Can I retire at age 57 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$52,851$52,380$51,921$51,472$51,034$50,397
2 years$26,164$25,676$25,204$24,746$24,302$23,660
3 years$17,269$16,780$16,309$15,855$15,418$14,793
4 years$12,823$12,335$11,869$11,423$10,996$10,392
5 years$10,156$9,671$9,211$8,774$8,359$7,777
6 years$8,378$7,897$7,443$7,016$6,614$6,055
7 years$7,109$6,632$6,186$5,769$5,379$4,844
8 years$6,158$5,685$5,246$4,839$4,463$3,950
9 years$5,418$4,950$4,518$4,122$3,758$3,269
10 years$4,827$4,363$3,939$3,553$3,202$2,736
11 years$4,343$3,884$3,468$3,092$2,754$2,310
12 years$3,941$3,486$3,078$2,712$2,387$1,965
13 years$3,600$3,150$2,750$2,395$2,081$1,681
14 years$3,309$2,864$2,471$2,126$1,824$1,445
15 years$3,056$2,616$2,231$1,896$1,606$1,247
16 years$2,835$2,400$2,022$1,697$1,420$1,080
17 years$2,641$2,210$1,840$1,525$1,259$938
18 years$2,468$2,042$1,680$1,374$1,119$816
19 years$2,314$1,893$1,538$1,242$998$712
20 years$2,175$1,759$1,411$1,125$891$623
21 years$2,050$1,638$1,298$1,021$797$545
22 years$1,936$1,529$1,197$928$715$478
23 years$1,832$1,430$1,105$845$642$419
24 years$1,737$1,340$1,022$771$577$368
25 years$1,650$1,258$946$704$519$324
26 years$1,570$1,182$878$644$467$285
27 years$1,495$1,112$815$589$421$251
28 years$1,426$1,048$758$540$380$221
29 years$1,362$989$705$495$343$195
30 years$1,303$934$657$454$310$172
31 years$1,247$883$612$417$280$152
32 years$1,195$835$571$384$254$134
33 years$1,146$791$533$353$230$118
34 years$1,100$750$498$324$208$104
35 years$1,057$711$466$299$188$92
36 years$1,016$675$436$275$171$81
37 years$978$641$408$253$155$72
38 years$942$609$382$234$140$64
39 years$908$579$358$215$127$56
40 years$875$551$335$199$115$50
41 years$844$525$315$183$105$44
42 years$815$500$295$169$95$39
43 years$787$476$277$156$86$34
44 years$760$454$260$144$78$30
45 years$735$433$244$133$71$27
46 years$711$413$229$123$64$24
47 years$688$394$215$114$59$21
48 years$666$376$202$105$53$19
49 years$645$359$190$97$48$16
50 years$625$343$179$90$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $640,000, adding $3,972 every year, while hoping to spend $55,717 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: 53/25/22 Blend
56$640,000$640,000$640,000$640,000
57$709,377$675,457$665,537$742,479
58$722,451$649,272$628,550$739,508
59$734,991$619,937$588,457$730,160
60$746,884$587,237$545,094$718,814
61$758,004$550,949$498,292$705,296
62$768,207$510,833$447,872$689,423
63$777,338$466,637$393,649$670,992
64$785,219$418,095$335,429$649,789
65$791,655$364,926$273,010$625,577
66$796,428$306,830$206,179$598,105
67$799,293$243,495$134,716$567,097
68$799,983$174,588$58,390$532,256
69$798,196$99,758$0$493,261
70$793,600$18,634$0$455,178
71$785,827$0$0$427,194
72$774,465$0$0$414,269
73$759,062$0$0$404,074
74$739,115$0$0$391,187
75$714,065$0$0$375,280
76$683,297$0$0$355,994
77$646,127$0$0$332,927
78$601,799$0$0$305,636
79$549,477$0$0$273,633
80$488,237$0$0$236,376
81$417,056$0$0$193,265
82$334,803$0$0$143,639
83$240,230$0$0$86,768
84$131,956$0$0$21,842
85$8,454$0$0$0
86$0$0$0$0
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