Can I retire at age 57 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$61,521$60,973$60,439$59,917$59,407$57,414
2 years$30,456$29,889$29,339$28,806$28,289$26,300
3 years$20,102$19,533$18,984$18,456$17,948$16,026
4 years$14,927$14,359$13,816$13,297$12,801$10,961
5 years$11,822$11,257$10,722$10,213$9,731$7,978
6 years$9,753$9,192$8,665$8,168$7,700$6,035
7 years$8,275$7,720$7,200$6,715$6,262$4,685
8 years$7,168$6,617$6,106$5,633$5,195$3,705
9 years$6,307$5,762$5,260$4,798$4,375$2,970
10 years$5,619$5,079$4,585$4,136$3,728$2,405
11 years$5,056$4,521$4,037$3,600$3,206$1,964
12 years$4,587$4,058$3,583$3,157$2,778$1,613
13 years$4,191$3,667$3,201$2,787$2,423$1,332
14 years$3,851$3,333$2,876$2,474$2,124$1,104
15 years$3,558$3,045$2,597$2,207$1,870$919
16 years$3,301$2,794$2,354$1,976$1,653$766
17 years$3,074$2,573$2,142$1,775$1,465$640
18 years$2,873$2,378$1,956$1,600$1,303$536
19 years$2,694$2,203$1,790$1,446$1,161$450
20 years$2,532$2,048$1,643$1,309$1,037$378
21 years$2,386$1,907$1,511$1,188$928$317
22 years$2,254$1,780$1,393$1,080$832$267
23 years$2,133$1,665$1,286$984$747$225
24 years$2,022$1,560$1,189$897$671$189
25 years$1,921$1,464$1,102$820$604$160
26 years$1,827$1,376$1,022$749$544$135
27 years$1,741$1,295$949$686$491$114
28 years$1,660$1,220$882$628$443$96
29 years$1,586$1,151$821$576$400$81
30 years$1,516$1,087$764$529$361$68
31 years$1,452$1,028$713$486$327$58
32 years$1,391$972$665$446$295$49
33 years$1,334$921$621$411$267$41
34 years$1,281$873$580$378$242$35
35 years$1,231$828$542$348$219$29
36 years$1,183$786$507$320$199$25
37 years$1,139$746$475$295$180$21
38 years$1,096$709$445$272$163$18
39 years$1,056$674$417$251$148$15
40 years$1,019$642$391$231$134$13
41 years$983$611$366$213$122$11
42 years$948$582$343$197$110$9
43 years$916$554$322$182$100$8
44 years$885$528$303$168$91$6
45 years$856$504$284$155$83$5
46 years$828$481$267$143$75$5
47 years$801$459$251$132$68$4
48 years$775$438$236$122$62$3
49 years$751$418$221$113$56$3
50 years$727$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $745,000, adding $2,025 every year, while hoping to spend $57,270 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: 59/35/6 Blend
56$745,000$745,000$745,000$745,000
57$823,079$783,594$772,046$870,555
58$846,098$761,055$736,975$880,072
59$869,546$735,492$698,809$883,717
60$893,405$706,697$657,385$886,247
61$917,656$674,449$612,531$887,555
62$942,274$638,514$564,068$887,529
63$967,230$598,645$511,808$886,049
64$992,490$554,581$455,556$882,984
65$1,018,014$506,046$395,108$878,195
66$1,043,757$452,748$330,250$871,531
67$1,069,666$394,379$260,759$862,833
68$1,095,680$330,611$186,402$851,925
69$1,121,731$261,102$106,938$838,622
70$1,147,738$185,487$22,111$822,724
71$1,173,614$103,382$0$804,014
72$1,199,256$14,381$0$786,642
73$1,224,550$0$0$767,774
74$1,249,368$0$0$777,302
75$1,273,565$0$0$791,932
76$1,296,978$0$0$806,017
77$1,319,425$0$0$819,438
78$1,340,701$0$0$832,060
79$1,360,578$0$0$843,735
80$1,378,801$0$0$854,296
81$1,395,085$0$0$863,555
82$1,409,113$0$0$871,305
83$1,420,531$0$0$877,316
84$1,428,947$0$0$881,329
85$1,433,921$0$0$883,060
86$1,434,969$0$0$882,190
87$1,431,549$0$0$878,366
88$1,423,062$0$0$871,197
89$1,408,842$0$0$860,249
90$1,388,152$0$0$845,041
91$1,360,173$0$0$825,038
92$1,323,998$0$0$799,649
93$1,278,624$0$0$768,221
94$1,222,939$0$0$730,027
95$1,155,711$0$0$684,266
96$1,075,580$0$0$630,051
97$981,037$0$0$566,399
98$870,417$0$0$492,226
99$741,878$0$0$406,330
100$593,381$0$0$307,386