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%12%
1 years$53,759$53,280$52,813$52,357$51,912$51,477
2 years$26,613$26,118$25,637$25,172$24,720$24,281
3 years$17,566$17,068$16,589$16,128$15,683$15,255
4 years$13,043$12,547$12,073$11,619$11,185$10,771
5 years$10,330$9,837$9,369$8,925$8,503$8,103
6 years$8,522$8,033$7,571$7,137$6,728$6,343
7 years$7,231$6,746$6,292$5,868$5,472$5,102
8 years$6,263$5,782$5,336$4,922$4,539$4,185
9 years$5,511$5,035$4,596$4,193$3,823$3,484
10 years$4,910$4,438$4,007$3,614$3,257$2,933
11 years$4,418$3,951$3,528$3,145$2,801$2,492
12 years$4,008$3,546$3,131$2,759$2,428$2,133
13 years$3,662$3,204$2,797$2,436$2,117$1,837
14 years$3,365$2,913$2,513$2,162$1,856$1,589
15 years$3,109$2,661$2,269$1,928$1,634$1,381
16 years$2,884$2,441$2,057$1,727$1,444$1,204
17 years$2,686$2,248$1,872$1,551$1,280$1,053
18 years$2,511$2,078$1,709$1,398$1,138$923
19 years$2,354$1,925$1,564$1,263$1,015$811
20 years$2,213$1,789$1,436$1,144$906$714
21 years$2,085$1,667$1,321$1,038$811$630
22 years$1,969$1,556$1,217$944$727$556
23 years$1,864$1,455$1,124$860$653$492
24 years$1,767$1,363$1,039$784$587$436
25 years$1,678$1,279$963$716$528$386
26 years$1,597$1,202$893$655$475$342
27 years$1,521$1,132$829$599$429$304
28 years$1,451$1,066$771$549$387$270
29 years$1,386$1,006$717$504$349$240
30 years$1,325$950$668$462$316$213
31 years$1,269$898$623$424$285$190
32 years$1,216$850$581$390$258$169
33 years$1,166$805$543$359$234$150
34 years$1,119$763$507$330$211$134
35 years$1,075$723$474$304$192$119
36 years$1,034$687$443$280$174$106
37 years$995$652$415$258$157$95
38 years$958$620$389$238$143$84
39 years$923$589$364$219$129$75
40 years$890$561$341$202$117$67
41 years$859$534$320$186$106$60
42 years$829$508$300$172$97$53
43 years$800$484$282$159$88$48
44 years$773$462$264$147$80$42
45 years$748$440$248$135$72$38
46 years$723$420$233$125$66$34
47 years$700$401$219$116$60$30
48 years$677$383$206$107$54$27
49 years$656$365$193$99$49$24
50 years$636$349$182$91$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $651,000, adding $5,406 every year, while hoping to spend $37,534 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: 65/17/18 Blend
56$651,000$651,000$651,000$651,000
57$722,978$688,475$678,385$766,395
58$756,786$682,275$661,175$789,976
59$792,785$674,512$642,130$810,936
60$831,157$665,072$621,150$832,940
61$872,105$653,830$598,129$856,092
62$915,849$640,658$572,955$880,505
63$962,631$625,415$545,515$906,307
64$1,012,716$607,957$515,686$933,638
65$1,066,394$588,128$483,342$962,657
66$1,123,984$565,764$448,352$993,538
67$1,185,836$540,692$410,578$1,026,474
68$1,252,334$512,729$369,875$1,061,682
69$1,323,900$481,680$326,093$1,099,401
70$1,400,995$447,340$279,075$1,139,897
71$1,484,130$409,492$228,657$1,183,465
72$1,573,861$367,908$174,667$1,230,431
73$1,670,803$322,343$116,926$1,281,161
74$1,775,630$272,543$55,248$1,336,055
75$1,889,083$218,236$0$1,395,561
76$2,011,976$159,137$0$1,462,204
77$2,145,207$94,944$0$1,545,957
78$2,289,759$25,337$0$1,636,848
79$2,446,717$0$0$1,735,592
80$2,617,271$0$0$1,852,336
81$2,802,733$0$0$1,984,476
82$3,004,545$0$0$2,128,306
83$3,224,293$0$0$2,284,960
84$3,463,725$0$0$2,455,690
85$3,724,761$0$0$2,641,871
86$4,009,516$0$0$2,845,016
87$4,320,318$0$0$3,066,794
88$4,659,730$0$0$3,309,037
89$5,030,572$0$0$3,573,766
90$5,435,950$0$0$3,863,205
91$5,879,283$0$0$4,179,802
92$6,364,335$0$0$4,526,251
93$6,895,251$0$0$4,905,522
94$7,476,596$0$0$5,320,883
95$8,113,396$0$0$5,775,932
96$8,811,186$0$0$6,274,635
97$9,576,063$0$0$6,821,357
98$10,414,741$0$0$7,420,906
99$11,334,615$0$0$8,078,577
100$12,343,829$0$0$8,800,204