Can I retire at age 57 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$62,512$61,956$61,412$60,882$60,364$59,833
2 years$30,947$30,370$29,812$29,270$28,745$28,210
3 years$20,426$19,847$19,290$18,754$18,237$17,715
4 years$15,167$14,590$14,038$13,511$13,007$12,501
5 years$12,012$11,439$10,894$10,378$9,888$9,400
6 years$9,910$9,341$8,804$8,299$7,824$7,354
7 years$8,409$7,844$7,316$6,823$6,363$5,912
8 years$7,283$6,724$6,205$5,724$5,278$4,847
9 years$6,408$5,854$5,344$4,875$4,445$4,032
10 years$5,709$5,160$4,659$4,203$3,788$3,393
11 years$5,137$4,594$4,102$3,658$3,257$2,881
12 years$4,661$4,123$3,640$3,208$2,823$2,464
13 years$4,258$3,726$3,252$2,832$2,462$2,120
14 years$3,913$3,387$2,922$2,514$2,158$1,834
15 years$3,615$3,094$2,638$2,242$1,900$1,592
16 years$3,354$2,839$2,392$2,008$1,679$1,387
17 years$3,124$2,614$2,177$1,804$1,489$1,213
18 years$2,919$2,416$1,987$1,626$1,324$1,062
19 years$2,737$2,239$1,819$1,469$1,180$933
20 years$2,573$2,081$1,669$1,330$1,054$821
21 years$2,425$1,938$1,536$1,207$943$723
22 years$2,290$1,809$1,415$1,098$845$638
23 years$2,167$1,692$1,307$1,000$759$564
24 years$2,055$1,585$1,209$912$682$499
25 years$1,952$1,488$1,119$833$614$442
26 years$1,857$1,398$1,038$761$553$392
27 years$1,769$1,316$964$697$498$347
28 years$1,687$1,240$896$639$450$308
29 years$1,611$1,170$834$586$406$274
30 years$1,541$1,105$777$537$367$243
31 years$1,475$1,044$724$494$332$216
32 years$1,413$988$676$454$300$192
33 years$1,356$936$631$417$272$171
34 years$1,301$887$589$384$246$152
35 years$1,250$841$551$353$223$135
36 years$1,202$798$516$325$202$121
37 years$1,157$758$483$300$183$107
38 years$1,114$721$452$276$166$96
39 years$1,073$685$423$255$150$85
40 years$1,035$652$397$235$136$76
41 years$998$621$372$217$124$68
42 years$964$591$349$200$112$60
43 years$931$563$328$185$102$54
44 years$899$537$307$171$92$48
45 years$870$512$289$158$84$43
46 years$841$488$271$146$76$38
47 years$814$466$255$134$69$34
48 years$788$445$239$124$63$30
49 years$763$425$225$115$57$27
50 years$739$406$212$106$52$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $757,000, adding $4,684 every year, while hoping to spend $36,772 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: 62/15/23 Blend
56$757,000$757,000$757,000$757,000
57$839,046$798,925$787,191$885,721
58$885,503$798,947$774,437$917,876
59$935,467$797,738$760,023$948,493
60$989,256$795,198$743,855$981,101
61$1,047,220$791,222$725,834$1,015,897
62$1,109,743$785,700$705,857$1,053,104
63$1,177,249$778,511$683,815$1,092,966
64$1,250,201$769,531$659,595$1,135,752
65$1,329,110$758,626$633,080$1,181,763
66$1,414,536$745,656$604,145$1,231,331
67$1,507,097$730,471$572,662$1,284,823
68$1,607,469$712,912$538,494$1,342,644
69$1,716,399$692,812$501,502$1,405,244
70$1,834,705$669,994$461,536$1,473,122
71$1,963,292$644,270$418,444$1,546,826
72$2,103,149$615,441$372,063$1,626,965
73$2,255,369$583,297$322,227$1,714,213
74$2,421,154$547,615$268,758$1,809,313
75$2,601,824$508,161$211,474$1,913,087
76$2,798,834$464,685$150,182$2,026,446
77$3,013,785$416,925$84,684$2,150,394
78$3,248,440$364,603$14,769$2,286,041
79$3,504,738$307,426$0$2,434,617
80$3,784,815$245,083$0$2,612,161
81$4,091,021$177,247$0$2,810,311
82$4,425,945$103,572$0$3,027,150
83$4,792,437$23,692$0$3,264,570
84$5,193,634$0$0$3,524,652
85$5,632,994$0$0$3,820,055
86$6,114,321$0$0$4,148,015
87$6,641,807$0$0$4,507,484
88$7,220,066$0$0$4,901,614
89$7,854,183$0$0$5,333,878
90$8,549,757$0$0$5,808,101
91$9,312,954$0$0$6,328,495
92$10,150,568$0$0$6,899,699
93$11,070,080$0$0$7,526,826
94$12,079,734$0$0$8,215,506
95$13,188,608$0$0$8,971,941
96$14,406,705$0$0$9,802,964
97$15,745,042$0$0$10,716,101
98$17,215,760$0$0$11,719,645
99$18,832,228$0$0$12,822,732
100$20,609,182$0$0$14,035,425