Can I retire at age 57 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$56,154$55,654$55,166$54,689$54,224$52,636
2 years$27,799$27,281$26,779$26,293$25,821$24,234
3 years$18,349$17,829$17,328$16,846$16,382$14,846
4 years$13,624$13,106$12,610$12,137$11,684$10,210
5 years$10,790$10,275$9,786$9,322$8,882$7,474
6 years$8,902$8,390$7,909$7,455$7,028$5,688
7 years$7,553$7,046$6,572$6,129$5,716$4,444
8 years$6,542$6,040$5,574$5,142$4,742$3,537
9 years$5,757$5,259$4,801$4,379$3,993$2,854
10 years$5,128$4,635$4,185$3,775$3,402$2,328
11 years$4,615$4,127$3,685$3,286$2,926$1,914
12 years$4,187$3,704$3,270$2,882$2,536$1,584
13 years$3,825$3,347$2,922$2,544$2,211$1,318
14 years$3,515$3,043$2,625$2,258$1,938$1,101
15 years$3,247$2,779$2,370$2,014$1,707$923
16 years$3,013$2,550$2,149$1,803$1,508$776
17 years$2,806$2,348$1,955$1,620$1,337$654
18 years$2,622$2,170$1,785$1,460$1,189$552
19 years$2,459$2,011$1,634$1,320$1,060$467
20 years$2,311$1,869$1,500$1,195$947$395
21 years$2,178$1,741$1,379$1,085$847$335
22 years$2,057$1,625$1,271$986$759$284
23 years$1,947$1,520$1,174$898$682$241
24 years$1,846$1,424$1,086$819$613$205
25 years$1,753$1,336$1,005$748$551$175
26 years$1,668$1,256$933$684$497$149
27 years$1,589$1,182$866$626$448$126
28 years$1,516$1,114$805$574$404$108
29 years$1,448$1,051$749$526$365$92
30 years$1,384$992$698$483$330$78
31 years$1,325$938$651$443$298$67
32 years$1,270$888$607$407$270$57
33 years$1,218$841$567$375$244$48
34 years$1,169$797$530$345$221$41
35 years$1,123$756$495$317$200$35
36 years$1,080$717$463$292$181$30
37 years$1,039$681$433$269$164$26
38 years$1,001$647$406$248$149$22
39 years$964$616$380$229$135$19
40 years$930$586$356$211$123$16
41 years$897$558$334$195$111$14
42 years$866$531$314$180$101$12
43 years$836$506$294$166$92$10
44 years$808$482$276$153$83$8
45 years$781$460$259$141$75$7
46 years$755$439$244$131$68$6
47 years$731$419$229$121$62$5
48 years$708$400$215$112$56$4
49 years$685$382$202$103$51$4
50 years$664$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $680,000, adding $6,640 every year, while hoping to spend $42,620 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: 57/18/25 Blend
56$680,000$680,000$680,000$680,000
57$756,209$720,169$709,629$793,822
58$787,995$710,110$688,054$810,247
59$821,595$698,130$664,328$823,067
60$857,148$684,089$638,334$836,143
61$894,808$667,840$609,949$849,511
62$934,742$649,227$579,046$863,214
63$977,132$628,086$545,490$877,301
64$1,022,177$604,240$509,142$891,827
65$1,070,097$577,505$469,856$906,859
66$1,121,129$547,686$427,478$922,468
67$1,175,536$514,574$381,851$938,740
68$1,233,605$477,952$332,806$955,771
69$1,295,648$437,587$280,171$973,668
70$1,362,011$393,236$223,764$992,556
71$1,433,070$344,638$163,394$1,012,573
72$1,509,239$291,522$98,864$1,033,876
73$1,590,973$233,597$29,967$1,056,644
74$1,678,769$170,560$0$1,081,076
75$1,773,174$102,088$0$1,119,015
76$1,874,788$27,841$0$1,168,380
77$1,984,270$0$0$1,221,515
78$2,102,344$0$0$1,289,211
79$2,229,806$0$0$1,368,287
80$2,367,529$0$0$1,453,777
81$2,516,474$0$0$1,546,285
82$2,677,696$0$0$1,646,471
83$2,852,356$0$0$1,755,063
84$3,041,729$0$0$1,872,863
85$3,247,219$0$0$2,000,750
86$3,470,369$0$0$2,139,692
87$3,712,877$0$0$2,290,755
88$3,976,608$0$0$2,455,110
89$4,263,619$0$0$2,634,045
90$4,576,168$0$0$2,828,981
91$4,916,744$0$0$3,041,477
92$5,288,083$0$0$3,273,252
93$5,693,199$0$0$3,526,197
94$6,135,407$0$0$3,802,393
95$6,618,357$0$0$4,104,131
96$7,146,069$0$0$4,433,934
97$7,722,965$0$0$4,794,579
98$8,353,916$0$0$5,189,125
99$9,044,286$0$0$5,620,937
100$9,799,979$0$0$6,093,723