Can I retire at age 57 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$61,109$60,564$60,033$59,515$59,009$57,028
2 years$30,252$29,688$29,142$28,613$28,099$26,124
3 years$19,967$19,402$18,857$18,333$17,827$15,919
4 years$14,826$14,262$13,723$13,208$12,715$10,887
5 years$11,743$11,182$10,650$10,145$9,665$7,924
6 years$9,687$9,131$8,607$8,113$7,648$5,994
7 years$8,220$7,668$7,152$6,670$6,220$4,654
8 years$7,120$6,573$6,066$5,595$5,160$3,680
9 years$6,265$5,723$5,224$4,766$4,345$2,950
10 years$5,581$5,044$4,555$4,108$3,703$2,389
11 years$5,022$4,491$4,010$3,575$3,184$1,950
12 years$4,556$4,031$3,559$3,136$2,759$1,602
13 years$4,163$3,643$3,179$2,769$2,406$1,323
14 years$3,826$3,311$2,857$2,458$2,109$1,097
15 years$3,534$3,025$2,579$2,192$1,857$912
16 years$3,278$2,775$2,338$1,963$1,641$761
17 years$3,054$2,556$2,128$1,763$1,455$636
18 years$2,854$2,362$1,942$1,589$1,294$533
19 years$2,675$2,189$1,778$1,436$1,153$447
20 years$2,515$2,034$1,632$1,301$1,030$375
21 years$2,370$1,894$1,501$1,180$922$315
22 years$2,238$1,768$1,383$1,073$826$265
23 years$2,119$1,654$1,277$977$742$223
24 years$2,009$1,550$1,181$891$667$188
25 years$1,908$1,454$1,094$814$600$159
26 years$1,815$1,367$1,015$744$540$134
27 years$1,729$1,286$942$681$487$113
28 years$1,649$1,212$876$624$440$95
29 years$1,575$1,143$815$572$397$80
30 years$1,506$1,080$759$525$359$68
31 years$1,442$1,021$708$483$324$57
32 years$1,382$966$661$443$293$48
33 years$1,325$915$617$408$266$41
34 years$1,272$867$576$375$240$35
35 years$1,222$822$539$345$218$29
36 years$1,175$780$504$318$197$25
37 years$1,131$741$472$293$179$21
38 years$1,089$704$442$270$162$18
39 years$1,049$670$414$249$147$15
40 years$1,012$637$388$230$133$13
41 years$976$607$364$212$121$11
42 years$942$578$341$196$110$9
43 years$910$551$320$181$100$8
44 years$879$525$301$167$90$6
45 years$850$500$282$154$82$5
46 years$822$477$265$142$75$5
47 years$796$456$249$131$68$4
48 years$770$435$234$121$61$3
49 years$746$415$220$112$56$3
50 years$722$397$207$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $740,000, adding $3,316 every year, while hoping to spend $27,612 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: 69/12/19 Blend
56$740,000$740,000$740,000$740,000
57$818,900$779,680$768,210$871,389
58$873,049$788,506$764,567$915,668
59$931,796$796,838$759,875$960,542
60$995,580$804,624$754,072$1,008,962
61$1,064,886$811,807$747,090$1,061,275
62$1,140,245$818,327$738,858$1,117,864
63$1,222,243$824,118$729,303$1,179,153
64$1,311,524$829,112$718,347$1,245,607
65$1,408,797$833,236$705,909$1,317,741
66$1,514,842$836,412$691,905$1,396,120
67$1,630,518$838,558$676,245$1,481,371
68$1,756,769$839,586$658,838$1,574,182
69$1,894,636$839,402$639,585$1,675,314
70$2,045,263$837,907$618,386$1,785,604
71$2,209,912$834,997$595,134$1,905,979
72$2,389,970$830,559$569,718$2,037,456
73$2,586,966$824,475$542,022$2,181,161
74$2,802,581$816,619$511,925$2,338,334
75$3,038,669$806,858$479,299$2,510,341
76$3,297,270$795,051$444,012$2,698,690
77$3,580,631$781,048$405,926$2,905,044
78$3,891,227$764,690$364,896$3,131,237
79$4,231,783$745,811$320,771$3,379,289
80$4,605,300$724,231$273,392$3,651,431
81$5,015,085$699,763$222,595$3,950,120
82$5,464,780$672,207$168,208$4,278,067
83$5,958,395$641,353$110,051$4,638,259
84$6,500,350$606,978$47,936$5,033,992
85$7,095,511$568,845$0$5,468,899
86$7,749,241$526,706$0$5,950,706
87$8,467,446$480,297$0$6,490,722
88$9,256,632$429,339$0$7,084,130
89$10,123,970$373,537$0$7,736,345
90$11,077,355$312,581$0$8,453,332
91$12,125,489$246,141$0$9,241,665
92$13,277,957$173,871$0$10,108,588
93$14,545,321$95,402$0$11,062,086
94$15,939,215$10,349$0$12,110,958
95$17,472,461$0$0$13,264,898
96$19,159,182$0$0$14,545,382
97$21,014,941$0$0$15,955,744
98$23,056,886$0$0$17,507,654
99$25,303,909$0$0$19,215,479
100$27,776,828$0$0$21,095,046