Can I retire at age 57 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$55,493$54,999$54,517$54,046$53,586$53,159
2 years$27,472$26,960$26,464$25,984$25,517$25,087
3 years$18,133$17,619$17,124$16,648$16,189$15,769
4 years$13,464$12,952$12,462$11,994$11,546$11,139
5 years$10,663$10,154$9,671$9,212$8,777$8,384
6 years$8,797$8,292$7,816$7,367$6,945$6,567
7 years$7,464$6,963$6,495$6,057$5,648$5,285
8 years$6,465$5,969$5,508$5,081$4,686$4,338
9 years$5,689$5,197$4,744$4,328$3,946$3,613
10 years$5,068$4,581$4,136$3,731$3,362$3,044
11 years$4,560$4,078$3,641$3,247$2,892$2,588
12 years$4,138$3,660$3,232$2,848$2,506$2,216
13 years$3,780$3,308$2,887$2,514$2,185$1,909
14 years$3,474$3,007$2,594$2,232$1,916$1,653
15 years$3,209$2,747$2,342$1,990$1,687$1,437
16 years$2,977$2,520$2,124$1,782$1,491$1,254
17 years$2,773$2,321$1,932$1,601$1,322$1,098
18 years$2,592$2,145$1,764$1,443$1,175$963
19 years$2,430$1,988$1,615$1,304$1,047$847
20 years$2,284$1,847$1,482$1,181$936$746
21 years$2,152$1,720$1,363$1,072$837$659
22 years$2,033$1,606$1,256$975$750$582
23 years$1,924$1,502$1,160$888$674$515
24 years$1,824$1,407$1,073$809$606$457
25 years$1,733$1,321$994$739$545$405
26 years$1,648$1,241$922$676$491$359
27 years$1,570$1,168$856$619$442$319
28 years$1,498$1,101$796$567$399$284
29 years$1,431$1,038$740$520$361$252
30 years$1,368$981$690$477$326$225
31 years$1,309$927$643$438$295$200
32 years$1,255$877$600$403$266$178
33 years$1,203$831$560$370$241$159
34 years$1,155$787$523$341$218$141
35 years$1,110$747$489$314$198$126
36 years$1,067$709$458$289$179$112
37 years$1,027$673$428$266$162$100
38 years$989$640$401$245$147$89
39 years$953$608$376$226$133$80
40 years$919$579$352$209$121$71
41 years$886$551$330$192$110$64
42 years$856$525$310$178$100$57
43 years$826$500$291$164$90$51
44 years$798$477$273$151$82$45
45 years$772$454$256$140$75$40
46 years$747$434$241$129$68$36
47 years$722$414$226$119$61$32
48 years$699$395$212$110$56$29
49 years$677$377$200$102$51$26
50 years$656$360$188$94$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $672,000, adding $3,852 every year, while hoping to spend $35,928 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: 62/12/26 Blend
56$672,000$672,000$672,000$672,000
57$744,517$708,901$698,485$785,301
58$782,231$705,410$683,657$809,929
59$822,587$700,544$667,129$832,542
60$865,818$694,198$648,804$856,453
61$912,177$686,259$628,585$881,794
62$961,943$676,609$606,366$908,714
63$1,015,421$665,124$582,040$937,377
64$1,072,949$651,669$555,493$967,964
65$1,134,894$636,105$526,606$1,000,679
66$1,201,661$618,282$495,255$1,035,745
67$1,273,695$598,043$461,311$1,073,413
68$1,351,485$575,220$424,638$1,113,959
69$1,435,567$549,637$385,094$1,157,689
70$1,526,532$521,106$342,532$1,204,943
71$1,625,029$489,430$296,797$1,256,099
72$1,731,769$454,400$247,727$1,311,574
73$1,847,539$415,795$195,155$1,371,830
74$1,973,199$373,380$138,905$1,437,382
75$2,109,700$326,910$78,792$1,508,795
76$2,258,083$276,122$14,625$1,586,700
77$2,419,496$220,741$0$1,671,791
78$2,595,204$160,476$0$1,779,780
79$2,786,594$95,019$0$1,901,878
80$2,995,196$24,045$0$2,035,028
81$3,222,694$0$0$2,180,337
82$3,470,939$0$0$2,345,995
83$3,741,970$0$0$2,530,371
84$4,038,032$0$0$2,731,824
85$4,361,595$0$0$2,952,041
86$4,715,379$0$0$3,192,879
87$5,102,380$0$0$3,456,385
88$5,525,895$0$0$3,744,809
89$5,989,555$0$0$4,060,633
90$6,497,359$0$0$4,406,588
91$7,053,711$0$0$4,785,681
92$7,663,459$0$0$5,201,224
93$8,331,945$0$0$5,656,865
94$9,065,052$0$0$6,156,624
95$9,869,258$0$0$6,704,924
96$10,751,699$0$0$7,306,642
97$11,720,236$0$0$7,967,146
98$12,783,528$0$0$8,692,350
99$13,951,111$0$0$9,488,772
100$15,233,494$0$0$10,363,587