Can I retire at age 57 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$61,521$60,973$60,439$59,917$59,407$59,058
2 years$30,456$29,889$29,339$28,806$28,289$27,936
3 years$20,102$19,533$18,984$18,456$17,948$17,603
4 years$14,927$14,359$13,816$13,297$12,801$12,466
5 years$11,822$11,257$10,722$10,213$9,731$9,408
6 years$9,753$9,192$8,665$8,168$7,700$7,389
7 years$8,275$7,720$7,200$6,715$6,262$5,963
8 years$7,168$6,617$6,106$5,633$5,195$4,908
9 years$6,307$5,762$5,260$4,798$4,375$4,100
10 years$5,619$5,079$4,585$4,136$3,728$3,464
11 years$5,056$4,521$4,037$3,600$3,206$2,954
12 years$4,587$4,058$3,583$3,157$2,778$2,538
13 years$4,191$3,667$3,201$2,787$2,423$2,194
14 years$3,851$3,333$2,876$2,474$2,124$1,906
15 years$3,558$3,045$2,597$2,207$1,870$1,662
16 years$3,301$2,794$2,354$1,976$1,653$1,456
17 years$3,074$2,573$2,142$1,775$1,465$1,278
18 years$2,873$2,378$1,956$1,600$1,303$1,126
19 years$2,694$2,203$1,790$1,446$1,161$993
20 years$2,532$2,048$1,643$1,309$1,037$879
21 years$2,386$1,907$1,511$1,188$928$778
22 years$2,254$1,780$1,393$1,080$832$690
23 years$2,133$1,665$1,286$984$747$613
24 years$2,022$1,560$1,189$897$671$545
25 years$1,921$1,464$1,102$820$604$486
26 years$1,827$1,376$1,022$749$544$433
27 years$1,741$1,295$949$686$491$386
28 years$1,660$1,220$882$628$443$344
29 years$1,586$1,151$821$576$400$308
30 years$1,516$1,087$764$529$361$275
31 years$1,452$1,028$713$486$327$246
32 years$1,391$972$665$446$295$220
33 years$1,334$921$621$411$267$197
34 years$1,281$873$580$378$242$176
35 years$1,231$828$542$348$219$157
36 years$1,183$786$507$320$199$141
37 years$1,139$746$475$295$180$126
38 years$1,096$709$445$272$163$113
39 years$1,056$674$417$251$148$101
40 years$1,019$642$391$231$134$91
41 years$983$611$366$213$122$81
42 years$948$582$343$197$110$73
43 years$916$554$322$182$100$66
44 years$885$528$303$168$91$59
45 years$856$504$284$155$83$53
46 years$828$481$267$143$75$47
47 years$801$459$251$132$68$42
48 years$775$438$236$122$62$38
49 years$751$418$221$113$56$34
50 years$727$399$208$104$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $745,000, adding $3,646 every year, while hoping to spend $44,416 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: 60/30/10 Blend
56$745,000$745,000$745,000$745,000
57$824,751$785,266$773,718$872,114
58$861,617$776,486$752,380$895,565
59$900,755$765,786$728,837$915,761
60$942,350$753,028$702,971$936,696
61$986,603$738,060$674,654$958,445
62$1,033,737$720,724$643,755$981,090
63$1,083,992$700,854$610,135$1,004,726
64$1,137,636$678,273$573,651$1,029,455
65$1,194,958$652,791$534,152$1,055,397
66$1,256,277$624,212$491,479$1,082,684
67$1,321,943$592,324$445,470$1,111,463
68$1,392,339$556,905$395,951$1,141,901
69$1,467,886$517,722$342,743$1,174,183
70$1,549,044$474,524$285,659$1,208,517
71$1,636,321$427,050$224,503$1,245,135
72$1,730,272$375,022$159,070$1,284,296
73$1,831,508$318,146$89,147$1,326,290
74$1,940,699$256,113$14,511$1,371,440
75$2,058,583$188,595$0$1,420,107
76$2,185,969$115,247$0$1,479,641
77$2,323,747$35,703$0$1,545,644
78$2,472,895$0$0$1,617,093
79$2,634,488$0$0$1,711,214
80$2,809,708$0$0$1,826,102
81$2,999,855$0$0$1,950,829
82$3,206,360$0$0$2,086,341
83$3,430,794$0$0$2,233,675
84$3,674,888$0$0$2,393,975
85$3,940,546$0$0$2,568,498
86$4,229,861$0$0$2,758,628
87$4,545,139$0$0$2,965,888
88$4,888,916$0$0$3,191,954
89$5,263,984$0$0$3,438,670
90$5,673,415$0$0$3,708,067
91$6,120,593$0$0$4,002,380
92$6,609,239$0$0$4,324,070
93$7,143,455$0$0$4,675,845
94$7,727,753$0$0$5,060,690
95$8,367,102$0$0$5,481,887
96$9,066,976$0$0$5,943,055
97$9,833,399$0$0$6,448,175
98$10,673,008$0$0$7,001,633
99$11,593,109$0$0$7,608,261
100$12,601,752$0$0$8,273,377