Can I retire at age 57 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$63,173$62,610$62,061$61,525$61,002$59,407
2 years$31,274$30,691$30,127$29,580$29,049$27,452
3 years$20,642$20,057$19,494$18,952$18,430$16,882
4 years$15,327$14,744$14,187$13,654$13,144$11,658
5 years$12,139$11,560$11,009$10,487$9,992$8,570
6 years$10,015$9,439$8,897$8,387$7,906$6,551
7 years$8,498$7,927$7,394$6,895$6,430$5,141
8 years$7,360$6,795$6,270$5,784$5,334$4,111
9 years$6,476$5,916$5,401$4,927$4,492$3,334
10 years$5,769$5,215$4,708$4,247$3,828$2,732
11 years$5,191$4,642$4,145$3,696$3,292$2,258
12 years$4,710$4,167$3,679$3,242$2,853$1,879
13 years$4,303$3,766$3,287$2,862$2,488$1,571
14 years$3,955$3,423$2,953$2,541$2,181$1,320
15 years$3,653$3,127$2,666$2,266$1,920$1,113
16 years$3,389$2,869$2,417$2,029$1,697$941
17 years$3,157$2,642$2,200$1,823$1,505$797
18 years$2,950$2,441$2,008$1,643$1,338$677
19 years$2,766$2,263$1,838$1,484$1,192$576
20 years$2,600$2,103$1,687$1,344$1,065$491
21 years$2,450$1,958$1,552$1,220$953$419
22 years$2,314$1,828$1,430$1,109$854$358
23 years$2,190$1,710$1,321$1,010$767$306
24 years$2,077$1,602$1,221$922$689$261
25 years$1,972$1,503$1,131$842$620$224
26 years$1,876$1,413$1,049$770$559$192
27 years$1,787$1,330$974$704$504$164
28 years$1,705$1,253$906$645$455$141
29 years$1,628$1,182$843$592$410$121
30 years$1,557$1,116$785$543$371$103
31 years$1,491$1,055$732$499$335$89
32 years$1,428$999$683$458$303$76
33 years$1,370$946$638$422$274$65
34 years$1,315$896$596$388$249$56
35 years$1,264$850$557$357$225$48
36 years$1,215$807$521$329$204$41
37 years$1,169$766$488$303$185$35
38 years$1,126$728$457$279$168$30
39 years$1,085$693$428$257$152$26
40 years$1,046$659$401$237$138$22
41 years$1,009$627$376$219$125$19
42 years$974$597$353$202$113$17
43 years$941$569$331$187$103$14
44 years$909$542$311$172$93$12
45 years$879$517$292$159$85$11
46 years$850$493$274$147$77$9
47 years$822$471$257$136$70$8
48 years$796$450$242$126$64$7
49 years$771$429$227$116$58$6
50 years$747$410$214$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $765,000, adding $4,008 every year, while hoping to spend $58,767 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: 36/44/20 Blend
56$765,000$765,000$765,000$765,000
57$847,164$806,619$794,762$872,399
58$871,047$783,616$758,859$868,167
59$895,397$757,516$719,783$857,831
60$920,199$728,105$677,367$845,460
61$945,434$695,158$631,434$830,906
62$971,082$658,434$581,801$814,013
63$997,117$617,682$528,275$794,612
64$1,023,506$572,632$470,656$772,528
65$1,050,216$523,002$408,735$747,572
66$1,077,202$468,494$342,292$719,545
67$1,104,417$408,790$271,099$688,233
68$1,131,803$343,557$194,917$653,411
69$1,159,298$272,442$113,497$614,840
70$1,186,826$195,072$26,579$572,264
71$1,214,305$111,053$0$525,413
72$1,241,639$19,969$0$488,120
73$1,268,720$0$0$452,929
74$1,295,427$0$0$451,964
75$1,321,624$0$0$460,405
76$1,347,155$0$0$468,520
77$1,371,848$0$0$476,240
78$1,395,510$0$0$483,485
79$1,417,922$0$0$490,167
80$1,438,843$0$0$496,188
81$1,458,001$0$0$501,437
82$1,475,093$0$0$505,793
83$1,489,783$0$0$509,120
84$1,501,695$0$0$511,265
85$1,510,410$0$0$512,061
86$1,515,463$0$0$511,321
87$1,516,338$0$0$508,836
88$1,512,461$0$0$504,377
89$1,503,194$0$0$497,688
90$1,487,831$0$0$488,485
91$1,465,587$0$0$476,455
92$1,435,593$0$0$461,249
93$1,396,885$0$0$442,482
94$1,348,398$0$0$419,728
95$1,288,949$0$0$392,515
96$1,217,232$0$0$360,320
97$1,131,799$0$0$322,565
98$1,031,049$0$0$278,613
99$913,214$0$0$227,757
100$776,334$0$0$169,216