Can I retire at age 57 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$58,383$57,863$57,356$56,861$56,377$54,881
2 years$28,903$28,364$27,843$27,337$26,846$25,349
3 years$19,077$18,536$18,016$17,515$17,032$15,581
4 years$14,165$13,626$13,111$12,619$12,148$10,754
5 years$11,219$10,683$10,175$9,692$9,234$7,902
6 years$9,255$8,724$8,223$7,751$7,307$6,037
7 years$7,853$7,326$6,833$6,373$5,942$4,735
8 years$6,802$6,280$5,795$5,346$4,930$3,784
9 years$5,985$5,468$4,991$4,553$4,152$3,066
10 years$5,332$4,819$4,351$3,925$3,537$2,512
11 years$4,798$4,291$3,831$3,416$3,042$2,074
12 years$4,353$3,851$3,400$2,996$2,636$1,725
13 years$3,977$3,480$3,038$2,645$2,299$1,442
14 years$3,655$3,163$2,729$2,348$2,015$1,210
15 years$3,376$2,890$2,464$2,094$1,774$1,019
16 years$3,132$2,651$2,234$1,875$1,568$861
17 years$2,917$2,442$2,033$1,685$1,390$729
18 years$2,727$2,256$1,856$1,518$1,236$619
19 years$2,556$2,091$1,699$1,372$1,102$526
20 years$2,403$1,943$1,559$1,243$984$448
21 years$2,264$1,810$1,434$1,128$881$382
22 years$2,139$1,690$1,322$1,025$790$326
23 years$2,024$1,580$1,220$934$709$278
24 years$1,919$1,481$1,129$852$637$238
25 years$1,823$1,389$1,045$778$573$203
26 years$1,734$1,306$970$711$516$174
27 years$1,652$1,229$900$651$466$149
28 years$1,576$1,158$837$596$420$128
29 years$1,505$1,092$779$547$379$109
30 years$1,439$1,032$725$502$343$94
31 years$1,378$975$676$461$310$80
32 years$1,320$923$631$424$280$69
33 years$1,266$874$589$390$254$59
34 years$1,215$828$551$358$230$51
35 years$1,168$786$515$330$208$43
36 years$1,123$746$481$304$188$37
37 years$1,080$708$451$280$171$32
38 years$1,040$673$422$258$155$27
39 years$1,003$640$395$238$140$24
40 years$967$609$371$219$127$20
41 years$932$580$348$203$116$17
42 years$900$552$326$187$105$15
43 years$869$526$306$173$95$13
44 years$840$501$287$159$86$11
45 years$812$478$270$147$78$9
46 years$785$456$253$136$71$8
47 years$760$435$238$126$65$7
48 years$736$415$224$116$59$6
49 years$713$397$210$107$53$5
50 years$690$379$198$99$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $707,000, adding $6,616 every year, while hoping to spend $44,785 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: 40/33/27 Blend
56$707,000$707,000$707,000$707,000
57$785,938$748,467$737,509$810,886
58$818,453$737,491$714,565$818,613
59$852,784$724,477$689,351$822,304
60$889,067$709,276$661,744$825,434
61$927,455$691,733$631,615$827,981
62$968,111$671,683$598,829$829,921
63$1,011,214$648,952$563,246$831,235
64$1,056,961$623,354$524,718$831,904
65$1,105,567$594,694$483,092$831,912
66$1,157,265$562,764$438,206$831,245
67$1,212,313$527,346$389,892$829,895
68$1,270,991$488,209$337,976$827,856
69$1,333,608$445,107$282,274$825,129
70$1,400,500$397,781$222,595$821,718
71$1,472,038$345,959$158,738$817,638
72$1,548,626$289,351$90,496$812,908
73$1,630,709$227,653$17,651$807,557
74$1,718,774$160,541$0$801,627
75$1,813,357$87,675$0$812,480
76$1,915,044$8,695$0$829,421
77$2,024,480$0$0$847,514
78$2,142,372$0$0$894,810
79$2,269,499$0$0$949,287
80$2,406,713$0$0$1,008,161
81$2,554,953$0$0$1,071,845
82$2,715,251$0$0$1,140,791
83$2,888,740$0$0$1,215,498
84$3,076,665$0$0$1,296,513
85$3,280,397$0$0$1,384,438
86$3,501,442$0$0$1,479,935
87$3,741,456$0$0$1,583,733
88$4,002,262$0$0$1,696,633
89$4,285,864$0$0$1,819,517
90$4,594,468$0$0$1,953,354
91$4,930,500$0$0$2,099,212
92$5,296,630$0$0$2,258,267
93$5,695,797$0$0$2,431,810
94$6,131,235$0$0$2,621,266
95$6,606,503$0$0$2,828,201
96$7,125,520$0$0$3,054,339
97$7,692,598$0$0$3,301,579
98$8,312,488$0$0$3,572,013
99$8,990,416$0$0$3,867,942
100$9,732,140$0$0$4,191,900