Can I retire at age 57 with 757,000?

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 $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%17.1%
1 years$62,512$61,956$61,412$60,882$60,364$58,620
2 years$30,947$30,370$29,812$29,270$28,745$27,001
3 years$20,426$19,847$19,290$18,754$18,237$16,549
4 years$15,167$14,590$14,038$13,511$13,007$11,387
5 years$12,012$11,439$10,894$10,378$9,888$8,341
6 years$9,910$9,341$8,804$8,299$7,824$6,351
7 years$8,409$7,844$7,316$6,823$6,363$4,964
8 years$7,283$6,724$6,205$5,724$5,278$3,953
9 years$6,408$5,854$5,344$4,875$4,445$3,192
10 years$5,709$5,160$4,659$4,203$3,788$2,605
11 years$5,137$4,594$4,102$3,658$3,257$2,143
12 years$4,661$4,123$3,640$3,208$2,823$1,775
13 years$4,258$3,726$3,252$2,832$2,462$1,477
14 years$3,913$3,387$2,922$2,514$2,158$1,235
15 years$3,615$3,094$2,638$2,242$1,900$1,036
16 years$3,354$2,839$2,392$2,008$1,679$872
17 years$3,124$2,614$2,177$1,804$1,489$735
18 years$2,919$2,416$1,987$1,626$1,324$621
19 years$2,737$2,239$1,819$1,469$1,180$526
20 years$2,573$2,081$1,669$1,330$1,054$445
21 years$2,425$1,938$1,536$1,207$943$378
22 years$2,290$1,809$1,415$1,098$845$321
23 years$2,167$1,692$1,307$1,000$759$273
24 years$2,055$1,585$1,209$912$682$232
25 years$1,952$1,488$1,119$833$614$198
26 years$1,857$1,398$1,038$761$553$168
27 years$1,769$1,316$964$697$498$143
28 years$1,687$1,240$896$639$450$122
29 years$1,611$1,170$834$586$406$104
30 years$1,541$1,105$777$537$367$89
31 years$1,475$1,044$724$494$332$76
32 years$1,413$988$676$454$300$65
33 years$1,356$936$631$417$272$55
34 years$1,301$887$589$384$246$47
35 years$1,250$841$551$353$223$40
36 years$1,202$798$516$325$202$34
37 years$1,157$758$483$300$183$29
38 years$1,114$721$452$276$166$25
39 years$1,073$685$423$255$150$21
40 years$1,035$652$397$235$136$18
41 years$998$621$372$217$124$16
42 years$964$591$349$200$112$13
43 years$931$563$328$185$102$11
44 years$899$537$307$171$92$10
45 years$870$512$289$158$84$8
46 years$841$488$271$146$76$7
47 years$814$466$255$134$69$6
48 years$788$445$239$124$63$5
49 years$763$425$225$115$57$4
50 years$739$406$212$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $757,000, adding $2,683 every year, while hoping to spend $23,778 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: 49/36/15 Blend
56$757,000$757,000$757,000$757,000
57$836,982$796,861$785,127$874,393
58$897,054$810,607$786,129$914,216
59$962,457$824,230$786,368$954,772
60$1,033,709$837,699$785,793$998,304
61$1,111,381$850,980$784,350$1,045,098
62$1,196,100$864,037$781,985$1,095,473
63$1,288,559$876,831$778,638$1,149,777
64$1,389,518$889,322$774,248$1,208,397
65$1,499,815$901,465$768,752$1,271,759
66$1,620,373$913,212$762,081$1,340,331
67$1,752,205$924,514$754,165$1,414,633
68$1,896,431$935,316$744,931$1,495,237
69$2,054,281$945,561$734,300$1,582,773
70$2,227,111$955,187$722,193$1,677,937
71$2,416,414$964,128$708,523$1,781,498
72$2,623,832$972,315$693,203$1,894,303
73$2,851,178$979,673$676,140$2,017,288
74$3,100,443$986,122$657,235$2,151,483
75$3,373,824$991,578$636,389$2,298,027
76$3,673,740$995,951$613,494$2,458,176
77$4,002,855$999,146$588,439$2,633,315
78$4,364,103$1,001,061$561,109$2,824,972
79$4,760,716$1,001,588$531,381$3,034,833
80$5,196,255$1,000,612$499,128$3,264,758
81$5,674,643$998,011$464,218$3,516,799
82$6,200,200$993,657$426,513$3,793,217
83$6,777,686$987,412$385,867$4,096,510
84$7,412,345$979,130$342,128$4,429,431
85$8,109,954$968,658$295,140$4,795,017
86$8,876,878$955,831$244,736$5,196,617
87$9,720,130$940,476$190,744$5,637,925
88$10,647,434$922,411$132,985$6,123,017
89$11,667,302$901,439$71,270$6,656,385
90$12,789,113$877,355$5,404$7,242,986
91$14,023,198$849,941$0$7,888,284
92$15,380,943$818,967$0$8,608,693
93$16,874,889$784,187$0$9,402,072
94$18,518,859$745,343$0$10,274,919
95$20,328,079$702,161$0$11,235,354
96$22,319,329$654,353$0$12,292,329
97$24,511,098$601,613$0$13,455,710
98$26,923,755$543,617$0$14,736,375
99$29,579,747$480,024$0$16,146,315
100$32,503,809$410,473$0$17,698,751