Can I retire at age 57 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$59,374$58,845$58,329$57,826$57,334$56,016
2 years$29,393$28,846$28,315$27,801$27,302$25,982
3 years$19,401$18,851$18,322$17,812$17,321$16,040
4 years$14,406$13,858$13,334$12,833$12,354$11,121
5 years$11,409$10,864$10,347$9,857$9,391$8,210
6 years$9,412$8,872$8,362$7,883$7,431$6,303
7 years$7,987$7,450$6,949$6,481$6,043$4,969
8 years$6,918$6,386$5,893$5,436$5,014$3,992
9 years$6,087$5,560$5,076$4,631$4,222$3,253
10 years$5,422$4,901$4,425$3,992$3,597$2,679
11 years$4,879$4,363$3,896$3,474$3,094$2,226
12 years$4,427$3,916$3,458$3,047$2,681$1,861
13 years$4,044$3,539$3,089$2,690$2,338$1,565
14 years$3,717$3,217$2,776$2,388$2,049$1,322
15 years$3,433$2,939$2,506$2,130$1,805$1,121
16 years$3,185$2,696$2,272$1,907$1,595$953
17 years$2,967$2,483$2,067$1,713$1,414$812
18 years$2,773$2,295$1,887$1,544$1,257$694
19 years$2,600$2,127$1,728$1,395$1,121$594
20 years$2,444$1,976$1,586$1,264$1,001$509
21 years$2,303$1,841$1,459$1,147$896$437
22 years$2,175$1,718$1,344$1,043$803$376
23 years$2,058$1,607$1,241$950$721$323
24 years$1,952$1,506$1,148$866$648$278
25 years$1,854$1,413$1,063$791$583$239
26 years$1,763$1,328$986$723$525$206
27 years$1,680$1,250$916$662$473$178
28 years$1,602$1,178$851$607$427$154
29 years$1,531$1,111$792$556$386$132
30 years$1,464$1,049$738$510$349$114
31 years$1,401$992$688$469$315$99
32 years$1,342$939$642$431$285$85
33 years$1,288$889$599$396$258$74
34 years$1,236$842$560$365$234$64
35 years$1,188$799$523$336$212$55
36 years$1,142$758$490$309$192$48
37 years$1,099$720$458$285$174$41
38 years$1,058$684$429$262$157$36
39 years$1,020$651$402$242$143$31
40 years$983$619$377$223$130$27
41 years$948$589$353$206$118$23
42 years$915$561$332$190$107$20
43 years$884$535$311$175$97$17
44 years$854$510$292$162$88$15
45 years$826$486$274$150$80$13
46 years$799$464$258$138$72$11
47 years$773$443$242$128$66$10
48 years$748$423$227$118$60$8
49 years$725$404$214$109$54$7
50 years$702$385$201$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $719,000, adding $5,544 every year, while hoping to spend $22,925 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: 49/44/7 Blend
56$719,000$719,000$719,000$719,000
57$798,057$759,950$748,805$835,447
58$855,066$772,795$749,498$874,435
59$917,123$785,502$749,446$913,862
60$984,716$798,038$748,599$956,145
61$1,058,387$810,372$746,907$1,001,556
62$1,138,729$822,466$744,315$1,050,396
63$1,226,396$834,284$740,766$1,102,996
64$1,322,107$845,783$736,201$1,159,722
65$1,426,656$856,920$730,557$1,220,977
66$1,540,914$867,648$723,770$1,287,205
67$1,665,841$877,917$715,770$1,358,897
68$1,802,496$887,674$706,487$1,436,595
69$1,952,041$896,861$695,846$1,520,894
70$2,115,760$905,417$683,767$1,612,454
71$2,295,063$913,278$670,168$1,712,001
72$2,491,504$920,374$654,964$1,820,336
73$2,706,797$926,632$638,065$1,938,343
74$2,942,826$931,972$619,376$2,066,998
75$3,201,669$936,313$598,799$2,207,375
76$3,485,611$939,564$576,231$2,360,662
77$3,797,173$941,632$551,564$2,528,169
78$4,139,128$942,417$524,686$2,711,338
79$4,514,535$941,810$495,478$2,911,763
80$4,926,759$939,701$463,818$3,131,200
81$5,379,511$935,968$429,578$3,371,589
82$5,876,874$930,484$392,623$3,635,067
83$6,423,352$923,114$352,812$3,923,991
84$7,023,902$913,715$309,999$4,240,964
85$7,683,986$902,134$264,031$4,588,853
86$8,409,625$888,210$214,748$4,970,822
87$9,207,448$871,773$161,982$5,390,362
88$10,084,759$852,642$105,561$5,851,320
89$11,049,609$830,626$45,301$6,357,942
90$12,110,863$805,521$0$6,914,908
91$13,278,293$777,113$0$7,528,801
92$14,562,662$745,174$0$8,207,597
93$15,975,831$709,466$0$8,954,201
94$17,530,869$669,732$0$9,775,555
95$19,242,173$625,705$0$10,679,308
96$21,125,610$577,100$0$11,673,896
97$23,198,661$523,617$0$12,768,620
98$25,480,588$464,937$0$13,973,734
99$27,992,615$400,726$0$15,300,545
100$30,758,128$330,628$0$16,761,516