Can I retire at age 57 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$56,236$55,735$55,247$54,770$54,304$53,670
2 years$27,840$27,321$26,819$26,332$25,859$25,221
3 years$18,375$17,855$17,354$16,871$16,406$15,783
4 years$13,644$13,125$12,629$12,155$11,701$11,099
5 years$10,806$10,290$9,801$9,336$8,895$8,315
6 years$8,915$8,403$7,920$7,466$7,038$6,481
7 years$7,564$7,057$6,582$6,138$5,724$5,190
8 years$6,552$6,049$5,582$5,149$4,749$4,238
9 years$5,765$5,267$4,808$4,386$3,999$3,511
10 years$5,136$4,642$4,191$3,781$3,407$2,942
11 years$4,621$4,133$3,690$3,290$2,930$2,487
12 years$4,193$3,709$3,275$2,886$2,539$2,118
13 years$3,831$3,352$2,926$2,548$2,214$1,814
14 years$3,521$3,047$2,629$2,262$1,941$1,562
15 years$3,252$2,783$2,374$2,017$1,709$1,350
16 years$3,017$2,554$2,152$1,806$1,511$1,170
17 years$2,810$2,352$1,958$1,623$1,339$1,018
18 years$2,626$2,173$1,788$1,462$1,191$887
19 years$2,462$2,014$1,636$1,321$1,061$775
20 years$2,315$1,872$1,502$1,197$948$679
21 years$2,181$1,743$1,381$1,086$848$595
22 years$2,060$1,627$1,273$988$761$522
23 years$1,950$1,522$1,176$899$683$459
24 years$1,849$1,426$1,087$820$614$404
25 years$1,756$1,338$1,007$749$552$356
26 years$1,670$1,258$934$685$497$314
27 years$1,591$1,184$867$627$448$277
28 years$1,518$1,115$806$574$405$244
29 years$1,450$1,052$750$527$365$215
30 years$1,386$994$699$483$330$190
31 years$1,327$939$651$444$298$168
32 years$1,272$889$608$408$270$149
33 years$1,220$842$568$375$244$132
34 years$1,171$798$530$345$221$116
35 years$1,125$757$496$318$200$103
36 years$1,082$718$464$293$182$91
37 years$1,041$682$434$270$165$81
38 years$1,002$648$407$249$149$71
39 years$966$616$381$229$135$63
40 years$931$587$357$211$123$56
41 years$898$558$335$195$111$50
42 years$867$532$314$180$101$44
43 years$837$507$295$166$92$39
44 years$809$483$277$153$83$34
45 years$782$461$260$142$76$31
46 years$757$439$244$131$69$27
47 years$732$419$229$121$62$24
48 years$709$400$215$112$57$21
49 years$686$382$202$103$51$19
50 years$665$365$190$95$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $681,000, adding $5,945 every year, while hoping to spend $45,062 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: 72/11/17 Blend
56$681,000$681,000$681,000$681,000
57$756,594$720,501$709,946$807,666
58$785,821$707,860$685,783$829,723
59$816,519$693,089$659,301$847,851
60$848,790$676,037$630,374$866,538
61$882,746$656,542$598,871$885,831
62$918,508$634,435$564,655$905,783
63$956,208$609,534$527,583$926,454
64$995,989$581,649$487,505$947,908
65$1,038,010$550,579$444,266$970,220
66$1,082,439$516,110$397,701$993,473
67$1,129,465$478,017$347,641$1,017,757
68$1,179,291$436,060$293,908$1,043,178
69$1,232,140$389,988$236,315$1,069,849
70$1,288,255$339,535$174,668$1,097,900
71$1,347,903$284,417$108,765$1,127,473
72$1,411,374$224,339$38,394$1,158,729
73$1,478,988$158,985$0$1,191,845
74$1,551,093$88,025$0$1,233,677
75$1,628,073$11,106$0$1,285,654
76$1,710,346$0$0$1,341,094
77$1,798,371$0$0$1,409,047
78$1,892,653$0$0$1,483,291
79$1,993,743$0$0$1,562,920
80$2,102,247$0$0$1,648,413
81$2,218,830$0$0$1,740,298
82$2,344,223$0$0$1,839,153
83$2,479,227$0$0$1,945,614
84$2,624,722$0$0$2,060,378
85$2,781,675$0$0$2,184,212
86$2,951,147$0$0$2,317,957
87$3,134,307$0$0$2,462,540
88$3,332,436$0$0$2,618,977
89$3,546,946$0$0$2,788,386
90$3,779,385$0$0$2,971,997
91$4,031,458$0$0$3,171,160
92$4,305,040$0$0$3,387,363
93$4,602,192$0$0$3,622,240
94$4,925,182$0$0$3,877,589
95$5,276,504$0$0$4,155,389
96$5,658,903$0$0$4,457,817
97$6,075,399$0$0$4,787,268
98$6,529,315$0$0$5,146,377
99$7,024,308$0$0$5,538,046
100$7,564,405$0$0$5,965,468