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%14.1%
1 years$61,934$61,383$60,844$60,319$59,806$58,791
2 years$30,661$30,090$29,536$29,000$28,479$27,460
3 years$20,237$19,664$19,112$18,580$18,068$17,076
4 years$15,027$14,455$13,909$13,386$12,886$11,929
5 years$11,901$11,333$10,794$10,282$9,796$8,877
6 years$9,818$9,254$8,723$8,222$7,751$6,870
7 years$8,331$7,772$7,249$6,760$6,304$5,462
8 years$7,216$6,662$6,147$5,671$5,230$4,427
9 years$6,349$5,800$5,295$4,830$4,404$3,639
10 years$5,656$5,113$4,616$4,164$3,753$3,026
11 years$5,090$4,551$4,064$3,624$3,227$2,537
12 years$4,618$4,085$3,607$3,179$2,797$2,143
13 years$4,219$3,692$3,222$2,806$2,439$1,820
14 years$3,877$3,356$2,895$2,491$2,138$1,553
15 years$3,581$3,066$2,614$2,222$1,882$1,330
16 years$3,323$2,813$2,370$1,989$1,664$1,143
17 years$3,095$2,590$2,157$1,787$1,475$985
18 years$2,892$2,394$1,969$1,611$1,312$851
19 years$2,712$2,218$1,802$1,455$1,169$736
20 years$2,549$2,061$1,654$1,318$1,044$638
21 years$2,402$1,920$1,521$1,196$934$554
22 years$2,269$1,792$1,402$1,088$838$482
23 years$2,147$1,676$1,295$991$752$419
24 years$2,036$1,571$1,197$903$676$365
25 years$1,934$1,474$1,109$825$608$318
26 years$1,839$1,385$1,029$754$548$278
27 years$1,752$1,304$955$691$494$242
28 years$1,672$1,228$888$633$446$212
29 years$1,597$1,159$826$580$402$185
30 years$1,527$1,094$770$532$364$162
31 years$1,461$1,035$717$489$329$141
32 years$1,400$979$669$449$297$124
33 years$1,343$927$625$413$269$108
34 years$1,289$879$584$380$244$95
35 years$1,239$833$546$350$221$83
36 years$1,191$791$511$322$200$72
37 years$1,146$751$478$297$181$63
38 years$1,104$714$448$274$164$56
39 years$1,063$679$419$252$149$49
40 years$1,025$646$393$233$135$43
41 years$989$615$369$215$123$37
42 years$955$586$346$198$111$33
43 years$922$558$324$183$101$29
44 years$891$532$305$169$92$25
45 years$861$507$286$156$83$22
46 years$833$484$269$144$76$19
47 years$806$462$252$133$69$17
48 years$780$441$237$123$62$15
49 years$756$421$223$114$57$13
50 years$732$402$210$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $750,000, adding $4,435 every year, while hoping to spend $29,851 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: 76/9/15 Blend
56$750,000$750,000$750,000$750,000
57$831,075$791,325$779,700$891,226
58$884,083$798,338$774,058$938,569
59$941,498$804,695$767,228$986,283
60$1,003,737$810,332$759,136$1,037,777
61$1,071,260$815,180$749,709$1,093,417
62$1,144,572$819,167$738,868$1,153,609
63$1,224,230$822,218$726,531$1,218,798
64$1,310,844$824,249$712,613$1,289,475
65$1,405,088$825,175$697,023$1,366,181
66$1,507,701$824,903$679,668$1,449,514
67$1,619,499$823,336$660,449$1,540,131
68$1,741,378$820,369$639,264$1,638,758
69$1,874,324$815,893$616,005$1,746,193
70$2,019,424$809,790$590,560$1,863,319
71$2,177,872$801,937$562,810$1,991,105
72$2,350,984$792,201$532,634$2,130,623
73$2,540,209$780,444$499,902$2,283,053
74$2,747,143$766,517$464,481$2,449,696
75$2,973,540$750,265$426,229$2,631,987
76$3,221,334$731,522$385,002$2,831,506
77$3,492,656$710,112$340,644$3,049,998
78$3,789,848$685,849$292,997$3,289,382
79$4,115,494$658,536$241,894$3,551,778
80$4,472,436$627,967$187,160$3,839,520
81$4,863,808$593,920$128,612$4,155,183
82$5,293,057$556,163$66,062$4,501,604
83$5,763,984$514,450$0$4,881,911
84$6,280,774$468,521$0$5,299,664
85$6,848,034$418,101$0$5,769,844
86$7,470,844$362,898$0$6,286,090
87$8,154,797$302,606$0$6,853,060
88$8,906,053$236,901$0$7,475,881
89$9,731,400$165,439$0$8,160,207
90$10,638,317$87,859$0$8,912,265
91$11,635,039$3,779$0$9,738,918
92$12,730,643$0$0$10,647,729
93$13,935,127$0$0$11,655,668
94$15,259,506$0$0$12,764,380
95$16,715,916$0$0$13,983,656
96$18,317,728$0$0$15,324,694
97$20,079,674$0$0$16,799,830
98$22,017,984$0$0$18,422,659
99$24,150,543$0$0$20,208,158
100$26,497,055$0$0$22,172,829