Can I retire at age 57 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$53,429$52,953$52,488$52,035$51,593$50,613
2 years$26,450$25,957$25,480$25,017$24,568$23,585
3 years$17,458$16,963$16,487$16,029$15,587$14,631
4 years$12,963$12,470$11,998$11,548$11,117$10,195
5 years$10,267$9,777$9,311$8,870$8,451$7,566
6 years$8,470$7,983$7,525$7,093$6,687$5,841
7 years$7,187$6,704$6,253$5,832$5,438$4,630
8 years$6,225$5,747$5,303$4,892$4,511$3,742
9 years$5,477$5,004$4,568$4,167$3,799$3,067
10 years$4,879$4,410$3,982$3,592$3,237$2,542
11 years$4,391$3,926$3,506$3,126$2,784$2,125
12 years$3,984$3,524$3,111$2,742$2,413$1,789
13 years$3,639$3,185$2,780$2,421$2,104$1,514
14 years$3,345$2,895$2,498$2,149$1,844$1,288
15 years$3,090$2,645$2,255$1,916$1,624$1,099
16 years$2,866$2,426$2,045$1,716$1,435$941
17 years$2,670$2,235$1,860$1,542$1,272$808
18 years$2,495$2,065$1,698$1,389$1,131$696
19 years$2,339$1,914$1,555$1,255$1,008$600
20 years$2,199$1,778$1,427$1,137$901$518
21 years$2,072$1,656$1,312$1,032$806$448
22 years$1,957$1,546$1,210$938$723$388
23 years$1,852$1,446$1,117$855$649$336
24 years$1,756$1,355$1,033$779$583$292
25 years$1,668$1,271$957$712$525$253
26 years$1,587$1,195$887$651$473$220
27 years$1,512$1,125$824$596$426$191
28 years$1,442$1,060$766$546$384$166
29 years$1,377$1,000$713$501$347$145
30 years$1,317$944$664$459$314$126
31 years$1,261$893$619$422$284$110
32 years$1,208$845$577$388$257$96
33 years$1,159$800$539$357$232$83
34 years$1,112$758$504$328$210$73
35 years$1,069$719$471$302$190$63
36 years$1,028$682$441$278$172$55
37 years$989$648$412$256$156$48
38 years$952$616$386$236$142$42
39 years$917$586$362$218$129$37
40 years$885$557$339$201$117$32
41 years$853$530$318$185$106$28
42 years$824$505$298$171$96$24
43 years$796$481$280$158$87$21
44 years$769$459$263$146$79$18
45 years$743$438$247$135$72$16
46 years$719$417$232$124$65$14
47 years$696$398$218$115$59$12
48 years$673$380$205$106$54$11
49 years$652$363$192$98$49$9
50 years$632$347$181$91$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $647,000, adding $6,999 every year, while hoping to spend $26,045 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: 36/48/16 Blend
56$647,000$647,000$647,000$647,000
57$720,213$685,922$675,894$742,391
58$765,964$691,821$670,825$764,964
59$815,507$697,136$664,713$786,342
60$869,204$701,810$657,496$808,864
61$927,449$705,785$649,108$832,646
62$990,677$708,997$639,481$857,818
63$1,059,366$711,378$628,544$884,523
64$1,134,042$712,856$616,221$912,922
65$1,215,283$713,355$602,433$943,193
66$1,303,727$712,794$587,099$975,533
67$1,400,073$711,087$570,133$1,010,164
68$1,505,092$708,142$551,444$1,047,329
69$1,619,633$703,862$530,939$1,087,303
70$1,744,630$698,145$508,520$1,130,386
71$1,881,109$690,882$484,082$1,176,915
72$2,030,203$681,956$457,520$1,227,262
73$2,193,157$671,245$428,720$1,281,842
74$2,371,342$658,619$397,566$1,341,114
75$2,566,269$643,941$363,934$1,405,587
76$2,779,599$627,065$327,696$1,475,827
77$3,013,163$607,836$288,719$1,552,459
78$3,268,977$586,091$246,862$1,636,179
79$3,549,261$561,658$201,981$1,727,755
80$3,856,460$534,354$153,921$1,828,041
81$4,193,266$503,984$102,524$1,937,982
82$4,562,645$470,345$47,625$2,058,622
83$4,967,862$433,220$0$2,191,122
84$5,412,517$392,380$0$2,338,633
85$5,900,571$347,585$0$2,509,504
86$6,436,391$298,577$0$2,697,196
87$7,024,783$245,088$0$2,903,483
88$7,671,046$186,832$0$3,130,321
89$8,381,014$123,509$0$3,379,874
90$9,161,116$54,799$0$3,654,532
91$10,018,433$0$0$3,956,934
92$10,960,768$0$0$4,300,367
93$11,996,715$0$0$4,709,837
94$13,135,744$0$0$5,160,153
95$14,388,287$0$0$5,655,454
96$15,765,841$0$0$6,200,298
97$17,281,068$0$0$6,799,707
98$18,947,922$0$0$7,459,216
99$20,781,777$0$0$8,184,923
100$22,799,572$0$0$8,983,544