Can I retire at age 57 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$61,687$61,137$60,601$60,078$59,567$57,181
2 years$30,538$29,969$29,418$28,884$28,365$25,991
3 years$20,156$19,585$19,035$18,506$17,996$15,709
4 years$14,967$14,397$13,853$13,333$12,835$10,652
5 years$11,854$11,288$10,750$10,241$9,757$7,684
6 years$9,779$9,217$8,688$8,190$7,720$5,758
7 years$8,298$7,741$7,220$6,733$6,279$4,427
8 years$7,187$6,635$6,123$5,648$5,209$3,466
9 years$6,324$5,777$5,274$4,811$4,387$2,749
10 years$5,634$5,092$4,598$4,147$3,738$2,203
11 years$5,069$4,533$4,048$3,609$3,214$1,779
12 years$4,599$4,069$3,592$3,166$2,786$1,445
13 years$4,202$3,677$3,209$2,795$2,429$1,179
14 years$3,862$3,342$2,884$2,481$2,129$966
15 years$3,567$3,053$2,604$2,213$1,875$794
16 years$3,309$2,801$2,361$1,981$1,657$654
17 years$3,082$2,580$2,148$1,780$1,469$540
18 years$2,881$2,384$1,961$1,604$1,306$446
19 years$2,701$2,209$1,795$1,450$1,164$370
20 years$2,539$2,053$1,647$1,313$1,040$306
21 years$2,392$1,912$1,515$1,191$931$254
22 years$2,260$1,785$1,397$1,083$834$211
23 years$2,139$1,670$1,289$987$749$175
24 years$2,028$1,564$1,193$900$673$146
25 years$1,926$1,468$1,105$822$606$121
26 years$1,832$1,380$1,024$751$546$101
27 years$1,745$1,298$951$688$492$84
28 years$1,665$1,224$884$630$444$70
29 years$1,590$1,154$823$578$401$58
30 years$1,521$1,090$767$530$362$48
31 years$1,456$1,030$715$487$327$40
32 years$1,395$975$667$448$296$34
33 years$1,338$923$623$412$268$28
34 years$1,284$875$582$379$243$23
35 years$1,234$830$544$349$220$19
36 years$1,186$788$509$321$199$16
37 years$1,142$748$476$296$180$13
38 years$1,099$711$446$273$164$11
39 years$1,059$676$418$251$148$9
40 years$1,021$643$392$232$135$8
41 years$985$612$367$214$122$6
42 years$951$583$344$197$111$5
43 years$919$556$323$182$101$5
44 years$888$530$303$168$91$4
45 years$858$505$285$155$83$3
46 years$830$482$268$144$75$3
47 years$803$460$251$133$68$2
48 years$777$439$236$123$62$2
49 years$753$419$222$113$56$2
50 years$729$400$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $747,000, adding $3,442 every year, while hoping to spend $37,990 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: 45/44/11 Blend
56$747,000$747,000$747,000$747,000
57$826,744$787,153$775,575$861,220
58$870,651$785,303$761,136$883,626
59$917,763$782,088$744,939$903,754
60$968,368$777,403$726,887$924,728
61$1,022,779$771,133$706,875$946,637
62$1,081,342$763,159$684,796$969,588
63$1,144,438$753,352$660,535$993,695
64$1,212,482$741,579$633,975$1,019,090
65$1,285,934$727,694$604,991$1,045,920
66$1,365,295$711,547$573,455$1,074,350
67$1,451,120$692,978$539,230$1,104,565
68$1,544,015$671,815$502,175$1,136,771
69$1,644,649$647,878$462,143$1,171,200
70$1,753,758$620,978$418,979$1,208,111
71$1,872,147$590,913$372,521$1,247,794
72$2,000,708$557,469$322,602$1,290,571
73$2,140,415$520,420$269,044$1,336,803
74$2,292,346$479,529$211,665$1,386,892
75$2,457,682$434,543$150,273$1,441,288
76$2,637,725$385,195$84,667$1,500,489
77$2,833,907$331,204$14,637$1,565,053
78$3,047,804$272,272$0$1,635,598
79$3,281,152$208,084$0$1,719,869
80$3,535,859$138,310$0$1,813,869
81$3,814,027$62,597$0$1,916,759
82$4,117,969$0$0$2,029,516
83$4,450,233$0$0$2,162,627
84$4,813,624$0$0$2,341,438
85$5,211,229$0$0$2,537,173
86$5,646,447$0$0$2,751,515
87$6,123,024$0$0$2,986,320
88$6,645,082$0$0$3,243,631
89$7,217,161$0$0$3,525,697
90$7,844,262$0$0$3,834,998
91$8,531,892$0$0$4,174,262
92$9,286,118$0$0$4,546,496
93$10,113,619$0$0$4,955,012
94$11,021,756$0$0$5,403,456
95$12,018,634$0$0$5,895,848
96$13,113,182$0$0$6,436,612
97$14,315,236$0$0$7,030,625
98$15,635,632$0$0$7,683,258
99$17,086,306$0$0$8,400,428
100$18,680,407$0$0$9,188,654