Can I retire at age 57 with 759,000?

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 $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%15.6%
1 years$62,678$62,119$61,575$61,043$60,524$59,133
2 years$31,028$30,451$29,891$29,348$28,821$27,427
3 years$20,480$19,900$19,341$18,803$18,285$16,932
4 years$15,207$14,628$14,075$13,547$13,041$11,739
5 years$12,044$11,469$10,923$10,405$9,914$8,667
6 years$9,936$9,365$8,827$8,321$7,844$6,654
7 years$8,431$7,865$7,336$6,841$6,380$5,245
8 years$7,303$6,742$6,221$5,739$5,292$4,214
9 years$6,425$5,870$5,358$4,888$4,457$3,434
10 years$5,724$5,174$4,672$4,214$3,798$2,828
11 years$5,151$4,606$4,113$3,667$3,266$2,349
12 years$4,673$4,134$3,650$3,217$2,830$1,965
13 years$4,269$3,736$3,261$2,840$2,468$1,652
14 years$3,924$3,396$2,930$2,521$2,163$1,395
15 years$3,624$3,102$2,645$2,248$1,905$1,183
16 years$3,363$2,846$2,398$2,013$1,684$1,006
17 years$3,132$2,621$2,182$1,809$1,493$858
18 years$2,927$2,422$1,992$1,630$1,327$733
19 years$2,744$2,245$1,824$1,473$1,183$627
20 years$2,580$2,086$1,674$1,334$1,057$538
21 years$2,431$1,943$1,540$1,211$946$461
22 years$2,296$1,814$1,419$1,101$848$396
23 years$2,173$1,696$1,310$1,002$761$341
24 years$2,060$1,589$1,212$914$684$293
25 years$1,957$1,492$1,122$835$615$253
26 years$1,861$1,402$1,041$763$554$218
27 years$1,773$1,319$967$699$500$188
28 years$1,692$1,243$899$640$451$162
29 years$1,616$1,173$836$587$407$140
30 years$1,545$1,108$779$539$368$121
31 years$1,479$1,047$726$495$333$104
32 years$1,417$991$677$455$301$90
33 years$1,359$938$633$418$272$78
34 years$1,305$889$591$385$247$67
35 years$1,254$843$553$354$223$58
36 years$1,205$801$517$326$202$50
37 years$1,160$760$484$301$183$43
38 years$1,117$723$453$277$166$38
39 years$1,076$687$424$255$151$32
40 years$1,038$654$398$236$137$28
41 years$1,001$622$373$217$124$24
42 years$966$593$350$201$113$21
43 years$933$565$328$185$102$18
44 years$902$538$308$171$93$16
45 years$872$513$289$158$84$14
46 years$843$490$272$146$76$12
47 years$816$467$255$135$69$10
48 years$790$446$240$125$63$9
49 years$765$426$226$115$57$8
50 years$741$407$212$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $759,000, adding $4,433 every year, while hoping to spend $33,489 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: 55/30/15 Blend
56$759,000$759,000$759,000$759,000
57$840,991$800,764$788,999$883,693
58$891,140$804,369$779,799$916,845
59$945,281$807,029$769,167$948,934
60$1,003,788$808,661$757,022$983,114
61$1,067,068$809,179$743,276$1,019,590
62$1,135,570$808,490$727,838$1,058,593
63$1,209,790$806,497$710,611$1,100,376
64$1,290,269$803,096$691,497$1,145,220
65$1,377,604$798,176$670,391$1,193,436
66$1,472,454$791,621$647,182$1,245,369
67$1,575,540$783,305$621,758$1,301,401
68$1,687,656$773,099$593,999$1,361,952
69$1,809,678$760,862$563,779$1,427,489
70$1,942,568$746,446$530,968$1,498,530
71$2,087,383$729,696$495,429$1,575,646
72$2,245,290$710,445$457,020$1,659,468
73$2,417,571$688,518$415,591$1,750,696
74$2,605,638$663,730$370,988$1,850,103
75$2,811,043$635,883$323,046$1,958,543
76$3,035,498$604,770$271,597$2,076,963
77$3,280,887$570,171$216,463$2,206,406
78$3,549,281$531,853$157,459$2,348,027
79$3,842,965$489,571$94,390$2,503,104
80$4,164,451$443,064$27,056$2,673,046
81$4,516,509$392,058$0$2,859,412
82$4,902,186$336,262$0$3,071,096
83$5,324,839$275,369$0$3,307,916
84$5,788,165$209,055$0$3,567,676
85$6,296,237$136,978$0$3,852,736
86$6,853,539$58,776$0$4,165,702
87$7,465,012$0$0$4,509,445
88$8,136,095$0$0$4,895,699
89$8,872,783$0$0$5,341,085
90$9,681,678$0$0$5,830,199
91$10,570,051$0$0$6,367,450
92$11,545,916$0$0$6,957,691
93$12,618,096$0$0$7,606,271
94$13,796,316$0$0$8,319,081
95$15,091,286$0$0$9,102,612
96$16,514,807$0$0$9,964,015
97$18,079,880$0$0$10,911,169
98$19,800,828$0$0$11,952,753
99$21,693,432$0$0$13,098,332
100$23,775,078$0$0$14,358,441