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%17%
1 years$61,934$61,383$60,844$60,319$59,806$58,101
2 years$30,661$30,090$29,536$29,000$28,479$26,775
3 years$20,237$19,664$19,112$18,580$18,068$16,418
4 years$15,027$14,455$13,909$13,386$12,886$11,303
5 years$11,901$11,333$10,794$10,282$9,796$8,283
6 years$9,818$9,254$8,723$8,222$7,751$6,311
7 years$8,331$7,772$7,249$6,760$6,304$4,936
8 years$7,216$6,662$6,147$5,671$5,230$3,933
9 years$6,349$5,800$5,295$4,830$4,404$3,178
10 years$5,656$5,113$4,616$4,164$3,753$2,595
11 years$5,090$4,551$4,064$3,624$3,227$2,136
12 years$4,618$4,085$3,607$3,179$2,797$1,770
13 years$4,219$3,692$3,222$2,806$2,439$1,475
14 years$3,877$3,356$2,895$2,491$2,138$1,234
15 years$3,581$3,066$2,614$2,222$1,882$1,035
16 years$3,323$2,813$2,370$1,989$1,664$872
17 years$3,095$2,590$2,157$1,787$1,475$736
18 years$2,892$2,394$1,969$1,611$1,312$622
19 years$2,712$2,218$1,802$1,455$1,169$527
20 years$2,549$2,061$1,654$1,318$1,044$447
21 years$2,402$1,920$1,521$1,196$934$379
22 years$2,269$1,792$1,402$1,088$838$322
23 years$2,147$1,676$1,295$991$752$274
24 years$2,036$1,571$1,197$903$676$234
25 years$1,934$1,474$1,109$825$608$199
26 years$1,839$1,385$1,029$754$548$170
27 years$1,752$1,304$955$691$494$145
28 years$1,672$1,228$888$633$446$123
29 years$1,597$1,159$826$580$402$105
30 years$1,527$1,094$770$532$364$90
31 years$1,461$1,035$717$489$329$77
32 years$1,400$979$669$449$297$65
33 years$1,343$927$625$413$269$56
34 years$1,289$879$584$380$244$48
35 years$1,239$833$546$350$221$41
36 years$1,191$791$511$322$200$35
37 years$1,146$751$478$297$181$30
38 years$1,104$714$448$274$164$25
39 years$1,063$679$419$252$149$22
40 years$1,025$646$393$233$135$19
41 years$989$615$369$215$123$16
42 years$955$586$346$198$111$14
43 years$922$558$324$183$101$12
44 years$891$532$305$169$92$10
45 years$861$507$286$156$83$8
46 years$833$484$269$144$76$7
47 years$806$462$252$133$69$6
48 years$780$441$237$123$62$5
49 years$756$421$223$114$57$5
50 years$732$402$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $750,000, adding $4,963 every year, while hoping to spend $25,251 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: 58/27/15 Blend
56$750,000$750,000$750,000$750,000
57$831,619$791,869$780,244$876,380
58$889,578$803,804$779,516$919,168
59$952,601$815,477$777,916$962,574
60$1,021,181$826,850$775,390$1,009,304
61$1,095,854$837,879$771,879$1,059,682
62$1,177,216$848,519$767,322$1,114,064
63$1,265,919$858,723$761,654$1,172,845
64$1,362,681$868,439$754,807$1,236,458
65$1,468,293$877,611$746,712$1,305,383
66$1,583,626$886,181$737,294$1,380,148
67$1,709,639$894,087$726,476$1,461,336
68$1,847,386$901,261$714,177$1,549,591
69$1,998,029$907,633$700,312$1,645,620
70$2,162,847$913,126$684,792$1,750,208
71$2,343,249$917,661$667,524$1,864,216
72$2,540,785$921,151$648,411$1,988,597
73$2,757,164$923,506$627,351$2,124,401
74$2,994,266$924,629$604,238$2,272,786
75$3,254,162$924,417$578,961$2,435,030
76$3,539,133$922,760$551,404$2,612,542
77$3,851,693$919,543$521,444$2,806,876
78$4,194,608$914,643$488,954$3,019,748
79$4,570,927$907,930$453,803$3,253,047
80$4,984,007$899,264$415,851$3,508,858
81$5,437,547$888,499$374,953$3,789,483
82$5,935,620$875,479$330,958$4,097,458
83$6,482,716$860,040$283,707$4,435,580
84$7,083,778$842,007$233,037$4,806,934
85$7,744,253$821,195$178,773$5,214,923
86$8,470,141$797,407$120,736$5,663,298
87$9,268,052$770,438$58,738$6,156,198
88$10,145,270$740,066$0$6,698,184
89$11,109,819$706,060$0$7,295,476
90$12,170,538$668,175$0$7,962,543
91$13,337,168$626,150$0$8,696,126
92$14,620,438$579,710$0$9,503,005
93$16,032,173$528,566$0$10,390,655
94$17,585,399$472,410$0$11,367,316
95$19,294,469$410,918$0$12,442,068
96$21,175,198$343,746$0$13,624,923
97$23,245,011$270,533$0$14,926,915
98$25,523,108$190,895$0$16,360,208
99$28,030,645$104,429$0$17,938,208
100$30,790,933$10,708$0$19,675,695