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%11.2%
1 years$62,595$62,037$61,493$60,962$60,444$60,139
2 years$30,988$30,410$29,851$29,309$28,783$28,475
3 years$20,453$19,874$19,316$18,778$18,261$17,960
4 years$15,187$14,609$14,057$13,529$13,024$12,732
5 years$12,028$11,454$10,909$10,391$9,901$9,618
6 years$9,923$9,353$8,816$8,310$7,834$7,562
7 years$8,420$7,855$7,326$6,832$6,371$6,109
8 years$7,293$6,733$6,213$5,731$5,285$5,034
9 years$6,417$5,862$5,351$4,882$4,451$4,210
10 years$5,717$5,167$4,665$4,208$3,793$3,562
11 years$5,144$4,600$4,107$3,662$3,262$3,041
12 years$4,667$4,129$3,645$3,212$2,827$2,616
13 years$4,264$3,731$3,257$2,836$2,465$2,264
14 years$3,919$3,392$2,926$2,518$2,161$1,969
15 years$3,620$3,098$2,642$2,245$1,902$1,720
16 years$3,358$2,843$2,395$2,010$1,681$1,508
17 years$3,128$2,618$2,180$1,806$1,491$1,326
18 years$2,923$2,419$1,990$1,628$1,326$1,170
19 years$2,741$2,242$1,821$1,471$1,181$1,034
20 years$2,576$2,083$1,672$1,332$1,055$915
21 years$2,428$1,941$1,538$1,209$944$812
22 years$2,293$1,811$1,417$1,099$847$722
23 years$2,170$1,694$1,308$1,001$760$642
24 years$2,058$1,587$1,210$913$683$572
25 years$1,954$1,490$1,121$834$615$510
26 years$1,859$1,400$1,040$762$554$455
27 years$1,771$1,318$965$698$499$406
28 years$1,689$1,242$897$639$450$363
29 years$1,614$1,171$835$586$407$325
30 years$1,543$1,106$778$538$367$291
31 years$1,477$1,046$725$494$332$260
32 years$1,415$989$677$454$301$233
33 years$1,357$937$632$418$272$209
34 years$1,303$888$590$384$246$187
35 years$1,252$842$552$354$223$168
36 years$1,204$799$516$326$202$151
37 years$1,158$759$483$300$183$135
38 years$1,115$722$452$277$166$121
39 years$1,075$686$424$255$151$109
40 years$1,036$653$397$235$137$98
41 years$1,000$621$373$217$124$88
42 years$965$592$349$200$112$79
43 years$932$564$328$185$102$71
44 years$901$538$308$171$93$64
45 years$871$513$289$158$84$57
46 years$842$489$271$146$76$51
47 years$815$467$255$135$69$46
48 years$789$445$240$124$63$41
49 years$764$425$225$115$57$37
50 years$740$406$212$106$52$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $758,000, adding $3,911 every year, while hoping to spend $55,974 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: 75/9/16 Blend
56$758,000$758,000$758,000$758,000
57$839,350$799,176$787,427$899,034
58$865,408$778,780$754,250$918,645
59$892,248$755,508$718,086$932,813
60$919,890$729,161$678,774$946,838
61$948,356$699,527$636,150$960,691
62$977,666$666,382$590,039$974,339
63$1,007,842$629,489$540,260$987,749
64$1,038,905$588,597$486,622$1,000,881
65$1,070,878$543,442$428,928$1,013,698
66$1,103,780$493,744$366,970$1,026,155
67$1,137,634$439,206$300,532$1,038,208
68$1,172,461$379,515$229,388$1,049,807
69$1,208,283$314,342$153,303$1,060,900
70$1,245,119$243,337$72,030$1,071,430
71$1,282,991$166,130$0$1,081,337
72$1,321,919$82,332$0$1,093,068
73$1,361,921$0$0$1,117,328
74$1,403,015$0$0$1,142,620
75$1,445,221$0$0$1,176,968
76$1,488,552$0$0$1,212,230
77$1,533,025$0$0$1,248,418
78$1,578,652$0$0$1,285,543
79$1,625,445$0$0$1,323,612
80$1,673,413$0$0$1,362,633
81$1,722,562$0$0$1,402,610
82$1,772,895$0$0$1,443,546
83$1,824,413$0$0$1,485,441
84$1,877,113$0$0$1,528,291
85$1,930,986$0$0$1,572,088
86$1,986,020$0$0$1,616,822
87$2,042,197$0$0$1,662,476
88$2,099,493$0$0$1,709,031
89$2,157,876$0$0$1,756,459
90$2,217,307$0$0$1,804,728
91$2,277,739$0$0$1,853,797
92$2,339,115$0$0$1,903,618
93$2,401,366$0$0$1,954,134
94$2,464,411$0$0$2,005,278
95$2,528,158$0$0$2,056,970
96$2,592,497$0$0$2,109,121
97$2,657,302$0$0$2,161,625
98$2,722,429$0$0$2,214,361
99$2,787,713$0$0$2,267,192
100$2,852,964$0$0$2,319,962