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%19.5%
1 years$55,576$55,081$54,598$54,126$53,666$51,618
2 years$27,513$27,000$26,504$26,022$25,555$23,516
3 years$18,160$17,645$17,150$16,673$16,213$14,247
4 years$13,484$12,971$12,481$12,012$11,563$9,685
5 years$10,679$10,169$9,685$9,226$8,790$7,005
6 years$8,810$8,304$7,827$7,378$6,956$5,264
7 years$7,476$6,974$6,504$6,066$5,657$4,059
8 years$6,475$5,978$5,516$5,089$4,693$3,187
9 years$5,697$5,205$4,751$4,334$3,952$2,536
10 years$5,076$4,588$4,142$3,736$3,367$2,038
11 years$4,567$4,084$3,647$3,252$2,896$1,651
12 years$4,144$3,666$3,236$2,852$2,510$1,346
13 years$3,786$3,313$2,891$2,518$2,188$1,102
14 years$3,479$3,011$2,598$2,235$1,918$906
15 years$3,214$2,751$2,346$1,993$1,689$747
16 years$2,982$2,524$2,127$1,785$1,493$618
17 years$2,777$2,324$1,935$1,604$1,324$512
18 years$2,596$2,148$1,767$1,445$1,177$425
19 years$2,433$1,991$1,617$1,306$1,049$353
20 years$2,287$1,850$1,484$1,183$937$294
21 years$2,155$1,723$1,365$1,073$838$245
22 years$2,036$1,608$1,258$976$752$204
23 years$1,927$1,504$1,162$889$675$170
24 years$1,827$1,409$1,074$811$606$142
25 years$1,735$1,323$995$740$546$119
26 years$1,651$1,243$923$677$492$99
27 years$1,572$1,170$857$620$443$83
28 years$1,500$1,102$797$568$400$69
29 years$1,433$1,040$741$521$361$58
30 years$1,370$982$691$478$326$48
31 years$1,311$928$644$439$295$40
32 years$1,257$878$601$403$267$34
33 years$1,205$832$561$371$241$28
34 years$1,157$788$524$341$219$24
35 years$1,112$748$490$314$198$20
36 years$1,069$710$458$289$179$17
37 years$1,029$674$429$267$163$14
38 years$990$641$402$246$147$12
39 years$954$609$376$227$134$10
40 years$920$580$353$209$121$8
41 years$888$552$331$193$110$7
42 years$857$525$310$178$100$6
43 years$828$501$291$164$91$5
44 years$800$477$273$152$82$4
45 years$773$455$257$140$75$3
46 years$748$434$241$129$68$3
47 years$723$414$226$120$62$2
48 years$700$396$213$110$56$2
49 years$678$378$200$102$51$2
50 years$657$361$188$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $673,000, adding $5,277 every year, while hoping to spend $32,414 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: 62/30/8 Blend
56$673,000$673,000$673,000$673,000
57$747,089$711,420$700,989$791,844
58$788,804$711,792$689,984$822,772
59$833,687$711,095$677,523$852,276
60$882,028$709,243$663,525$883,655
61$934,144$706,145$647,902$917,089
62$990,383$701,703$630,563$952,778
63$1,051,129$695,813$611,414$990,944
64$1,116,802$688,366$590,355$1,031,832
65$1,187,866$679,245$567,281$1,075,713
66$1,264,828$668,328$542,085$1,122,887
67$1,348,248$655,483$514,652$1,173,684
68$1,438,740$640,573$484,864$1,228,473
69$1,536,982$623,451$452,597$1,287,659
70$1,643,716$603,962$417,720$1,351,690
71$1,759,760$581,942$380,100$1,421,063
72$1,886,015$557,217$339,593$1,496,327
73$2,023,472$529,603$296,052$1,578,088
74$2,173,218$498,906$249,322$1,667,016
75$2,336,455$464,921$199,243$1,763,854
76$2,514,501$427,430$145,645$1,869,421
77$2,708,810$386,203$88,354$1,984,622
78$2,920,979$340,998$27,184$2,110,459
79$3,152,770$291,558$0$2,248,038
80$3,406,119$237,611$0$2,401,832
81$3,683,161$178,871$0$2,572,629
82$3,986,244$115,037$0$2,759,614
83$4,317,955$45,787$0$2,964,454
84$4,681,141$0$0$3,188,990
85$5,078,939$0$0$3,444,895
86$5,514,802$0$0$3,741,900
87$5,992,535$0$0$4,067,486
88$6,516,326$0$0$4,424,515
89$7,090,789$0$0$4,816,138
90$7,721,006$0$0$5,245,828
91$8,412,574$0$0$5,717,406
92$9,171,659$0$0$6,235,086
93$10,005,052$0$0$6,803,506
94$10,920,235$0$0$7,427,776
95$11,925,448$0$0$8,113,527
96$13,029,770$0$0$8,866,960
97$14,243,203$0$0$9,694,908
98$15,576,765$0$0$10,604,897
99$17,042,594$0$0$11,605,220
100$18,654,063$0$0$12,705,013