Can I retire at age 57 with 752,000?

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 $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%16.6%
1 years$62,099$61,546$61,007$60,480$59,966$58,350
2 years$30,742$30,170$29,615$29,077$28,555$26,939
3 years$20,291$19,716$19,163$18,630$18,116$16,551
4 years$15,067$14,494$13,946$13,422$12,921$11,417
5 years$11,933$11,363$10,822$10,309$9,822$8,385
6 years$9,844$9,279$8,746$8,244$7,772$6,402
7 years$8,353$7,792$7,268$6,778$6,321$5,018
8 years$7,235$6,679$6,164$5,686$5,244$4,008
9 years$6,366$5,816$5,309$4,843$4,416$3,246
10 years$5,671$5,126$4,628$4,175$3,763$2,657
11 years$5,103$4,564$4,075$3,633$3,236$2,193
12 years$4,630$4,096$3,616$3,187$2,804$1,822
13 years$4,230$3,702$3,231$2,814$2,445$1,522
14 years$3,888$3,365$2,903$2,498$2,144$1,277
15 years$3,591$3,074$2,621$2,227$1,887$1,075
16 years$3,332$2,820$2,376$1,994$1,668$908
17 years$3,103$2,597$2,162$1,792$1,479$768
18 years$2,900$2,400$1,974$1,615$1,315$651
19 years$2,719$2,224$1,807$1,459$1,172$553
20 years$2,556$2,067$1,658$1,322$1,047$471
21 years$2,409$1,925$1,525$1,199$937$401
22 years$2,275$1,797$1,406$1,091$840$342
23 years$2,153$1,681$1,298$993$754$292
24 years$2,041$1,575$1,201$906$678$249
25 years$1,939$1,478$1,112$827$610$213
26 years$1,844$1,389$1,031$756$549$182
27 years$1,757$1,307$958$692$495$156
28 years$1,676$1,232$890$634$447$133
29 years$1,601$1,162$828$582$403$114
30 years$1,531$1,097$772$534$365$98
31 years$1,465$1,037$719$490$330$84
32 years$1,404$982$671$451$298$72
33 years$1,347$930$627$414$270$61
34 years$1,293$881$586$381$244$53
35 years$1,242$836$547$351$221$45
36 years$1,194$793$512$323$200$39
37 years$1,149$753$479$298$182$33
38 years$1,107$716$449$275$165$28
39 years$1,066$681$421$253$149$24
40 years$1,028$648$394$233$135$21
41 years$992$617$370$215$123$18
42 years$957$587$347$199$112$15
43 years$925$559$325$184$101$13
44 years$893$533$305$169$92$11
45 years$864$509$287$156$83$10
46 years$835$485$269$145$76$8
47 years$808$463$253$134$69$7
48 years$783$442$238$123$62$6
49 years$758$422$224$114$57$5
50 years$734$403$210$105$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $752,000, adding $4,969 every year, while hoping to spend $33,206 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: 78/13/9 Blend
56$752,000$752,000$752,000$752,000
57$833,830$793,974$782,318$897,312
58$883,549$797,547$773,194$943,286
59$937,227$800,183$762,652$988,904
60$995,233$801,800$750,609$1,037,965
61$1,057,971$802,313$736,979$1,090,800
62$1,125,886$801,629$721,670$1,147,768
63$1,199,469$799,651$704,589$1,209,271
64$1,279,258$796,277$685,636$1,275,747
65$1,365,845$791,397$664,707$1,347,681
66$1,459,881$784,895$641,694$1,425,606
67$1,562,082$776,649$616,485$1,510,111
68$1,673,237$766,526$588,959$1,601,846
69$1,794,211$754,391$558,994$1,701,523
70$1,925,960$740,095$526,459$1,809,933
71$2,069,532$723,484$491,220$1,927,943
72$2,226,083$704,394$453,135$2,056,510
73$2,396,885$682,650$412,055$2,196,691
74$2,583,336$658,068$367,828$2,349,648
75$2,786,976$630,454$320,291$2,516,665
76$3,009,503$599,602$269,276$2,699,155
77$3,252,783$565,292$214,606$2,898,677
78$3,518,870$527,296$156,100$3,116,950
79$3,810,030$485,368$93,563$3,355,869
80$4,128,752$439,250$26,798$3,617,521
81$4,477,783$388,672$0$3,904,209
82$4,860,144$333,343$0$4,222,741
83$5,279,163$272,961$0$4,574,668
84$5,738,505$207,204$0$4,960,523
85$6,242,207$135,731$0$5,383,729
86$6,794,716$58,186$0$5,848,058
87$7,400,928$0$0$6,357,668
88$8,066,238$0$0$6,920,835
89$8,796,588$0$0$7,548,218
90$9,598,523$0$0$8,237,120
91$10,479,253$0$0$8,993,739
92$11,446,720$0$0$9,824,900
93$12,509,675$0$0$10,738,124
94$13,677,755$0$0$11,741,697
95$14,961,581$0$0$12,844,745
96$16,372,850$0$0$14,057,323
97$17,924,453$0$0$15,390,511
98$19,630,588$0$0$16,856,512
99$21,506,902$0$0$18,468,776
100$23,570,630$0$0$20,242,117