Can I retire at age 57 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$55,741$55,244$54,760$54,287$53,825$51,731
2 years$27,594$27,081$26,582$26,100$25,631$23,546
3 years$18,214$17,697$17,201$16,722$16,261$14,252
4 years$13,524$13,009$12,518$12,047$11,598$9,679
5 years$10,711$10,200$9,714$9,254$8,816$6,993
6 years$8,836$8,329$7,851$7,400$6,976$5,249
7 years$7,498$6,994$6,524$6,084$5,673$4,043
8 years$6,494$5,996$5,533$5,104$4,707$3,170
9 years$5,714$5,220$4,765$4,347$3,964$2,519
10 years$5,091$4,601$4,155$3,747$3,377$2,023
11 years$4,581$4,096$3,658$3,261$2,905$1,636
12 years$4,156$3,677$3,246$2,861$2,517$1,332
13 years$3,797$3,323$2,900$2,526$2,195$1,089
14 years$3,489$3,020$2,606$2,242$1,924$894
15 years$3,223$2,759$2,353$1,999$1,694$736
16 years$2,991$2,531$2,133$1,790$1,497$608
17 years$2,785$2,331$1,941$1,608$1,328$503
18 years$2,603$2,154$1,772$1,450$1,180$417
19 years$2,440$1,996$1,622$1,310$1,052$346
20 years$2,294$1,855$1,489$1,186$940$287
21 years$2,162$1,728$1,369$1,077$841$239
22 years$2,042$1,613$1,262$979$754$199
23 years$1,932$1,509$1,165$892$677$166
24 years$1,832$1,414$1,078$813$608$138
25 years$1,740$1,327$998$743$547$115
26 years$1,655$1,247$926$679$493$96
27 years$1,577$1,173$860$621$444$80
28 years$1,504$1,106$799$569$401$67
29 years$1,437$1,043$744$522$362$56
30 years$1,374$985$693$479$327$46
31 years$1,315$931$646$440$296$39
32 years$1,260$881$602$404$268$32
33 years$1,209$834$563$372$242$27
34 years$1,160$791$526$342$219$23
35 years$1,115$750$491$315$199$19
36 years$1,072$712$460$290$180$16
37 years$1,032$676$430$267$163$13
38 years$993$643$403$246$148$11
39 years$957$611$378$227$134$9
40 years$923$581$354$210$122$8
41 years$890$553$332$193$110$6
42 years$859$527$311$178$100$5
43 years$830$502$292$165$91$4
44 years$802$479$274$152$82$4
45 years$775$456$257$140$75$3
46 years$750$435$242$130$68$3
47 years$726$416$227$120$62$2
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$2
50 years$659$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $675,000, adding $2,390 every year, while hoping to spend $46,329 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: 58/31/11 Blend
56$675,000$675,000$675,000$675,000
57$746,315$710,540$700,078$787,471
58$773,146$696,063$674,237$801,014
59$801,160$679,324$645,977$810,385
60$830,430$660,162$615,169$819,484
61$861,034$638,410$581,677$828,293
62$893,055$613,888$545,359$836,789
63$926,585$586,406$506,066$844,953
64$961,721$555,765$463,644$852,765
65$998,571$521,751$417,930$860,206
66$1,037,250$484,142$368,756$867,259
67$1,077,884$442,700$315,944$873,905
68$1,120,611$397,175$259,311$880,132
69$1,165,578$347,301$198,663$885,925
70$1,212,948$292,800$133,799$891,275
71$1,262,896$233,375$64,509$896,175
72$1,315,616$168,715$0$900,620
73$1,371,316$98,489$0$905,720
74$1,430,225$22,350$0$918,524
75$1,492,592$0$0$931,493
76$1,558,690$0$0$965,167
77$1,628,816$0$0$1,009,010
78$1,703,296$0$0$1,055,605
79$1,782,486$0$0$1,105,178
80$1,866,775$0$0$1,157,977
81$1,956,589$0$0$1,214,274
82$2,052,396$0$0$1,274,367
83$2,154,706$0$0$1,338,580
84$2,264,081$0$0$1,407,271
85$2,381,133$0$0$1,480,832
86$2,506,538$0$0$1,559,691
87$2,641,034$0$0$1,644,320
88$2,785,431$0$0$1,735,236
89$2,940,620$0$0$1,833,006
90$3,107,577$0$0$1,938,252
91$3,287,375$0$0$2,051,660
92$3,481,191$0$0$2,173,980
93$3,690,319$0$0$2,306,038
94$3,916,180$0$0$2,448,741
95$4,160,337$0$0$2,603,085
96$4,424,506$0$0$2,770,166
97$4,710,575$0$0$2,951,189
98$5,020,618$0$0$3,147,478
99$5,356,917$0$0$3,360,490
100$5,721,980$0$0$3,591,825