Can I retire at age 57 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$55,741$55,244$54,760$54,287$53,825$53,219
2 years$27,594$27,081$26,582$26,100$25,631$25,021
3 years$18,214$17,697$17,201$16,722$16,261$15,666
4 years$13,524$13,009$12,518$12,047$11,598$11,022
5 years$10,711$10,200$9,714$9,254$8,816$8,262
6 years$8,836$8,329$7,851$7,400$6,976$6,443
7 years$7,498$6,994$6,524$6,084$5,673$5,162
8 years$6,494$5,996$5,533$5,104$4,707$4,218
9 years$5,714$5,220$4,765$4,347$3,964$3,497
10 years$5,091$4,601$4,155$3,747$3,377$2,932
11 years$4,581$4,096$3,658$3,261$2,905$2,480
12 years$4,156$3,677$3,246$2,861$2,517$2,113
13 years$3,797$3,323$2,900$2,526$2,195$1,811
14 years$3,489$3,020$2,606$2,242$1,924$1,560
15 years$3,223$2,759$2,353$1,999$1,694$1,349
16 years$2,991$2,531$2,133$1,790$1,497$1,171
17 years$2,785$2,331$1,941$1,608$1,328$1,019
18 years$2,603$2,154$1,772$1,450$1,180$889
19 years$2,440$1,996$1,622$1,310$1,052$777
20 years$2,294$1,855$1,489$1,186$940$681
21 years$2,162$1,728$1,369$1,077$841$597
22 years$2,042$1,613$1,262$979$754$525
23 years$1,932$1,509$1,165$892$677$462
24 years$1,832$1,414$1,078$813$608$407
25 years$1,740$1,327$998$743$547$358
26 years$1,655$1,247$926$679$493$316
27 years$1,577$1,173$860$621$444$279
28 years$1,504$1,106$799$569$401$246
29 years$1,437$1,043$744$522$362$218
30 years$1,374$985$693$479$327$192
31 years$1,315$931$646$440$296$170
32 years$1,260$881$602$404$268$151
33 years$1,209$834$563$372$242$133
34 years$1,160$791$526$342$219$118
35 years$1,115$750$491$315$199$105
36 years$1,072$712$460$290$180$93
37 years$1,032$676$430$267$163$82
38 years$993$643$403$246$148$73
39 years$957$611$378$227$134$64
40 years$923$581$354$210$122$57
41 years$890$553$332$193$110$51
42 years$859$527$311$178$100$45
43 years$830$502$292$165$91$40
44 years$802$479$274$152$82$35
45 years$775$456$257$140$75$31
46 years$750$435$242$130$68$28
47 years$726$416$227$120$62$25
48 years$702$397$213$111$56$22
49 years$680$379$201$102$51$19
50 years$659$362$189$95$46$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $675,000, adding $2,721 every year, while hoping to spend $34,805 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: 30/49/21 Blend
56$675,000$675,000$675,000$675,000
57$746,657$710,882$700,419$764,087
58$785,783$708,683$686,851$775,404
59$827,735$705,209$671,662$784,263
60$872,761$700,363$654,760$793,063
61$921,140$694,037$636,052$801,822
62$973,173$686,122$615,436$810,560
63$1,029,192$676,497$592,809$819,304
64$1,089,564$665,040$568,062$828,086
65$1,154,688$651,615$541,081$836,946
66$1,225,005$636,084$511,746$845,933
67$1,301,000$618,296$479,934$855,101
68$1,383,205$598,095$445,514$864,519
69$1,472,203$575,313$408,350$874,264
70$1,568,638$549,774$368,301$884,427
71$1,673,218$521,291$325,217$895,115
72$1,786,718$489,667$278,944$906,448
73$1,909,995$454,692$229,321$918,567
74$2,043,989$416,146$176,177$931,632
75$2,189,734$373,796$119,337$945,829
76$2,348,369$327,394$58,617$961,366
77$2,521,146$276,679$0$978,481
78$2,709,443$221,377$0$998,832
79$2,914,777$161,196$0$1,035,444
80$3,138,819$95,828$0$1,075,565
81$3,383,404$24,950$0$1,119,634
82$3,650,557$0$0$1,168,144
83$3,942,503$0$0$1,249,565
84$4,261,696$0$0$1,353,395
85$4,610,833$0$0$1,467,070
86$4,992,887$0$0$1,591,573
87$5,411,131$0$0$1,727,984
88$5,869,168$0$0$1,877,492
89$6,370,967$0$0$2,041,406
90$6,920,899$0$0$2,221,172
91$7,523,777$0$0$2,418,376
92$8,184,902$0$0$2,634,771
93$8,910,113$0$0$2,872,285
94$9,705,842$0$0$3,133,041
95$10,579,173$0$0$3,419,379
96$11,537,908$0$0$3,733,877
97$12,590,644$0$0$4,079,374
98$13,746,848$0$0$4,458,997
99$15,016,952$0$0$4,876,194
100$16,412,447$0$0$5,334,759