Can I retire at age 57 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$62,512$61,956$61,412$60,882$60,364$59,291
2 years$30,947$30,370$29,812$29,270$28,745$27,667
3 years$20,426$19,847$19,290$18,754$18,237$17,189
4 years$15,167$14,590$14,038$13,511$13,007$11,996
5 years$12,012$11,439$10,894$10,378$9,888$8,917
6 years$9,910$9,341$8,804$8,299$7,824$6,894
7 years$8,409$7,844$7,316$6,823$6,363$5,475
8 years$7,283$6,724$6,205$5,724$5,278$4,432
9 years$6,408$5,854$5,344$4,875$4,445$3,639
10 years$5,709$5,160$4,659$4,203$3,788$3,022
11 years$5,137$4,594$4,102$3,658$3,257$2,531
12 years$4,661$4,123$3,640$3,208$2,823$2,134
13 years$4,258$3,726$3,252$2,832$2,462$1,810
14 years$3,913$3,387$2,922$2,514$2,158$1,543
15 years$3,615$3,094$2,638$2,242$1,900$1,320
16 years$3,354$2,839$2,392$2,008$1,679$1,132
17 years$3,124$2,614$2,177$1,804$1,489$975
18 years$2,919$2,416$1,987$1,626$1,324$841
19 years$2,737$2,239$1,819$1,469$1,180$726
20 years$2,573$2,081$1,669$1,330$1,054$629
21 years$2,425$1,938$1,536$1,207$943$545
22 years$2,290$1,809$1,415$1,098$845$473
23 years$2,167$1,692$1,307$1,000$759$411
24 years$2,055$1,585$1,209$912$682$357
25 years$1,952$1,488$1,119$833$614$311
26 years$1,857$1,398$1,038$761$553$271
27 years$1,769$1,316$964$697$498$236
28 years$1,687$1,240$896$639$450$206
29 years$1,611$1,170$834$586$406$180
30 years$1,541$1,105$777$537$367$157
31 years$1,475$1,044$724$494$332$137
32 years$1,413$988$676$454$300$119
33 years$1,356$936$631$417$272$104
34 years$1,301$887$589$384$246$91
35 years$1,250$841$551$353$223$80
36 years$1,202$798$516$325$202$70
37 years$1,157$758$483$300$183$61
38 years$1,114$721$452$276$166$53
39 years$1,073$685$423$255$150$46
40 years$1,035$652$397$235$136$41
41 years$998$621$372$217$124$36
42 years$964$591$349$200$112$31
43 years$931$563$328$185$102$27
44 years$899$537$307$171$92$24
45 years$870$512$289$158$84$21
46 years$841$488$271$146$76$18
47 years$814$466$255$134$69$16
48 years$788$445$239$124$63$14
49 years$763$425$225$115$57$12
50 years$739$406$212$106$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $757,000, adding $2,768 every year, while hoping to spend $41,059 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: 49/21/30 Blend
56$757,000$757,000$757,000$757,000
57$837,069$796,948$785,215$870,815
58$878,764$792,312$767,833$890,192
59$923,335$786,073$748,493$906,985
60$971,033$778,108$727,085$924,449
61$1,022,132$768,290$703,496$942,668
62$1,076,933$756,479$677,607$961,737
63$1,135,766$742,532$649,292$981,764
64$1,198,993$726,295$618,422$1,002,870
65$1,267,011$707,604$584,860$1,025,192
66$1,340,258$686,288$548,464$1,048,883
67$1,419,212$662,164$509,086$1,074,117
68$1,504,400$635,038$466,568$1,101,087
69$1,596,400$604,707$420,750$1,130,010
70$1,695,849$570,954$371,462$1,161,129
71$1,803,446$533,551$318,526$1,194,717
72$1,919,957$492,255$261,756$1,231,077
73$2,046,229$446,811$200,961$1,270,550
74$2,183,189$396,950$135,938$1,313,516
75$2,331,858$342,384$66,476$1,360,396
76$2,493,361$282,814$0$1,411,665
77$2,668,931$217,920$0$1,470,296
78$2,859,930$147,365$0$1,557,294
79$3,067,851$70,794$0$1,652,086
80$3,294,340$0$0$1,755,477
81$3,541,210$0$0$1,871,170
82$3,810,451$0$0$2,015,263
83$4,104,258$0$0$2,172,580
84$4,425,046$0$0$2,344,425
85$4,775,471$0$0$2,532,230
86$5,158,461$0$0$2,737,574
87$5,577,236$0$0$2,962,196
88$6,035,344$0$0$3,208,008
89$6,536,689$0$0$3,477,120
90$7,085,573$0$0$3,771,850
91$7,686,730$0$0$4,094,755
92$8,345,375$0$0$4,448,649
93$9,067,253$0$0$4,836,631
94$9,858,687$0$0$5,262,115
95$10,726,644$0$0$5,728,861
96$11,678,798$0$0$6,241,011
97$12,723,600$0$0$6,803,126
98$13,870,359$0$0$7,420,231
99$15,129,329$0$0$8,097,861
100$16,511,806$0$0$8,842,113