Can I retire at age 57 with 687,000?

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 $687,000?

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$56,732$56,226$55,733$55,252$54,782$53,458
2 years$28,085$27,562$27,055$26,564$26,087$24,761
3 years$18,537$18,012$17,506$17,020$16,551$15,264
4 years$13,764$13,241$12,740$12,262$11,804$10,567
5 years$10,901$10,381$9,887$9,418$8,973$7,789
6 years$8,993$8,477$7,990$7,532$7,100$5,970
7 years$7,631$7,119$6,640$6,192$5,774$4,698
8 years$6,610$6,102$5,631$5,195$4,790$3,768
9 years$5,816$5,313$4,850$4,425$4,034$3,065
10 years$5,181$4,683$4,228$3,814$3,437$2,520
11 years$4,662$4,169$3,723$3,319$2,956$2,089
12 years$4,230$3,742$3,304$2,912$2,562$1,744
13 years$3,864$3,382$2,952$2,570$2,234$1,463
14 years$3,552$3,074$2,652$2,282$1,958$1,233
15 years$3,281$2,808$2,394$2,035$1,724$1,043
16 years$3,044$2,576$2,171$1,822$1,524$885
17 years$2,835$2,373$1,975$1,637$1,351$753
18 years$2,649$2,192$1,803$1,475$1,201$642
19 years$2,484$2,032$1,651$1,333$1,071$548
20 years$2,335$1,888$1,515$1,207$956$469
21 years$2,200$1,759$1,394$1,096$856$402
22 years$2,078$1,642$1,284$996$767$344
23 years$1,967$1,535$1,186$907$689$295
24 years$1,865$1,439$1,097$828$619$254
25 years$1,771$1,350$1,016$756$557$218
26 years$1,685$1,269$942$691$502$187
27 years$1,605$1,194$875$633$452$161
28 years$1,531$1,125$813$580$408$139
29 years$1,462$1,062$757$531$369$119
30 years$1,398$1,003$705$488$333$103
31 years$1,339$948$657$448$301$89
32 years$1,283$897$613$412$272$76
33 years$1,230$849$573$379$246$66
34 years$1,181$805$535$348$223$57
35 years$1,135$763$500$321$202$49
36 years$1,091$725$468$295$183$42
37 years$1,050$688$438$272$166$36
38 years$1,011$654$410$251$150$31
39 years$974$622$384$231$136$27
40 years$939$592$360$213$124$23
41 years$906$563$338$197$112$20
42 years$875$536$317$182$102$17
43 years$845$511$297$168$92$15
44 years$816$487$279$155$84$13
45 years$789$465$262$143$76$11
46 years$763$443$246$132$69$10
47 years$739$423$231$122$63$8
48 years$715$404$217$113$57$7
49 years$692$386$204$104$52$6
50 years$671$368$192$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $687,000, adding $3,712 every year, while hoping to spend $28,351 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: 39/37/24 Blend
56$687,000$687,000$687,000$687,000
57$760,903$724,492$713,843$785,027
58$808,350$729,827$707,592$808,181
59$859,686$734,473$700,181$830,272
60$915,278$738,366$691,541$853,597
61$975,530$741,440$681,601$878,286
62$1,040,885$743,621$670,286$904,483
63$1,111,830$744,833$657,515$932,347
64$1,188,902$744,995$643,207$962,059
65$1,272,690$744,021$627,275$993,815
66$1,363,845$741,818$609,629$1,027,837
67$1,463,080$738,289$590,174$1,064,371
68$1,571,180$733,332$568,811$1,103,690
69$1,689,011$726,835$545,436$1,146,098
70$1,817,524$718,684$519,942$1,191,931
71$1,957,766$708,755$492,216$1,241,564
72$2,110,892$696,917$462,138$1,295,413
73$2,278,169$683,032$429,586$1,353,939
74$2,460,996$666,954$394,431$1,417,654
75$2,660,910$648,528$356,537$1,487,125
76$2,879,605$627,588$315,763$1,562,981
77$3,118,947$603,962$271,964$1,645,921
78$3,380,989$577,466$224,984$1,736,717
79$3,667,992$547,904$174,663$1,836,227
80$3,982,447$515,071$120,834$1,945,398
81$4,327,097$478,749$63,322$2,065,283
82$4,704,961$438,709$1,944$2,197,044
83$5,119,368$394,706$0$2,341,971
84$5,573,981$346,484$0$2,517,764
85$6,072,836$293,771$0$2,711,315
86$6,620,379$236,279$0$2,923,924
87$7,221,507$173,706$0$3,157,578
88$7,881,615$105,732$0$3,414,471
89$8,606,644$32,017$0$3,697,024
90$9,403,140$0$0$4,007,912
91$10,278,316$0$0$4,369,548
92$11,240,116$0$0$4,781,403
93$12,297,292$0$0$5,234,200
94$13,459,486$0$0$5,732,084
95$14,737,322$0$0$6,279,617
96$16,142,503$0$0$6,881,829
97$17,687,926$0$0$7,544,260
98$19,387,796$0$0$8,273,014
99$21,257,768$0$0$9,074,817
100$23,315,088$0$0$9,957,080