Can I retire at age 57 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$57,392$56,881$56,382$55,896$55,420$54,502
2 years$28,412$27,883$27,370$26,873$26,391$25,468
3 years$18,753$18,222$17,710$17,218$16,743$15,845
4 years$13,925$13,395$12,889$12,404$11,941$11,075
5 years$11,028$10,502$10,002$9,528$9,078$8,245
6 years$9,098$8,576$8,083$7,619$7,183$6,385
7 years$7,720$7,202$6,717$6,264$5,842$5,079
8 years$6,687$6,173$5,697$5,255$4,846$4,119
9 years$5,884$5,375$4,907$4,476$4,081$3,388
10 years$5,241$4,738$4,278$3,858$3,477$2,818
11 years$4,716$4,218$3,766$3,358$2,991$2,365
12 years$4,279$3,786$3,342$2,945$2,592$1,999
13 years$3,909$3,421$2,986$2,600$2,260$1,698
14 years$3,593$3,110$2,683$2,308$1,981$1,450
15 years$3,319$2,841$2,422$2,059$1,744$1,243
16 years$3,079$2,606$2,196$1,843$1,542$1,069
17 years$2,868$2,400$1,998$1,656$1,367$922
18 years$2,680$2,218$1,824$1,493$1,215$797
19 years$2,513$2,056$1,670$1,349$1,083$690
20 years$2,362$1,910$1,533$1,221$968$599
21 years$2,226$1,779$1,410$1,109$866$520
22 years$2,102$1,661$1,299$1,008$776$453
23 years$1,990$1,553$1,200$918$697$394
24 years$1,887$1,455$1,110$837$626$344
25 years$1,792$1,366$1,028$765$564$300
26 years$1,705$1,284$953$699$508$262
27 years$1,624$1,208$885$640$458$229
28 years$1,549$1,138$823$586$413$200
29 years$1,479$1,074$766$538$373$175
30 years$1,415$1,014$713$493$337$153
31 years$1,354$959$665$453$305$134
32 years$1,298$907$620$416$276$117
33 years$1,245$859$579$383$249$102
34 years$1,195$814$541$352$226$90
35 years$1,148$772$506$324$204$79
36 years$1,104$733$473$299$185$69
37 years$1,062$696$443$275$168$60
38 years$1,023$662$415$254$152$53
39 years$985$629$389$234$138$46
40 years$950$599$364$216$125$41
41 years$917$570$342$199$114$36
42 years$885$543$320$184$103$31
43 years$855$517$301$170$94$27
44 years$826$493$282$157$85$24
45 years$798$470$265$145$77$21
46 years$772$448$249$134$70$18
47 years$747$428$234$123$64$16
48 years$723$408$220$114$58$14
49 years$700$390$207$105$52$12
50 years$679$373$194$97$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $695,000, adding $4,882 every year, while hoping to spend $46,818 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: 42/33/25 Blend
56$695,000$695,000$695,000$695,000
57$770,926$734,091$723,318$797,484
58$799,746$720,247$697,735$803,117
59$829,937$704,156$669,726$804,389
60$861,589$685,658$639,161$804,847
61$894,800$664,584$605,901$804,442
62$929,676$640,755$569,806$803,125
63$966,333$613,983$530,724$800,846
64$1,004,897$584,066$488,501$797,552
65$1,045,504$550,793$442,974$793,193
66$1,088,304$513,940$393,972$787,716
67$1,133,458$473,270$341,317$781,067
68$1,181,144$428,533$284,824$773,195
69$1,231,554$379,464$224,299$764,046
70$1,284,898$325,784$159,539$753,570
71$1,341,407$267,197$90,333$741,716
72$1,401,332$203,390$16,460$728,435
73$1,464,946$134,035$0$713,680
74$1,532,551$58,783$0$714,048
75$1,604,474$0$0$718,626
76$1,681,074$0$0$731,306
77$1,762,746$0$0$767,633
78$1,849,919$0$0$806,461
79$1,943,067$0$0$848,006
80$2,042,705$0$0$892,506
81$2,149,403$0$0$940,223
82$2,263,781$0$0$991,442
83$2,386,523$0$0$1,046,477
84$2,518,377$0$0$1,105,674
85$2,660,166$0$0$1,169,412
86$2,812,793$0$0$1,238,106
87$2,977,248$0$0$1,312,214
88$3,154,619$0$0$1,392,237
89$3,346,105$0$0$1,478,727
90$3,553,018$0$0$1,572,290
91$3,776,802$0$0$1,673,592
92$4,019,046$0$0$1,783,367
93$4,281,495$0$0$1,902,419
94$4,566,067$0$0$2,031,635
95$4,874,873$0$0$2,171,989
96$5,210,235$0$0$2,324,552
97$5,574,704$0$0$2,490,504
98$5,971,089$0$0$2,671,141
99$6,402,480$0$0$2,867,892
100$6,872,276$0$0$3,082,326