Can I retire at age 57 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$57,145$56,636$56,139$55,654$55,181$53,266
2 years$28,289$27,763$27,252$26,757$26,277$24,367
3 years$18,672$18,143$17,634$17,143$16,671$14,826
4 years$13,865$13,337$12,833$12,351$11,890$10,125
5 years$10,981$10,456$9,959$9,487$9,039$7,358
6 years$9,059$8,539$8,048$7,587$7,152$5,557
7 years$7,687$7,171$6,688$6,237$5,816$4,306
8 years$6,658$6,147$5,672$5,232$4,825$3,399
9 years$5,858$5,352$4,885$4,457$4,064$2,720
10 years$5,219$4,717$4,259$3,842$3,462$2,199
11 years$4,696$4,199$3,750$3,344$2,978$1,791
12 years$4,261$3,769$3,328$2,933$2,580$1,469
13 years$3,893$3,406$2,973$2,589$2,250$1,210
14 years$3,577$3,096$2,671$2,298$1,973$1,001
15 years$3,304$2,828$2,412$2,050$1,737$831
16 years$3,066$2,595$2,187$1,835$1,535$692
17 years$2,856$2,390$1,990$1,649$1,361$577
18 years$2,669$2,208$1,816$1,486$1,210$482
19 years$2,502$2,047$1,663$1,343$1,079$403
20 years$2,352$1,902$1,526$1,216$963$338
21 years$2,216$1,772$1,404$1,104$862$283
22 years$2,093$1,654$1,294$1,004$773$238
23 years$1,981$1,547$1,195$914$694$200
24 years$1,878$1,449$1,105$834$624$168
25 years$1,784$1,360$1,023$761$561$141
26 years$1,697$1,278$949$696$505$119
27 years$1,617$1,203$881$637$456$100
28 years$1,542$1,133$819$584$411$84
29 years$1,473$1,069$762$535$371$71
30 years$1,409$1,010$710$491$335$60
31 years$1,348$955$662$451$303$50
32 years$1,292$903$618$415$274$42
33 years$1,239$855$577$381$248$36
34 years$1,190$811$539$351$225$30
35 years$1,143$769$504$323$204$25
36 years$1,099$730$471$297$184$21
37 years$1,058$693$441$274$167$18
38 years$1,018$659$413$253$152$15
39 years$981$626$387$233$137$13
40 years$946$596$363$215$125$11
41 years$913$567$340$198$113$9
42 years$881$540$319$183$103$8
43 years$851$515$299$169$93$6
44 years$822$491$281$156$85$5
45 years$795$468$264$144$77$5
46 years$769$446$248$133$70$4
47 years$744$426$233$123$63$3
48 years$720$407$219$114$57$3
49 years$697$388$206$105$52$2
50 years$676$371$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $692,000, adding $3,192 every year, while hoping to spend $53,892 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: 48/36/16 Blend
56$692,000$692,000$692,000$692,000
57$765,877$729,201$718,475$799,063
58$786,655$707,591$685,203$800,755
59$807,747$683,116$649,010$796,814
60$829,127$655,578$609,742$791,365
61$850,767$624,770$567,236$784,286
62$872,631$590,469$521,325$775,449
63$894,680$552,443$471,830$764,715
64$916,869$510,445$418,568$751,936
65$939,146$464,213$361,346$736,955
66$961,451$413,471$299,963$719,602
67$983,716$357,928$234,209$699,698
68$1,005,864$297,276$163,865$677,048
69$1,027,808$231,189$88,700$651,447
70$1,049,451$159,323$8,478$622,673
71$1,070,680$81,315$0$590,488
72$1,091,371$0$0$567,808
73$1,111,384$0$0$544,869
74$1,130,563$0$0$553,659
75$1,148,731$0$0$561,872
76$1,165,692$0$0$569,402
77$1,181,227$0$0$576,132
78$1,195,090$0$0$581,931
79$1,207,008$0$0$586,654
80$1,216,678$0$0$590,137
81$1,223,760$0$0$592,200
82$1,227,879$0$0$592,642
83$1,228,616$0$0$591,241
84$1,225,505$0$0$587,748
85$1,218,033$0$0$581,890
86$1,205,625$0$0$573,361
87$1,187,646$0$0$561,824
88$1,163,395$0$0$546,904
89$1,132,089$0$0$528,187
90$1,092,867$0$0$505,215
91$1,044,771$0$0$477,479
92$986,742$0$0$444,416
93$917,610$0$0$405,406
94$836,079$0$0$359,760
95$740,714$0$0$306,718
96$629,932$0$0$245,438
97$501,981$0$0$174,992
98$354,925$0$0$94,353
99$186,623$0$0$2,387
100$0$0$0$0