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%19.5%
1 years$61,109$60,564$60,033$59,515$59,009$56,757
2 years$30,252$29,688$29,142$28,613$28,099$25,857
3 years$19,967$19,402$18,857$18,333$17,827$15,666
4 years$14,826$14,262$13,723$13,208$12,715$10,650
5 years$11,743$11,182$10,650$10,145$9,665$7,702
6 years$9,687$9,131$8,607$8,113$7,648$5,788
7 years$8,220$7,668$7,152$6,670$6,220$4,463
8 years$7,120$6,573$6,066$5,595$5,160$3,504
9 years$6,265$5,723$5,224$4,766$4,345$2,788
10 years$5,581$5,044$4,555$4,108$3,703$2,241
11 years$5,022$4,491$4,010$3,575$3,184$1,815
12 years$4,556$4,031$3,559$3,136$2,759$1,480
13 years$4,163$3,643$3,179$2,769$2,406$1,212
14 years$3,826$3,311$2,857$2,458$2,109$996
15 years$3,534$3,025$2,579$2,192$1,857$822
16 years$3,278$2,775$2,338$1,963$1,641$679
17 years$3,054$2,556$2,128$1,763$1,455$563
18 years$2,854$2,362$1,942$1,589$1,294$467
19 years$2,675$2,189$1,778$1,436$1,153$388
20 years$2,515$2,034$1,632$1,301$1,030$323
21 years$2,370$1,894$1,501$1,180$922$269
22 years$2,238$1,768$1,383$1,073$826$224
23 years$2,119$1,654$1,277$977$742$187
24 years$2,009$1,550$1,181$891$667$156
25 years$1,908$1,454$1,094$814$600$130
26 years$1,815$1,367$1,015$744$540$109
27 years$1,729$1,286$942$681$487$91
28 years$1,649$1,212$876$624$440$76
29 years$1,575$1,143$815$572$397$64
30 years$1,506$1,080$759$525$359$53
31 years$1,442$1,021$708$483$324$44
32 years$1,382$966$661$443$293$37
33 years$1,325$915$617$408$266$31
34 years$1,272$867$576$375$240$26
35 years$1,222$822$539$345$218$22
36 years$1,175$780$504$318$197$18
37 years$1,131$741$472$293$179$15
38 years$1,089$704$442$270$162$13
39 years$1,049$670$414$249$147$11
40 years$1,012$637$388$230$133$9
41 years$976$607$364$212$121$7
42 years$942$578$341$196$110$6
43 years$910$551$320$181$100$5
44 years$879$525$301$167$90$4
45 years$850$500$282$154$82$4
46 years$822$477$265$142$75$3
47 years$796$456$249$131$68$3
48 years$770$435$234$121$61$2
49 years$746$415$220$112$56$2
50 years$722$397$207$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $740,000, adding $6,328 every year, while hoping to spend $54,927 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: 73/17/10 Blend
56$740,000$740,000$740,000$740,000
57$822,007$782,787$771,317$880,020
58$847,410$762,702$738,715$899,101
59$873,563$739,792$703,179$912,540
60$900,485$713,860$664,553$925,745
61$928,194$684,698$622,676$938,676
62$956,709$652,088$577,374$951,291
63$986,048$615,795$528,471$963,547
64$1,016,230$575,574$475,780$975,395
65$1,047,274$531,165$419,107$986,782
66$1,079,196$482,293$358,248$997,654
67$1,112,016$428,667$292,990$1,007,952
68$1,145,749$369,979$223,113$1,017,611
69$1,180,413$305,905$148,385$1,026,563
70$1,216,023$236,103$68,564$1,034,736
71$1,252,594$160,209$0$1,042,050
72$1,290,141$77,841$0$1,050,195
73$1,328,675$0$0$1,065,230
74$1,368,208$0$0$1,081,899
75$1,408,751$0$0$1,113,922
76$1,450,309$0$0$1,146,744
77$1,492,889$0$0$1,180,369
78$1,536,494$0$0$1,214,799
79$1,581,124$0$0$1,250,032
80$1,626,775$0$0$1,286,066
81$1,673,440$0$0$1,322,894
82$1,721,107$0$0$1,360,506
83$1,769,762$0$0$1,398,889
84$1,819,383$0$0$1,438,025
85$1,869,941$0$0$1,477,891
86$1,921,403$0$0$1,518,459
87$1,973,728$0$0$1,559,694
88$2,026,864$0$0$1,601,555
89$2,080,752$0$0$1,643,993
90$2,135,322$0$0$1,686,951
91$2,190,492$0$0$1,730,362
92$2,246,166$0$0$1,774,148
93$2,302,235$0$0$1,818,220
94$2,358,572$0$0$1,862,474
95$2,415,032$0$0$1,906,795
96$2,471,453$0$0$1,951,049
97$2,527,645$0$0$1,995,084
98$2,583,399$0$0$2,038,729
99$2,638,474$0$0$2,081,790
100$2,692,602$0$0$2,124,050