Can I retire at age 57 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$53,181$52,707$52,245$51,794$51,353$50,649
2 years$26,327$25,837$25,362$24,901$24,454$23,745
3 years$17,377$16,885$16,411$15,954$15,515$14,824
4 years$12,903$12,412$11,943$11,494$11,065$10,398
5 years$10,219$9,731$9,268$8,829$8,412$7,769
6 years$8,431$7,946$7,490$7,060$6,656$6,040
7 years$7,153$6,673$6,224$5,805$5,413$4,823
8 years$6,196$5,720$5,279$4,869$4,491$3,927
9 years$5,452$4,980$4,546$4,148$3,782$3,244
10 years$4,857$4,390$3,964$3,575$3,222$2,710
11 years$4,370$3,908$3,490$3,112$2,771$2,284
12 years$3,965$3,508$3,097$2,729$2,401$1,939
13 years$3,623$3,170$2,767$2,410$2,094$1,655
14 years$3,329$2,881$2,486$2,139$1,836$1,420
15 years$3,075$2,632$2,245$1,908$1,616$1,223
16 years$2,853$2,415$2,035$1,708$1,428$1,057
17 years$2,657$2,224$1,852$1,535$1,267$916
18 years$2,484$2,055$1,690$1,383$1,126$796
19 years$2,328$1,905$1,548$1,250$1,004$693
20 years$2,189$1,770$1,420$1,132$897$604
21 years$2,063$1,649$1,306$1,027$802$528
22 years$1,948$1,539$1,204$934$719$461
23 years$1,844$1,439$1,112$851$646$404
24 years$1,748$1,349$1,028$776$580$354
25 years$1,660$1,266$952$708$522$311
26 years$1,579$1,189$883$648$470$273
27 years$1,505$1,119$820$593$424$240
28 years$1,435$1,055$762$543$383$211
29 years$1,371$995$709$498$346$185
30 years$1,311$940$661$457$312$163
31 years$1,255$888$616$420$282$143
32 years$1,202$841$575$386$255$126
33 years$1,153$796$537$355$231$111
34 years$1,107$754$501$327$209$98
35 years$1,064$716$469$301$189$86
36 years$1,023$679$439$277$172$76
37 years$984$645$411$255$156$67
38 years$948$613$384$235$141$59
39 years$913$583$360$217$128$52
40 years$880$555$338$200$116$46
41 years$849$528$317$184$105$41
42 years$820$503$297$170$96$36
43 years$792$479$279$157$87$32
44 years$765$457$262$145$79$28
45 years$740$435$246$134$71$25
46 years$715$415$231$124$65$22
47 years$692$396$217$114$59$19
48 years$670$378$204$106$53$17
49 years$649$361$191$98$49$15
50 years$629$345$180$90$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $644,000, adding $2,308 every year, while hoping to spend $36,631 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: 53/31/16 Blend
56$644,000$644,000$644,000$644,000
57$712,069$677,937$667,955$746,624
58$745,725$672,181$651,356$764,750
59$781,586$664,915$632,974$780,385
60$819,838$656,026$612,709$796,579
61$860,686$645,396$590,459$813,399
62$904,353$632,897$566,117$830,914
63$951,085$618,397$539,569$849,206
64$1,001,149$601,752$510,698$868,366
65$1,054,841$582,812$479,381$888,498
66$1,112,484$561,419$445,490$909,718
67$1,174,433$537,405$408,890$932,156
68$1,241,078$510,591$369,440$955,959
69$1,312,847$480,788$326,995$981,291
70$1,390,209$447,799$281,402$1,008,337
71$1,473,681$411,412$232,499$1,037,303
72$1,563,830$371,404$180,121$1,068,421
73$1,661,279$327,541$124,093$1,101,950
74$1,766,712$279,573$64,233$1,138,178
75$1,880,883$227,239$352$1,177,429
76$2,004,620$170,260$0$1,220,064
77$2,138,832$108,344$0$1,278,062
78$2,284,520$41,180$0$1,341,112
79$2,442,786$0$0$1,409,688
80$2,614,841$0$0$1,495,151
81$2,802,015$0$0$1,603,462
82$3,005,777$0$0$1,721,428
83$3,227,737$0$0$1,849,992
84$3,469,672$0$0$1,990,187
85$3,733,534$0$0$2,143,155
86$4,021,473$0$0$2,310,149
87$4,335,857$0$0$2,492,551
88$4,679,290$0$0$2,691,881
89$5,054,641$0$0$2,909,814
90$5,465,066$0$0$3,148,191
91$5,914,042$0$0$3,409,042
92$6,405,397$0$0$3,694,602
93$6,943,346$0$0$4,007,331
94$7,532,531$0$0$4,349,938
95$8,178,063$0$0$4,725,408
96$8,885,572$0$0$5,137,027
97$9,661,257$0$0$5,588,414
98$10,511,946$0$0$6,083,556
99$11,445,161$0$0$6,626,844
100$12,469,186$0$0$7,223,114