Can I retire at age 57 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$61,604$61,055$60,520$59,997$59,487$58,238
2 years$30,497$29,929$29,379$28,845$28,327$27,075
3 years$20,129$19,559$19,010$18,481$17,972$16,755
4 years$14,947$14,378$13,834$13,315$12,818$11,646
5 years$11,838$11,272$10,736$10,227$9,744$8,621
6 years$9,766$9,205$8,676$8,179$7,710$6,636
7 years$8,286$7,730$7,210$6,724$6,270$5,246
8 years$7,177$6,626$6,115$5,641$5,202$4,227
9 years$6,315$5,769$5,267$4,805$4,381$3,455
10 years$5,626$5,085$4,592$4,142$3,733$2,854
11 years$5,062$4,527$4,042$3,604$3,210$2,379
12 years$4,593$4,063$3,587$3,162$2,782$1,996
13 years$4,196$3,672$3,205$2,791$2,426$1,684
14 years$3,857$3,338$2,880$2,478$2,126$1,427
15 years$3,562$3,049$2,600$2,210$1,872$1,214
16 years$3,305$2,798$2,357$1,979$1,655$1,036
17 years$3,078$2,576$2,145$1,778$1,467$886
18 years$2,877$2,381$1,958$1,602$1,305$760
19 years$2,697$2,206$1,793$1,448$1,163$653
20 years$2,535$2,050$1,645$1,311$1,039$562
21 years$2,389$1,910$1,513$1,190$929$484
22 years$2,257$1,783$1,395$1,082$833$418
23 years$2,136$1,667$1,288$985$748$360
24 years$2,025$1,562$1,191$899$672$312
25 years$1,923$1,466$1,103$821$605$269
26 years$1,830$1,378$1,023$750$545$233
27 years$1,743$1,297$950$687$491$202
28 years$1,663$1,222$883$629$443$175
29 years$1,588$1,153$822$577$400$152
30 years$1,519$1,089$766$530$362$131
31 years$1,454$1,029$714$486$327$114
32 years$1,393$974$666$447$296$99
33 years$1,336$922$622$411$268$86
34 years$1,283$874$581$378$242$74
35 years$1,232$829$543$348$219$65
36 years$1,185$787$508$321$199$56
37 years$1,140$747$476$295$180$49
38 years$1,098$710$445$272$163$42
39 years$1,058$675$417$251$148$37
40 years$1,020$643$391$232$134$32
41 years$984$612$367$214$122$28
42 years$950$582$344$197$111$24
43 years$917$555$323$182$100$21
44 years$886$529$303$168$91$18
45 years$857$504$284$155$83$16
46 years$829$481$267$143$75$14
47 years$802$459$251$132$68$12
48 years$776$438$236$122$62$10
49 years$752$419$222$113$56$9
50 years$728$400$208$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $746,000, adding $2,608 every year, while hoping to spend $30,643 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: 39/45/16 Blend
56$746,000$746,000$746,000$746,000
57$824,782$785,244$773,681$852,905
58$876,306$791,117$766,996$879,087
59$932,058$796,251$759,059$904,228
60$992,438$800,577$749,797$930,760
61$1,057,884$804,022$739,132$958,823
62$1,128,877$806,509$726,983$988,575
63$1,205,950$807,955$713,264$1,020,192
64$1,289,685$808,273$697,886$1,053,867
65$1,380,723$807,369$680,756$1,089,817
66$1,479,772$805,145$661,776$1,128,284
67$1,587,607$801,495$640,844$1,169,533
68$1,705,084$796,309$617,853$1,213,864
69$1,833,142$789,469$592,691$1,261,605
70$1,972,819$780,848$565,242$1,313,124
71$2,125,252$770,315$535,384$1,368,828
72$2,291,696$757,730$502,988$1,429,167
73$2,473,532$742,941$467,921$1,494,644
74$2,672,280$725,793$430,044$1,565,814
75$2,889,614$706,118$389,211$1,643,293
76$3,127,375$683,739$345,271$1,727,765
77$3,387,594$658,468$298,063$1,819,987
78$3,672,503$630,108$247,423$1,920,798
79$3,984,563$598,448$193,177$2,031,128
80$4,326,484$563,267$135,143$2,152,008
81$4,701,248$524,330$73,134$2,284,576
82$5,112,143$481,389$6,951$2,430,097
83$5,562,786$434,183$0$2,589,968
84$6,057,166$382,433$0$2,776,607
85$6,599,672$325,847$0$2,982,829
86$7,195,141$264,116$0$3,209,376
87$7,848,900$196,913$0$3,458,385
88$8,566,818$123,892$0$3,732,214
89$9,355,360$44,688$0$4,033,470
90$10,221,646$0$0$4,365,031
91$11,173,523$0$0$4,750,420
92$12,219,634$0$0$5,198,388
93$13,369,500$0$0$5,690,896
94$14,633,611$0$0$6,232,452
95$16,023,525$0$0$6,828,021
96$17,551,975$0$0$7,483,073
97$19,232,989$0$0$8,203,636
98$21,082,024$0$0$8,996,351
99$23,116,109$0$0$9,868,536
100$25,354,009$0$0$10,828,252