Can I retire at age 57 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$56,567$56,063$55,571$55,091$54,623$53,324
2 years$28,003$27,482$26,976$26,486$26,011$24,710
3 years$18,483$17,960$17,455$16,970$16,502$15,240
4 years$13,724$13,202$12,703$12,226$11,770$10,555
5 years$10,870$10,351$9,858$9,391$8,947$7,785
6 years$8,967$8,452$7,967$7,510$7,080$5,970
7 years$7,609$7,098$6,620$6,174$5,758$4,701
8 years$6,591$6,084$5,615$5,179$4,776$3,772
9 years$5,799$5,298$4,836$4,412$4,022$3,070
10 years$5,166$4,670$4,216$3,803$3,427$2,526
11 years$4,649$4,157$3,712$3,310$2,948$2,095
12 years$4,218$3,731$3,294$2,903$2,554$1,750
13 years$3,853$3,372$2,943$2,563$2,227$1,470
14 years$3,541$3,065$2,644$2,275$1,953$1,240
15 years$3,271$2,800$2,387$2,029$1,719$1,049
16 years$3,035$2,569$2,165$1,817$1,519$891
17 years$2,827$2,366$1,970$1,632$1,347$759
18 years$2,642$2,186$1,798$1,471$1,198$647
19 years$2,477$2,026$1,646$1,329$1,068$553
20 years$2,328$1,883$1,511$1,204$954$473
21 years$2,194$1,754$1,390$1,093$853$406
22 years$2,072$1,637$1,281$993$765$348
23 years$1,961$1,531$1,182$905$687$299
24 years$1,859$1,434$1,094$825$617$257
25 years$1,766$1,346$1,013$754$555$221
26 years$1,680$1,265$939$689$500$190
27 years$1,600$1,191$872$631$451$164
28 years$1,527$1,122$811$578$407$141
29 years$1,458$1,058$755$530$368$121
30 years$1,394$1,000$703$486$332$105
31 years$1,335$945$655$447$300$90
32 years$1,279$894$611$410$272$78
33 years$1,227$847$571$377$246$67
34 years$1,178$803$533$347$223$58
35 years$1,131$761$499$320$202$50
36 years$1,088$722$467$294$183$43
37 years$1,047$686$437$271$166$37
38 years$1,008$652$409$250$150$32
39 years$971$620$383$231$136$28
40 years$937$590$359$213$123$24
41 years$903$562$337$196$112$21
42 years$872$535$316$181$102$18
43 years$842$510$296$167$92$15
44 years$814$486$278$154$84$13
45 years$787$463$261$143$76$11
46 years$761$442$245$132$69$10
47 years$736$422$230$122$63$9
48 years$713$403$217$112$57$7
49 years$690$384$204$104$52$6
50 years$669$367$191$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $685,000, adding $4,428 every year, while hoping to spend $49,161 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: 63/32/5 Blend
56$685,000$685,000$685,000$685,000
57$759,437$723,132$712,515$806,435
58$784,593$706,259$684,077$821,407
59$810,667$686,911$653,039$831,545
60$837,701$664,916$619,262$841,324
61$865,739$640,089$582,600$850,704
62$894,829$612,238$542,901$859,647
63$925,021$581,157$500,008$868,111
64$956,368$546,629$453,753$876,050
65$988,928$508,424$403,964$883,420
66$1,022,762$466,300$350,460$890,171
67$1,057,935$420,000$293,052$896,255
68$1,094,518$369,253$231,543$901,617
69$1,132,585$313,773$165,726$906,205
70$1,172,218$253,257$95,387$909,960
71$1,213,503$187,386$20,301$912,826
72$1,256,532$115,820$0$914,740
73$1,301,408$38,204$0$918,834
74$1,348,237$0$0$923,212
75$1,397,136$0$0$942,881
76$1,448,232$0$0$977,501
77$1,501,659$0$0$1,013,713
78$1,557,566$0$0$1,051,619
79$1,616,112$0$0$1,091,328
80$1,677,470$0$0$1,132,960
81$1,741,825$0$0$1,176,643
82$1,809,383$0$0$1,222,518
83$1,880,363$0$0$1,270,736
84$1,955,006$0$0$1,321,464
85$2,033,571$0$0$1,374,880
86$2,116,344$0$0$1,431,182
87$2,203,633$0$0$1,490,583
88$2,295,776$0$0$1,553,315
89$2,393,139$0$0$1,619,633
90$2,496,123$0$0$1,689,814
91$2,605,167$0$0$1,764,160
92$2,720,749$0$0$1,843,001
93$2,843,390$0$0$1,926,700
94$2,973,661$0$0$2,015,651
95$3,112,189$0$0$2,110,286
96$3,259,655$0$0$2,211,079
97$3,416,809$0$0$2,318,548
98$3,584,469$0$0$2,433,259
99$3,763,534$0$0$2,555,835
100$3,954,987$0$0$2,686,956