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%14.2%
1 years$56,484$55,981$55,490$55,011$54,543$53,595
2 years$27,962$27,442$26,937$26,448$25,973$25,021
3 years$18,456$17,933$17,430$16,945$16,478$15,552
4 years$13,704$13,183$12,685$12,208$11,752$10,859
5 years$10,854$10,336$9,844$9,377$8,934$8,076
6 years$8,954$8,440$7,955$7,499$7,069$6,247
7 years$7,598$7,088$6,611$6,165$5,749$4,964
8 years$6,581$6,075$5,606$5,172$4,769$4,021
9 years$5,790$5,290$4,829$4,405$4,017$3,304
10 years$5,158$4,663$4,210$3,797$3,422$2,745
11 years$4,642$4,151$3,706$3,305$2,943$2,300
12 years$4,211$3,726$3,289$2,899$2,551$1,941
13 years$3,848$3,367$2,939$2,559$2,224$1,648
14 years$3,536$3,060$2,640$2,272$1,950$1,405
15 years$3,266$2,796$2,384$2,026$1,717$1,203
16 years$3,030$2,565$2,161$1,814$1,517$1,033
17 years$2,823$2,362$1,967$1,630$1,345$889
18 years$2,638$2,183$1,795$1,469$1,196$768
19 years$2,473$2,023$1,644$1,327$1,066$664
20 years$2,325$1,880$1,508$1,202$952$575
21 years$2,191$1,751$1,388$1,091$852$499
22 years$2,069$1,635$1,279$992$764$433
23 years$1,958$1,529$1,181$903$686$377
24 years$1,857$1,432$1,092$824$616$328
25 years$1,763$1,344$1,011$752$555$286
26 years$1,678$1,263$938$688$500$249
27 years$1,598$1,189$871$630$450$217
28 years$1,524$1,120$810$577$406$189
29 years$1,456$1,057$754$529$367$165
30 years$1,392$998$702$486$332$144
31 years$1,333$944$654$446$300$126
32 years$1,277$893$611$410$271$110
33 years$1,225$846$570$377$245$96
34 years$1,176$801$533$347$222$84
35 years$1,130$760$498$319$201$74
36 years$1,086$721$466$294$182$64
37 years$1,045$685$436$271$165$56
38 years$1,007$651$408$250$150$49
39 years$970$619$383$230$136$43
40 years$935$589$359$212$123$38
41 years$902$561$336$196$112$33
42 years$871$534$315$181$101$29
43 years$841$509$296$167$92$25
44 years$813$485$278$154$84$22
45 years$786$463$261$142$76$19
46 years$760$441$245$131$69$17
47 years$735$421$230$121$63$15
48 years$712$402$216$112$57$13
49 years$689$384$203$104$52$11
50 years$668$367$191$96$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $684,000, adding $4,560 every year, while hoping to spend $31,562 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: 55/17/28 Blend
56$684,000$684,000$684,000$684,000
57$758,472$722,220$711,618$794,084
58$802,254$724,027$701,875$820,949
59$849,444$724,864$690,748$846,559
60$900,357$724,652$678,158$873,816
61$955,337$723,304$664,020$902,891
62$1,014,764$720,729$648,247$933,972
63$1,079,056$716,830$630,749$967,268
64$1,148,669$711,504$611,429$1,003,012
65$1,224,110$704,644$590,188$1,041,460
66$1,305,930$696,133$566,921$1,082,898
67$1,394,741$685,849$541,518$1,127,641
68$1,491,212$673,663$513,866$1,176,040
69$1,596,080$659,438$483,846$1,228,484
70$1,710,158$643,027$451,332$1,285,400
71$1,834,336$624,278$416,194$1,347,266
72$1,969,597$603,026$378,295$1,414,608
73$2,117,022$579,101$337,494$1,488,009
74$2,277,800$552,318$293,642$1,568,115
75$2,453,240$522,486$246,583$1,655,640
76$2,644,783$489,400$196,156$1,751,373
77$2,854,014$452,844$142,190$1,856,189
78$3,082,680$412,590$84,510$1,971,054
79$3,332,703$368,396$22,931$2,097,037
80$3,606,199$320,008$0$2,235,320
81$3,905,499$267,156$0$2,399,991
82$4,233,169$209,556$0$2,587,855
83$4,592,034$146,906$0$2,793,711
84$4,985,207$78,890$0$3,019,388
85$5,416,114$5,172$0$3,266,904
86$5,888,530$0$0$3,538,482
87$6,406,611$0$0$3,850,531
88$6,974,936$0$0$4,193,969
89$7,598,549$0$0$4,570,884
90$8,283,003$0$0$4,984,641
91$9,034,417$0$0$5,438,950
92$9,859,532$0$0$5,937,892
93$10,765,772$0$0$6,485,968
94$11,761,317$0$0$7,088,134
95$12,855,177$0$0$7,749,850
96$14,057,277$0$0$8,477,130
97$15,378,555$0$0$9,276,603
98$16,831,056$0$0$10,155,567
99$18,428,056$0$0$11,122,068
100$20,184,177$0$0$12,184,967