Can I retire at age 57 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$55,823$55,326$54,841$54,368$53,905$52,055
2 years$27,635$27,121$26,622$26,138$25,669$23,824
3 years$18,241$17,724$17,226$16,747$16,286$14,503
4 years$13,544$13,029$12,536$12,065$11,615$9,909
5 years$10,727$10,215$9,729$9,267$8,830$7,205
6 years$8,849$8,341$7,862$7,411$6,987$5,444
7 years$7,509$7,005$6,533$6,093$5,682$4,222
8 years$6,504$6,004$5,541$5,111$4,714$3,334
9 years$5,723$5,228$4,772$4,354$3,970$2,669
10 years$5,098$4,608$4,161$3,753$3,382$2,159
11 years$4,587$4,102$3,663$3,266$2,909$1,761
12 years$4,162$3,682$3,251$2,865$2,521$1,444
13 years$3,803$3,328$2,904$2,529$2,198$1,191
14 years$3,495$3,025$2,610$2,245$1,927$986
15 years$3,228$2,763$2,356$2,002$1,697$819
16 years$2,995$2,535$2,136$1,793$1,499$682
17 years$2,789$2,335$1,944$1,611$1,330$569
18 years$2,607$2,157$1,774$1,452$1,182$476
19 years$2,444$1,999$1,624$1,312$1,054$399
20 years$2,298$1,858$1,491$1,188$941$334
21 years$2,165$1,731$1,371$1,078$842$281
22 years$2,045$1,615$1,264$980$755$236
23 years$1,935$1,511$1,167$893$678$198
24 years$1,835$1,416$1,079$814$609$167
25 years$1,743$1,328$1,000$744$548$140
26 years$1,658$1,249$927$680$494$118
27 years$1,579$1,175$861$622$445$99
28 years$1,507$1,107$800$570$402$84
29 years$1,439$1,045$745$523$363$71
30 years$1,376$986$694$480$328$60
31 years$1,317$933$647$441$296$50
32 years$1,262$882$603$405$268$42
33 years$1,211$836$563$373$243$36
34 years$1,162$792$526$343$220$30
35 years$1,117$751$492$316$199$25
36 years$1,074$713$460$291$180$21
37 years$1,033$677$431$268$163$18
38 years$995$644$404$247$148$15
39 years$959$612$378$228$134$13
40 years$924$582$354$210$122$11
41 years$892$554$332$194$110$9
42 years$861$528$312$179$100$8
43 years$831$503$292$165$91$7
44 years$803$479$275$152$83$5
45 years$776$457$258$141$75$5
46 years$751$436$242$130$68$4
47 years$727$416$227$120$62$3
48 years$703$397$214$111$56$3
49 years$681$379$201$103$51$2
50 years$660$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $676,000, adding $3,591 every year, while hoping to spend $38,634 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: 53/34/13 Blend
56$676,000$676,000$676,000$676,000
57$748,656$712,828$702,350$785,584
58$783,913$706,650$684,773$804,975
59$821,471$698,875$665,311$821,620
60$861,524$689,383$643,862$838,847
61$904,285$678,049$620,317$856,719
62$949,986$664,737$594,562$875,310
63$998,884$649,308$566,479$894,703
64$1,051,256$631,611$535,942$914,991
65$1,107,411$611,486$502,823$936,279
66$1,167,685$588,767$466,986$958,685
67$1,232,448$563,275$428,289$982,344
68$1,302,104$534,823$386,583$1,007,404
69$1,377,100$503,210$341,715$1,034,036
70$1,457,924$468,227$293,522$1,062,427
71$1,545,113$429,652$241,836$1,092,789
72$1,639,258$387,248$186,481$1,125,360
73$1,741,007$340,767$127,272$1,160,404
74$1,851,072$289,948$64,019$1,198,220
75$1,970,237$234,511$0$1,239,138
76$2,099,364$174,164$0$1,284,013
77$2,239,398$108,597$0$1,342,282
78$2,391,381$37,483$0$1,405,548
79$2,556,459$0$0$1,474,356
80$2,735,892$0$0$1,564,098
81$2,931,065$0$0$1,677,025
82$3,143,503$0$0$1,800,003
83$3,374,884$0$0$1,934,009
84$3,627,054$0$0$2,080,122
85$3,902,045$0$0$2,239,528
86$4,202,094$0$0$2,413,530
87$4,529,663$0$0$2,603,566
88$4,887,460$0$0$2,811,217
89$5,278,470$0$0$3,038,225
90$5,705,976$0$0$3,286,505
91$6,173,594$0$0$3,558,169
92$6,685,306$0$0$3,855,541
93$7,245,496$0$0$4,181,180
94$7,858,991$0$0$4,537,903
95$8,531,108$0$0$4,928,815
96$9,267,702$0$0$5,357,333
97$10,075,221$0$0$5,827,222
98$10,960,766$0$0$6,342,628
99$11,932,160$0$0$6,908,119
100$12,998,018$0$0$7,528,723