Can I retire at age 57 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$62,182$61,628$61,088$60,560$60,045$58,428
2 years$30,783$30,210$29,654$29,116$28,593$26,975
3 years$20,318$19,742$19,188$18,655$18,141$16,573
4 years$15,087$14,513$13,964$13,440$12,938$11,432
5 years$11,949$11,378$10,837$10,323$9,835$8,396
6 years$9,857$9,291$8,758$8,255$7,782$6,410
7 years$8,364$7,803$7,278$6,787$6,329$5,025
8 years$7,245$6,688$6,172$5,694$5,251$4,014
9 years$6,375$5,823$5,316$4,850$4,422$3,251
10 years$5,679$5,133$4,635$4,180$3,768$2,661
11 years$5,110$4,570$4,080$3,638$3,240$2,196
12 years$4,636$4,101$3,621$3,191$2,808$1,825
13 years$4,236$3,707$3,235$2,817$2,449$1,524
14 years$3,893$3,369$2,907$2,501$2,146$1,279
15 years$3,596$3,078$2,624$2,230$1,890$1,076
16 years$3,336$2,824$2,379$1,997$1,670$909
17 years$3,107$2,601$2,165$1,794$1,481$769
18 years$2,904$2,403$1,977$1,617$1,317$652
19 years$2,722$2,227$1,809$1,461$1,174$554
20 years$2,559$2,070$1,661$1,323$1,048$471
21 years$2,412$1,928$1,527$1,201$938$401
22 years$2,278$1,799$1,408$1,092$841$342
23 years$2,156$1,683$1,300$995$755$292
24 years$2,044$1,577$1,202$907$678$249
25 years$1,941$1,480$1,113$828$611$213
26 years$1,847$1,391$1,033$757$550$182
27 years$1,759$1,309$959$693$496$156
28 years$1,678$1,233$891$635$447$133
29 years$1,603$1,164$830$583$404$114
30 years$1,533$1,099$773$535$365$98
31 years$1,467$1,039$720$491$330$84
32 years$1,406$983$672$451$299$72
33 years$1,349$931$628$415$270$61
34 years$1,295$882$586$382$245$53
35 years$1,244$837$548$351$222$45
36 years$1,196$794$513$324$201$39
37 years$1,151$754$480$298$182$33
38 years$1,108$717$449$275$165$28
39 years$1,068$682$421$253$150$24
40 years$1,029$649$395$234$136$21
41 years$993$617$370$216$123$18
42 years$959$588$347$199$112$15
43 years$926$560$326$184$101$13
44 years$895$534$306$170$92$11
45 years$865$509$287$157$84$10
46 years$837$486$270$145$76$8
47 years$809$464$253$134$69$7
48 years$784$443$238$124$63$6
49 years$759$423$224$114$57$5
50 years$735$404$210$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $753,000, adding $3,458 every year, while hoping to spend $25,781 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: 61/32/7 Blend
56$753,000$753,000$753,000$753,000
57$833,373$793,464$781,792$882,832
58$890,946$804,913$780,552$927,775
59$953,528$816,059$778,405$973,499
60$1,021,602$826,859$775,296$1,022,732
61$1,095,699$837,270$771,163$1,075,811
62$1,176,407$847,243$765,943$1,133,111
63$1,264,368$856,725$759,570$1,195,041
64$1,360,293$865,664$751,974$1,262,055
65$1,464,961$874,000$743,084$1,334,654
66$1,579,232$881,670$732,822$1,413,387
67$1,704,050$888,609$721,108$1,498,864
68$1,840,458$894,746$707,860$1,591,753
69$1,989,602$900,005$692,990$1,692,794
70$2,152,743$904,307$676,407$1,802,803
71$2,331,270$907,565$658,014$1,922,676
72$2,526,714$909,691$637,712$2,053,406
73$2,740,759$910,586$615,396$2,196,085
74$2,975,262$910,149$590,956$2,351,917
75$3,232,264$908,272$564,279$2,522,233
76$3,514,016$904,839$535,244$2,708,497
77$3,822,997$899,728$503,726$2,912,326
78$4,161,937$892,808$469,595$3,135,501
79$4,533,841$883,943$432,713$3,379,987
80$4,942,023$872,986$392,939$3,647,953
81$5,390,130$859,782$350,123$3,941,786
82$5,882,180$844,169$304,109$4,264,124
83$6,422,600$825,971$254,734$4,617,870
84$7,016,267$805,005$201,830$5,006,231
85$7,668,553$781,077$145,217$5,432,738
86$8,385,376$753,980$84,713$5,901,287
87$9,173,255$723,496$20,122$6,416,175
88$10,039,374$689,395$0$6,982,138
89$10,991,647$651,431$0$7,608,044
90$12,038,791$609,348$0$8,297,846
91$13,190,413$562,871$0$9,056,407
92$14,457,095$511,712$0$9,890,742
93$15,850,499$455,566$0$10,808,589
94$17,383,472$394,111$0$11,818,475
95$19,070,169$327,005$0$12,929,801
96$20,926,187$253,889$0$14,152,931
97$22,968,711$174,383$0$15,499,290
98$25,216,676$88,084$0$16,981,471
99$27,690,946$0$0$18,613,357
100$30,414,510$0$0$20,412,164