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%17.1%
1 years$62,678$62,119$61,575$61,043$60,524$58,775
2 years$31,028$30,451$29,891$29,348$28,821$27,073
3 years$20,480$19,900$19,341$18,803$18,285$16,593
4 years$15,207$14,628$14,075$13,547$13,041$11,417
5 years$12,044$11,469$10,923$10,405$9,914$8,363
6 years$9,936$9,365$8,827$8,321$7,844$6,368
7 years$8,431$7,865$7,336$6,841$6,380$4,977
8 years$7,303$6,742$6,221$5,739$5,292$3,964
9 years$6,425$5,870$5,358$4,888$4,457$3,201
10 years$5,724$5,174$4,672$4,214$3,798$2,612
11 years$5,151$4,606$4,113$3,667$3,266$2,149
12 years$4,673$4,134$3,650$3,217$2,830$1,780
13 years$4,269$3,736$3,261$2,840$2,468$1,481
14 years$3,924$3,396$2,930$2,521$2,163$1,238
15 years$3,624$3,102$2,645$2,248$1,905$1,039
16 years$3,363$2,846$2,398$2,013$1,684$874
17 years$3,132$2,621$2,182$1,809$1,493$737
18 years$2,927$2,422$1,992$1,630$1,327$623
19 years$2,744$2,245$1,824$1,473$1,183$527
20 years$2,580$2,086$1,674$1,334$1,057$447
21 years$2,431$1,943$1,540$1,211$946$379
22 years$2,296$1,814$1,419$1,101$848$322
23 years$2,173$1,696$1,310$1,002$761$274
24 years$2,060$1,589$1,212$914$684$233
25 years$1,957$1,492$1,122$835$615$198
26 years$1,861$1,402$1,041$763$554$169
27 years$1,773$1,319$967$699$500$144
28 years$1,692$1,243$899$640$451$122
29 years$1,616$1,173$836$587$407$104
30 years$1,545$1,108$779$539$368$89
31 years$1,479$1,047$726$495$333$76
32 years$1,417$991$677$455$301$65
33 years$1,359$938$633$418$272$55
34 years$1,305$889$591$385$247$47
35 years$1,254$843$553$354$223$40
36 years$1,205$801$517$326$202$34
37 years$1,160$760$484$301$183$29
38 years$1,117$723$453$277$166$25
39 years$1,076$687$424$255$151$21
40 years$1,038$654$398$236$137$18
41 years$1,001$622$373$217$124$16
42 years$966$593$350$201$113$13
43 years$933$565$328$185$102$11
44 years$902$538$308$171$93$10
45 years$872$513$289$158$84$8
46 years$843$490$272$146$76$7
47 years$816$467$255$135$69$6
48 years$790$446$240$125$63$5
49 years$765$426$226$115$57$4
50 years$741$407$212$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $759,000, adding $6,870 every year, while hoping to spend $49,003 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: 62/17/21 Blend
56$759,000$759,000$759,000$759,000
57$843,504$803,277$791,513$890,793
58$877,403$790,499$765,890$910,770
59$913,117$775,452$737,766$926,513
60$950,780$757,974$707,006$942,586
61$990,536$737,892$673,468$959,026
62$1,032,546$715,024$637,004$975,879
63$1,076,981$689,175$597,459$993,192
64$1,124,030$660,142$554,671$1,011,025
65$1,173,901$627,709$508,472$1,029,444
66$1,226,817$591,645$458,684$1,048,522
67$1,283,027$551,710$405,124$1,068,346
68$1,342,798$507,646$347,598$1,089,011
69$1,406,426$459,184$285,906$1,110,629
70$1,474,235$406,037$219,837$1,133,323
71$1,546,577$347,903$149,171$1,157,234
72$1,623,840$284,462$73,681$1,182,519
73$1,706,448$215,377$0$1,209,356
74$1,794,868$140,292$0$1,239,489
75$1,889,608$58,831$0$1,289,319
76$1,991,230$0$0$1,342,630
77$2,100,346$0$0$1,405,269
78$2,217,632$0$0$1,484,465
79$2,343,827$0$0$1,569,719
80$2,479,744$0$0$1,661,585
81$2,626,275$0$0$1,760,672
82$2,784,400$0$0$1,867,648
83$2,955,197$0$0$1,983,248
84$3,139,849$0$0$2,108,280
85$3,339,657$0$0$2,243,631
86$3,556,051$0$0$2,390,279
87$3,790,603$0$0$2,549,294
88$4,045,043$0$0$2,721,859
89$4,321,271$0$0$2,909,270
90$4,621,379$0$0$3,112,955
91$4,947,666$0$0$3,334,484
92$5,302,665$0$0$3,575,586
93$5,689,160$0$0$3,838,161
94$6,110,213$0$0$4,124,301
95$6,569,199$0$0$4,436,309
96$7,069,826$0$0$4,776,719
97$7,616,181$0$0$5,148,320
98$8,212,758$0$0$5,554,182
99$8,864,508$0$0$5,997,684
100$9,576,879$0$0$6,482,549