Can I retire at age 57 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$63,090$62,528$61,980$61,445$60,922$59,450
2 years$31,233$30,651$30,087$29,541$29,011$27,536
3 years$20,615$20,031$19,469$18,927$18,406$16,975
4 years$15,307$14,725$14,168$13,636$13,127$11,751
5 years$12,123$11,544$10,995$10,474$9,979$8,662
6 years$10,001$9,427$8,886$8,376$7,896$6,639
7 years$8,486$7,917$7,384$6,886$6,422$5,225
8 years$7,351$6,786$6,262$5,777$5,327$4,190
9 years$6,468$5,908$5,394$4,920$4,486$3,408
10 years$5,762$5,208$4,702$4,242$3,823$2,802
11 years$5,185$4,636$4,140$3,691$3,288$2,323
12 years$4,704$4,161$3,674$3,238$2,849$1,939
13 years$4,298$3,761$3,282$2,859$2,484$1,627
14 years$3,950$3,418$2,949$2,537$2,178$1,372
15 years$3,648$3,123$2,663$2,263$1,917$1,160
16 years$3,385$2,865$2,414$2,026$1,695$985
17 years$3,153$2,639$2,197$1,821$1,503$838
18 years$2,946$2,438$2,005$1,641$1,336$714
19 years$2,762$2,260$1,836$1,483$1,191$610
20 years$2,597$2,100$1,685$1,343$1,064$521
21 years$2,447$1,956$1,550$1,219$952$447
22 years$2,311$1,826$1,428$1,108$853$383
23 years$2,187$1,708$1,319$1,009$766$328
24 years$2,074$1,600$1,220$920$688$282
25 years$1,970$1,501$1,130$840$619$242
26 years$1,874$1,411$1,048$769$558$208
27 years$1,785$1,328$973$703$503$179
28 years$1,703$1,251$904$644$454$154
29 years$1,626$1,181$842$591$410$133
30 years$1,555$1,115$784$542$370$114
31 years$1,489$1,054$731$498$335$99
32 years$1,427$997$682$458$303$85
33 years$1,368$944$637$421$274$73
34 years$1,313$895$595$387$248$63
35 years$1,262$849$556$357$225$54
36 years$1,213$806$520$328$204$47
37 years$1,168$765$487$303$185$40
38 years$1,124$727$456$279$167$35
39 years$1,083$692$427$257$152$30
40 years$1,045$658$400$237$138$26
41 years$1,008$626$376$219$125$22
42 years$973$597$352$202$113$19
43 years$939$568$331$186$103$17
44 years$908$542$310$172$93$14
45 years$878$517$291$159$85$12
46 years$849$493$274$147$77$11
47 years$821$470$257$136$70$9
48 years$795$449$242$125$63$8
49 years$770$429$227$116$58$7
50 years$746$410$213$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $764,000, adding $6,712 every year, while hoping to spend $27,994 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: 55/38/7 Blend
56$764,000$764,000$764,000$764,000
57$848,851$808,359$796,517$893,808
58$905,649$818,184$793,415$934,753
59$967,301$827,551$789,271$975,627
60$1,034,275$836,410$784,020$1,019,446
61$1,107,081$844,704$777,595$1,066,492
62$1,186,284$852,375$769,925$1,117,079
63$1,272,503$859,360$760,936$1,171,553
64$1,366,421$865,591$750,550$1,230,293
65$1,468,789$870,998$738,686$1,293,722
66$1,580,432$875,504$725,259$1,362,304
67$1,702,261$879,028$710,180$1,436,551
68$1,835,276$881,484$693,355$1,517,029
69$1,980,578$882,782$674,687$1,604,362
70$2,139,383$882,823$654,074$1,699,240
71$2,313,023$881,505$631,410$1,802,424
72$2,502,971$878,718$606,581$1,914,752
73$2,710,846$874,347$579,473$2,037,153
74$2,938,429$868,267$549,963$2,170,648
75$3,187,685$860,348$517,922$2,316,366
76$3,460,775$850,452$483,219$2,475,553
77$3,760,081$838,431$445,714$2,649,584
78$4,088,225$824,130$405,261$2,839,975
79$4,448,095$807,383$361,708$3,048,400
80$4,842,872$788,016$314,897$3,276,706
81$5,276,060$765,844$264,661$3,526,932
82$5,751,519$740,670$210,827$3,801,326
83$6,273,499$712,289$153,216$4,102,369
84$6,846,684$680,479$91,636$4,432,798
85$7,476,232$645,009$25,893$4,795,634
86$8,167,827$605,633$0$5,194,208
87$8,927,728$562,093$0$5,635,503
88$9,762,833$514,112$0$6,122,545
89$10,680,740$461,401$0$6,657,888
90$11,689,820$403,654$0$7,246,483
91$12,799,294$340,546$0$7,893,791
92$14,019,324$271,734$0$8,605,834
93$15,361,103$196,858$0$9,389,252
94$16,836,966$115,534$0$10,251,369
95$18,460,502$27,360$0$11,200,259
96$20,246,682$0$0$12,244,829
97$22,212,004$0$0$13,423,369
98$24,374,643$0$0$14,732,906
99$26,754,628$0$0$16,174,137
100$29,374,025$0$0$17,760,435