Can I retire at age 57 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$62,925$62,365$61,818$61,284$60,763$58,983
2 years$31,151$30,571$30,009$29,464$28,935$27,156
3 years$20,561$19,978$19,418$18,878$18,357$16,636
4 years$15,267$14,686$14,131$13,600$13,093$11,441
5 years$12,092$11,514$10,966$10,446$9,953$8,376
6 years$9,975$9,402$8,862$8,354$7,875$6,374
7 years$8,464$7,896$7,365$6,868$6,405$4,980
8 years$7,331$6,768$6,246$5,762$5,313$3,963
9 years$6,451$5,893$5,380$4,908$4,475$3,198
10 years$5,747$5,194$4,690$4,230$3,813$2,608
11 years$5,171$4,624$4,129$3,682$3,279$2,145
12 years$4,692$4,151$3,664$3,229$2,841$1,775
13 years$4,286$3,751$3,274$2,851$2,478$1,476
14 years$3,939$3,409$2,942$2,531$2,172$1,233
15 years$3,639$3,115$2,656$2,257$1,912$1,034
16 years$3,376$2,858$2,408$2,021$1,690$869
17 years$3,144$2,632$2,191$1,816$1,499$732
18 years$2,939$2,432$2,000$1,636$1,333$618
19 years$2,755$2,254$1,831$1,479$1,188$523
20 years$2,590$2,094$1,680$1,339$1,061$443
21 years$2,441$1,951$1,546$1,215$949$375
22 years$2,305$1,821$1,425$1,105$851$319
23 years$2,181$1,703$1,315$1,006$764$271
24 years$2,068$1,596$1,217$918$687$230
25 years$1,965$1,497$1,127$838$618$196
26 years$1,869$1,407$1,045$766$557$166
27 years$1,780$1,325$970$702$502$142
28 years$1,698$1,248$902$643$453$121
29 years$1,622$1,177$839$589$409$103
30 years$1,551$1,112$782$541$369$88
31 years$1,485$1,051$729$497$334$75
32 years$1,423$995$680$457$302$64
33 years$1,365$942$635$420$273$54
34 years$1,310$893$593$386$248$46
35 years$1,259$847$555$356$224$39
36 years$1,210$804$519$328$203$34
37 years$1,165$763$486$302$184$29
38 years$1,121$725$455$278$167$24
39 years$1,080$690$426$256$151$21
40 years$1,042$656$399$237$137$18
41 years$1,005$625$375$218$125$15
42 years$970$595$351$201$113$13
43 years$937$567$330$186$103$11
44 years$905$540$309$172$93$9
45 years$875$515$291$159$85$8
46 years$847$492$273$146$77$7
47 years$819$469$256$135$70$6
48 years$793$448$241$125$63$5
49 years$768$428$226$116$57$4
50 years$744$409$213$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $762,000, adding $4,853 every year, while hoping to spend $37,058 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: 73/19/8 Blend
56$762,000$762,000$762,000$762,000
57$844,730$804,344$792,533$904,959
58$891,463$804,327$779,653$945,327
59$941,721$803,068$765,100$984,411
60$995,824$800,466$748,778$1,026,177
61$1,054,123$796,414$730,588$1,070,880
62$1,117,007$790,801$710,426$1,118,799
63$1,184,898$783,507$688,182$1,170,243
64$1,258,264$774,405$663,742$1,225,554
65$1,337,617$763,362$636,988$1,285,107
66$1,423,521$750,233$607,794$1,349,316
67$1,516,596$734,870$576,031$1,418,640
68$1,617,522$717,112$541,561$1,493,584
69$1,727,049$696,790$504,243$1,574,704
70$1,846,001$673,726$463,928$1,662,617
71$1,975,283$647,729$420,460$1,758,000
72$2,115,894$618,600$373,677$1,861,603
73$2,268,930$586,126$323,410$1,974,252
74$2,435,598$550,083$269,481$2,096,857
75$2,617,226$510,234$211,706$2,230,427
76$2,815,275$466,327$149,890$2,376,070
77$3,031,355$418,099$83,833$2,535,011
78$3,267,236$365,269$13,325$2,708,603
79$3,524,868$307,541$0$2,898,335
80$3,806,395$244,602$0$3,111,138
81$4,114,182$176,121$0$3,345,101
82$4,450,827$101,750$0$3,601,105
83$4,819,196$21,121$0$3,881,383
84$5,222,442$0$0$4,188,393
85$5,664,037$0$0$4,538,679
86$6,147,806$0$0$4,927,290
87$6,677,959$0$0$5,353,198
88$7,259,134$0$0$5,820,134
89$7,896,440$0$0$6,332,205
90$8,595,503$0$0$6,893,938
91$9,362,519$0$0$7,510,317
92$10,204,315$0$0$8,186,832
93$11,128,409$0$0$8,929,531
94$12,143,083$0$0$9,745,077
95$13,257,460$0$0$10,640,807
96$14,481,591$0$0$11,624,806
97$15,826,547$0$0$12,705,980
98$17,304,525$0$0$13,894,140
99$18,928,963$0$0$15,200,096
100$20,714,663$0$0$16,635,754