Can I retire at age 57 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$51,942$51,480$51,028$50,588$50,157$48,513
2 years$25,714$25,235$24,771$24,321$23,884$22,243
3 years$16,972$16,491$16,028$15,583$15,153$13,567
4 years$12,602$12,123$11,665$11,226$10,807$9,288
5 years$9,981$9,505$9,052$8,623$8,216$6,768
6 years$8,234$7,761$7,316$6,896$6,501$5,125
7 years$6,987$6,518$6,079$5,669$5,287$3,983
8 years$6,052$5,587$5,156$4,756$4,386$3,154
9 years$5,325$4,864$4,441$4,051$3,694$2,531
10 years$4,744$4,288$3,871$3,492$3,147$2,052
11 years$4,269$3,817$3,408$3,039$2,707$1,678
12 years$3,873$3,426$3,025$2,666$2,346$1,380
13 years$3,538$3,096$2,702$2,353$2,045$1,141
14 years$3,252$2,814$2,428$2,089$1,793$947
15 years$3,004$2,571$2,192$1,863$1,579$789
16 years$2,787$2,359$1,988$1,668$1,395$659
17 years$2,596$2,172$1,809$1,499$1,237$552
18 years$2,426$2,007$1,651$1,351$1,100$463
19 years$2,274$1,860$1,511$1,221$980$389
20 years$2,138$1,729$1,387$1,105$876$327
21 years$2,015$1,610$1,276$1,003$784$275
22 years$1,903$1,503$1,176$912$702$232
23 years$1,801$1,406$1,086$831$631$196
24 years$1,707$1,317$1,004$758$567$165
25 years$1,622$1,236$930$692$510$139
26 years$1,543$1,162$863$633$459$118
27 years$1,470$1,093$801$579$414$99
28 years$1,402$1,030$745$531$374$84
29 years$1,339$972$693$487$337$71
30 years$1,280$918$645$447$305$60
31 years$1,226$868$602$410$276$51
32 years$1,174$821$561$377$249$43
33 years$1,126$778$524$347$226$36
34 years$1,081$737$490$319$204$31
35 years$1,039$699$458$294$185$26
36 years$999$663$428$270$168$22
37 years$961$630$401$249$152$19
38 years$926$599$375$230$138$16
39 years$892$569$352$212$125$13
40 years$860$542$330$195$113$11
41 years$830$516$309$180$103$10
42 years$801$491$290$166$93$8
43 years$773$468$272$153$85$7
44 years$747$446$255$142$77$6
45 years$722$425$240$131$70$5
46 years$699$406$225$121$63$4
47 years$676$387$212$112$58$4
48 years$655$370$199$103$52$3
49 years$634$353$187$95$47$3
50 years$614$337$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $629,000, adding $2,678 every year, while hoping to spend $28,551 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: 62/20/18 Blend
56$629,000$629,000$629,000$629,000
57$695,920$662,583$652,834$735,719
58$736,526$664,672$644,326$764,938
59$780,317$665,906$634,576$793,379
60$827,587$666,213$623,512$823,760
61$878,661$665,518$611,060$856,274
62$933,894$663,738$597,140$891,131
63$993,678$660,787$581,670$928,566
64$1,058,442$656,575$564,565$968,838
65$1,128,659$651,003$545,734$1,012,233
66$1,204,850$643,970$525,084$1,059,066
67$1,287,585$635,365$502,515$1,109,688
68$1,377,495$625,074$477,925$1,164,484
69$1,475,271$612,974$451,207$1,223,882
70$1,581,673$598,935$422,248$1,288,355
71$1,697,541$582,819$390,930$1,358,423
72$1,823,795$564,482$357,131$1,434,663
73$1,961,449$543,769$320,722$1,517,712
74$2,111,621$520,518$281,570$1,608,274
75$2,275,538$494,555$239,535$1,707,127
76$2,454,554$465,699$194,470$1,815,128
77$2,650,157$433,757$146,223$1,933,227
78$2,863,987$398,525$94,635$2,062,472
79$3,097,847$359,786$39,540$2,204,019
80$3,353,727$317,315$0$2,359,146
81$3,633,812$270,869$0$2,532,963
82$3,940,514$220,194$0$2,731,674
83$4,276,485$165,022$0$2,949,432
84$4,644,647$105,069$0$3,188,175
85$5,048,219$40,035$0$3,450,038
86$5,490,744$0$0$3,737,375
87$5,976,126$0$0$4,059,475
88$6,508,665$0$0$4,422,582
89$7,093,097$0$0$4,821,120
90$7,734,637$0$0$5,258,654
91$8,439,034$0$0$5,739,108
92$9,212,616$0$0$6,266,806
93$10,062,357$0$0$6,846,513
94$10,995,937$0$0$7,483,475
95$12,021,821$0$0$8,183,474
96$13,149,330$0$0$8,952,879
97$14,388,735$0$0$9,798,705
98$15,751,353$0$0$10,728,684
99$17,249,648$0$0$11,751,331
100$18,897,357$0$0$12,876,031