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%13.9%
1 years$63,008$62,447$61,899$61,365$60,843$59,859
2 years$31,192$30,611$30,048$29,502$28,973$27,985
3 years$20,588$20,005$19,443$18,902$18,381$17,420
4 years$15,287$14,706$14,150$13,618$13,110$12,181
5 years$12,107$11,529$10,981$10,460$9,966$9,074
6 years$9,988$9,415$8,874$8,365$7,886$7,031
7 years$8,475$7,906$7,374$6,877$6,413$5,596
8 years$7,341$6,777$6,254$5,769$5,320$4,540
9 years$6,459$5,901$5,387$4,914$4,480$3,737
10 years$5,754$5,201$4,696$4,236$3,818$3,111
11 years$5,178$4,630$4,134$3,687$3,283$2,612
12 years$4,698$4,156$3,669$3,234$2,845$2,209
13 years$4,292$3,756$3,278$2,855$2,481$1,878
14 years$3,944$3,414$2,945$2,534$2,175$1,605
15 years$3,643$3,119$2,659$2,260$1,915$1,377
16 years$3,380$2,861$2,411$2,024$1,692$1,185
17 years$3,148$2,635$2,194$1,818$1,501$1,022
18 years$2,943$2,435$2,003$1,639$1,334$884
19 years$2,759$2,257$1,834$1,481$1,189$766
20 years$2,593$2,097$1,683$1,341$1,062$665
21 years$2,444$1,953$1,548$1,217$951$579
22 years$2,308$1,823$1,426$1,107$852$504
23 years$2,184$1,705$1,317$1,008$765$439
24 years$2,071$1,598$1,218$919$688$383
25 years$1,967$1,499$1,128$839$619$334
26 years$1,871$1,409$1,046$767$557$292
27 years$1,783$1,326$972$703$502$255
28 years$1,701$1,250$903$644$453$223
29 years$1,624$1,179$841$590$409$195
30 years$1,553$1,113$783$542$370$171
31 years$1,487$1,053$730$497$334$150
32 years$1,425$996$681$457$302$131
33 years$1,366$943$636$420$274$115
34 years$1,312$894$594$387$248$101
35 years$1,260$848$555$356$224$88
36 years$1,212$805$520$328$203$78
37 years$1,166$764$486$302$184$68
38 years$1,123$726$455$279$167$60
39 years$1,082$691$427$257$152$52
40 years$1,043$657$400$237$137$46
41 years$1,006$626$375$219$125$40
42 years$971$596$352$202$113$35
43 years$938$568$330$186$103$31
44 years$907$541$310$172$93$27
45 years$876$516$291$159$85$24
46 years$848$492$273$147$77$21
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 $6,719 every year, while hoping to spend $29,571 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: 40/42/18 Blend
56$763,000$763,000$763,000$763,000
57$847,757$807,318$795,491$876,897
58$902,765$815,413$790,677$906,404
59$962,392$822,914$784,710$934,949
60$1,027,079$829,760$777,521$965,211
61$1,097,310$835,887$769,037$997,361
62$1,173,617$841,226$759,181$1,031,589
63$1,256,585$845,705$747,872$1,068,107
64$1,346,858$849,247$735,028$1,107,148
65$1,445,146$851,768$720,559$1,148,973
66$1,552,227$853,181$704,374$1,193,869
67$1,668,960$853,393$686,377$1,242,156
68$1,796,290$852,305$666,467$1,294,188
69$1,935,257$849,813$644,538$1,350,358
70$2,087,003$845,804$620,481$1,411,101
71$2,252,790$840,161$594,179$1,476,898
72$2,434,004$832,758$565,514$1,548,283
73$2,632,172$823,463$534,358$1,625,847
74$2,848,975$812,134$500,580$1,710,245
75$3,086,264$798,622$464,043$1,802,201
76$3,346,077$782,768$424,602$1,902,518
77$3,630,659$764,406$382,109$2,012,084
78$3,942,482$743,358$336,405$2,131,880
79$4,284,267$719,435$287,327$2,262,993
80$4,659,014$692,439$234,704$2,406,626
81$5,070,025$662,159$178,358$2,564,109
82$5,520,935$628,373$118,101$2,736,912
83$6,015,753$590,846$53,739$2,926,661
84$6,558,890$549,327$0$3,135,154
85$7,155,207$503,554$0$3,367,248
86$7,810,058$453,249$0$3,633,472
87$8,529,343$398,116$0$3,925,962
88$9,319,558$337,846$0$4,247,446
89$10,187,862$272,110$0$4,600,935
90$11,142,141$200,561$0$4,989,750
91$12,191,083$122,832$0$5,417,561
92$13,344,259$38,536$0$5,888,414
93$14,612,213$0$0$6,406,779
94$16,006,565$0$0$7,001,958
95$17,540,114$0$0$7,676,254
96$19,226,962$0$0$8,418,070
97$21,082,648$0$0$9,234,256
98$23,124,292$0$0$10,132,354
99$25,370,756$0$0$11,120,680
100$27,842,826$0$0$12,208,392