Can I retire at age 57 with 677,000?

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 $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%16%
1 years$55,906$55,408$54,922$54,448$53,985$52,658
2 years$27,676$27,161$26,661$26,177$25,707$24,379
3 years$18,268$17,750$17,252$16,772$16,310$15,021
4 years$13,564$13,048$12,555$12,083$11,632$10,393
5 years$10,743$10,230$9,743$9,281$8,843$7,657
6 years$8,863$8,353$7,874$7,422$6,997$5,866
7 years$7,520$7,015$6,543$6,102$5,690$4,614
8 years$6,514$6,013$5,549$5,119$4,721$3,698
9 years$5,731$5,236$4,779$4,360$3,975$3,006
10 years$5,106$4,615$4,167$3,759$3,387$2,470
11 years$4,594$4,108$3,668$3,271$2,913$2,046
12 years$4,168$3,688$3,256$2,869$2,525$1,707
13 years$3,808$3,332$2,909$2,533$2,201$1,431
14 years$3,500$3,029$2,613$2,249$1,930$1,206
15 years$3,233$2,767$2,360$2,005$1,699$1,019
16 years$2,999$2,539$2,139$1,796$1,502$864
17 years$2,794$2,338$1,947$1,613$1,331$735
18 years$2,611$2,161$1,777$1,454$1,184$626
19 years$2,448$2,002$1,627$1,314$1,055$534
20 years$2,301$1,861$1,493$1,190$943$456
21 years$2,168$1,733$1,373$1,080$843$391
22 years$2,048$1,618$1,266$982$756$335
23 years$1,938$1,513$1,169$894$679$287
24 years$1,838$1,418$1,081$816$610$246
25 years$1,745$1,330$1,001$745$549$211
26 years$1,660$1,250$928$681$494$182
27 years$1,582$1,177$862$623$446$156
28 years$1,509$1,109$801$571$402$134
29 years$1,441$1,046$746$524$363$115
30 years$1,378$988$695$481$328$99
31 years$1,319$934$648$441$297$85
32 years$1,264$884$604$406$268$74
33 years$1,212$837$564$373$243$63
34 years$1,164$793$527$343$220$55
35 years$1,118$752$493$316$199$47
36 years$1,075$714$461$291$180$40
37 years$1,035$678$432$268$164$35
38 years$996$645$404$247$148$30
39 years$960$613$379$228$134$26
40 years$926$583$355$210$122$22
41 years$893$555$333$194$111$19
42 years$862$529$312$179$100$17
43 years$832$504$293$165$91$14
44 years$804$480$275$153$83$12
45 years$778$458$258$141$75$11
46 years$752$437$242$130$68$9
47 years$728$417$228$120$62$8
48 years$705$398$214$111$56$7
49 years$682$380$201$103$51$6
50 years$661$363$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $677,000, adding $5,111 every year, while hoping to spend $54,235 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: 85/7/8 Blend
56$677,000$677,000$677,000$677,000
57$751,326$715,445$704,951$814,098
58$770,256$692,796$670,862$833,193
59$789,298$667,220$633,812$846,258
60$808,408$638,515$593,647$858,903
61$827,534$606,470$550,201$871,052
62$846,615$570,860$503,306$882,619
63$865,584$531,447$452,781$893,507
64$884,366$487,980$398,442$903,612
65$902,874$440,194$340,092$912,819
66$921,012$387,807$277,530$920,998
67$938,670$330,525$210,542$928,010
68$955,725$268,032$138,906$933,697
69$972,042$199,998$62,393$937,890
70$987,467$126,075$0$940,398
71$1,001,827$45,891$0$942,656
72$1,014,932$0$0$948,583
73$1,026,568$0$0$955,770
74$1,036,496$0$0$964,886
75$1,044,451$0$0$972,148
76$1,050,138$0$0$977,280
77$1,053,228$0$0$979,974
78$1,053,356$0$0$979,887
79$1,050,118$0$0$976,639
80$1,043,063$0$0$969,810
81$1,031,691$0$0$958,931
82$1,015,451$0$0$943,484
83$993,728$0$0$922,893
84$965,842$0$0$896,523
85$931,040$0$0$863,666
86$888,489$0$0$823,543
87$837,266$0$0$775,288
88$776,350$0$0$717,945
89$704,611$0$0$650,456
90$620,802$0$0$571,650
91$523,539$0$0$480,234
92$411,298$0$0$374,777
93$282,390$0$0$253,699
94$134,951$0$0$115,252
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0