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%12.1%
1 years$55,741$55,244$54,760$54,287$53,825$53,352
2 years$27,594$27,081$26,582$26,100$25,631$25,154
3 years$18,214$17,697$17,201$16,722$16,261$15,796
4 years$13,524$13,009$12,518$12,047$11,598$11,147
5 years$10,711$10,200$9,714$9,254$8,816$8,381
6 years$8,836$8,329$7,851$7,400$6,976$6,558
7 years$7,498$6,994$6,524$6,084$5,673$5,272
8 years$6,494$5,996$5,533$5,104$4,707$4,322
9 years$5,714$5,220$4,765$4,347$3,964$3,596
10 years$5,091$4,601$4,155$3,747$3,377$3,026
11 years$4,581$4,096$3,658$3,261$2,905$2,569
12 years$4,156$3,677$3,246$2,861$2,517$2,197
13 years$3,797$3,323$2,900$2,526$2,195$1,891
14 years$3,489$3,020$2,606$2,242$1,924$1,635
15 years$3,223$2,759$2,353$1,999$1,694$1,420
16 years$2,991$2,531$2,133$1,790$1,497$1,237
17 years$2,785$2,331$1,941$1,608$1,328$1,081
18 years$2,603$2,154$1,772$1,450$1,180$947
19 years$2,440$1,996$1,622$1,310$1,052$832
20 years$2,294$1,855$1,489$1,186$940$732
21 years$2,162$1,728$1,369$1,077$841$645
22 years$2,042$1,613$1,262$979$754$569
23 years$1,932$1,509$1,165$892$677$503
24 years$1,832$1,414$1,078$813$608$445
25 years$1,740$1,327$998$743$547$394
26 years$1,655$1,247$926$679$493$349
27 years$1,577$1,173$860$621$444$310
28 years$1,504$1,106$799$569$401$275
29 years$1,437$1,043$744$522$362$244
30 years$1,374$985$693$479$327$217
31 years$1,315$931$646$440$296$193
32 years$1,260$881$602$404$268$171
33 years$1,209$834$563$372$242$152
34 years$1,160$791$526$342$219$136
35 years$1,115$750$491$315$199$121
36 years$1,072$712$460$290$180$107
37 years$1,032$676$430$267$163$96
38 years$993$643$403$246$148$85
39 years$957$611$378$227$134$76
40 years$923$581$354$210$122$68
41 years$890$553$332$193$110$60
42 years$859$527$311$178$100$54
43 years$830$502$292$165$91$48
44 years$802$479$274$152$82$43
45 years$775$456$257$140$75$38
46 years$750$435$242$130$68$34
47 years$726$416$227$120$62$30
48 years$702$397$213$111$56$27
49 years$680$379$201$102$51$24
50 years$659$362$189$95$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $675,000, adding $5,963 every year, while hoping to spend $30,874 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: 60/15/25 Blend
56$675,000$675,000$675,000$675,000
57$750,001$714,226$703,763$789,646
58$793,651$716,373$694,490$819,449
59$840,719$717,591$683,871$848,098
60$891,521$717,801$671,828$878,692
61$946,403$716,921$658,282$911,426
62$1,005,748$714,861$643,146$946,517
63$1,069,974$711,530$626,331$984,205
64$1,139,543$706,826$607,745$1,024,755
65$1,214,962$700,646$587,290$1,068,460
66$1,296,788$692,877$564,864$1,115,646
67$1,385,634$683,402$540,360$1,166,670
68$1,482,174$672,094$513,668$1,221,932
69$1,587,150$658,821$484,671$1,281,870
70$1,701,379$643,443$453,246$1,346,971
71$1,825,757$625,809$419,268$1,417,772
72$1,961,273$605,763$382,602$1,494,867
73$2,109,015$583,137$343,111$1,578,913
74$2,270,179$557,755$300,650$1,670,636
75$2,446,081$529,430$255,066$1,770,839
76$2,638,173$497,963$206,202$1,880,408
77$2,848,050$463,146$153,893$2,000,324
78$3,077,468$424,758$97,966$2,131,668
79$3,328,363$382,565$38,241$2,275,638
80$3,602,865$336,319$0$2,433,553
81$3,903,319$285,760$0$2,613,675
82$4,232,308$230,612$0$2,822,141
83$4,592,675$170,584$0$3,050,575
84$4,987,552$105,368$0$3,300,999
85$5,420,390$34,638$0$3,575,641
86$5,894,986$0$0$3,876,960
87$6,415,525$0$0$4,214,587
88$6,986,616$0$0$4,591,331
89$7,613,334$0$0$5,004,828
90$8,301,271$0$0$5,458,775
91$9,056,586$0$0$5,957,243
92$9,886,064$0$0$6,504,718
93$10,797,178$0$0$7,106,141
94$11,798,161$0$0$7,766,953
95$12,898,085$0$0$8,493,152
96$14,106,941$0$0$9,291,343
97$15,435,738$0$0$10,168,804
98$16,896,603$0$0$11,133,553
99$18,502,900$0$0$12,194,424
100$20,269,347$0$0$13,361,149