Can I retire at age 57 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$62,017$61,464$60,926$60,399$59,886$58,462
2 years$30,701$30,130$29,575$29,038$28,517$27,091
3 years$20,264$19,690$19,137$18,605$18,092$16,708
4 years$15,047$14,474$13,927$13,404$12,904$11,572
5 years$11,917$11,348$10,808$10,295$9,809$8,535
6 years$9,831$9,266$8,734$8,233$7,762$6,545
7 years$8,342$7,782$7,258$6,769$6,312$5,154
8 years$7,226$6,671$6,156$5,678$5,237$4,136
9 years$6,358$5,808$5,302$4,837$4,410$3,366
10 years$5,664$5,119$4,622$4,169$3,758$2,769
11 years$5,096$4,558$4,069$3,629$3,232$2,297
12 years$4,624$4,091$3,611$3,183$2,800$1,919
13 years$4,224$3,697$3,227$2,810$2,442$1,611
14 years$3,882$3,360$2,899$2,494$2,141$1,359
15 years$3,586$3,070$2,618$2,224$1,885$1,150
16 years$3,327$2,816$2,373$1,992$1,666$977
17 years$3,099$2,594$2,159$1,790$1,477$832
18 years$2,896$2,397$1,971$1,613$1,313$709
19 years$2,715$2,221$1,805$1,457$1,171$606
20 years$2,552$2,064$1,656$1,320$1,046$519
21 years$2,405$1,923$1,523$1,198$936$445
22 years$2,272$1,795$1,404$1,089$839$382
23 years$2,150$1,679$1,296$992$753$328
24 years$2,039$1,573$1,199$905$677$282
25 years$1,936$1,476$1,110$826$609$242
26 years$1,842$1,387$1,030$755$548$208
27 years$1,755$1,305$956$691$495$179
28 years$1,674$1,230$889$634$446$154
29 years$1,599$1,160$827$581$403$133
30 years$1,529$1,096$771$533$364$115
31 years$1,463$1,036$718$490$329$99
32 years$1,402$980$670$450$298$85
33 years$1,345$928$626$414$269$74
34 years$1,291$880$585$381$244$63
35 years$1,240$835$547$351$221$55
36 years$1,193$792$511$323$200$47
37 years$1,148$752$479$297$181$41
38 years$1,105$715$448$274$165$35
39 years$1,065$680$420$253$149$30
40 years$1,027$647$394$233$135$26
41 years$991$616$369$215$123$23
42 years$956$586$346$199$111$20
43 years$923$559$325$183$101$17
44 years$892$533$305$169$92$15
45 years$863$508$286$156$83$13
46 years$834$484$269$144$76$11
47 years$807$462$253$133$69$9
48 years$782$441$237$123$62$8
49 years$757$421$223$114$57$7
50 years$733$403$210$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $751,000, adding $2,846 every year, while hoping to spend $48,687 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: 69/16/15 Blend
56$751,000$751,000$751,000$751,000
57$830,538$790,735$779,094$884,776
58$863,450$777,678$753,391$908,182
59$898,087$762,350$725,195$927,712
60$934,575$744,587$694,372$947,837
61$973,048$724,219$660,780$968,609
62$1,013,654$701,061$624,271$990,088
63$1,056,555$674,921$584,692$1,012,339
64$1,101,926$645,594$541,882$1,035,438
65$1,149,959$612,865$495,672$1,059,469
66$1,200,865$576,505$445,887$1,084,524
67$1,254,871$536,272$392,342$1,110,710
68$1,312,229$491,911$334,847$1,138,145
69$1,373,212$443,151$273,200$1,166,960
70$1,438,121$389,706$207,193$1,197,303
71$1,507,282$331,275$136,607$1,229,340
72$1,581,056$267,538$61,215$1,263,254
73$1,659,836$198,160$0$1,299,252
74$1,744,053$122,783$0$1,340,644
75$1,834,180$41,033$0$1,395,261
76$1,930,736$0$0$1,453,624
77$2,034,288$0$0$1,524,456
78$2,145,461$0$0$1,608,284
79$2,264,939$0$0$1,698,406
80$2,393,475$0$0$1,795,392
81$2,531,893$0$0$1,899,869
82$2,681,099$0$0$2,012,524
83$2,842,089$0$0$2,134,115
84$3,015,957$0$0$2,265,472
85$3,203,905$0$0$2,407,508
86$3,407,254$0$0$2,561,227
87$3,627,455$0$0$2,727,732
88$3,866,106$0$0$2,908,236
89$4,124,962$0$0$3,104,073
90$4,405,953$0$0$3,316,711
91$4,711,203$0$0$3,547,762
92$5,043,048$0$0$3,799,002
93$5,404,057$0$0$4,072,383
94$5,797,057$0$0$4,370,055
95$6,225,159$0$0$4,694,381
96$6,691,787$0$0$5,047,964
97$7,200,709$0$0$5,433,667
98$7,756,071$0$0$5,854,643
99$8,362,438$0$0$6,314,360
100$9,024,835$0$0$6,816,639