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%13.5%
1 years$53,676$53,198$52,732$52,276$51,832$51,078
2 years$26,572$26,078$25,598$25,133$24,682$23,924
3 years$17,539$17,042$16,564$16,103$15,659$14,921
4 years$13,023$12,528$12,054$11,601$11,168$10,455
5 years$10,314$9,822$9,354$8,911$8,490$7,804
6 years$8,509$8,020$7,560$7,126$6,718$6,060
7 years$7,220$6,735$6,282$5,859$5,463$4,834
8 years$6,254$5,773$5,328$4,915$4,532$3,931
9 years$5,503$5,027$4,589$4,186$3,817$3,244
10 years$4,902$4,431$4,001$3,609$3,252$2,706
11 years$4,411$3,945$3,522$3,141$2,797$2,278
12 years$4,002$3,540$3,126$2,755$2,424$1,931
13 years$3,656$3,200$2,793$2,432$2,114$1,647
14 years$3,360$2,908$2,509$2,159$1,853$1,411
15 years$3,104$2,657$2,266$1,925$1,631$1,213
16 years$2,880$2,438$2,054$1,724$1,442$1,047
17 years$2,682$2,245$1,869$1,549$1,278$906
18 years$2,507$2,074$1,706$1,396$1,137$786
19 years$2,350$1,923$1,562$1,261$1,013$683
20 years$2,209$1,786$1,433$1,142$905$595
21 years$2,082$1,664$1,319$1,037$810$519
22 years$1,966$1,553$1,215$943$726$453
23 years$1,861$1,453$1,122$858$652$396
24 years$1,764$1,361$1,038$783$586$347
25 years$1,676$1,277$961$715$527$304
26 years$1,594$1,201$891$654$475$266
27 years$1,519$1,130$828$598$428$233
28 years$1,449$1,065$769$548$386$205
29 years$1,384$1,004$716$503$349$180
30 years$1,323$949$667$461$315$158
31 years$1,267$897$622$424$285$139
32 years$1,214$848$580$390$258$122
33 years$1,164$803$542$358$233$107
34 years$1,117$762$506$330$211$94
35 years$1,074$722$473$303$191$83
36 years$1,032$686$443$279$173$73
37 years$993$651$414$257$157$64
38 years$957$619$388$237$142$57
39 years$922$588$364$219$129$50
40 years$889$560$341$202$117$44
41 years$857$533$319$186$106$39
42 years$828$508$300$172$96$34
43 years$799$484$281$159$87$30
44 years$772$461$264$146$79$26
45 years$747$440$248$135$72$23
46 years$722$419$233$125$65$20
47 years$699$400$219$115$59$18
48 years$676$382$206$107$54$16
49 years$655$365$193$99$49$14
50 years$635$348$182$91$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $650,000, adding $5,743 every year, while hoping to spend $43,649 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: 83/5/12 Blend
56$650,000$650,000$650,000$650,000
57$722,224$687,774$677,699$780,171
58$749,449$675,033$653,960$806,232
59$777,987$660,204$627,962$828,467
60$807,928$643,140$599,585$851,575
61$839,366$623,683$568,700$875,622
62$872,405$601,667$535,175$900,675
63$907,158$576,917$498,871$926,812
64$943,747$549,245$459,643$954,118
65$982,306$518,455$417,338$982,686
66$1,022,981$484,339$371,798$1,012,618
67$1,065,930$446,676$322,858$1,044,027
68$1,111,325$405,234$270,344$1,077,038
69$1,159,356$359,766$214,077$1,111,789
70$1,210,228$310,012$153,866$1,148,431
71$1,264,167$255,699$89,516$1,187,130
72$1,321,418$196,534$20,821$1,228,072
73$1,382,251$132,212$0$1,271,461
74$1,446,959$62,409$0$1,324,240
75$1,515,864$0$0$1,383,219
76$1,589,319$0$0$1,446,760
77$1,667,710$0$0$1,518,243
78$1,751,459$0$0$1,594,620
79$1,841,031$0$0$1,676,315
80$1,936,932$0$0$1,763,793
81$2,039,722$0$0$1,857,564
82$2,150,011$0$0$1,958,186
83$2,268,469$0$0$2,066,272
84$2,395,834$0$0$2,182,497
85$2,532,914$0$0$2,307,598
86$2,680,596$0$0$2,442,388
87$2,839,855$0$0$2,587,759
88$3,011,762$0$0$2,744,689
89$3,197,494$0$0$2,914,254
90$3,398,345$0$0$3,097,638
91$3,615,737$0$0$3,296,140
92$3,851,231$0$0$3,511,190
93$4,106,546$0$0$3,744,358
94$4,383,571$0$0$3,997,372
95$4,684,385$0$0$4,272,134
96$5,011,274$0$0$4,570,732
97$5,366,751$0$0$4,895,467
98$5,753,583$0$0$5,248,868
99$6,174,813$0$0$5,633,720
100$6,633,792$0$0$6,053,084