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%11.2%
1 years$53,511$53,035$52,570$52,116$51,672$51,411
2 years$26,491$25,997$25,519$25,056$24,606$24,343
3 years$17,485$16,990$16,513$16,053$15,611$15,353
4 years$12,983$12,489$12,017$11,566$11,134$10,884
5 years$10,283$9,792$9,326$8,883$8,464$8,222
6 years$8,483$7,996$7,537$7,104$6,697$6,464
7 years$7,198$6,715$6,263$5,841$5,447$5,223
8 years$6,235$5,756$5,311$4,900$4,518$4,304
9 years$5,486$5,011$4,575$4,173$3,805$3,599
10 years$4,887$4,417$3,988$3,598$3,242$3,045
11 years$4,397$3,932$3,511$3,131$2,788$2,600
12 years$3,990$3,530$3,116$2,746$2,416$2,236
13 years$3,645$3,190$2,784$2,425$2,107$1,935
14 years$3,350$2,899$2,502$2,152$1,847$1,683
15 years$3,094$2,649$2,259$1,919$1,626$1,471
16 years$2,871$2,430$2,048$1,719$1,437$1,289
17 years$2,674$2,238$1,863$1,544$1,274$1,134
18 years$2,499$2,068$1,701$1,392$1,133$1,000
19 years$2,343$1,917$1,557$1,257$1,010$884
20 years$2,202$1,781$1,429$1,139$902$783
21 years$2,075$1,659$1,314$1,034$807$694
22 years$1,960$1,549$1,211$940$724$617
23 years$1,855$1,448$1,119$856$650$549
24 years$1,759$1,357$1,035$781$584$489
25 years$1,671$1,273$958$713$525$436
26 years$1,589$1,197$889$652$473$389
27 years$1,514$1,126$825$597$427$347
28 years$1,444$1,061$767$547$385$311
29 years$1,379$1,001$714$501$348$278
30 years$1,319$946$665$460$314$249
31 years$1,263$894$620$423$284$223
32 years$1,210$846$578$388$257$199
33 years$1,160$801$540$357$232$179
34 years$1,114$759$505$329$210$160
35 years$1,070$720$472$302$191$144
36 years$1,029$683$441$279$173$129
37 years$990$649$413$257$157$116
38 years$954$617$387$237$142$104
39 years$919$587$362$218$129$93
40 years$886$558$340$201$117$84
41 years$855$531$319$186$106$75
42 years$825$506$299$171$96$67
43 years$797$482$280$158$87$61
44 years$770$460$263$146$79$54
45 years$744$438$247$135$72$49
46 years$720$418$232$125$65$44
47 years$697$399$218$115$59$39
48 years$674$381$205$106$54$35
49 years$653$364$193$98$49$32
50 years$633$347$181$91$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $648,000, adding $4,967 every year, while hoping to spend $26,481 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: 45/43/12 Blend
56$648,000$648,000$648,000$648,000
57$719,219$684,875$674,831$748,917
58$764,404$690,259$669,263$775,425
59$813,310$695,018$662,620$801,064
60$866,289$699,096$654,839$828,275
61$923,728$702,428$645,853$857,215
62$986,051$704,950$635,592$888,055
63$1,053,727$706,591$623,983$920,987
64$1,127,269$707,276$610,948$956,223
65$1,207,243$706,925$596,408$993,996
66$1,294,272$705,455$580,278$1,034,568
67$1,389,040$702,775$562,469$1,078,227
68$1,492,302$698,790$542,891$1,125,292
69$1,604,885$693,400$521,447$1,176,118
70$1,727,704$686,497$498,037$1,231,095
71$1,861,763$677,968$472,554$1,290,659
72$2,008,168$667,693$444,889$1,355,290
73$2,168,136$655,545$414,927$1,425,519
74$2,343,007$641,388$382,549$1,501,937
75$2,534,257$625,080$347,628$1,585,194
76$2,743,511$606,469$310,033$1,676,013
77$2,972,558$585,394$269,628$1,775,190
78$3,223,368$561,688$226,270$1,883,610
79$3,498,110$535,169$179,808$2,002,248
80$3,799,173$505,648$130,088$2,132,184
81$4,129,190$472,925$76,946$2,274,612
82$4,491,056$436,788$20,213$2,430,854
83$4,887,965$397,011$0$2,602,368
84$5,323,431$353,359$0$2,795,932
85$5,801,326$305,579$0$3,011,263
86$6,325,917$253,408$0$3,247,766
87$6,901,901$196,565$0$3,507,644
88$7,534,453$134,755$0$3,793,331
89$8,229,276$67,667$0$4,107,512
90$8,992,649$0$0$4,453,154
91$9,831,491$0$0$4,835,911
92$10,753,426$0$0$5,291,854
93$11,766,851$0$0$5,793,127
94$12,881,017$0$0$6,344,317
95$14,106,117$0$0$6,950,478
96$15,453,381$0$0$7,617,177
97$16,935,183$0$0$8,350,548
98$18,565,153$0$0$9,157,350
99$20,358,311$0$0$10,045,031
100$22,331,206$0$0$11,021,794