Can I retire at age 57 with 674,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $674,000?

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$55,658$55,163$54,679$54,207$53,746$53,295
2 years$27,554$27,040$26,543$26,061$25,593$25,139
3 years$18,187$17,671$17,175$16,697$16,237$15,794
4 years$13,504$12,990$12,499$12,030$11,581$11,151
5 years$10,695$10,184$9,700$9,240$8,803$8,389
6 years$8,823$8,316$7,839$7,389$6,966$6,567
7 years$7,487$6,984$6,514$6,075$5,665$5,283
8 years$6,485$5,987$5,525$5,096$4,700$4,333
9 years$5,706$5,212$4,758$4,341$3,958$3,607
10 years$5,083$4,595$4,148$3,742$3,372$3,037
11 years$4,574$4,090$3,652$3,257$2,900$2,580
12 years$4,150$3,671$3,241$2,856$2,513$2,208
13 years$3,791$3,318$2,896$2,522$2,192$1,901
14 years$3,484$3,016$2,602$2,239$1,921$1,645
15 years$3,218$2,755$2,349$1,996$1,692$1,430
16 years$2,986$2,528$2,130$1,788$1,495$1,247
17 years$2,781$2,328$1,938$1,606$1,326$1,090
18 years$2,599$2,151$1,769$1,447$1,179$956
19 years$2,437$1,993$1,620$1,308$1,051$840
20 years$2,291$1,852$1,486$1,185$938$740
21 years$2,159$1,725$1,367$1,075$840$652
22 years$2,039$1,611$1,260$977$753$576
23 years$1,930$1,506$1,163$890$676$510
24 years$1,830$1,411$1,076$812$607$451
25 years$1,738$1,325$997$741$546$400
26 years$1,653$1,245$924$678$492$355
27 years$1,575$1,172$858$621$444$315
28 years$1,502$1,104$798$569$400$279
29 years$1,435$1,041$743$521$362$248
30 years$1,372$984$692$479$327$221
31 years$1,313$930$645$439$295$196
32 years$1,258$880$602$404$267$175
33 years$1,207$833$562$371$242$156
34 years$1,159$790$525$342$219$139
35 years$1,113$749$491$315$198$123
36 years$1,070$711$459$290$180$110
37 years$1,030$675$430$267$163$98
38 years$992$642$402$246$148$87
39 years$956$610$377$227$134$78
40 years$921$581$353$209$121$69
41 years$889$553$331$193$110$62
42 years$858$526$311$178$100$55
43 years$829$501$292$164$91$49
44 years$801$478$274$152$82$44
45 years$774$456$257$140$75$39
46 years$749$435$241$130$68$35
47 years$725$415$227$120$62$31
48 years$701$396$213$111$56$28
49 years$679$378$200$102$51$25
50 years$658$361$188$94$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $674,000, adding $3,581 every year, while hoping to spend $37,119 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: 89/6/5 Blend
56$674,000$674,000$674,000$674,000
57$746,442$710,720$700,273$812,662
58$783,085$706,051$684,238$851,598
59$822,221$699,909$666,421$888,793
60$864,066$692,183$646,725$928,452
61$908,855$682,754$625,045$970,793
62$956,847$671,499$601,273$1,016,057
63$1,008,327$658,283$575,296$1,064,507
64$1,063,604$642,967$546,997$1,116,434
65$1,123,022$625,402$516,251$1,172,158
66$1,186,954$605,430$482,929$1,232,030
67$1,255,812$582,886$446,897$1,296,437
68$1,330,050$557,592$408,013$1,365,803
69$1,410,164$529,363$366,130$1,440,598
70$1,496,699$498,000$321,094$1,521,335
71$1,590,256$463,296$272,744$1,608,583
72$1,691,494$425,029$220,912$1,702,966
73$1,801,137$382,967$165,424$1,805,171
74$1,919,983$336,862$106,096$1,915,954
75$2,048,909$286,455$42,737$2,036,150
76$2,188,876$231,471$0$2,166,675
77$2,340,947$171,618$0$2,309,868
78$2,506,285$106,589$0$2,468,034
79$2,686,175$36,061$0$2,640,129
80$2,882,028$0$0$2,827,515
81$3,095,396$0$0$3,034,354
82$3,327,989$0$0$3,262,428
83$3,581,688$0$0$3,511,200
84$3,858,563$0$0$3,782,701
85$4,160,892$0$0$4,079,166
86$4,491,185$0$0$4,403,056
87$4,852,203$0$0$4,757,078
88$5,246,987$0$0$5,144,215
89$5,678,884$0$0$5,567,751
90$6,151,581$0$0$6,031,300
91$6,669,137$0$0$6,538,844
92$7,236,022$0$0$7,094,766
93$7,857,157$0$0$7,703,895
94$8,537,965$0$0$8,371,547
95$9,284,416$0$0$9,103,578
96$10,103,085$0$0$9,906,437
97$11,001,216$0$0$10,787,228
98$11,986,786$0$0$11,753,776
99$13,068,583$0$0$12,814,698
100$14,256,286$0$0$13,979,488