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%14.3%
1 years$52,107$51,643$51,190$50,748$50,317$49,422
2 years$25,796$25,315$24,850$24,398$23,960$23,062
3 years$17,026$16,544$16,079$15,632$15,201$14,328
4 years$12,642$12,161$11,702$11,262$10,842$9,999
5 years$10,013$9,535$9,081$8,650$8,242$7,432
6 years$8,260$7,786$7,339$6,918$6,521$5,746
7 years$7,009$6,539$6,099$5,687$5,304$4,563
8 years$6,071$5,605$5,172$4,771$4,400$3,694
9 years$5,342$4,880$4,455$4,064$3,705$3,033
10 years$4,759$4,301$3,884$3,503$3,157$2,519
11 years$4,282$3,829$3,419$3,049$2,715$2,110
12 years$3,885$3,437$3,034$2,674$2,353$1,779
13 years$3,549$3,106$2,711$2,361$2,052$1,509
14 years$3,262$2,823$2,436$2,096$1,799$1,286
15 years$3,013$2,579$2,199$1,869$1,584$1,100
16 years$2,796$2,366$1,994$1,674$1,400$944
17 years$2,604$2,179$1,814$1,504$1,241$812
18 years$2,434$2,014$1,656$1,355$1,103$701
19 years$2,281$1,866$1,516$1,224$984$605
20 years$2,145$1,734$1,392$1,109$879$524
21 years$2,021$1,615$1,280$1,006$786$454
22 years$1,909$1,508$1,180$915$705$394
23 years$1,806$1,410$1,089$833$633$343
24 years$1,713$1,321$1,007$760$569$298
25 years$1,627$1,240$933$694$512$259
26 years$1,548$1,165$865$635$461$226
27 years$1,474$1,097$804$581$415$197
28 years$1,406$1,034$747$532$375$172
29 years$1,343$975$695$488$339$150
30 years$1,284$921$648$448$306$131
31 years$1,230$870$604$411$277$114
32 years$1,178$824$563$378$250$100
33 years$1,130$780$526$348$226$87
34 years$1,085$739$491$320$205$76
35 years$1,042$701$459$295$186$66
36 years$1,002$666$430$271$168$58
37 years$964$632$402$250$152$51
38 years$929$601$377$230$138$44
39 years$895$571$353$212$125$39
40 years$863$543$331$196$114$34
41 years$832$517$310$181$103$30
42 years$803$493$291$167$94$26
43 years$776$469$273$154$85$23
44 years$750$447$256$142$77$20
45 years$725$427$241$131$70$17
46 years$701$407$226$121$64$15
47 years$678$388$212$112$58$13
48 years$657$371$200$104$52$12
49 years$636$354$188$96$48$10
50 years$616$338$176$88$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $631,000, adding $4,997 every year, while hoping to spend $43,637 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: 60/31/9 Blend
56$631,000$631,000$631,000$631,000
57$700,516$667,073$657,293$740,836
58$725,540$653,331$632,883$754,738
59$751,653$637,452$606,192$764,474
60$778,921$619,286$577,099$774,010
61$807,414$598,675$545,475$783,329
62$837,208$575,448$511,187$792,414
63$868,386$549,427$474,094$801,248
64$901,036$520,424$434,051$809,816
65$935,255$488,238$390,905$818,101
66$971,147$452,657$344,496$826,090
67$1,008,825$413,459$294,658$833,769
68$1,048,413$370,407$241,217$841,128
69$1,090,045$323,250$183,992$848,155
70$1,133,867$271,726$122,792$854,846
71$1,180,036$215,555$57,420$861,194
72$1,228,725$154,443$0$867,201
73$1,280,123$88,079$0$874,054
74$1,334,435$16,134$0$886,537
75$1,391,884$0$0$899,167
76$1,452,716$0$0$933,045
77$1,517,196$0$0$974,813
78$1,585,617$0$0$1,019,160
79$1,658,297$0$0$1,066,295
80$1,735,585$0$0$1,116,447
81$1,817,863$0$0$1,169,870
82$1,905,549$0$0$1,226,836
83$1,999,101$0$0$1,287,649
84$2,099,019$0$0$1,352,639
85$2,205,852$0$0$1,422,168
86$2,320,204$0$0$1,496,632
87$2,442,735$0$0$1,576,469
88$2,574,168$0$0$1,662,155
89$2,715,300$0$0$1,754,214
90$2,867,001$0$0$1,853,223
91$3,030,231$0$0$1,959,814
92$3,206,040$0$0$2,074,680
93$3,395,583$0$0$2,198,584
94$3,600,129$0$0$2,332,363
95$3,821,073$0$0$2,476,937
96$4,059,945$0$0$2,633,318
97$4,318,429$0$0$2,802,618
98$4,598,376$0$0$2,986,058
99$4,901,822$0$0$3,184,983
100$5,231,002$0$0$3,400,870