Can I retire at age 57 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$62,265$61,710$61,169$60,641$60,125$59,596
2 years$30,824$30,250$29,694$29,154$28,631$28,098
3 years$20,345$19,769$19,214$18,679$18,165$17,644
4 years$15,107$14,532$13,983$13,457$12,955$12,451
5 years$11,965$11,393$10,851$10,337$9,848$9,362
6 years$9,871$9,304$8,769$8,266$7,793$7,325
7 years$8,375$7,813$7,287$6,796$6,338$5,889
8 years$7,254$6,697$6,180$5,701$5,258$4,828
9 years$6,383$5,831$5,323$4,856$4,428$4,016
10 years$5,686$5,140$4,641$4,186$3,773$3,380
11 years$5,117$4,576$4,086$3,643$3,245$2,870
12 years$4,642$4,107$3,626$3,195$2,812$2,455
13 years$4,241$3,711$3,240$2,821$2,452$2,112
14 years$3,898$3,374$2,911$2,504$2,149$1,826
15 years$3,600$3,082$2,628$2,233$1,892$1,586
16 years$3,341$2,828$2,383$2,000$1,672$1,382
17 years$3,111$2,604$2,168$1,797$1,483$1,208
18 years$2,908$2,406$1,979$1,619$1,319$1,058
19 years$2,726$2,230$1,812$1,463$1,175$929
20 years$2,563$2,072$1,663$1,325$1,050$818
21 years$2,415$1,930$1,530$1,203$939$721
22 years$2,281$1,802$1,410$1,093$842$636
23 years$2,159$1,685$1,302$996$756$562
24 years$2,047$1,579$1,204$908$679$497
25 years$1,944$1,482$1,115$829$611$440
26 years$1,849$1,393$1,034$758$551$390
27 years$1,762$1,311$960$694$496$346
28 years$1,681$1,235$893$636$448$307
29 years$1,605$1,165$831$583$405$273
30 years$1,535$1,100$774$535$366$242
31 years$1,469$1,040$721$492$330$215
32 years$1,408$984$673$452$299$191
33 years$1,350$932$628$415$271$170
34 years$1,296$883$587$382$245$152
35 years$1,245$838$549$352$222$135
36 years$1,198$795$514$324$201$120
37 years$1,152$755$481$299$182$107
38 years$1,110$718$450$275$165$95
39 years$1,069$683$422$254$150$85
40 years$1,031$649$395$234$136$76
41 years$994$618$371$216$123$67
42 years$960$589$348$199$112$60
43 years$927$561$326$184$101$53
44 years$896$535$306$170$92$48
45 years$866$510$288$157$84$42
46 years$838$486$270$145$76$38
47 years$811$464$254$134$69$34
48 years$785$443$238$124$63$30
49 years$760$423$224$114$57$27
50 years$736$404$211$106$52$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $754,000, adding $3,132 every year, while hoping to spend $50,788 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: 40/41/19 Blend
56$754,000$754,000$754,000$754,000
57$834,139$794,177$782,490$862,692
58$865,183$779,053$754,665$868,260
59$897,691$761,487$724,206$869,168
60$931,760$741,303$690,971$869,096
61$967,492$718,320$654,811$867,983
62$1,005,001$692,342$615,572$865,765
63$1,044,408$663,165$573,091$862,375
64$1,085,848$630,570$527,200$857,745
65$1,129,464$594,327$477,721$851,805
66$1,175,414$554,194$424,469$844,484
67$1,223,869$509,913$367,252$835,710
68$1,275,017$461,211$305,867$825,407
69$1,329,060$407,802$240,106$813,502
70$1,386,222$349,382$169,747$799,917
71$1,446,744$285,629$94,561$784,579
72$1,510,892$216,205$14,309$767,409
73$1,578,956$140,752$0$748,334
74$1,651,251$58,891$0$741,740
75$1,728,125$0$0$737,130
76$1,809,956$0$0$745,019
77$1,897,159$0$0$781,795
78$1,990,188$0$0$821,086
79$2,089,541$0$0$863,111
80$2,195,763$0$0$908,108
81$2,309,453$0$0$956,339
82$2,431,264$0$0$1,008,091
83$2,561,917$0$0$1,063,679
84$2,702,201$0$0$1,123,449
85$2,852,981$0$0$1,187,781
86$3,015,208$0$0$1,257,092
87$3,189,926$0$0$1,331,839
88$3,378,281$0$0$1,412,526
89$3,581,532$0$0$1,499,705
90$3,801,063$0$0$1,593,985
91$4,038,393$0$0$1,696,032
92$4,295,194$0$0$1,806,581
93$4,573,303$0$0$1,926,439
94$4,874,739$0$0$2,056,494
95$5,201,722$0$0$2,197,721
96$5,556,696$0$0$2,351,195
97$5,942,345$0$0$2,518,096
98$6,361,624$0$0$2,699,723
99$6,817,785$0$0$2,897,508
100$7,314,403$0$0$3,113,022