Can I retire at age 57 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$57,723$57,209$56,707$56,217$55,739$53,826
2 years$28,576$28,043$27,528$27,028$26,542$24,634
3 years$18,861$18,327$17,812$17,317$16,840$14,997
4 years$14,005$13,472$12,963$12,476$12,010$10,246
5 years$11,092$10,562$10,060$9,583$9,130$7,450
6 years$9,151$8,625$8,130$7,663$7,224$5,629
7 years$7,764$7,243$6,756$6,300$5,875$4,365
8 years$6,725$6,209$5,729$5,285$4,874$3,448
9 years$5,917$5,406$4,935$4,502$4,105$2,760
10 years$5,272$4,765$4,302$3,881$3,497$2,233
11 years$4,744$4,242$3,788$3,377$3,008$1,820
12 years$4,304$3,807$3,361$2,962$2,607$1,494
13 years$3,932$3,441$3,003$2,615$2,273$1,232
14 years$3,614$3,128$2,698$2,322$1,992$1,020
15 years$3,338$2,857$2,436$2,070$1,754$847
16 years$3,097$2,621$2,209$1,854$1,550$705
17 years$2,884$2,414$2,010$1,666$1,375$589
18 years$2,696$2,231$1,835$1,501$1,222$492
19 years$2,527$2,067$1,680$1,356$1,090$412
20 years$2,376$1,921$1,542$1,228$973$346
21 years$2,239$1,789$1,418$1,115$871$290
22 years$2,114$1,670$1,307$1,014$781$244
23 years$2,001$1,562$1,207$923$701$205
24 years$1,897$1,464$1,116$842$630$172
25 years$1,802$1,374$1,034$769$567$145
26 years$1,714$1,291$959$703$511$122
27 years$1,633$1,215$890$644$460$103
28 years$1,558$1,145$827$590$415$87
29 years$1,488$1,080$770$541$375$73
30 years$1,423$1,020$717$496$339$62
31 years$1,362$964$669$456$306$52
32 years$1,305$912$624$419$277$44
33 years$1,252$864$583$385$251$37
34 years$1,202$819$544$354$227$31
35 years$1,155$777$509$326$206$26
36 years$1,110$737$476$300$186$22
37 years$1,068$700$446$277$169$19
38 years$1,029$665$417$255$153$16
39 years$991$633$391$235$139$13
40 years$956$602$366$217$126$11
41 years$922$573$344$200$114$9
42 years$890$546$322$185$104$8
43 years$859$520$302$171$94$7
44 years$831$496$284$157$85$6
45 years$803$473$267$145$78$5
46 years$777$451$250$134$70$4
47 years$751$430$235$124$64$3
48 years$727$411$221$115$58$3
49 years$704$392$208$106$53$2
50 years$682$375$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $699,000, adding $2,266 every year, while hoping to spend $49,773 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: 46/43/11 Blend
56$699,000$699,000$699,000$699,000
57$772,635$735,588$724,754$805,692
58$798,486$718,674$696,075$811,870
59$825,305$699,263$664,767$813,270
60$853,140$677,180$630,690$813,668
61$882,038$652,240$593,696$812,989
62$912,053$624,247$553,632$811,154
63$943,241$592,993$510,338$808,080
64$975,662$558,261$463,645$803,679
65$1,009,381$519,817$413,378$797,860
66$1,044,467$477,417$359,355$790,528
67$1,080,993$430,801$301,384$781,579
68$1,119,040$379,696$239,266$770,910
69$1,158,693$323,811$172,792$758,409
70$1,200,044$262,842$101,745$743,961
71$1,243,192$196,466$25,897$727,444
72$1,288,245$124,340$0$708,732
73$1,335,319$46,105$0$694,154
74$1,384,537$0$0$680,775
75$1,436,036$0$0$683,714
76$1,489,961$0$0$709,656
77$1,546,471$0$0$736,865
78$1,605,738$0$0$765,426
79$1,667,949$0$0$795,432
80$1,733,305$0$0$826,985
81$1,802,027$0$0$860,194
82$1,874,355$0$0$895,180
83$1,950,548$0$0$932,072
84$2,030,891$0$0$971,014
85$2,115,693$0$0$1,012,159
86$2,205,290$0$0$1,055,677
87$2,300,051$0$0$1,101,753
88$2,400,377$0$0$1,150,589
89$2,506,706$0$0$1,202,403
90$2,619,518$0$0$1,257,439
91$2,739,336$0$0$1,315,958
92$2,866,733$0$0$1,378,249
93$3,002,337$0$0$1,444,628
94$3,146,832$0$0$1,515,440
95$3,300,972$0$0$1,591,064
96$3,465,578$0$0$1,671,915
97$3,641,553$0$0$1,758,448
98$3,829,886$0$0$1,851,160
99$4,031,661$0$0$1,950,600
100$4,248,067$0$0$2,057,367