Can I retire at age 57 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$60,613$60,073$59,546$59,032$58,530$57,823
2 years$30,006$29,448$28,906$28,381$27,872$27,160
3 years$19,806$19,244$18,704$18,184$17,683$16,989
4 years$14,706$14,147$13,612$13,100$12,612$11,940
5 years$11,647$11,091$10,563$10,062$9,587$8,941
6 years$9,609$9,057$8,537$8,047$7,586$6,965
7 years$8,153$7,606$7,094$6,616$6,169$5,575
8 years$7,062$6,520$6,016$5,550$5,118$4,549
9 years$6,214$5,676$5,182$4,727$4,310$3,767
10 years$5,536$5,004$4,518$4,075$3,672$3,154
11 years$4,981$4,454$3,977$3,546$3,158$2,665
12 years$4,519$3,998$3,530$3,111$2,737$2,268
13 years$4,129$3,613$3,154$2,746$2,387$1,941
14 years$3,794$3,284$2,834$2,438$2,092$1,670
15 years$3,505$3,000$2,558$2,174$1,842$1,442
16 years$3,252$2,753$2,319$1,947$1,628$1,250
17 years$3,029$2,535$2,111$1,749$1,444$1,086
18 years$2,831$2,342$1,927$1,576$1,284$946
19 years$2,654$2,171$1,764$1,424$1,144$826
20 years$2,495$2,017$1,619$1,290$1,022$723
21 years$2,351$1,879$1,489$1,171$914$633
22 years$2,220$1,754$1,372$1,064$820$555
23 years$2,101$1,641$1,267$969$736$488
24 years$1,992$1,537$1,172$884$661$429
25 years$1,892$1,442$1,085$807$595$377
26 years$1,800$1,356$1,007$738$536$332
27 years$1,715$1,276$935$676$483$293
28 years$1,636$1,202$869$619$436$258
29 years$1,563$1,134$809$568$394$228
30 years$1,494$1,071$753$521$356$201
31 years$1,430$1,013$702$479$322$178
32 years$1,370$958$655$440$291$157
33 years$1,314$907$612$404$263$139
34 years$1,262$860$572$372$238$123
35 years$1,212$816$534$343$216$108
36 years$1,166$774$500$316$196$96
37 years$1,122$735$468$291$177$85
38 years$1,080$699$438$268$161$75
39 years$1,041$664$410$247$146$66
40 years$1,003$632$385$228$132$59
41 years$968$602$361$210$120$52
42 years$934$573$338$194$109$46
43 years$903$546$318$179$99$41
44 years$872$521$298$165$90$36
45 years$843$496$280$153$81$32
46 years$815$473$263$141$74$28
47 years$789$452$247$130$67$25
48 years$764$431$232$120$61$22
49 years$740$412$218$111$55$20
50 years$717$393$205$103$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $734,000, adding $2,691 every year, while hoping to spend $44,312 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: 53/26/21 Blend
56$734,000$734,000$734,000$734,000
57$811,644$772,742$761,365$849,844
58$847,284$763,458$739,723$867,117
59$885,074$752,235$715,871$881,061
60$925,187$738,930$689,688$895,291
61$967,811$723,393$661,047$909,849
62$1,013,153$705,464$629,818$924,784
63$1,061,438$684,976$595,860$940,152
64$1,112,915$661,749$559,031$956,017
65$1,167,852$635,595$519,179$972,454
66$1,226,549$606,315$476,147$989,547
67$1,289,329$573,696$429,770$1,007,393
68$1,356,549$537,516$379,876$1,026,102
69$1,428,601$497,538$326,286$1,045,799
70$1,505,912$453,512$268,811$1,066,626
71$1,588,955$405,174$207,256$1,088,744
72$1,678,246$352,245$141,416$1,112,334
73$1,774,352$294,429$71,078$1,137,600
74$1,877,895$231,416$0$1,164,773
75$1,989,561$162,875$0$1,195,007
76$2,110,100$88,460$0$1,244,752
77$2,240,338$7,803$0$1,298,450
78$2,381,184$0$0$1,356,522
79$2,533,635$0$0$1,442,181
80$2,698,787$0$0$1,537,455
81$2,877,846$0$0$1,640,814
82$3,072,138$0$0$1,753,032
83$3,283,122$0$0$1,874,959
84$3,512,402$0$0$2,007,530
85$3,761,741$0$0$2,151,776
86$4,033,082$0$0$2,308,829
87$4,328,561$0$0$2,479,934
88$4,650,528$0$0$2,666,463
89$5,001,569$0$0$2,869,926
90$5,384,533$0$0$3,091,984
91$5,802,552$0$0$3,334,466
92$6,259,076$0$0$3,599,384
93$6,757,903$0$0$3,888,956
94$7,303,212$0$0$4,205,620
95$7,899,608$0$0$4,552,064
96$8,552,156$0$0$4,931,246
97$9,266,439$0$0$5,346,422
98$10,048,600$0$0$5,801,181
99$10,905,407$0$0$6,299,471
100$11,844,311$0$0$6,845,644