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%17.4%
1 years$52,685$52,216$51,758$51,311$50,875$49,345
2 years$26,082$25,596$25,125$24,669$24,226$22,698
3 years$17,215$16,727$16,258$15,806$15,370$13,891
4 years$12,783$12,296$11,832$11,387$10,962$9,544
5 years$10,124$9,641$9,182$8,746$8,333$6,980
6 years$8,352$7,872$7,420$6,995$6,594$5,306
7 years$7,087$6,611$6,166$5,751$5,363$4,140
8 years$6,138$5,667$5,229$4,824$4,449$3,291
9 years$5,401$4,934$4,504$4,109$3,746$2,653
10 years$4,812$4,349$3,927$3,542$3,192$2,161
11 years$4,330$3,872$3,457$3,083$2,745$1,774
12 years$3,928$3,475$3,068$2,704$2,379$1,466
13 years$3,589$3,140$2,741$2,387$2,075$1,218
14 years$3,298$2,855$2,463$2,119$1,819$1,016
15 years$3,047$2,608$2,224$1,890$1,601$851
16 years$2,827$2,393$2,016$1,692$1,415$714
17 years$2,633$2,203$1,835$1,520$1,255$601
18 years$2,461$2,036$1,675$1,370$1,116$507
19 years$2,307$1,887$1,533$1,238$994$428
20 years$2,168$1,754$1,407$1,121$888$362
21 years$2,043$1,633$1,294$1,018$795$306
22 years$1,930$1,525$1,193$925$713$259
23 years$1,827$1,426$1,101$843$640$220
24 years$1,732$1,336$1,019$769$575$187
25 years$1,645$1,254$943$702$517$159
26 years$1,565$1,178$875$642$466$135
27 years$1,491$1,109$812$587$420$114
28 years$1,422$1,045$755$538$379$97
29 years$1,358$986$703$494$342$83
30 years$1,299$931$655$453$309$70
31 years$1,243$880$610$416$280$60
32 years$1,191$833$569$382$253$51
33 years$1,143$789$532$352$229$43
34 years$1,097$747$497$323$207$37
35 years$1,054$709$464$298$188$31
36 years$1,013$673$435$274$170$27
37 years$975$639$407$253$154$23
38 years$939$607$381$233$140$19
39 years$905$578$357$215$127$17
40 years$872$549$334$198$115$14
41 years$841$523$314$183$104$12
42 years$812$498$294$169$95$10
43 years$784$475$276$156$86$9
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$5
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 $4,719 every year, while hoping to spend $54,433 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: 58/29/13 Blend
56$638,000$638,000$638,000$638,000
57$707,944$674,130$664,241$746,432
58$722,238$649,246$628,576$748,086
59$736,165$621,318$589,893$743,437
60$749,632$590,140$548,032$737,082
61$762,530$555,493$502,827$728,863
62$774,743$517,147$454,106$718,613
63$786,135$474,856$401,688$706,147
64$796,559$428,362$345,383$691,267
65$805,849$377,393$284,994$673,757
66$813,820$321,659$220,316$653,383
67$820,266$260,857$151,132$629,893
68$824,958$194,663$77,220$603,012
69$827,640$122,738$0$572,442
70$828,030$44,723$0$538,090
71$825,813$0$0$510,822
72$820,639$0$0$492,258
73$812,121$0$0$485,797
74$799,829$0$0$476,893
75$783,287$0$0$465,239
76$761,967$0$0$450,496
77$735,284$0$0$432,291
78$702,590$0$0$410,208
79$663,170$0$0$383,788
80$616,229$0$0$352,523
81$560,891$0$0$315,850
82$496,186$0$0$273,150
83$421,040$0$0$223,734
84$334,268$0$0$166,843
85$234,559$0$0$101,639
86$120,465$0$0$27,193
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0