Can I retire at age 57 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$60,448$59,909$59,384$58,871$58,371$57,906
2 years$29,925$29,367$28,827$28,304$27,796$27,327
3 years$19,752$19,192$18,653$18,134$17,635$17,177
4 years$14,666$14,108$13,575$13,065$12,577$12,134
5 years$11,616$11,061$10,535$10,035$9,561$9,133
6 years$9,583$9,032$8,513$8,025$7,565$7,154
7 years$8,131$7,585$7,075$6,598$6,153$5,757
8 years$7,043$6,502$6,000$5,535$5,104$4,725
9 years$6,197$5,661$5,168$4,714$4,298$3,936
10 years$5,520$4,990$4,505$4,064$3,662$3,316
11 years$4,967$4,442$3,966$3,537$3,150$2,819
12 years$4,507$3,987$3,520$3,102$2,730$2,414
13 years$4,118$3,603$3,145$2,739$2,380$2,080
14 years$3,784$3,275$2,826$2,431$2,087$1,801
15 years$3,495$2,992$2,551$2,168$1,837$1,566
16 years$3,243$2,745$2,313$1,941$1,624$1,366
17 years$3,021$2,528$2,105$1,744$1,440$1,196
18 years$2,823$2,336$1,921$1,572$1,280$1,049
19 years$2,647$2,165$1,759$1,420$1,141$923
20 years$2,488$2,012$1,614$1,286$1,019$813
21 years$2,344$1,874$1,485$1,168$912$718
22 years$2,214$1,749$1,369$1,062$817$634
23 years$2,096$1,636$1,264$967$734$561
24 years$1,987$1,533$1,169$882$660$497
25 years$1,887$1,439$1,082$805$594$441
26 years$1,795$1,352$1,004$736$535$391
27 years$1,710$1,272$932$674$482$348
28 years$1,631$1,199$867$617$435$309
29 years$1,558$1,131$806$566$393$275
30 years$1,490$1,068$751$520$355$245
31 years$1,426$1,010$700$477$321$218
32 years$1,367$955$653$439$290$194
33 years$1,311$905$610$403$263$173
34 years$1,258$858$570$371$238$154
35 years$1,209$813$533$342$215$137
36 years$1,163$772$499$315$195$122
37 years$1,119$733$467$290$177$109
38 years$1,077$697$437$267$160$97
39 years$1,038$663$409$246$145$87
40 years$1,001$630$384$227$132$78
41 years$965$600$360$210$120$69
42 years$932$572$338$194$109$62
43 years$900$545$317$179$99$55
44 years$870$519$297$165$89$49
45 years$841$495$279$152$81$44
46 years$813$472$262$141$74$39
47 years$787$451$246$130$67$35
48 years$762$430$231$120$61$31
49 years$738$411$218$111$55$28
50 years$715$392$205$103$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $732,000, adding $5,255 every year, while hoping to spend $29,363 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: 44/26/30 Blend
56$732,000$732,000$732,000$732,000
57$812,085$773,289$761,943$840,544
58$863,675$779,938$756,226$868,081
59$919,544$785,928$749,333$894,734
60$980,096$791,198$741,194$923,077
61$1,045,778$795,678$731,736$953,285
62$1,117,078$799,298$720,881$985,552
63$1,194,538$801,981$708,548$1,020,094
64$1,278,749$803,646$694,652$1,057,150
65$1,370,364$804,208$679,106$1,096,985
66$1,470,102$803,574$661,816$1,139,895
67$1,578,751$801,648$642,686$1,186,206
68$1,697,181$798,327$621,614$1,236,279
69$1,826,350$793,501$598,494$1,290,517
70$1,967,309$787,054$573,215$1,349,363
71$2,121,218$778,863$545,662$1,413,310
72$2,289,354$768,799$515,712$1,482,904
73$2,473,120$756,722$483,240$1,558,750
74$2,674,062$742,486$448,114$1,641,515
75$2,893,885$725,936$410,194$1,731,941
76$3,134,462$706,908$369,336$1,830,848
77$3,397,859$685,227$325,390$1,939,141
78$3,686,347$660,710$278,198$2,057,825
79$4,002,432$633,162$227,594$2,188,008
80$4,348,869$602,377$173,408$2,330,920
81$4,728,696$568,136$115,460$2,487,917
82$5,145,258$530,208$53,562$2,660,499
83$5,602,236$488,351$0$2,850,326
84$6,103,690$442,306$0$3,063,231
85$6,654,088$391,800$0$3,315,799
86$7,258,353$336,546$0$3,593,174
87$7,921,907$276,240$0$3,897,902
88$8,650,725$210,559$0$4,232,791
89$9,451,388$139,165$0$4,600,939
90$10,331,143$61,698$0$5,005,763
91$11,297,979$0$0$5,451,031
92$12,360,694$0$0$5,947,257
93$13,528,980$0$0$6,512,281
94$14,813,518$0$0$7,133,627
95$16,226,073$0$0$7,816,998
96$17,779,608$0$0$8,568,679
97$19,488,406$0$0$9,395,594
98$21,368,202$0$0$10,305,370
99$23,436,335$0$0$11,306,414
100$25,711,908$0$0$12,407,985