Can I retire at age 57 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$62,347$61,792$61,250$60,721$60,205$58,536
2 years$30,865$30,290$29,733$29,193$28,669$27,000
3 years$20,372$19,795$19,239$18,704$18,189$16,572
4 years$15,127$14,551$14,001$13,475$12,972$11,420
5 years$11,981$11,408$10,866$10,350$9,861$8,378
6 years$9,884$9,316$8,781$8,277$7,803$6,390
7 years$8,386$7,823$7,297$6,805$6,346$5,003
8 years$7,264$6,706$6,188$5,709$5,265$3,992
9 years$6,392$5,839$5,330$4,863$4,434$3,229
10 years$5,694$5,147$4,647$4,192$3,778$2,640
11 years$5,124$4,582$4,091$3,648$3,249$2,176
12 years$4,649$4,112$3,631$3,200$2,815$1,806
13 years$4,247$3,716$3,244$2,825$2,455$1,506
14 years$3,903$3,378$2,915$2,508$2,152$1,262
15 years$3,605$3,086$2,631$2,236$1,895$1,061
16 years$3,345$2,831$2,386$2,002$1,675$894
17 years$3,115$2,608$2,171$1,799$1,485$756
18 years$2,912$2,409$1,982$1,621$1,320$640
19 years$2,730$2,233$1,814$1,465$1,177$543
20 years$2,566$2,075$1,665$1,327$1,051$461
21 years$2,418$1,933$1,532$1,204$941$392
22 years$2,284$1,804$1,412$1,095$843$334
23 years$2,161$1,687$1,303$997$757$284
24 years$2,049$1,581$1,205$909$680$242
25 years$1,947$1,484$1,116$831$612$207
26 years$1,852$1,394$1,035$759$551$177
27 years$1,764$1,312$961$695$497$151
28 years$1,683$1,237$894$637$449$129
29 years$1,607$1,167$832$584$405$110
30 years$1,537$1,102$775$536$366$94
31 years$1,471$1,042$722$492$331$80
32 years$1,410$985$674$452$299$69
33 years$1,352$933$629$416$271$59
34 years$1,298$885$588$383$245$50
35 years$1,247$839$550$352$222$43
36 years$1,199$796$514$325$201$37
37 years$1,154$756$481$299$182$32
38 years$1,111$719$451$276$165$27
39 years$1,071$683$422$254$150$23
40 years$1,032$650$396$234$136$20
41 years$996$619$371$216$123$17
42 years$961$590$348$200$112$14
43 years$928$562$327$184$102$12
44 years$897$535$307$170$92$11
45 years$867$511$288$157$84$9
46 years$839$487$270$145$76$8
47 years$812$465$254$134$69$7
48 years$786$444$239$124$63$6
49 years$761$424$224$114$57$5
50 years$737$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $755,000, adding $6,648 every year, while hoping to spend $53,612 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: 76/14/10 Blend
56$755,000$755,000$755,000$755,000
57$838,867$798,852$787,150$900,638
58$867,389$780,953$756,477$924,333
59$897,023$760,381$722,979$942,826
60$927,827$736,946$686,506$961,576
61$959,860$710,452$646,899$980,588
62$993,189$680,687$603,993$999,869
63$1,027,883$647,429$557,616$1,019,427
64$1,064,018$610,444$507,586$1,039,273
65$1,101,674$569,482$453,717$1,059,417
66$1,140,938$524,281$395,810$1,079,875
67$1,181,905$474,561$333,661$1,100,662
68$1,224,675$420,030$267,054$1,121,799
69$1,269,357$360,377$195,766$1,143,308
70$1,316,069$295,273$119,562$1,165,216
71$1,364,939$224,373$38,198$1,187,552
72$1,416,105$147,309$0$1,210,354
73$1,469,715$63,695$0$1,238,852
74$1,525,933$0$0$1,272,589
75$1,584,934$0$0$1,311,711
76$1,646,908$0$0$1,363,121
77$1,712,064$0$0$1,417,180
78$1,780,626$0$0$1,474,076
79$1,852,841$0$0$1,534,014
80$1,928,975$0$0$1,597,218
81$2,009,319$0$0$1,663,931
82$2,094,192$0$0$1,734,418
83$2,183,940$0$0$1,808,969
84$2,278,940$0$0$1,887,899
85$2,379,606$0$0$1,971,555
86$2,486,388$0$0$2,060,313
87$2,599,781$0$0$2,154,585
88$2,720,322$0$0$2,254,823
89$2,848,602$0$0$2,361,521
90$2,985,268$0$0$2,475,217
91$3,131,026$0$0$2,596,505
92$3,286,650$0$0$2,726,031
93$3,452,991$0$0$2,864,507
94$3,630,978$0$0$3,012,710
95$3,821,632$0$0$3,171,495
96$4,026,072$0$0$3,341,798
97$4,245,526$0$0$3,524,646
98$4,481,341$0$0$3,721,167
99$4,734,997$0$0$3,932,599
100$5,008,117$0$0$4,160,301