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%12.3%
1 years$57,805$57,290$56,788$56,298$55,819$55,282
2 years$28,617$28,084$27,567$27,066$26,580$26,040
3 years$18,888$18,353$17,838$17,342$16,864$16,336
4 years$14,025$13,491$12,981$12,494$12,027$11,516
5 years$11,108$10,577$10,074$9,596$9,143$8,650
6 years$9,164$8,637$8,141$7,674$7,235$6,761
7 years$7,776$7,254$6,765$6,309$5,884$5,429
8 years$6,735$6,218$5,738$5,293$4,881$4,446
9 years$5,926$5,414$4,942$4,508$4,111$3,694
10 years$5,279$4,772$4,308$3,886$3,502$3,105
11 years$4,750$4,248$3,793$3,382$3,012$2,633
12 years$4,310$3,813$3,366$2,967$2,610$2,249
13 years$3,938$3,446$3,008$2,619$2,276$1,933
14 years$3,619$3,132$2,702$2,325$1,995$1,669
15 years$3,343$2,861$2,440$2,073$1,757$1,447
16 years$3,101$2,625$2,212$1,857$1,553$1,260
17 years$2,889$2,418$2,013$1,668$1,377$1,099
18 years$2,700$2,234$1,837$1,503$1,224$962
19 years$2,531$2,070$1,682$1,358$1,091$843
20 years$2,379$1,924$1,544$1,230$975$741
21 years$2,242$1,792$1,420$1,117$872$652
22 years$2,117$1,673$1,309$1,015$782$575
23 years$2,004$1,565$1,208$925$702$507
24 years$1,900$1,466$1,118$843$631$448
25 years$1,805$1,376$1,035$770$568$396
26 years$1,717$1,293$960$704$511$350
27 years$1,635$1,217$891$645$461$310
28 years$1,560$1,147$829$591$416$275
29 years$1,490$1,082$771$542$376$244
30 years$1,425$1,021$718$497$339$216
31 years$1,364$966$670$456$307$192
32 years$1,307$914$625$419$278$170
33 years$1,254$865$583$386$251$151
34 years$1,203$820$545$355$227$134
35 years$1,156$778$510$327$206$119
36 years$1,112$738$477$301$187$106
37 years$1,070$701$446$277$169$94
38 years$1,030$666$418$256$153$84
39 years$993$634$391$236$139$75
40 years$957$603$367$217$126$66
41 years$923$574$344$201$114$59
42 years$891$547$323$185$104$52
43 years$861$521$303$171$94$47
44 years$832$496$284$158$86$42
45 years$804$473$267$146$78$37
46 years$778$452$251$135$70$33
47 years$753$431$236$124$64$29
48 years$728$411$221$115$58$26
49 years$705$393$208$106$53$23
50 years$683$375$196$98$48$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $700,000, adding $4,926 every year, while hoping to spend $33,000 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: 36/44/20 Blend
56$700,000$700,000$700,000$700,000
57$776,481$739,381$728,531$799,572
58$820,571$740,499$717,825$817,978
59$868,051$740,566$705,655$834,401
60$919,234$739,495$691,935$851,450
61$974,460$737,195$676,580$869,200
62$1,034,106$733,568$659,496$887,737
63$1,098,583$728,511$640,588$907,155
64$1,168,345$721,916$619,754$927,565
65$1,243,891$713,664$596,891$949,088
66$1,325,769$703,634$571,888$971,862
67$1,414,581$691,696$544,629$996,042
68$1,510,989$677,710$514,995$1,021,804
69$1,615,723$661,530$482,860$1,049,342
70$1,729,584$643,003$448,093$1,078,876
71$1,853,454$621,962$410,557$1,110,652
72$1,988,303$598,236$370,108$1,144,945
73$2,135,200$571,639$326,596$1,182,063
74$2,295,319$541,978$279,866$1,222,350
75$2,469,953$509,047$229,753$1,266,191
76$2,660,527$472,628$176,088$1,314,015
77$2,868,606$432,492$118,692$1,366,301
78$3,095,915$388,396$57,380$1,423,582
79$3,344,353$340,082$0$1,486,454
80$3,616,010$287,280$0$1,557,296
81$3,913,189$229,702$0$1,648,306
82$4,238,422$167,045$0$1,748,093
83$4,594,501$98,990$0$1,857,616
84$4,984,499$25,199$0$1,977,936
85$5,411,799$0$0$2,110,232
86$5,880,128$0$0$2,282,286
87$6,393,591$0$0$2,484,397
88$6,956,709$0$0$2,706,157
89$7,574,461$0$0$2,949,539
90$8,252,330$0$0$3,216,718
91$8,996,358$0$0$3,510,089
92$9,813,199$0$0$3,832,289
93$10,710,183$0$0$4,186,225
94$11,695,385$0$0$4,575,099
95$12,777,699$0$0$5,002,437
96$13,966,925$0$0$5,472,125
97$15,273,858$0$0$5,988,443
98$16,710,390$0$0$6,556,107
99$18,289,625$0$0$7,180,314
100$20,025,997$0$0$7,866,788