Can I retire at age 57 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$61,191$60,646$60,114$59,595$59,088$57,151
2 years$30,293$29,728$29,182$28,652$28,137$26,204
3 years$19,994$19,428$18,882$18,357$17,851$15,983
4 years$14,846$14,282$13,742$13,225$12,732$10,942
5 years$11,758$11,197$10,664$10,158$9,679$7,973
6 years$9,700$9,143$8,618$8,124$7,658$6,038
7 years$8,231$7,678$7,162$6,679$6,228$4,693
8 years$7,129$6,582$6,074$5,603$5,167$3,715
9 years$6,273$5,731$5,231$4,772$4,351$2,982
10 years$5,588$5,051$4,561$4,114$3,708$2,418
11 years$5,029$4,497$4,015$3,580$3,189$1,976
12 years$4,562$4,036$3,563$3,140$2,763$1,626
13 years$4,168$3,647$3,184$2,772$2,410$1,344
14 years$3,831$3,315$2,861$2,461$2,112$1,116
15 years$3,538$3,029$2,583$2,195$1,860$930
16 years$3,283$2,779$2,342$1,965$1,644$776
17 years$3,058$2,559$2,131$1,766$1,457$650
18 years$2,858$2,365$1,945$1,591$1,296$545
19 years$2,679$2,192$1,781$1,438$1,155$458
20 years$2,518$2,037$1,634$1,302$1,032$385
21 years$2,373$1,897$1,503$1,182$923$324
22 years$2,242$1,771$1,385$1,075$828$273
23 years$2,121$1,656$1,279$979$743$230
24 years$2,011$1,552$1,183$893$668$194
25 years$1,910$1,456$1,096$815$601$164
26 years$1,817$1,369$1,016$745$541$139
27 years$1,731$1,288$944$682$488$117
28 years$1,652$1,214$877$625$440$99
29 years$1,577$1,145$816$573$398$84
30 years$1,508$1,081$760$526$359$71
31 years$1,444$1,022$709$483$325$60
32 years$1,384$967$661$444$294$51
33 years$1,327$916$618$408$266$43
34 years$1,274$868$577$376$241$36
35 years$1,224$823$539$346$218$31
36 years$1,177$782$505$319$198$26
37 years$1,132$742$472$293$179$22
38 years$1,090$705$442$270$162$19
39 years$1,051$671$414$249$147$16
40 years$1,013$638$388$230$134$13
41 years$977$608$364$212$121$11
42 years$943$579$342$196$110$10
43 years$911$551$321$181$100$8
44 years$880$525$301$167$91$7
45 years$851$501$283$154$82$6
46 years$823$478$265$142$75$5
47 years$797$456$249$132$68$4
48 years$771$435$234$122$62$4
49 years$747$416$220$112$56$3
50 years$723$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 $741,000, adding $2,720 every year, while hoping to spend $41,867 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: 75/18/7 Blend
56$741,000$741,000$741,000$741,000
57$819,388$780,115$768,629$879,886
58$858,419$773,794$749,832$913,743
59$900,028$765,761$729,002$945,232
60$944,435$755,886$706,027$978,534
61$991,877$744,035$680,789$1,013,813
62$1,042,619$730,063$653,166$1,051,249
63$1,096,948$713,817$623,028$1,091,043
64$1,155,179$695,138$590,243$1,133,417
65$1,217,660$673,852$554,669$1,178,613
66$1,284,771$649,780$516,160$1,226,901
67$1,356,929$622,731$474,562$1,278,581
68$1,434,592$592,501$429,716$1,333,979
69$1,518,263$558,876$381,454$1,393,461
70$1,608,495$521,630$329,602$1,457,426
71$1,705,894$480,523$273,977$1,526,319
72$1,811,129$435,301$214,388$1,600,630
73$1,924,931$385,698$150,637$1,680,899
74$2,048,106$331,430$82,516$1,767,724
75$2,181,541$272,198$9,808$1,861,766
76$2,326,208$207,686$0$1,963,752
77$2,483,180$137,561$0$2,079,552
78$2,653,633$61,470$0$2,206,103
79$2,838,863$0$0$2,343,671
80$3,040,295$0$0$2,497,513
81$3,259,497$0$0$2,678,201
82$3,498,193$0$0$2,874,988
83$3,758,284$0$0$3,089,440
84$4,041,856$0$0$3,323,284
85$4,351,210$0$0$3,578,420
86$4,688,877$0$0$3,856,938
87$5,057,641$0$0$4,161,142
88$5,460,570$0$0$4,493,564
89$5,901,040$0$0$4,856,996
90$6,382,768$0$0$5,254,507
91$6,909,847$0$0$5,689,481
92$7,486,782$0$0$6,165,640
93$8,118,538$0$0$6,687,087
94$8,810,577$0$0$7,258,337
95$9,568,919$0$0$7,884,363
96$10,400,191$0$0$8,570,643
97$11,311,694$0$0$9,323,208
98$12,311,465$0$0$10,148,704
99$13,408,362$0$0$11,054,447
100$14,612,138$0$0$12,048,500