Can I retire at age 57 with 673,000?

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 $673,000?

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$55,576$55,081$54,598$54,126$53,666$51,907
2 years$27,513$27,000$26,504$26,022$25,555$23,799
3 years$18,160$17,645$17,150$16,673$16,213$14,516
4 years$13,484$12,971$12,481$12,012$11,563$9,938
5 years$10,679$10,169$9,685$9,226$8,790$7,241
6 years$8,810$8,304$7,827$7,378$6,956$5,484
7 years$7,476$6,974$6,504$6,066$5,657$4,262
8 years$6,475$5,978$5,516$5,089$4,693$3,374
9 years$5,697$5,205$4,751$4,334$3,952$2,708
10 years$5,076$4,588$4,142$3,736$3,367$2,196
11 years$4,567$4,084$3,647$3,252$2,896$1,795
12 years$4,144$3,666$3,236$2,852$2,510$1,477
13 years$3,786$3,313$2,891$2,518$2,188$1,221
14 years$3,479$3,011$2,598$2,235$1,918$1,014
15 years$3,214$2,751$2,346$1,993$1,689$844
16 years$2,982$2,524$2,127$1,785$1,493$705
17 years$2,777$2,324$1,935$1,604$1,324$590
18 years$2,596$2,148$1,767$1,445$1,177$495
19 years$2,433$1,991$1,617$1,306$1,049$416
20 years$2,287$1,850$1,484$1,183$937$350
21 years$2,155$1,723$1,365$1,073$838$294
22 years$2,036$1,608$1,258$976$752$248
23 years$1,927$1,504$1,162$889$675$209
24 years$1,827$1,409$1,074$811$606$177
25 years$1,735$1,323$995$740$546$149
26 years$1,651$1,243$923$677$492$126
27 years$1,572$1,170$857$620$443$106
28 years$1,500$1,102$797$568$400$90
29 years$1,433$1,040$741$521$361$76
30 years$1,370$982$691$478$326$64
31 years$1,311$928$644$439$295$54
32 years$1,257$878$601$403$267$46
33 years$1,205$832$561$371$241$39
34 years$1,157$788$524$341$219$33
35 years$1,112$748$490$314$198$28
36 years$1,069$710$458$289$179$24
37 years$1,029$674$429$267$163$20
38 years$990$641$402$246$147$17
39 years$954$609$376$227$134$14
40 years$920$580$353$209$121$12
41 years$888$552$331$193$110$10
42 years$857$525$310$178$100$9
43 years$828$501$291$164$91$7
44 years$800$477$273$152$82$6
45 years$773$455$257$140$75$5
46 years$748$434$241$129$68$4
47 years$723$414$226$120$62$4
48 years$700$396$213$110$56$3
49 years$678$378$200$102$51$3
50 years$657$361$188$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $673,000, adding $3,132 every year, while hoping to spend $48,533 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: 68/19/13 Blend
56$673,000$673,000$673,000$673,000
57$744,877$709,208$698,776$793,149
58$769,215$692,320$670,546$808,784
59$794,410$672,978$639,744$819,806
60$820,497$651,011$606,233$830,612
61$847,513$626,237$569,867$841,178
62$875,500$598,463$530,499$851,473
63$904,501$567,487$487,970$861,470
64$934,560$533,094$442,117$871,138
65$965,726$495,056$392,768$880,443
66$998,049$453,134$339,746$889,353
67$1,031,585$407,072$282,862$897,834
68$1,066,391$356,603$221,923$905,848
69$1,102,530$301,443$156,723$913,359
70$1,140,066$241,292$87,052$920,328
71$1,179,072$175,834$12,687$926,715
72$1,219,621$104,734$0$932,480
73$1,261,795$27,639$0$946,827
74$1,305,681$0$0$962,946
75$1,351,372$0$0$990,736
76$1,398,967$0$0$1,025,711
77$1,448,575$0$0$1,062,172
78$1,500,310$0$0$1,100,206
79$1,554,297$0$0$1,139,903
80$1,610,671$0$0$1,181,366
81$1,669,577$0$0$1,224,701
82$1,731,172$0$0$1,270,026
83$1,795,626$0$0$1,317,467
84$1,863,121$0$0$1,367,160
85$1,933,858$0$0$1,419,255
86$2,008,053$0$0$1,473,911
87$2,085,939$0$0$1,531,304
88$2,167,770$0$0$1,591,623
89$2,253,824$0$0$1,655,075
90$2,344,402$0$0$1,721,884
91$2,439,830$0$0$1,792,293
92$2,540,464$0$0$1,866,571
93$2,646,695$0$0$1,945,005
94$2,758,945$0$0$2,027,914
95$2,877,676$0$0$2,115,641
96$3,003,393$0$0$2,208,564
97$3,136,648$0$0$2,307,095
98$3,278,042$0$0$2,411,683
99$3,428,234$0$0$2,522,822
100$3,587,945$0$0$2,641,049