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%18.3%
1 years$62,512$61,956$61,412$60,882$60,364$58,339
2 years$30,947$30,370$29,812$29,270$28,745$26,724
3 years$20,426$19,847$19,290$18,754$18,237$16,284
4 years$15,167$14,590$14,038$13,511$13,007$11,137
5 years$12,012$11,439$10,894$10,378$9,888$8,106
6 years$9,910$9,341$8,804$8,299$7,824$6,132
7 years$8,409$7,844$7,316$6,823$6,363$4,761
8 years$7,283$6,724$6,205$5,724$5,278$3,764
9 years$6,408$5,854$5,344$4,875$4,445$3,018
10 years$5,709$5,160$4,659$4,203$3,788$2,444
11 years$5,137$4,594$4,102$3,658$3,257$1,995
12 years$4,661$4,123$3,640$3,208$2,823$1,639
13 years$4,258$3,726$3,252$2,832$2,462$1,353
14 years$3,913$3,387$2,922$2,514$2,158$1,122
15 years$3,615$3,094$2,638$2,242$1,900$933
16 years$3,354$2,839$2,392$2,008$1,679$778
17 years$3,124$2,614$2,177$1,804$1,489$651
18 years$2,919$2,416$1,987$1,626$1,324$545
19 years$2,737$2,239$1,819$1,469$1,180$457
20 years$2,573$2,081$1,669$1,330$1,054$384
21 years$2,425$1,938$1,536$1,207$943$323
22 years$2,290$1,809$1,415$1,098$845$271
23 years$2,167$1,692$1,307$1,000$759$229
24 years$2,055$1,585$1,209$912$682$193
25 years$1,952$1,488$1,119$833$614$162
26 years$1,857$1,398$1,038$761$553$137
27 years$1,769$1,316$964$697$498$115
28 years$1,687$1,240$896$639$450$97
29 years$1,611$1,170$834$586$406$82
30 years$1,541$1,105$777$537$367$69
31 years$1,475$1,044$724$494$332$59
32 years$1,413$988$676$454$300$50
33 years$1,356$936$631$417$272$42
34 years$1,301$887$589$384$246$35
35 years$1,250$841$551$353$223$30
36 years$1,202$798$516$325$202$25
37 years$1,157$758$483$300$183$21
38 years$1,114$721$452$276$166$18
39 years$1,073$685$423$255$150$15
40 years$1,035$652$397$235$136$13
41 years$998$621$372$217$124$11
42 years$964$591$349$200$112$9
43 years$931$563$328$185$102$8
44 years$899$537$307$171$92$7
45 years$870$512$289$158$84$6
46 years$841$488$271$146$76$5
47 years$814$466$255$134$69$4
48 years$788$445$239$124$63$3
49 years$763$425$225$115$57$3
50 years$739$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $757,000, adding $2,195 every year, while hoping to spend $31,206 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: 42/45/13 Blend
56$757,000$757,000$757,000$757,000
57$836,478$796,357$784,624$868,337
58$888,596$802,176$777,706$896,733
59$944,984$807,233$769,510$924,190
60$1,006,045$811,460$759,961$953,238
61$1,072,221$814,781$748,979$984,037
62$1,143,999$817,117$736,481$1,016,761
63$1,221,914$818,384$722,381$1,051,609
64$1,306,556$818,491$706,587$1,088,798
65$1,398,571$817,343$689,004$1,128,569
66$1,498,672$814,840$669,533$1,171,192
67$1,607,643$810,874$648,069$1,216,965
68$1,726,347$805,330$624,503$1,266,219
69$1,855,732$798,089$598,722$1,319,320
70$1,996,843$789,022$570,605$1,376,676
71$2,150,830$777,993$540,030$1,438,739
72$2,318,959$764,859$506,865$1,506,008
73$2,502,622$749,466$470,974$1,579,038
74$2,703,353$731,654$432,215$1,658,444
75$2,922,841$711,251$390,441$1,744,907
76$3,162,945$688,076$345,494$1,839,181
77$3,425,712$661,938$297,215$1,942,101
78$3,713,395$632,634$245,432$2,054,593
79$4,028,477$599,949$189,970$2,177,680
80$4,373,692$563,657$130,644$2,312,495
81$4,752,049$523,516$67,261$2,460,293
82$5,166,864$479,275$0$2,622,462
83$5,621,789$430,664$0$2,800,590
84$6,120,845$377,400$0$3,006,282
85$6,668,463$319,184$0$3,232,108
86$7,269,521$255,699$0$3,480,176
87$7,929,394$186,610$0$3,752,816
88$8,654,004$111,566$0$4,052,602
89$9,449,871$30,192$0$4,382,376
90$10,324,182$0$0$4,745,278
91$11,284,851$0$0$5,173,448
92$12,340,598$0$0$5,660,526
93$13,501,028$0$0$6,196,007
94$14,776,726$0$0$6,784,788
95$16,179,350$0$0$7,432,263
96$17,721,747$0$0$8,144,376
97$19,418,070$0$0$8,927,676
98$21,283,913$0$0$9,789,380
99$23,336,454$0$0$10,737,436
100$25,594,625$0$0$11,780,604