Can I retire at age 57 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$52,603$52,134$51,677$51,231$50,795$48,838
2 years$26,041$25,556$25,086$24,630$24,188$22,239
3 years$17,188$16,701$16,232$15,781$15,346$13,467
4 years$12,763$12,277$11,813$11,369$10,945$9,150
5 years$10,108$9,625$9,167$8,733$8,320$6,615
6 years$8,339$7,860$7,409$6,984$6,583$4,968
7 years$7,076$6,601$6,157$5,742$5,354$3,828
8 years$6,129$5,658$5,221$4,816$4,442$3,004
9 years$5,393$4,926$4,497$4,103$3,741$2,389
10 years$4,804$4,342$3,921$3,536$3,187$1,919
11 years$4,323$3,866$3,452$3,078$2,741$1,553
12 years$3,922$3,470$3,063$2,700$2,375$1,265
13 years$3,583$3,136$2,737$2,383$2,071$1,035
14 years$3,293$2,850$2,459$2,116$1,816$851
15 years$3,042$2,604$2,220$1,887$1,599$701
16 years$2,822$2,389$2,013$1,689$1,413$579
17 years$2,629$2,200$1,832$1,518$1,253$480
18 years$2,457$2,033$1,672$1,368$1,114$398
19 years$2,303$1,884$1,531$1,236$993$330
20 years$2,165$1,751$1,405$1,120$887$275
21 years$2,040$1,631$1,292$1,016$794$229
22 years$1,927$1,522$1,191$924$711$190
23 years$1,824$1,424$1,100$841$639$159
24 years$1,729$1,334$1,017$767$574$132
25 years$1,642$1,252$942$701$516$110
26 years$1,562$1,177$874$641$465$92
27 years$1,488$1,107$811$586$419$77
28 years$1,420$1,043$754$537$378$64
29 years$1,356$984$702$493$342$54
30 years$1,297$930$654$452$309$45
31 years$1,241$879$609$415$279$37
32 years$1,189$831$569$382$253$31
33 years$1,141$787$531$351$229$26
34 years$1,095$746$496$323$207$22
35 years$1,052$708$464$297$187$18
36 years$1,012$672$434$274$170$15
37 years$974$638$406$252$154$13
38 years$937$606$380$233$140$11
39 years$903$577$356$214$127$9
40 years$871$549$334$198$115$7
41 years$840$522$313$182$104$6
42 years$811$497$294$168$94$5
43 years$783$474$276$155$86$4
44 years$757$452$259$144$78$4
45 years$732$431$243$133$71$3
46 years$708$411$228$122$64$3
47 years$685$392$214$113$58$2
48 years$663$374$201$105$53$2
49 years$642$357$189$97$48$1
50 years$622$341$178$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $637,000, adding $3,163 every year, while hoping to spend $45,366 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: 76/16/8 Blend
56$637,000$637,000$637,000$637,000
57$705,237$671,476$661,602$757,764
58$728,902$656,109$635,497$777,384
59$753,460$638,469$606,996$792,768
60$778,955$618,396$575,973$808,325
61$805,433$595,721$542,292$824,053
62$832,943$570,267$505,815$839,951
63$861,537$541,845$466,394$856,022
64$891,273$510,254$423,877$872,264
65$922,210$475,284$378,104$888,682
66$954,413$436,711$328,908$905,278
67$987,953$394,299$276,116$922,057
68$1,022,904$347,799$219,546$939,024
69$1,059,346$296,947$159,007$956,187
70$1,097,367$241,465$94,301$973,556
71$1,137,059$181,059$25,221$991,144
72$1,178,525$115,416$0$1,008,965
73$1,221,874$44,211$0$1,031,176
74$1,267,223$0$0$1,056,226
75$1,314,699$0$0$1,087,800
76$1,364,443$0$0$1,129,042
77$1,416,603$0$0$1,172,296
78$1,471,343$0$0$1,217,696
79$1,528,838$0$0$1,265,390
80$1,589,282$0$0$1,315,539
81$1,652,884$0$0$1,368,318
82$1,719,869$0$0$1,423,915
83$1,790,486$0$0$1,482,539
84$1,865,005$0$0$1,544,413
85$1,943,719$0$0$1,609,785
86$2,026,950$0$0$1,678,921
87$2,115,046$0$0$1,752,115
88$2,208,391$0$0$1,829,686
89$2,307,402$0$0$1,911,983
90$2,412,535$0$0$1,999,387
91$2,524,289$0$0$2,092,318
92$2,643,211$0$0$2,191,230
93$2,769,899$0$0$2,296,624
94$2,905,007$0$0$2,409,049
95$3,049,253$0$0$2,529,102
96$3,203,421$0$0$2,657,443
97$3,368,373$0$0$2,794,791
98$3,545,054$0$0$2,941,937
99$3,734,500$0$0$3,099,747
100$3,937,846$0$0$3,269,172