Can I retire at age 57 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$62,595$62,037$61,493$60,962$60,444$59,224
2 years$30,988$30,410$29,851$29,309$28,783$27,559
3 years$20,453$19,874$19,316$18,778$18,261$17,071
4 years$15,187$14,609$14,057$13,529$13,024$11,878
5 years$12,028$11,454$10,909$10,391$9,901$8,801
6 years$9,923$9,353$8,816$8,310$7,834$6,783
7 years$8,420$7,855$7,326$6,832$6,371$5,368
8 years$7,293$6,733$6,213$5,731$5,285$4,330
9 years$6,417$5,862$5,351$4,882$4,451$3,543
10 years$5,717$5,167$4,665$4,208$3,793$2,931
11 years$5,144$4,600$4,107$3,662$3,262$2,446
12 years$4,667$4,129$3,645$3,212$2,827$2,055
13 years$4,264$3,731$3,257$2,836$2,465$1,736
14 years$3,919$3,392$2,926$2,518$2,161$1,473
15 years$3,620$3,098$2,642$2,245$1,902$1,255
16 years$3,358$2,843$2,395$2,010$1,681$1,072
17 years$3,128$2,618$2,180$1,806$1,491$919
18 years$2,923$2,419$1,990$1,628$1,326$789
19 years$2,741$2,242$1,821$1,471$1,181$679
20 years$2,576$2,083$1,672$1,332$1,055$585
21 years$2,428$1,941$1,538$1,209$944$505
22 years$2,293$1,811$1,417$1,099$847$436
23 years$2,170$1,694$1,308$1,001$760$377
24 years$2,058$1,587$1,210$913$683$326
25 years$1,954$1,490$1,121$834$615$283
26 years$1,859$1,400$1,040$762$554$245
27 years$1,771$1,318$965$698$499$213
28 years$1,689$1,242$897$639$450$184
29 years$1,614$1,171$835$586$407$160
30 years$1,543$1,106$778$538$367$139
31 years$1,477$1,046$725$494$332$121
32 years$1,415$989$677$454$301$105
33 years$1,357$937$632$418$272$91
34 years$1,303$888$590$384$246$79
35 years$1,252$842$552$354$223$69
36 years$1,204$799$516$326$202$60
37 years$1,158$759$483$300$183$52
38 years$1,115$722$452$277$166$45
39 years$1,075$686$424$255$151$39
40 years$1,036$653$397$235$137$34
41 years$1,000$621$373$217$124$30
42 years$965$592$349$200$112$26
43 years$932$564$328$185$102$23
44 years$901$538$308$171$93$20
45 years$871$513$289$158$84$17
46 years$842$489$271$146$76$15
47 years$815$467$255$135$69$13
48 years$789$445$240$124$63$11
49 years$764$425$225$115$57$10
50 years$740$406$212$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $758,000, adding $5,883 every year, while hoping to spend $48,069 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: 83/5/12 Blend
56$758,000$758,000$758,000$758,000
57$841,384$801,210$789,461$908,960
58$876,060$789,325$764,763$942,204
59$912,663$775,245$737,627$971,726
60$951,336$758,814$707,919$1,002,704
61$992,240$739,864$675,502$1,035,260
62$1,035,549$718,217$640,232$1,069,523
63$1,081,450$693,686$601,955$1,105,640
64$1,130,153$666,071$560,515$1,143,770
65$1,181,883$635,163$515,747$1,184,089
66$1,236,887$600,738$467,476$1,226,789
67$1,295,437$562,562$415,524$1,272,086
68$1,357,829$520,385$359,702$1,320,212
69$1,424,389$473,945$299,813$1,371,428
70$1,495,471$422,963$235,652$1,426,020
71$1,571,467$367,145$167,003$1,484,302
72$1,652,802$306,182$93,644$1,546,620
73$1,739,948$239,744$15,340$1,613,359
74$1,833,416$167,485$0$1,684,940
75$1,933,772$89,039$0$1,770,564
76$2,041,635$4,020$0$1,864,673
77$2,157,684$0$0$1,965,900
78$2,282,666$0$0$2,079,748
79$2,417,401$0$0$2,202,728
80$2,562,788$0$0$2,335,445
81$2,719,818$0$0$2,478,801
82$2,889,577$0$0$2,633,792
83$3,073,259$0$0$2,801,510
84$3,272,180$0$0$2,983,156
85$3,487,781$0$0$3,180,050
86$3,721,652$0$0$3,393,645
87$3,975,539$0$0$3,625,537
88$4,251,361$0$0$3,877,483
89$4,551,233$0$0$4,151,415
90$4,877,478$0$0$4,449,459
91$5,232,653$0$0$4,773,953
92$5,619,573$0$0$5,127,470
93$6,041,335$0$0$5,512,844
94$6,501,346$0$0$5,933,190
95$7,003,357$0$0$6,391,940
96$7,551,498$0$0$6,892,870
97$8,150,314$0$0$7,440,136
98$8,804,809$0$0$8,038,316
99$9,520,493$0$0$8,692,447
100$10,303,430$0$0$9,408,078