Can I retire at age 57 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$53,016$52,544$52,083$51,633$51,194$50,596
2 years$26,245$25,757$25,283$24,824$24,378$23,776
3 years$17,323$16,832$16,360$15,905$15,466$14,880
4 years$12,863$12,373$11,906$11,458$11,031$10,463
5 years$10,187$9,701$9,239$8,801$8,385$7,839
6 years$8,404$7,922$7,467$7,038$6,635$6,110
7 years$7,131$6,653$6,205$5,787$5,396$4,893
8 years$6,177$5,702$5,262$4,854$4,477$3,995
9 years$5,435$4,965$4,532$4,135$3,770$3,310
10 years$4,842$4,376$3,951$3,564$3,212$2,774
11 years$4,357$3,896$3,479$3,102$2,763$2,345
12 years$3,953$3,497$3,087$2,721$2,394$1,997
13 years$3,611$3,160$2,758$2,402$2,088$1,710
14 years$3,319$2,873$2,478$2,132$1,830$1,472
15 years$3,066$2,624$2,238$1,902$1,611$1,272
16 years$2,844$2,408$2,029$1,703$1,424$1,103
17 years$2,649$2,217$1,846$1,530$1,263$960
18 years$2,476$2,049$1,685$1,379$1,123$837
19 years$2,321$1,899$1,543$1,246$1,001$731
20 years$2,182$1,765$1,416$1,128$894$640
21 years$2,056$1,644$1,302$1,024$800$561
22 years$1,942$1,534$1,200$931$717$492
23 years$1,838$1,435$1,108$848$644$433
24 years$1,743$1,344$1,025$773$578$381
25 years$1,655$1,262$949$706$521$335
26 years$1,575$1,186$880$646$469$296
27 years$1,500$1,116$818$591$423$261
28 years$1,431$1,052$760$542$381$230
29 years$1,367$992$707$497$344$203
30 years$1,307$937$659$456$311$179
31 years$1,251$886$614$419$281$159
32 years$1,199$838$573$385$255$140
33 years$1,150$794$535$354$230$124
34 years$1,104$752$500$326$209$110
35 years$1,060$713$467$300$189$97
36 years$1,020$677$437$276$171$86
37 years$981$643$409$254$155$76
38 years$945$611$383$234$141$67
39 years$910$581$359$216$128$60
40 years$878$553$337$199$116$53
41 years$847$526$316$184$105$47
42 years$817$501$296$170$95$41
43 years$789$478$278$157$86$37
44 years$763$455$261$145$78$33
45 years$737$434$245$134$71$29
46 years$713$414$230$123$65$26
47 years$690$395$216$114$59$23
48 years$668$377$203$105$53$20
49 years$647$360$191$97$48$18
50 years$627$344$179$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $642,000, adding $6,709 every year, while hoping to spend $48,890 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: 66/18/16 Blend
56$642,000$642,000$642,000$642,000
57$714,404$680,378$670,427$758,367
58$735,255$661,698$640,868$769,921
59$756,594$640,464$608,680$776,243
60$778,419$616,500$573,723$781,949
61$800,727$589,617$535,852$786,978
62$823,512$559,619$494,914$791,263
63$846,766$526,297$450,750$794,732
64$870,479$489,428$403,192$797,309
65$894,636$448,778$352,068$798,910
66$919,222$404,101$297,195$799,448
67$944,215$355,135$238,384$798,827
68$969,592$301,603$175,436$796,943
69$995,322$243,214$108,145$793,687
70$1,021,372$179,659$36,296$788,940
71$1,047,702$110,612$0$782,575
72$1,074,266$35,730$0$781,347
73$1,101,009$0$0$785,276
74$1,127,871$0$0$797,025
75$1,154,781$0$0$815,864
76$1,181,661$0$0$834,656
77$1,208,418$0$0$853,337
78$1,234,950$0$0$871,829
79$1,261,142$0$0$890,048
80$1,286,863$0$0$907,898
81$1,311,966$0$0$925,272
82$1,336,285$0$0$942,048
83$1,359,635$0$0$958,090
84$1,381,809$0$0$973,248
85$1,402,575$0$0$987,350
86$1,421,673$0$0$1,000,209
87$1,438,814$0$0$1,011,611
88$1,453,676$0$0$1,021,322
89$1,465,899$0$0$1,029,079
90$1,475,084$0$0$1,034,591
91$1,480,784$0$0$1,037,531
92$1,482,506$0$0$1,037,540
93$1,479,700$0$0$1,034,217
94$1,471,756$0$0$1,027,116
95$1,457,997$0$0$1,015,744
96$1,437,673$0$0$999,555
97$1,409,951$0$0$977,940
98$1,373,909$0$0$950,228
99$1,328,525$0$0$915,674
100$1,272,668$0$0$873,455