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%15.6%
1 years$61,026$60,482$59,952$59,434$58,929$57,574
2 years$30,211$29,648$29,103$28,574$28,061$26,704
3 years$19,941$19,375$18,832$18,308$17,803$16,486
4 years$14,806$14,243$13,705$13,190$12,697$11,430
5 years$11,727$11,167$10,635$10,131$9,652$8,438
6 years$9,674$9,118$8,595$8,102$7,638$6,478
7 years$8,209$7,658$7,142$6,661$6,211$5,107
8 years$7,110$6,564$6,057$5,588$5,153$4,103
9 years$6,256$5,715$5,217$4,759$4,340$3,343
10 years$5,573$5,038$4,548$4,103$3,698$2,754
11 years$5,015$4,485$4,004$3,571$3,180$2,287
12 years$4,550$4,025$3,554$3,132$2,756$1,913
13 years$4,157$3,638$3,175$2,765$2,403$1,609
14 years$3,820$3,307$2,853$2,454$2,106$1,359
15 years$3,529$3,021$2,576$2,189$1,855$1,152
16 years$3,274$2,771$2,335$1,960$1,639$979
17 years$3,049$2,552$2,125$1,761$1,453$835
18 years$2,850$2,358$1,940$1,587$1,292$713
19 years$2,672$2,186$1,776$1,434$1,152$611
20 years$2,512$2,031$1,630$1,299$1,029$523
21 years$2,367$1,892$1,499$1,179$921$449
22 years$2,235$1,766$1,382$1,072$825$386
23 years$2,116$1,652$1,276$976$741$332
24 years$2,006$1,548$1,180$890$666$286
25 years$1,905$1,452$1,093$813$599$246
26 years$1,812$1,365$1,013$743$540$212
27 years$1,727$1,285$941$680$487$183
28 years$1,647$1,210$875$623$439$158
29 years$1,573$1,142$814$572$396$136
30 years$1,504$1,078$758$525$358$118
31 years$1,440$1,019$707$482$324$102
32 years$1,380$965$660$443$293$88
33 years$1,323$913$616$407$265$76
34 years$1,270$866$575$375$240$65
35 years$1,221$821$538$345$217$57
36 years$1,174$779$503$318$197$49
37 years$1,129$740$471$293$179$42
38 years$1,088$704$441$270$162$37
39 years$1,048$669$413$249$147$32
40 years$1,010$636$387$229$133$27
41 years$975$606$363$212$121$24
42 years$941$577$341$195$110$20
43 years$909$550$320$180$99$18
44 years$878$524$300$167$90$15
45 years$849$500$282$154$82$13
46 years$821$477$265$142$74$11
47 years$794$455$249$131$68$10
48 years$769$434$234$121$61$9
49 years$745$415$220$112$56$7
50 years$722$396$206$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $739,000, adding $5,206 every year, while hoping to spend $39,795 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: 47/42/11 Blend
56$739,000$739,000$739,000$739,000
57$819,748$780,581$769,126$855,539
58$861,021$776,488$752,551$876,673
59$905,169$770,860$734,086$895,057
60$952,446$763,582$713,627$914,110
61$1,003,125$754,527$691,063$933,907
62$1,057,510$743,565$666,279$954,533
63$1,115,932$730,555$639,156$976,086
64$1,178,755$715,351$609,566$998,675
65$1,246,380$697,795$577,379$1,022,423
66$1,319,246$677,722$542,456$1,047,468
67$1,397,835$654,956$504,653$1,073,968
68$1,482,676$629,311$463,822$1,102,098
69$1,574,353$600,591$419,803$1,132,054
70$1,673,504$568,588$372,434$1,164,059
71$1,780,834$533,081$321,543$1,198,360
72$1,897,115$493,838$266,951$1,235,235
73$2,023,199$450,614$208,472$1,274,995
74$2,160,018$403,147$145,909$1,317,988
75$2,308,603$351,164$79,060$1,364,602
76$2,470,084$294,375$7,711$1,415,270
77$2,645,705$232,471$0$1,470,478
78$2,836,835$165,130$0$1,538,797
79$3,044,980$92,010$0$1,614,286
80$3,271,797$12,748$0$1,696,736
81$3,519,111$0$0$1,786,926
82$3,788,930$0$0$1,919,472
83$4,083,462$0$0$2,070,668
84$4,405,141$0$0$2,235,883
85$4,756,643$0$0$2,416,500
86$5,140,917$0$0$2,614,045
87$5,561,209$0$0$2,830,199
88$6,021,092$0$0$3,066,810
89$6,524,501$0$0$3,325,916
90$7,075,770$0$0$3,609,758
91$7,679,669$0$0$3,920,807
92$8,341,455$0$0$4,261,784
93$9,066,915$0$0$4,635,682
94$9,862,422$0$0$5,045,804
95$10,734,997$0$0$5,495,782
96$11,692,374$0$0$5,989,620
97$12,743,068$0$0$6,531,727
98$13,896,463$0$0$7,126,961
99$15,162,892$0$0$7,780,672
100$16,553,740$0$0$8,498,755