Can I retire at age 57 with 686,000?

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 $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%14%
1 years$56,649$56,145$55,652$55,172$54,703$53,796
2 years$28,044$27,522$27,016$26,525$26,049$25,138
3 years$18,510$17,986$17,481$16,995$16,526$15,640
4 years$13,744$13,222$12,722$12,244$11,787$10,932
5 years$10,886$10,366$9,873$9,404$8,960$8,139
6 years$8,980$8,464$7,978$7,521$7,090$6,303
7 years$7,620$7,108$6,630$6,183$5,766$5,013
8 years$6,600$6,093$5,623$5,187$4,783$4,065
9 years$5,807$5,305$4,843$4,418$4,028$3,344
10 years$5,174$4,676$4,222$3,808$3,432$2,782
11 years$4,655$4,163$3,717$3,315$2,952$2,334
12 years$4,224$3,737$3,299$2,907$2,558$1,973
13 years$3,859$3,377$2,947$2,567$2,231$1,676
14 years$3,546$3,069$2,648$2,278$1,955$1,431
15 years$3,276$2,804$2,391$2,032$1,722$1,227
16 years$3,039$2,573$2,168$1,819$1,522$1,055
17 years$2,831$2,369$1,973$1,635$1,349$910
18 years$2,646$2,189$1,801$1,473$1,200$787
19 years$2,480$2,029$1,648$1,331$1,069$681
20 years$2,331$1,885$1,513$1,206$955$591
21 years$2,197$1,756$1,392$1,094$855$513
22 years$2,075$1,639$1,283$995$766$447
23 years$1,964$1,533$1,184$906$688$389
24 years$1,862$1,437$1,095$826$618$339
25 years$1,769$1,348$1,014$755$556$296
26 years$1,682$1,267$941$690$501$258
27 years$1,603$1,192$874$632$452$226
28 years$1,529$1,124$812$579$408$197
29 years$1,460$1,060$756$531$368$172
30 years$1,396$1,001$704$487$333$151
31 years$1,337$946$656$447$301$132
32 years$1,281$895$612$411$272$115
33 years$1,229$848$572$378$246$101
34 years$1,179$804$534$348$223$89
35 years$1,133$762$499$320$202$78
36 years$1,090$724$467$295$183$68
37 years$1,048$687$437$272$166$60
38 years$1,010$653$409$250$150$52
39 years$973$621$384$231$136$46
40 years$938$591$360$213$124$40
41 years$905$562$337$196$112$35
42 years$873$536$316$181$102$31
43 years$844$510$297$167$92$27
44 years$815$486$279$155$84$24
45 years$788$464$262$143$76$21
46 years$762$443$246$132$69$18
47 years$737$422$231$122$63$16
48 years$714$403$217$113$57$14
49 years$691$385$204$104$52$12
50 years$670$368$192$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $686,000, adding $6,125 every year, while hoping to spend $25,395 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: 68/18/14 Blend
56$686,000$686,000$686,000$686,000
57$762,290$725,932$715,299$811,273
58$813,023$734,483$712,241$853,226
59$868,081$742,601$708,230$895,506
60$927,876$750,239$703,207$941,103
61$992,864$757,346$697,109$990,337
62$1,063,547$763,867$689,874$1,043,566
63$1,140,477$769,744$681,432$1,101,182
64$1,224,259$774,915$671,714$1,163,618
65$1,315,562$779,315$660,645$1,231,351
66$1,415,120$782,872$648,147$1,304,907
67$1,523,743$785,513$634,140$1,384,866
68$1,642,320$787,158$618,539$1,471,870
69$1,771,830$787,723$601,254$1,566,622
70$1,913,354$787,119$582,193$1,669,901
71$2,068,079$785,250$561,259$1,782,566
72$2,237,311$782,016$538,350$1,905,562
73$2,422,492$777,309$513,359$2,039,933
74$2,625,205$771,016$486,176$2,186,830
75$2,847,197$763,018$456,684$2,347,520
76$3,090,391$753,185$424,762$2,523,403
77$3,356,902$741,382$390,284$2,716,023
78$3,649,064$727,468$353,116$2,927,079
79$3,969,443$711,288$313,120$3,158,447
80$4,320,869$692,684$270,152$3,412,197
81$4,706,456$671,484$224,060$3,690,608
82$5,129,636$647,508$174,688$3,996,195
83$5,594,188$620,566$121,870$4,331,732
84$6,104,277$590,455$65,434$4,700,274
85$6,664,489$556,963$5,201$5,105,193
86$7,279,876$519,863$0$5,550,205
87$7,956,004$478,917$0$6,048,234
88$8,699,005$433,873$0$6,596,375
89$9,515,634$384,463$0$7,198,861
90$10,413,332$330,406$0$7,861,216
91$11,400,300$271,404$0$8,589,527
92$12,485,571$207,142$0$9,390,505
93$13,679,095$137,288$0$10,271,544
94$14,991,839$61,491$0$11,240,794
95$16,435,883$0$0$12,307,238
96$18,024,539$0$0$13,484,861
97$19,772,471$0$0$14,793,998
98$21,695,840$0$0$16,234,579
99$23,812,449$0$0$17,819,944
100$26,141,917$0$0$19,564,793