Can I retire at age 57 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,860$51,398$50,947$50,507$50,078$49,762
2 years$25,673$25,195$24,732$24,282$23,846$23,528
3 years$16,945$16,465$16,003$15,558$15,129$14,818
4 years$12,582$12,104$11,646$11,209$10,790$10,489
5 years$9,965$9,489$9,038$8,609$8,203$7,911
6 years$8,221$7,749$7,304$6,885$6,490$6,210
7 years$6,976$6,507$6,070$5,660$5,278$5,009
8 years$6,042$5,578$5,147$4,748$4,379$4,120
9 years$5,316$4,857$4,434$4,045$3,688$3,440
10 years$4,736$4,281$3,865$3,486$3,142$2,905
11 years$4,262$3,811$3,403$3,034$2,702$2,476
12 years$3,867$3,421$3,020$2,661$2,342$2,126
13 years$3,533$3,091$2,698$2,350$2,042$1,836
14 years$3,247$2,810$2,424$2,086$1,790$1,594
15 years$2,999$2,567$2,189$1,860$1,576$1,390
16 years$2,782$2,355$1,984$1,666$1,393$1,216
17 years$2,591$2,169$1,806$1,496$1,235$1,067
18 years$2,422$2,004$1,648$1,349$1,098$939
19 years$2,271$1,857$1,509$1,219$979$828
20 years$2,134$1,726$1,385$1,104$874$732
21 years$2,011$1,608$1,274$1,002$782$648
22 years$1,900$1,501$1,174$911$701$574
23 years$1,798$1,404$1,084$829$630$510
24 years$1,705$1,315$1,003$756$566$453
25 years$1,619$1,234$929$691$509$403
26 years$1,540$1,160$861$632$459$359
27 years$1,467$1,092$800$578$414$320
28 years$1,400$1,029$743$530$373$285
29 years$1,337$970$692$486$337$254
30 years$1,278$916$644$446$304$227
31 years$1,224$866$601$409$275$203
32 years$1,173$820$561$376$249$181
33 years$1,125$776$523$346$225$162
34 years$1,080$736$489$318$204$145
35 years$1,037$698$457$293$185$130
36 years$997$662$428$270$167$116
37 years$960$629$400$249$152$104
38 years$924$598$375$229$138$93
39 years$890$569$351$211$125$83
40 years$859$541$329$195$113$75
41 years$828$515$309$180$103$67
42 years$800$490$290$166$93$60
43 years$772$467$272$153$85$54
44 years$746$445$255$141$77$48
45 years$721$425$239$131$70$43
46 years$698$405$225$121$63$39
47 years$675$387$211$112$57$35
48 years$654$369$199$103$52$31
49 years$633$352$187$95$47$28
50 years$613$337$175$88$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $628,000, adding $2,315 every year, while hoping to spend $43,130 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: 83/8/9 Blend
56$628,000$628,000$628,000$628,000
57$694,444$661,160$651,426$751,038
58$719,387$647,667$627,359$774,904
59$745,429$632,067$601,040$795,099
60$772,636$614,212$572,348$815,953
61$801,081$593,943$541,157$837,509
62$830,840$571,095$507,335$859,810
63$861,998$545,492$470,743$882,907
64$894,646$516,945$431,237$906,853
65$928,883$485,259$388,667$931,710
66$964,817$450,224$342,874$957,541
67$1,002,562$411,619$293,695$984,421
68$1,042,247$369,212$240,958$1,012,431
69$1,084,009$322,756$184,482$1,041,657
70$1,127,997$271,990$124,082$1,072,199
71$1,174,375$216,640$59,560$1,104,165
72$1,223,320$156,414$0$1,137,673
73$1,275,026$91,005$0$1,173,748
74$1,329,703$20,090$0$1,217,805
75$1,387,584$0$0$1,264,301
76$1,448,920$0$0$1,318,425
77$1,513,985$0$0$1,377,722
78$1,583,081$0$0$1,440,699
79$1,656,538$0$0$1,507,657
80$1,734,714$0$0$1,578,925
81$1,818,004$0$0$1,654,864
82$1,906,840$0$0$1,735,866
83$2,001,694$0$0$1,822,366
84$2,103,085$0$0$1,914,836
85$2,211,580$0$0$2,013,796
86$2,327,801$0$0$2,119,814
87$2,452,433$0$0$2,233,515
88$2,586,223$0$0$2,355,585
89$2,729,995$0$0$2,486,775
90$2,884,651$0$0$2,627,910
91$3,051,182$0$0$2,779,896
92$3,230,677$0$0$2,943,729
93$3,424,330$0$0$3,120,502
94$3,633,456$0$0$3,311,416
95$3,859,498$0$0$3,517,791
96$4,104,043$0$0$3,741,077
97$4,368,833$0$0$3,982,870
98$4,655,787$0$0$4,244,921
99$4,967,012$0$0$4,529,160
100$5,304,827$0$0$4,837,706