Can I retire at age 57 with 699,000?

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 $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%17.9%
1 years$57,723$57,209$56,707$56,217$55,739$53,955
2 years$28,576$28,043$27,528$27,028$26,542$24,761
3 years$18,861$18,327$17,812$17,317$16,840$15,118
4 years$14,005$13,472$12,963$12,476$12,010$10,360
5 years$11,092$10,562$10,060$9,583$9,130$7,557
6 years$9,151$8,625$8,130$7,663$7,224$5,729
7 years$7,764$7,243$6,756$6,300$5,875$4,458
8 years$6,725$6,209$5,729$5,285$4,874$3,533
9 years$5,917$5,406$4,935$4,502$4,105$2,839
10 years$5,272$4,765$4,302$3,881$3,497$2,305
11 years$4,744$4,242$3,788$3,377$3,008$1,887
12 years$4,304$3,807$3,361$2,962$2,607$1,554
13 years$3,932$3,441$3,003$2,615$2,273$1,287
14 years$3,614$3,128$2,698$2,322$1,992$1,070
15 years$3,338$2,857$2,436$2,070$1,754$892
16 years$3,097$2,621$2,209$1,854$1,550$746
17 years$2,884$2,414$2,010$1,666$1,375$626
18 years$2,696$2,231$1,835$1,501$1,222$526
19 years$2,527$2,067$1,680$1,356$1,090$442
20 years$2,376$1,921$1,542$1,228$973$372
21 years$2,239$1,789$1,418$1,115$871$314
22 years$2,114$1,670$1,307$1,014$781$265
23 years$2,001$1,562$1,207$923$701$224
24 years$1,897$1,464$1,116$842$630$189
25 years$1,802$1,374$1,034$769$567$160
26 years$1,714$1,291$959$703$511$135
27 years$1,633$1,215$890$644$460$115
28 years$1,558$1,145$827$590$415$97
29 years$1,488$1,080$770$541$375$82
30 years$1,423$1,020$717$496$339$70
31 years$1,362$964$669$456$306$59
32 years$1,305$912$624$419$277$50
33 years$1,252$864$583$385$251$42
34 years$1,202$819$544$354$227$36
35 years$1,155$777$509$326$206$30
36 years$1,110$737$476$300$186$26
37 years$1,068$700$446$277$169$22
38 years$1,029$665$417$255$153$19
39 years$991$633$391$235$139$16
40 years$956$602$366$217$126$13
41 years$922$573$344$200$114$11
42 years$890$546$322$185$104$10
43 years$859$520$302$171$94$8
44 years$831$496$284$157$85$7
45 years$803$473$267$145$78$6
46 years$777$451$250$134$70$5
47 years$751$430$235$124$64$4
48 years$727$411$221$115$58$4
49 years$704$392$208$106$53$3
50 years$682$375$195$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $699,000, adding $5,020 every year, while hoping to spend $24,754 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: 61/12/27 Blend
56$699,000$699,000$699,000$699,000
57$775,476$738,429$727,595$816,876
58$828,237$748,274$725,631$855,466
59$885,549$757,772$722,772$894,454
60$947,852$766,879$718,961$936,484
61$1,015,626$775,550$714,140$981,858
62$1,089,403$783,735$708,247$1,030,908
63$1,169,766$791,382$701,217$1,084,003
64$1,257,358$798,435$692,983$1,141,549
65$1,352,884$804,834$683,474$1,203,993
66$1,457,123$810,516$672,616$1,271,829
67$1,570,932$815,413$660,330$1,345,604
68$1,695,252$819,453$646,536$1,425,918
69$1,831,121$822,560$631,149$1,513,437
70$1,979,682$824,652$614,079$1,608,893
71$2,142,192$825,643$595,233$1,713,094
72$2,320,037$825,441$574,515$1,826,934
73$2,514,742$823,948$551,822$1,951,397
74$2,727,985$821,061$527,047$2,087,569
75$2,961,616$816,670$500,080$2,236,647
76$3,217,672$810,658$470,804$2,399,956
77$3,498,396$802,902$439,097$2,578,952
78$3,806,258$793,270$404,833$2,775,244
79$4,143,980$781,623$367,878$2,990,608
80$4,514,557$767,814$328,093$3,227,001
81$4,921,292$751,687$285,335$3,486,581
82$5,367,821$733,077$239,450$3,771,731
83$5,858,150$711,808$190,283$4,085,077
84$6,396,690$687,696$137,667$4,429,516
85$6,988,304$660,544$81,429$4,808,243
86$7,638,345$630,145$21,392$5,224,782
87$8,352,713$596,280$0$5,683,018
88$9,137,908$558,715$0$6,199,532
89$10,001,089$517,206$0$6,774,130
90$10,950,144$471,494$0$7,405,911
91$11,993,764$421,303$0$8,100,684
92$13,141,526$366,344$0$8,864,848
93$14,403,977$306,311$0$9,705,455
94$15,792,742$240,879$0$10,630,278
95$17,320,627$169,707$0$11,647,882
96$19,001,743$92,435$0$12,767,707
97$20,851,636$8,680$0$14,000,155
98$22,887,437$0$0$15,356,690
99$25,128,022$0$0$16,860,769
100$27,594,188$0$0$18,517,605