Can I retire at age 57 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$57,971$57,454$56,950$56,459$55,978$55,394
2 years$28,698$28,164$27,646$27,144$26,656$26,068
3 years$18,942$18,405$17,889$17,391$16,912$16,337
4 years$14,065$13,530$13,018$12,529$12,062$11,506
5 years$11,140$10,608$10,103$9,624$9,169$8,633
6 years$9,190$8,662$8,165$7,696$7,255$6,740
7 years$7,798$7,274$6,785$6,327$5,900$5,407
8 years$6,754$6,235$5,754$5,308$4,895$4,422
9 years$5,943$5,429$4,956$4,521$4,122$3,670
10 years$5,294$4,785$4,321$3,897$3,512$3,081
11 years$4,764$4,260$3,804$3,392$3,021$2,610
12 years$4,322$3,824$3,376$2,975$2,618$2,227
13 years$3,949$3,456$3,016$2,627$2,283$1,911
14 years$3,629$3,141$2,710$2,332$2,001$1,648
15 years$3,352$2,869$2,447$2,079$1,762$1,427
16 years$3,110$2,633$2,218$1,862$1,557$1,240
17 years$2,897$2,424$2,019$1,673$1,381$1,081
18 years$2,707$2,240$1,843$1,508$1,228$944
19 years$2,538$2,076$1,687$1,362$1,094$827
20 years$2,386$1,929$1,548$1,234$977$725
21 years$2,248$1,797$1,424$1,120$875$637
22 years$2,124$1,678$1,312$1,018$784$561
23 years$2,010$1,569$1,212$927$704$494
24 years$1,906$1,470$1,121$846$633$436
25 years$1,810$1,380$1,038$772$569$385
26 years$1,722$1,297$963$706$513$340
27 years$1,640$1,220$894$646$462$300
28 years$1,565$1,150$831$592$417$266
29 years$1,494$1,085$773$543$377$235
30 years$1,429$1,024$720$498$340$208
31 years$1,368$968$672$458$308$185
32 years$1,311$916$627$421$278$164
33 years$1,257$868$585$387$252$145
34 years$1,207$822$547$356$228$129
35 years$1,160$780$511$328$207$114
36 years$1,115$740$478$302$187$101
37 years$1,073$703$447$278$170$90
38 years$1,033$668$419$256$154$80
39 years$995$635$393$236$139$71
40 years$960$605$368$218$126$63
41 years$926$576$345$201$115$56
42 years$894$548$324$186$104$50
43 years$863$522$304$171$94$44
44 years$834$498$285$158$86$39
45 years$806$475$268$146$78$35
46 years$780$453$251$135$71$31
47 years$755$432$236$125$64$27
48 years$731$413$222$115$58$24
49 years$707$394$209$106$53$22
50 years$685$376$196$98$48$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $702,000, adding $2,590 every year, while hoping to spend $39,751 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: 52/39/9 Blend
56$702,000$702,000$702,000$702,000
57$776,276$739,070$728,189$814,729
58$813,161$732,989$710,288$835,094
59$852,476$725,279$690,456$852,724
60$894,428$715,816$668,585$870,961
61$939,240$704,472$644,563$889,872
62$987,162$691,110$618,275$909,531
63$1,038,463$675,585$589,598$930,023
64$1,093,441$657,744$558,405$951,445
65$1,152,423$637,424$524,562$973,903
66$1,215,764$614,452$487,929$997,519
67$1,283,860$588,648$448,362$1,022,432
68$1,357,140$559,818$405,709$1,048,794
69$1,436,077$527,758$359,809$1,076,780
70$1,521,193$492,254$310,498$1,106,584
71$1,613,057$453,077$257,603$1,138,423
72$1,712,297$409,986$200,941$1,172,543
73$1,819,604$362,728$140,324$1,209,216
74$1,935,734$311,032$75,556$1,248,749
75$2,061,521$254,615$6,429$1,291,483
76$2,197,881$193,176$0$1,337,802
77$2,345,821$126,398$0$1,394,599
78$2,506,450$53,946$0$1,456,962
79$2,680,986$0$0$1,524,828
80$2,870,769$0$0$1,609,338
81$3,077,274$0$0$1,726,548
82$3,302,123$0$0$1,854,235
83$3,547,103$0$0$1,993,421
84$3,814,177$0$0$2,145,230
85$4,105,510$0$0$2,310,901
86$4,423,480$0$0$2,491,797
87$4,770,708$0$0$2,689,417
88$5,150,079$0$0$2,905,413
89$5,564,767$0$0$3,141,604
90$6,018,269$0$0$3,399,991
91$6,514,434$0$0$3,682,779
92$7,057,500$0$0$3,992,394
93$7,652,135$0$0$4,331,511
94$8,303,477$0$0$4,703,072
95$9,017,188$0$0$5,110,319
96$9,799,500$0$0$5,556,823
97$10,657,278$0$0$6,046,516
98$11,598,084$0$0$6,583,729
99$12,630,245$0$0$7,173,232
100$13,762,936$0$0$7,820,280