Can I retire at age 57 with 686,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$56,649$56,145$55,652$55,172$54,703$53,424
2 years$28,044$27,522$27,016$26,525$26,049$24,768
3 years$18,510$17,986$17,481$16,995$16,526$15,283
4 years$13,744$13,222$12,722$12,244$11,787$10,591
5 years$10,886$10,366$9,873$9,404$8,960$7,815
6 years$8,980$8,464$7,978$7,521$7,090$5,996
7 years$7,620$7,108$6,630$6,183$5,766$4,724
8 years$6,600$6,093$5,623$5,187$4,783$3,793
9 years$5,807$5,305$4,843$4,418$4,028$3,089
10 years$5,174$4,676$4,222$3,808$3,432$2,543
11 years$4,655$4,163$3,717$3,315$2,952$2,111
12 years$4,224$3,737$3,299$2,907$2,558$1,764
13 years$3,859$3,377$2,947$2,567$2,231$1,482
14 years$3,546$3,069$2,648$2,278$1,955$1,251
15 years$3,276$2,804$2,391$2,032$1,722$1,060
16 years$3,039$2,573$2,168$1,819$1,522$901
17 years$2,831$2,369$1,973$1,635$1,349$767
18 years$2,646$2,189$1,801$1,473$1,200$655
19 years$2,480$2,029$1,648$1,331$1,069$560
20 years$2,331$1,885$1,513$1,206$955$480
21 years$2,197$1,756$1,392$1,094$855$412
22 years$2,075$1,639$1,283$995$766$353
23 years$1,964$1,533$1,184$906$688$304
24 years$1,862$1,437$1,095$826$618$261
25 years$1,769$1,348$1,014$755$556$225
26 years$1,682$1,267$941$690$501$194
27 years$1,603$1,192$874$632$452$167
28 years$1,529$1,124$812$579$408$144
29 years$1,460$1,060$756$531$368$124
30 years$1,396$1,001$704$487$333$107
31 years$1,337$946$656$447$301$92
32 years$1,281$895$612$411$272$80
33 years$1,229$848$572$378$246$69
34 years$1,179$804$534$348$223$59
35 years$1,133$762$499$320$202$51
36 years$1,090$724$467$295$183$44
37 years$1,048$687$437$272$166$38
38 years$1,010$653$409$250$150$33
39 years$973$621$384$231$136$29
40 years$938$591$360$213$124$25
41 years$905$562$337$196$112$21
42 years$873$536$316$181$102$18
43 years$844$510$297$167$92$16
44 years$815$486$279$155$84$14
45 years$788$464$262$143$76$12
46 years$762$443$246$132$69$10
47 years$737$422$231$122$63$9
48 years$714$403$217$113$57$8
49 years$691$385$204$104$52$7
50 years$670$368$192$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $686,000, adding $4,621 every year, while hoping to spend $54,374 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: 53/30/17 Blend
56$686,000$686,000$686,000$686,000
57$760,739$724,381$713,748$797,327
58$780,480$702,022$679,805$800,519
59$800,413$676,745$642,902$797,859
60$820,500$648,350$602,884$793,764
61$840,696$616,624$559,586$788,113
62$860,953$581,344$512,837$780,776
63$881,212$542,272$462,459$771,615
64$901,409$499,157$408,266$760,481
65$921,472$451,735$350,061$747,212
66$941,317$399,725$287,643$731,637
67$960,851$342,830$220,798$713,571
68$979,967$280,739$149,305$692,814
69$998,549$213,120$72,932$669,154
70$1,016,462$139,625$0$642,360
71$1,033,559$59,884$0$613,740
72$1,049,672$0$0$595,693
73$1,064,616$0$0$583,482
74$1,078,182$0$0$590,198
75$1,090,138$0$0$595,936
76$1,100,227$0$0$600,544
77$1,108,159$0$0$603,853
78$1,113,616$0$0$605,673
79$1,116,240$0$0$605,797
80$1,115,637$0$0$603,990
81$1,111,366$0$0$599,997
82$1,102,942$0$0$593,529
83$1,089,821$0$0$584,270
84$1,071,405$0$0$571,868
85$1,047,029$0$0$555,934
86$1,015,957$0$0$536,034
87$977,372$0$0$511,692
88$930,372$0$0$482,378
89$873,957$0$0$447,506
90$807,021$0$0$406,429
91$728,342$0$0$358,431
92$636,565$0$0$302,718
93$530,197$0$0$238,417
94$407,583$0$0$164,559
95$266,896$0$0$80,074
96$106,119$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0