Can I retire at age 57 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$55,411$54,917$54,435$53,965$53,506$53,058
2 years$27,431$26,920$26,425$25,945$25,479$25,027
3 years$18,106$17,593$17,099$16,623$16,165$15,724
4 years$13,444$12,932$12,443$11,976$11,529$11,102
5 years$10,648$10,139$9,657$9,199$8,764$8,352
6 years$8,784$8,279$7,804$7,356$6,935$6,538
7 years$7,453$6,953$6,485$6,048$5,640$5,259
8 years$6,456$5,960$5,500$5,074$4,679$4,314
9 years$5,680$5,189$4,737$4,322$3,940$3,591
10 years$5,060$4,574$4,130$3,725$3,357$3,023
11 years$4,554$4,072$3,636$3,242$2,887$2,569
12 years$4,131$3,655$3,227$2,844$2,502$2,199
13 years$3,774$3,303$2,883$2,511$2,182$1,893
14 years$3,469$3,002$2,590$2,229$1,913$1,638
15 years$3,204$2,743$2,339$1,988$1,684$1,423
16 years$2,973$2,516$2,120$1,780$1,488$1,241
17 years$2,769$2,317$1,929$1,599$1,320$1,085
18 years$2,588$2,141$1,761$1,441$1,173$952
19 years$2,426$1,985$1,612$1,302$1,046$836
20 years$2,281$1,844$1,480$1,179$934$736
21 years$2,149$1,718$1,361$1,070$836$649
22 years$2,030$1,604$1,254$973$749$574
23 years$1,921$1,500$1,158$886$673$507
24 years$1,821$1,405$1,071$808$605$449
25 years$1,730$1,319$992$738$544$398
26 years$1,646$1,239$920$675$490$353
27 years$1,568$1,166$854$618$442$313
28 years$1,496$1,099$794$566$399$278
29 years$1,428$1,037$739$519$360$247
30 years$1,366$979$689$476$325$220
31 years$1,307$926$642$438$294$196
32 years$1,253$876$599$402$266$174
33 years$1,202$829$559$370$241$155
34 years$1,154$786$522$340$218$138
35 years$1,108$746$488$313$197$123
36 years$1,066$708$457$288$179$110
37 years$1,025$672$428$266$162$98
38 years$987$639$401$245$147$87
39 years$951$607$375$226$133$78
40 years$917$578$352$208$121$69
41 years$885$550$330$192$110$62
42 years$854$524$309$177$100$55
43 years$825$499$290$164$90$49
44 years$797$476$273$151$82$44
45 years$771$454$256$140$74$39
46 years$745$433$240$129$68$35
47 years$721$413$226$119$61$31
48 years$698$394$212$110$56$28
49 years$676$377$199$102$51$25
50 years$655$360$187$94$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $671,000, adding $4,583 every year, while hoping to spend $35,186 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: 47/31/22 Blend
56$671,000$671,000$671,000$671,000
57$744,169$708,606$698,206$774,285
58$782,637$705,890$684,158$793,104
59$823,849$701,862$668,461$809,653
60$868,048$696,420$651,021$826,897
61$915,501$689,457$631,742$844,915
62$966,500$680,858$610,523$863,800
63$1,021,365$670,502$587,258$883,653
64$1,080,450$658,262$561,836$904,593
65$1,144,141$644,002$534,143$926,747
66$1,212,863$627,578$504,056$950,262
67$1,287,084$608,838$471,451$975,303
68$1,367,316$587,620$436,194$1,002,052
69$1,454,123$563,755$398,148$1,030,715
70$1,548,126$537,061$357,168$1,061,522
71$1,650,007$507,349$313,105$1,094,730
72$1,760,514$474,416$265,800$1,130,626
73$1,880,473$438,048$215,091$1,169,529
74$2,010,790$398,021$160,805$1,211,798
75$2,152,461$354,096$102,763$1,257,831
76$2,306,586$306,020$40,779$1,308,072
77$2,474,370$253,527$0$1,363,015
78$2,657,142$196,336$0$1,429,167
79$2,856,365$134,151$0$1,511,786
80$3,073,646$66,656$0$1,602,021
81$3,310,756$0$0$1,700,681
82$3,569,646$0$0$1,810,872
83$3,852,459$0$0$1,956,156
84$4,161,559$0$0$2,115,017
85$4,499,545$0$0$2,288,800
86$4,869,282$0$0$2,478,988
87$5,273,922$0$0$2,687,212
88$5,716,936$0$0$2,915,270
89$6,202,147$0$0$3,165,139
90$6,733,766$0$0$3,438,998
91$7,316,428$0$0$3,739,248
92$7,955,239$0$0$4,068,533
93$8,655,825$0$0$4,429,762
94$9,424,378$0$0$4,826,143
95$10,267,722$0$0$5,261,209
96$11,193,373$0$0$5,738,849
97$12,209,607$0$0$6,263,350
98$13,325,544$0$0$6,839,433
99$14,551,229$0$0$7,472,299
100$15,897,729$0$0$8,167,677