Can I retire at age 57 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$59,127$58,600$58,086$57,585$57,095$56,080
2 years$29,271$28,725$28,197$27,685$27,188$26,169
3 years$19,320$18,772$18,245$17,738$17,249$16,258
4 years$14,346$13,800$13,278$12,779$12,302$11,346
5 years$11,362$10,819$10,304$9,816$9,352$8,434
6 years$9,373$8,835$8,327$7,850$7,400$6,521
7 years$7,953$7,419$6,920$6,454$6,018$5,178
8 years$6,889$6,360$5,869$5,414$4,993$4,192
9 years$6,061$5,537$5,055$4,611$4,204$3,442
10 years$5,400$4,881$4,407$3,975$3,582$2,858
11 years$4,859$4,345$3,880$3,459$3,081$2,394
12 years$4,408$3,900$3,443$3,034$2,670$2,019
13 years$4,028$3,524$3,076$2,679$2,328$1,712
14 years$3,701$3,204$2,764$2,378$2,041$1,459
15 years$3,419$2,927$2,496$2,121$1,797$1,248
16 years$3,172$2,685$2,263$1,899$1,588$1,071
17 years$2,955$2,473$2,059$1,706$1,408$922
18 years$2,761$2,285$1,879$1,538$1,252$795
19 years$2,589$2,118$1,721$1,389$1,116$687
20 years$2,433$1,968$1,579$1,258$997$595
21 years$2,293$1,833$1,452$1,142$892$515
22 years$2,166$1,711$1,339$1,038$800$447
23 years$2,050$1,600$1,236$946$718$389
24 years$1,944$1,499$1,143$862$645$338
25 years$1,846$1,407$1,059$788$581$294
26 years$1,756$1,322$982$720$523$256
27 years$1,673$1,245$912$659$471$223
28 years$1,596$1,173$848$604$425$195
29 years$1,524$1,106$789$554$384$170
30 years$1,457$1,045$735$508$347$148
31 years$1,395$988$685$467$314$129
32 years$1,337$935$639$429$284$113
33 years$1,282$885$597$395$257$99
34 years$1,231$839$558$363$233$86
35 years$1,183$796$521$334$211$75
36 years$1,137$755$488$308$191$66
37 years$1,094$717$456$284$173$57
38 years$1,054$682$427$261$157$50
39 years$1,015$648$400$241$142$44
40 years$979$617$375$222$129$38
41 years$944$587$352$205$117$34
42 years$912$559$330$189$106$29
43 years$880$533$310$175$96$26
44 years$851$508$291$161$87$22
45 years$822$484$273$149$79$20
46 years$795$462$256$138$72$17
47 years$770$441$241$127$65$15
48 years$745$421$226$117$59$13
49 years$722$402$213$109$54$11
50 years$699$384$200$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $716,000, adding $4,810 every year, while hoping to spend $21,504 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: 58/37/5 Blend
56$716,000$716,000$716,000$716,000
57$793,994$756,046$744,948$839,036
58$852,101$770,212$747,023$883,980
59$915,414$784,351$748,448$930,066
60$984,442$798,440$749,176$979,751
61$1,059,744$812,453$749,163$1,033,379
62$1,141,936$826,361$748,358$1,091,332
63$1,231,696$840,134$746,710$1,154,028
64$1,329,769$853,741$744,165$1,221,929
65$1,436,978$867,147$740,667$1,295,543
66$1,554,226$880,314$736,156$1,375,432
67$1,682,510$893,203$730,570$1,462,213
68$1,822,927$905,770$723,844$1,556,567
69$1,976,683$917,970$715,911$1,659,244
70$2,145,108$929,754$706,697$1,771,073
71$2,329,667$941,070$696,130$1,892,964
72$2,531,973$951,862$684,130$2,025,924
73$2,753,801$962,070$670,615$2,171,059
74$2,997,108$971,631$655,500$2,329,591
75$3,264,048$980,477$638,695$2,502,867
76$3,556,996$988,534$620,105$2,692,371
77$3,878,564$995,727$599,634$2,899,738
78$4,231,633$1,001,974$577,177$3,126,772
79$4,619,375$1,007,186$552,628$3,375,461
80$5,045,285$1,011,271$525,874$3,647,998
81$5,513,211$1,014,130$496,798$3,946,797
82$6,027,395$1,015,659$465,277$4,274,524
83$6,592,508$1,015,746$431,183$4,634,113
84$7,213,698$1,014,271$394,382$5,028,803
85$7,896,636$1,011,111$354,734$5,462,161
86$8,647,567$1,006,130$312,092$5,938,121
87$9,473,377$999,188$266,305$6,461,021
88$10,381,647$990,134$217,212$7,035,639
89$11,380,733$978,809$164,647$7,667,248
90$12,479,841$965,044$108,435$8,361,655
91$13,689,114$948,660$48,397$9,125,266
92$15,019,727$929,467$0$9,965,140
93$16,483,993$907,266$0$10,889,895
94$18,095,481$881,842$0$11,910,084
95$19,869,139$852,971$0$13,032,590
96$21,821,440$820,416$0$14,267,849
97$23,970,534$783,923$0$15,627,363
98$26,336,419$743,226$0$17,123,813
99$28,941,132$698,043$0$18,771,172
100$31,808,956$648,075$0$20,584,847