Can I retire at age 57 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$63,008$62,447$61,899$61,365$60,843$59,835
2 years$31,192$30,611$30,048$29,502$28,973$27,960
3 years$20,588$20,005$19,443$18,902$18,381$17,396
4 years$15,287$14,706$14,150$13,618$13,110$12,159
5 years$12,107$11,529$10,981$10,460$9,966$9,052
6 years$9,988$9,415$8,874$8,365$7,886$7,010
7 years$8,475$7,906$7,374$6,877$6,413$5,576
8 years$7,341$6,777$6,254$5,769$5,320$4,522
9 years$6,459$5,901$5,387$4,914$4,480$3,720
10 years$5,754$5,201$4,696$4,236$3,818$3,094
11 years$5,178$4,630$4,134$3,687$3,283$2,596
12 years$4,698$4,156$3,669$3,234$2,845$2,194
13 years$4,292$3,756$3,278$2,855$2,481$1,865
14 years$3,944$3,414$2,945$2,534$2,175$1,592
15 years$3,643$3,119$2,659$2,260$1,915$1,365
16 years$3,380$2,861$2,411$2,024$1,692$1,174
17 years$3,148$2,635$2,194$1,818$1,501$1,012
18 years$2,943$2,435$2,003$1,639$1,334$875
19 years$2,759$2,257$1,834$1,481$1,189$758
20 years$2,593$2,097$1,683$1,341$1,062$657
21 years$2,444$1,953$1,548$1,217$951$571
22 years$2,308$1,823$1,426$1,107$852$497
23 years$2,184$1,705$1,317$1,008$765$433
24 years$2,071$1,598$1,218$919$688$377
25 years$1,967$1,499$1,128$839$619$329
26 years$1,871$1,409$1,046$767$557$287
27 years$1,783$1,326$972$703$502$251
28 years$1,701$1,250$903$644$453$219
29 years$1,624$1,179$841$590$409$192
30 years$1,553$1,113$783$542$370$168
31 years$1,487$1,053$730$497$334$147
32 years$1,425$996$681$457$302$128
33 years$1,366$943$636$420$274$112
34 years$1,312$894$594$387$248$98
35 years$1,260$848$555$356$224$86
36 years$1,212$805$520$328$203$76
37 years$1,166$764$486$302$184$66
38 years$1,123$726$455$279$167$58
39 years$1,082$691$427$257$152$51
40 years$1,043$657$400$237$137$45
41 years$1,006$626$375$219$125$39
42 years$971$596$352$202$113$34
43 years$938$568$330$186$103$30
44 years$907$541$310$172$93$26
45 years$876$516$291$159$85$23
46 years$848$492$273$147$77$20
47 years$820$470$257$135$70$18
48 years$794$448$241$125$63$16
49 years$769$428$227$116$58$14
50 years$745$409$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $763,000, adding $6,780 every year, while hoping to spend $53,550 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: 58/30/12 Blend
56$763,000$763,000$763,000$763,000
57$847,820$807,381$795,554$894,095
58$877,320$789,965$765,228$908,691
59$908,036$769,902$732,092$918,039
60$940,032$747,005$695,994$926,952
61$973,383$721,075$656,777$935,393
62$1,008,166$691,906$614,277$943,328
63$1,044,465$659,275$568,322$950,719
64$1,082,370$622,950$518,730$957,528
65$1,121,980$582,682$465,316$963,717
66$1,163,401$538,212$407,883$969,247
67$1,206,746$489,263$346,225$974,079
68$1,252,139$435,542$280,129$978,175
69$1,299,715$376,742$209,371$981,494
70$1,349,620$312,536$133,719$984,000
71$1,402,011$242,580$52,928$985,654
72$1,457,060$166,510$0$986,421
73$1,514,953$83,942$0$990,528
74$1,575,893$0$0$1,001,190
75$1,640,102$0$0$1,013,454
76$1,707,818$0$0$1,055,639
77$1,779,306$0$0$1,100,199
78$1,854,849$0$0$1,147,316
79$1,934,761$0$0$1,197,188
80$2,019,382$0$0$1,250,032
81$2,109,083$0$0$1,306,084
82$2,204,270$0$0$1,365,603
83$2,305,389$0$0$1,428,870
84$2,412,925$0$0$1,496,197
85$2,527,409$0$0$1,567,920
86$2,649,425$0$0$1,644,411
87$2,779,609$0$0$1,726,077
88$2,918,660$0$0$1,813,360
89$3,067,343$0$0$1,906,751
90$3,226,498$0$0$2,006,783
91$3,397,045$0$0$2,114,042
92$3,579,993$0$0$2,229,173
93$3,776,450$0$0$2,352,882
94$3,987,632$0$0$2,485,943
95$4,214,872$0$0$2,629,208
96$4,459,637$0$0$2,783,611
97$4,723,536$0$0$2,950,180
98$5,008,336$0$0$3,130,042
99$5,315,980$0$0$3,324,437
100$5,648,603$0$0$3,534,727