Can I retire at age 57 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$56,402$55,899$55,409$54,931$54,463$53,407
2 years$27,922$27,402$26,898$26,409$25,935$24,875
3 years$18,429$17,907$17,404$16,920$16,454$15,424
4 years$13,684$13,164$12,666$12,190$11,735$10,742
5 years$10,838$10,320$9,829$9,363$8,921$7,968
6 years$8,941$8,427$7,944$7,488$7,059$6,147
7 years$7,587$7,077$6,601$6,156$5,741$4,871
8 years$6,571$6,067$5,598$5,164$4,762$3,934
9 years$5,782$5,282$4,822$4,399$4,011$3,223
10 years$5,151$4,656$4,204$3,792$3,417$2,669
11 years$4,635$4,145$3,701$3,300$2,939$2,230
12 years$4,205$3,720$3,284$2,895$2,547$1,876
13 years$3,842$3,362$2,934$2,555$2,221$1,587
14 years$3,531$3,056$2,637$2,268$1,947$1,349
15 years$3,261$2,792$2,381$2,023$1,714$1,150
16 years$3,026$2,561$2,158$1,811$1,515$984
17 years$2,818$2,359$1,964$1,628$1,343$845
18 years$2,634$2,180$1,793$1,467$1,194$726
19 years$2,469$2,020$1,641$1,325$1,065$626
20 years$2,321$1,877$1,506$1,200$951$540
21 years$2,188$1,749$1,385$1,089$851$467
22 years$2,066$1,632$1,277$991$763$404
23 years$1,955$1,527$1,179$902$685$350
24 years$1,854$1,430$1,090$823$615$303
25 years$1,761$1,342$1,010$751$554$263
26 years$1,675$1,261$937$687$499$228
27 years$1,596$1,187$870$629$450$198
28 years$1,522$1,119$809$576$406$172
29 years$1,454$1,055$752$528$366$150
30 years$1,390$997$701$485$331$130
31 years$1,331$942$653$445$299$113
32 years$1,275$892$610$409$271$99
33 years$1,223$844$569$376$245$86
34 years$1,174$800$532$346$222$75
35 years$1,128$759$497$319$201$65
36 years$1,085$720$465$294$182$57
37 years$1,044$684$435$271$165$49
38 years$1,005$650$408$249$150$43
39 years$968$618$382$230$136$37
40 years$934$588$358$212$123$33
41 years$901$560$336$196$112$28
42 years$870$533$315$181$101$25
43 years$840$508$296$167$92$22
44 years$812$484$277$154$83$19
45 years$785$462$260$142$76$16
46 years$759$441$245$131$69$14
47 years$734$420$230$121$62$12
48 years$711$401$216$112$57$11
49 years$688$383$203$104$52$9
50 years$667$366$191$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $683,000, adding $3,358 every year, while hoping to spend $48,357 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: 24/48/28 Blend
56$683,000$683,000$683,000$683,000
57$756,130$719,931$709,344$767,552
58$781,804$703,756$681,656$761,336
59$808,475$685,168$651,419$750,374
60$836,196$663,997$618,498$737,615
61$865,019$640,064$582,749$722,942
62$895,004$613,180$544,024$706,231
63$926,213$583,144$502,167$687,354
64$958,712$549,744$457,015$666,174
65$992,574$512,755$408,398$642,548
66$1,027,876$471,939$356,139$616,327
67$1,064,702$427,047$300,052$587,351
68$1,103,141$377,812$239,944$555,455
69$1,143,291$323,955$175,612$520,466
70$1,185,257$265,179$106,845$482,202
71$1,229,152$201,171$33,423$440,470
72$1,275,099$131,602$0$395,071
73$1,323,230$56,121$0$359,219
74$1,373,690$0$0$330,798
75$1,426,635$0$0$313,200
76$1,482,235$0$0$325,885
77$1,540,673$0$0$339,258
78$1,602,150$0$0$353,368
79$1,666,884$0$0$368,273
80$1,735,112$0$0$384,031
81$1,807,094$0$0$400,710
82$1,883,110$0$0$418,382
83$1,963,467$0$0$437,126
84$2,048,502$0$0$457,028
85$2,138,581$0$0$478,182
86$2,234,103$0$0$500,691
87$2,335,507$0$0$524,670
88$2,443,269$0$0$550,240
89$2,557,914$0$0$577,539
90$2,680,014$0$0$606,714
91$2,810,195$0$0$637,929
92$2,949,145$0$0$671,361
93$3,097,615$0$0$707,206
94$3,256,431$0$0$745,680
95$3,426,495$0$0$787,018
96$3,608,801$0$0$831,479
97$3,804,435$0$0$879,346
98$4,014,591$0$0$930,933
99$4,240,579$0$0$986,580
100$4,483,837$0$0$1,046,666