Can I retire at age 57 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$56,567$56,063$55,571$55,091$54,623$52,811
2 years$28,003$27,482$26,976$26,486$26,011$24,203
3 years$18,483$17,960$17,455$16,970$16,502$14,755
4 years$13,724$13,202$12,703$12,226$11,770$10,097
5 years$10,870$10,351$9,858$9,391$8,947$7,353
6 years$8,967$8,452$7,967$7,510$7,080$5,565
7 years$7,609$7,098$6,620$6,174$5,758$4,323
8 years$6,591$6,084$5,615$5,179$4,776$3,420
9 years$5,799$5,298$4,836$4,412$4,022$2,743
10 years$5,166$4,670$4,216$3,803$3,427$2,223
11 years$4,649$4,157$3,712$3,310$2,948$1,816
12 years$4,218$3,731$3,294$2,903$2,554$1,493
13 years$3,853$3,372$2,943$2,563$2,227$1,234
14 years$3,541$3,065$2,644$2,275$1,953$1,024
15 years$3,271$2,800$2,387$2,029$1,719$852
16 years$3,035$2,569$2,165$1,817$1,519$711
17 years$2,827$2,366$1,970$1,632$1,347$595
18 years$2,642$2,186$1,798$1,471$1,198$498
19 years$2,477$2,026$1,646$1,329$1,068$418
20 years$2,328$1,883$1,511$1,204$954$352
21 years$2,194$1,754$1,390$1,093$853$296
22 years$2,072$1,637$1,281$993$765$249
23 years$1,961$1,531$1,182$905$687$210
24 years$1,859$1,434$1,094$825$617$177
25 years$1,766$1,346$1,013$754$555$149
26 years$1,680$1,265$939$689$500$126
27 years$1,600$1,191$872$631$451$106
28 years$1,527$1,122$811$578$407$90
29 years$1,458$1,058$755$530$368$76
30 years$1,394$1,000$703$486$332$64
31 years$1,335$945$655$447$300$54
32 years$1,279$894$611$410$272$46
33 years$1,227$847$571$377$246$39
34 years$1,178$803$533$347$223$33
35 years$1,131$761$499$320$202$28
36 years$1,088$722$467$294$183$23
37 years$1,047$686$437$271$166$20
38 years$1,008$652$409$250$150$17
39 years$971$620$383$231$136$14
40 years$937$590$359$213$123$12
41 years$903$562$337$196$112$10
42 years$872$535$316$181$102$9
43 years$842$510$296$167$92$7
44 years$814$486$278$154$84$6
45 years$787$463$261$143$76$5
46 years$761$442$245$132$69$4
47 years$736$422$230$122$63$4
48 years$713$403$217$112$57$3
49 years$690$384$204$104$52$3
50 years$669$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $685,000, adding $4,382 every year, while hoping to spend $23,616 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: 48/36/16 Blend
56$685,000$685,000$685,000$685,000
57$759,390$723,085$712,468$792,241
58$811,721$733,389$711,208$825,738
59$868,597$743,406$709,115$859,317
60$930,459$753,098$706,135$895,266
61$997,789$762,422$702,213$933,814
62$1,071,117$771,335$697,291$975,216
63$1,151,029$779,788$691,308$1,019,754
64$1,238,167$787,732$684,201$1,067,737
65$1,333,241$795,111$675,902$1,119,510
66$1,437,028$801,868$666,341$1,175,451
67$1,550,387$807,942$655,446$1,235,979
68$1,674,263$813,267$643,140$1,301,556
69$1,809,694$817,774$629,342$1,372,691
70$1,957,827$821,389$613,968$1,449,950
71$2,119,920$824,032$596,931$1,533,955
72$2,297,363$825,620$578,139$1,625,392
73$2,491,682$826,064$557,495$1,725,021
74$2,704,562$825,269$534,899$1,833,681
75$2,937,856$823,135$510,247$1,952,295
76$3,193,604$819,556$483,427$2,081,886
77$3,474,056$814,419$454,326$2,223,580
78$3,781,686$807,602$422,823$2,378,624
79$4,119,224$798,980$388,793$2,548,390
80$4,489,672$788,417$352,105$2,734,396
81$4,896,340$775,771$312,621$2,938,315
82$5,342,872$760,890$270,200$3,161,995
83$5,833,285$743,613$224,692$3,407,474
84$6,372,002$723,772$175,940$3,677,002
85$6,963,894$701,185$123,783$3,973,063
86$7,614,331$675,663$68,049$4,298,395
87$8,329,226$647,004$8,562$4,656,023
88$9,115,095$614,995$0$5,049,280
89$9,979,116$579,410$0$5,491,224
90$10,929,197$540,012$0$5,978,707
91$11,974,050$496,549$0$6,514,779
92$13,123,276$448,752$0$7,104,418
93$14,387,451$396,342$0$7,753,112
94$15,778,229$339,020$0$8,466,912
95$17,308,448$276,472$0$9,252,490
96$18,992,256$208,365$0$10,117,204
97$20,845,240$134,350$0$11,069,167
98$22,884,576$54,054$0$12,117,324
99$25,129,187$0$0$13,271,536
100$27,599,926$0$0$14,555,715