Can I retire at age 57 with 639,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$52,768$52,298$51,839$51,392$50,955$49,363
2 years$26,123$25,636$25,165$24,708$24,264$22,675
3 years$17,242$16,754$16,283$15,830$15,394$13,857
4 years$12,803$12,316$11,850$11,405$10,979$9,506
5 years$10,140$9,656$9,196$8,760$8,346$6,941
6 years$8,365$7,885$7,432$7,005$6,604$5,268
7 years$7,098$6,621$6,176$5,760$5,371$4,104
8 years$6,148$5,676$5,238$4,832$4,456$3,256
9 years$5,410$4,942$4,511$4,115$3,752$2,620
10 years$4,819$4,356$3,933$3,548$3,197$2,130
11 years$4,336$3,878$3,463$3,087$2,750$1,746
12 years$3,934$3,481$3,073$2,708$2,383$1,440
13 years$3,594$3,145$2,745$2,391$2,078$1,194
14 years$3,303$2,859$2,467$2,122$1,821$994
15 years$3,051$2,612$2,227$1,893$1,604$830
16 years$2,831$2,396$2,019$1,695$1,417$695
17 years$2,637$2,207$1,837$1,523$1,257$584
18 years$2,464$2,039$1,677$1,372$1,117$491
19 years$2,310$1,890$1,536$1,240$996$414
20 years$2,172$1,756$1,409$1,123$890$349
21 years$2,047$1,636$1,296$1,019$796$295
22 years$1,933$1,527$1,195$927$714$249
23 years$1,829$1,428$1,103$844$641$211
24 years$1,735$1,338$1,020$770$576$178
25 years$1,647$1,256$945$703$518$151
26 years$1,567$1,180$876$643$467$128
27 years$1,493$1,111$814$588$421$109
28 years$1,424$1,047$756$539$380$92
29 years$1,360$987$704$494$343$78
30 years$1,301$932$656$454$310$66
31 years$1,245$882$611$417$280$56
32 years$1,193$834$570$383$253$48
33 years$1,144$790$533$352$229$41
34 years$1,099$749$498$324$208$34
35 years$1,055$710$465$298$188$29
36 years$1,015$674$435$275$170$25
37 years$977$640$407$253$154$21
38 years$940$608$381$233$140$18
39 years$906$578$357$215$127$15
40 years$874$550$335$198$115$13
41 years$843$524$314$183$104$11
42 years$814$499$295$169$95$9
43 years$786$475$276$156$86$8
44 years$759$453$260$144$78$7
45 years$734$432$244$133$71$6
46 years$710$412$229$123$64$5
47 years$687$393$215$113$58$4
48 years$665$376$202$105$53$4
49 years$644$359$190$97$48$3
50 years$624$343$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $639,000, adding $6,173 every year, while hoping to spend $36,047 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: 20/50/30 Blend
56$639,000$639,000$639,000$639,000
57$710,545$676,678$666,774$717,905
58$744,667$671,482$650,757$720,192
59$781,062$664,823$632,996$719,280
60$819,922$656,591$613,393$717,518
61$861,460$646,670$591,848$714,860
62$905,910$634,938$568,256$711,261
63$953,525$621,263$542,505$706,674
64$1,004,587$605,506$514,481$701,052
65$1,059,402$587,523$484,063$694,350
66$1,118,306$567,157$451,125$686,521
67$1,181,671$544,245$415,535$677,520
68$1,249,902$518,614$377,155$667,302
69$1,323,444$490,078$335,843$655,826
70$1,402,789$458,446$291,447$643,050
71$1,488,474$423,510$243,811$628,938
72$1,581,091$385,055$192,771$613,456
73$1,681,290$342,850$138,156$596,572
74$1,789,785$296,653$79,788$578,263
75$1,907,362$246,208$17,480$558,509
76$2,034,885$191,245$0$537,299
77$2,173,305$131,477$0$530,319
78$2,323,665$66,602$0$528,876
79$2,487,115$0$0$527,455
80$2,664,921$0$0$528,192
81$2,858,472$0$0$568,987
82$3,069,299$0$0$613,532
83$3,299,088$0$0$662,194
84$3,549,693$0$0$715,382
85$3,823,152$0$0$773,543
86$4,121,714$0$0$837,170
87$4,447,850$0$0$906,806
88$4,804,282$0$0$983,048
89$5,194,006$0$0$1,066,556
90$5,620,323$0$0$1,158,052
91$6,086,864$0$0$1,258,337
92$6,597,631$0$0$1,368,289
93$7,157,028$0$0$1,488,876
94$7,769,906$0$0$1,621,166
95$8,441,608$0$0$1,766,333
96$9,178,017$0$0$1,925,670
97$9,985,615$0$0$2,100,604
98$10,871,537$0$0$2,292,704
99$11,843,647$0$0$2,503,700
100$12,910,602$0$0$2,735,498