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%11.2%
1 years$61,109$60,564$60,033$59,515$59,009$58,711
2 years$30,252$29,688$29,142$28,613$28,099$27,799
3 years$19,967$19,402$18,857$18,333$17,827$17,533
4 years$14,826$14,262$13,723$13,208$12,715$12,429
5 years$11,743$11,182$10,650$10,145$9,665$9,390
6 years$9,687$9,131$8,607$8,113$7,648$7,382
7 years$8,220$7,668$7,152$6,670$6,220$5,964
8 years$7,120$6,573$6,066$5,595$5,160$4,915
9 years$6,265$5,723$5,224$4,766$4,345$4,110
10 years$5,581$5,044$4,555$4,108$3,703$3,477
11 years$5,022$4,491$4,010$3,575$3,184$2,969
12 years$4,556$4,031$3,559$3,136$2,759$2,554
13 years$4,163$3,643$3,179$2,769$2,406$2,210
14 years$3,826$3,311$2,857$2,458$2,109$1,922
15 years$3,534$3,025$2,579$2,192$1,857$1,679
16 years$3,278$2,775$2,338$1,963$1,641$1,472
17 years$3,054$2,556$2,128$1,763$1,455$1,295
18 years$2,854$2,362$1,942$1,589$1,294$1,142
19 years$2,675$2,189$1,778$1,436$1,153$1,009
20 years$2,515$2,034$1,632$1,301$1,030$894
21 years$2,370$1,894$1,501$1,180$922$793
22 years$2,238$1,768$1,383$1,073$826$704
23 years$2,119$1,654$1,277$977$742$627
24 years$2,009$1,550$1,181$891$667$558
25 years$1,908$1,454$1,094$814$600$498
26 years$1,815$1,367$1,015$744$540$444
27 years$1,729$1,286$942$681$487$397
28 years$1,649$1,212$876$624$440$355
29 years$1,575$1,143$815$572$397$317
30 years$1,506$1,080$759$525$359$284
31 years$1,442$1,021$708$483$324$254
32 years$1,382$966$661$443$293$228
33 years$1,325$915$617$408$266$204
34 years$1,272$867$576$375$240$183
35 years$1,222$822$539$345$218$164
36 years$1,175$780$504$318$197$147
37 years$1,131$741$472$293$179$132
38 years$1,089$704$442$270$162$118
39 years$1,049$670$414$249$147$106
40 years$1,012$637$388$230$133$96
41 years$976$607$364$212$121$86
42 years$942$578$341$196$110$77
43 years$910$551$320$181$100$69
44 years$879$525$301$167$90$62
45 years$850$500$282$154$82$56
46 years$822$477$265$142$75$50
47 years$796$456$249$131$68$45
48 years$770$435$234$121$61$41
49 years$746$415$220$112$56$36
50 years$722$397$207$104$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $740,000, adding $5,652 every year, while hoping to spend $25,485 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: 69/9/22 Blend
56$740,000$740,000$740,000$740,000
57$821,310$782,090$770,620$873,082
58$877,968$793,297$769,320$919,632
59$939,551$804,198$767,122$967,058
60$1,006,534$814,753$763,970$1,018,343
61$1,079,440$824,916$759,803$1,073,867
62$1,158,846$834,639$754,559$1,134,048
63$1,245,384$843,873$748,172$1,199,348
64$1,339,751$852,561$740,575$1,270,278
65$1,442,715$860,646$731,693$1,347,399
66$1,555,121$868,065$721,453$1,431,329
67$1,677,897$874,754$709,775$1,522,751
68$1,812,066$880,641$696,577$1,622,419
69$1,958,757$885,653$681,772$1,731,162
70$2,119,208$889,708$665,270$1,849,896
71$2,294,786$892,722$646,975$1,979,629
72$2,486,995$894,606$626,790$2,121,474
73$2,697,491$895,264$604,609$2,276,658
74$2,928,097$894,594$580,326$2,446,533
75$3,180,822$892,488$553,826$2,632,591
76$3,457,878$888,832$524,991$2,836,476
77$3,761,700$883,504$493,697$3,060,001
78$4,094,973$876,375$459,815$3,305,165
79$4,460,652$867,309$423,210$3,574,171
80$4,861,991$856,160$383,741$3,869,450
81$5,302,577$842,775$341,259$4,193,678
82$5,786,360$826,991$295,611$4,549,811
83$6,317,690$808,635$246,636$4,941,104
84$6,901,362$787,525$194,166$5,371,145
85$7,542,655$763,468$138,024$5,843,893
86$8,247,387$736,259$78,029$6,363,709
87$9,021,965$705,681$13,988$6,935,402
88$9,873,452$671,505$0$7,564,275
89$10,809,624$633,489$0$8,268,931
90$11,839,051$591,376$0$9,047,387
91$12,971,176$544,895$0$9,903,509
92$14,216,400$493,759$0$10,845,180
93$15,586,186$437,666$0$11,881,086
94$17,093,161$376,295$0$13,020,798
95$18,751,238$309,309$0$14,274,864
96$20,575,749$236,349$0$15,654,906
97$22,583,584$157,039$0$17,173,733
98$24,793,355$70,979$0$18,845,458
99$27,225,569$0$0$20,685,635
100$29,902,823$0$0$22,713,605