Can I retire at age 57 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$61,852$61,301$60,763$60,239$59,726$59,103
2 years$30,620$30,049$29,497$28,961$28,441$27,813
3 years$20,210$19,638$19,086$18,556$18,044$17,431
4 years$15,007$14,436$13,890$13,368$12,869$12,276
5 years$11,885$11,318$10,779$10,268$9,783$9,211
6 years$9,805$9,242$8,711$8,211$7,741$7,192
7 years$8,320$7,761$7,239$6,751$6,295$5,769
8 years$7,206$6,653$6,139$5,663$5,223$4,718
9 years$6,341$5,792$5,288$4,824$4,398$3,916
10 years$5,649$5,106$4,610$4,158$3,748$3,287
11 years$5,083$4,545$4,059$3,619$3,223$2,784
12 years$4,612$4,080$3,602$3,174$2,793$2,376
13 years$4,213$3,687$3,218$2,802$2,436$2,039
14 years$3,872$3,351$2,891$2,488$2,135$1,758
15 years$3,577$3,061$2,611$2,219$1,880$1,523
16 years$3,318$2,809$2,367$1,986$1,661$1,323
17 years$3,091$2,587$2,154$1,785$1,473$1,153
18 years$2,889$2,390$1,966$1,608$1,310$1,008
19 years$2,708$2,215$1,800$1,453$1,167$882
20 years$2,546$2,059$1,652$1,316$1,043$774
21 years$2,399$1,917$1,519$1,195$933$680
22 years$2,266$1,790$1,400$1,086$836$598
23 years$2,144$1,674$1,293$989$751$527
24 years$2,033$1,568$1,196$902$675$465
25 years$1,931$1,472$1,108$824$607$410
26 years$1,837$1,383$1,027$753$547$363
27 years$1,750$1,302$954$690$493$321
28 years$1,669$1,227$887$632$445$284
29 years$1,594$1,157$825$579$402$251
30 years$1,525$1,093$769$532$363$222
31 years$1,459$1,033$717$488$328$197
32 years$1,399$978$669$449$297$174
33 years$1,341$926$624$413$269$155
34 years$1,288$878$583$380$243$137
35 years$1,237$832$545$350$220$122
36 years$1,190$790$510$322$200$108
37 years$1,145$750$477$297$181$96
38 years$1,102$713$447$273$164$85
39 years$1,062$678$419$252$149$76
40 years$1,024$645$393$233$135$67
41 years$988$614$368$215$122$60
42 years$954$585$345$198$111$53
43 years$921$557$324$183$101$47
44 years$890$531$304$169$92$42
45 years$860$506$286$156$83$37
46 years$832$483$268$144$75$33
47 years$805$461$252$133$68$29
48 years$779$440$237$123$62$26
49 years$755$420$223$114$56$23
50 years$731$402$209$105$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $749,000, adding $6,595 every year, while hoping to spend $56,217 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: 36/40/24 Blend
56$749,000$749,000$749,000$749,000
57$832,201$792,504$780,894$855,940
58$857,271$771,522$747,240$853,022
59$883,014$747,628$710,574$844,236
60$909,439$720,620$670,736$833,630
61$936,555$690,283$627,559$821,078
62$964,369$656,392$580,867$806,443
63$992,887$618,708$530,478$789,583
64$1,022,113$576,977$476,201$770,346
65$1,052,051$530,931$417,837$748,572
66$1,082,702$480,288$355,176$724,090
67$1,114,065$424,749$288,001$696,721
68$1,146,135$363,998$216,085$666,275
69$1,178,908$297,700$139,191$632,551
70$1,212,373$225,504$57,070$595,335
71$1,246,518$147,037$0$554,403
72$1,281,326$61,905$0$517,342
73$1,316,776$0$0$492,179
74$1,352,841$0$0$477,429
75$1,389,490$0$0$490,102
76$1,426,685$0$0$502,932
77$1,464,382$0$0$515,901
78$1,502,527$0$0$528,984
79$1,541,059$0$0$542,157
80$1,579,908$0$0$555,389
81$1,618,991$0$0$568,646
82$1,658,216$0$0$581,887
83$1,697,476$0$0$595,069
84$1,736,649$0$0$608,142
85$1,775,597$0$0$621,048
86$1,814,165$0$0$633,723
87$1,852,178$0$0$646,094
88$1,889,436$0$0$658,081
89$1,925,716$0$0$669,592
90$1,960,770$0$0$680,526
91$1,994,316$0$0$690,767
92$2,026,040$0$0$700,190
93$2,055,592$0$0$708,651
94$2,082,579$0$0$715,992
95$2,106,564$0$0$722,035
96$2,127,060$0$0$726,586
97$2,143,524$0$0$729,424
98$2,155,352$0$0$730,306
99$2,161,871$0$0$728,962
100$2,162,336$0$0$725,092