Can I retire at age 57 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$57,062$56,554$56,058$55,574$55,101$54,033
2 years$28,249$27,722$27,213$26,718$26,239$25,167
3 years$18,645$18,117$17,608$17,119$16,647$15,605
4 years$13,845$13,318$12,814$12,333$11,873$10,868
5 years$10,965$10,441$9,944$9,473$9,025$8,062
6 years$9,046$8,526$8,037$7,576$7,142$6,219
7 years$7,676$7,160$6,678$6,228$5,808$4,928
8 years$6,648$6,138$5,664$5,225$4,818$3,980
9 years$5,850$5,344$4,878$4,450$4,058$3,260
10 years$5,211$4,710$4,253$3,836$3,457$2,700
11 years$4,689$4,193$3,744$3,339$2,973$2,256
12 years$4,255$3,764$3,323$2,928$2,577$1,898
13 years$3,887$3,401$2,969$2,585$2,247$1,605
14 years$3,572$3,092$2,668$2,295$1,970$1,364
15 years$3,300$2,824$2,408$2,047$1,734$1,164
16 years$3,061$2,591$2,184$1,833$1,533$996
17 years$2,851$2,386$1,987$1,647$1,359$855
18 years$2,665$2,205$1,814$1,484$1,208$735
19 years$2,498$2,044$1,660$1,341$1,077$633
20 years$2,348$1,899$1,524$1,214$962$547
21 years$2,213$1,769$1,402$1,102$861$472
22 years$2,090$1,651$1,292$1,002$772$409
23 years$1,978$1,544$1,193$913$693$354
24 years$1,876$1,447$1,103$832$623$307
25 years$1,782$1,358$1,022$760$560$266
26 years$1,695$1,276$948$695$505$231
27 years$1,614$1,201$880$636$455$201
28 years$1,540$1,132$818$583$411$174
29 years$1,471$1,068$761$535$371$152
30 years$1,407$1,008$709$491$335$132
31 years$1,346$953$661$451$303$115
32 years$1,290$902$617$414$274$100
33 years$1,237$854$576$381$248$87
34 years$1,188$810$538$350$224$76
35 years$1,141$768$503$323$203$66
36 years$1,097$729$471$297$184$57
37 years$1,056$692$440$274$167$50
38 years$1,017$658$412$252$151$44
39 years$980$626$386$233$137$38
40 years$945$595$362$215$124$33
41 years$911$567$340$198$113$29
42 years$880$540$319$183$102$25
43 years$850$514$299$169$93$22
44 years$821$490$281$156$84$19
45 years$794$467$264$144$77$17
46 years$768$446$247$133$70$14
47 years$743$425$233$123$63$13
48 years$719$406$218$113$57$11
49 years$696$388$205$105$52$10
50 years$675$370$193$97$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $691,000, adding $2,534 every year, while hoping to spend $30,337 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: 58/35/7 Blend
56$691,000$691,000$691,000$691,000
57$764,096$727,473$716,762$807,120
58$809,755$730,841$708,496$839,686
59$859,055$733,357$698,935$871,509
60$912,335$734,947$688,005$905,439
61$969,967$735,534$675,628$941,680
62$1,032,362$735,034$661,720$980,459
63$1,099,971$733,357$646,195$1,022,023
64$1,173,288$730,412$628,962$1,066,650
65$1,252,858$726,097$609,928$1,114,643
66$1,339,282$720,308$588,992$1,166,341
67$1,433,217$712,932$566,052$1,222,116
68$1,535,390$703,851$541,000$1,282,379
69$1,646,598$692,937$513,722$1,347,588
70$1,767,719$680,059$484,099$1,418,245
71$1,899,720$665,075$452,010$1,494,907
72$2,043,662$647,835$417,323$1,578,190
73$2,200,717$628,181$379,905$1,668,774
74$2,372,173$605,944$339,614$1,767,410
75$2,559,447$580,948$296,304$1,874,929
76$2,764,101$553,004$249,820$1,992,248
77$2,987,852$521,914$200,002$2,120,382
78$3,232,593$487,468$146,682$2,260,451
79$3,500,407$449,443$89,685$2,413,691
80$3,793,588$407,605$28,829$2,581,470
81$4,114,661$361,706$0$2,765,298
82$4,466,409$311,482$0$2,969,539
83$4,851,895$256,657$0$3,195,811
84$5,274,493$196,938$0$3,444,007
85$5,737,919$132,015$0$3,716,388
86$6,246,264$61,562$0$4,015,450
87$6,804,039$0$0$4,343,948
88$7,416,206$0$0$4,710,610
89$8,088,237$0$0$5,139,215
90$8,826,155$0$0$5,609,903
91$9,636,599$0$0$6,126,916
92$10,526,878$0$0$6,694,926
93$11,505,046$0$0$7,319,079
94$12,579,978$0$0$8,005,046
95$13,761,447$0$0$8,759,073
96$15,060,222$0$0$9,588,043
97$16,488,169$0$0$10,499,537
98$18,058,358$0$0$11,501,909
99$19,785,191$0$0$12,604,363
100$21,684,534$0$0$13,817,039