Can I retire at age 57 with 648,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$53,511$53,035$52,570$52,116$51,672$51,090
2 years$26,491$25,997$25,519$25,056$24,606$24,020
3 years$17,485$16,990$16,513$16,053$15,611$15,039
4 years$12,983$12,489$12,017$11,566$11,134$10,581
5 years$10,283$9,792$9,326$8,883$8,464$7,931
6 years$8,483$7,996$7,537$7,104$6,697$6,185
7 years$7,198$6,715$6,263$5,841$5,447$4,956
8 years$6,235$5,756$5,311$4,900$4,518$4,049
9 years$5,486$5,011$4,575$4,173$3,805$3,357
10 years$4,887$4,417$3,988$3,598$3,242$2,814
11 years$4,397$3,932$3,511$3,131$2,788$2,381
12 years$3,990$3,530$3,116$2,746$2,416$2,029
13 years$3,645$3,190$2,784$2,425$2,107$1,739
14 years$3,350$2,899$2,502$2,152$1,847$1,498
15 years$3,094$2,649$2,259$1,919$1,626$1,295
16 years$2,871$2,430$2,048$1,719$1,437$1,124
17 years$2,674$2,238$1,863$1,544$1,274$978
18 years$2,499$2,068$1,701$1,392$1,133$853
19 years$2,343$1,917$1,557$1,257$1,010$746
20 years$2,202$1,781$1,429$1,139$902$654
21 years$2,075$1,659$1,314$1,034$807$573
22 years$1,960$1,549$1,211$940$724$504
23 years$1,855$1,448$1,119$856$650$443
24 years$1,759$1,357$1,035$781$584$390
25 years$1,671$1,273$958$713$525$344
26 years$1,589$1,197$889$652$473$303
27 years$1,514$1,126$825$597$427$268
28 years$1,444$1,061$767$547$385$236
29 years$1,379$1,001$714$501$348$209
30 years$1,319$946$665$460$314$185
31 years$1,263$894$620$423$284$163
32 years$1,210$846$578$388$257$145
33 years$1,160$801$540$357$232$128
34 years$1,114$759$505$329$210$113
35 years$1,070$720$472$302$191$100
36 years$1,029$683$441$279$173$89
37 years$990$649$413$257$157$79
38 years$954$617$387$237$142$70
39 years$919$587$362$218$129$62
40 years$886$558$340$201$117$55
41 years$855$531$319$186$106$49
42 years$825$506$299$171$96$43
43 years$797$482$280$158$87$38
44 years$770$460$263$146$79$34
45 years$744$438$247$135$72$30
46 years$720$418$232$125$65$27
47 years$697$399$218$115$59$24
48 years$674$381$205$106$54$21
49 years$653$364$193$98$49$19
50 years$633$347$181$91$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $648,000, adding $5,555 every year, while hoping to spend $42,566 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: 38/49/13 Blend
56$648,000$648,000$648,000$648,000
57$719,826$685,482$675,438$744,143
58$747,958$673,781$652,775$750,289
59$777,534$660,079$627,927$752,388
60$808,654$644,235$600,774$753,727
61$841,431$626,097$571,194$754,257
62$875,985$605,504$539,057$753,929
63$912,448$582,287$504,229$752,694
64$950,965$556,266$466,568$750,500
65$991,693$527,252$425,927$747,296
66$1,034,802$495,043$382,152$743,031
67$1,080,479$459,428$335,081$737,651
68$1,128,930$420,182$284,549$731,105
69$1,180,377$377,068$230,378$723,340
70$1,235,066$329,834$172,385$714,306
71$1,293,263$278,216$110,380$703,952
72$1,355,260$221,933$44,163$692,231
73$1,421,380$160,691$0$679,097
74$1,491,971$94,176$0$668,184
75$1,567,420$22,058$0$662,552
76$1,648,147$0$0$656,067
77$1,734,616$0$0$678,934
78$1,827,332$0$0$716,265
79$1,926,853$0$0$756,398
80$2,033,789$0$0$799,588
81$2,148,810$0$0$846,114
82$2,272,651$0$0$896,281
83$2,406,121$0$0$950,428
84$2,550,107$0$0$1,008,923
85$2,705,584$0$0$1,072,173
86$2,873,625$0$0$1,140,626
87$3,055,405$0$0$1,214,772
88$3,252,220$0$0$1,295,152
89$3,465,493$0$0$1,382,360
90$3,696,789$0$0$1,477,049
91$3,947,828$0$0$1,579,937
92$4,220,503$0$0$1,691,815
93$4,516,896$0$0$1,813,552
94$4,839,296$0$0$1,946,105
95$5,190,224$0$0$2,090,527
96$5,572,453$0$0$2,247,977
97$5,989,033$0$0$2,419,729
98$6,443,322$0$0$2,607,188
99$6,939,016$0$0$2,811,897
100$7,480,182$0$0$3,035,559