Can I retire at age 57 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$52,107$51,643$51,190$50,748$50,317$48,804
2 years$25,796$25,315$24,850$24,398$23,960$22,449
3 years$17,026$16,544$16,079$15,632$15,201$13,739
4 years$12,642$12,161$11,702$11,262$10,842$9,439
5 years$10,013$9,535$9,081$8,650$8,242$6,903
6 years$8,260$7,786$7,339$6,918$6,521$5,248
7 years$7,009$6,539$6,099$5,687$5,304$4,095
8 years$6,071$5,605$5,172$4,771$4,400$3,255
9 years$5,342$4,880$4,455$4,064$3,705$2,624
10 years$4,759$4,301$3,884$3,503$3,157$2,137
11 years$4,282$3,829$3,419$3,049$2,715$1,755
12 years$3,885$3,437$3,034$2,674$2,353$1,450
13 years$3,549$3,106$2,711$2,361$2,052$1,205
14 years$3,262$2,823$2,436$2,096$1,799$1,005
15 years$3,013$2,579$2,199$1,869$1,584$841
16 years$2,796$2,366$1,994$1,674$1,400$706
17 years$2,604$2,179$1,814$1,504$1,241$594
18 years$2,434$2,014$1,656$1,355$1,103$501
19 years$2,281$1,866$1,516$1,224$984$423
20 years$2,145$1,734$1,392$1,109$879$358
21 years$2,021$1,615$1,280$1,006$786$303
22 years$1,909$1,508$1,180$915$705$257
23 years$1,806$1,410$1,089$833$633$218
24 years$1,713$1,321$1,007$760$569$185
25 years$1,627$1,240$933$694$512$157
26 years$1,548$1,165$865$635$461$133
27 years$1,474$1,097$804$581$415$113
28 years$1,406$1,034$747$532$375$96
29 years$1,343$975$695$488$339$82
30 years$1,284$921$648$448$306$70
31 years$1,230$870$604$411$277$59
32 years$1,178$824$563$378$250$50
33 years$1,130$780$526$348$226$43
34 years$1,085$739$491$320$205$36
35 years$1,042$701$459$295$186$31
36 years$1,002$666$430$271$168$26
37 years$964$632$402$250$152$23
38 years$929$601$377$230$138$19
39 years$895$571$353$212$125$16
40 years$863$543$331$196$114$14
41 years$832$517$310$181$103$12
42 years$803$493$291$167$94$10
43 years$776$469$273$154$85$9
44 years$750$447$256$142$77$7
45 years$725$427$241$131$70$6
46 years$701$407$226$121$64$5
47 years$678$388$212$112$58$5
48 years$657$371$200$104$52$4
49 years$636$354$188$96$48$3
50 years$616$338$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $631,000, adding $6,392 every year, while hoping to spend $25,890 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: 65/11/24 Blend
56$631,000$631,000$631,000$631,000
57$701,955$668,512$658,732$742,816
58$746,008$673,723$653,253$776,335
59$793,686$678,321$646,722$809,467
60$845,333$682,249$639,078$845,090
61$901,324$685,446$630,254$883,451
62$962,074$687,848$620,182$924,821
63$1,028,038$689,385$608,791$969,501
64$1,099,717$689,984$596,005$1,017,823
65$1,177,662$689,567$581,745$1,070,154
66$1,262,480$688,052$565,930$1,126,897
67$1,354,837$685,351$548,472$1,188,499
68$1,455,467$681,370$529,283$1,255,452
69$1,565,178$676,010$508,267$1,328,302
70$1,684,859$669,168$485,327$1,407,647
71$1,815,489$660,731$460,360$1,494,151
72$1,958,144$650,582$433,257$1,588,545
73$2,114,011$638,597$403,907$1,691,636
74$2,284,394$624,642$372,192$1,804,315
75$2,470,731$608,579$337,990$1,927,565
76$2,674,605$590,258$301,171$2,062,470
77$2,897,757$569,523$261,603$2,210,228
78$3,142,106$546,208$219,145$2,372,158
79$3,409,766$520,137$173,651$2,549,719
80$3,703,062$491,124$124,968$2,744,517
81$4,024,558$458,972$72,938$2,958,326
82$4,377,076$423,475$17,395$3,193,102
83$4,763,724$384,411$0$3,451,004
84$5,187,926$341,549$0$3,745,138
85$5,653,453$294,644$0$4,072,856
86$6,164,459$243,435$0$4,432,643
87$6,725,520$187,650$0$4,827,746
88$7,341,676$126,998$0$5,261,741
89$8,018,480$61,173$0$5,738,569
90$8,762,048$0$0$6,262,576
91$9,579,119$0$0$6,839,775
92$10,477,117$0$0$7,482,326
93$11,464,220$0$0$8,188,681
94$12,549,438$0$0$8,965,294
95$13,742,698$0$0$9,819,274
96$15,054,937$0$0$10,758,456
97$16,498,205$0$0$11,791,468
98$18,085,777$0$0$12,927,821
99$19,832,282$0$0$14,177,992
100$21,753,835$0$0$15,553,522