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%13%
1 years$61,439$60,892$60,358$59,836$59,328$58,586
2 years$30,415$29,849$29,300$28,768$28,251$27,505
3 years$20,075$19,507$18,959$18,432$17,924$17,196
4 years$14,907$14,339$13,797$13,279$12,783$12,080
5 years$11,806$11,242$10,707$10,200$9,718$9,041
6 years$9,740$9,180$8,653$8,157$7,689$7,039
7 years$8,264$7,709$7,191$6,706$6,253$5,631
8 years$7,158$6,608$6,098$5,626$5,188$4,592
9 years$6,298$5,754$5,252$4,792$4,369$3,800
10 years$5,611$5,072$4,579$4,130$3,723$3,181
11 years$5,049$4,515$4,031$3,595$3,202$2,686
12 years$4,581$4,052$3,578$3,153$2,774$2,284
13 years$4,185$3,662$3,197$2,784$2,419$1,954
14 years$3,846$3,329$2,872$2,471$2,121$1,680
15 years$3,553$3,041$2,593$2,204$1,867$1,450
16 years$3,296$2,790$2,351$1,973$1,650$1,255
17 years$3,070$2,570$2,139$1,773$1,463$1,090
18 years$2,869$2,374$1,953$1,598$1,301$949
19 years$2,690$2,201$1,788$1,444$1,160$828
20 years$2,529$2,045$1,641$1,308$1,036$724
21 years$2,383$1,905$1,509$1,187$927$634
22 years$2,251$1,778$1,391$1,079$831$555
23 years$2,130$1,663$1,284$983$746$487
24 years$2,020$1,558$1,188$896$670$428
25 years$1,918$1,462$1,100$818$603$376
26 years$1,825$1,374$1,020$748$543$331
27 years$1,738$1,293$947$685$490$292
28 years$1,658$1,219$881$628$442$257
29 years$1,584$1,150$820$576$399$227
30 years$1,514$1,086$763$528$361$200
31 years$1,450$1,026$712$485$326$176
32 years$1,389$971$664$446$295$156
33 years$1,332$920$620$410$267$137
34 years$1,279$872$579$377$242$121
35 years$1,229$827$542$347$219$107
36 years$1,182$785$507$320$198$95
37 years$1,137$745$474$295$180$84
38 years$1,095$708$444$272$163$74
39 years$1,055$674$416$250$148$65
40 years$1,017$641$390$231$134$58
41 years$981$610$366$213$122$51
42 years$947$581$343$197$110$45
43 years$915$553$322$182$100$40
44 years$884$528$302$168$91$35
45 years$855$503$284$155$83$31
46 years$827$480$266$143$75$28
47 years$800$458$250$132$68$24
48 years$774$437$235$122$62$22
49 years$750$418$221$113$56$19
50 years$726$399$208$104$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $744,000, adding $3,757 every year, while hoping to spend $38,036 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: 41/46/13 Blend
56$744,000$744,000$744,000$744,000
57$823,763$784,331$772,799$854,227
58$867,317$782,294$758,218$874,010
59$914,039$778,881$741,874$891,365
60$964,211$773,987$723,667$909,316
61$1,018,144$767,496$703,493$927,935
62$1,076,180$759,288$681,245$947,303
63$1,138,692$749,234$656,808$967,512
64$1,206,091$737,200$630,064$988,666
65$1,278,830$723,040$600,889$1,010,884
66$1,357,404$706,602$569,152$1,034,299
67$1,442,359$687,726$534,718$1,059,060
68$1,534,294$666,239$497,446$1,085,338
69$1,633,868$641,960$457,186$1,113,322
70$1,741,805$614,699$413,785$1,143,228
71$1,858,903$584,253$367,080$1,175,296
72$1,986,036$550,407$316,903$1,209,795
73$2,124,170$512,934$263,077$1,247,028
74$2,274,363$471,596$205,417$1,287,333
75$2,437,781$426,138$143,733$1,331,090
76$2,615,709$376,293$77,822$1,378,721
77$2,809,557$321,777$7,475$1,430,702
78$3,020,880$262,292$0$1,487,559
79$3,251,388$197,522$0$1,559,259
80$3,502,962$127,133$0$1,638,799
81$3,777,674$50,773$0$1,725,907
82$4,077,805$0$0$1,821,434
83$4,405,867$0$0$1,942,488
84$4,764,622$0$0$2,103,063
85$5,157,116$0$0$2,278,834
86$5,586,699$0$0$2,471,314
87$6,057,061$0$0$2,682,167
88$6,572,266$0$0$2,913,230
89$7,136,790$0$0$3,166,521
90$7,755,561$0$0$3,444,266
91$8,434,007$0$0$3,748,917
92$9,178,108$0$0$4,083,172
93$9,994,448$0$0$4,450,004
94$10,890,279$0$0$4,852,690
95$11,873,592$0$0$5,294,836
96$12,953,187$0$0$5,780,417
97$14,138,758$0$0$6,313,811
98$15,440,984$0$0$6,899,840
99$16,871,629$0$0$7,543,818
100$18,443,654$0$0$8,251,598