Can I retire at age 57 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$53,511$53,035$52,570$52,116$51,672$50,362
2 years$26,491$25,997$25,519$25,056$24,606$23,294
3 years$17,485$16,990$16,513$16,053$15,611$14,339
4 years$12,983$12,489$12,017$11,566$11,134$9,911
5 years$10,283$9,792$9,326$8,883$8,464$7,294
6 years$8,483$7,996$7,537$7,104$6,697$5,582
7 years$7,198$6,715$6,263$5,841$5,447$4,385
8 years$6,235$5,756$5,311$4,900$4,518$3,511
9 years$5,486$5,011$4,575$4,173$3,805$2,850
10 years$4,887$4,417$3,988$3,598$3,242$2,339
11 years$4,397$3,932$3,511$3,131$2,788$1,936
12 years$3,990$3,530$3,116$2,746$2,416$1,612
13 years$3,645$3,190$2,784$2,425$2,107$1,350
14 years$3,350$2,899$2,502$2,152$1,847$1,136
15 years$3,094$2,649$2,259$1,919$1,626$959
16 years$2,871$2,430$2,048$1,719$1,437$812
17 years$2,674$2,238$1,863$1,544$1,274$689
18 years$2,499$2,068$1,701$1,392$1,133$586
19 years$2,343$1,917$1,557$1,257$1,010$499
20 years$2,202$1,781$1,429$1,139$902$426
21 years$2,075$1,659$1,314$1,034$807$364
22 years$1,960$1,549$1,211$940$724$311
23 years$1,855$1,448$1,119$856$650$267
24 years$1,759$1,357$1,035$781$584$228
25 years$1,671$1,273$958$713$525$196
26 years$1,589$1,197$889$652$473$168
27 years$1,514$1,126$825$597$427$144
28 years$1,444$1,061$767$547$385$124
29 years$1,379$1,001$714$501$348$106
30 years$1,319$946$665$460$314$91
31 years$1,263$894$620$423$284$78
32 years$1,210$846$578$388$257$67
33 years$1,160$801$540$357$232$58
34 years$1,114$759$505$329$210$50
35 years$1,070$720$472$302$191$43
36 years$1,029$683$441$279$173$37
37 years$990$649$413$257$157$32
38 years$954$617$387$237$142$27
39 years$919$587$362$218$129$23
40 years$886$558$340$201$117$20
41 years$855$531$319$186$106$17
42 years$825$506$299$171$96$15
43 years$797$482$280$158$87$13
44 years$770$460$263$146$79$11
45 years$744$438$247$135$72$10
46 years$720$418$232$125$65$8
47 years$697$399$218$115$59$7
48 years$674$381$205$106$54$6
49 years$653$364$193$98$49$5
50 years$633$347$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $648,000, adding $6,554 every year, while hoping to spend $25,639 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: 55/21/24 Blend
56$648,000$648,000$648,000$648,000
57$720,856$686,512$676,468$755,431
58$767,104$692,872$671,850$786,251
59$817,210$698,684$666,218$816,567
60$871,540$703,894$659,511$849,047
61$930,497$708,445$651,665$883,905
62$994,525$712,276$642,613$921,381
63$1,064,111$715,322$632,285$961,739
64$1,139,791$717,513$620,608$1,005,270
65$1,222,156$718,777$607,504$1,052,296
66$1,311,854$719,036$592,894$1,103,175
67$1,409,600$718,206$576,693$1,158,299
68$1,516,180$716,199$558,813$1,218,105
69$1,632,460$712,921$539,162$1,283,073
70$1,759,391$708,275$517,644$1,353,735
71$1,898,023$702,154$494,159$1,430,679
72$2,049,509$694,448$468,601$1,514,553
73$2,215,120$685,037$440,861$1,606,075
74$2,396,255$673,796$410,822$1,706,036
75$2,594,454$660,594$378,366$1,815,311
76$2,811,414$645,288$343,367$1,934,866
77$3,049,002$627,731$305,694$2,065,768
78$3,309,275$607,765$265,209$2,209,194
79$3,594,498$585,222$221,771$2,366,446
80$3,907,166$559,927$175,229$2,538,960
81$4,250,025$531,692$125,428$2,728,321
82$4,626,103$500,320$72,204$2,936,280
83$5,038,732$465,602$15,389$3,164,769
84$5,491,582$427,316$0$3,415,919
85$5,988,699$385,230$0$3,703,671
86$6,534,537$339,097$0$4,023,996
87$7,134,002$288,655$0$4,375,865
88$7,792,501$233,630$0$4,762,492
89$8,515,987$173,729$0$5,187,424
90$9,311,022$108,645$0$5,654,567
91$10,184,832$38,055$0$6,168,230
92$11,145,379$0$0$6,733,163
93$12,201,435$0$0$7,363,473
94$13,362,665$0$0$8,066,293
95$14,639,715$0$0$8,839,279
96$16,044,318$0$0$9,689,543
97$17,589,398$0$0$10,624,915
98$19,289,195$0$0$11,654,028
99$21,159,401$0$0$12,786,389
100$23,217,303$0$0$14,032,477