Can I retire at age 57 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$61,934$61,383$60,844$60,319$59,806$58,503
2 years$30,661$30,090$29,536$29,000$28,479$27,173
3 years$20,237$19,664$19,112$18,580$18,068$16,800
4 years$15,027$14,455$13,909$13,386$12,886$11,665
5 years$11,901$11,333$10,794$10,282$9,796$8,626
6 years$9,818$9,254$8,723$8,222$7,751$6,633
7 years$8,331$7,772$7,249$6,760$6,304$5,238
8 years$7,216$6,662$6,147$5,671$5,230$4,215
9 years$6,349$5,800$5,295$4,830$4,404$3,441
10 years$5,656$5,113$4,616$4,164$3,753$2,839
11 years$5,090$4,551$4,064$3,624$3,227$2,363
12 years$4,618$4,085$3,607$3,179$2,797$1,980
13 years$4,219$3,692$3,222$2,806$2,439$1,668
14 years$3,877$3,356$2,895$2,491$2,138$1,412
15 years$3,581$3,066$2,614$2,222$1,882$1,200
16 years$3,323$2,813$2,370$1,989$1,664$1,022
17 years$3,095$2,590$2,157$1,787$1,475$873
18 years$2,892$2,394$1,969$1,611$1,312$748
19 years$2,712$2,218$1,802$1,455$1,169$641
20 years$2,549$2,061$1,654$1,318$1,044$551
21 years$2,402$1,920$1,521$1,196$934$474
22 years$2,269$1,792$1,402$1,088$838$408
23 years$2,147$1,676$1,295$991$752$352
24 years$2,036$1,571$1,197$903$676$304
25 years$1,934$1,474$1,109$825$608$262
26 years$1,839$1,385$1,029$754$548$227
27 years$1,752$1,304$955$691$494$196
28 years$1,672$1,228$888$633$446$169
29 years$1,597$1,159$826$580$402$147
30 years$1,527$1,094$770$532$364$127
31 years$1,461$1,035$717$489$329$110
32 years$1,400$979$669$449$297$95
33 years$1,343$927$625$413$269$82
34 years$1,289$879$584$380$244$71
35 years$1,239$833$546$350$221$62
36 years$1,191$791$511$322$200$54
37 years$1,146$751$478$297$181$46
38 years$1,104$714$448$274$164$40
39 years$1,063$679$419$252$149$35
40 years$1,025$646$393$233$135$30
41 years$989$615$369$215$123$26
42 years$955$586$346$198$111$23
43 years$922$558$324$183$101$20
44 years$891$532$305$169$92$17
45 years$861$507$286$156$83$15
46 years$833$484$269$144$76$13
47 years$806$462$252$133$69$11
48 years$780$441$237$123$62$10
49 years$756$421$223$114$57$8
50 years$732$402$210$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $750,000, adding $3,844 every year, while hoping to spend $26,618 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: 79/12/9 Blend
56$750,000$750,000$750,000$750,000
57$830,465$790,715$779,090$894,634
58$886,851$801,139$776,868$947,717
59$948,097$811,181$773,680$1,002,083
60$1,014,669$820,795$769,464$1,060,940
61$1,087,082$829,931$764,159$1,124,723
62$1,165,902$838,536$757,696$1,193,912
63$1,251,752$846,552$750,007$1,269,036
64$1,345,317$853,920$741,018$1,350,676
65$1,447,351$860,573$730,654$1,439,474
66$1,558,685$866,445$718,834$1,536,138
67$1,680,230$871,460$705,475$1,641,444
68$1,812,994$875,542$690,489$1,756,251
69$1,958,084$878,608$673,784$1,881,504
70$2,116,718$880,569$655,265$2,018,244
71$2,290,238$881,332$634,832$2,167,618
72$2,480,121$880,797$612,378$2,330,891
73$2,687,996$878,858$587,795$2,509,455
74$2,915,654$875,404$560,968$2,704,847
75$3,165,067$870,316$531,777$2,918,756
76$3,438,409$863,466$500,097$3,153,049
77$3,738,073$854,722$465,796$3,409,778
78$4,066,694$843,941$428,739$3,691,209
79$4,427,176$830,974$388,780$3,999,837
80$4,822,716$815,659$345,772$4,338,411
81$5,256,836$797,829$299,559$4,709,962
82$5,733,415$777,305$249,976$5,117,830
83$6,256,728$753,898$196,855$5,565,696
84$6,831,482$727,406$140,016$6,057,616
85$7,462,862$697,618$79,276$6,598,063
86$8,156,582$664,309$14,440$7,191,962
87$8,918,935$627,242$0$7,844,745
88$9,756,855$586,166$0$8,567,656
89$10,677,982$540,815$0$9,363,853
90$11,690,729$490,909$0$10,239,240
91$12,804,371$436,150$0$11,201,853
92$14,029,121$376,226$0$12,260,544
93$15,376,235$310,804$0$13,425,070
94$16,858,113$239,536$0$14,706,182
95$18,488,417$162,050$0$16,115,729
96$20,282,203$77,957$0$17,666,767
97$22,256,055$0$0$19,373,684
98$24,428,250$0$0$21,254,073
99$26,818,924$0$0$23,334,947
100$29,450,265$0$0$25,625,328