Can I retire at age 57 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$53,263$52,789$52,326$51,874$51,433$50,706
2 years$26,368$25,877$25,401$24,940$24,492$23,761
3 years$17,404$16,911$16,436$15,979$15,539$14,827
4 years$12,923$12,431$11,961$11,512$11,082$10,394
5 years$10,235$9,746$9,282$8,842$8,425$7,763
6 years$8,444$7,959$7,502$7,071$6,666$6,031
7 years$7,165$6,684$6,234$5,814$5,421$4,814
8 years$6,206$5,729$5,287$4,877$4,498$3,917
9 years$5,460$4,988$4,554$4,154$3,788$3,234
10 years$4,864$4,397$3,970$3,581$3,227$2,700
11 years$4,377$3,914$3,495$3,116$2,775$2,274
12 years$3,971$3,513$3,102$2,734$2,405$1,929
13 years$3,628$3,175$2,771$2,413$2,097$1,646
14 years$3,334$2,886$2,490$2,142$1,839$1,411
15 years$3,080$2,636$2,248$1,911$1,619$1,214
16 years$2,858$2,419$2,038$1,711$1,431$1,049
17 years$2,662$2,228$1,855$1,537$1,269$908
18 years$2,488$2,058$1,693$1,385$1,128$789
19 years$2,332$1,908$1,550$1,252$1,005$686
20 years$2,192$1,773$1,422$1,134$898$598
21 years$2,066$1,651$1,308$1,029$804$522
22 years$1,951$1,541$1,206$935$720$456
23 years$1,847$1,442$1,113$852$647$399
24 years$1,751$1,351$1,030$777$581$349
25 years$1,663$1,268$954$710$523$306
26 years$1,582$1,191$885$649$471$269
27 years$1,507$1,121$821$594$425$236
28 years$1,438$1,056$764$544$383$207
29 years$1,373$997$711$499$346$182
30 years$1,313$941$662$458$313$160
31 years$1,257$890$617$421$283$141
32 years$1,204$842$576$387$256$124
33 years$1,155$797$538$355$231$109
34 years$1,109$756$502$327$210$96
35 years$1,065$717$470$301$190$84
36 years$1,024$680$439$277$172$74
37 years$986$646$411$255$156$65
38 years$949$614$385$235$141$58
39 years$915$584$361$217$128$51
40 years$882$556$338$200$116$45
41 years$851$529$317$185$105$39
42 years$821$504$297$171$96$35
43 years$793$480$279$157$87$31
44 years$766$457$262$145$79$27
45 years$741$436$246$134$72$24
46 years$717$416$231$124$65$21
47 years$693$397$217$115$59$18
48 years$671$379$204$106$54$16
49 years$650$362$192$98$49$14
50 years$630$346$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 $645,000, adding $5,384 every year, while hoping to spend $44,483 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: 45/40/15 Blend
56$645,000$645,000$645,000$645,000
57$716,344$682,159$672,161$745,279
58$742,081$668,255$647,349$752,091
59$768,953$652,179$620,215$754,570
60$797,028$633,777$590,634$756,294
61$826,380$612,888$558,475$757,211
62$857,090$589,338$523,603$757,268
63$889,245$562,947$485,875$756,410
64$922,938$533,522$445,143$754,580
65$958,272$500,859$401,249$751,719
66$995,358$464,744$354,034$747,767
67$1,034,316$424,948$303,325$742,661
68$1,075,277$381,231$248,947$736,339
69$1,118,383$333,339$190,715$728,736
70$1,163,789$281,003$128,434$719,785
71$1,211,663$223,940$61,904$709,421
72$1,262,188$161,849$0$697,575
73$1,315,566$94,414$0$685,637
74$1,372,015$21,301$0$682,751
75$1,431,772$0$0$678,969
76$1,495,099$0$0$699,724
77$1,562,280$0$0$731,725
78$1,633,626$0$0$765,751
79$1,709,476$0$0$801,967
80$1,790,204$0$0$840,559
81$1,876,216$0$0$881,725
82$1,967,960$0$0$925,687
83$2,065,922$0$0$972,685
84$2,170,640$0$0$1,022,982
85$2,282,699$0$0$1,076,869
86$2,402,744$0$0$1,134,663
87$2,531,481$0$0$1,196,713
88$2,669,685$0$0$1,263,401
89$2,818,204$0$0$1,335,146
90$2,977,974$0$0$1,412,410
91$3,150,018$0$0$1,495,699
92$3,335,461$0$0$1,585,569
93$3,535,540$0$0$1,682,631
94$3,751,613$0$0$1,787,556
95$3,985,172$0$0$1,901,083
96$4,237,857$0$0$2,024,021
97$4,511,471$0$0$2,157,264
98$4,807,996$0$0$2,301,792
99$5,129,612$0$0$2,458,683
100$5,478,716$0$0$2,629,123