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%15.7%
1 years$57,888$57,372$56,869$56,378$55,899$54,592
2 years$28,657$28,124$27,606$27,105$26,618$25,309
3 years$18,915$18,379$17,863$17,366$16,888$15,617
4 years$14,045$13,511$13,000$12,511$12,045$10,822
5 years$11,124$10,592$10,088$9,610$9,156$7,985
6 years$9,177$8,650$8,153$7,685$7,245$6,127
7 years$7,787$7,264$6,775$6,318$5,892$4,827
8 years$6,745$6,226$5,746$5,300$4,888$3,876
9 years$5,934$5,421$4,949$4,515$4,116$3,156
10 years$5,287$4,779$4,315$3,892$3,507$2,598
11 years$4,757$4,254$3,798$3,387$3,016$2,157
12 years$4,316$3,818$3,371$2,971$2,614$1,803
13 years$3,943$3,451$3,012$2,623$2,279$1,515
14 years$3,624$3,136$2,706$2,328$1,998$1,279
15 years$3,347$2,865$2,443$2,076$1,759$1,083
16 years$3,106$2,629$2,215$1,859$1,555$920
17 years$2,893$2,421$2,016$1,670$1,379$784
18 years$2,703$2,237$1,840$1,505$1,226$669
19 years$2,534$2,073$1,685$1,360$1,093$572
20 years$2,382$1,927$1,546$1,232$976$490
21 years$2,245$1,795$1,422$1,118$873$421
22 years$2,121$1,675$1,311$1,017$783$361
23 years$2,007$1,567$1,210$926$703$310
24 years$1,903$1,468$1,119$844$632$267
25 years$1,807$1,378$1,037$771$568$230
26 years$1,719$1,295$961$705$512$198
27 years$1,638$1,219$893$645$462$170
28 years$1,562$1,148$830$591$417$147
29 years$1,492$1,083$772$542$376$127
30 years$1,427$1,023$719$498$340$109
31 years$1,366$967$671$457$307$94
32 years$1,309$915$626$420$278$81
33 years$1,255$867$584$386$252$70
34 years$1,205$821$546$355$228$61
35 years$1,158$779$510$327$206$52
36 years$1,113$739$477$301$187$45
37 years$1,071$702$447$278$169$39
38 years$1,032$667$418$256$154$34
39 years$994$635$392$236$139$29
40 years$958$604$367$218$126$25
41 years$925$575$345$201$115$22
42 years$892$547$323$185$104$19
43 years$862$522$303$171$94$16
44 years$833$497$285$158$86$14
45 years$805$474$267$146$78$12
46 years$779$452$251$135$71$10
47 years$754$432$236$124$64$9
48 years$729$412$222$115$58$8
49 years$706$393$208$106$53$7
50 years$684$376$196$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $701,000, adding $3,135 every year, while hoping to spend $21,926 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: 34/40/26 Blend
56$701,000$701,000$701,000$701,000
57$775,736$738,583$727,717$795,903
58$831,532$751,444$728,767$824,161
59$892,284$764,201$729,116$852,416
60$958,475$776,825$728,720$882,455
61$1,030,636$789,285$727,528$914,450
62$1,109,350$801,550$725,490$948,592
63$1,195,261$813,584$722,551$985,093
64$1,289,078$825,349$718,657$1,024,188
65$1,391,578$836,805$713,746$1,066,136
66$1,503,620$847,910$707,758$1,111,224
67$1,626,149$858,617$700,627$1,159,769
68$1,760,204$868,878$692,286$1,212,122
69$1,906,931$878,639$682,664$1,268,671
70$2,067,590$887,844$671,685$1,329,845
71$2,243,571$896,435$659,273$1,396,117
72$2,436,401$904,346$645,345$1,468,014
73$2,647,766$911,511$629,816$1,546,113
74$2,879,520$917,857$612,596$1,631,056
75$3,133,706$923,307$593,593$1,723,550
76$3,412,573$927,778$572,708$1,824,379
77$3,718,601$931,185$549,839$1,934,407
78$4,054,519$933,434$524,880$2,054,589
79$4,423,335$934,426$497,717$2,185,980
80$4,828,359$934,058$468,236$2,329,747
81$5,273,243$932,218$436,313$2,487,178
82$5,762,005$928,787$401,820$2,659,694
83$6,299,074$923,642$364,625$2,848,867
84$6,889,328$916,649$324,589$3,056,431
85$7,538,142$907,668$281,565$3,284,303
86$8,251,437$896,549$235,403$3,534,597
87$9,035,738$883,133$185,942$3,809,650
88$9,898,230$867,254$133,019$4,112,038
89$10,846,834$848,733$76,459$4,444,609
90$11,890,273$827,383$16,082$4,810,503
91$13,038,160$803,004$0$5,213,189
92$14,301,086$775,386$0$5,669,907
93$15,690,722$744,305$0$6,177,100
94$17,219,925$709,525$0$6,735,020
95$18,902,862$670,796$0$7,348,871
96$20,755,144$627,855$0$8,024,389
97$22,793,970$580,421$0$8,767,902
98$25,038,293$528,200$0$9,586,387
99$27,508,996$470,880$0$10,487,536
100$30,229,091$408,129$0$11,479,831