Can I retire at age 57 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$61,026$60,482$59,952$59,434$58,929$56,748
2 years$30,211$29,648$29,103$28,574$28,061$25,889
3 years$19,941$19,375$18,832$18,308$17,803$15,707
4 years$14,806$14,243$13,705$13,190$12,697$10,694
5 years$11,727$11,167$10,635$10,131$9,652$7,747
6 years$9,674$9,118$8,595$8,102$7,638$5,831
7 years$8,209$7,658$7,142$6,661$6,211$4,504
8 years$7,110$6,564$6,057$5,588$5,153$3,542
9 years$6,256$5,715$5,217$4,759$4,340$2,824
10 years$5,573$5,038$4,548$4,103$3,698$2,274
11 years$5,015$4,485$4,004$3,571$3,180$1,846
12 years$4,550$4,025$3,554$3,132$2,756$1,507
13 years$4,157$3,638$3,175$2,765$2,403$1,237
14 years$3,820$3,307$2,853$2,454$2,106$1,019
15 years$3,529$3,021$2,576$2,189$1,855$842
16 years$3,274$2,771$2,335$1,960$1,639$698
17 years$3,049$2,552$2,125$1,761$1,453$580
18 years$2,850$2,358$1,940$1,587$1,292$482
19 years$2,672$2,186$1,776$1,434$1,152$402
20 years$2,512$2,031$1,630$1,299$1,029$335
21 years$2,367$1,892$1,499$1,179$921$280
22 years$2,235$1,766$1,382$1,072$825$234
23 years$2,116$1,652$1,276$976$741$195
24 years$2,006$1,548$1,180$890$666$163
25 years$1,905$1,452$1,093$813$599$137
26 years$1,812$1,365$1,013$743$540$114
27 years$1,727$1,285$941$680$487$96
28 years$1,647$1,210$875$623$439$80
29 years$1,573$1,142$814$572$396$67
30 years$1,504$1,078$758$525$358$56
31 years$1,440$1,019$707$482$324$47
32 years$1,380$965$660$443$293$40
33 years$1,323$913$616$407$265$33
34 years$1,270$866$575$375$240$28
35 years$1,221$821$538$345$217$23
36 years$1,174$779$503$318$197$20
37 years$1,129$740$471$293$179$16
38 years$1,088$704$441$270$162$14
39 years$1,048$669$413$249$147$12
40 years$1,010$636$387$229$133$10
41 years$975$606$363$212$121$8
42 years$941$577$341$195$110$7
43 years$909$550$320$180$99$6
44 years$878$524$300$167$90$5
45 years$849$500$282$154$82$4
46 years$821$477$265$142$74$3
47 years$794$455$249$131$68$3
48 years$769$434$234$121$61$2
49 years$745$415$220$112$56$2
50 years$722$396$206$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $739,000, adding $2,264 every year, while hoping to spend $56,155 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: 64/23/13 Blend
56$739,000$739,000$739,000$739,000
57$816,713$777,546$766,092$866,349
58$840,270$755,898$732,007$878,184
59$864,347$731,306$694,899$884,398
60$888,938$703,568$654,606$889,793
61$914,035$672,468$610,961$894,288
62$939,627$637,779$563,788$897,797
63$965,698$599,260$512,905$900,227
64$992,231$556,655$458,118$901,478
65$1,019,203$509,696$399,230$901,442
66$1,046,588$458,097$336,030$900,005
67$1,074,353$401,558$268,301$897,042
68$1,102,463$339,760$195,815$892,420
69$1,130,874$272,368$118,335$885,995
70$1,159,536$199,026$35,611$877,614
71$1,188,390$119,360$0$867,111
72$1,217,371$32,974$0$861,613
73$1,246,402$0$0$859,368
74$1,275,398$0$0$870,589
75$1,304,259$0$0$890,034
76$1,332,876$0$0$909,277
77$1,361,123$0$0$928,230
78$1,388,858$0$0$946,791
79$1,415,923$0$0$964,848
80$1,442,138$0$0$982,273
81$1,467,304$0$0$998,924
82$1,491,196$0$0$1,014,643
83$1,513,562$0$0$1,029,250
84$1,534,124$0$0$1,042,547
85$1,552,567$0$0$1,054,312
86$1,568,544$0$0$1,064,299
87$1,581,665$0$0$1,072,231
88$1,591,498$0$0$1,077,802
89$1,597,561$0$0$1,080,672
90$1,599,321$0$0$1,080,463
91$1,596,183$0$0$1,076,753
92$1,587,487$0$0$1,069,076
93$1,572,501$0$0$1,056,915
94$1,550,415$0$0$1,039,695
95$1,520,327$0$0$1,016,781
96$1,481,241$0$0$987,467
97$1,432,053$0$0$950,973
98$1,371,539$0$0$906,434
99$1,298,344$0$0$852,894
100$1,210,972$0$0$789,294