Can I retire at age 57 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$56,980$56,472$55,977$55,494$55,022$53,845
2 years$28,208$27,682$27,173$26,680$26,201$25,021
3 years$18,618$18,091$17,583$17,094$16,623$15,477
4 years$13,825$13,299$12,796$12,315$11,856$10,752
5 years$10,949$10,426$9,930$9,459$9,012$7,954
6 years$9,033$8,514$8,025$7,565$7,131$6,120
7 years$7,664$7,150$6,669$6,219$5,800$4,835
8 years$6,639$6,129$5,656$5,217$4,811$3,894
9 years$5,841$5,336$4,871$4,444$4,052$3,180
10 years$5,204$4,704$4,247$3,831$3,452$2,626
11 years$4,682$4,187$3,739$3,334$2,969$2,187
12 years$4,248$3,758$3,318$2,924$2,573$1,834
13 years$3,881$3,396$2,965$2,582$2,244$1,546
14 years$3,567$3,087$2,664$2,292$1,967$1,310
15 years$3,295$2,820$2,405$2,044$1,732$1,113
16 years$3,057$2,588$2,180$1,830$1,531$949
17 years$2,847$2,383$1,984$1,644$1,357$812
18 years$2,661$2,202$1,811$1,482$1,207$695
19 years$2,495$2,041$1,658$1,339$1,075$597
20 years$2,345$1,896$1,522$1,213$961$513
21 years$2,210$1,766$1,400$1,101$860$442
22 years$2,087$1,649$1,290$1,001$771$381
23 years$1,975$1,542$1,191$911$692$329
24 years$1,873$1,445$1,102$831$622$284
25 years$1,779$1,356$1,020$759$559$245
26 years$1,692$1,274$946$694$504$212
27 years$1,612$1,199$879$635$454$183
28 years$1,538$1,130$817$582$410$159
29 years$1,469$1,066$760$534$370$137
30 years$1,405$1,007$708$490$334$119
31 years$1,345$952$660$450$302$103
32 years$1,288$901$616$413$274$89
33 years$1,236$853$575$380$248$77
34 years$1,186$808$537$350$224$67
35 years$1,140$767$502$322$203$58
36 years$1,096$728$470$297$184$51
37 years$1,055$691$440$273$167$44
38 years$1,015$657$412$252$151$38
39 years$978$625$386$232$137$33
40 years$943$594$362$214$124$29
41 years$910$566$339$198$113$25
42 years$878$539$318$182$102$22
43 years$848$513$299$168$93$19
44 years$820$489$280$155$84$16
45 years$793$467$263$144$77$14
46 years$767$445$247$133$69$12
47 years$742$425$232$123$63$11
48 years$718$406$218$113$57$9
49 years$695$387$205$105$52$8
50 years$674$370$193$97$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $690,000, adding $4,206 every year, while hoping to spend $43,989 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: 68/15/17 Blend
56$690,000$690,000$690,000$690,000
57$764,718$728,148$717,453$813,319
58$795,916$717,024$694,684$835,161
59$828,821$703,880$669,678$853,478
60$863,562$688,571$642,313$872,420
61$900,277$670,943$612,463$892,044
62$939,120$650,833$579,995$912,416
63$980,255$628,069$544,769$933,608
64$1,023,865$602,468$506,643$955,702
65$1,070,146$573,837$465,463$978,790
66$1,119,317$541,971$421,072$1,002,974
67$1,171,614$506,654$373,304$1,028,369
68$1,227,296$467,657$321,987$1,055,103
69$1,286,647$424,739$266,941$1,083,320
70$1,349,978$377,645$207,976$1,113,178
71$1,417,630$326,103$144,898$1,144,858
72$1,489,976$269,830$77,499$1,178,556
73$1,567,425$208,524$5,567$1,214,497
74$1,650,427$141,865$0$1,252,926
75$1,739,473$69,519$0$1,307,033
76$1,835,104$0$0$1,366,127
77$1,937,912$0$0$1,431,047
78$2,048,550$0$0$1,513,288
79$2,167,731$0$0$1,601,911
80$2,296,241$0$0$1,697,502
81$2,434,941$0$0$1,800,708
82$2,584,781$0$0$1,912,237
83$2,746,801$0$0$2,032,870
84$2,922,145$0$0$2,163,464
85$3,112,072$0$0$2,304,960
86$3,317,966$0$0$2,458,395
87$3,541,348$0$0$2,624,908
88$3,783,890$0$0$2,805,751
89$4,047,434$0$0$3,002,303
90$4,334,002$0$0$3,216,080
91$4,645,824$0$0$3,448,749
92$4,985,348$0$0$3,702,147
93$5,355,272$0$0$3,978,293
94$5,758,563$0$0$4,279,408
95$6,198,486$0$0$4,607,941
96$6,678,638$0$0$4,966,583
97$7,202,973$0$0$5,358,298
98$7,775,849$0$0$5,786,350
99$8,402,061$0$0$6,254,330
100$9,086,888$0$0$6,766,195