Can I retire at age 57 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$61,852$61,301$60,763$60,239$59,726$59,275
2 years$30,620$30,049$29,497$28,961$28,441$27,986
3 years$20,210$19,638$19,086$18,556$18,044$17,600
4 years$15,007$14,436$13,890$13,368$12,869$12,439
5 years$11,885$11,318$10,779$10,268$9,783$9,368
6 years$9,805$9,242$8,711$8,211$7,741$7,341
7 years$8,320$7,761$7,239$6,751$6,295$5,912
8 years$7,206$6,653$6,139$5,663$5,223$4,855
9 years$6,341$5,792$5,288$4,824$4,398$4,046
10 years$5,649$5,106$4,610$4,158$3,748$3,411
11 years$5,083$4,545$4,059$3,619$3,223$2,901
12 years$4,612$4,080$3,602$3,174$2,793$2,486
13 years$4,213$3,687$3,218$2,802$2,436$2,143
14 years$3,872$3,351$2,891$2,488$2,135$1,857
15 years$3,577$3,061$2,611$2,219$1,880$1,616
16 years$3,318$2,809$2,367$1,986$1,661$1,411
17 years$3,091$2,587$2,154$1,785$1,473$1,236
18 years$2,889$2,390$1,966$1,608$1,310$1,085
19 years$2,708$2,215$1,800$1,453$1,167$955
20 years$2,546$2,059$1,652$1,316$1,043$842
21 years$2,399$1,917$1,519$1,195$933$744
22 years$2,266$1,790$1,400$1,086$836$658
23 years$2,144$1,674$1,293$989$751$583
24 years$2,033$1,568$1,196$902$675$517
25 years$1,931$1,472$1,108$824$607$458
26 years$1,837$1,383$1,027$753$547$407
27 years$1,750$1,302$954$690$493$362
28 years$1,669$1,227$887$632$445$322
29 years$1,594$1,157$825$579$402$287
30 years$1,525$1,093$769$532$363$255
31 years$1,459$1,033$717$488$328$227
32 years$1,399$978$669$449$297$203
33 years$1,341$926$624$413$269$181
34 years$1,288$878$583$380$243$161
35 years$1,237$832$545$350$220$144
36 years$1,190$790$510$322$200$128
37 years$1,145$750$477$297$181$115
38 years$1,102$713$447$273$164$102
39 years$1,062$678$419$252$149$91
40 years$1,024$645$393$233$135$82
41 years$988$614$368$215$122$73
42 years$954$585$345$198$111$65
43 years$921$557$324$183$101$58
44 years$890$531$304$169$92$52
45 years$860$506$286$156$83$47
46 years$832$483$268$144$75$42
47 years$805$461$252$133$68$37
48 years$779$440$237$123$62$33
49 years$755$420$223$114$56$30
50 years$731$402$209$105$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $749,000, adding $5,670 every year, while hoping to spend $23,742 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: 64/15/21 Blend
56$749,000$749,000$749,000$749,000
57$831,247$791,550$779,940$879,620
58$890,772$805,074$780,807$926,397
59$955,574$818,466$780,907$974,293
60$1,026,165$831,693$780,189$1,026,070
61$1,103,109$844,721$778,601$1,082,110
62$1,187,029$857,515$776,087$1,142,834
63$1,278,607$870,034$772,587$1,208,704
64$1,378,597$882,238$768,041$1,280,233
65$1,487,828$894,082$762,384$1,357,983
66$1,607,211$905,517$755,549$1,442,576
67$1,737,752$916,492$747,465$1,534,698
68$1,880,556$926,954$738,058$1,635,103
69$2,036,840$936,842$727,251$1,744,625
70$2,207,947$946,097$714,963$1,864,181
71$2,395,352$954,650$701,109$1,994,785
72$2,600,682$962,431$685,599$2,137,553
73$2,825,726$969,366$668,342$2,293,716
74$3,072,459$975,373$649,240$2,464,632
75$3,343,050$980,367$628,190$2,651,796
76$3,639,894$984,258$605,087$2,856,860
77$3,965,626$986,949$579,820$3,081,642
78$4,323,148$988,337$552,272$3,328,149
79$4,715,657$988,314$522,321$3,598,592
80$5,146,676$986,763$489,841$3,895,409
81$5,620,085$983,562$454,698$4,221,289
82$6,140,157$978,581$416,755$4,579,196
83$6,711,602$971,680$375,865$4,972,398
84$7,339,606$962,713$331,877$5,404,497
85$8,029,885$951,525$284,634$5,879,464
86$8,788,733$937,950$233,969$6,401,680
87$9,623,088$921,813$179,711$6,975,969
88$10,540,591$902,930$121,680$7,607,656
89$11,549,662$881,104$59,686$8,302,605
90$12,659,576$856,127$0$9,067,284
91$13,880,556$827,780$0$9,910,273
92$15,223,860$795,829$0$10,852,347
93$16,701,898$760,029$0$11,888,830
94$18,328,339$720,118$0$13,029,323
95$20,118,248$675,821$0$14,284,406
96$22,088,219$626,847$0$15,665,737
97$24,256,543$572,888$0$17,186,166
98$26,643,368$513,617$0$18,859,854
99$29,270,898$448,690$0$20,702,404
100$32,163,597$377,744$0$22,731,014