Can I retire at age 57 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$53,676$53,198$52,732$52,276$51,832$49,953
2 years$26,572$26,078$25,598$25,133$24,682$22,810
3 years$17,539$17,042$16,564$16,103$15,659$13,852
4 years$13,023$12,528$12,054$11,601$11,168$9,441
5 years$10,314$9,822$9,354$8,911$8,490$6,846
6 years$8,509$8,020$7,560$7,126$6,718$5,159
7 years$7,220$6,735$6,282$5,859$5,463$3,989
8 years$6,254$5,773$5,328$4,915$4,532$3,141
9 years$5,503$5,027$4,589$4,186$3,817$2,507
10 years$4,902$4,431$4,001$3,609$3,252$2,022
11 years$4,411$3,945$3,522$3,141$2,797$1,643
12 years$4,002$3,540$3,126$2,755$2,424$1,344
13 years$3,656$3,200$2,793$2,432$2,114$1,104
14 years$3,360$2,908$2,509$2,159$1,853$911
15 years$3,104$2,657$2,266$1,925$1,631$754
16 years$2,880$2,438$2,054$1,724$1,442$626
17 years$2,682$2,245$1,869$1,549$1,278$520
18 years$2,507$2,074$1,706$1,396$1,137$433
19 years$2,350$1,923$1,562$1,261$1,013$362
20 years$2,209$1,786$1,433$1,142$905$302
21 years$2,082$1,664$1,319$1,037$810$252
22 years$1,966$1,553$1,215$943$726$211
23 years$1,861$1,453$1,122$858$652$177
24 years$1,764$1,361$1,038$783$586$148
25 years$1,676$1,277$961$715$527$124
26 years$1,594$1,201$891$654$475$104
27 years$1,519$1,130$828$598$428$87
28 years$1,449$1,065$769$548$386$73
29 years$1,384$1,004$716$503$349$62
30 years$1,323$949$667$461$315$52
31 years$1,267$897$622$424$285$43
32 years$1,214$848$580$390$258$36
33 years$1,164$803$542$358$233$31
34 years$1,117$762$506$330$211$26
35 years$1,074$722$473$303$191$22
36 years$1,032$686$443$279$173$18
37 years$993$651$414$257$157$15
38 years$957$619$388$237$142$13
39 years$922$588$364$219$129$11
40 years$889$560$341$202$117$9
41 years$857$533$319$186$106$8
42 years$828$508$300$172$96$6
43 years$799$484$281$159$87$5
44 years$772$461$264$146$79$5
45 years$747$440$248$135$72$4
46 years$722$419$233$125$65$3
47 years$699$400$219$115$59$3
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $650,000, adding $5,552 every year, while hoping to spend $29,304 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: 42/32/26 Blend
56$650,000$650,000$650,000$650,000
57$722,027$687,577$677,502$746,655
58$764,494$690,089$669,019$767,356
59$810,311$691,742$659,270$786,563
60$859,789$692,463$648,181$806,794
61$913,268$692,174$635,675$828,159
62$971,124$690,793$621,673$850,783
63$1,033,769$688,233$606,090$874,806
64$1,101,657$684,400$588,838$900,382
65$1,175,287$679,197$569,825$927,685
66$1,255,207$672,518$548,955$956,907
67$1,342,020$664,253$526,126$988,264
68$1,436,390$654,285$501,235$1,021,994
69$1,539,046$642,489$474,171$1,058,365
70$1,650,791$628,734$444,818$1,097,674
71$1,772,510$612,880$413,057$1,140,249
72$1,905,174$594,779$378,763$1,186,459
73$2,049,853$574,274$341,803$1,236,710
74$2,207,726$551,202$302,041$1,291,456
75$2,380,089$525,385$259,334$1,351,199
76$2,568,368$496,640$213,533$1,416,497
77$2,774,136$464,769$164,480$1,487,971
78$2,999,122$429,567$112,014$1,566,307
79$3,245,230$390,813$55,964$1,652,269
80$3,514,557$348,277$0$1,746,700
81$3,809,412$301,713$0$1,851,607
82$4,132,338$250,863$0$1,983,597
83$4,486,136$195,454$0$2,128,333
84$4,873,888$135,198$0$2,287,143
85$5,298,991$69,789$0$2,461,498
86$5,765,185$0$0$2,653,021
87$6,276,591$0$0$2,863,888
88$6,837,746$0$0$3,122,316
89$7,453,649$0$0$3,406,043
90$8,129,804$0$0$3,717,615
91$8,872,278$0$0$4,059,838
92$9,687,751$0$0$4,435,803
93$10,583,584$0$0$4,848,916
94$11,567,883$0$0$5,302,927
95$12,649,581$0$0$5,801,969
96$13,838,518$0$0$6,350,594
97$15,145,535$0$0$6,953,820
98$16,582,575$0$0$7,617,171
99$18,162,798$0$0$8,346,737
100$19,900,701$0$0$9,149,227