Can I retire at age 57 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$62,678$62,119$61,575$61,043$60,524$60,067
2 years$31,028$30,451$29,891$29,348$28,821$28,360
3 years$20,480$19,900$19,341$18,803$18,285$17,835
4 years$15,207$14,628$14,075$13,547$13,041$12,605
5 years$12,044$11,469$10,923$10,405$9,914$9,493
6 years$9,936$9,365$8,827$8,321$7,844$7,439
7 years$8,431$7,865$7,336$6,841$6,380$5,990
8 years$7,303$6,742$6,221$5,739$5,292$4,919
9 years$6,425$5,870$5,358$4,888$4,457$4,100
10 years$5,724$5,174$4,672$4,214$3,798$3,456
11 years$5,151$4,606$4,113$3,667$3,266$2,940
12 years$4,673$4,134$3,650$3,217$2,830$2,519
13 years$4,269$3,736$3,261$2,840$2,468$2,172
14 years$3,924$3,396$2,930$2,521$2,163$1,882
15 years$3,624$3,102$2,645$2,248$1,905$1,637
16 years$3,363$2,846$2,398$2,013$1,684$1,430
17 years$3,132$2,621$2,182$1,809$1,493$1,252
18 years$2,927$2,422$1,992$1,630$1,327$1,099
19 years$2,744$2,245$1,824$1,473$1,183$968
20 years$2,580$2,086$1,674$1,334$1,057$853
21 years$2,431$1,943$1,540$1,211$946$754
22 years$2,296$1,814$1,419$1,101$848$667
23 years$2,173$1,696$1,310$1,002$761$590
24 years$2,060$1,589$1,212$914$684$523
25 years$1,957$1,492$1,122$835$615$465
26 years$1,861$1,402$1,041$763$554$413
27 years$1,773$1,319$967$699$500$367
28 years$1,692$1,243$899$640$451$326
29 years$1,616$1,173$836$587$407$291
30 years$1,545$1,108$779$539$368$259
31 years$1,479$1,047$726$495$333$231
32 years$1,417$991$677$455$301$205
33 years$1,359$938$633$418$272$183
34 years$1,305$889$591$385$247$163
35 years$1,254$843$553$354$223$146
36 years$1,205$801$517$326$202$130
37 years$1,160$760$484$301$183$116
38 years$1,117$723$453$277$166$104
39 years$1,076$687$424$255$151$93
40 years$1,038$654$398$236$137$83
41 years$1,001$622$373$217$124$74
42 years$966$593$350$201$113$66
43 years$933$565$328$185$102$59
44 years$902$538$308$171$93$53
45 years$872$513$289$158$84$47
46 years$843$490$272$146$76$42
47 years$816$467$255$135$69$38
48 years$790$446$240$125$63$34
49 years$765$426$226$115$57$30
50 years$741$407$212$106$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $759,000, adding $3,754 every year, while hoping to spend $24,099 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: 53/31/16 Blend
56$759,000$759,000$759,000$759,000
57$840,290$800,063$788,299$881,017
58$900,359$813,625$789,066$922,839
59$965,746$827,044$789,050$965,451
60$1,036,971$840,287$788,202$1,011,279
61$1,114,600$853,320$786,465$1,060,634
62$1,199,262$866,105$783,784$1,113,862
63$1,291,644$878,602$780,098$1,171,341
64$1,392,506$890,768$775,346$1,233,492
65$1,502,684$902,557$769,462$1,300,775
66$1,623,096$913,921$762,377$1,373,702
67$1,754,755$924,806$754,020$1,452,833
68$1,898,775$935,157$744,315$1,538,791
69$2,056,384$944,913$733,183$1,632,258
70$2,228,933$954,012$720,543$1,733,990
71$2,417,910$962,384$706,307$1,844,820
72$2,624,954$969,958$690,386$1,965,667
73$2,851,870$976,657$672,684$2,097,543
74$3,100,644$982,397$653,103$2,241,567
75$3,373,468$987,092$631,539$2,398,973
76$3,672,751$990,648$607,885$2,571,119
77$4,001,149$992,968$582,027$2,759,507
78$4,361,587$993,945$553,846$2,965,791
79$4,757,289$993,468$523,220$3,191,797
80$5,191,803$991,418$490,018$3,439,538
81$5,669,039$987,670$454,106$3,711,235
82$6,193,306$982,090$415,343$4,009,336
83$6,769,347$974,537$373,581$4,336,544
84$7,402,390$964,859$328,666$4,695,836
85$8,098,195$952,898$280,437$5,090,498
86$8,863,106$938,485$228,727$5,524,153
87$9,704,113$921,442$173,360$6,000,797
88$10,628,918$901,577$114,152$6,524,837
89$11,646,004$878,691$50,913$7,101,129
90$12,764,721$852,571$0$7,735,034
91$13,995,368$822,993$0$8,435,288
92$15,349,293$789,717$0$9,215,037
93$16,839,000$752,493$0$10,072,800
94$18,478,266$711,052$0$11,016,536
95$20,282,270$665,115$0$12,055,021
96$22,267,738$614,382$0$13,197,924
97$24,453,099$558,538$0$14,455,908
98$26,858,659$497,251$0$15,840,724
99$29,506,794$430,168$0$17,365,326
100$32,422,158$356,917$0$19,043,991