Can I retire at age 57 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$53,346$52,871$52,407$51,955$51,513$51,210
2 years$26,409$25,917$25,440$24,978$24,530$24,224
3 years$17,431$16,937$16,462$16,004$15,563$15,264
4 years$12,943$12,451$11,980$11,530$11,100$10,810
5 years$10,251$9,761$9,297$8,856$8,438$8,158
6 years$8,457$7,971$7,513$7,082$6,676$6,407
7 years$7,176$6,694$6,244$5,823$5,430$5,170
8 years$6,215$5,738$5,295$4,885$4,504$4,256
9 years$5,469$4,996$4,561$4,161$3,793$3,555
10 years$4,872$4,404$3,976$3,586$3,232$3,004
11 years$4,384$3,920$3,500$3,121$2,780$2,562
12 years$3,977$3,519$3,107$2,738$2,409$2,201
13 years$3,634$3,180$2,775$2,417$2,101$1,902
14 years$3,340$2,890$2,494$2,146$1,841$1,652
15 years$3,085$2,640$2,252$1,913$1,621$1,442
16 years$2,862$2,423$2,041$1,713$1,433$1,262
17 years$2,666$2,231$1,858$1,539$1,271$1,108
18 years$2,491$2,062$1,696$1,387$1,130$976
19 years$2,336$1,911$1,552$1,254$1,007$861
20 years$2,196$1,775$1,425$1,135$899$762
21 years$2,069$1,654$1,310$1,030$805$675
22 years$1,954$1,544$1,208$937$721$599
23 years$1,849$1,444$1,115$853$648$532
24 years$1,754$1,353$1,031$778$582$473
25 years$1,665$1,270$955$711$524$421
26 years$1,584$1,193$886$650$472$375
27 years$1,509$1,123$823$595$425$335
28 years$1,440$1,058$765$545$384$299
29 years$1,375$998$712$500$347$267
30 years$1,315$943$663$459$313$238
31 years$1,259$891$618$421$283$213
32 years$1,206$843$577$387$256$190
33 years$1,157$799$538$356$232$170
34 years$1,111$757$503$328$210$153
35 years$1,067$718$470$302$190$137
36 years$1,026$681$440$278$172$122
37 years$987$647$412$256$156$110
38 years$951$615$386$236$142$98
39 years$916$585$361$217$128$88
40 years$883$556$339$201$116$79
41 years$852$530$318$185$106$71
42 years$822$504$298$171$96$63
43 years$794$481$279$158$87$57
44 years$768$458$262$146$79$51
45 years$742$437$246$134$72$46
46 years$718$417$231$124$65$41
47 years$694$398$217$115$59$37
48 years$672$380$204$106$54$33
49 years$651$363$192$98$49$30
50 years$631$346$181$91$44$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $646,000, adding $2,789 every year, while hoping to spend $38,735 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: 62/9/29 Blend
56$646,000$646,000$646,000$646,000
57$714,769$680,531$670,518$753,349
58$746,462$672,663$651,766$772,051
59$780,089$663,112$631,089$788,028
60$815,807$651,753$608,379$804,657
61$853,786$638,457$583,527$822,009
62$894,215$623,084$556,418$840,166
63$937,298$605,488$526,931$859,216
64$983,260$585,514$494,941$879,263
65$1,032,346$562,997$460,314$900,417
66$1,084,825$537,764$422,915$922,807
67$1,140,994$509,631$382,599$946,573
68$1,201,176$478,404$339,217$971,874
69$1,265,726$443,875$292,610$998,885
70$1,335,034$405,829$242,617$1,027,805
71$1,409,527$364,035$189,065$1,058,851
72$1,489,676$318,250$131,776$1,092,270
73$1,575,997$268,218$70,564$1,128,333
74$1,669,055$213,667$5,234$1,167,343
75$1,769,472$154,310$0$1,209,638
76$1,877,932$89,845$0$1,275,546
77$1,995,187$19,953$0$1,348,556
78$2,122,061$0$0$1,427,578
79$2,259,462$0$0$1,518,715
80$2,408,388$0$0$1,619,679
81$2,569,936$0$0$1,729,241
82$2,745,313$0$0$1,848,227
83$2,935,845$0$0$1,977,540
84$3,142,993$0$0$2,118,179
85$3,368,362$0$0$2,271,239
86$3,613,719$0$0$2,437,927
87$3,881,009$0$0$2,619,570
88$4,172,371$0$0$2,817,629
89$4,490,161$0$0$3,033,713
90$4,836,969$0$0$3,269,591
91$5,215,650$0$0$3,527,211
92$5,629,343$0$0$3,808,719
93$6,081,507$0$0$4,116,474
94$6,575,947$0$0$4,453,078
95$7,116,855$0$0$4,821,392
96$7,708,845$0$0$5,224,568
97$8,357,000$0$0$5,666,077
98$9,066,916$0$0$6,149,742
99$9,844,753$0$0$6,679,770
100$10,697,301$0$0$7,260,797