Can I retire at age 57 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$53,098$52,625$52,164$51,714$51,274$50,507
2 years$26,286$25,797$25,322$24,862$24,416$23,646
3 years$17,350$16,858$16,385$15,929$15,491$14,740
4 years$12,883$12,393$11,924$11,476$11,048$10,323
5 years$10,203$9,716$9,254$8,815$8,399$7,702
6 years$8,417$7,934$7,478$7,049$6,645$5,977
7 years$7,142$6,663$6,215$5,796$5,405$4,765
8 years$6,186$5,711$5,270$4,862$4,484$3,873
9 years$5,443$4,973$4,539$4,141$3,776$3,194
10 years$4,849$4,383$3,958$3,570$3,217$2,663
11 years$4,364$3,902$3,484$3,107$2,767$2,240
12 years$3,959$3,502$3,092$2,725$2,398$1,898
13 years$3,617$3,165$2,763$2,406$2,091$1,617
14 years$3,324$2,877$2,482$2,136$1,833$1,385
15 years$3,070$2,628$2,241$1,905$1,614$1,190
16 years$2,849$2,411$2,032$1,705$1,426$1,026
17 years$2,653$2,221$1,849$1,532$1,265$888
18 years$2,480$2,052$1,688$1,381$1,124$769
19 years$2,325$1,902$1,545$1,248$1,002$668
20 years$2,185$1,767$1,418$1,130$895$582
21 years$2,059$1,646$1,304$1,026$801$507
22 years$1,945$1,537$1,202$933$718$442
23 years$1,841$1,437$1,110$849$645$386
24 years$1,745$1,347$1,027$775$579$338
25 years$1,658$1,264$951$707$521$296
26 years$1,577$1,188$882$647$470$259
27 years$1,502$1,118$819$592$423$227
28 years$1,433$1,053$761$542$382$199
29 years$1,369$994$708$497$345$175
30 years$1,309$938$660$456$312$153
31 years$1,253$887$615$419$282$134
32 years$1,201$839$574$385$255$118
33 years$1,152$795$536$354$231$104
34 years$1,105$753$501$326$209$91
35 years$1,062$715$468$300$189$80
36 years$1,021$678$438$276$171$70
37 years$983$644$410$255$155$62
38 years$946$612$384$235$141$54
39 years$912$582$360$216$128$48
40 years$879$554$337$200$116$42
41 years$848$527$316$184$105$37
42 years$819$502$296$170$95$33
43 years$791$478$278$157$87$29
44 years$764$456$261$145$79$25
45 years$739$435$245$134$71$22
46 years$714$415$230$124$65$20
47 years$691$396$216$114$59$17
48 years$669$378$203$106$53$15
49 years$648$361$191$98$49$13
50 years$628$345$180$90$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $643,000, adding $3,866 every year, while hoping to spend $43,115 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: 64/23/13 Blend
56$643,000$643,000$643,000$643,000
57$712,574$678,495$668,528$755,762
58$739,382$665,867$645,050$772,502
59$767,480$651,175$619,340$785,437
60$796,954$634,273$591,278$798,497
61$827,896$615,006$560,739$811,692
62$860,408$593,208$527,591$825,038
63$894,601$568,706$491,696$838,552
64$930,594$541,316$452,912$852,254
65$968,517$510,844$411,087$866,170
66$1,008,514$477,083$366,066$880,330
67$1,050,738$439,816$317,685$894,768
68$1,095,358$398,812$265,773$909,525
69$1,142,560$353,829$210,151$924,648
70$1,192,544$304,609$150,634$940,193
71$1,245,529$250,881$87,026$956,223
72$1,301,756$192,357$19,125$972,811
73$1,361,488$128,735$0$990,041
74$1,425,011$59,695$0$1,015,407
75$1,492,640$0$0$1,044,931
76$1,564,719$0$0$1,079,937
77$1,641,625$0$0$1,133,433
78$1,723,770$0$0$1,190,601
79$1,811,607$0$0$1,251,759
80$1,905,632$0$0$1,317,256
81$2,006,388$0$0$1,387,475
82$2,114,473$0$0$1,462,835
83$2,230,541$0$0$1,543,799
84$2,355,309$0$0$1,630,871
85$2,489,568$0$0$1,724,607
86$2,634,182$0$0$1,825,617
87$2,790,104$0$0$1,934,570
88$2,958,377$0$0$2,052,203
89$3,140,151$0$0$2,179,325
90$3,336,685$0$0$2,316,823
91$3,549,368$0$0$2,465,675
92$3,779,724$0$0$2,626,955
93$4,029,427$0$0$2,801,843
94$4,300,322$0$0$2,991,639
95$4,594,435$0$0$3,197,770
96$4,913,995$0$0$3,421,807
97$5,261,454$0$0$3,665,479
98$5,639,510$0$0$3,930,687
99$6,051,132$0$0$4,219,523
100$6,499,585$0$0$4,534,290