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%14.9%
1 years$57,805$57,290$56,788$56,298$55,819$54,692
2 years$28,617$28,084$27,567$27,066$26,580$25,450
3 years$18,888$18,353$17,838$17,342$16,864$15,765
4 years$14,025$13,491$12,981$12,494$12,027$10,969
5 years$11,108$10,577$10,074$9,596$9,143$8,128
6 years$9,164$8,637$8,141$7,674$7,235$6,264
7 years$7,776$7,254$6,765$6,309$5,884$4,957
8 years$6,735$6,218$5,738$5,293$4,881$3,999
9 years$5,926$5,414$4,942$4,508$4,111$3,272
10 years$5,279$4,772$4,308$3,886$3,502$2,707
11 years$4,750$4,248$3,793$3,382$3,012$2,259
12 years$4,310$3,813$3,366$2,967$2,610$1,897
13 years$3,938$3,446$3,008$2,619$2,276$1,603
14 years$3,619$3,132$2,702$2,325$1,995$1,360
15 years$3,343$2,861$2,440$2,073$1,757$1,159
16 years$3,101$2,625$2,212$1,857$1,553$990
17 years$2,889$2,418$2,013$1,668$1,377$849
18 years$2,700$2,234$1,837$1,503$1,224$729
19 years$2,531$2,070$1,682$1,358$1,091$627
20 years$2,379$1,924$1,544$1,230$975$540
21 years$2,242$1,792$1,420$1,117$872$466
22 years$2,117$1,673$1,309$1,015$782$403
23 years$2,004$1,565$1,208$925$702$348
24 years$1,900$1,466$1,118$843$631$301
25 years$1,805$1,376$1,035$770$568$261
26 years$1,717$1,293$960$704$511$226
27 years$1,635$1,217$891$645$461$196
28 years$1,560$1,147$829$591$416$170
29 years$1,490$1,082$771$542$376$148
30 years$1,425$1,021$718$497$339$128
31 years$1,364$966$670$456$307$111
32 years$1,307$914$625$419$278$97
33 years$1,254$865$583$386$251$84
34 years$1,203$820$545$355$227$73
35 years$1,156$778$510$327$206$64
36 years$1,112$738$477$301$187$55
37 years$1,070$701$446$277$169$48
38 years$1,030$666$418$256$153$42
39 years$993$634$391$236$139$36
40 years$957$603$367$217$126$32
41 years$923$574$344$201$114$28
42 years$891$547$323$185$104$24
43 years$861$521$303$171$94$21
44 years$832$496$284$158$86$18
45 years$804$473$267$146$78$16
46 years$778$452$251$135$70$14
47 years$753$431$236$124$64$12
48 years$728$411$221$115$58$10
49 years$705$393$208$106$53$9
50 years$683$375$196$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $700,000, adding $3,692 every year, while hoping to spend $25,198 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: 29/44/27 Blend
56$700,000$700,000$700,000$700,000
57$775,208$738,108$727,258$791,131
58$827,469$747,465$724,811$813,311
59$884,216$756,436$721,437$834,696
60$945,880$764,975$717,079$857,180
61$1,012,935$773,034$711,677$880,876
62$1,085,903$780,561$705,166$905,908
63$1,165,357$787,501$697,482$932,417
64$1,251,930$793,795$688,553$960,557
65$1,346,315$799,380$678,309$990,501
66$1,449,279$804,189$666,672$1,022,441
67$1,561,663$808,151$653,562$1,056,593
68$1,684,393$811,192$638,898$1,093,193
69$1,818,490$813,229$622,590$1,132,507
70$1,965,078$814,179$604,548$1,174,829
71$2,125,391$813,949$584,676$1,220,485
72$2,300,793$812,445$562,875$1,269,838
73$2,492,783$809,563$539,039$1,323,291
74$2,703,010$805,195$513,061$1,381,291
75$2,933,294$799,226$484,825$1,444,335
76$3,185,635$791,534$454,212$1,512,971
77$3,462,239$781,989$421,098$1,587,811
78$3,765,535$770,453$385,352$1,669,531
79$4,098,197$756,782$346,838$1,758,880
80$4,463,170$740,822$305,414$1,856,690
81$4,863,699$722,408$260,932$1,963,880
82$5,303,359$701,369$213,236$2,081,470
83$5,786,087$677,521$162,164$2,210,589
84$6,316,219$650,671$107,548$2,352,485
85$6,898,533$620,613$49,210$2,508,543
86$7,538,292$587,132$0$2,680,292
87$8,241,293$549,997$0$2,873,185
88$9,013,925$508,967$0$3,100,711
89$9,863,224$463,785$0$3,350,807
90$10,796,943$414,180$0$3,625,826
91$11,823,622$359,866$0$3,928,364
92$12,952,673$300,541$0$4,261,290
93$14,194,463$235,884$0$4,627,767
94$15,560,414$165,559$0$5,031,292
95$17,063,113$89,208$0$5,475,719
96$18,716,427$6,456$0$5,965,308
97$20,535,635$0$0$6,504,756
98$22,537,571$0$0$7,139,483
99$24,740,785$0$0$7,841,599
100$27,165,714$0$0$8,614,509