Can I retire at age 57 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$62,925$62,365$61,818$61,284$60,763$58,747
2 years$31,151$30,571$30,009$29,464$28,935$26,924
3 years$20,561$19,978$19,418$18,878$18,357$16,414
4 years$15,267$14,686$14,131$13,600$13,093$11,232
5 years$12,092$11,514$10,966$10,446$9,953$8,179
6 years$9,975$9,402$8,862$8,354$7,875$6,191
7 years$8,464$7,896$7,365$6,868$6,405$4,809
8 years$7,331$6,768$6,246$5,762$5,313$3,805
9 years$6,451$5,893$5,380$4,908$4,475$3,052
10 years$5,747$5,194$4,690$4,230$3,813$2,473
11 years$5,171$4,624$4,129$3,682$3,279$2,020
12 years$4,692$4,151$3,664$3,229$2,841$1,661
13 years$4,286$3,751$3,274$2,851$2,478$1,372
14 years$3,939$3,409$2,942$2,531$2,172$1,139
15 years$3,639$3,115$2,656$2,257$1,912$948
16 years$3,376$2,858$2,408$2,021$1,690$791
17 years$3,144$2,632$2,191$1,816$1,499$662
18 years$2,939$2,432$2,000$1,636$1,333$555
19 years$2,755$2,254$1,831$1,479$1,188$465
20 years$2,590$2,094$1,680$1,339$1,061$391
21 years$2,441$1,951$1,546$1,215$949$329
22 years$2,305$1,821$1,425$1,105$851$277
23 years$2,181$1,703$1,315$1,006$764$233
24 years$2,068$1,596$1,217$918$687$197
25 years$1,965$1,497$1,127$838$618$166
26 years$1,869$1,407$1,045$766$557$140
27 years$1,780$1,325$970$702$502$118
28 years$1,698$1,248$902$643$453$100
29 years$1,622$1,177$839$589$409$84
30 years$1,551$1,112$782$541$369$71
31 years$1,485$1,051$729$497$334$60
32 years$1,423$995$680$457$302$51
33 years$1,365$942$635$420$273$43
34 years$1,310$893$593$386$248$36
35 years$1,259$847$555$356$224$31
36 years$1,210$804$519$328$203$26
37 years$1,165$763$486$302$184$22
38 years$1,121$725$455$278$167$19
39 years$1,080$690$426$256$151$16
40 years$1,042$656$399$237$137$13
41 years$1,005$625$375$218$125$11
42 years$970$595$351$201$113$10
43 years$937$567$330$186$103$8
44 years$905$540$309$172$93$7
45 years$875$515$291$159$85$6
46 years$847$492$273$146$77$5
47 years$819$469$256$135$70$4
48 years$793$448$241$125$63$3
49 years$768$428$226$116$57$3
50 years$744$409$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $762,000, adding $2,343 every year, while hoping to spend $49,926 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: 67/11/22 Blend
56$762,000$762,000$762,000$762,000
57$842,141$801,755$789,944$893,714
58$874,918$787,920$763,286$914,762
59$909,366$771,734$734,062$931,819
60$945,601$753,029$702,133$949,295
61$983,752$731,626$667,354$967,230
62$1,023,957$707,339$629,573$985,672
63$1,066,369$679,967$588,632$1,004,673
64$1,111,154$649,300$544,366$1,024,294
65$1,158,491$615,115$496,601$1,044,603
66$1,208,577$577,176$445,158$1,065,678
67$1,261,627$535,233$389,846$1,087,605
68$1,317,876$489,023$330,469$1,110,483
69$1,377,582$438,267$266,822$1,134,422
70$1,441,023$382,670$198,688$1,159,548
71$1,508,508$321,921$125,845$1,185,999
72$1,580,372$255,691$48,057$1,213,933
73$1,656,982$183,633$0$1,243,526
74$1,738,743$105,380$0$1,283,181
75$1,826,095$20,543$0$1,337,485
76$1,919,522$0$0$1,395,455
77$2,019,554$0$0$1,466,061
78$2,126,773$0$0$1,544,436
79$2,241,816$0$0$1,628,563
80$2,365,385$0$0$1,718,959
81$2,498,247$0$0$1,816,190
82$2,641,247$0$0$1,920,879
83$2,795,310$0$0$2,033,708
84$2,961,454$0$0$2,155,428
85$3,140,796$0$0$2,286,863
86$3,334,566$0$0$2,428,920
87$3,544,113$0$0$2,582,593
88$3,770,921$0$0$2,748,978
89$4,016,620$0$0$2,929,277
90$4,283,004$0$0$3,124,814
91$4,572,044$0$0$3,337,043
92$4,885,911$0$0$3,567,565
93$5,226,988$0$0$3,818,139
94$5,597,901$0$0$4,090,702
95$6,001,536$0$0$4,387,385
96$6,441,071$0$0$4,710,532
97$6,920,001$0$0$5,062,722
98$7,442,172$0$0$5,446,795
99$8,011,820$0$0$5,865,875
100$8,633,604$0$0$6,323,401