Can I retire at age 57 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$55,989$55,490$55,003$54,528$54,065$52,397
2 years$27,717$27,201$26,701$26,216$25,745$24,079
3 years$18,295$17,776$17,277$16,797$16,334$14,722
4 years$13,584$13,067$12,573$12,101$11,649$10,105
5 years$10,759$10,245$9,757$9,295$8,856$7,382
6 years$8,876$8,366$7,885$7,433$7,007$5,606
7 years$7,531$7,026$6,553$6,111$5,699$4,369
8 years$6,523$6,022$5,557$5,126$4,728$3,469
9 years$5,740$5,243$4,787$4,367$3,981$2,793
10 years$5,113$4,622$4,173$3,764$3,392$2,272
11 years$4,601$4,115$3,674$3,276$2,917$1,863
12 years$4,174$3,693$3,260$2,873$2,528$1,538
13 years$3,814$3,337$2,913$2,537$2,205$1,276
14 years$3,505$3,034$2,617$2,252$1,933$1,063
15 years$3,238$2,771$2,363$2,008$1,702$888
16 years$3,004$2,543$2,142$1,798$1,504$745
17 years$2,798$2,342$1,950$1,616$1,333$626
18 years$2,615$2,164$1,780$1,456$1,186$527
19 years$2,451$2,005$1,629$1,316$1,057$444
20 years$2,304$1,863$1,495$1,192$944$375
21 years$2,172$1,736$1,375$1,081$845$317
22 years$2,051$1,620$1,268$983$757$268
23 years$1,941$1,515$1,170$895$680$227
24 years$1,840$1,420$1,082$817$611$192
25 years$1,748$1,332$1,003$746$550$163
26 years$1,663$1,252$930$682$495$138
27 years$1,584$1,179$863$624$446$117
28 years$1,511$1,111$803$572$403$100
29 years$1,443$1,048$747$524$364$85
30 years$1,380$989$696$481$329$72
31 years$1,321$935$649$442$297$61
32 years$1,266$885$605$406$269$52
33 years$1,214$838$565$374$243$44
34 years$1,166$794$528$344$220$37
35 years$1,120$753$494$316$199$32
36 years$1,077$715$462$291$181$27
37 years$1,036$679$432$269$164$23
38 years$998$645$405$248$149$20
39 years$961$614$379$228$135$17
40 years$927$584$355$210$122$14
41 years$894$556$333$194$111$12
42 years$863$529$313$179$101$10
43 years$834$504$293$165$91$9
44 years$806$481$275$153$83$7
45 years$779$458$259$141$75$6
46 years$753$437$243$130$68$5
47 years$729$417$228$120$62$5
48 years$706$398$214$111$56$4
49 years$683$381$202$103$51$3
50 years$662$363$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $678,000, adding $6,946 every year, while hoping to spend $42,501 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: 57/15/28 Blend
56$678,000$678,000$678,000$678,000
57$754,321$718,387$707,878$791,166
58$786,041$708,367$686,371$807,213
59$819,572$696,432$662,719$819,659
60$855,054$682,442$636,806$832,357
61$892,639$666,252$608,509$845,343
62$932,495$647,705$577,700$858,661
63$974,803$626,636$544,247$872,362
64$1,019,763$602,872$508,010$886,502
65$1,067,594$576,228$468,843$901,148
66$1,118,534$546,508$426,594$916,376
67$1,172,843$513,506$381,104$932,270
68$1,230,810$477,004$332,208$948,928
69$1,292,746$436,771$279,731$966,462
70$1,358,996$392,563$223,492$984,996
71$1,429,938$344,122$163,302$1,004,672
72$1,505,983$291,176$98,965$1,025,650
73$1,587,586$233,436$30,273$1,048,109
74$1,675,244$170,599$0$1,072,253
75$1,769,504$102,343$0$1,111,165
76$1,870,965$28,330$0$1,162,733
77$1,980,286$0$0$1,218,259
78$2,098,189$0$0$1,286,688
79$2,225,470$0$0$1,365,654
80$2,363,001$0$0$1,451,027
81$2,511,743$0$0$1,543,409
82$2,672,749$0$0$1,643,462
83$2,847,179$0$0$1,751,914
84$3,036,308$0$0$1,869,563
85$3,241,537$0$0$1,997,290
86$3,464,409$0$0$2,136,061
87$3,706,620$0$0$2,286,941
88$3,970,035$0$0$2,451,100
89$4,256,706$0$0$2,629,826
90$4,568,892$0$0$2,824,537
91$4,909,077$0$0$3,036,793
92$5,279,998$0$0$3,268,309
93$5,684,664$0$0$3,520,975
94$6,126,388$0$0$3,796,871
95$6,608,818$0$0$4,098,287
96$7,135,968$0$0$4,427,742
97$7,712,258$0$0$4,788,012
98$8,342,555$0$0$5,182,151
99$9,032,217$0$0$5,613,524
100$9,787,145$0$0$6,085,835