Can I retire at age 57 with 742,000?

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 $742,000?

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$61,274$60,728$60,195$59,676$59,168$58,771
2 years$30,333$29,769$29,221$28,690$28,175$27,774
3 years$20,021$19,454$18,908$18,382$17,876$17,484
4 years$14,866$14,301$13,760$13,243$12,749$12,369
5 years$11,774$11,212$10,678$10,172$9,692$9,325
6 years$9,713$9,155$8,630$8,135$7,669$7,316
7 years$8,242$7,689$7,171$6,688$6,237$5,897
8 years$7,139$6,591$6,082$5,610$5,174$4,848
9 years$6,281$5,738$5,238$4,779$4,357$4,045
10 years$5,596$5,058$4,567$4,119$3,713$3,414
11 years$5,035$4,503$4,021$3,585$3,193$2,908
12 years$4,569$4,042$3,568$3,145$2,767$2,495
13 years$4,174$3,652$3,188$2,776$2,413$2,154
14 years$3,836$3,320$2,864$2,464$2,115$1,869
15 years$3,543$3,033$2,586$2,198$1,862$1,628
16 years$3,287$2,783$2,345$1,968$1,646$1,423
17 years$3,062$2,563$2,134$1,768$1,459$1,248
18 years$2,862$2,368$1,948$1,593$1,298$1,098
19 years$2,683$2,195$1,783$1,440$1,157$967
20 years$2,522$2,039$1,636$1,304$1,033$854
21 years$2,376$1,900$1,505$1,184$924$756
22 years$2,245$1,773$1,387$1,076$829$669
23 years$2,124$1,658$1,281$980$744$594
24 years$2,014$1,554$1,185$894$669$527
25 years$1,913$1,458$1,097$816$602$469
26 years$1,820$1,370$1,018$746$542$417
27 years$1,734$1,290$945$683$489$371
28 years$1,654$1,215$878$626$441$331
29 years$1,580$1,147$817$574$398$295
30 years$1,510$1,083$761$527$360$263
31 years$1,446$1,024$710$484$325$235
32 years$1,385$969$662$445$294$210
33 years$1,329$917$618$409$266$187
34 years$1,276$869$578$376$241$167
35 years$1,226$825$540$346$218$150
36 years$1,178$783$505$319$198$134
37 years$1,134$743$473$294$179$120
38 years$1,092$706$443$271$163$107
39 years$1,052$672$415$250$147$96
40 years$1,014$639$389$230$134$86
41 years$979$608$365$213$121$77
42 years$945$579$342$196$110$69
43 years$912$552$321$181$100$61
44 years$882$526$301$167$91$55
45 years$852$502$283$154$82$49
46 years$824$479$266$143$75$44
47 years$798$457$250$132$68$39
48 years$772$436$235$122$62$35
49 years$748$416$221$113$56$32
50 years$724$398$207$104$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $742,000, adding $3,836 every year, while hoping to spend $20,782 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: 57/33/10 Blend
56$742,000$742,000$742,000$742,000
57$821,641$782,315$770,814$866,276
58$883,336$798,536$774,524$913,052
59$950,628$814,856$777,662$961,349
60$1,024,065$831,257$780,187$1,013,472
61$1,104,252$847,721$782,055$1,069,791
62$1,191,853$864,227$783,222$1,130,710
63$1,287,602$880,753$783,639$1,196,679
64$1,392,303$897,276$783,257$1,268,189
65$1,506,844$913,769$782,022$1,345,784
66$1,632,204$930,205$779,881$1,430,063
67$1,769,457$946,554$776,776$1,521,685
68$1,919,789$962,783$772,646$1,621,378
69$2,084,506$978,857$767,428$1,729,942
70$2,265,044$994,739$761,055$1,848,260
71$2,462,986$1,010,389$753,458$1,977,307
72$2,680,076$1,025,764$744,564$2,118,153
73$2,918,234$1,040,816$734,297$2,271,983
74$3,179,575$1,055,497$722,577$2,440,099
75$3,466,429$1,069,754$709,321$2,623,937
76$3,781,361$1,083,529$694,440$2,825,081
77$4,127,200$1,096,761$677,843$3,045,276
78$4,507,058$1,109,386$659,435$3,286,446
79$4,924,367$1,121,335$639,115$3,550,711
80$5,382,906$1,132,534$616,778$3,840,409
81$5,886,837$1,142,903$592,315$4,158,117
82$6,440,748$1,152,358$565,611$4,506,674
83$7,049,691$1,160,811$536,546$4,889,212
84$7,719,235$1,168,166$504,995$5,309,181
85$8,455,511$1,174,321$470,828$5,770,387
86$9,265,279$1,179,168$433,906$6,277,021
87$10,155,983$1,182,593$394,087$6,833,708
88$11,135,827$1,184,474$351,223$7,445,541
89$12,213,849$1,184,680$305,156$8,118,137
90$13,400,007$1,183,075$255,725$8,857,688
91$14,705,275$1,179,513$202,758$9,671,017
92$16,141,741$1,173,837$146,079$10,565,647
93$17,722,728$1,165,884$85,502$11,549,870
94$19,462,913$1,155,479$20,833$12,632,824
95$21,378,469$1,142,437$0$13,824,585
96$23,487,218$1,126,562$0$15,141,397
97$25,808,796$1,107,645$0$16,593,066
98$28,364,840$1,085,466$0$18,190,882
99$31,179,192$1,059,793$0$19,949,740
100$34,278,125$1,030,377$0$21,886,057