Can I retire at age 57 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$61,439$60,892$60,358$59,836$59,328$57,729
2 years$30,415$29,849$29,300$28,768$28,251$26,653
3 years$20,075$19,507$18,959$18,432$17,924$16,375
4 years$14,907$14,339$13,797$13,279$12,783$11,296
5 years$11,806$11,242$10,707$10,200$9,718$8,295
6 years$9,740$9,180$8,653$8,157$7,689$6,334
7 years$8,264$7,709$7,191$6,706$6,253$4,965
8 years$7,158$6,608$6,098$5,626$5,188$3,966
9 years$6,298$5,754$5,252$4,792$4,369$3,212
10 years$5,611$5,072$4,579$4,130$3,723$2,629
11 years$5,049$4,515$4,031$3,595$3,202$2,170
12 years$4,581$4,052$3,578$3,153$2,774$1,803
13 years$4,185$3,662$3,197$2,784$2,419$1,506
14 years$3,846$3,329$2,872$2,471$2,121$1,263
15 years$3,553$3,041$2,593$2,204$1,867$1,063
16 years$3,296$2,790$2,351$1,973$1,650$898
17 years$3,070$2,570$2,139$1,773$1,463$760
18 years$2,869$2,374$1,953$1,598$1,301$644
19 years$2,690$2,201$1,788$1,444$1,160$547
20 years$2,529$2,045$1,641$1,308$1,036$466
21 years$2,383$1,905$1,509$1,187$927$397
22 years$2,251$1,778$1,391$1,079$831$338
23 years$2,130$1,663$1,284$983$746$289
24 years$2,020$1,558$1,188$896$670$246
25 years$1,918$1,462$1,100$818$603$211
26 years$1,825$1,374$1,020$748$543$180
27 years$1,738$1,293$947$685$490$154
28 years$1,658$1,219$881$628$442$132
29 years$1,584$1,150$820$576$399$113
30 years$1,514$1,086$763$528$361$97
31 years$1,450$1,026$712$485$326$83
32 years$1,389$971$664$446$295$71
33 years$1,332$920$620$410$267$61
34 years$1,279$872$579$377$242$52
35 years$1,229$827$542$347$219$45
36 years$1,182$785$507$320$198$38
37 years$1,137$745$474$295$180$33
38 years$1,095$708$444$272$163$28
39 years$1,055$674$416$250$148$24
40 years$1,017$641$390$231$134$21
41 years$981$610$366$213$122$18
42 years$947$581$343$197$110$15
43 years$915$553$322$182$100$13
44 years$884$528$302$168$91$11
45 years$855$503$284$155$83$10
46 years$827$480$266$143$75$8
47 years$800$458$250$132$68$7
48 years$774$437$235$122$62$6
49 years$750$418$221$113$56$5
50 years$726$399$208$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $744,000, adding $2,307 every year, while hoping to spend $46,390 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: 30/50/20 Blend
56$744,000$744,000$744,000$744,000
57$822,268$782,836$771,304$841,720
58$856,780$771,836$747,784$845,697
59$893,259$758,743$721,921$845,639
60$931,854$743,404$693,588$844,596
61$972,731$725,659$662,652$842,511
62$1,016,072$705,339$628,973$839,326
63$1,062,073$682,262$592,406$834,980
64$1,110,951$656,239$552,798$829,416
65$1,162,942$627,069$509,990$822,571
66$1,218,304$594,537$463,816$814,386
67$1,277,320$558,418$414,103$804,800
68$1,340,301$518,475$360,670$793,753
69$1,407,585$474,454$303,326$781,186
70$1,479,545$426,089$241,874$767,042
71$1,556,590$373,098$176,108$751,265
72$1,639,166$315,184$105,811$733,802
73$1,727,765$252,031$30,760$714,605
74$1,822,925$183,309$0$693,628
75$1,925,237$108,665$0$681,361
76$2,035,352$27,730$0$674,933
77$2,153,980$0$0$667,802
78$2,281,907$0$0$692,961
79$2,419,990$0$0$736,676
80$2,569,176$0$0$784,001
81$2,730,503$0$0$835,276
82$2,905,112$0$0$890,878
83$3,094,258$0$0$951,219
84$3,299,322$0$0$1,016,753
85$3,521,819$0$0$1,087,979
86$3,763,419$0$0$1,165,448
87$4,025,957$0$0$1,249,763
88$4,311,452$0$0$1,341,589
89$4,622,125$0$0$1,441,659
90$4,960,421$0$0$1,550,777
91$5,329,028$0$0$1,669,830
92$5,730,906$0$0$1,799,795
93$6,169,313$0$0$1,941,745
94$6,647,833$0$0$2,096,862
95$7,170,414$0$0$2,266,449
96$7,741,401$0$0$2,451,938
97$8,365,575$0$0$2,654,908
98$9,048,203$0$0$2,877,096
99$9,795,084$0$0$3,120,416
100$10,612,602$0$0$3,386,976