Can I retire at age 57 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$62,678$62,119$61,575$61,043$60,524$58,539
2 years$31,028$30,451$29,891$29,348$28,821$26,841
3 years$20,480$19,900$19,341$18,803$18,285$16,371
4 years$15,207$14,628$14,075$13,547$13,041$11,208
5 years$12,044$11,469$10,923$10,405$9,914$8,166
6 years$9,936$9,365$8,827$8,321$7,844$6,184
7 years$8,431$7,865$7,336$6,841$6,380$4,807
8 years$7,303$6,742$6,221$5,739$5,292$3,805
9 years$6,425$5,870$5,358$4,888$4,457$3,054
10 years$5,724$5,174$4,672$4,214$3,798$2,477
11 years$5,151$4,606$4,113$3,667$3,266$2,024
12 years$4,673$4,134$3,650$3,217$2,830$1,665
13 years$4,269$3,736$3,261$2,840$2,468$1,377
14 years$3,924$3,396$2,930$2,521$2,163$1,143
15 years$3,624$3,102$2,645$2,248$1,905$952
16 years$3,363$2,846$2,398$2,013$1,684$795
17 years$3,132$2,621$2,182$1,809$1,493$666
18 years$2,927$2,422$1,992$1,630$1,327$558
19 years$2,744$2,245$1,824$1,473$1,183$469
20 years$2,580$2,086$1,674$1,334$1,057$394
21 years$2,431$1,943$1,540$1,211$946$332
22 years$2,296$1,814$1,419$1,101$848$280
23 years$2,173$1,696$1,310$1,002$761$236
24 years$2,060$1,589$1,212$914$684$199
25 years$1,957$1,492$1,122$835$615$168
26 years$1,861$1,402$1,041$763$554$142
27 years$1,773$1,319$967$699$500$120
28 years$1,692$1,243$899$640$451$101
29 years$1,616$1,173$836$587$407$86
30 years$1,545$1,108$779$539$368$73
31 years$1,479$1,047$726$495$333$61
32 years$1,417$991$677$455$301$52
33 years$1,359$938$633$418$272$44
34 years$1,305$889$591$385$247$37
35 years$1,254$843$553$354$223$31
36 years$1,205$801$517$326$202$27
37 years$1,160$760$484$301$183$23
38 years$1,117$723$453$277$166$19
39 years$1,076$687$424$255$151$16
40 years$1,038$654$398$236$137$14
41 years$1,001$622$373$217$124$12
42 years$966$593$350$201$113$10
43 years$933$565$328$185$102$8
44 years$902$538$308$171$93$7
45 years$872$513$289$158$84$6
46 years$843$490$272$146$76$5
47 years$816$467$255$135$69$4
48 years$790$446$240$125$63$4
49 years$765$426$226$115$57$3
50 years$741$407$212$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $759,000, adding $2,624 every year, while hoping to spend $53,894 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: 55/34/11 Blend
56$759,000$759,000$759,000$759,000
57$839,125$798,898$787,133$882,807
58$867,373$780,701$756,159$894,507
59$896,695$759,806$722,342$901,121
60$927,146$736,024$685,528$907,052
61$958,781$709,155$645,559$912,246
62$991,660$678,987$602,268$916,644
63$1,025,848$645,296$555,483$920,187
64$1,061,413$607,845$505,021$922,810
65$1,098,431$566,383$450,692$924,449
66$1,136,980$520,645$392,300$925,034
67$1,177,147$470,351$329,636$924,493
68$1,219,022$415,204$262,485$922,754
69$1,262,705$354,893$190,622$919,738
70$1,308,304$289,085$113,810$915,367
71$1,355,933$217,432$31,805$909,556
72$1,405,717$139,565$0$902,222
73$1,457,790$55,094$0$899,816
74$1,512,299$0$0$900,117
75$1,569,400$0$0$912,945
76$1,629,266$0$0$948,024
77$1,692,081$0$0$984,853
78$1,758,047$0$0$1,023,552
79$1,827,383$0$0$1,064,254
80$1,900,327$0$0$1,107,100
81$1,977,137$0$0$1,152,247
82$2,058,096$0$0$1,199,864
83$2,143,510$0$0$1,250,136
84$2,233,714$0$0$1,303,264
85$2,329,074$0$0$1,359,468
86$2,429,987$0$0$1,418,988
87$2,536,889$0$0$1,482,085
88$2,650,254$0$0$1,549,047
89$2,770,603$0$0$1,620,186
90$2,898,503$0$0$1,695,846
91$3,034,576$0$0$1,776,400
92$3,179,501$0$0$1,862,259
93$3,334,024$0$0$1,953,873
94$3,498,961$0$0$2,051,735
95$3,675,203$0$0$2,156,382
96$3,863,733$0$0$2,268,408
97$4,065,622$0$0$2,388,462
98$4,282,050$0$0$2,517,253
99$4,514,307$0$0$2,655,565
100$4,763,813$0$0$2,804,253