Can I retire at age 57 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$56,484$55,981$55,490$55,011$54,543$53,225
2 years$27,962$27,442$26,937$26,448$25,973$24,652
3 years$18,456$17,933$17,430$16,945$16,478$15,197
4 years$13,704$13,183$12,685$12,208$11,752$10,520
5 years$10,854$10,336$9,844$9,377$8,934$7,755
6 years$8,954$8,440$7,955$7,499$7,069$5,944
7 years$7,598$7,088$6,611$6,165$5,749$4,678
8 years$6,581$6,075$5,606$5,172$4,769$3,751
9 years$5,790$5,290$4,829$4,405$4,017$3,051
10 years$5,158$4,663$4,210$3,797$3,422$2,509
11 years$4,642$4,151$3,706$3,305$2,943$2,080
12 years$4,211$3,726$3,289$2,899$2,551$1,736
13 years$3,848$3,367$2,939$2,559$2,224$1,457
14 years$3,536$3,060$2,640$2,272$1,950$1,228
15 years$3,266$2,796$2,384$2,026$1,717$1,039
16 years$3,030$2,565$2,161$1,814$1,517$881
17 years$2,823$2,362$1,967$1,630$1,345$750
18 years$2,638$2,183$1,795$1,469$1,196$639
19 years$2,473$2,023$1,644$1,327$1,066$546
20 years$2,325$1,880$1,508$1,202$952$467
21 years$2,191$1,751$1,388$1,091$852$400
22 years$2,069$1,635$1,279$992$764$343
23 years$1,958$1,529$1,181$903$686$294
24 years$1,857$1,432$1,092$824$616$253
25 years$1,763$1,344$1,011$752$555$217
26 years$1,678$1,263$938$688$500$187
27 years$1,598$1,189$871$630$450$160
28 years$1,524$1,120$810$577$406$138
29 years$1,456$1,057$754$529$367$119
30 years$1,392$998$702$486$332$102
31 years$1,333$944$654$446$300$88
32 years$1,277$893$611$410$271$76
33 years$1,225$846$570$377$245$65
34 years$1,176$801$533$347$222$56
35 years$1,130$760$498$319$201$49
36 years$1,086$721$466$294$182$42
37 years$1,045$685$436$271$165$36
38 years$1,007$651$408$250$150$31
39 years$970$619$383$230$136$27
40 years$935$589$359$212$123$23
41 years$902$561$336$196$112$20
42 years$871$534$315$181$101$17
43 years$841$509$296$167$92$15
44 years$813$485$278$154$84$13
45 years$786$463$261$142$76$11
46 years$760$441$245$131$69$10
47 years$735$421$230$121$63$8
48 years$712$402$216$112$57$7
49 years$689$384$203$104$52$6
50 years$668$367$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $684,000, adding $5,521 every year, while hoping to spend $52,564 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: 58/34/8 Blend
56$684,000$684,000$684,000$684,000
57$759,463$723,211$712,609$801,830
58$781,000$702,721$680,554$810,475
59$802,973$679,464$645,663$813,478
60$825,370$653,252$607,786$815,455
61$848,176$623,880$566,766$816,312
62$871,376$591,135$522,438$815,948
63$894,947$554,792$474,630$814,256
64$918,865$514,611$423,164$811,118
65$943,101$470,338$367,852$806,412
66$967,621$421,708$308,498$800,004
67$992,383$368,436$244,897$791,750
68$1,017,342$310,226$176,838$781,497
69$1,042,445$246,761$104,095$769,080
70$1,067,630$177,708$26,438$754,323
71$1,092,828$102,715$0$737,035
72$1,117,959$21,411$0$721,831
73$1,142,935$0$0$706,394
74$1,167,652$0$0$713,169
75$1,191,998$0$0$727,686
76$1,215,841$0$0$741,848
77$1,239,038$0$0$755,564
78$1,261,425$0$0$768,727
79$1,282,820$0$0$781,220
80$1,303,018$0$0$792,910
81$1,321,791$0$0$803,651
82$1,338,883$0$0$813,279
83$1,354,010$0$0$821,609
84$1,366,855$0$0$828,439
85$1,377,064$0$0$833,540
86$1,384,245$0$0$836,661
87$1,387,959$0$0$837,520
88$1,387,722$0$0$835,806
89$1,382,993$0$0$831,172
90$1,373,175$0$0$823,234
91$1,357,602$0$0$811,565
92$1,335,539$0$0$795,694
93$1,306,168$0$0$775,096
94$1,268,584$0$0$749,193
95$1,221,787$0$0$717,340
96$1,164,666$0$0$678,828
97$1,095,995$0$0$632,870
98$1,014,413$0$0$578,595
99$918,419$0$0$515,042
100$806,350$0$0$441,145