Can I retire at age 57 with 750,000?

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 $750,000?

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 years$61,934$61,383$60,844$60,319$59,806$57,868
2 years$30,661$30,090$29,536$29,000$28,479$26,545
3 years$20,237$19,664$19,112$18,580$18,068$16,199
4 years$15,027$14,455$13,909$13,386$12,886$11,096
5 years$11,901$11,333$10,794$10,282$9,796$8,089
6 years$9,818$9,254$8,723$8,222$7,751$6,129
7 years$8,331$7,772$7,249$6,760$6,304$4,766
8 years$7,216$6,662$6,147$5,671$5,230$3,776
9 years$6,349$5,800$5,295$4,830$4,404$3,032
10 years$5,656$5,113$4,616$4,164$3,753$2,460
11 years$5,090$4,551$4,064$3,624$3,227$2,012
12 years$4,618$4,085$3,607$3,179$2,797$1,657
13 years$4,219$3,692$3,222$2,806$2,439$1,371
14 years$3,877$3,356$2,895$2,491$2,138$1,139
15 years$3,581$3,066$2,614$2,222$1,882$949
16 years$3,323$2,813$2,370$1,989$1,664$793
17 years$3,095$2,590$2,157$1,787$1,475$665
18 years$2,892$2,394$1,969$1,611$1,312$558
19 years$2,712$2,218$1,802$1,455$1,169$469
20 years$2,549$2,061$1,654$1,318$1,044$395
21 years$2,402$1,920$1,521$1,196$934$333
22 years$2,269$1,792$1,402$1,088$838$280
23 years$2,147$1,676$1,295$991$752$237
24 years$2,036$1,571$1,197$903$676$200
25 years$1,934$1,474$1,109$825$608$169
26 years$1,839$1,385$1,029$754$548$143
27 years$1,752$1,304$955$691$494$121
28 years$1,672$1,228$888$633$446$102
29 years$1,597$1,159$826$580$402$86
30 years$1,527$1,094$770$532$364$73
31 years$1,461$1,035$717$489$329$62
32 years$1,400$979$669$449$297$52
33 years$1,343$927$625$413$269$44
34 years$1,289$879$584$380$244$38
35 years$1,239$833$546$350$221$32
36 years$1,191$791$511$322$200$27
37 years$1,146$751$478$297$181$23
38 years$1,104$714$448$274$164$19
39 years$1,063$679$419$252$149$16
40 years$1,025$646$393$233$135$14
41 years$989$615$369$215$123$12
42 years$955$586$346$198$111$10
43 years$922$558$324$183$101$8
44 years$891$532$305$169$92$7
45 years$861$507$286$156$83$6
46 years$833$484$269$144$76$5
47 years$806$462$252$133$69$4
48 years$780$441$237$123$62$4
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $750,000, adding $6,741 every year, while hoping to spend $45,754 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: 64/16/20 Blend
56$750,000$750,000$750,000$750,000
57$833,453$793,703$782,078$882,134
58$869,784$783,913$759,596$905,907
59$908,286$772,109$734,827$926,084
60$949,134$758,145$707,647$947,058
61$992,517$741,866$677,924$968,909
62$1,038,642$723,105$645,523$991,728
63$1,087,736$701,690$610,300$1,015,617
64$1,140,046$677,434$572,107$1,040,687
65$1,195,846$650,143$530,786$1,067,067
66$1,255,431$619,609$486,177$1,094,898
67$1,319,129$585,613$438,108$1,124,338
68$1,387,296$547,925$386,401$1,155,564
69$1,460,326$506,299$330,871$1,188,772
70$1,538,648$460,476$271,323$1,224,184
71$1,622,733$410,183$207,556$1,262,044
72$1,713,101$355,131$139,358$1,302,625
73$1,810,318$295,013$66,508$1,346,231
74$1,915,010$229,508$0$1,393,202
75$2,027,862$158,275$0$1,446,311
76$2,149,627$80,953$0$1,518,882
77$2,281,132$0$0$1,597,226
78$2,423,285$0$0$1,682,416
79$2,577,088$0$0$1,790,049
80$2,743,636$0$0$1,906,646
81$2,924,139$0$0$2,033,057
82$3,119,924$0$0$2,170,217
83$3,332,450$0$0$2,319,157
84$3,563,325$0$0$2,481,007
85$3,814,314$0$0$2,657,012
86$4,087,361$0$0$2,848,542
87$4,384,604$0$0$3,057,105
88$4,708,397$0$0$3,284,359
89$5,061,329$0$0$3,532,129
90$5,446,248$0$0$3,802,423
91$5,866,293$0$0$4,097,453
92$6,324,915$0$0$4,419,652
93$6,825,914$0$0$4,771,699
94$7,373,475$0$0$5,156,544
95$7,972,203$0$0$5,577,435
96$8,627,171$0$0$6,037,947
97$9,343,962$0$0$6,542,017
98$10,128,726$0$0$7,093,980
99$10,988,233$0$0$7,698,611
100$11,929,941$0$0$8,361,167