Can I retire at age 57 with 701,000?

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 $701,000?

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$57,888$57,372$56,869$56,378$55,899$54,793
2 years$28,657$28,124$27,606$27,105$26,618$25,509
3 years$18,915$18,379$17,863$17,366$16,888$15,809
4 years$14,045$13,511$13,000$12,511$12,045$11,005
5 years$11,124$10,592$10,088$9,610$9,156$8,159
6 years$9,177$8,650$8,153$7,685$7,245$6,291
7 years$7,787$7,264$6,775$6,318$5,892$4,982
8 years$6,745$6,226$5,746$5,300$4,888$4,021
9 years$5,934$5,421$4,949$4,515$4,116$3,292
10 years$5,287$4,779$4,315$3,892$3,507$2,725
11 years$4,757$4,254$3,798$3,387$3,016$2,275
12 years$4,316$3,818$3,371$2,971$2,614$1,913
13 years$3,943$3,451$3,012$2,623$2,279$1,617
14 years$3,624$3,136$2,706$2,328$1,998$1,373
15 years$3,347$2,865$2,443$2,076$1,759$1,171
16 years$3,106$2,629$2,215$1,859$1,555$1,001
17 years$2,893$2,421$2,016$1,670$1,379$858
18 years$2,703$2,237$1,840$1,505$1,226$738
19 years$2,534$2,073$1,685$1,360$1,093$635
20 years$2,382$1,927$1,546$1,232$976$548
21 years$2,245$1,795$1,422$1,118$873$473
22 years$2,121$1,675$1,311$1,017$783$409
23 years$2,007$1,567$1,210$926$703$354
24 years$1,903$1,468$1,119$844$632$307
25 years$1,807$1,378$1,037$771$568$266
26 years$1,719$1,295$961$705$512$230
27 years$1,638$1,219$893$645$462$200
28 years$1,562$1,148$830$591$417$174
29 years$1,492$1,083$772$542$376$151
30 years$1,427$1,023$719$498$340$131
31 years$1,366$967$671$457$307$114
32 years$1,309$915$626$420$278$99
33 years$1,255$867$584$386$252$86
34 years$1,205$821$546$355$228$75
35 years$1,158$779$510$327$206$65
36 years$1,113$739$477$301$187$57
37 years$1,071$702$447$278$169$49
38 years$1,032$667$418$256$154$43
39 years$994$635$392$236$139$37
40 years$958$604$367$218$126$33
41 years$925$575$345$201$115$28
42 years$892$547$323$185$104$25
43 years$862$522$303$171$94$22
44 years$833$497$285$158$86$19
45 years$805$474$267$146$78$16
46 years$779$452$251$135$71$14
47 years$754$432$236$124$64$12
48 years$729$412$222$115$58$11
49 years$706$393$208$106$53$9
50 years$684$376$196$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $701,000, adding $3,068 every year, while hoping to spend $51,322 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: 32/47/21 Blend
56$701,000$701,000$701,000$701,000
57$775,667$738,514$727,648$795,367
58$800,178$720,095$697,418$791,991
59$825,470$699,053$664,455$783,490
60$851,568$675,206$628,614$773,268
61$878,497$648,360$589,742$761,207
62$906,285$618,311$547,680$747,180
63$934,960$584,843$502,261$731,056
64$964,552$547,726$453,312$712,694
65$995,090$506,718$400,652$691,945
66$1,026,605$461,563$344,090$668,655
67$1,059,131$411,992$283,429$642,657
68$1,092,700$357,718$218,462$613,778
69$1,127,348$298,438$148,973$581,836
70$1,163,111$233,835$74,737$546,635
71$1,200,025$163,570$0$507,974
72$1,238,131$87,288$0$466,641
73$1,277,468$4,613$0$439,342
74$1,318,079$0$0$409,131
75$1,360,007$0$0$419,701
76$1,403,297$0$0$433,080
77$1,447,996$0$0$446,897
78$1,494,154$0$0$461,167
79$1,541,822$0$0$475,906
80$1,591,052$0$0$491,131
81$1,641,902$0$0$506,859
82$1,694,427$0$0$523,110
83$1,748,689$0$0$539,901
84$1,804,751$0$0$557,252
85$1,862,678$0$0$575,186
86$1,922,541$0$0$593,723
87$1,984,410$0$0$612,887
88$2,048,361$0$0$632,702
89$2,114,474$0$0$653,192
90$2,182,832$0$0$674,386
91$2,253,522$0$0$696,310
92$2,326,636$0$0$718,994
93$2,402,269$0$0$742,469
94$2,480,524$0$0$766,768
95$2,561,508$0$0$791,925
96$2,645,333$0$0$817,977
97$2,732,119$0$0$844,963
98$2,821,991$0$0$872,923
99$2,915,082$0$0$901,900
100$3,011,535$0$0$931,942