Can I retire at age 57 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$55,906$55,408$54,922$54,448$53,985$52,194
2 years$27,676$27,161$26,661$26,177$25,707$23,920
3 years$18,268$17,750$17,252$16,772$16,310$14,583
4 years$13,564$13,048$12,555$12,083$11,632$9,979
5 years$10,743$10,230$9,743$9,281$8,843$7,267
6 years$8,863$8,353$7,874$7,422$6,997$5,500
7 years$7,520$7,015$6,543$6,102$5,690$4,272
8 years$6,514$6,013$5,549$5,119$4,721$3,380
9 years$5,731$5,236$4,779$4,360$3,975$2,711
10 years$5,106$4,615$4,167$3,759$3,387$2,197
11 years$4,594$4,108$3,668$3,271$2,913$1,795
12 years$4,168$3,688$3,256$2,869$2,525$1,476
13 years$3,808$3,332$2,909$2,533$2,201$1,219
14 years$3,500$3,029$2,613$2,249$1,930$1,012
15 years$3,233$2,767$2,360$2,005$1,699$842
16 years$2,999$2,539$2,139$1,796$1,502$703
17 years$2,794$2,338$1,947$1,613$1,331$588
18 years$2,611$2,161$1,777$1,454$1,184$493
19 years$2,448$2,002$1,627$1,314$1,055$413
20 years$2,301$1,861$1,493$1,190$943$347
21 years$2,168$1,733$1,373$1,080$843$292
22 years$2,048$1,618$1,266$982$756$246
23 years$1,938$1,513$1,169$894$679$207
24 years$1,838$1,418$1,081$816$610$175
25 years$1,745$1,330$1,001$745$549$148
26 years$1,660$1,250$928$681$494$125
27 years$1,582$1,177$862$623$446$105
28 years$1,509$1,109$801$571$402$89
29 years$1,441$1,046$746$524$363$75
30 years$1,378$988$695$481$328$63
31 years$1,319$934$648$441$297$54
32 years$1,264$884$604$406$268$45
33 years$1,212$837$564$373$243$38
34 years$1,164$793$527$343$220$32
35 years$1,118$752$493$316$199$27
36 years$1,075$714$461$291$180$23
37 years$1,035$678$432$268$164$20
38 years$996$645$404$247$148$17
39 years$960$613$379$228$134$14
40 years$926$583$355$210$122$12
41 years$893$555$333$194$111$10
42 years$862$529$312$179$100$8
43 years$832$504$293$165$91$7
44 years$804$480$275$153$83$6
45 years$778$458$258$141$75$5
46 years$752$437$242$130$68$4
47 years$728$417$228$120$62$4
48 years$705$398$214$111$56$3
49 years$682$380$201$103$51$3
50 years$661$363$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 $677,000, adding $6,109 every year, while hoping to spend $45,210 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: 31/42/27 Blend
56$677,000$677,000$677,000$677,000
57$752,355$716,474$705,981$769,298
58$780,993$703,479$681,528$769,864
59$811,036$688,331$654,741$766,072
60$842,580$670,878$625,494$761,093
61$875,729$650,957$593,654$754,855
62$910,597$628,397$559,085$747,283
63$947,306$603,017$521,642$738,298
64$985,990$574,624$481,176$727,820
65$1,026,795$543,014$437,529$715,765
66$1,069,879$507,972$390,537$702,048
67$1,115,415$469,272$340,029$686,578
68$1,163,594$426,672$285,826$669,266
69$1,214,620$379,918$227,741$650,017
70$1,268,719$328,743$165,578$628,735
71$1,326,138$272,861$99,135$605,325
72$1,387,147$211,973$28,198$579,685
73$1,452,039$145,763$0$551,715
74$1,521,137$73,896$0$534,999
75$1,594,794$0$0$525,309
76$1,673,398$0$0$516,319
77$1,757,370$0$0$543,262
78$1,847,177$0$0$572,143
79$1,943,326$0$0$603,135
80$2,046,376$0$0$636,426
81$2,156,939$0$0$672,222
82$2,275,688$0$0$710,753
83$2,403,359$0$0$752,269
84$2,540,763$0$0$797,042
85$2,688,788$0$0$845,376
86$2,848,411$0$0$897,602
87$3,020,704$0$0$954,083
88$3,206,847$0$0$1,015,221
89$3,408,134$0$0$1,081,455
90$3,625,990$0$0$1,153,270
91$3,861,979$0$0$1,231,197
92$4,117,822$0$0$1,315,822
93$4,395,411$0$0$1,407,788
94$4,696,828$0$0$1,507,805
95$5,024,362$0$0$1,616,650
96$5,380,531$0$0$1,735,182
97$5,768,105$0$0$1,864,343
98$6,190,133$0$0$2,005,172
99$6,649,968$0$0$2,158,812
100$7,151,303$0$0$2,326,520