Can I retire at age 57 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$60,530$59,991$59,465$58,952$58,450$56,131
2 years$29,966$29,407$28,867$28,342$27,834$25,526
3 years$19,779$19,218$18,679$18,159$17,659$15,435
4 years$14,686$14,127$13,593$13,083$12,594$10,472
5 years$11,631$11,076$10,549$10,049$9,574$7,558
6 years$9,596$9,044$8,525$8,036$7,576$5,667
7 years$8,142$7,595$7,084$6,607$6,161$4,359
8 years$7,052$6,511$6,008$5,542$5,111$3,415
9 years$6,205$5,669$5,175$4,721$4,304$2,710
10 years$5,528$4,997$4,512$4,069$3,667$2,173
11 years$4,974$4,448$3,972$3,542$3,154$1,756
12 years$4,513$3,993$3,525$3,106$2,733$1,427
13 years$4,123$3,608$3,149$2,743$2,384$1,166
14 years$3,789$3,280$2,830$2,435$2,089$956
15 years$3,500$2,996$2,555$2,171$1,840$786
16 years$3,247$2,749$2,316$1,944$1,626$648
17 years$3,025$2,532$2,108$1,747$1,442$535
18 years$2,827$2,339$1,924$1,574$1,282$443
19 years$2,650$2,168$1,761$1,422$1,143$367
20 years$2,491$2,015$1,617$1,288$1,021$304
21 years$2,348$1,877$1,487$1,169$913$253
22 years$2,217$1,752$1,370$1,063$819$210
23 years$2,098$1,638$1,265$968$735$175
24 years$1,990$1,535$1,170$883$660$145
25 years$1,890$1,441$1,084$806$594$121
26 years$1,798$1,354$1,005$737$535$101
27 years$1,713$1,274$933$675$483$84
28 years$1,634$1,201$868$618$436$70
29 years$1,560$1,133$808$567$393$58
30 years$1,492$1,070$752$520$355$48
31 years$1,428$1,011$701$478$321$40
32 years$1,369$957$654$439$291$34
33 years$1,313$906$611$404$263$28
34 years$1,260$859$571$372$238$23
35 years$1,211$815$534$342$216$20
36 years$1,164$773$499$315$195$16
37 years$1,120$734$467$290$177$14
38 years$1,079$698$438$268$161$11
39 years$1,039$664$410$247$146$9
40 years$1,002$631$384$228$132$8
41 years$967$601$360$210$120$7
42 years$933$572$338$194$109$5
43 years$901$545$317$179$99$5
44 years$871$520$298$165$90$4
45 years$842$496$280$153$81$3
46 years$814$473$263$141$74$3
47 years$788$451$247$130$67$2
48 years$763$431$232$120$61$2
49 years$739$411$218$111$55$2
50 years$716$393$205$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $733,000, adding $3,491 every year, while hoping to spend $35,485 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: 38/49/13 Blend
56$733,000$733,000$733,000$733,000
57$811,367$772,518$761,156$838,873
58$856,371$772,616$748,899$858,899
59$904,775$771,529$735,043$876,828
60$956,891$769,162$719,495$895,429
61$1,013,056$765,413$702,160$914,778
62$1,073,645$760,176$682,940$934,963
63$1,139,068$753,336$661,730$956,085
64$1,209,776$744,772$638,420$978,253
65$1,286,262$734,355$612,897$1,001,596
66$1,369,073$721,951$585,041$1,026,254
67$1,458,807$707,414$554,728$1,052,388
68$1,556,120$690,593$521,827$1,080,179
69$1,661,739$671,326$486,202$1,109,826
70$1,776,457$649,442$447,710$1,141,558
71$1,901,151$624,760$406,204$1,175,627
72$2,036,784$597,089$361,528$1,212,319
73$2,184,416$566,226$313,518$1,251,950
74$2,345,212$531,957$262,007$1,294,877
75$2,520,456$494,055$206,817$1,341,496
76$2,711,560$452,281$147,763$1,392,251
77$2,920,078$406,382$84,651$1,447,638
78$3,147,720$356,089$17,282$1,508,207
79$3,396,372$301,121$0$1,574,575
80$3,668,104$241,179$0$1,655,001
81$3,965,200$175,946$0$1,745,725
82$4,290,173$105,090$0$1,845,227
83$4,645,789$28,258$0$1,954,484
84$5,035,096$0$0$2,074,582
85$5,461,449$0$0$2,236,336
86$5,928,541$0$0$2,430,339
87$6,440,443$0$0$2,643,056
88$7,001,636$0$0$2,876,361
89$7,617,055$0$0$3,132,321
90$8,292,135$0$0$3,413,210
91$9,032,866$0$0$3,721,533
92$9,845,841$0$0$4,060,051
93$10,738,326$0$0$4,431,804
94$11,718,323$0$0$4,840,141
95$12,794,647$0$0$5,288,751
96$13,977,010$0$0$5,781,699
97$15,276,108$0$0$6,323,464
98$16,703,729$0$0$6,918,977
99$18,272,854$0$0$7,573,674
100$19,997,789$0$0$8,293,542