Can I retire at age 57 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$61,109$60,564$60,033$59,515$59,009$58,175
2 years$30,252$29,688$29,142$28,613$28,099$27,261
3 years$19,967$19,402$18,857$18,333$17,827$17,010
4 years$14,826$14,262$13,723$13,208$12,715$11,925
5 years$11,743$11,182$10,650$10,145$9,665$8,906
6 years$9,687$9,131$8,607$8,113$7,648$6,920
7 years$8,220$7,668$7,152$6,670$6,220$5,523
8 years$7,120$6,573$6,066$5,595$5,160$4,494
9 years$6,265$5,723$5,224$4,766$4,345$3,710
10 years$5,581$5,044$4,555$4,108$3,703$3,098
11 years$5,022$4,491$4,010$3,575$3,184$2,609
12 years$4,556$4,031$3,559$3,136$2,759$2,213
13 years$4,163$3,643$3,179$2,769$2,406$1,888
14 years$3,826$3,311$2,857$2,458$2,109$1,619
15 years$3,534$3,025$2,579$2,192$1,857$1,393
16 years$3,278$2,775$2,338$1,963$1,641$1,203
17 years$3,054$2,556$2,128$1,763$1,455$1,042
18 years$2,854$2,362$1,942$1,589$1,294$905
19 years$2,675$2,189$1,778$1,436$1,153$787
20 years$2,515$2,034$1,632$1,301$1,030$686
21 years$2,370$1,894$1,501$1,180$922$599
22 years$2,238$1,768$1,383$1,073$826$523
23 years$2,119$1,654$1,277$977$742$458
24 years$2,009$1,550$1,181$891$667$401
25 years$1,908$1,454$1,094$814$600$351
26 years$1,815$1,367$1,015$744$540$308
27 years$1,729$1,286$942$681$487$270
28 years$1,649$1,212$876$624$440$238
29 years$1,575$1,143$815$572$397$209
30 years$1,506$1,080$759$525$359$183
31 years$1,442$1,021$708$483$324$161
32 years$1,382$966$661$443$293$142
33 years$1,325$915$617$408$266$125
34 years$1,272$867$576$375$240$110
35 years$1,222$822$539$345$218$97
36 years$1,175$780$504$318$197$85
37 years$1,131$741$472$293$179$75
38 years$1,089$704$442$270$162$66
39 years$1,049$670$414$249$147$58
40 years$1,012$637$388$230$133$51
41 years$976$607$364$212$121$45
42 years$942$578$341$196$110$40
43 years$910$551$320$181$100$35
44 years$879$525$301$167$90$31
45 years$850$500$282$154$82$27
46 years$822$477$265$142$75$24
47 years$796$456$249$131$68$21
48 years$770$435$234$121$61$19
49 years$746$415$220$112$56$16
50 years$722$397$207$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $740,000, adding $6,786 every year, while hoping to spend $49,359 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: 49/27/24 Blend
56$740,000$740,000$740,000$740,000
57$822,480$783,260$771,790$856,901
58$853,855$769,122$745,127$867,466
59$886,776$752,637$715,917$873,447
60$921,349$733,638$684,022$878,945
61$957,688$711,948$649,298$883,936
62$995,919$687,379$611,596$888,399
63$1,036,175$659,734$570,757$892,310
64$1,078,607$628,802$526,619$895,651
65$1,123,373$594,362$479,009$898,403
66$1,170,650$556,179$427,749$900,549
67$1,220,630$514,005$372,652$902,076
68$1,273,520$467,577$313,522$902,976
69$1,329,550$416,619$250,155$903,241
70$1,388,967$360,836$182,339$902,870
71$1,452,045$299,921$109,850$901,869
72$1,519,081$233,544$32,458$900,247
73$1,590,401$161,361$0$898,023
74$1,666,361$83,007$0$908,062
75$1,747,352$0$0$927,266
76$1,833,801$0$0$947,995
77$1,926,177$0$0$996,546
78$2,024,993$0$0$1,048,533
79$2,130,813$0$0$1,104,259
80$2,244,253$0$0$1,164,054
81$2,365,991$0$0$1,228,285
82$2,496,770$0$0$1,297,350
83$2,637,406$0$0$1,371,688
84$2,788,795$0$0$1,451,783
85$2,951,920$0$0$1,538,163
86$3,127,863$0$0$1,631,410
87$3,317,809$0$0$1,732,164
88$3,523,063$0$0$1,841,126
89$3,745,058$0$0$1,959,069
90$3,985,370$0$0$2,086,843
91$4,245,731$0$0$2,225,379
92$4,528,045$0$0$2,375,706
93$4,834,407$0$0$2,538,950
94$5,167,119$0$0$2,716,355
95$5,528,715$0$0$2,909,285
96$5,921,982$0$0$3,119,244
97$6,349,987$0$0$3,347,885
98$6,816,103$0$0$3,597,028
99$7,324,044$0$0$3,868,674
100$7,877,894$0$0$4,165,028