Can I retire at age 57 with 743,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$61,356$60,810$60,277$59,756$59,248$56,875
2 years$30,374$29,809$29,260$28,729$28,213$25,852
3 years$20,048$19,480$18,933$18,407$17,900$15,625
4 years$14,886$14,320$13,779$13,261$12,766$10,595
5 years$11,790$11,227$10,693$10,186$9,705$7,643
6 years$9,727$9,168$8,641$8,146$7,679$5,728
7 years$8,253$7,699$7,181$6,697$6,245$4,403
8 years$7,149$6,600$6,090$5,618$5,181$3,447
9 years$6,290$5,746$5,245$4,785$4,363$2,735
10 years$5,603$5,065$4,573$4,125$3,718$2,191
11 years$5,042$4,509$4,026$3,590$3,197$1,769
12 years$4,575$4,047$3,573$3,149$2,771$1,437
13 years$4,179$3,657$3,192$2,780$2,416$1,173
14 years$3,841$3,324$2,868$2,468$2,118$961
15 years$3,548$3,037$2,590$2,201$1,865$790
16 years$3,292$2,786$2,348$1,971$1,648$650
17 years$3,066$2,566$2,136$1,771$1,461$537
18 years$2,865$2,371$1,950$1,596$1,299$444
19 years$2,686$2,198$1,785$1,442$1,158$368
20 years$2,525$2,042$1,639$1,306$1,034$305
21 years$2,380$1,902$1,507$1,185$926$253
22 years$2,248$1,776$1,389$1,078$830$210
23 years$2,127$1,661$1,283$981$745$174
24 years$2,017$1,556$1,186$895$669$145
25 years$1,916$1,460$1,099$817$602$121
26 years$1,822$1,372$1,019$747$543$100
27 years$1,736$1,292$946$684$489$83
28 years$1,656$1,217$880$627$441$69
29 years$1,582$1,148$819$575$399$58
30 years$1,512$1,084$762$527$360$48
31 years$1,448$1,025$711$484$326$40
32 years$1,387$970$663$445$295$33
33 years$1,331$918$619$409$267$28
34 years$1,277$870$579$377$241$23
35 years$1,227$826$541$347$219$19
36 years$1,180$784$506$319$198$16
37 years$1,136$744$474$294$180$13
38 years$1,093$707$444$271$163$11
39 years$1,054$673$416$250$148$9
40 years$1,016$640$389$231$134$8
41 years$980$609$365$213$121$6
42 years$946$580$343$196$110$5
43 years$914$553$321$181$100$4
44 years$883$527$302$167$91$4
45 years$853$502$283$155$82$3
46 years$825$479$266$143$75$3
47 years$799$457$250$132$68$2
48 years$773$437$235$122$62$2
49 years$749$417$221$113$56$2
50 years$725$398$208$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $743,000, adding $6,673 every year, while hoping to spend $51,338 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: 49/30/21 Blend
56$743,000$743,000$743,000$743,000
57$825,669$786,290$774,774$860,950
58$855,264$770,195$746,105$870,054
59$886,157$751,591$714,756$874,201
60$918,427$730,300$680,582$877,636
61$952,157$706,135$643,432$880,313
62$987,439$678,898$603,149$882,186
63$1,024,372$648,378$559,569$883,205
64$1,063,063$614,354$512,519$883,323
65$1,103,628$576,590$461,821$882,488
66$1,146,192$534,837$407,287$880,650
67$1,190,894$488,834$348,720$877,758
68$1,237,880$438,302$285,917$873,759
69$1,287,312$382,947$218,664$868,604
70$1,339,366$322,460$146,738$862,240
71$1,394,233$256,512$69,905$854,617
72$1,452,122$184,758$0$845,686
73$1,513,259$106,832$0$838,110
74$1,577,892$22,348$0$846,025
75$1,646,292$0$0$853,769
76$1,718,753$0$0$884,179
77$1,795,599$0$0$924,290
78$1,877,181$0$0$966,916
79$1,963,884$0$0$1,012,263
80$2,056,132$0$0$1,060,556
81$2,154,384$0$0$1,112,044
82$2,259,147$0$0$1,166,999
83$2,370,973$0$0$1,225,717
84$2,490,470$0$0$1,288,524
85$2,618,302$0$0$1,355,778
86$2,755,197$0$0$1,427,870
87$2,901,955$0$0$1,505,230
88$3,059,453$0$0$1,588,330
89$3,228,653$0$0$1,677,688
90$3,410,611$0$0$1,773,871
91$3,606,487$0$0$1,877,505
92$3,817,554$0$0$1,989,274
93$4,045,211$0$0$2,109,932
94$4,290,994$0$0$2,240,307
95$4,556,592$0$0$2,381,307
96$4,843,861$0$0$2,533,932
97$5,154,839$0$0$2,699,282
98$5,491,770$0$0$2,878,565
99$5,857,118$0$0$3,073,109
100$6,253,595$0$0$3,284,376