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%15.9%
1 years$62,843$62,283$61,737$61,204$60,683$59,216
2 years$31,110$30,531$29,969$29,425$28,897$27,428
3 years$20,534$19,952$19,392$18,853$18,333$16,908
4 years$15,247$14,667$14,112$13,582$13,075$11,705
5 years$12,076$11,499$10,952$10,433$9,940$8,628
6 years$9,962$9,390$8,851$8,343$7,865$6,613
7 years$8,453$7,886$7,355$6,859$6,396$5,204
8 years$7,322$6,759$6,238$5,754$5,306$4,174
9 years$6,442$5,885$5,372$4,901$4,469$3,395
10 years$5,739$5,188$4,684$4,225$3,808$2,791
11 years$5,164$4,618$4,124$3,677$3,275$2,314
12 years$4,686$4,145$3,660$3,225$2,838$1,931
13 years$4,281$3,746$3,270$2,847$2,475$1,621
14 years$3,934$3,405$2,938$2,528$2,169$1,366
15 years$3,634$3,110$2,652$2,254$1,910$1,156
16 years$3,372$2,854$2,405$2,018$1,688$981
17 years$3,140$2,628$2,188$1,813$1,497$834
18 years$2,935$2,429$1,998$1,634$1,331$711
19 years$2,751$2,251$1,829$1,477$1,186$607
20 years$2,586$2,092$1,678$1,337$1,060$519
21 years$2,437$1,948$1,544$1,214$948$445
22 years$2,302$1,819$1,423$1,104$850$381
23 years$2,179$1,701$1,314$1,005$763$327
24 years$2,066$1,594$1,215$917$686$281
25 years$1,962$1,496$1,125$837$617$241
26 years$1,866$1,406$1,044$765$556$208
27 years$1,778$1,323$969$701$501$179
28 years$1,696$1,246$901$642$452$154
29 years$1,620$1,176$838$589$408$132
30 years$1,549$1,111$781$540$369$114
31 years$1,483$1,050$728$496$334$98
32 years$1,421$993$679$456$302$85
33 years$1,363$941$634$419$273$73
34 years$1,308$892$593$386$247$63
35 years$1,257$846$554$355$224$54
36 years$1,209$803$518$327$203$47
37 years$1,163$762$485$301$184$40
38 years$1,120$724$454$278$167$35
39 years$1,079$689$426$256$151$30
40 years$1,040$655$399$236$137$26
41 years$1,004$624$374$218$124$22
42 years$969$594$351$201$113$19
43 years$936$566$329$186$102$17
44 years$904$540$309$171$93$14
45 years$874$515$290$158$84$12
46 years$845$491$273$146$77$11
47 years$818$468$256$135$70$9
48 years$792$447$241$125$63$8
49 years$767$427$226$115$57$7
50 years$743$408$213$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $761,000, adding $2,339 every year, while hoping to spend $32,203 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: 81/12/7 Blend
56$761,000$761,000$761,000$761,000
57$841,035$800,702$788,906$908,371
58$892,556$805,672$781,071$957,751
59$948,254$809,807$771,894$1,007,423
60$1,008,520$813,031$761,296$1,060,957
61$1,073,784$815,265$749,194$1,118,723
62$1,144,521$816,424$735,503$1,181,127
63$1,221,251$816,418$720,131$1,248,616
64$1,304,547$815,151$702,984$1,321,682
65$1,395,039$812,521$683,963$1,400,869
66$1,493,420$808,422$662,963$1,486,772
67$1,600,454$802,739$639,876$1,580,052
68$1,716,977$795,351$614,590$1,681,434
69$1,843,914$786,129$586,984$1,791,716
70$1,982,281$774,936$556,935$1,911,781
71$2,133,195$761,630$524,314$2,042,597
72$2,297,888$746,056$488,985$2,185,235
73$2,477,712$728,053$450,806$2,340,873
74$2,674,161$707,449$409,630$2,510,810
75$2,888,874$684,063$365,301$2,696,478
76$3,123,659$657,702$317,659$2,899,453
77$3,380,506$628,163$266,534$3,121,474
78$3,661,606$595,232$211,751$3,364,457
79$3,969,371$558,679$153,126$3,630,515
80$4,306,458$518,266$90,467$3,921,973
81$4,675,793$473,737$23,574$4,241,398
82$5,080,597$424,823$0$4,591,616
83$5,524,419$371,241$0$4,979,315
84$6,011,167$312,689$0$5,406,469
85$6,545,147$248,851$0$5,875,119
86$7,131,098$179,392$0$6,389,453
87$7,774,245$103,956$0$6,954,091
88$8,480,340$22,172$0$7,574,119
89$9,255,719$0$0$8,255,145
90$10,107,365$0$0$9,012,110
91$11,042,966$0$0$9,846,934
92$12,070,996$0$0$10,764,251
93$13,200,786$0$0$11,772,392
94$14,442,619$0$0$12,880,533
95$15,807,822$0$0$14,098,787
96$17,308,877$0$0$15,438,293
97$18,959,531$0$0$16,911,324
98$20,774,934$0$0$18,531,401
99$22,771,777$0$0$20,313,422
100$24,968,448$0$0$22,273,801