Can I retire at age 57 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$59,292$58,764$58,248$57,745$57,254$55,622
2 years$29,352$28,806$28,276$27,762$27,264$25,632
3 years$19,374$18,825$18,296$17,788$17,297$15,717
4 years$14,386$13,838$13,315$12,815$12,337$10,820
5 years$11,393$10,849$10,333$9,843$9,378$7,930
6 years$9,399$8,859$8,351$7,872$7,421$6,041
7 years$7,975$7,440$6,939$6,472$6,035$4,725
8 years$6,908$6,377$5,885$5,429$5,007$3,765
9 years$6,078$5,553$5,069$4,624$4,216$3,042
10 years$5,415$4,894$4,419$3,986$3,592$2,484
11 years$4,872$4,357$3,891$3,469$3,090$2,045
12 years$4,421$3,911$3,453$3,043$2,677$1,695
13 years$4,039$3,534$3,085$2,686$2,335$1,412
14 years$3,712$3,213$2,772$2,385$2,047$1,181
15 years$3,429$2,935$2,503$2,127$1,802$991
16 years$3,181$2,693$2,269$1,904$1,593$835
17 years$2,963$2,480$2,065$1,711$1,412$704
18 years$2,769$2,291$1,885$1,542$1,256$595
19 years$2,596$2,124$1,725$1,393$1,119$504
20 years$2,440$1,973$1,583$1,262$1,000$428
21 years$2,300$1,838$1,456$1,145$895$363
22 years$2,172$1,716$1,342$1,041$802$309
23 years$2,056$1,605$1,239$948$720$263
24 years$1,949$1,504$1,146$865$647$224
25 years$1,851$1,411$1,062$790$582$190
26 years$1,761$1,326$985$722$524$162
27 years$1,678$1,248$914$661$473$138
28 years$1,600$1,176$850$606$427$118
29 years$1,528$1,109$791$555$385$101
30 years$1,462$1,048$737$510$348$86
31 years$1,399$990$687$468$315$73
32 years$1,341$937$641$430$285$63
33 years$1,286$888$598$396$258$53
34 years$1,234$841$559$364$233$46
35 years$1,186$798$523$335$211$39
36 years$1,140$757$489$309$191$33
37 years$1,097$719$458$284$173$28
38 years$1,057$684$429$262$157$24
39 years$1,018$650$402$242$143$21
40 years$982$618$376$223$129$18
41 years$947$589$353$206$117$15
42 years$914$561$331$190$106$13
43 years$883$534$311$175$97$11
44 years$853$509$292$162$88$9
45 years$825$486$274$149$80$8
46 years$798$463$257$138$72$7
47 years$772$442$242$128$66$6
48 years$747$422$227$118$60$5
49 years$724$403$213$109$54$4
50 years$701$385$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $718,000, adding $6,593 every year, while hoping to spend $52,549 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: 73/16/11 Blend
56$718,000$718,000$718,000$718,000
57$798,037$759,983$748,854$854,093
58$823,525$741,310$718,029$873,351
59$849,851$719,961$684,410$887,276
60$877,046$695,750$647,848$901,089
61$905,142$668,478$608,187$914,766
62$934,170$637,937$565,265$928,278
63$964,164$603,905$518,911$941,598
64$995,162$566,150$468,947$954,694
65$1,027,200$524,423$415,188$967,535
66$1,060,318$478,463$357,441$980,086
67$1,094,557$427,993$295,501$992,311
68$1,129,959$372,723$229,158$1,004,172
69$1,166,571$312,343$158,191$1,015,630
70$1,204,440$246,526$82,369$1,026,641
71$1,243,617$174,930$1,452$1,037,160
72$1,284,154$97,189$0$1,047,142
73$1,326,106$12,920$0$1,066,502
74$1,369,534$0$0$1,086,052
75$1,414,498$0$0$1,119,384
76$1,461,064$0$0$1,156,261
77$1,509,303$0$0$1,194,465
78$1,559,287$0$0$1,234,054
79$1,611,094$0$0$1,275,091
80$1,664,807$0$0$1,317,641
81$1,720,515$0$0$1,361,774
82$1,778,311$0$0$1,407,566
83$1,838,294$0$0$1,455,095
84$1,900,572$0$0$1,504,447
85$1,965,257$0$0$1,555,712
86$2,032,471$0$0$1,608,988
87$2,102,344$0$0$1,664,377
88$2,175,015$0$0$1,721,991
89$2,250,632$0$0$1,781,949
90$2,329,356$0$0$1,844,378
91$2,411,358$0$0$1,909,417
92$2,496,823$0$0$1,977,212
93$2,585,950$0$0$2,047,922
94$2,678,954$0$0$2,121,720
95$2,776,064$0$0$2,198,790
96$2,877,532$0$0$2,279,331
97$2,983,626$0$0$2,363,560
98$3,094,637$0$0$2,451,711
99$3,210,883$0$0$2,544,035
100$3,332,704$0$0$2,640,807