Can I retire at age 57 with 691,000?

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 $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%14.8%
1 years$57,062$56,554$56,058$55,574$55,101$54,011
2 years$28,249$27,722$27,213$26,718$26,239$25,145
3 years$18,645$18,117$17,608$17,119$16,647$15,583
4 years$13,845$13,318$12,814$12,333$11,873$10,848
5 years$10,965$10,441$9,944$9,473$9,025$8,042
6 years$9,046$8,526$8,037$7,576$7,142$6,201
7 years$7,676$7,160$6,678$6,228$5,808$4,911
8 years$6,648$6,138$5,664$5,225$4,818$3,964
9 years$5,850$5,344$4,878$4,450$4,058$3,245
10 years$5,211$4,710$4,253$3,836$3,457$2,686
11 years$4,689$4,193$3,744$3,339$2,973$2,243
12 years$4,255$3,764$3,323$2,928$2,577$1,885
13 years$3,887$3,401$2,969$2,585$2,247$1,594
14 years$3,572$3,092$2,668$2,295$1,970$1,354
15 years$3,300$2,824$2,408$2,047$1,734$1,154
16 years$3,061$2,591$2,184$1,833$1,533$987
17 years$2,851$2,386$1,987$1,647$1,359$846
18 years$2,665$2,205$1,814$1,484$1,208$727
19 years$2,498$2,044$1,660$1,341$1,077$626
20 years$2,348$1,899$1,524$1,214$962$540
21 years$2,213$1,769$1,402$1,102$861$466
22 years$2,090$1,651$1,292$1,002$772$403
23 years$1,978$1,544$1,193$913$693$349
24 years$1,876$1,447$1,103$832$623$302
25 years$1,782$1,358$1,022$760$560$262
26 years$1,695$1,276$948$695$505$227
27 years$1,614$1,201$880$636$455$197
28 years$1,540$1,132$818$583$411$171
29 years$1,471$1,068$761$535$371$149
30 years$1,407$1,008$709$491$335$129
31 years$1,346$953$661$451$303$112
32 years$1,290$902$617$414$274$98
33 years$1,237$854$576$381$248$85
34 years$1,188$810$538$350$224$74
35 years$1,141$768$503$323$203$64
36 years$1,097$729$471$297$184$56
37 years$1,056$692$440$274$167$49
38 years$1,017$658$412$252$151$42
39 years$980$626$386$233$137$37
40 years$945$595$362$215$124$32
41 years$911$567$340$198$113$28
42 years$880$540$319$183$102$24
43 years$850$514$299$169$93$21
44 years$821$490$281$156$84$18
45 years$794$467$264$144$77$16
46 years$768$446$247$133$70$14
47 years$743$425$233$123$63$12
48 years$719$406$218$113$57$11
49 years$696$388$205$105$52$9
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 $4,400 every year, while hoping to spend $46,224 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: 82/13/5 Blend
56$691,000$691,000$691,000$691,000
57$766,021$729,398$718,687$828,397
58$794,973$715,956$693,581$856,354
59$825,329$700,307$666,085$880,372
60$857,183$682,293$636,069$905,296
61$890,638$661,747$603,400$931,188
62$925,805$638,495$567,936$958,119
63$962,806$612,349$529,530$986,165
64$1,001,771$583,114$488,029$1,015,410
65$1,042,845$550,579$443,271$1,045,947
66$1,086,183$514,526$395,088$1,077,880
67$1,131,956$474,720$343,307$1,111,320
68$1,180,350$430,916$287,742$1,146,394
69$1,231,568$382,853$228,203$1,183,239
70$1,285,831$330,256$164,491$1,222,008
71$1,343,381$272,834$96,397$1,262,869
72$1,404,483$210,279$23,703$1,306,008
73$1,469,425$142,268$0$1,351,632
74$1,538,525$68,457$0$1,402,840
75$1,612,128$0$0$1,458,547
76$1,690,613$0$0$1,519,424
77$1,774,397$0$0$1,594,873
78$1,863,934$0$0$1,675,513
79$1,959,723$0$0$1,761,795
80$2,062,312$0$0$1,854,211
81$2,172,299$0$0$1,953,304
82$2,290,343$0$0$2,059,669
83$2,417,166$0$0$2,173,958
84$2,553,562$0$0$2,296,886
85$2,700,400$0$0$2,429,240
86$2,858,636$0$0$2,571,884
87$3,029,320$0$0$2,725,765
88$3,213,606$0$0$2,891,927
89$3,412,761$0$0$3,071,512
90$3,628,178$0$0$3,265,781
91$3,861,388$0$0$3,476,116
92$4,114,074$0$0$3,704,038
93$4,388,086$0$0$3,951,218
94$4,685,461$0$0$4,219,496
95$5,008,437$0$0$4,510,894
96$5,359,475$0$0$4,827,636
97$5,741,285$0$0$5,172,170
98$6,156,847$0$0$5,547,187
99$6,609,439$0$0$5,955,652
100$7,102,671$0$0$6,400,823