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%14.5%
1 years$63,008$62,447$61,899$61,365$60,843$59,712
2 years$31,192$30,611$30,048$29,502$28,973$27,838
3 years$20,588$20,005$19,443$18,902$18,381$17,278
4 years$15,287$14,706$14,150$13,618$13,110$12,046
5 years$12,107$11,529$10,981$10,460$9,966$8,944
6 years$9,988$9,415$8,874$8,365$7,886$6,908
7 years$8,475$7,906$7,374$6,877$6,413$5,480
8 years$7,341$6,777$6,254$5,769$5,320$4,431
9 years$6,459$5,901$5,387$4,914$4,480$3,634
10 years$5,754$5,201$4,696$4,236$3,818$3,014
11 years$5,178$4,630$4,134$3,687$3,283$2,521
12 years$4,698$4,156$3,669$3,234$2,845$2,123
13 years$4,292$3,756$3,278$2,855$2,481$1,799
14 years$3,944$3,414$2,945$2,534$2,175$1,531
15 years$3,643$3,119$2,659$2,260$1,915$1,307
16 years$3,380$2,861$2,411$2,024$1,692$1,120
17 years$3,148$2,635$2,194$1,818$1,501$963
18 years$2,943$2,435$2,003$1,639$1,334$829
19 years$2,759$2,257$1,834$1,481$1,189$715
20 years$2,593$2,097$1,683$1,341$1,062$618
21 years$2,444$1,953$1,548$1,217$951$535
22 years$2,308$1,823$1,426$1,107$852$464
23 years$2,184$1,705$1,317$1,008$765$402
24 years$2,071$1,598$1,218$919$688$349
25 years$1,967$1,499$1,128$839$619$304
26 years$1,871$1,409$1,046$767$557$264
27 years$1,783$1,326$972$703$502$230
28 years$1,701$1,250$903$644$453$200
29 years$1,624$1,179$841$590$409$174
30 years$1,553$1,113$783$542$370$152
31 years$1,487$1,053$730$497$334$132
32 years$1,425$996$681$457$302$115
33 years$1,366$943$636$420$274$100
34 years$1,312$894$594$387$248$88
35 years$1,260$848$555$356$224$76
36 years$1,212$805$520$328$203$67
37 years$1,166$764$486$302$184$58
38 years$1,123$726$455$279$167$51
39 years$1,082$691$427$257$152$44
40 years$1,043$657$400$237$137$39
41 years$1,006$626$375$219$125$34
42 years$971$596$352$202$113$29
43 years$938$568$330$186$103$26
44 years$907$541$310$172$93$22
45 years$876$516$291$159$85$20
46 years$848$492$273$147$77$17
47 years$820$470$257$135$70$15
48 years$794$448$241$125$63$13
49 years$769$428$227$116$58$11
50 years$745$409$213$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $763,000, adding $4,921 every year, while hoping to spend $30,138 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: 39/36/25 Blend
56$763,000$763,000$763,000$763,000
57$845,902$805,463$793,637$872,449
58$900,117$812,864$788,157$899,572
59$958,853$819,618$781,483$925,708
60$1,022,537$825,660$773,544$953,378
61$1,091,642$830,924$764,265$982,739
62$1,166,688$835,338$753,566$1,013,967
63$1,248,245$838,824$741,365$1,047,258
64$1,336,941$841,301$727,575$1,082,828
65$1,433,467$842,683$712,108$1,120,919
66$1,538,584$842,878$694,866$1,161,797
67$1,653,128$841,788$675,753$1,205,761
68$1,778,021$839,309$654,664$1,253,140
69$1,914,275$835,331$631,492$1,304,301
70$2,063,007$829,738$606,122$1,359,649
71$2,225,443$822,405$578,437$1,419,635
72$2,402,936$813,201$548,313$1,484,758
73$2,596,974$801,986$515,620$1,555,573
74$2,809,196$788,614$480,223$1,632,692
75$3,041,405$772,927$441,982$1,716,795
76$3,295,589$754,760$400,748$1,808,636
77$3,573,933$733,938$356,368$1,909,049
78$3,878,848$710,275$308,680$2,018,958
79$4,212,986$683,574$257,516$2,139,385
80$4,579,269$653,627$202,701$2,271,461
81$4,980,914$620,215$144,052$2,416,440
82$5,421,466$583,104$81,376$2,575,707
83$5,904,827$542,048$14,474$2,750,796
84$6,435,298$496,787$0$2,943,403
85$7,017,615$447,046$0$3,170,586
86$7,656,995$392,534$0$3,424,343
87$8,359,184$332,943$0$3,703,163
88$9,130,513$267,950$0$4,009,643
89$9,977,957$197,211$0$4,346,650
90$10,909,198$120,364$0$4,717,349
91$11,932,701$37,027$0$5,125,234
92$13,057,790$0$0$5,574,158
93$14,294,739$0$0$6,089,453
94$15,654,866$0$0$6,672,303
95$17,150,640$0$0$7,313,398
96$18,795,802$0$0$8,018,641
97$20,605,487$0$0$8,794,535
98$22,596,375$0$0$9,648,248
99$24,786,840$0$0$10,587,675
100$27,197,131$0$0$11,621,516