Can I retire at age 57 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$58,961$58,436$57,924$57,424$56,935$54,893
2 years$29,189$28,645$28,118$27,608$27,112$25,077
3 years$19,266$18,720$18,194$17,688$17,201$15,237
4 years$14,305$13,761$13,241$12,744$12,268$10,389
5 years$11,330$10,789$10,275$9,788$9,326$7,538
6 years$9,347$8,810$8,304$7,828$7,379$5,683
7 years$7,931$7,399$6,901$6,436$6,001$4,397
8 years$6,870$6,342$5,852$5,399$4,979$3,465
9 years$6,044$5,522$5,041$4,598$4,193$2,767
10 years$5,385$4,867$4,395$3,964$3,572$2,233
11 years$4,845$4,333$3,869$3,450$3,072$1,816
12 years$4,396$3,889$3,434$3,026$2,662$1,486
13 years$4,016$3,515$3,068$2,671$2,322$1,222
14 years$3,691$3,195$2,756$2,371$2,035$1,009
15 years$3,409$2,918$2,489$2,115$1,792$835
16 years$3,163$2,678$2,256$1,894$1,584$694
17 years$2,946$2,466$2,053$1,701$1,404$577
18 years$2,754$2,279$1,874$1,533$1,249$481
19 years$2,581$2,112$1,716$1,385$1,113$402
20 years$2,427$1,962$1,575$1,255$994$336
21 years$2,287$1,828$1,448$1,139$890$281
22 years$2,160$1,706$1,335$1,035$797$235
23 years$2,044$1,596$1,233$943$716$197
24 years$1,938$1,495$1,140$860$643$165
25 years$1,841$1,403$1,056$785$579$139
26 years$1,751$1,319$979$718$521$116
27 years$1,668$1,241$909$657$470$98
28 years$1,591$1,169$845$602$424$82
29 years$1,520$1,103$787$552$383$69
30 years$1,453$1,042$733$507$346$58
31 years$1,391$985$683$466$313$49
32 years$1,333$932$637$428$283$41
33 years$1,279$883$595$393$256$34
34 years$1,227$837$556$362$232$29
35 years$1,179$793$520$333$210$24
36 years$1,134$753$486$307$190$20
37 years$1,091$715$455$283$173$17
38 years$1,051$680$426$261$156$14
39 years$1,012$646$399$240$142$12
40 years$976$615$374$222$129$10
41 years$942$585$351$205$117$9
42 years$909$557$329$189$106$7
43 years$878$531$309$174$96$6
44 years$848$506$290$161$87$5
45 years$820$483$272$149$79$4
46 years$793$461$256$137$72$4
47 years$768$440$240$127$65$3
48 years$743$420$226$117$59$3
49 years$720$401$212$108$54$2
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $714,000, adding $3,880 every year, while hoping to spend $21,248 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: 46/35/19 Blend
56$714,000$714,000$714,000$714,000
57$790,830$752,988$741,921$822,753
58$848,887$767,277$744,168$859,745
59$912,154$781,554$745,778$897,424
60$981,139$795,795$746,707$937,857
61$1,056,403$809,977$746,909$981,310
62$1,138,563$824,072$746,337$1,028,075
63$1,228,296$838,052$744,939$1,078,478
64$1,326,351$851,885$742,663$1,132,874
65$1,433,549$865,538$739,453$1,191,658
66$1,550,797$878,975$735,251$1,255,264
67$1,679,092$892,158$729,995$1,324,171
68$1,819,531$905,046$723,621$1,398,909
69$1,973,323$917,594$716,063$1,480,061
70$2,141,801$929,755$707,251$1,568,271
71$2,326,431$941,478$697,109$1,664,249
72$2,528,827$952,711$685,562$1,768,779
73$2,750,768$963,394$672,529$1,882,726
74$2,994,213$973,467$657,926$2,007,044
75$3,261,319$982,864$641,663$2,142,785
76$3,554,464$991,515$623,649$2,291,109
77$3,876,265$999,345$603,787$2,453,299
78$4,229,607$1,006,275$581,976$2,630,767
79$4,617,664$1,012,220$558,110$2,825,071
80$5,043,938$1,017,091$532,079$3,037,930
81$5,512,283$1,020,792$503,767$3,271,242
82$6,026,945$1,023,220$473,053$3,527,097
83$6,592,604$1,024,269$439,811$3,807,804
84$7,214,414$1,023,822$403,909$4,115,907
85$7,898,054$1,021,759$365,209$4,454,213
86$8,649,780$1,017,949$323,567$4,825,818
87$9,476,484$1,012,255$278,834$5,234,136
88$10,385,762$1,004,532$230,851$5,682,933
89$11,385,980$994,625$179,455$6,176,361
90$12,486,358$982,370$124,475$6,719,000
91$13,697,054$967,593$65,732$7,315,901
92$15,029,258$950,110$3,039$7,972,632
93$16,495,304$929,726$0$8,695,335
94$18,108,777$906,235$0$9,503,730
95$19,884,650$879,418$0$10,393,836
96$21,839,418$849,043$0$11,373,312
97$23,991,258$814,866$0$12,451,284
98$26,360,199$776,627$0$13,637,807
99$28,968,309$734,052$0$14,943,969
100$31,839,907$686,851$0$16,381,990