Can I retire at age 57 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$59,870$59,337$58,816$58,308$57,813$55,872
2 years$29,639$29,087$28,552$28,033$27,530$25,594
3 years$19,563$19,008$18,475$17,961$17,466$15,596
4 years$14,526$13,973$13,445$12,940$12,457$10,667
5 years$11,504$10,955$10,434$9,939$9,470$7,764
6 years$9,491$8,946$8,432$7,948$7,493$5,873
7 years$8,053$7,513$7,007$6,535$6,094$4,559
8 years$6,975$6,440$5,943$5,482$5,055$3,605
9 years$6,138$5,607$5,118$4,669$4,257$2,890
10 years$5,468$4,942$4,462$4,025$3,627$2,341
11 years$4,920$4,400$3,929$3,503$3,120$1,911
12 years$4,464$3,949$3,486$3,073$2,704$1,570
13 years$4,078$3,569$3,115$2,713$2,358$1,296
14 years$3,748$3,244$2,799$2,408$2,067$1,075
15 years$3,462$2,963$2,527$2,147$1,820$894
16 years$3,212$2,719$2,291$1,923$1,608$746
17 years$2,992$2,504$2,085$1,728$1,426$623
18 years$2,796$2,314$1,903$1,557$1,268$522
19 years$2,621$2,144$1,742$1,407$1,130$438
20 years$2,464$1,993$1,599$1,274$1,009$368
21 years$2,322$1,856$1,471$1,156$903$309
22 years$2,193$1,733$1,355$1,051$810$260
23 years$2,076$1,620$1,252$958$727$219
24 years$1,968$1,518$1,157$873$653$184
25 years$1,869$1,425$1,072$798$588$155
26 years$1,778$1,339$994$729$530$131
27 years$1,694$1,260$923$668$477$111
28 years$1,616$1,188$858$612$431$93
29 years$1,543$1,120$799$561$389$79
30 years$1,476$1,058$744$515$351$67
31 years$1,413$1,000$694$473$318$56
32 years$1,354$946$647$434$287$47
33 years$1,298$896$604$400$260$40
34 years$1,246$849$565$368$236$34
35 years$1,198$806$528$338$213$29
36 years$1,151$765$494$312$193$24
37 years$1,108$726$462$287$175$20
38 years$1,067$690$433$265$159$17
39 years$1,028$656$405$244$144$15
40 years$991$624$380$225$131$12
41 years$956$594$356$208$119$10
42 years$923$566$334$192$108$9
43 years$891$539$314$177$98$7
44 years$861$514$294$163$89$6
45 years$833$490$276$151$80$5
46 years$805$468$260$139$73$4
47 years$779$446$244$129$66$4
48 years$754$426$229$119$60$3
49 years$731$407$215$110$55$3
50 years$708$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $725,000, adding $4,835 every year, while hoping to spend $45,516 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: 43/28/29 Blend
56$725,000$725,000$725,000$725,000
57$803,937$765,512$754,275$831,532
58$837,510$754,594$731,114$840,887
59$872,982$741,615$705,652$846,355
60$910,499$726,426$677,764$851,418
61$950,219$708,870$647,318$856,068
62$992,316$688,780$614,178$860,295
63$1,036,980$665,978$578,201$864,096
64$1,084,418$640,277$539,238$867,468
65$1,134,858$611,480$497,131$870,414
66$1,188,547$579,376$451,719$872,943
67$1,245,757$543,744$402,830$875,065
68$1,306,787$504,349$350,286$876,801
69$1,371,960$460,944$293,903$878,177
70$1,441,636$413,266$233,484$879,225
71$1,516,206$361,039$168,829$879,991
72$1,596,098$303,969$99,724$880,529
73$1,681,785$241,748$25,949$880,904
74$1,773,783$174,049$0$881,197
75$1,872,658$100,528$0$897,835
76$1,979,035$20,819$0$924,229
77$2,093,595$0$0$952,553
78$2,217,091$0$0$1,003,212
79$2,350,347$0$0$1,064,864
80$2,494,270$0$0$1,131,523
81$2,649,854$0$0$1,203,661
82$2,818,194$0$0$1,281,792
83$3,000,494$0$0$1,366,487
84$3,198,076$0$0$1,458,371
85$3,412,395$0$0$1,558,130
86$3,645,050$0$0$1,666,522
87$3,897,800$0$0$1,784,377
88$4,172,581$0$0$1,912,612
89$4,471,522$0$0$2,052,233
90$4,796,965$0$0$2,204,348
91$5,151,487$0$0$2,370,177
92$5,537,925$0$0$2,551,061
93$5,959,401$0$0$2,748,478
94$6,419,351$0$0$2,964,053
95$6,921,557$0$0$3,199,577
96$7,470,181$0$0$3,457,019
97$8,069,809$0$0$3,738,550
98$8,725,484$0$0$4,046,558
99$9,442,764$0$0$4,383,674
100$10,227,766$0$0$4,752,792