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%11.3%
1 years$56,071$55,572$55,084$54,609$54,144$53,848
2 years$27,758$27,241$26,740$26,254$25,783$25,484
3 years$18,322$17,802$17,303$16,821$16,358$16,066
4 years$13,604$13,087$12,592$12,119$11,667$11,383
5 years$10,775$10,260$9,772$9,308$8,869$8,595
6 years$8,889$8,378$7,897$7,444$7,018$6,754
7 years$7,542$7,036$6,562$6,120$5,707$5,454
8 years$6,533$6,031$5,566$5,134$4,735$4,491
9 years$5,748$5,251$4,794$4,373$3,987$3,754
10 years$5,121$4,629$4,179$3,770$3,397$3,174
11 years$4,608$4,121$3,679$3,281$2,922$2,708
12 years$4,181$3,698$3,265$2,878$2,532$2,328
13 years$3,819$3,342$2,917$2,541$2,208$2,014
14 years$3,510$3,038$2,621$2,255$1,935$1,750
15 years$3,242$2,775$2,367$2,011$1,704$1,528
16 years$3,008$2,546$2,146$1,801$1,506$1,339
17 years$2,802$2,345$1,952$1,618$1,335$1,177
18 years$2,619$2,167$1,782$1,458$1,187$1,037
19 years$2,455$2,008$1,632$1,318$1,058$916
20 years$2,308$1,866$1,497$1,193$945$810
21 years$2,175$1,738$1,377$1,083$846$718
22 years$2,054$1,623$1,269$985$758$638
23 years$1,944$1,518$1,172$897$681$567
24 years$1,843$1,422$1,084$818$612$505
25 years$1,751$1,334$1,004$747$551$450
26 years$1,665$1,254$931$683$496$401
27 years$1,586$1,180$865$625$447$358
28 years$1,513$1,112$804$573$403$320
29 years$1,445$1,049$748$525$364$286
30 years$1,382$991$697$482$329$255
31 years$1,323$937$650$443$298$229
32 years$1,268$886$606$407$269$205
33 years$1,216$839$566$374$244$183
34 years$1,167$795$529$344$221$164
35 years$1,122$755$494$317$200$147
36 years$1,078$716$462$292$181$132
37 years$1,038$680$433$269$164$118
38 years$999$646$405$248$149$106
39 years$963$615$380$229$135$95
40 years$928$585$356$211$122$85
41 years$896$557$334$194$111$76
42 years$864$530$313$179$101$69
43 years$835$505$294$166$91$62
44 years$807$482$276$153$83$55
45 years$780$459$259$141$75$50
46 years$754$438$243$131$68$45
47 years$730$418$228$121$62$40
48 years$707$399$215$111$56$36
49 years$684$381$202$103$51$32
50 years$663$364$190$95$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $679,000, adding $2,599 every year, while hoping to spend $55,955 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: 48/37/15 Blend
56$679,000$679,000$679,000$679,000
57$750,939$714,952$704,427$783,721
58$767,999$690,449$668,490$782,151
59$784,924$662,870$629,473$774,486
60$801,640$632,005$587,215$764,937
61$818,067$597,632$541,546$753,349
62$834,111$559,517$492,289$739,554
63$849,668$517,411$439,258$723,373
64$864,622$471,052$382,261$704,611
65$878,842$420,163$321,096$683,062
66$892,183$364,449$255,551$658,502
67$904,481$303,603$185,408$630,690
68$915,554$237,295$110,435$599,368
69$925,199$165,182$30,393$564,256
70$933,191$86,897$0$525,056
71$939,276$2,055$0$490,250
72$943,176$0$0$456,447
73$944,578$0$0$454,989
74$943,137$0$0$452,820
75$938,469$0$0$448,899
76$930,147$0$0$443,001
77$917,699$0$0$434,873
78$900,600$0$0$424,236
79$878,271$0$0$410,782
80$850,067$0$0$394,168
81$815,275$0$0$374,018
82$773,108$0$0$349,910
83$722,692$0$0$321,382
84$663,061$0$0$287,922
85$593,148$0$0$248,962
86$511,771$0$0$203,876
87$417,624$0$0$151,971
88$309,264$0$0$92,482
89$185,097$0$0$24,562
90$43,359$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
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