Can I retire at age 57 with 752,000?

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 $752,000?

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$62,099$61,546$61,007$60,480$59,966$58,659
2 years$30,742$30,170$29,615$29,077$28,555$27,245
3 years$20,291$19,716$19,163$18,630$18,116$16,844
4 years$15,067$14,494$13,946$13,422$12,921$11,696
5 years$11,933$11,363$10,822$10,309$9,822$8,649
6 years$9,844$9,279$8,746$8,244$7,772$6,650
7 years$8,353$7,792$7,268$6,778$6,321$5,252
8 years$7,235$6,679$6,164$5,686$5,244$4,227
9 years$6,366$5,816$5,309$4,843$4,416$3,450
10 years$5,671$5,126$4,628$4,175$3,763$2,847
11 years$5,103$4,564$4,075$3,633$3,236$2,369
12 years$4,630$4,096$3,616$3,187$2,804$1,986
13 years$4,230$3,702$3,231$2,814$2,445$1,673
14 years$3,888$3,365$2,903$2,498$2,144$1,416
15 years$3,591$3,074$2,621$2,227$1,887$1,203
16 years$3,332$2,820$2,376$1,994$1,668$1,025
17 years$3,103$2,597$2,162$1,792$1,479$876
18 years$2,900$2,400$1,974$1,615$1,315$750
19 years$2,719$2,224$1,807$1,459$1,172$643
20 years$2,556$2,067$1,658$1,322$1,047$553
21 years$2,409$1,925$1,525$1,199$937$475
22 years$2,275$1,797$1,406$1,091$840$409
23 years$2,153$1,681$1,298$993$754$353
24 years$2,041$1,575$1,201$906$678$305
25 years$1,939$1,478$1,112$827$610$263
26 years$1,844$1,389$1,031$756$549$227
27 years$1,757$1,307$958$692$495$196
28 years$1,676$1,232$890$634$447$170
29 years$1,601$1,162$828$582$403$147
30 years$1,531$1,097$772$534$365$127
31 years$1,465$1,037$719$490$330$110
32 years$1,404$982$671$451$298$95
33 years$1,347$930$627$414$270$83
34 years$1,293$881$586$381$244$71
35 years$1,242$836$547$351$221$62
36 years$1,194$793$512$323$200$54
37 years$1,149$753$479$298$182$47
38 years$1,107$716$449$275$165$40
39 years$1,066$681$421$253$149$35
40 years$1,028$648$394$233$135$30
41 years$992$617$370$215$123$26
42 years$957$587$347$199$112$23
43 years$925$559$325$184$101$20
44 years$893$533$305$169$92$17
45 years$864$509$287$156$83$15
46 years$835$485$269$145$76$13
47 years$808$463$253$134$69$11
48 years$783$442$238$123$62$10
49 years$758$422$224$114$57$8
50 years$734$403$210$105$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $752,000, adding $3,010 every year, while hoping to spend $42,450 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: 50/24/26 Blend
56$752,000$752,000$752,000$752,000
57$831,809$791,953$780,297$867,160
58$871,487$785,592$761,270$885,759
59$913,789$777,497$740,184$901,465
60$958,939$767,537$716,923$917,690
61$1,007,180$755,576$691,369$934,501
62$1,058,781$741,467$663,398$951,976
63$1,114,034$725,057$632,879$970,203
64$1,173,261$706,180$599,677$989,282
65$1,236,816$684,665$563,648$1,009,325
66$1,305,085$660,328$524,645$1,030,461
67$1,378,495$632,975$482,511$1,052,832
68$1,457,512$602,402$437,086$1,076,601
69$1,542,648$568,389$388,198$1,101,950
70$1,634,467$530,709$335,672$1,129,085
71$1,733,588$489,119$279,322$1,158,235
72$1,840,689$443,361$218,954$1,189,659
73$1,956,519$393,165$154,369$1,223,646
74$2,081,897$338,244$85,354$1,260,519
75$2,217,727$278,295$11,690$1,300,642
76$2,365,002$212,997$0$1,344,418
77$2,524,812$142,014$0$1,410,866
78$2,698,358$64,988$0$1,486,592
79$2,886,960$0$0$1,568,981
80$3,092,071$0$0$1,663,609
81$3,315,288$0$0$1,785,338
82$3,558,370$0$0$1,917,972
83$3,823,251$0$0$2,062,577
84$4,112,061$0$0$2,220,324
85$4,427,143$0$0$2,392,504
86$4,771,077$0$0$2,580,535
87$5,146,701$0$0$2,785,982
88$5,557,141$0$0$3,010,564
89$6,005,839$0$0$3,256,177
90$6,496,583$0$0$3,524,906
91$7,033,544$0$0$3,819,048
92$7,621,316$0$0$4,141,133
93$8,264,957$0$0$4,493,945
94$8,970,037$0$0$4,880,553
95$9,742,690$0$0$5,304,334
96$10,589,671$0$0$5,769,008
97$11,518,421$0$0$6,278,673
98$12,537,134$0$0$6,837,843
99$13,654,837$0$0$7,451,488
100$14,881,472$0$0$8,125,085