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%17.4%
1 years$53,098$52,625$52,164$51,714$51,274$49,732
2 years$26,286$25,797$25,322$24,862$24,416$22,876
3 years$17,350$16,858$16,385$15,929$15,491$14,000
4 years$12,883$12,393$11,924$11,476$11,048$9,619
5 years$10,203$9,716$9,254$8,815$8,399$7,034
6 years$8,417$7,934$7,478$7,049$6,645$5,347
7 years$7,142$6,663$6,215$5,796$5,405$4,173
8 years$6,186$5,711$5,270$4,862$4,484$3,317
9 years$5,443$4,973$4,539$4,141$3,776$2,674
10 years$4,849$4,383$3,958$3,570$3,217$2,178
11 years$4,364$3,902$3,484$3,107$2,767$1,788
12 years$3,959$3,502$3,092$2,725$2,398$1,478
13 years$3,617$3,165$2,763$2,406$2,091$1,228
14 years$3,324$2,877$2,482$2,136$1,833$1,024
15 years$3,070$2,628$2,241$1,905$1,614$857
16 years$2,849$2,411$2,032$1,705$1,426$720
17 years$2,653$2,221$1,849$1,532$1,265$606
18 years$2,480$2,052$1,688$1,381$1,124$511
19 years$2,325$1,902$1,545$1,248$1,002$431
20 years$2,185$1,767$1,418$1,130$895$365
21 years$2,059$1,646$1,304$1,026$801$309
22 years$1,945$1,537$1,202$933$718$261
23 years$1,841$1,437$1,110$849$645$222
24 years$1,745$1,347$1,027$775$579$188
25 years$1,658$1,264$951$707$521$160
26 years$1,577$1,188$882$647$470$136
27 years$1,502$1,118$819$592$423$115
28 years$1,433$1,053$761$542$382$98
29 years$1,369$994$708$497$345$83
30 years$1,309$938$660$456$312$71
31 years$1,253$887$615$419$282$60
32 years$1,201$839$574$385$255$51
33 years$1,152$795$536$354$231$44
34 years$1,105$753$501$326$209$37
35 years$1,062$715$468$300$189$32
36 years$1,021$678$438$276$171$27
37 years$983$644$410$255$155$23
38 years$946$612$384$235$141$20
39 years$912$582$360$216$128$17
40 years$879$554$337$200$116$14
41 years$848$527$316$184$105$12
42 years$819$502$296$170$95$10
43 years$791$478$278$157$87$9
44 years$764$456$261$145$79$7
45 years$739$435$245$134$71$6
46 years$714$415$230$124$65$5
47 years$691$396$216$114$59$5
48 years$669$378$203$106$53$4
49 years$648$361$191$98$49$3
50 years$628$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $643,000, adding $2,014 every year, while hoping to spend $43,106 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: 73/17/10 Blend
56$643,000$643,000$643,000$643,000
57$710,663$676,584$666,618$761,072
58$737,287$663,873$643,085$781,920
59$765,181$649,093$617,319$799,185
60$794,430$632,099$589,200$816,907
61$825,125$612,736$558,602$835,117
62$857,366$590,837$525,393$853,852
63$891,259$566,231$489,436$873,155
64$926,923$538,731$450,587$893,071
65$964,484$508,144$408,697$913,653
66$1,004,081$474,263$363,608$934,960
67$1,045,866$436,870$315,157$957,058
68$1,090,002$395,735$263,173$980,021
69$1,136,671$350,615$207,478$1,003,931
70$1,186,068$301,251$147,885$1,028,882
71$1,238,407$247,373$84,199$1,054,977
72$1,293,922$188,692$16,218$1,082,333
73$1,352,870$124,906$0$1,111,080
74$1,415,530$55,693$0$1,147,373
75$1,482,209$0$0$1,187,601
76$1,553,240$0$0$1,233,846
77$1,628,993$0$0$1,294,292
78$1,709,867$0$0$1,358,843
79$1,796,304$0$0$1,427,854
80$1,888,787$0$0$1,501,711
81$1,987,845$0$0$1,580,840
82$2,094,059$0$0$1,665,708
83$2,208,065$0$0$1,756,826
84$2,330,562$0$0$1,854,757
85$2,462,319$0$0$1,960,117
86$2,604,177$0$0$2,073,584
87$2,757,061$0$0$2,195,900
88$2,921,988$0$0$2,327,883
89$3,100,075$0$0$2,470,430
90$3,292,548$0$0$2,624,528
91$3,500,756$0$0$2,791,261
92$3,726,180$0$0$2,971,819
93$3,970,450$0$0$3,167,514
94$4,235,359$0$0$3,379,786
95$4,522,875$0$0$3,610,219
96$4,835,167$0$0$3,860,555
97$5,174,618$0$0$4,132,712
98$5,543,850$0$0$4,428,797
99$5,945,749$0$0$4,751,132
100$6,383,488$0$0$5,102,268