Can I retire at age 57 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$57,805$57,290$56,788$56,298$55,819$54,054
2 years$28,617$28,084$27,567$27,066$26,580$24,818
3 years$18,888$18,353$17,838$17,342$16,864$15,159
4 years$14,025$13,491$12,981$12,494$12,027$10,394
5 years$11,108$10,577$10,074$9,596$9,143$7,585
6 years$9,164$8,637$8,141$7,674$7,235$5,754
7 years$7,776$7,254$6,765$6,309$5,884$4,480
8 years$6,735$6,218$5,738$5,293$4,881$3,553
9 years$5,926$5,414$4,942$4,508$4,111$2,857
10 years$5,279$4,772$4,308$3,886$3,502$2,321
11 years$4,750$4,248$3,793$3,382$3,012$1,901
12 years$4,310$3,813$3,366$2,967$2,610$1,567
13 years$3,938$3,446$3,008$2,619$2,276$1,298
14 years$3,619$3,132$2,702$2,325$1,995$1,080
15 years$3,343$2,861$2,440$2,073$1,757$901
16 years$3,101$2,625$2,212$1,857$1,553$755
17 years$2,889$2,418$2,013$1,668$1,377$633
18 years$2,700$2,234$1,837$1,503$1,224$532
19 years$2,531$2,070$1,682$1,358$1,091$448
20 years$2,379$1,924$1,544$1,230$975$378
21 years$2,242$1,792$1,420$1,117$872$319
22 years$2,117$1,673$1,309$1,015$782$269
23 years$2,004$1,565$1,208$925$702$228
24 years$1,900$1,466$1,118$843$631$192
25 years$1,805$1,376$1,035$770$568$163
26 years$1,717$1,293$960$704$511$138
27 years$1,635$1,217$891$645$461$117
28 years$1,560$1,147$829$591$416$99
29 years$1,490$1,082$771$542$376$84
30 years$1,425$1,021$718$497$339$71
31 years$1,364$966$670$456$307$60
32 years$1,307$914$625$419$278$51
33 years$1,254$865$583$386$251$43
34 years$1,203$820$545$355$227$37
35 years$1,156$778$510$327$206$31
36 years$1,112$738$477$301$187$26
37 years$1,070$701$446$277$169$22
38 years$1,030$666$418$256$153$19
39 years$993$634$391$236$139$16
40 years$957$603$367$217$126$14
41 years$923$574$344$201$114$12
42 years$891$547$323$185$104$10
43 years$861$521$303$171$94$8
44 years$832$496$284$158$86$7
45 years$804$473$267$146$78$6
46 years$778$452$251$135$70$5
47 years$753$431$236$124$64$4
48 years$728$411$221$115$58$4
49 years$705$393$208$106$53$3
50 years$683$375$196$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $700,000, adding $6,099 every year, while hoping to spend $28,275 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: 85/8/7 Blend
56$700,000$700,000$700,000$700,000
57$777,691$740,591$729,741$842,822
58$826,931$746,796$724,103$892,440
59$880,246$752,357$717,328$942,444
60$938,022$757,213$709,349$996,484
61$1,000,682$761,298$700,095$1,054,945
62$1,068,694$764,544$689,490$1,118,253
63$1,142,570$766,876$677,457$1,186,878
64$1,222,875$768,215$663,915$1,261,335
65$1,310,229$768,479$648,777$1,342,193
66$1,405,316$767,578$631,955$1,430,078
67$1,508,887$765,419$613,354$1,525,679
68$1,621,770$761,901$592,878$1,629,757
69$1,744,875$756,918$570,424$1,743,146
70$1,879,204$750,358$545,884$1,866,770
71$2,025,859$742,102$519,148$2,001,643
72$2,186,054$732,023$490,097$2,148,882
73$2,361,127$719,988$458,611$2,309,721
74$2,552,548$705,853$424,560$2,485,516
75$2,761,938$689,469$387,813$2,677,762
76$2,991,080$670,677$348,228$2,888,108
77$3,241,938$649,309$305,662$3,118,368
78$3,516,675$625,184$259,961$3,370,542
79$3,817,673$598,116$210,967$3,646,835
80$4,147,555$567,903$158,515$3,949,675
81$4,509,211$534,335$102,430$4,281,737
82$4,905,822$497,189$42,532$4,645,972
83$5,340,892$456,227$0$5,045,627
84$5,818,281$411,201$0$5,485,881
85$6,342,241$361,846$0$5,972,577
86$6,917,457$307,883$0$6,506,897
87$7,549,085$249,017$0$7,093,651
88$8,242,811$184,938$0$7,738,134
89$9,004,893$115,315$0$8,446,183
90$9,842,230$39,803$0$9,224,231
91$10,762,418$0$0$10,079,361
92$11,773,828$0$0$11,023,078
93$12,885,682$0$0$12,064,380
94$14,108,139$0$0$13,209,277
95$15,452,392$0$0$14,468,256
96$16,930,773$0$0$15,852,867
97$18,556,870$0$0$17,375,837
98$20,345,653$0$0$19,051,189
99$22,313,614$0$0$20,894,371
100$24,478,928$0$0$22,922,406