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%16.2%
1 years$53,759$53,280$52,813$52,357$51,912$50,595
2 years$26,613$26,118$25,637$25,172$24,720$23,402
3 years$17,566$17,068$16,589$16,128$15,683$14,405
4 years$13,043$12,547$12,073$11,619$11,185$9,957
5 years$10,330$9,837$9,369$8,925$8,503$7,328
6 years$8,522$8,033$7,571$7,137$6,728$5,607
7 years$7,231$6,746$6,292$5,868$5,472$4,405
8 years$6,263$5,782$5,336$4,922$4,539$3,527
9 years$5,511$5,035$4,596$4,193$3,823$2,863
10 years$4,910$4,438$4,007$3,614$3,257$2,350
11 years$4,418$3,951$3,528$3,145$2,801$1,945
12 years$4,008$3,546$3,131$2,759$2,428$1,620
13 years$3,662$3,204$2,797$2,436$2,117$1,357
14 years$3,365$2,913$2,513$2,162$1,856$1,141
15 years$3,109$2,661$2,269$1,928$1,634$963
16 years$2,884$2,441$2,057$1,727$1,444$816
17 years$2,686$2,248$1,872$1,551$1,280$692
18 years$2,511$2,078$1,709$1,398$1,138$589
19 years$2,354$1,925$1,564$1,263$1,015$502
20 years$2,213$1,789$1,436$1,144$906$428
21 years$2,085$1,667$1,321$1,038$811$366
22 years$1,969$1,556$1,217$944$727$313
23 years$1,864$1,455$1,124$860$653$268
24 years$1,767$1,363$1,039$784$587$229
25 years$1,678$1,279$963$716$528$197
26 years$1,597$1,202$893$655$475$169
27 years$1,521$1,132$829$599$429$145
28 years$1,451$1,066$771$549$387$124
29 years$1,386$1,006$717$504$349$107
30 years$1,325$950$668$462$316$92
31 years$1,269$898$623$424$285$79
32 years$1,216$850$581$390$258$68
33 years$1,166$805$543$359$234$58
34 years$1,119$763$507$330$211$50
35 years$1,075$723$474$304$192$43
36 years$1,034$687$443$280$174$37
37 years$995$652$415$258$157$32
38 years$958$620$389$238$143$27
39 years$923$589$364$219$129$24
40 years$890$561$341$202$117$20
41 years$859$534$320$186$106$17
42 years$829$508$300$172$97$15
43 years$800$484$282$159$88$13
44 years$773$462$264$147$80$11
45 years$748$440$248$135$72$10
46 years$723$420$233$125$66$8
47 years$700$401$219$116$60$7
48 years$677$383$206$107$54$6
49 years$656$365$193$99$49$5
50 years$636$349$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $651,000, adding $2,631 every year, while hoping to spend $42,029 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: 40/48/12 Blend
56$651,000$651,000$651,000$651,000
57$720,116$685,613$675,522$746,240
58$748,849$674,489$653,434$753,807
59$779,105$661,412$629,197$757,649
60$810,993$646,241$602,695$760,879
61$844,635$628,828$573,806$763,460
62$880,163$609,016$542,404$765,356
63$917,720$586,638$508,354$766,530
64$957,463$561,519$471,520$766,945
65$999,563$533,472$431,754$766,564
66$1,044,207$502,300$388,907$765,354
67$1,091,600$467,796$342,818$763,278
68$1,141,964$429,739$293,324$760,305
69$1,195,545$387,897$240,250$756,404
70$1,252,609$342,023$183,418$751,547
71$1,313,450$291,857$122,637$745,708
72$1,378,389$237,125$57,713$738,866
73$1,447,777$177,537$0$731,006
74$1,522,000$112,785$0$723,598
75$1,601,480$42,548$0$723,137
76$1,686,680$0$0$722,260
77$1,778,109$0$0$738,712
78$1,876,324$0$0$780,585
79$1,981,938$0$0$825,675
80$2,095,622$0$0$874,276
81$2,218,116$0$0$926,713
82$2,350,229$0$0$983,341
83$2,492,853$0$0$1,044,551
84$2,646,965$0$0$1,110,774
85$2,813,642$0$0$1,182,481
86$2,994,066$0$0$1,260,191
87$3,189,536$0$0$1,344,477
88$3,401,481$0$0$1,435,967
89$3,631,473$0$0$1,535,350
90$3,881,240$0$0$1,643,387
91$4,152,683$0$0$1,760,914
92$4,447,893$0$0$1,888,851
93$4,769,172$0$0$2,028,209
94$5,119,049$0$0$2,180,103
95$5,500,313$0$0$2,345,758
96$5,916,027$0$0$2,526,523
97$6,369,566$0$0$2,723,883
98$6,864,645$0$0$2,939,474
99$7,405,352$0$0$3,175,094
100$7,996,187$0$0$3,432,724