Can I retire at age 57 with 762,000?

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 $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%14.2%
1 years$62,925$62,365$61,818$61,284$60,763$59,707
2 years$31,151$30,571$30,009$29,464$28,935$27,875
3 years$20,561$19,978$19,418$18,878$18,357$17,326
4 years$15,267$14,686$14,131$13,600$13,093$12,097
5 years$12,092$11,514$10,966$10,446$9,953$8,997
6 years$9,975$9,402$8,862$8,354$7,875$6,960
7 years$8,464$7,896$7,365$6,868$6,405$5,530
8 years$7,331$6,768$6,246$5,762$5,313$4,479
9 years$6,451$5,893$5,380$4,908$4,475$3,680
10 years$5,747$5,194$4,690$4,230$3,813$3,058
11 years$5,171$4,624$4,129$3,682$3,279$2,563
12 years$4,692$4,151$3,664$3,229$2,841$2,163
13 years$4,286$3,751$3,274$2,851$2,478$1,836
14 years$3,939$3,409$2,942$2,531$2,172$1,565
15 years$3,639$3,115$2,656$2,257$1,912$1,340
16 years$3,376$2,858$2,408$2,021$1,690$1,151
17 years$3,144$2,632$2,191$1,816$1,499$991
18 years$2,939$2,432$2,000$1,636$1,333$855
19 years$2,755$2,254$1,831$1,479$1,188$740
20 years$2,590$2,094$1,680$1,339$1,061$641
21 years$2,441$1,951$1,546$1,215$949$556
22 years$2,305$1,821$1,425$1,105$851$483
23 years$2,181$1,703$1,315$1,006$764$420
24 years$2,068$1,596$1,217$918$687$365
25 years$1,965$1,497$1,127$838$618$318
26 years$1,869$1,407$1,045$766$557$277
27 years$1,780$1,325$970$702$502$242
28 years$1,698$1,248$902$643$453$211
29 years$1,622$1,177$839$589$409$184
30 years$1,551$1,112$782$541$369$161
31 years$1,485$1,051$729$497$334$141
32 years$1,423$995$680$457$302$123
33 years$1,365$942$635$420$273$107
34 years$1,310$893$593$386$248$94
35 years$1,259$847$555$356$224$82
36 years$1,210$804$519$328$203$72
37 years$1,165$763$486$302$184$63
38 years$1,121$725$455$278$167$55
39 years$1,080$690$426$256$151$48
40 years$1,042$656$399$237$137$42
41 years$1,005$625$375$218$125$37
42 years$970$595$351$201$113$32
43 years$937$567$330$186$103$28
44 years$905$540$309$172$93$25
45 years$875$515$291$159$85$22
46 years$847$492$273$146$77$19
47 years$819$469$256$135$70$17
48 years$793$448$241$125$63$14
49 years$768$428$226$116$57$13
50 years$744$409$213$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $762,000, adding $5,809 every year, while hoping to spend $23,528 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: 43/40/17 Blend
56$762,000$762,000$762,000$762,000
57$845,716$805,330$793,519$877,670
58$906,945$819,758$795,068$915,156
59$973,632$834,103$795,881$952,973
60$1,046,307$848,339$795,907$993,445
61$1,125,555$862,433$795,096$1,036,827
62$1,212,022$876,352$793,391$1,083,401
63$1,306,415$890,061$790,737$1,133,478
64$1,409,516$903,520$787,073$1,187,400
65$1,522,183$916,689$782,337$1,245,548
66$1,645,363$929,524$776,462$1,308,339
67$1,780,096$941,977$769,380$1,376,234
68$1,927,530$953,997$761,018$1,449,744
69$2,088,926$965,532$751,300$1,529,430
70$2,265,676$976,522$740,148$1,615,914
71$2,459,310$986,907$727,478$1,709,880
72$2,671,515$996,620$713,204$1,812,085
73$2,904,147$1,005,592$697,234$1,923,363
74$3,159,252$1,013,748$679,473$2,044,635
75$3,439,082$1,021,009$659,822$2,176,919
76$3,746,120$1,027,289$638,177$2,321,337
77$4,083,097$1,032,499$614,429$2,479,126
78$4,453,024$1,036,543$588,464$2,651,652
79$4,859,217$1,039,318$560,162$2,840,425
80$5,305,330$1,040,717$529,400$3,047,107
81$5,795,386$1,040,625$496,047$3,273,534
82$6,333,818$1,038,919$459,968$3,521,732
83$6,925,511$1,035,469$421,020$3,793,935
84$7,575,844$1,030,138$379,055$4,092,611
85$8,290,744$1,022,779$333,918$4,420,478
86$9,076,743$1,013,238$285,447$4,780,538
87$9,941,035$1,001,351$233,473$5,176,101
88$10,891,546$986,942$177,820$5,610,821
89$11,937,009$969,828$118,303$6,088,724
90$13,087,048$949,813$54,730$6,614,256
91$14,352,263$926,690$0$7,192,318
92$15,744,335$900,240$0$7,830,695
93$17,276,135$870,229$0$8,543,721
94$18,961,844$836,414$0$9,328,073
95$20,817,087$798,533$0$10,191,047
96$22,859,081$756,312$0$11,140,686
97$25,106,795$709,459$0$12,185,855
98$27,581,133$657,668$0$13,336,332
99$30,305,127$600,612$0$14,602,892
100$33,304,156$537,948$0$15,997,419