Can I retire at age 57 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$55,411$54,917$54,435$53,965$53,506$53,147
2 years$27,431$26,920$26,425$25,945$25,479$25,117
3 years$18,106$17,593$17,099$16,623$16,165$15,811
4 years$13,444$12,932$12,443$11,976$11,529$11,186
5 years$10,648$10,139$9,657$9,199$8,764$8,433
6 years$8,784$8,279$7,804$7,356$6,935$6,616
7 years$7,453$6,953$6,485$6,048$5,640$5,333
8 years$6,456$5,960$5,500$5,074$4,679$4,385
9 years$5,680$5,189$4,737$4,322$3,940$3,658
10 years$5,060$4,574$4,130$3,725$3,357$3,088
11 years$4,554$4,072$3,636$3,242$2,887$2,630
12 years$4,131$3,655$3,227$2,844$2,502$2,256
13 years$3,774$3,303$2,883$2,511$2,182$1,948
14 years$3,469$3,002$2,590$2,229$1,913$1,690
15 years$3,204$2,743$2,339$1,988$1,684$1,472
16 years$2,973$2,516$2,120$1,780$1,488$1,287
17 years$2,769$2,317$1,929$1,599$1,320$1,129
18 years$2,588$2,141$1,761$1,441$1,173$993
19 years$2,426$1,985$1,612$1,302$1,046$875
20 years$2,281$1,844$1,480$1,179$934$773
21 years$2,149$1,718$1,361$1,070$836$683
22 years$2,030$1,604$1,254$973$749$605
23 years$1,921$1,500$1,158$886$673$537
24 years$1,821$1,405$1,071$808$605$477
25 years$1,730$1,319$992$738$544$424
26 years$1,646$1,239$920$675$490$377
27 years$1,568$1,166$854$618$442$336
28 years$1,496$1,099$794$566$399$299
29 years$1,428$1,037$739$519$360$267
30 years$1,366$979$689$476$325$238
31 years$1,307$926$642$438$294$212
32 years$1,253$876$599$402$266$190
33 years$1,202$829$559$370$241$169
34 years$1,154$786$522$340$218$151
35 years$1,108$746$488$313$197$135
36 years$1,066$708$457$288$179$121
37 years$1,025$672$428$266$162$108
38 years$987$639$401$245$147$97
39 years$951$607$375$226$133$87
40 years$917$578$352$208$121$77
41 years$885$550$330$192$110$69
42 years$854$524$309$177$100$62
43 years$825$499$290$164$90$55
44 years$797$476$273$151$82$50
45 years$771$454$256$140$74$44
46 years$745$433$240$129$68$40
47 years$721$413$226$119$61$36
48 years$698$394$212$110$56$32
49 years$676$377$199$102$51$29
50 years$655$360$187$94$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $671,000, adding $6,430 every year, while hoping to spend $43,900 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: 72/6/22 Blend
56$671,000$671,000$671,000$671,000
57$746,075$710,512$700,111$795,314
58$775,465$698,617$676,856$817,064
59$806,382$684,669$651,350$835,041
60$838,934$668,519$623,471$853,642
61$873,242$650,013$593,094$872,922
62$909,434$628,985$560,084$892,944
63$947,652$605,261$524,303$913,779
64$988,050$578,657$485,604$935,503
65$1,030,796$548,976$443,837$958,203
66$1,076,075$516,013$398,843$981,977
67$1,124,086$479,549$350,456$1,006,932
68$1,175,049$439,354$298,503$1,033,189
69$1,229,204$395,182$242,803$1,060,881
70$1,286,814$346,777$183,167$1,090,158
71$1,348,165$293,865$119,399$1,121,186
72$1,413,571$236,158$51,293$1,154,149
73$1,483,378$173,352$0$1,189,253
74$1,557,962$105,126$0$1,231,748
75$1,637,738$31,140$0$1,290,041
76$1,723,157$0$0$1,352,416
77$1,814,718$0$0$1,422,477
78$1,912,965$0$0$1,499,883
79$2,018,498$0$0$1,583,052
80$2,131,974$0$0$1,672,505
81$2,254,113$0$0$1,768,813
82$2,385,707$0$0$1,872,605
83$2,527,627$0$0$1,984,570
84$2,680,827$0$0$2,105,466
85$2,846,359$0$0$2,236,125
86$3,025,376$0$0$2,377,462
87$3,219,146$0$0$2,530,482
88$3,429,064$0$0$2,696,293
89$3,656,663$0$0$2,876,108
90$3,903,628$0$0$3,071,266
91$4,171,815$0$0$3,283,236
92$4,463,263$0$0$3,513,636
93$4,780,214$0$0$3,764,246
94$5,125,138$0$0$4,037,022
95$5,500,751$0$0$4,334,120
96$5,910,041$0$0$4,657,910
97$6,356,297$0$0$5,011,000
98$6,843,139$0$0$5,396,261
99$7,374,552$0$0$5,816,855
100$7,954,922$0$0$6,276,259