Can I retire at age 57 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$62,843$62,283$61,737$61,204$60,683$60,049
2 years$31,110$30,531$29,969$29,425$28,897$28,259
3 years$20,534$19,952$19,392$18,853$18,333$17,710
4 years$15,247$14,667$14,112$13,582$13,075$12,473
5 years$12,076$11,499$10,952$10,433$9,940$9,359
6 years$9,962$9,390$8,851$8,343$7,865$7,307
7 years$8,453$7,886$7,355$6,859$6,396$5,861
8 years$7,322$6,759$6,238$5,754$5,306$4,794
9 years$6,442$5,885$5,372$4,901$4,469$3,979
10 years$5,739$5,188$4,684$4,225$3,808$3,340
11 years$5,164$4,618$4,124$3,677$3,275$2,829
12 years$4,686$4,145$3,660$3,225$2,838$2,414
13 years$4,281$3,746$3,270$2,847$2,475$2,071
14 years$3,934$3,405$2,938$2,528$2,169$1,787
15 years$3,634$3,110$2,652$2,254$1,910$1,547
16 years$3,372$2,854$2,405$2,018$1,688$1,344
17 years$3,140$2,628$2,188$1,813$1,497$1,172
18 years$2,935$2,429$1,998$1,634$1,331$1,024
19 years$2,751$2,251$1,829$1,477$1,186$896
20 years$2,586$2,092$1,678$1,337$1,060$786
21 years$2,437$1,948$1,544$1,214$948$691
22 years$2,302$1,819$1,423$1,104$850$608
23 years$2,179$1,701$1,314$1,005$763$536
24 years$2,066$1,594$1,215$917$686$472
25 years$1,962$1,496$1,125$837$617$417
26 years$1,866$1,406$1,044$765$556$368
27 years$1,778$1,323$969$701$501$326
28 years$1,696$1,246$901$642$452$288
29 years$1,620$1,176$838$589$408$255
30 years$1,549$1,111$781$540$369$226
31 years$1,483$1,050$728$496$334$200
32 years$1,421$993$679$456$302$177
33 years$1,363$941$634$419$273$157
34 years$1,308$892$593$386$247$139
35 years$1,257$846$554$355$224$124
36 years$1,209$803$518$327$203$110
37 years$1,163$762$485$301$184$97
38 years$1,120$724$454$278$167$86
39 years$1,079$689$426$256$151$77
40 years$1,040$655$399$236$137$68
41 years$1,004$624$374$218$124$60
42 years$969$594$351$201$113$54
43 years$936$566$329$186$102$48
44 years$904$540$309$171$93$42
45 years$874$515$290$158$84$38
46 years$845$491$273$146$77$33
47 years$818$468$256$135$70$30
48 years$792$447$241$125$63$26
49 years$767$427$226$115$57$23
50 years$743$408$213$107$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $761,000, adding $3,960 every year, while hoping to spend $47,900 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: 58/12/30 Blend
56$761,000$761,000$761,000$761,000
57$842,707$802,374$790,578$884,439
58$877,698$790,725$766,097$901,881
59$914,652$776,900$739,191$915,539
60$953,720$760,741$709,727$929,465
61$995,065$742,083$677,568$943,699
62$1,038,865$720,748$642,570$958,290
63$1,085,315$696,551$604,582$973,291
64$1,134,628$669,293$563,447$988,766
65$1,187,037$638,766$519,000$1,004,785
66$1,242,798$604,748$471,069$1,021,432
67$1,302,189$567,006$419,475$1,038,799
68$1,365,515$525,292$364,031$1,056,992
69$1,433,111$479,345$304,539$1,076,133
70$1,505,344$428,889$240,797$1,096,356
71$1,582,616$373,631$172,590$1,117,816
72$1,665,366$313,262$99,696$1,140,688
73$1,754,079$247,458$21,881$1,165,165
74$1,849,285$175,872$0$1,191,470
75$1,951,564$98,142$0$1,239,427
76$2,061,556$13,884$0$1,298,484
77$2,179,961$0$0$1,362,026
78$2,307,550$0$0$1,440,698
79$2,445,167$0$0$1,527,580
80$2,593,743$0$0$1,621,432
81$2,754,297$0$0$1,722,906
82$2,927,951$0$0$1,832,717
83$3,115,938$0$0$1,951,651
84$3,319,614$0$0$2,080,575
85$3,540,470$0$0$2,220,439
86$3,780,143$0$0$2,372,291
87$4,040,438$0$0$2,537,280
88$4,323,336$0$0$2,716,674
89$4,631,020$0$0$2,911,864
90$4,965,888$0$0$3,124,383
91$5,330,582$0$0$3,355,918
92$5,728,006$0$0$3,608,324
93$6,161,360$0$0$3,883,643
94$6,634,163$0$0$4,184,125
95$7,150,288$0$0$4,512,242
96$7,714,001$0$0$4,870,719
97$8,329,995$0$0$5,262,556
98$9,003,439$0$0$5,691,053
99$9,740,024$0$0$6,159,845
100$10,546,015$0$0$6,672,936