Can I retire at age 57 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$52,438$51,971$51,515$51,070$50,636$50,128
2 years$25,959$25,476$25,007$24,553$24,112$23,601
3 years$17,134$16,649$16,181$15,731$15,298$14,798
4 years$12,723$12,239$11,776$11,334$10,911$10,427
5 years$10,076$9,595$9,139$8,705$8,294$7,828
6 years$8,313$7,835$7,385$6,962$6,563$6,115
7 years$7,053$6,580$6,137$5,724$5,337$4,908
8 years$6,110$5,640$5,205$4,801$4,428$4,016
9 years$5,376$4,911$4,483$4,090$3,729$3,336
10 years$4,789$4,329$3,908$3,525$3,177$2,802
11 years$4,309$3,854$3,441$3,068$2,732$2,375
12 years$3,910$3,459$3,054$2,691$2,368$2,027
13 years$3,572$3,126$2,728$2,376$2,065$1,741
14 years$3,283$2,841$2,451$2,109$1,810$1,502
15 years$3,032$2,595$2,213$1,881$1,594$1,302
16 years$2,813$2,381$2,007$1,684$1,409$1,132
17 years$2,620$2,193$1,826$1,513$1,249$987
18 years$2,449$2,027$1,667$1,364$1,110$863
19 years$2,296$1,878$1,526$1,232$990$757
20 years$2,158$1,745$1,400$1,116$884$664
21 years$2,034$1,626$1,288$1,013$791$584
22 years$1,921$1,517$1,187$921$709$514
23 years$1,818$1,419$1,096$839$637$453
24 years$1,724$1,330$1,014$765$572$400
25 years$1,637$1,248$939$699$515$353
26 years$1,557$1,173$871$639$464$313
27 years$1,484$1,104$809$585$418$277
28 years$1,415$1,040$752$536$377$245
29 years$1,352$981$700$491$341$217
30 years$1,293$927$652$451$308$192
31 years$1,237$876$607$414$278$170
32 years$1,186$829$567$381$252$151
33 years$1,137$785$529$350$228$134
34 years$1,092$744$494$322$206$119
35 years$1,049$706$462$296$187$106
36 years$1,009$670$432$273$169$94
37 years$970$636$405$251$153$83
38 years$934$605$379$232$139$74
39 years$900$575$355$214$126$66
40 years$868$547$333$197$114$58
41 years$838$521$312$182$104$52
42 years$808$496$293$168$94$46
43 years$781$472$275$155$85$41
44 years$754$450$258$143$78$37
45 years$729$429$242$132$70$32
46 years$705$410$227$122$64$29
47 years$683$391$214$113$58$26
48 years$661$373$201$104$53$23
49 years$640$356$189$96$48$20
50 years$620$340$177$89$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $635,000, adding $3,619 every year, while hoping to spend $23,814 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: 63/24/13 Blend
56$635,000$635,000$635,000$635,000
57$703,503$669,848$660,005$745,430
58$749,922$677,333$656,778$781,444
59$800,278$684,386$652,644$817,689
60$854,947$690,961$647,548$856,680
61$914,344$697,010$641,432$898,686
62$978,922$702,479$634,236$944,001
63$1,049,184$707,312$625,895$992,950
64$1,125,681$711,451$616,342$1,045,892
65$1,209,019$714,830$605,508$1,103,222
66$1,299,865$717,384$593,319$1,165,378
67$1,398,956$719,039$579,699$1,232,842
68$1,507,098$719,721$564,568$1,306,144
69$1,625,182$719,348$547,842$1,385,872
70$1,754,189$717,834$529,432$1,472,671
71$1,895,196$715,087$509,248$1,567,257
72$2,049,391$711,012$487,193$1,670,415
73$2,218,082$705,505$463,167$1,783,015
74$2,402,709$698,457$437,065$1,906,015
75$2,604,856$689,752$408,778$2,040,471
76$2,826,270$679,269$378,191$2,187,550
77$3,068,874$666,878$345,185$2,348,538
78$3,334,785$652,440$309,634$2,524,854
79$3,626,334$635,811$271,408$2,718,062
80$3,946,091$616,836$230,371$2,929,888
81$4,296,883$595,352$186,380$3,162,237
82$4,681,828$571,187$139,286$3,417,209
83$5,104,357$544,158$88,934$3,697,119
84$5,568,250$514,071$35,163$4,004,522
85$6,077,674$480,722$0$4,342,235
86$6,637,214$443,895$0$4,716,448
87$7,251,926$403,362$0$5,132,910
88$7,927,376$358,880$0$5,590,544
89$8,669,698$310,195$0$6,093,542
90$9,485,650$257,037$0$6,646,529
91$10,382,675$199,121$0$7,254,601
92$11,368,977$136,146$0$7,923,376
93$12,453,589$67,795$0$8,659,047
94$13,646,469$0$0$9,468,442
95$14,958,585$0$0$10,360,742
96$16,402,023$0$0$11,362,094
97$17,990,097$0$0$12,463,838
98$19,737,480$0$0$13,676,158
99$21,660,336$0$0$15,010,276
100$23,776,477$0$0$16,478,557