Can I retire at age 57 with 679,000?

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 $679,000?

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$56,071$55,572$55,084$54,609$54,144$52,814
2 years$27,758$27,241$26,740$26,254$25,783$24,451
3 years$18,322$17,802$17,303$16,821$16,358$15,066
4 years$13,604$13,087$12,592$12,119$11,667$10,424
5 years$10,775$10,260$9,772$9,308$8,869$7,680
6 years$8,889$8,378$7,897$7,444$7,018$5,883
7 years$7,542$7,036$6,562$6,120$5,707$4,627
8 years$6,533$6,031$5,566$5,134$4,735$3,709
9 years$5,748$5,251$4,794$4,373$3,987$3,015
10 years$5,121$4,629$4,179$3,770$3,397$2,477
11 years$4,608$4,121$3,679$3,281$2,922$2,052
12 years$4,181$3,698$3,265$2,878$2,532$1,712
13 years$3,819$3,342$2,917$2,541$2,208$1,436
14 years$3,510$3,038$2,621$2,255$1,935$1,209
15 years$3,242$2,775$2,367$2,011$1,704$1,022
16 years$3,008$2,546$2,146$1,801$1,506$867
17 years$2,802$2,345$1,952$1,618$1,335$737
18 years$2,619$2,167$1,782$1,458$1,187$628
19 years$2,455$2,008$1,632$1,318$1,058$536
20 years$2,308$1,866$1,497$1,193$945$458
21 years$2,175$1,738$1,377$1,083$846$392
22 years$2,054$1,623$1,269$985$758$336
23 years$1,944$1,518$1,172$897$681$288
24 years$1,843$1,422$1,084$818$612$247
25 years$1,751$1,334$1,004$747$551$212
26 years$1,665$1,254$931$683$496$182
27 years$1,586$1,180$865$625$447$156
28 years$1,513$1,112$804$573$403$135
29 years$1,445$1,049$748$525$364$116
30 years$1,382$991$697$482$329$100
31 years$1,323$937$650$443$298$86
32 years$1,268$886$606$407$269$74
33 years$1,216$839$566$374$244$64
34 years$1,167$795$529$344$221$55
35 years$1,122$755$494$317$200$47
36 years$1,078$716$462$292$181$41
37 years$1,038$680$433$269$164$35
38 years$999$646$405$248$149$30
39 years$963$615$380$229$135$26
40 years$928$585$356$211$122$22
41 years$896$557$334$194$111$19
42 years$864$530$313$179$101$17
43 years$835$505$294$166$91$14
44 years$807$482$276$153$83$12
45 years$780$459$259$141$75$11
46 years$754$438$243$131$68$9
47 years$730$418$228$121$62$8
48 years$707$399$215$111$56$7
49 years$684$381$202$103$51$6
50 years$663$364$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $679,000, adding $6,125 every year, while hoping to spend $44,657 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: 74/10/16 Blend
56$679,000$679,000$679,000$679,000
57$754,576$718,589$708,064$807,265
58$784,028$706,285$684,270$830,673
59$814,987$691,882$658,182$850,223
60$847,561$675,229$629,675$870,458
61$881,864$656,167$598,622$891,434
62$918,024$634,529$564,885$913,214
63$956,178$610,136$528,324$935,868
64$996,475$582,800$488,790$959,475
65$1,039,080$552,322$446,129$984,121
66$1,084,171$518,490$400,180$1,009,905
67$1,131,944$481,083$350,772$1,036,932
68$1,182,610$439,864$297,731$1,065,325
69$1,236,404$394,585$240,873$1,095,215
70$1,293,579$344,982$180,004$1,126,752
71$1,354,414$290,776$114,924$1,160,101
72$1,419,215$231,675$45,425$1,195,444
73$1,488,315$167,367$0$1,232,987
74$1,562,080$97,524$0$1,277,861
75$1,640,910$21,801$0$1,334,007
76$1,725,245$0$0$1,393,980
77$1,815,567$0$0$1,464,754
78$1,912,404$0$0$1,543,224
79$2,016,335$0$0$1,627,464
80$2,127,996$0$0$1,717,992
81$2,248,085$0$0$1,815,376
82$2,377,369$0$0$1,920,241
83$2,516,690$0$0$2,033,273
84$2,666,971$0$0$2,155,224
85$2,829,228$0$0$2,286,924
86$3,004,578$0$0$2,429,280
87$3,194,247$0$0$2,583,293
88$3,399,583$0$0$2,750,062
89$3,622,068$0$0$2,930,794
90$3,863,332$0$0$3,126,817
91$4,125,168$0$0$3,339,594
92$4,409,545$0$0$3,570,729
93$4,718,632$0$0$3,821,991
94$5,054,815$0$0$4,095,324
95$5,420,717$0$0$4,392,866
96$5,819,227$0$0$4,716,972
97$6,253,520$0$0$5,070,232
98$6,727,094$0$0$5,455,497
99$7,243,798$0$0$5,875,904
100$7,807,868$0$0$6,334,906