Can I retire at age 57 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$59,209$58,682$58,167$57,665$57,175$55,344
2 years$29,311$28,766$28,237$27,724$27,226$25,399
3 years$19,347$18,799$18,271$17,763$17,273$15,507
4 years$14,366$13,819$13,297$12,797$12,319$10,627
5 years$11,378$10,834$10,319$9,829$9,365$7,751
6 years$9,386$8,847$8,339$7,861$7,410$5,876
7 years$7,964$7,430$6,930$6,463$6,027$4,572
8 years$6,898$6,369$5,877$5,421$5,000$3,624
9 years$6,070$5,545$5,062$4,618$4,210$2,912
10 years$5,407$4,888$4,413$3,981$3,587$2,365
11 years$4,866$4,351$3,885$3,464$3,085$1,935
12 years$4,415$3,905$3,448$3,039$2,674$1,594
13 years$4,033$3,529$3,081$2,683$2,331$1,320
14 years$3,707$3,208$2,768$2,381$2,044$1,097
15 years$3,424$2,931$2,499$2,124$1,800$915
16 years$3,177$2,689$2,266$1,902$1,590$766
17 years$2,959$2,476$2,062$1,709$1,410$642
18 years$2,765$2,288$1,882$1,540$1,254$539
19 years$2,592$2,121$1,723$1,391$1,118$454
20 years$2,437$1,971$1,581$1,260$998$382
21 years$2,296$1,836$1,454$1,144$893$322
22 years$2,169$1,713$1,340$1,040$801$272
23 years$2,053$1,603$1,238$947$719$230
24 years$1,946$1,501$1,145$864$646$194
25 years$1,849$1,409$1,060$789$581$164
26 years$1,758$1,324$983$721$524$139
27 years$1,675$1,246$913$660$472$118
28 years$1,598$1,174$849$605$426$100
29 years$1,526$1,108$790$555$385$84
30 years$1,460$1,046$736$509$348$71
31 years$1,397$989$686$468$314$60
32 years$1,339$936$640$430$284$51
33 years$1,284$886$598$395$257$43
34 years$1,233$840$558$364$233$37
35 years$1,184$797$522$335$211$31
36 years$1,139$756$488$308$191$26
37 years$1,096$718$457$284$173$22
38 years$1,055$683$428$262$157$19
39 years$1,017$649$401$241$142$16
40 years$980$618$376$223$129$14
41 years$946$588$352$205$117$12
42 years$913$560$331$190$106$10
43 years$882$533$310$175$97$8
44 years$852$508$291$162$88$7
45 years$824$485$273$149$80$6
46 years$797$463$257$138$72$5
47 years$771$441$241$127$66$4
48 years$746$421$227$118$60$4
49 years$723$402$213$109$54$3
50 years$700$384$200$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $717,000, adding $2,400 every year, while hoping to spend $23,120 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: 43/48/9 Blend
56$717,000$717,000$717,000$717,000
57$792,610$754,609$743,495$824,528
58$848,856$766,985$743,803$859,348
59$910,065$779,193$743,346$894,511
60$976,718$791,200$742,074$932,079
61$1,049,345$802,970$739,935$972,280
62$1,128,530$814,467$736,875$1,015,366
63$1,214,914$825,650$732,834$1,061,617
64$1,309,205$836,476$727,753$1,111,340
65$1,412,180$846,900$721,569$1,164,875
66$1,524,695$856,871$714,215$1,222,596
67$1,647,694$866,338$705,621$1,284,917
68$1,782,215$875,244$695,715$1,352,296
69$1,929,400$883,530$684,421$1,425,237
70$2,090,507$891,132$671,658$1,504,297
71$2,266,924$897,982$657,343$1,590,091
72$2,460,175$904,009$641,390$1,683,297
73$2,671,942$909,134$623,705$1,784,665
74$2,904,076$913,277$604,194$1,895,022
75$3,158,614$916,350$582,757$2,015,280
76$3,437,802$918,260$559,289$2,146,448
77$3,744,113$918,910$533,680$2,289,637
78$4,080,271$918,196$505,817$2,446,075
79$4,449,276$916,005$475,580$2,617,118
80$4,854,433$912,220$442,843$2,804,260
81$5,299,384$906,717$407,476$3,009,152
82$5,788,138$899,363$369,344$3,233,614
83$6,325,114$890,018$328,303$3,479,657
84$6,915,179$878,532$284,204$3,749,499
85$7,563,695$864,748$236,892$4,045,585
86$8,276,569$848,498$186,206$4,370,617
87$9,060,310$829,605$131,974$4,727,573
88$9,922,087$807,882$74,022$5,119,741
89$10,869,801$783,129$12,163$5,550,746
90$11,912,156$755,137$0$6,024,589
91$13,058,740$723,683$0$6,550,855
92$14,320,119$688,531$0$7,130,824
93$15,707,935$649,433$0$7,768,717
94$17,235,013$606,124$0$8,470,479
95$18,915,487$558,326$0$9,242,668
96$20,764,928$505,746$0$10,092,514
97$22,800,494$448,071$0$11,027,989
98$25,041,090$384,972$0$12,057,888
99$27,507,547$316,102$0$13,191,906
100$30,222,820$241,094$0$14,440,734