Can I retire at age 57 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$53,759$53,280$52,813$52,357$51,912$50,432
2 years$26,613$26,118$25,637$25,172$24,720$23,240
3 years$17,566$17,068$16,589$16,128$15,683$14,251
4 years$13,043$12,547$12,073$11,619$11,185$9,811
5 years$10,330$9,837$9,369$8,925$8,503$7,190
6 years$8,522$8,033$7,571$7,137$6,728$5,478
7 years$7,231$6,746$6,292$5,868$5,472$4,284
8 years$6,263$5,782$5,336$4,922$4,539$3,414
9 years$5,511$5,035$4,596$4,193$3,823$2,758
10 years$4,910$4,438$4,007$3,614$3,257$2,252
11 years$4,418$3,951$3,528$3,145$2,801$1,854
12 years$4,008$3,546$3,131$2,759$2,428$1,536
13 years$3,662$3,204$2,797$2,436$2,117$1,280
14 years$3,365$2,913$2,513$2,162$1,856$1,071
15 years$3,109$2,661$2,269$1,928$1,634$899
16 years$2,884$2,441$2,057$1,727$1,444$757
17 years$2,686$2,248$1,872$1,551$1,280$639
18 years$2,511$2,078$1,709$1,398$1,138$540
19 years$2,354$1,925$1,564$1,263$1,015$457
20 years$2,213$1,789$1,436$1,144$906$388
21 years$2,085$1,667$1,321$1,038$811$329
22 years$1,969$1,556$1,217$944$727$280
23 years$1,864$1,455$1,124$860$653$238
24 years$1,767$1,363$1,039$784$587$203
25 years$1,678$1,279$963$716$528$173
26 years$1,597$1,202$893$655$475$147
27 years$1,521$1,132$829$599$429$125
28 years$1,451$1,066$771$549$387$107
29 years$1,386$1,006$717$504$349$91
30 years$1,325$950$668$462$316$78
31 years$1,269$898$623$424$285$66
32 years$1,216$850$581$390$258$57
33 years$1,166$805$543$359$234$48
34 years$1,119$763$507$330$211$41
35 years$1,075$723$474$304$192$35
36 years$1,034$687$443$280$174$30
37 years$995$652$415$258$157$26
38 years$958$620$389$238$143$22
39 years$923$589$364$219$129$19
40 years$890$561$341$202$117$16
41 years$859$534$320$186$106$14
42 years$829$508$300$172$97$12
43 years$800$484$282$159$88$10
44 years$773$462$264$147$80$9
45 years$748$440$248$135$72$7
46 years$723$420$233$125$66$6
47 years$700$401$219$116$60$5
48 years$677$383$206$107$54$5
49 years$656$365$193$99$49$4
50 years$636$349$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $651,000, adding $3,678 every year, while hoping to spend $24,655 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: 58/20/22 Blend
56$651,000$651,000$651,000$651,000
57$721,196$686,693$676,602$758,577
58$768,525$694,108$673,036$791,865
59$819,856$701,060$668,523$825,169
60$875,569$707,501$663,008$860,941
61$936,087$713,378$656,428$899,426
62$1,001,870$718,636$648,720$940,892
63$1,073,428$723,216$639,820$985,637
64$1,151,320$727,056$629,656$1,033,990
65$1,236,161$730,088$618,156$1,086,315
66$1,328,629$732,242$605,244$1,143,012
67$1,429,471$733,443$590,841$1,204,523
68$1,539,505$733,610$574,862$1,271,339
69$1,659,637$732,659$557,222$1,343,997
70$1,790,859$730,499$537,829$1,423,095
71$1,934,267$727,034$516,587$1,509,291
72$2,091,067$722,163$493,396$1,603,310
73$2,262,584$715,777$468,153$1,705,955
74$2,450,280$707,763$440,749$1,818,111
75$2,655,764$697,998$411,069$1,940,755
76$2,880,807$686,355$378,995$2,074,965
77$3,127,360$672,698$344,403$2,221,932
78$3,397,572$656,882$307,162$2,382,969
79$3,693,810$638,754$267,137$2,559,525
80$4,018,678$618,153$224,186$2,753,202
81$4,375,049$594,908$178,161$2,965,763
82$4,766,083$568,837$128,909$3,199,156
83$5,195,263$539,749$76,267$3,455,532
84$5,666,425$507,442$20,067$3,737,261
85$6,183,794$471,701$0$4,046,959
86$6,752,027$432,300$0$4,396,880
87$7,376,250$388,999$0$4,786,476
88$8,062,112$341,545$0$5,214,589
89$8,815,837$289,670$0$5,685,140
90$9,644,281$233,092$0$6,202,452
91$10,554,996$171,513$0$6,771,289
92$11,556,306$104,617$0$7,396,904
93$12,657,377$32,071$0$8,085,086
94$13,868,310$0$0$8,842,217
95$15,200,235$0$0$9,685,561
96$16,665,413$0$0$10,621,105
97$18,277,353$0$0$11,650,424
98$20,050,942$0$0$12,783,032
99$22,002,580$0$0$14,029,410
100$24,150,338$0$0$15,401,107