Can I retire at age 57 with 636,000?

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 $636,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$52,520$52,052$51,596$51,151$50,716$49,793
2 years$26,000$25,516$25,047$24,592$24,150$23,225
3 years$17,161$16,675$16,207$15,756$15,322$14,421
4 years$12,743$12,258$11,794$11,351$10,928$10,059
5 years$10,092$9,610$9,153$8,719$8,307$7,473
6 years$8,326$7,848$7,397$6,973$6,573$5,775
7 years$7,065$6,590$6,147$5,733$5,346$4,583
8 years$6,119$5,649$5,213$4,809$4,435$3,708
9 years$5,384$4,919$4,490$4,096$3,735$3,043
10 years$4,796$4,335$3,914$3,531$3,182$2,525
11 years$4,316$3,860$3,446$3,073$2,737$2,114
12 years$3,916$3,464$3,058$2,695$2,372$1,782
13 years$3,578$3,131$2,733$2,380$2,068$1,510
14 years$3,288$2,846$2,455$2,112$1,813$1,286
15 years$3,037$2,600$2,217$1,884$1,596$1,099
16 years$2,818$2,385$2,010$1,687$1,411$943
17 years$2,624$2,197$1,829$1,516$1,251$811
18 years$2,453$2,030$1,669$1,366$1,112$699
19 years$2,299$1,881$1,528$1,234$991$603
20 years$2,162$1,748$1,403$1,118$885$522
21 years$2,037$1,628$1,290$1,014$792$452
22 years$1,924$1,520$1,189$922$710$392
23 years$1,821$1,422$1,098$840$638$340
24 years$1,726$1,332$1,015$766$573$296
25 years$1,640$1,250$940$700$516$257
26 years$1,560$1,175$872$640$465$224
27 years$1,486$1,106$810$586$419$195
28 years$1,418$1,042$753$537$378$170
29 years$1,354$983$701$492$341$148
30 years$1,295$928$653$452$308$129
31 years$1,239$877$608$415$279$112
32 years$1,188$830$568$381$252$98
33 years$1,139$786$530$350$228$86
34 years$1,093$745$495$322$207$75
35 years$1,051$707$463$297$187$65
36 years$1,010$671$433$273$170$57
37 years$972$637$405$252$154$50
38 years$936$605$380$232$139$43
39 years$902$576$356$214$126$38
40 years$870$548$333$197$115$33
41 years$839$521$313$182$104$29
42 years$810$497$293$168$94$25
43 years$782$473$275$155$86$22
44 years$756$451$258$143$78$19
45 years$731$430$243$132$71$17
46 years$707$410$228$122$64$15
47 years$684$392$214$113$58$13
48 years$662$374$201$104$53$11
49 years$641$357$189$96$48$10
50 years$621$341$178$89$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $636,000, adding $4,233 every year, while hoping to spend $34,039 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: 58/16/26 Blend
56$636,000$636,000$636,000$636,000
57$705,238$671,530$661,672$740,937
58$740,955$668,218$647,621$762,507
59$779,175$663,603$631,958$782,038
60$820,116$657,584$614,594$802,619
61$864,019$650,057$595,434$824,360
62$911,148$640,909$574,381$847,386
63$961,793$630,022$551,330$871,832
64$1,016,271$617,268$526,175$897,853
65$1,074,932$602,516$498,803$925,620
66$1,138,159$585,623$469,097$955,322
67$1,206,373$566,440$436,933$987,170
68$1,280,037$544,809$402,184$1,021,399
69$1,359,658$520,563$364,715$1,058,270
70$1,445,797$493,523$324,387$1,098,073
71$1,539,066$463,504$281,052$1,141,129
72$1,640,141$430,306$234,557$1,187,796
73$1,749,765$393,721$184,745$1,238,471
74$1,868,754$353,526$131,446$1,293,593
75$1,998,006$309,488$74,489$1,353,652
76$2,138,509$261,359$13,690$1,419,187
77$2,291,349$208,878$0$1,490,798
78$2,457,723$151,769$0$1,583,353
79$2,638,945$89,740$0$1,688,363
80$2,836,463$22,484$0$1,802,899
81$3,051,872$0$0$1,927,923
82$3,286,924$0$0$2,073,360
83$3,543,550$0$0$2,236,519
84$3,823,874$0$0$2,414,797
85$4,130,237$0$0$2,609,690
86$4,465,212$0$0$2,822,841
87$4,831,637$0$0$3,056,064
88$5,232,632$0$0$3,311,352
89$5,671,636$0$0$3,590,903
90$6,152,435$0$0$3,897,133
91$6,679,197$0$0$4,232,708
92$7,256,515$0$0$4,600,561
93$7,889,444$0$0$5,003,922
94$8,583,554$0$0$5,446,350
95$9,344,978$0$0$5,931,765
96$10,180,474$0$0$6,464,484
97$11,097,484$0$0$7,049,262
98$12,104,204$0$0$7,691,337
99$13,209,665$0$0$8,396,481
100$14,423,814$0$0$9,171,048