Can I retire at age 57 with 745,000?

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 $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%15.7%
1 years$61,521$60,973$60,439$59,917$59,407$58,018
2 years$30,456$29,889$29,339$28,806$28,289$26,898
3 years$20,102$19,533$18,984$18,456$17,948$16,597
4 years$14,927$14,359$13,816$13,297$12,801$11,501
5 years$11,822$11,257$10,722$10,213$9,731$8,487
6 years$9,753$9,192$8,665$8,168$7,700$6,512
7 years$8,275$7,720$7,200$6,715$6,262$5,130
8 years$7,168$6,617$6,106$5,633$5,195$4,119
9 years$6,307$5,762$5,260$4,798$4,375$3,355
10 years$5,619$5,079$4,585$4,136$3,728$2,761
11 years$5,056$4,521$4,037$3,600$3,206$2,292
12 years$4,587$4,058$3,583$3,157$2,778$1,916
13 years$4,191$3,667$3,201$2,787$2,423$1,610
14 years$3,851$3,333$2,876$2,474$2,124$1,359
15 years$3,558$3,045$2,597$2,207$1,870$1,151
16 years$3,301$2,794$2,354$1,976$1,653$978
17 years$3,074$2,573$2,142$1,775$1,465$833
18 years$2,873$2,378$1,956$1,600$1,303$711
19 years$2,694$2,203$1,790$1,446$1,161$608
20 years$2,532$2,048$1,643$1,309$1,037$521
21 years$2,386$1,907$1,511$1,188$928$447
22 years$2,254$1,780$1,393$1,080$832$384
23 years$2,133$1,665$1,286$984$747$330
24 years$2,022$1,560$1,189$897$671$284
25 years$1,921$1,464$1,102$820$604$244
26 years$1,827$1,376$1,022$749$544$210
27 years$1,741$1,295$949$686$491$181
28 years$1,660$1,220$882$628$443$156
29 years$1,586$1,151$821$576$400$135
30 years$1,516$1,087$764$529$361$116
31 years$1,452$1,028$713$486$327$100
32 years$1,391$972$665$446$295$86
33 years$1,334$921$621$411$267$75
34 years$1,281$873$580$378$242$64
35 years$1,231$828$542$348$219$56
36 years$1,183$786$507$320$199$48
37 years$1,139$746$475$295$180$42
38 years$1,096$709$445$272$163$36
39 years$1,056$674$417$251$148$31
40 years$1,019$642$391$231$134$27
41 years$983$611$366$213$122$23
42 years$948$582$343$197$110$20
43 years$916$554$322$182$100$17
44 years$885$528$303$168$91$15
45 years$856$504$284$155$83$13
46 years$828$481$267$143$75$11
47 years$801$459$251$132$68$10
48 years$775$438$236$122$62$8
49 years$751$418$221$113$56$7
50 years$727$399$208$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $745,000, adding $3,841 every year, while hoping to spend $49,580 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: 37/34/29 Blend
56$745,000$745,000$745,000$745,000
57$824,952$785,467$773,919$848,212
58$856,344$771,202$747,093$851,520
59$889,277$754,577$717,706$850,317
60$923,855$735,422$685,621$848,078
61$960,191$713,561$650,693$844,742
62$998,411$688,806$612,771$840,247
63$1,038,647$660,956$571,697$834,530
64$1,081,047$629,801$527,307$827,527
65$1,125,770$595,117$479,428$819,170
66$1,172,991$556,670$427,881$809,394
67$1,222,898$514,209$372,477$798,131
68$1,275,699$467,471$313,021$785,311
69$1,331,620$416,176$249,306$770,866
70$1,390,908$360,031$181,120$754,729
71$1,453,832$298,724$108,239$736,831
72$1,520,687$231,926$30,429$717,105
73$1,591,796$159,290$0$695,486
74$1,667,512$80,448$0$688,190
75$1,748,223$0$0$689,985
76$1,834,350$0$0$693,336
77$1,926,358$0$0$729,132
78$2,024,755$0$0$767,478
79$2,130,099$0$0$808,601
80$2,243,001$0$0$852,748
81$2,364,131$0$0$900,191
82$2,494,226$0$0$951,227
83$2,634,092$0$0$1,006,184
84$2,784,616$0$0$1,065,422
85$2,946,772$0$0$1,129,335
86$3,121,629$0$0$1,198,358
87$3,310,361$0$0$1,272,966
88$3,514,259$0$0$1,353,684
89$3,734,742$0$0$1,441,088
90$3,973,367$0$0$1,535,811
91$4,231,850$0$0$1,638,550
92$4,512,073$0$0$1,750,069
93$4,816,109$0$0$1,871,212
94$5,146,236$0$0$2,002,904
95$5,504,962$0$0$2,146,165
96$5,895,042$0$0$2,302,116
97$6,319,511$0$0$2,471,991
98$6,781,706$0$0$2,657,147
99$7,285,299$0$0$2,859,079
100$7,834,332$0$0$3,079,432