Can I retire at age 57 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$58,218$57,700$57,194$56,700$56,218$54,770
2 years$28,821$28,284$27,764$27,260$26,770$25,321
3 years$19,023$18,484$17,965$17,465$16,984$15,579
4 years$14,125$13,588$13,074$12,583$12,113$10,763
5 years$11,187$10,653$10,146$9,665$9,208$7,917
6 years$9,229$8,699$8,199$7,729$7,286$6,055
7 years$7,831$7,305$6,814$6,354$5,926$4,754
8 years$6,783$6,262$5,779$5,331$4,916$3,804
9 years$5,968$5,452$4,977$4,541$4,140$3,087
10 years$5,317$4,806$4,339$3,914$3,527$2,531
11 years$4,784$4,278$3,820$3,406$3,034$2,093
12 years$4,341$3,840$3,390$2,988$2,629$1,743
13 years$3,966$3,470$3,029$2,638$2,292$1,459
14 years$3,645$3,154$2,722$2,342$2,010$1,226
15 years$3,366$2,882$2,457$2,088$1,769$1,034
16 years$3,123$2,644$2,228$1,870$1,564$875
17 years$2,909$2,435$2,027$1,680$1,387$742
18 years$2,719$2,250$1,851$1,514$1,233$631
19 years$2,549$2,085$1,694$1,368$1,099$537
20 years$2,396$1,938$1,555$1,239$982$458
21 years$2,258$1,805$1,430$1,124$878$391
22 years$2,133$1,685$1,318$1,022$787$334
23 years$2,018$1,576$1,217$931$707$286
24 years$1,914$1,476$1,126$849$635$245
25 years$1,818$1,385$1,042$776$572$210
26 years$1,729$1,302$967$709$515$180
27 years$1,647$1,225$898$649$464$154
28 years$1,571$1,155$835$595$419$132
29 years$1,501$1,089$777$545$378$113
30 years$1,435$1,029$723$501$342$97
31 years$1,374$973$674$460$309$84
32 years$1,316$920$629$422$279$72
33 years$1,263$871$588$388$253$62
34 years$1,212$826$549$357$229$53
35 years$1,164$783$513$329$207$45
36 years$1,120$744$480$303$188$39
37 years$1,077$706$449$279$170$34
38 years$1,037$671$421$257$154$29
39 years$1,000$638$394$237$140$25
40 years$964$607$370$219$127$21
41 years$930$578$347$202$115$18
42 years$898$550$325$186$105$16
43 years$867$524$305$172$95$14
44 years$838$500$286$159$86$12
45 years$810$477$269$147$78$10
46 years$783$455$253$136$71$9
47 years$758$434$237$125$64$7
48 years$734$414$223$116$59$6
49 years$710$396$210$107$53$5
50 years$688$378$197$99$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $705,000, adding $3,277 every year, while hoping to spend $37,286 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: 44/31/25 Blend
56$705,000$705,000$705,000$705,000
57$780,290$742,925$731,998$808,838
58$820,208$739,657$716,848$826,162
59$862,947$734,978$699,940$841,081
60$908,757$728,781$681,178$856,519
61$957,910$720,951$660,457$872,543
62$1,010,705$711,366$637,670$889,232
63$1,067,470$699,896$612,706$906,673
64$1,128,566$686,405$585,445$924,967
65$1,194,389$670,748$555,767$944,226
66$1,265,373$652,771$523,541$964,578
67$1,341,996$632,311$488,634$986,169
68$1,424,782$609,197$450,906$1,009,158
69$1,514,308$583,246$410,210$1,033,731
70$1,611,208$554,266$366,393$1,060,091
71$1,716,179$522,053$319,294$1,088,469
72$1,829,987$486,391$268,748$1,119,123
73$1,953,474$447,052$214,579$1,152,343
74$2,087,566$403,796$156,606$1,188,453
75$2,233,284$356,368$94,638$1,227,815
76$2,391,747$304,498$28,477$1,270,834
77$2,564,190$247,903$0$1,317,962
78$2,751,970$186,282$0$1,380,941
79$2,956,579$119,318$0$1,457,935
80$3,179,661$46,676$0$1,542,025
81$3,423,025$0$0$1,633,974
82$3,688,662$0$0$1,745,540
83$3,978,764$0$0$1,884,849
84$4,295,742$0$0$2,037,148
85$4,642,253$0$0$2,203,723
86$5,021,222$0$0$2,385,990
87$5,435,867$0$0$2,585,509
88$5,889,734$0$0$2,803,997
89$6,386,726$0$0$3,043,347
90$6,931,144$0$0$3,305,640
91$7,527,721$0$0$3,593,172
92$8,181,671$0$0$3,908,468
93$8,898,736$0$0$4,254,311
94$9,685,242$0$0$4,633,766
95$10,548,156$0$0$5,050,209
96$11,495,149$0$0$5,507,359
97$12,534,675$0$0$6,009,313
98$13,676,044$0$0$6,560,582
99$14,929,511$0$0$7,166,137
100$16,306,375$0$0$7,831,455