Can I retire at age 57 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$52,685$52,216$51,758$51,311$50,875$49,306
2 years$26,082$25,596$25,125$24,669$24,226$22,659
3 years$17,215$16,727$16,258$15,806$15,370$13,854
4 years$12,783$12,296$11,832$11,387$10,962$9,509
5 years$10,124$9,641$9,182$8,746$8,333$6,946
6 years$8,352$7,872$7,420$6,995$6,594$5,275
7 years$7,087$6,611$6,166$5,751$5,363$4,111
8 years$6,138$5,667$5,229$4,824$4,449$3,265
9 years$5,401$4,934$4,504$4,109$3,746$2,628
10 years$4,812$4,349$3,927$3,542$3,192$2,138
11 years$4,330$3,872$3,457$3,083$2,745$1,753
12 years$3,928$3,475$3,068$2,704$2,379$1,447
13 years$3,589$3,140$2,741$2,387$2,075$1,201
14 years$3,298$2,855$2,463$2,119$1,819$1,000
15 years$3,047$2,608$2,224$1,890$1,601$836
16 years$2,827$2,393$2,016$1,692$1,415$701
17 years$2,633$2,203$1,835$1,520$1,255$589
18 years$2,461$2,036$1,675$1,370$1,116$496
19 years$2,307$1,887$1,533$1,238$994$418
20 years$2,168$1,754$1,407$1,121$888$353
21 years$2,043$1,633$1,294$1,018$795$298
22 years$1,930$1,525$1,193$925$713$252
23 years$1,827$1,426$1,101$843$640$214
24 years$1,732$1,336$1,019$769$575$181
25 years$1,645$1,254$943$702$517$153
26 years$1,565$1,178$875$642$466$130
27 years$1,491$1,109$812$587$420$110
28 years$1,422$1,045$755$538$379$94
29 years$1,358$986$703$494$342$80
30 years$1,299$931$655$453$309$68
31 years$1,243$880$610$416$280$57
32 years$1,191$833$569$382$253$49
33 years$1,143$789$532$352$229$41
34 years$1,097$747$497$323$207$35
35 years$1,054$709$464$298$188$30
36 years$1,013$673$435$274$170$25
37 years$975$639$407$253$154$22
38 years$939$607$381$233$140$18
39 years$905$578$357$215$127$16
40 years$872$549$334$198$115$13
41 years$841$523$314$183$104$11
42 years$812$498$294$169$95$10
43 years$784$475$276$156$86$8
44 years$758$452$259$144$78$7
45 years$733$431$243$133$71$6
46 years$709$412$229$123$64$5
47 years$686$393$215$113$58$4
48 years$664$375$202$105$53$4
49 years$643$358$190$97$48$3
50 years$623$342$178$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $638,000, adding $3,672 every year, while hoping to spend $27,839 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: 82/8/10 Blend
56$638,000$638,000$638,000$638,000
57$706,864$673,050$663,161$763,426
58$749,343$676,409$655,756$804,366
59$795,223$678,999$647,170$845,239
60$844,820$680,754$637,335$889,275
61$898,482$681,602$626,177$936,775
62$956,595$681,468$613,621$988,072
63$1,019,579$680,271$599,588$1,043,532
64$1,087,897$677,926$583,996$1,103,558
65$1,162,060$674,342$566,757$1,168,595
66$1,242,628$669,423$547,782$1,239,131
67$1,330,219$663,067$526,975$1,315,706
68$1,425,510$655,166$504,238$1,398,915
69$1,529,249$645,606$479,466$1,489,410
70$1,642,257$634,265$452,553$1,587,915
71$1,765,438$621,015$423,384$1,695,222
72$1,899,786$605,718$391,841$1,812,209
73$2,046,398$588,233$357,802$1,939,839
74$2,206,479$568,404$321,136$2,079,176
75$2,381,356$546,071$281,710$2,231,392
76$2,572,489$521,064$239,382$2,397,777
77$2,781,487$493,200$194,005$2,579,757
78$3,010,120$462,289$145,427$2,778,898
79$3,260,340$428,128$93,486$2,996,929
80$3,534,292$390,504$38,015$3,235,755
81$3,834,342$349,191$0$3,497,477
82$4,163,092$303,948$0$3,786,668
83$4,523,411$254,525$0$4,108,095
84$4,918,456$200,654$0$4,460,528
85$5,351,707$142,054$0$4,847,086
86$5,826,993$78,427$0$5,271,207
87$6,348,534$9,458$0$5,736,678
88$6,920,980$0$0$6,247,670
89$7,549,449$0$0$6,814,519
90$8,239,582$0$0$7,437,915
91$8,997,591$0$0$8,122,640
92$9,830,320$0$0$8,874,877
93$10,745,309$0$0$9,701,440
94$11,750,865$0$0$10,609,835
95$12,856,138$0$0$11,608,329
96$14,071,209$0$0$12,706,032
97$15,407,186$0$0$13,912,982
98$16,876,304$0$0$15,240,235
99$18,492,047$0$0$16,699,973
100$20,269,267$0$0$18,305,620