Can I retire at age 57 with 764,000?

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 $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%15.8%
1 years$63,090$62,528$61,980$61,445$60,922$59,474
2 years$31,233$30,651$30,087$29,541$29,011$27,560
3 years$20,615$20,031$19,469$18,927$18,406$16,998
4 years$15,307$14,725$14,168$13,636$13,127$11,773
5 years$12,123$11,544$10,995$10,474$9,979$8,682
6 years$10,001$9,427$8,886$8,376$7,896$6,658
7 years$8,486$7,917$7,384$6,886$6,422$5,243
8 years$7,351$6,786$6,262$5,777$5,327$4,207
9 years$6,468$5,908$5,394$4,920$4,486$3,424
10 years$5,762$5,208$4,702$4,242$3,823$2,817
11 years$5,185$4,636$4,140$3,691$3,288$2,337
12 years$4,704$4,161$3,674$3,238$2,849$1,952
13 years$4,298$3,761$3,282$2,859$2,484$1,639
14 years$3,950$3,418$2,949$2,537$2,178$1,383
15 years$3,648$3,123$2,663$2,263$1,917$1,170
16 years$3,385$2,865$2,414$2,026$1,695$994
17 years$3,153$2,639$2,197$1,821$1,503$846
18 years$2,946$2,438$2,005$1,641$1,336$722
19 years$2,762$2,260$1,836$1,483$1,191$617
20 years$2,597$2,100$1,685$1,343$1,064$528
21 years$2,447$1,956$1,550$1,219$952$452
22 years$2,311$1,826$1,428$1,108$853$388
23 years$2,187$1,708$1,319$1,009$766$333
24 years$2,074$1,600$1,220$920$688$286
25 years$1,970$1,501$1,130$840$619$246
26 years$1,874$1,411$1,048$769$558$212
27 years$1,785$1,328$973$703$503$182
28 years$1,703$1,251$904$644$454$157
29 years$1,626$1,181$842$591$410$135
30 years$1,555$1,115$784$542$370$117
31 years$1,489$1,054$731$498$335$101
32 years$1,427$997$682$458$303$87
33 years$1,368$944$637$421$274$75
34 years$1,313$895$595$387$248$65
35 years$1,262$849$556$357$225$56
36 years$1,213$806$520$328$204$48
37 years$1,168$765$487$303$185$41
38 years$1,124$727$456$279$167$36
39 years$1,083$692$427$257$152$31
40 years$1,045$658$400$237$138$27
41 years$1,008$626$376$219$125$23
42 years$973$597$352$202$113$20
43 years$939$568$331$186$103$17
44 years$908$542$310$172$93$15
45 years$878$517$291$159$85$13
46 years$849$493$274$147$77$11
47 years$821$470$257$136$70$10
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 $2,488 every year, while hoping to spend $24,441 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: 84/7/9 Blend
56$764,000$764,000$764,000$764,000
57$844,494$804,002$792,160$914,216
58$904,628$817,393$792,693$973,545
59$970,076$830,622$792,424$1,035,151
60$1,041,354$843,653$791,301$1,102,062
61$1,119,032$856,451$789,269$1,174,797
62$1,203,733$868,977$786,269$1,253,928
63$1,296,147$881,190$782,242$1,340,081
64$1,397,030$893,045$777,124$1,433,949
65$1,507,217$904,494$770,847$1,536,294
66$1,627,625$915,486$763,342$1,647,956
67$1,759,264$925,966$754,536$1,769,860
68$1,903,248$935,878$744,352$1,903,023
69$2,060,802$945,158$732,710$2,048,569
70$2,233,273$953,741$719,526$2,207,732
71$2,422,149$961,555$704,711$2,381,876
72$2,629,063$968,527$688,174$2,572,499
73$2,855,819$974,576$669,819$2,781,255
74$3,104,399$979,616$649,545$3,009,965
75$3,376,988$983,559$627,245$3,260,635
76$3,675,994$986,306$602,811$3,535,476
77$4,004,067$987,757$576,127$3,836,923
78$4,364,127$987,802$547,072$4,167,660
79$4,759,390$986,326$515,521$4,530,644
80$5,193,398$983,206$481,341$4,929,133
81$5,670,054$978,313$444,396$5,366,718
82$6,193,658$971,509$404,542$5,847,355
83$6,768,945$962,647$361,628$6,375,403
84$7,401,133$951,572$315,497$6,955,666
85$8,095,969$938,119$265,987$7,593,438
86$8,859,785$922,115$212,926$8,294,552
87$9,699,559$903,374$156,134$9,065,435
88$10,622,977$881,702$95,427$9,913,171
89$11,638,505$856,890$30,609$10,845,566
90$12,755,476$828,721$0$11,871,222
91$13,984,167$796,961$0$13,003,320
92$15,335,905$761,365$0$14,251,981
93$16,823,169$721,674$0$15,625,795
94$18,459,709$677,612$0$17,137,470
95$20,260,674$628,890$0$18,801,007
96$22,242,756$575,199$0$20,631,836
97$24,424,349$516,216$0$22,646,960
98$26,825,719$451,596$0$24,865,113
99$29,469,196$380,978$0$27,306,938
100$32,379,387$303,979$0$29,995,187