Can I retire at age 57 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$56,732$56,226$55,733$55,252$54,782$54,075
2 years$28,085$27,562$27,055$26,564$26,087$25,376
3 years$18,537$18,012$17,506$17,020$16,551$15,857
4 years$13,764$13,241$12,740$12,262$11,804$11,134
5 years$10,901$10,381$9,887$9,418$8,973$8,328
6 years$8,993$8,477$7,990$7,532$7,100$6,481
7 years$7,631$7,119$6,640$6,192$5,774$5,181
8 years$6,610$6,102$5,631$5,195$4,790$4,223
9 years$5,816$5,313$4,850$4,425$4,034$3,493
10 years$5,181$4,683$4,228$3,814$3,437$2,922
11 years$4,662$4,169$3,723$3,319$2,956$2,465
12 years$4,230$3,742$3,304$2,912$2,562$2,095
13 years$3,864$3,382$2,952$2,570$2,234$1,791
14 years$3,552$3,074$2,652$2,282$1,958$1,539
15 years$3,281$2,808$2,394$2,035$1,724$1,327
16 years$3,044$2,576$2,171$1,822$1,524$1,148
17 years$2,835$2,373$1,975$1,637$1,351$997
18 years$2,649$2,192$1,803$1,475$1,201$867
19 years$2,484$2,032$1,651$1,333$1,071$756
20 years$2,335$1,888$1,515$1,207$956$660
21 years$2,200$1,759$1,394$1,096$856$578
22 years$2,078$1,642$1,284$996$767$506
23 years$1,967$1,535$1,186$907$689$444
24 years$1,865$1,439$1,097$828$619$389
25 years$1,771$1,350$1,016$756$557$342
26 years$1,685$1,269$942$691$502$301
27 years$1,605$1,194$875$633$452$265
28 years$1,531$1,125$813$580$408$233
29 years$1,462$1,062$757$531$369$205
30 years$1,398$1,003$705$488$333$181
31 years$1,339$948$657$448$301$159
32 years$1,283$897$613$412$272$141
33 years$1,230$849$573$379$246$124
34 years$1,181$805$535$348$223$109
35 years$1,135$763$500$321$202$97
36 years$1,091$725$468$295$183$85
37 years$1,050$688$438$272$166$75
38 years$1,011$654$410$251$150$66
39 years$974$622$384$231$136$59
40 years$939$592$360$213$124$52
41 years$906$563$338$197$112$46
42 years$875$536$317$182$102$40
43 years$845$511$297$168$92$36
44 years$816$487$279$155$84$32
45 years$789$465$262$143$76$28
46 years$763$443$246$132$69$25
47 years$739$423$231$122$63$22
48 years$715$404$217$113$57$19
49 years$692$386$204$104$52$17
50 years$671$368$192$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $687,000, adding $2,756 every year, while hoping to spend $38,873 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: 59/13/28 Blend
56$687,000$687,000$687,000$687,000
57$759,917$723,506$712,857$798,818
58$796,068$717,597$695,377$819,815
59$834,603$710,096$676,009$838,341
60$875,725$700,883$654,648$857,742
61$919,656$689,833$631,185$878,114
62$966,637$676,811$605,507$899,562
63$1,016,936$661,677$577,493$922,206
64$1,070,844$644,279$547,019$946,181
65$1,128,681$624,460$513,955$971,633
66$1,190,798$602,050$478,164$998,731
67$1,257,582$576,873$439,505$1,027,659
68$1,329,455$548,740$397,829$1,058,623
69$1,406,883$517,452$352,980$1,091,855
70$1,490,376$482,798$304,795$1,127,610
71$1,580,495$444,555$253,106$1,166,174
72$1,677,856$402,489$197,736$1,207,865
73$1,783,137$356,351$138,500$1,253,036
74$1,897,082$305,877$75,205$1,302,078
75$2,020,509$250,790$7,649$1,355,429
76$2,154,319$190,796$0$1,413,573
77$2,299,500$125,586$0$1,496,300
78$2,457,141$54,831$0$1,588,645
79$2,628,439$0$0$1,689,051
80$2,814,710$0$0$1,801,443
81$3,017,404$0$0$1,932,328
82$3,238,113$0$0$2,074,899
83$3,478,592$0$0$2,230,294
84$3,740,771$0$0$2,399,768
85$4,026,774$0$0$2,584,701
86$4,338,939$0$0$2,786,611
87$4,679,841$0$0$3,007,173
88$5,052,312$0$0$3,248,225
89$5,459,471$0$0$3,511,797
90$5,904,753$0$0$3,800,118
91$6,391,939$0$0$4,115,647
92$6,925,192$0$0$4,461,089
93$7,509,098$0$0$4,839,425
94$8,148,704$0$0$5,253,934
95$8,849,570$0$0$5,708,232
96$9,617,821$0$0$6,206,297
97$10,460,199$0$0$6,752,513
98$11,384,133$0$0$7,351,709
99$12,397,803$0$0$8,009,201
100$13,510,221$0$0$8,730,848