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%16.5%
1 years$56,402$55,899$55,409$54,931$54,463$53,018
2 years$27,922$27,402$26,898$26,409$25,935$24,489
3 years$18,429$17,907$17,404$16,920$16,454$15,052
4 years$13,684$13,164$12,666$12,190$11,735$10,389
5 years$10,838$10,320$9,829$9,363$8,921$7,633
6 years$8,941$8,427$7,944$7,488$7,059$5,832
7 years$7,587$7,077$6,601$6,156$5,741$4,574
8 years$6,571$6,067$5,598$5,164$4,762$3,655
9 years$5,782$5,282$4,822$4,399$4,011$2,962
10 years$5,151$4,656$4,204$3,792$3,417$2,426
11 years$4,635$4,145$3,701$3,300$2,939$2,004
12 years$4,205$3,720$3,284$2,895$2,547$1,666
13 years$3,842$3,362$2,934$2,555$2,221$1,393
14 years$3,531$3,056$2,637$2,268$1,947$1,169
15 years$3,261$2,792$2,381$2,023$1,714$985
16 years$3,026$2,561$2,158$1,811$1,515$832
17 years$2,818$2,359$1,964$1,628$1,343$705
18 years$2,634$2,180$1,793$1,467$1,194$598
19 years$2,469$2,020$1,641$1,325$1,065$508
20 years$2,321$1,877$1,506$1,200$951$433
21 years$2,188$1,749$1,385$1,089$851$369
22 years$2,066$1,632$1,277$991$763$315
23 years$1,955$1,527$1,179$902$685$269
24 years$1,854$1,430$1,090$823$615$230
25 years$1,761$1,342$1,010$751$554$197
26 years$1,675$1,261$937$687$499$168
27 years$1,596$1,187$870$629$450$144
28 years$1,522$1,119$809$576$406$123
29 years$1,454$1,055$752$528$366$106
30 years$1,390$997$701$485$331$90
31 years$1,331$942$653$445$299$78
32 years$1,275$892$610$409$271$66
33 years$1,223$844$569$376$245$57
34 years$1,174$800$532$346$222$49
35 years$1,128$759$497$319$201$42
36 years$1,085$720$465$294$182$36
37 years$1,044$684$435$271$165$31
38 years$1,005$650$408$249$150$26
39 years$968$618$382$230$136$23
40 years$934$588$358$212$123$19
41 years$901$560$336$196$112$17
42 years$870$533$315$181$101$14
43 years$840$508$296$167$92$12
44 years$812$484$277$154$83$11
45 years$785$462$260$142$76$9
46 years$759$441$245$131$69$8
47 years$734$420$230$121$62$7
48 years$711$401$216$112$57$6
49 years$688$383$203$104$52$5
50 years$667$366$191$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $683,000, adding $2,092 every year, while hoping to spend $54,504 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: 71/24/5 Blend
56$683,000$683,000$683,000$683,000
57$754,824$718,625$708,038$807,913
58$773,824$695,846$673,766$820,437
59$792,936$670,124$636,518$827,147
60$812,112$641,257$596,139$832,959
61$831,301$609,032$552,463$837,769
62$850,442$573,223$505,319$841,467
63$869,468$533,592$454,528$843,928
64$888,301$489,885$399,902$845,020
65$906,855$441,836$341,246$844,598
66$925,032$389,164$278,355$842,504
67$942,721$331,569$211,016$838,566
68$959,800$268,737$139,007$832,597
69$976,130$200,336$62,094$824,392
70$991,557$126,013$0$813,731
71$1,005,906$45,399$0$801,437
72$1,018,985$0$0$789,785
73$1,030,578$0$0$786,253
74$1,040,445$0$0$793,340
75$1,048,318$0$0$798,847
76$1,053,899$0$0$802,540
77$1,056,857$0$0$804,160
78$1,056,823$0$0$803,417
79$1,053,389$0$0$799,992
80$1,046,102$0$0$793,527
81$1,034,457$0$0$783,629
82$1,017,896$0$0$769,861
83$995,800$0$0$751,736
84$967,484$0$0$728,718
85$932,189$0$0$700,212
86$889,073$0$0$665,559
87$837,206$0$0$624,030
88$775,559$0$0$574,819
89$702,991$0$0$517,033
90$618,243$0$0$449,685
91$519,924$0$0$371,685
92$406,492$0$0$281,828
93$276,246$0$0$178,780
94$127,307$0$0$61,070
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