Can I retire at age 57 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$52,355$51,889$51,434$50,990$50,556$49,314
2 years$25,918$25,436$24,968$24,514$24,074$22,830
3 years$17,107$16,622$16,156$15,707$15,274$14,067
4 years$12,703$12,219$11,757$11,316$10,893$9,733
5 years$10,060$9,580$9,124$8,692$8,281$7,171
6 years$8,300$7,823$7,374$6,951$6,552$5,493
7 years$7,042$6,570$6,128$5,715$5,329$4,321
8 years$6,100$5,631$5,197$4,794$4,421$3,463
9 years$5,367$4,903$4,476$4,083$3,723$2,815
10 years$4,781$4,322$3,902$3,520$3,172$2,313
11 years$4,302$3,848$3,435$3,063$2,728$1,916
12 years$3,904$3,453$3,049$2,687$2,364$1,598
13 years$3,566$3,121$2,724$2,372$2,062$1,341
14 years$3,278$2,837$2,447$2,106$1,807$1,129
15 years$3,027$2,591$2,210$1,878$1,591$955
16 years$2,809$2,378$2,003$1,681$1,406$809
17 years$2,616$2,190$1,823$1,511$1,247$688
18 years$2,445$2,023$1,664$1,362$1,109$586
19 years$2,292$1,875$1,524$1,230$988$500
20 years$2,155$1,743$1,398$1,114$883$427
21 years$2,031$1,623$1,286$1,011$790$366
22 years$1,918$1,515$1,185$919$708$313
23 years$1,815$1,417$1,094$837$636$269
24 years$1,721$1,328$1,012$764$571$230
25 years$1,635$1,246$937$697$514$198
26 years$1,555$1,171$869$638$463$170
27 years$1,481$1,102$807$584$417$146
28 years$1,413$1,038$751$535$377$126
29 years$1,350$980$698$490$340$108
30 years$1,291$925$651$450$307$93
31 years$1,235$875$607$413$278$80
32 years$1,184$828$566$380$251$69
33 years$1,135$784$528$349$227$59
34 years$1,090$743$494$321$206$51
35 years$1,047$705$462$296$187$44
36 years$1,007$669$432$273$169$38
37 years$969$635$404$251$153$33
38 years$933$604$378$231$139$28
39 years$899$574$355$213$126$24
40 years$867$546$332$197$114$21
41 years$836$520$312$182$104$18
42 years$807$495$292$168$94$16
43 years$780$472$274$155$85$13
44 years$753$450$257$143$77$12
45 years$728$429$242$132$70$10
46 years$704$409$227$122$64$9
47 years$682$390$213$113$58$7
48 years$660$373$200$104$53$6
49 years$639$356$188$96$48$5
50 years$619$340$177$89$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $634,000, adding $6,450 every year, while hoping to spend $43,101 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: 45/34/21 Blend
56$634,000$634,000$634,000$634,000
57$705,321$671,719$661,892$732,535
58$731,405$658,774$638,206$739,367
59$758,704$643,751$612,283$742,020
60$787,298$626,501$584,000$744,013
61$817,272$606,868$553,234$745,305
62$848,718$584,689$519,851$745,853
63$881,735$559,787$483,714$745,616
64$916,434$531,978$444,680$744,550
65$952,932$501,067$402,599$742,613
66$991,358$466,846$357,312$739,759
67$1,031,852$429,096$308,658$735,945
68$1,074,566$387,588$256,464$731,128
69$1,119,668$342,076$200,551$725,264
70$1,167,338$292,301$140,733$718,310
71$1,217,775$237,992$76,816$710,225
72$1,271,194$178,860$8,596$700,970
73$1,327,832$114,600$0$690,507
74$1,387,947$44,892$0$693,188
75$1,451,820$0$0$697,586
76$1,519,762$0$0$713,249
77$1,592,109$0$0$747,853
78$1,669,231$0$0$784,786
79$1,751,534$0$0$824,246
80$1,839,461$0$0$866,452
81$1,933,498$0$0$911,644
82$2,034,179$0$0$960,086
83$2,142,089$0$0$1,012,066
84$2,257,869$0$0$1,067,900
85$2,382,223$0$0$1,127,936
86$2,515,924$0$0$1,192,556
87$2,659,820$0$0$1,262,178
88$2,814,842$0$0$1,337,264
89$2,982,014$0$0$1,418,318
90$3,162,459$0$0$1,505,896
91$3,357,412$0$0$1,600,609
92$3,568,231$0$0$1,703,127
93$3,796,406$0$0$1,814,189
94$4,043,578$0$0$1,934,605
95$4,311,550$0$0$2,065,269
96$4,602,304$0$0$2,207,159
97$4,918,020$0$0$2,361,357
98$5,261,098$0$0$2,529,048
99$5,634,175$0$0$2,711,539
100$6,040,153$0$0$2,910,267