Can I retire at age 57 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$60,778$60,237$59,709$59,193$58,690$57,155
2 years$30,088$29,528$28,985$28,458$27,947$26,412
3 years$19,860$19,297$18,755$18,233$17,731$16,242
4 years$14,746$14,185$13,649$13,136$12,646$11,216
5 years$11,679$11,121$10,592$10,090$9,613$8,245
6 years$9,635$9,081$8,560$8,069$7,607$6,303
7 years$8,175$7,627$7,113$6,634$6,186$4,946
8 years$7,081$6,537$6,033$5,565$5,132$3,955
9 years$6,231$5,692$5,196$4,740$4,322$3,207
10 years$5,551$5,017$4,530$4,086$3,683$2,629
11 years$4,995$4,467$3,988$3,556$3,167$2,172
12 years$4,532$4,009$3,539$3,119$2,745$1,807
13 years$4,140$3,623$3,162$2,754$2,393$1,512
14 years$3,805$3,293$2,841$2,444$2,098$1,270
15 years$3,515$3,008$2,565$2,180$1,847$1,070
16 years$3,261$2,760$2,326$1,952$1,633$905
17 years$3,037$2,542$2,116$1,754$1,448$767
18 years$2,838$2,349$1,932$1,581$1,287$652
19 years$2,661$2,177$1,769$1,428$1,147$554
20 years$2,501$2,023$1,623$1,293$1,025$472
21 years$2,357$1,884$1,493$1,174$917$403
22 years$2,226$1,759$1,376$1,067$822$344
23 years$2,107$1,645$1,271$972$738$294
24 years$1,998$1,541$1,175$887$663$251
25 years$1,898$1,446$1,088$810$597$215
26 years$1,805$1,359$1,009$740$538$184
27 years$1,720$1,279$937$678$485$158
28 years$1,640$1,206$871$621$437$135
29 years$1,567$1,137$811$569$395$116
30 years$1,498$1,074$755$523$357$100
31 years$1,434$1,015$704$480$323$85
32 years$1,374$961$657$441$292$73
33 years$1,318$910$613$406$264$63
34 years$1,265$862$573$373$239$54
35 years$1,216$818$536$344$217$46
36 years$1,169$776$501$316$196$40
37 years$1,125$737$469$291$178$34
38 years$1,083$701$439$269$161$29
39 years$1,044$666$412$248$146$25
40 years$1,006$634$386$228$133$22
41 years$971$603$362$211$120$19
42 years$937$575$339$195$109$16
43 years$905$548$318$180$99$14
44 years$874$522$299$166$90$12
45 years$845$498$281$153$82$10
46 years$818$475$264$141$74$9
47 years$791$453$248$131$67$7
48 years$766$433$233$121$61$6
49 years$742$413$219$112$56$6
50 years$719$395$206$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $736,000, adding $5,749 every year, while hoping to spend $44,094 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: 82/9/9 Blend
56$736,000$736,000$736,000$736,000
57$817,002$777,994$766,586$882,490
58$853,421$769,200$745,351$917,406
59$892,076$758,497$721,927$949,282
60$933,150$745,746$696,193$982,940
61$976,841$730,797$668,026$1,018,532
62$1,023,366$713,494$637,292$1,056,230
63$1,072,964$693,670$603,856$1,096,220
64$1,125,896$671,149$567,574$1,138,707
65$1,182,446$645,744$528,297$1,183,918
66$1,242,928$617,258$485,867$1,232,103
67$1,307,685$585,482$440,123$1,283,538
68$1,377,094$550,196$390,892$1,338,526
69$1,451,568$511,165$337,997$1,397,402
70$1,531,559$468,143$281,250$1,460,534
71$1,617,565$420,869$220,459$1,528,330
72$1,710,131$369,067$155,420$1,601,239
73$1,809,859$312,445$85,920$1,679,754
74$1,917,405$250,696$11,739$1,764,421
75$2,033,493$183,493$0$1,855,843
76$2,158,919$110,493$0$1,961,157
77$2,294,555$31,334$0$2,076,245
78$2,441,363$0$0$2,200,810
79$2,600,396$0$0$2,341,151
80$2,772,817$0$0$2,496,684
81$2,959,901$0$0$2,665,459
82$3,163,051$0$0$2,848,743
83$3,383,811$0$0$3,047,931
84$3,623,881$0$0$3,264,558
85$3,885,127$0$0$3,500,312
86$4,169,606$0$0$3,757,049
87$4,479,580$0$0$4,036,815
88$4,817,539$0$0$4,341,858
89$5,186,223$0$0$4,674,654
90$5,588,647$0$0$5,037,928
91$6,028,131$0$0$5,434,680
92$6,508,330$0$0$5,868,210
93$7,033,267$0$0$6,342,156
94$7,607,372$0$0$6,860,519
95$8,235,522$0$0$7,427,705
96$8,923,088$0$0$8,048,569
97$9,675,983$0$0$8,728,452
98$10,500,720$0$0$9,473,240
99$11,404,470$0$0$10,289,412
100$12,395,132$0$0$11,184,106