Can I retire at age 57 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$62,347$61,792$61,250$60,721$60,205$57,908
2 years$30,865$30,290$29,733$29,193$28,669$26,382
3 years$20,372$19,795$19,239$18,704$18,189$15,983
4 years$15,127$14,551$14,001$13,475$12,972$10,865
5 years$11,981$11,408$10,866$10,350$9,861$7,859
6 years$9,884$9,316$8,781$8,277$7,803$5,906
7 years$8,386$7,823$7,297$6,805$6,346$4,553
8 years$7,264$6,706$6,188$5,709$5,265$3,575
9 years$6,392$5,839$5,330$4,863$4,434$2,845
10 years$5,694$5,147$4,647$4,192$3,778$2,287
11 years$5,124$4,582$4,091$3,648$3,249$1,852
12 years$4,649$4,112$3,631$3,200$2,815$1,510
13 years$4,247$3,716$3,244$2,825$2,455$1,236
14 years$3,903$3,378$2,915$2,508$2,152$1,016
15 years$3,605$3,086$2,631$2,236$1,895$838
16 years$3,345$2,831$2,386$2,002$1,675$693
17 years$3,115$2,608$2,171$1,799$1,485$574
18 years$2,912$2,409$1,982$1,621$1,320$477
19 years$2,730$2,233$1,814$1,465$1,177$396
20 years$2,566$2,075$1,665$1,327$1,051$330
21 years$2,418$1,933$1,532$1,204$941$274
22 years$2,284$1,804$1,412$1,095$843$229
23 years$2,161$1,687$1,303$997$757$191
24 years$2,049$1,581$1,205$909$680$159
25 years$1,947$1,484$1,116$831$612$133
26 years$1,852$1,394$1,035$759$551$111
27 years$1,764$1,312$961$695$497$93
28 years$1,683$1,237$894$637$449$78
29 years$1,607$1,167$832$584$405$65
30 years$1,537$1,102$775$536$366$54
31 years$1,471$1,042$722$492$331$45
32 years$1,410$985$674$452$299$38
33 years$1,352$933$629$416$271$32
34 years$1,298$885$588$383$245$27
35 years$1,247$839$550$352$222$22
36 years$1,199$796$514$325$201$19
37 years$1,154$756$481$299$182$16
38 years$1,111$719$451$276$165$13
39 years$1,071$683$422$254$150$11
40 years$1,032$650$396$234$136$9
41 years$996$619$371$216$123$8
42 years$961$590$348$200$112$6
43 years$928$562$327$184$102$5
44 years$897$535$307$170$92$4
45 years$867$511$288$157$84$4
46 years$839$487$270$145$76$3
47 years$812$465$254$134$69$3
48 years$786$444$239$124$63$2
49 years$761$424$224$114$57$2
50 years$737$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $755,000, adding $6,805 every year, while hoping to spend $38,539 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: 44/42/14 Blend
56$755,000$755,000$755,000$755,000
57$839,029$799,014$787,312$872,282
58$883,605$797,161$772,682$894,331
59$931,436$793,925$756,270$913,814
60$982,813$789,198$737,975$934,090
61$1,038,057$782,865$717,694$955,248
62$1,097,517$774,804$695,316$977,389
63$1,161,581$764,886$670,725$1,000,627
64$1,230,670$752,974$643,803$1,025,089
65$1,305,251$738,922$614,423$1,050,919
66$1,385,834$722,577$582,453$1,078,278
67$1,472,981$703,775$547,758$1,107,346
68$1,567,310$682,345$510,192$1,138,327
69$1,669,499$658,103$469,607$1,171,447
70$1,780,294$630,857$425,845$1,206,961
71$1,900,517$600,401$378,744$1,245,153
72$2,031,069$566,520$328,131$1,286,340
73$2,172,943$528,985$273,829$1,330,878
74$2,327,232$487,554$215,650$1,379,162
75$2,495,137$441,971$153,402$1,431,635
76$2,677,980$391,966$86,879$1,488,789
77$2,877,215$337,254$15,871$1,551,173
78$3,094,444$277,532$0$1,619,399
79$3,331,428$212,483$0$1,703,096
80$3,590,107$141,768$0$1,797,184
81$3,872,616$65,033$0$1,900,169
82$4,181,305$0$0$2,013,023
83$4,518,762$0$0$2,145,192
84$4,887,834$0$0$2,322,703
85$5,291,658$0$0$2,517,020
86$5,733,689$0$0$2,729,814
87$6,217,728$0$0$2,962,930
88$6,747,965$0$0$3,218,395
89$7,329,010$0$0$3,498,445
90$7,965,944$0$0$3,805,542
91$8,664,360$0$0$4,142,395
92$9,430,420$0$0$4,511,990
93$10,270,911$0$0$4,917,618
94$11,193,308$0$0$5,362,899
95$12,205,843$0$0$5,851,825
96$13,317,589$0$0$6,388,792
97$14,538,535$0$0$6,978,642
98$15,879,687$0$0$7,626,710
99$17,353,172$0$0$8,338,873
100$18,972,345$0$0$9,121,604