Can I retire at age 57 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$63,090$62,528$61,980$61,445$60,922$58,482
2 years$31,233$30,651$30,087$29,541$29,011$26,583
3 years$20,615$20,031$19,469$18,927$18,406$16,067
4 years$15,307$14,725$14,168$13,636$13,127$10,895
5 years$12,123$11,544$10,995$10,474$9,979$7,859
6 years$10,001$9,427$8,886$8,376$7,896$5,889
7 years$8,486$7,917$7,384$6,886$6,422$4,528
8 years$7,351$6,786$6,262$5,777$5,327$3,545
9 years$6,468$5,908$5,394$4,920$4,486$2,812
10 years$5,762$5,208$4,702$4,242$3,823$2,253
11 years$5,185$4,636$4,140$3,691$3,288$1,819
12 years$4,704$4,161$3,674$3,238$2,849$1,478
13 years$4,298$3,761$3,282$2,859$2,484$1,206
14 years$3,950$3,418$2,949$2,537$2,178$988
15 years$3,648$3,123$2,663$2,263$1,917$812
16 years$3,385$2,865$2,414$2,026$1,695$669
17 years$3,153$2,639$2,197$1,821$1,503$552
18 years$2,946$2,438$2,005$1,641$1,336$456
19 years$2,762$2,260$1,836$1,483$1,191$378
20 years$2,597$2,100$1,685$1,343$1,064$313
21 years$2,447$1,956$1,550$1,219$952$260
22 years$2,311$1,826$1,428$1,108$853$216
23 years$2,187$1,708$1,319$1,009$766$179
24 years$2,074$1,600$1,220$920$688$149
25 years$1,970$1,501$1,130$840$619$124
26 years$1,874$1,411$1,048$769$558$103
27 years$1,785$1,328$973$703$503$86
28 years$1,703$1,251$904$644$454$71
29 years$1,626$1,181$842$591$410$59
30 years$1,555$1,115$784$542$370$49
31 years$1,489$1,054$731$498$335$41
32 years$1,427$997$682$458$303$34
33 years$1,368$944$637$421$274$29
34 years$1,313$895$595$387$248$24
35 years$1,262$849$556$357$225$20
36 years$1,213$806$520$328$204$17
37 years$1,168$765$487$303$185$14
38 years$1,124$727$456$279$167$11
39 years$1,083$692$427$257$152$10
40 years$1,045$658$400$237$138$8
41 years$1,008$626$376$219$125$7
42 years$973$597$352$202$113$6
43 years$939$568$331$186$103$5
44 years$908$542$310$172$93$4
45 years$878$517$291$159$85$3
46 years$849$493$274$147$77$3
47 years$821$470$257$136$70$2
48 years$795$449$242$125$63$2
49 years$770$429$227$116$58$2
50 years$746$410$213$107$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $764,000, adding $3,516 every year, while hoping to spend $41,114 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: 28/50/22 Blend
56$764,000$764,000$764,000$764,000
57$845,555$805,063$793,221$863,295
58$888,056$800,766$776,049$873,114
59$933,515$794,880$756,923$879,789
60$982,189$787,285$735,736$886,092
61$1,034,362$777,852$712,373$892,020
62$1,090,344$766,444$686,714$897,567
63$1,150,477$752,917$658,637$902,737
64$1,215,134$737,118$628,009$907,534
65$1,284,726$718,885$594,696$911,970
66$1,359,704$698,046$558,554$916,062
67$1,440,564$674,421$519,436$919,833
68$1,527,850$647,816$477,186$923,315
69$1,622,160$618,029$431,641$926,550
70$1,724,152$584,844$382,632$929,589
71$1,834,548$548,033$329,983$932,496
72$1,954,141$507,357$273,507$935,347
73$2,083,806$462,560$213,012$938,234
74$2,224,503$413,374$148,297$941,267
75$2,377,288$359,514$79,150$944,576
76$2,543,322$300,681$5,352$948,311
77$2,723,883$236,557$0$952,648
78$2,920,377$166,806$0$975,022
79$3,134,352$91,076$0$1,000,898
80$3,367,509$8,992$0$1,029,347
81$3,621,722$0$0$1,060,739
82$3,899,052$0$0$1,139,420
83$4,201,769$0$0$1,230,821
84$4,532,372$0$0$1,330,763
85$4,893,610$0$0$1,440,092
86$5,288,510$0$0$1,559,742
87$5,720,407$0$0$1,690,737
88$6,192,969$0$0$1,834,209
89$6,710,239$0$0$1,991,402
90$7,276,667$0$0$2,163,687
91$7,897,153$0$0$2,352,574
92$8,577,094$0$0$2,559,725
93$9,322,433$0$0$2,786,972
94$10,139,717$0$0$3,036,332
95$11,036,155$0$0$3,310,027
96$12,019,689$0$0$3,610,504
97$13,099,065$0$0$3,940,460
98$14,283,919$0$0$4,302,865
99$15,584,863$0$0$4,700,990
100$17,013,590$0$0$5,138,440