009,864
63$1,002,262$630,783$543,097$1,035,091
64$1,037,088$594,287$493,886$1,061,029
65$1,073,343$553,879$440,904$1,087,714
66$1,111,106$509,301$383,956$1,115,187
67$1,150,462$460,280$322,841$1,143,491
68$1,191,501$406,526$257,349$1,172,674
69$1,234,323$347,735$187,259$1,202,788
70$1,279,034$283,583$112,341$1,233,892
71$1,325,747$213,731$32,357$1,266,049
72$1,374,587$137,817$0$1,299,329
73$1,425,688$55,463$0$1,338,901
74$1,479,194$0$0$1,383,405
75$1,535,262$0$0$1,432,079
76$1,594,063$0$0$1,486,968
77$1,655,781$0$0$1,544,584
78$1,720,616$0$0$1,605,115
79$1,788,787$0$0$1,668,763
80$1,860,531$0$0$1,735,751
81$1,936,105$0$0$1,806,321
82$2,015,790$0$0$1,880,734
83$2,099,892$0$0$1,959,278
84$2,188,746$0$0$2,042,264
85$2,282,714$0$0$2,130,035
86$2,382,195$0$0$2,222,960
87$2,487,622$0$0$2,321,448
88$2,599,469$0$0$2,425,941
89$2,718,256$0$0$2,536,925
90$2,844,548$0$0$2,654,932
91$2,978,966$0$0$2,780,540
92$3,122,190$0$0$2,914,388
93$3,274,963$0$0$3,057,170
94$3,438,099$0$0$3,209,649
95$3,612,492$0$0$3,372,662
96$3,799,120$0$0$3,547,124
97$3,999,055$0$0$3,734,041
98$4,213,475$0$0$3,934,515
99$4,443,671$0$0$4,149,754
100$4,691,061$0$0$4,381,085