Can I retire at age 57 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$52,273$51,807$51,353$50,909$50,476$49,846
2 years$25,877$25,396$24,928$24,476$24,036$23,402
3 years$17,080$16,596$16,130$15,682$15,250$14,631
4 years$12,683$12,200$11,739$11,298$10,876$10,278
5 years$10,045$9,565$9,110$8,678$8,268$7,692
6 years$8,287$7,811$7,362$6,940$6,542$5,989
7 years$7,031$6,559$6,118$5,706$5,320$4,791
8 years$6,090$5,622$5,188$4,786$4,414$3,907
9 years$5,359$4,895$4,469$4,077$3,717$3,233
10 years$4,774$4,315$3,896$3,514$3,167$2,706
11 years$4,296$3,841$3,430$3,058$2,724$2,285
12 years$3,897$3,448$3,044$2,683$2,360$1,943
13 years$3,561$3,116$2,720$2,368$2,058$1,662
14 years$3,272$2,832$2,444$2,102$1,804$1,429
15 years$3,023$2,587$2,206$1,875$1,589$1,233
16 years$2,804$2,374$2,000$1,679$1,404$1,068
17 years$2,612$2,186$1,820$1,508$1,245$928
18 years$2,441$2,020$1,662$1,359$1,107$808
19 years$2,289$1,872$1,521$1,228$987$705
20 years$2,151$1,740$1,396$1,112$881$616
21 years$2,027$1,621$1,284$1,010$789$539
22 years$1,915$1,513$1,183$918$707$473
23 years$1,812$1,415$1,093$836$635$415
24 years$1,718$1,326$1,011$763$570$364
25 years$1,632$1,244$936$696$513$320
26 years$1,552$1,169$868$637$462$282
27 years$1,479$1,100$806$583$417$248
28 years$1,411$1,037$749$534$376$219
29 years$1,348$978$697$490$340$193
30 years$1,289$924$650$449$307$170
31 years$1,233$873$606$413$277$150
32 years$1,182$826$565$379$251$132
33 years$1,134$782$528$349$227$117
34 years$1,088$742$493$321$206$103
35 years$1,046$703$461$295$186$91
36 years$1,005$668$431$272$169$81
37 years$967$634$403$251$153$71
38 years$932$603$378$231$139$63
39 years$898$573$354$213$126$56
40 years$865$545$332$197$114$49
41 years$835$519$311$181$103$43
42 years$806$494$292$167$94$38
43 years$778$471$274$154$85$34
44 years$752$449$257$143$77$30
45 years$727$428$241$132$70$27
46 years$703$408$227$122$64$24
47 years$680$390$213$112$58$21
48 years$659$372$200$104$53$18
49 years$638$355$188$96$48$16
50 years$618$339$177$89$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $633,000, adding $5,555 every year, while hoping to spend $27,690 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: 44/43/13 Blend
56$633,000$633,000$633,000$633,000
57$703,296$669,747$659,935$731,380
58$745,570$673,103$652,581$754,877
59$791,228$675,695$644,053$777,105
60$840,586$677,456$634,281$800,587
61$893,992$678,317$623,195$825,450
62$951,825$678,201$610,719$851,835
63$1,014,508$677,029$596,774$879,900
64$1,082,500$674,716$581,278$909,819
65$1,156,309$671,172$564,146$941,786
66$1,236,494$666,301$545,286$976,016
67$1,323,669$660,001$524,605$1,012,749
68$1,418,508$652,167$502,005$1,052,250
69$1,521,756$642,683$477,381$1,094,816
70$1,634,229$631,428$450,628$1,140,773
71$1,756,828$618,276$421,632$1,190,485
72$1,890,544$603,091$390,276$1,244,356
73$2,036,466$585,728$356,436$1,302,833
74$2,195,794$566,037$319,985$1,366,413
75$2,369,849$543,857$280,789$1,435,645
76$2,560,085$519,018$238,707$1,511,139
77$2,768,104$491,340$193,594$1,593,571
78$2,995,667$460,633$145,296$1,683,689
79$3,244,717$426,695$93,655$1,782,323
80$3,517,389$389,314$38,503$1,890,391
81$3,816,038$348,266$0$2,008,908
82$4,143,255$303,312$0$2,141,824
83$4,501,895$254,202$0$2,293,444
84$4,895,100$200,671$0$2,459,826
85$5,326,334$142,438$0$2,642,523
86$5,799,410$79,207$0$2,843,249
87$6,318,528$10,666$0$3,063,901
88$6,888,315$0$0$3,306,572
89$7,513,867$0$0$3,603,631
90$8,200,798$0$0$3,935,460
91$8,955,293$0$0$4,300,009
92$9,784,163$0$0$4,700,581
93$10,694,913$0$0$5,140,814
94$11,695,813$0$0$5,624,714
95$12,795,970$0$0$6,156,698
96$14,005,419$0$0$6,741,630
97$15,335,216$0$0$7,384,869
98$16,797,542$0$0$8,092,319
99$18,405,816$0$0$8,870,486
100$20,174,824$0$0$9,726,537