Can I retire at age 57 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$60,943$60,400$59,871$59,354$58,849$57,708
2 years$30,170$29,608$29,064$28,536$28,023$26,879
3 years$19,914$19,349$18,806$18,283$17,779$16,666
4 years$14,786$14,224$13,686$13,172$12,680$11,608
5 years$11,711$11,152$10,621$10,117$9,639$8,610
6 years$9,661$9,106$8,583$8,091$7,627$6,643
7 years$8,198$7,647$7,133$6,652$6,203$5,263
8 years$7,100$6,555$6,049$5,580$5,146$4,251
9 years$6,248$5,707$5,210$4,753$4,334$3,482
10 years$5,566$5,031$4,542$4,097$3,693$2,884
11 years$5,008$4,479$3,999$3,566$3,176$2,410
12 years$4,544$4,020$3,549$3,128$2,752$2,027
13 years$4,151$3,633$3,171$2,761$2,400$1,715
14 years$3,815$3,302$2,849$2,451$2,104$1,457
15 years$3,524$3,016$2,572$2,186$1,852$1,243
16 years$3,270$2,768$2,332$1,957$1,637$1,064
17 years$3,045$2,549$2,122$1,759$1,451$913
18 years$2,846$2,355$1,937$1,585$1,291$785
19 years$2,668$2,183$1,773$1,432$1,150$676
20 years$2,508$2,028$1,628$1,297$1,027$584
21 years$2,364$1,889$1,497$1,177$919$504
22 years$2,232$1,764$1,380$1,070$824$436
23 years$2,113$1,649$1,274$975$740$378
24 years$2,003$1,545$1,178$889$665$328
25 years$1,903$1,450$1,091$812$598$284
26 years$1,810$1,363$1,012$742$539$247
27 years$1,724$1,283$940$679$486$214
28 years$1,645$1,209$874$623$438$186
29 years$1,571$1,140$813$571$396$162
30 years$1,502$1,077$757$524$358$141
31 years$1,438$1,018$706$481$323$123
32 years$1,378$963$659$442$293$107
33 years$1,322$912$615$407$265$93
34 years$1,269$865$575$374$240$81
35 years$1,219$820$537$344$217$70
36 years$1,172$778$503$317$197$61
37 years$1,128$739$470$292$178$53
38 years$1,086$703$441$269$162$47
39 years$1,046$668$413$248$147$41
40 years$1,009$636$387$229$133$35
41 years$973$605$363$211$121$31
42 years$940$576$340$195$109$27
43 years$907$549$319$180$99$23
44 years$877$523$300$166$90$20
45 years$848$499$281$154$82$18
46 years$820$476$264$142$74$15
47 years$793$454$248$131$67$13
48 years$768$434$233$121$61$12
49 years$744$414$219$112$56$10
50 years$721$396$206$103$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $738,000, adding $4,887 every year, while hoping to spend $34,004 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: 33/49/18 Blend
56$738,000$738,000$738,000$738,000
57$818,317$779,203$767,764$840,613
58$865,605$781,204$757,304$859,519
59$916,577$782,163$745,354$876,398
60$971,573$781,994$731,828$893,869
61$1,030,966$780,604$716,637$912,004
62$1,095,165$777,895$699,685$930,885
63$1,164,624$773,763$680,876$950,603
64$1,239,835$768,098$660,106$971,264
65$1,321,346$760,782$637,267$992,985
66$1,409,755$751,692$612,247$1,015,899
67$1,505,721$740,696$584,928$1,040,156
68$1,609,969$727,654$555,187$1,065,927
69$1,723,296$712,419$522,896$1,093,401
70$1,846,580$694,835$487,921$1,122,791
71$1,980,785$674,736$450,120$1,154,338
72$2,126,973$651,946$409,347$1,188,310
73$2,286,313$626,280$365,449$1,225,009
74$2,460,091$597,542$318,266$1,264,772
75$2,649,722$565,524$267,630$1,307,975
76$2,856,765$530,006$213,366$1,355,040
77$3,082,935$490,755$155,294$1,406,437
78$3,330,119$447,528$93,221$1,462,692
79$3,600,397$400,062$26,950$1,524,390
80$3,896,057$348,085$0$1,592,185
81$4,219,621$291,307$0$1,675,210
82$4,573,861$229,420$0$1,771,938
83$4,961,836$162,102$0$1,878,133
84$5,386,909$89,011$0$1,994,843
85$5,852,786$9,786$0$2,123,229
86$6,363,551$0$0$2,264,580
87$6,923,697$0$0$2,461,278
88$7,538,177$0$0$2,682,958
89$8,212,444$0$0$2,926,323
90$8,952,506$0$0$3,193,557
91$9,764,979$0$0$3,487,064
92$10,657,154$0$0$3,809,494
93$11,637,058$0$0$4,163,765
94$12,713,538$0$0$4,553,090
95$13,896,339$0$0$4,981,012
96$15,196,195$0$0$5,451,433
97$16,624,932$0$0$5,968,651
98$18,195,581$0$0$6,537,402
99$19,922,496$0$0$7,162,905
100$21,821,491$0$0$7,850,907