Can I retire at age 57 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$62,843$62,283$61,737$61,204$60,683$58,577
2 years$31,110$30,531$29,969$29,425$28,897$26,796
3 years$20,534$19,952$19,392$18,853$18,333$16,305
4 years$15,247$14,667$14,112$13,582$13,075$11,135
5 years$12,076$11,499$10,952$10,433$9,940$8,091
6 years$9,962$9,390$8,851$8,343$7,865$6,111
7 years$8,453$7,886$7,355$6,859$6,396$4,736
8 years$7,322$6,759$6,238$5,754$5,306$3,738
9 years$6,442$5,885$5,372$4,901$4,469$2,991
10 years$5,739$5,188$4,684$4,225$3,808$2,418
11 years$5,164$4,618$4,124$3,677$3,275$1,970
12 years$4,686$4,145$3,660$3,225$2,838$1,615
13 years$4,281$3,746$3,270$2,847$2,475$1,331
14 years$3,934$3,405$2,938$2,528$2,169$1,101
15 years$3,634$3,110$2,652$2,254$1,910$914
16 years$3,372$2,854$2,405$2,018$1,688$761
17 years$3,140$2,628$2,188$1,813$1,497$634
18 years$2,935$2,429$1,998$1,634$1,331$530
19 years$2,751$2,251$1,829$1,477$1,186$444
20 years$2,586$2,092$1,678$1,337$1,060$372
21 years$2,437$1,948$1,544$1,214$948$312
22 years$2,302$1,819$1,423$1,104$850$262
23 years$2,179$1,701$1,314$1,005$763$220
24 years$2,066$1,594$1,215$917$686$185
25 years$1,962$1,496$1,125$837$617$155
26 years$1,866$1,406$1,044$765$556$131
27 years$1,778$1,323$969$701$501$110
28 years$1,696$1,246$901$642$452$93
29 years$1,620$1,176$838$589$408$78
30 years$1,549$1,111$781$540$369$66
31 years$1,483$1,050$728$496$334$55
32 years$1,421$993$679$456$302$47
33 years$1,363$941$634$419$273$39
34 years$1,308$892$593$386$247$33
35 years$1,257$846$554$355$224$28
36 years$1,209$803$518$327$203$24
37 years$1,163$762$485$301$184$20
38 years$1,120$724$454$278$167$17
39 years$1,079$689$426$256$151$14
40 years$1,040$655$399$236$137$12
41 years$1,004$624$374$218$124$10
42 years$969$594$351$201$113$8
43 years$936$566$329$186$102$7
44 years$904$540$309$171$93$6
45 years$874$515$290$158$84$5
46 years$845$491$273$146$77$4
47 years$818$468$256$135$70$4
48 years$792$447$241$125$63$3
49 years$767$427$226$115$57$3
50 years$743$408$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $761,000, adding $4,859 every year, while hoping to spend $42,385 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: 61/11/28 Blend
56$761,000$761,000$761,000$761,000
57$843,634$803,301$791,506$888,461
58$884,587$797,565$772,924$913,809
59$928,297$790,128$752,299$936,475
60$975,001$780,861$729,518$960,321
61$1,024,956$769,629$704,462$985,471
62$1,078,448$756,287$677,007$1,012,065
63$1,135,788$740,683$647,025$1,040,257
64$1,197,317$722,656$614,380$1,070,219
65$1,263,412$702,034$578,930$1,102,143
66$1,334,483$678,637$540,527$1,136,241
67$1,410,982$652,273$499,017$1,172,752
68$1,493,407$622,739$454,239$1,211,938
69$1,582,302$589,820$406,023$1,254,093
70$1,678,266$553,291$354,194$1,299,543
71$1,781,958$512,910$298,568$1,348,648
72$1,894,099$468,425$238,952$1,401,811
73$2,015,487$419,567$175,147$1,459,477
74$2,146,994$366,053$106,941$1,522,141
75$2,289,581$307,584$34,118$1,590,350
76$2,444,306$243,843$0$1,664,713
77$2,612,329$174,495$0$1,758,929
78$2,794,931$99,189$0$1,872,444
79$2,993,516$17,552$0$1,995,955
80$3,209,632$0$0$2,130,458
81$3,444,982$0$0$2,285,619
82$3,701,438$0$0$2,457,064
83$3,981,063$0$0$2,644,053
84$4,286,124$0$0$2,848,110
85$4,619,120$0$0$3,070,914
86$4,982,800$0$0$3,314,311
87$5,380,190$0$0$3,580,335
88$5,814,622$0$0$3,871,224
89$6,289,763$0$0$4,189,443
90$6,809,654$0$0$4,537,706
91$7,378,741$0$0$4,919,002
92$8,001,922$0$0$5,336,621
93$8,684,590$0$0$5,794,187
94$9,432,683$0$0$6,295,692
95$10,252,744$0$0$6,845,531
96$11,151,975$0$0$7,448,545
97$12,138,312$0$0$8,110,067
98$13,220,493$0$0$8,835,970
99$14,408,145$0$0$9,632,724
100$15,711,871$0$0$10,507,454