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%14.4%
1 years$55,989$55,490$55,003$54,528$54,065$53,082
2 years$27,717$27,201$26,701$26,216$25,745$24,758
3 years$18,295$17,776$17,277$16,797$16,334$15,374
4 years$13,584$13,067$12,573$12,101$11,649$10,724
5 years$10,759$10,245$9,757$9,295$8,856$7,967
6 years$8,876$8,366$7,885$7,433$7,007$6,156
7 years$7,531$7,026$6,553$6,111$5,699$4,886
8 years$6,523$6,022$5,557$5,126$4,728$3,953
9 years$5,740$5,243$4,787$4,367$3,981$3,244
10 years$5,113$4,622$4,173$3,764$3,392$2,692
11 years$4,601$4,115$3,674$3,276$2,917$2,253
12 years$4,174$3,693$3,260$2,873$2,528$1,899
13 years$3,814$3,337$2,913$2,537$2,205$1,610
14 years$3,505$3,034$2,617$2,252$1,933$1,371
15 years$3,238$2,771$2,363$2,008$1,702$1,172
16 years$3,004$2,543$2,142$1,798$1,504$1,005
17 years$2,798$2,342$1,950$1,616$1,333$864
18 years$2,615$2,164$1,780$1,456$1,186$745
19 years$2,451$2,005$1,629$1,316$1,057$643
20 years$2,304$1,863$1,495$1,192$944$556
21 years$2,172$1,736$1,375$1,081$845$482
22 years$2,051$1,620$1,268$983$757$418
23 years$1,941$1,515$1,170$895$680$363
24 years$1,840$1,420$1,082$817$611$315
25 years$1,748$1,332$1,003$746$550$274
26 years$1,663$1,252$930$682$495$239
27 years$1,584$1,179$863$624$446$208
28 years$1,511$1,111$803$572$403$181
29 years$1,443$1,048$747$524$364$158
30 years$1,380$989$696$481$329$137
31 years$1,321$935$649$442$297$120
32 years$1,266$885$605$406$269$105
33 years$1,214$838$565$374$243$91
34 years$1,166$794$528$344$220$80
35 years$1,120$753$494$316$199$70
36 years$1,077$715$462$291$181$61
37 years$1,036$679$432$269$164$53
38 years$998$645$405$248$149$46
39 years$961$614$379$228$135$40
40 years$927$584$355$210$122$35
41 years$894$556$333$194$111$31
42 years$863$529$313$179$101$27
43 years$834$504$293$165$91$24
44 years$806$481$275$153$83$21
45 years$779$458$259$141$75$18
46 years$753$437$243$130$68$16
47 years$729$417$228$120$62$14
48 years$706$398$214$111$56$12
49 years$683$381$202$103$51$10
50 years$662$363$189$95$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $678,000, adding $4,100 every year, while hoping to spend $26,152 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: 51/36/13 Blend
56$678,000$678,000$678,000$678,000
57$751,385$715,451$704,942$786,876
58$800,201$722,683$700,732$818,849
59$853,119$729,392$695,505$850,487
60$910,531$735,526$689,198$884,289
61$972,867$741,028$681,747$920,469
62$1,040,599$745,838$673,085$959,259
63$1,114,247$749,891$663,141$1,000,919
64$1,194,383$753,119$651,839$1,045,734
65$1,281,638$755,450$639,104$1,094,020
66$1,376,704$756,805$624,852$1,146,127
67$1,480,343$757,104$609,000$1,202,440
68$1,593,395$756,259$591,458$1,263,387
69$1,716,782$754,177$572,134$1,329,439
70$1,851,523$750,760$550,929$1,401,118
71$1,998,735$745,905$527,742$1,478,999
72$2,159,651$739,499$502,466$1,563,720
73$2,335,628$731,426$474,991$1,655,982
74$2,528,158$721,563$445,199$1,756,564
75$2,738,887$709,776$412,970$1,866,323
76$2,969,625$695,927$378,176$1,986,207
77$3,222,366$679,867$340,685$2,117,265
78$3,499,307$661,440$300,358$2,260,651
79$3,802,867$640,481$257,050$2,417,644
80$4,135,708$616,813$210,610$2,589,655
81$4,500,765$590,252$160,880$2,778,241
82$4,901,269$560,600$107,695$2,985,121
83$5,340,779$527,650$50,884$3,212,195
84$5,823,217$491,183$0$3,461,559
85$6,352,899$450,965$0$3,736,880
86$6,934,584$406,752$0$4,046,980
87$7,573,513$358,284$0$4,387,641
88$8,275,457$305,286$0$4,762,004
89$9,046,778$247,469$0$5,173,533
90$9,894,480$184,526$0$5,626,051
91$10,826,284$116,135$0$6,123,773
92$11,850,693$41,953$0$6,671,350
93$12,977,075$0$0$7,273,910
94$14,215,753$0$0$7,952,316
95$15,578,099$0$0$8,716,809
96$17,076,643$0$0$9,557,812
97$18,725,190$0$0$10,483,081
98$20,538,951$0$0$11,501,164
99$22,534,685$0$0$12,621,479
100$24,730,858$0$0$13,854,403