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%17.5%
1 years$61,109$60,564$60,033$59,515$59,009$57,211
2 years$30,252$29,688$29,142$28,613$28,099$26,304
3 years$19,967$19,402$18,857$18,333$17,827$16,090
4 years$14,826$14,262$13,723$13,208$12,715$11,049
5 years$11,743$11,182$10,650$10,145$9,665$8,076
6 years$9,687$9,131$8,607$8,113$7,648$6,136
7 years$8,220$7,668$7,152$6,670$6,220$4,785
8 years$7,120$6,573$6,066$5,595$5,160$3,802
9 years$6,265$5,723$5,224$4,766$4,345$3,063
10 years$5,581$5,044$4,555$4,108$3,703$2,493
11 years$5,022$4,491$4,010$3,575$3,184$2,046
12 years$4,556$4,031$3,559$3,136$2,759$1,690
13 years$4,163$3,643$3,179$2,769$2,406$1,403
14 years$3,826$3,311$2,857$2,458$2,109$1,169
15 years$3,534$3,025$2,579$2,192$1,857$978
16 years$3,278$2,775$2,338$1,963$1,641$821
17 years$3,054$2,556$2,128$1,763$1,455$690
18 years$2,854$2,362$1,942$1,589$1,294$581
19 years$2,675$2,189$1,778$1,436$1,153$490
20 years$2,515$2,034$1,632$1,301$1,030$414
21 years$2,370$1,894$1,501$1,180$922$350
22 years$2,238$1,768$1,383$1,073$826$297
23 years$2,119$1,654$1,277$977$742$251
24 years$2,009$1,550$1,181$891$667$213
25 years$1,908$1,454$1,094$814$600$181
26 years$1,815$1,367$1,015$744$540$154
27 years$1,729$1,286$942$681$487$130
28 years$1,649$1,212$876$624$440$111
29 years$1,575$1,143$815$572$397$94
30 years$1,506$1,080$759$525$359$80
31 years$1,442$1,021$708$483$324$68
32 years$1,382$966$661$443$293$58
33 years$1,325$915$617$408$266$49
34 years$1,272$867$576$375$240$42
35 years$1,222$822$539$345$218$36
36 years$1,175$780$504$318$197$30
37 years$1,131$741$472$293$179$26
38 years$1,089$704$442$270$162$22
39 years$1,049$670$414$249$147$19
40 years$1,012$637$388$230$133$16
41 years$976$607$364$212$121$13
42 years$942$578$341$196$110$11
43 years$910$551$320$181$100$10
44 years$879$525$301$167$90$8
45 years$850$500$282$154$82$7
46 years$822$477$265$142$75$6
47 years$796$456$249$131$68$5
48 years$770$435$234$121$61$4
49 years$746$415$220$112$56$4
50 years$722$397$207$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $740,000, adding $5,146 every year, while hoping to spend $24,325 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: 58/13/29 Blend
56$740,000$740,000$740,000$740,000
57$820,788$781,568$770,098$861,608
58$878,627$793,983$770,015$902,591
59$941,550$806,192$769,113$944,265
60$1,010,050$818,157$767,341$989,211
61$1,084,670$829,842$764,641$1,037,755
62$1,166,006$841,204$760,957$1,090,254
63$1,254,716$852,200$756,226$1,147,105
64$1,351,522$862,783$750,385$1,208,744
65$1,457,220$872,902$743,365$1,275,652
66$1,572,687$882,504$735,098$1,348,361
67$1,698,886$891,532$725,509$1,427,459
68$1,836,880$899,924$714,521$1,513,591
69$1,987,837$907,616$702,053$1,607,473
70$2,153,045$914,539$688,021$1,709,892
71$2,333,922$920,617$672,336$1,821,718
72$2,532,028$925,773$654,905$1,943,910
73$2,749,082$929,924$635,632$2,077,527
74$2,986,978$932,979$614,415$2,223,735
75$3,247,800$934,845$591,148$2,383,824
76$3,533,844$935,421$565,720$2,559,214
77$3,847,641$934,601$538,016$2,751,472
78$4,191,974$932,271$507,914$2,962,327
79$4,569,914$928,311$475,287$3,193,686
80$4,984,840$922,593$440,004$3,447,653
81$5,440,476$914,982$401,926$3,726,548
82$5,940,922$905,334$360,908$4,032,930
83$6,490,698$893,497$316,801$4,369,619
84$7,094,781$879,310$269,445$4,739,730
85$7,758,654$862,602$218,677$5,146,695
86$8,488,359$843,191$164,325$5,594,297
87$9,290,551$820,887$106,209$6,086,713
88$10,172,562$795,485$44,142$6,628,543
89$11,142,472$766,772$0$7,224,865
90$12,209,180$734,520$0$7,888,112
91$13,382,492$698,487$0$8,632,639
92$14,673,214$658,421$0$9,451,644
93$16,093,249$614,051$0$10,352,697
94$17,655,714$565,092$0$11,344,144
95$19,375,060$511,245$0$12,435,179
96$21,267,211$452,191$0$13,635,937
97$23,349,712$387,594$0$14,957,584
98$25,641,895$317,099$0$16,412,429
99$28,165,063$240,331$0$18,014,035
100$30,942,685$156,894$0$19,777,350