Can I retire at age 57 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$56,484$55,981$55,490$55,011$54,543$52,776
2 years$27,962$27,442$26,937$26,448$25,973$24,209
3 years$18,456$17,933$17,430$16,945$16,478$14,773
4 years$13,704$13,183$12,685$12,208$11,752$10,119
5 years$10,854$10,336$9,844$9,377$8,934$7,377
6 years$8,954$8,440$7,955$7,499$7,069$5,590
7 years$7,598$7,088$6,611$6,165$5,749$4,347
8 years$6,581$6,075$5,606$5,172$4,769$3,443
9 years$5,790$5,290$4,829$4,405$4,017$2,765
10 years$5,158$4,663$4,210$3,797$3,422$2,244
11 years$4,642$4,151$3,706$3,305$2,943$1,835
12 years$4,211$3,726$3,289$2,899$2,551$1,511
13 years$3,848$3,367$2,939$2,559$2,224$1,250
14 years$3,536$3,060$2,640$2,272$1,950$1,039
15 years$3,266$2,796$2,384$2,026$1,717$866
16 years$3,030$2,565$2,161$1,814$1,517$724
17 years$2,823$2,362$1,967$1,630$1,345$606
18 years$2,638$2,183$1,795$1,469$1,196$509
19 years$2,473$2,023$1,644$1,327$1,066$428
20 years$2,325$1,880$1,508$1,202$952$360
21 years$2,191$1,751$1,388$1,091$852$303
22 years$2,069$1,635$1,279$992$764$256
23 years$1,958$1,529$1,181$903$686$216
24 years$1,857$1,432$1,092$824$616$182
25 years$1,763$1,344$1,011$752$555$154
26 years$1,678$1,263$938$688$500$130
27 years$1,598$1,189$871$630$450$110
28 years$1,524$1,120$810$577$406$93
29 years$1,456$1,057$754$529$367$79
30 years$1,392$998$702$486$332$67
31 years$1,333$944$654$446$300$56
32 years$1,277$893$611$410$271$48
33 years$1,225$846$570$377$245$40
34 years$1,176$801$533$347$222$34
35 years$1,130$760$498$319$201$29
36 years$1,086$721$466$294$182$25
37 years$1,045$685$436$271$165$21
38 years$1,007$651$408$250$150$18
39 years$970$619$383$230$136$15
40 years$935$589$359$212$123$13
41 years$902$561$336$196$112$11
42 years$871$534$315$181$101$9
43 years$841$509$296$167$92$8
44 years$813$485$278$154$84$7
45 years$786$463$261$142$76$6
46 years$760$441$245$131$69$5
47 years$735$421$230$121$63$4
48 years$712$402$216$112$57$3
49 years$689$384$203$104$52$3
50 years$668$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $684,000, adding $2,566 every year, while hoping to spend $23,716 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: 51/31/18 Blend
56$684,000$684,000$684,000$684,000
57$756,415$720,163$709,561$791,116
58$808,336$730,217$708,097$825,336
59$864,757$739,969$705,790$859,846
60$926,114$749,379$702,586$896,854
61$992,884$758,405$698,428$936,603
62$1,065,591$767,000$693,259$979,364
63$1,144,815$775,117$687,017$1,025,433
64$1,231,192$782,703$679,638$1,075,141
65$1,325,421$789,704$671,053$1,128,849
66$1,428,275$796,060$661,194$1,186,960
67$1,540,601$801,708$649,986$1,249,916
68$1,663,333$806,583$637,352$1,318,206
69$1,797,500$810,613$623,210$1,392,369
70$1,944,234$813,722$607,477$1,473,003
71$2,104,782$815,830$590,063$1,560,764
72$2,280,516$816,852$570,876$1,656,381
73$2,472,948$816,697$549,820$1,760,653
74$2,683,742$815,268$526,792$1,874,468
75$2,914,731$812,465$501,688$1,998,803
76$3,167,935$808,177$474,396$2,134,736
77$3,445,577$802,289$444,800$2,283,457
78$3,750,105$794,681$412,780$2,446,282
79$4,084,217$785,222$378,209$2,624,661
80$4,450,884$773,774$340,956$2,820,194
81$4,853,378$760,193$300,882$3,034,648
82$5,295,305$744,325$257,844$3,269,971
83$5,780,635$726,005$211,691$3,528,316
84$6,313,742$705,063$162,265$3,812,054
85$6,899,447$681,313$109,404$4,123,805
86$7,543,056$654,564$52,935$4,466,458
87$8,250,420$624,609$0$4,843,199
88$9,027,981$591,233$0$5,258,953
89$9,882,838$554,207$0$5,727,131
90$10,822,811$513,287$0$6,241,874
91$11,856,517$468,217$0$6,807,939
92$12,993,450$418,727$0$7,430,575
93$14,244,067$364,530$0$8,115,565
94$15,619,894$305,325$0$8,869,289
95$17,133,628$240,790$0$9,698,778
96$18,799,259$170,590$0$10,611,785
97$20,632,201$94,366$0$11,616,857
98$22,649,439$11,743$0$12,723,416
99$24,869,686$0$0$13,941,851
100$27,313,565$0$0$15,310,112