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%17.7%
1 years$59,870$59,337$58,816$58,308$57,813$56,007
2 years$29,639$29,087$28,552$28,033$27,530$25,727
3 years$19,563$19,008$18,475$17,961$17,466$15,722
4 years$14,526$13,973$13,445$12,940$12,457$10,785
5 years$11,504$10,955$10,434$9,939$9,470$7,875
6 years$9,491$8,946$8,432$7,948$7,493$5,977
7 years$8,053$7,513$7,007$6,535$6,094$4,656
8 years$6,975$6,440$5,943$5,482$5,055$3,695
9 years$6,138$5,607$5,118$4,669$4,257$2,972
10 years$5,468$4,942$4,462$4,025$3,627$2,417
11 years$4,920$4,400$3,929$3,503$3,120$1,981
12 years$4,464$3,949$3,486$3,073$2,704$1,634
13 years$4,078$3,569$3,115$2,713$2,358$1,354
14 years$3,748$3,244$2,799$2,408$2,067$1,128
15 years$3,462$2,963$2,527$2,147$1,820$942
16 years$3,212$2,719$2,291$1,923$1,608$789
17 years$2,992$2,504$2,085$1,728$1,426$662
18 years$2,796$2,314$1,903$1,557$1,268$557
19 years$2,621$2,144$1,742$1,407$1,130$469
20 years$2,464$1,993$1,599$1,274$1,009$396
21 years$2,322$1,856$1,471$1,156$903$334
22 years$2,193$1,733$1,355$1,051$810$283
23 years$2,076$1,620$1,252$958$727$239
24 years$1,968$1,518$1,157$873$653$202
25 years$1,869$1,425$1,072$798$588$171
26 years$1,778$1,339$994$729$530$145
27 years$1,694$1,260$923$668$477$123
28 years$1,616$1,188$858$612$431$104
29 years$1,543$1,120$799$561$389$89
30 years$1,476$1,058$744$515$351$75
31 years$1,413$1,000$694$473$318$64
32 years$1,354$946$647$434$287$54
33 years$1,298$896$604$400$260$46
34 years$1,246$849$565$368$236$39
35 years$1,198$806$528$338$213$33
36 years$1,151$765$494$312$193$28
37 years$1,108$726$462$287$175$24
38 years$1,067$690$433$265$159$20
39 years$1,028$656$405$244$144$17
40 years$991$624$380$225$131$15
41 years$956$594$356$208$119$12
42 years$923$566$334$192$108$11
43 years$891$539$314$177$98$9
44 years$861$514$294$163$89$8
45 years$833$490$276$151$80$6
46 years$805$468$260$139$73$6
47 years$779$446$244$129$66$5
48 years$754$426$229$119$60$4
49 years$731$407$215$110$55$3
50 years$708$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $725,000, adding $3,407 every year, while hoping to spend $55,991 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: 41/34/25 Blend
56$725,000$725,000$725,000$725,000
57$802,464$764,039$752,802$829,342
58$824,742$741,903$718,447$826,853
59$847,415$716,806$681,064$818,613
60$870,465$688,543$640,493$808,594
61$893,869$656,899$596,567$796,667
62$917,601$621,644$549,110$782,691
63$941,630$582,538$497,938$766,521
64$965,918$539,324$442,860$747,998
65$990,423$491,732$383,678$726,955
66$1,015,096$439,477$320,181$703,215
67$1,039,880$382,256$252,151$676,589
68$1,064,712$319,750$179,362$646,874
69$1,089,517$251,623$101,576$613,856
70$1,114,214$177,518$18,544$577,308
71$1,138,706$97,059$0$536,984
72$1,162,888$9,850$0$511,316
73$1,186,640$0$0$487,831
74$1,209,827$0$0$492,984
75$1,232,296$0$0$501,447
76$1,253,878$0$0$509,455
77$1,274,381$0$0$516,921
78$1,293,593$0$0$523,747
79$1,311,276$0$0$529,823
80$1,327,162$0$0$535,028
81$1,340,956$0$0$539,225
82$1,352,328$0$0$542,264
83$1,360,909$0$0$543,975
84$1,366,291$0$0$544,173
85$1,368,018$0$0$542,650
86$1,365,587$0$0$539,174
87$1,358,435$0$0$533,492
88$1,345,941$0$0$525,318
89$1,327,414$0$0$514,339
90$1,302,089$0$0$500,206
91$1,269,119$0$0$482,534
92$1,227,563$0$0$460,896
93$1,176,382$0$0$434,818
94$1,114,425$0$0$403,779
95$1,040,416$0$0$367,198
96$952,946$0$0$324,437
97$850,457$0$0$274,787
98$731,223$0$0$217,467
99$593,339$0$0$151,611
100$434,698$0$0$76,265