Can I retire at age 57 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$53,594$53,116$52,651$52,196$51,752$50,156
2 years$26,532$26,037$25,559$25,094$24,644$23,050
3 years$17,512$17,016$16,538$16,078$15,635$14,093
4 years$13,003$12,508$12,035$11,583$11,151$9,673
5 years$10,299$9,807$9,340$8,897$8,477$7,066
6 years$8,496$8,008$7,548$7,115$6,707$5,366
7 years$7,209$6,725$6,273$5,850$5,455$4,182
8 years$6,244$5,765$5,320$4,907$4,525$3,321
9 years$5,494$5,019$4,582$4,180$3,811$2,673
10 years$4,895$4,424$3,994$3,603$3,247$2,175
11 years$4,404$3,939$3,517$3,136$2,793$1,783
12 years$3,996$3,535$3,121$2,750$2,420$1,472
13 years$3,651$3,195$2,788$2,428$2,110$1,221
14 years$3,355$2,904$2,505$2,156$1,850$1,017
15 years$3,099$2,653$2,262$1,922$1,629$850
16 years$2,875$2,434$2,051$1,721$1,440$713
17 years$2,678$2,241$1,866$1,547$1,276$599
18 years$2,503$2,071$1,704$1,394$1,135$504
19 years$2,346$1,920$1,560$1,259$1,012$425
20 years$2,206$1,784$1,431$1,141$904$359
21 years$2,079$1,661$1,317$1,035$809$303
22 years$1,963$1,551$1,213$941$725$257
23 years$1,858$1,451$1,120$857$651$217
24 years$1,762$1,359$1,036$782$585$184
25 years$1,673$1,275$960$714$526$156
26 years$1,592$1,199$890$653$474$132
27 years$1,516$1,128$826$598$427$112
28 years$1,446$1,063$768$547$386$95
29 years$1,382$1,003$715$502$348$81
30 years$1,321$947$666$461$315$69
31 years$1,265$895$621$423$284$58
32 years$1,212$847$579$389$257$50
33 years$1,162$802$541$358$233$42
34 years$1,116$760$505$329$211$36
35 years$1,072$721$472$303$191$30
36 years$1,031$685$442$279$173$26
37 years$992$650$414$257$157$22
38 years$955$618$387$237$142$19
39 years$920$588$363$218$129$16
40 years$887$559$340$201$117$13
41 years$856$532$319$186$106$11
42 years$826$507$299$172$96$10
43 years$798$483$281$158$87$8
44 years$771$460$264$146$79$7
45 years$745$439$247$135$72$6
46 years$721$419$232$125$65$5
47 years$698$400$218$115$59$4
48 years$675$381$205$106$54$4
49 years$654$364$193$98$49$3
50 years$634$348$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $649,000, adding $4,049 every year, while hoping to spend $52,138 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: 86/9/5 Blend
56$649,000$649,000$649,000$649,000
57$719,375$684,978$674,918$780,919
58$737,276$663,067$642,053$799,714
59$755,257$638,335$606,340$812,737
60$773,268$610,590$567,628$825,357
61$791,258$579,625$525,760$837,493
62$809,165$545,225$480,572$849,061
63$826,920$507,161$431,891$859,965
64$844,446$465,192$379,539$870,098
65$861,654$419,061$323,329$879,344
66$878,447$368,499$263,064$887,574
67$894,712$313,220$198,541$894,647
68$910,327$252,921$129,546$900,404
69$925,152$187,286$55,857$904,673
70$939,031$115,976$0$907,262
71$951,790$38,637$0$909,176
72$963,235$0$0$912,227
73$973,151$0$0$917,656
74$981,295$0$0$925,229
75$987,400$0$0$930,865
76$991,166$0$0$934,280
77$992,263$0$0$935,160
78$990,322$0$0$933,155
79$984,934$0$0$927,879
80$975,644$0$0$918,900
81$961,950$0$0$905,740
82$943,292$0$0$887,872
83$919,054$0$0$864,708
84$888,548$0$0$835,599
85$851,017$0$0$799,826
86$805,621$0$0$756,592
87$751,430$0$0$705,016
88$687,416$0$0$644,124
89$612,442$0$0$572,838
90$525,250$0$0$489,966
91$424,451$0$0$394,190
92$308,507$0$0$284,053
93$175,720$0$0$157,946
94$24,216$0$0$14,092
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0