Can I retire at age 57 with 687,000?

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 $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%16.5%
1 years$56,732$56,226$55,733$55,252$54,782$53,328
2 years$28,085$27,562$27,055$26,564$26,087$24,632
3 years$18,537$18,012$17,506$17,020$16,551$15,140
4 years$13,764$13,241$12,740$12,262$11,804$10,450
5 years$10,901$10,381$9,887$9,418$8,973$7,678
6 years$8,993$8,477$7,990$7,532$7,100$5,866
7 years$7,631$7,119$6,640$6,192$5,774$4,601
8 years$6,610$6,102$5,631$5,195$4,790$3,677
9 years$5,816$5,313$4,850$4,425$4,034$2,980
10 years$5,181$4,683$4,228$3,814$3,437$2,441
11 years$4,662$4,169$3,723$3,319$2,956$2,016
12 years$4,230$3,742$3,304$2,912$2,562$1,676
13 years$3,864$3,382$2,952$2,570$2,234$1,401
14 years$3,552$3,074$2,652$2,282$1,958$1,176
15 years$3,281$2,808$2,394$2,035$1,724$991
16 years$3,044$2,576$2,171$1,822$1,524$837
17 years$2,835$2,373$1,975$1,637$1,351$709
18 years$2,649$2,192$1,803$1,475$1,201$602
19 years$2,484$2,032$1,651$1,333$1,071$511
20 years$2,335$1,888$1,515$1,207$956$435
21 years$2,200$1,759$1,394$1,096$856$371
22 years$2,078$1,642$1,284$996$767$317
23 years$1,967$1,535$1,186$907$689$270
24 years$1,865$1,439$1,097$828$619$231
25 years$1,771$1,350$1,016$756$557$198
26 years$1,685$1,269$942$691$502$169
27 years$1,605$1,194$875$633$452$145
28 years$1,531$1,125$813$580$408$124
29 years$1,462$1,062$757$531$369$106
30 years$1,398$1,003$705$488$333$91
31 years$1,339$948$657$448$301$78
32 years$1,283$897$613$412$272$67
33 years$1,230$849$573$379$246$57
34 years$1,181$805$535$348$223$49
35 years$1,135$763$500$321$202$42
36 years$1,091$725$468$295$183$36
37 years$1,050$688$438$272$166$31
38 years$1,011$654$410$251$150$27
39 years$974$622$384$231$136$23
40 years$939$592$360$213$124$20
41 years$906$563$338$197$112$17
42 years$875$536$317$182$102$14
43 years$845$511$297$168$92$12
44 years$816$487$279$155$84$11
45 years$789$465$262$143$76$9
46 years$763$443$246$132$69$8
47 years$739$423$231$122$63$7
48 years$715$404$217$113$57$6
49 years$692$386$204$104$52$5
50 years$671$368$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $687,000, adding $2,692 every year, while hoping to spend $40,764 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: 77/7/16 Blend
56$687,000$687,000$687,000$687,000
57$759,851$723,440$712,791$815,511
58$793,983$715,516$693,297$844,698
59$830,230$705,837$671,784$871,307
60$868,766$694,275$648,141$899,370
61$909,778$680,693$622,251$929,019
62$953,474$664,946$593,996$960,399
63$1,000,081$646,880$563,247$993,671
64$1,049,846$626,334$529,872$1,029,010
65$1,103,041$603,135$493,734$1,066,613
66$1,159,965$577,102$454,687$1,106,695
67$1,220,944$548,043$412,582$1,149,494
68$1,286,337$515,754$367,260$1,195,275
69$1,356,536$480,019$318,557$1,244,327
70$1,431,975$440,611$266,300$1,296,973
71$1,513,126$397,291$210,310$1,353,566
72$1,600,509$349,803$150,401$1,414,499
73$1,694,697$297,879$86,375$1,480,205
74$1,796,316$241,235$18,028$1,551,162
75$1,906,056$179,572$0$1,627,898
76$2,024,675$112,572$0$1,720,370
77$2,153,006$39,902$0$1,823,741
78$2,291,963$0$0$1,935,681
79$2,442,554$0$0$2,060,005
80$2,605,884$0$0$2,198,200
81$2,783,171$0$0$2,348,226
82$2,975,754$0$0$2,511,218
83$3,185,103$0$0$2,688,423
84$3,412,840$0$0$2,881,218
85$3,660,746$0$0$3,091,112
86$3,930,782$0$0$3,319,770
87$4,225,105$0$0$3,569,023
88$4,546,091$0$0$3,840,884
89$4,896,354$0$0$4,137,571
90$5,278,770$0$0$4,461,525
91$5,696,506$0$0$4,815,433
92$6,153,050$0$0$5,202,252
93$6,652,240$0$0$5,625,241
94$7,198,301$0$0$6,087,983
95$7,795,888$0$0$6,594,427
96$8,450,125$0$0$7,148,922
97$9,166,654$0$0$7,756,253
98$9,951,690$0$0$8,421,693
99$10,812,075$0$0$9,151,049
100$11,755,347$0$0$9,950,715