Can I retire at age 57 with 628,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$51,860$51,398$50,947$50,507$50,078$48,339
2 years$25,673$25,195$24,732$24,282$23,846$22,113
3 years$16,945$16,465$16,003$15,558$15,129$13,455
4 years$12,582$12,104$11,646$11,209$10,790$9,189
5 years$9,965$9,489$9,038$8,609$8,203$6,677
6 years$8,221$7,749$7,304$6,885$6,490$5,043
7 years$6,976$6,507$6,070$5,660$5,278$3,908
8 years$6,042$5,578$5,147$4,748$4,379$3,085
9 years$5,316$4,857$4,434$4,045$3,688$2,468
10 years$4,736$4,281$3,865$3,486$3,142$1,995
11 years$4,262$3,811$3,403$3,034$2,702$1,626
12 years$3,867$3,421$3,020$2,661$2,342$1,333
13 years$3,533$3,091$2,698$2,350$2,042$1,098
14 years$3,247$2,810$2,424$2,086$1,790$909
15 years$2,999$2,567$2,189$1,860$1,576$754
16 years$2,782$2,355$1,984$1,666$1,393$628
17 years$2,591$2,169$1,806$1,496$1,235$524
18 years$2,422$2,004$1,648$1,349$1,098$437
19 years$2,271$1,857$1,509$1,219$979$366
20 years$2,134$1,726$1,385$1,104$874$307
21 years$2,011$1,608$1,274$1,002$782$257
22 years$1,900$1,501$1,174$911$701$216
23 years$1,798$1,404$1,084$829$630$181
24 years$1,705$1,315$1,003$756$566$152
25 years$1,619$1,234$929$691$509$128
26 years$1,540$1,160$861$632$459$108
27 years$1,467$1,092$800$578$414$91
28 years$1,400$1,029$743$530$373$76
29 years$1,337$970$692$486$337$64
30 years$1,278$916$644$446$304$54
31 years$1,224$866$601$409$275$46
32 years$1,173$820$561$376$249$38
33 years$1,125$776$523$346$225$32
34 years$1,080$736$489$318$204$27
35 years$1,037$698$457$293$185$23
36 years$997$662$428$270$167$19
37 years$960$629$400$249$152$16
38 years$924$598$375$229$138$14
39 years$890$569$351$211$125$12
40 years$859$541$329$195$113$10
41 years$828$515$309$180$103$8
42 years$800$490$290$166$93$7
43 years$772$467$272$153$85$6
44 years$746$445$255$141$77$5
45 years$721$425$239$131$70$4
46 years$698$405$225$121$63$4
47 years$675$387$211$112$57$3
48 years$654$369$199$103$52$2
49 years$633$352$187$95$47$2
50 years$613$337$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $628,000, adding $4,900 every year, while hoping to spend $52,245 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: 61/23/16 Blend
56$628,000$628,000$628,000$628,000
57$697,110$663,826$654,092$736,535
58$712,627$640,766$620,416$740,615
59$727,976$614,824$583,861$738,767
60$743,084$585,805$544,275$735,518
61$757,870$553,500$501,499$730,737
62$772,242$517,692$455,369$724,282
63$786,099$478,146$405,711$716,000
64$799,323$434,618$352,345$705,725
65$811,788$386,847$295,082$693,275
66$823,348$334,561$233,725$678,457
67$833,843$277,468$168,069$661,057
68$843,094$215,263$97,898$640,846
69$850,901$147,622$22,989$617,576
70$857,041$74,203$0$590,975
71$861,266$0$0$570,472
72$863,303$0$0$552,202
73$862,844$0$0$551,007
74$859,550$0$0$547,879
75$853,043$0$0$542,562
76$842,907$0$0$534,776
77$828,676$0$0$524,207
78$809,837$0$0$510,508
79$785,821$0$0$493,297
80$755,997$0$0$472,148
81$719,666$0$0$446,590
82$676,056$0$0$416,103
83$624,312$0$0$380,111
84$563,488$0$0$337,978
85$492,538$0$0$288,998
86$410,305$0$0$232,394
87$315,512$0$0$167,304
88$206,746$0$0$92,779
89$82,446$0$0$7,766
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0