Can I retire at age 57 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$53,842$53,362$52,894$52,437$51,991$51,342
2 years$26,654$26,158$25,677$25,210$24,758$24,104
3 years$17,593$17,094$16,615$16,152$15,707$15,070
4 years$13,063$12,566$12,091$11,637$11,203$10,586
5 years$10,346$9,852$9,383$8,938$8,516$7,923
6 years$8,535$8,045$7,583$7,148$6,738$6,169
7 years$7,242$6,756$6,302$5,877$5,480$4,934
8 years$6,273$5,791$5,344$4,930$4,546$4,025
9 years$5,520$5,042$4,603$4,199$3,829$3,330
10 years$4,917$4,445$4,013$3,620$3,262$2,787
11 years$4,425$3,957$3,533$3,150$2,806$2,354
12 years$4,014$3,551$3,135$2,763$2,431$2,002
13 years$3,668$3,209$2,801$2,439$2,120$1,712
14 years$3,371$2,917$2,517$2,165$1,858$1,472
15 years$3,113$2,665$2,272$1,931$1,636$1,270
16 years$2,889$2,445$2,060$1,729$1,446$1,100
17 years$2,690$2,252$1,875$1,554$1,282$955
18 years$2,515$2,081$1,711$1,400$1,140$832
19 years$2,357$1,928$1,567$1,265$1,016$726
20 years$2,216$1,792$1,438$1,146$908$634
21 years$2,088$1,669$1,323$1,040$812$555
22 years$1,972$1,558$1,219$946$728$487
23 years$1,867$1,457$1,126$861$654$427
24 years$1,770$1,365$1,041$785$587$375
25 years$1,681$1,281$964$717$529$330
26 years$1,599$1,204$894$656$476$290
27 years$1,523$1,133$830$600$429$256
28 years$1,453$1,068$772$550$387$225
29 years$1,388$1,007$718$504$350$199
30 years$1,327$951$669$463$316$175
31 years$1,270$899$624$425$286$154
32 years$1,217$851$582$391$258$136
33 years$1,168$806$543$359$234$120
34 years$1,121$764$508$331$212$106
35 years$1,077$725$475$304$192$94
36 years$1,036$688$444$280$174$83
37 years$996$653$416$258$158$73
38 years$959$621$389$238$143$65
39 years$925$590$365$219$130$57
40 years$891$562$342$202$117$51
41 years$860$535$320$187$107$45
42 years$830$509$301$172$97$40
43 years$802$485$282$159$88$35
44 years$775$462$265$147$80$31
45 years$749$441$249$136$72$27
46 years$724$421$234$125$66$24
47 years$701$401$219$116$60$21
48 years$679$383$206$107$54$19
49 years$657$366$194$99$49$17
50 years$637$350$182$91$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $652,000, adding $5,891 every year, while hoping to spend $30,415 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: 61/24/15 Blend
56$652,000$652,000$652,000$652,000
57$724,581$690,025$679,919$765,722
58$766,126$691,474$670,335$795,566
59$810,891$691,976$659,410$824,171
60$859,169$691,451$647,068$854,662
61$911,288$689,815$633,228$887,226
62$967,604$686,980$617,806$922,066
63$1,028,509$682,853$600,712$959,411
64$1,094,437$677,332$581,856$999,510
65$1,165,862$670,314$561,141$1,042,642
66$1,243,306$661,685$538,464$1,089,113
67$1,327,342$651,327$513,722$1,139,264
68$1,418,603$639,113$486,803$1,193,469
69$1,517,782$624,911$457,593$1,252,145
70$1,625,643$608,579$425,970$1,315,751
71$1,743,027$589,969$391,809$1,384,795
72$1,870,859$568,920$354,977$1,459,837
73$2,010,156$545,267$315,338$1,541,500
74$2,162,038$518,831$272,749$1,630,468
75$2,327,738$489,426$227,057$1,727,501
76$2,508,612$456,852$178,109$1,833,436
77$2,706,154$420,901$125,739$1,949,198
78$2,922,007$381,351$69,777$2,075,812
79$3,157,982$337,968$10,044$2,214,407
80$3,416,071$290,503$0$2,366,231
81$3,698,469$238,696$0$2,541,258
82$4,007,591$182,270$0$2,734,692
83$4,346,097$120,933$0$2,946,638
84$4,716,918$54,378$0$3,178,986
85$5,123,279$0$0$3,433,825
86$5,568,734$0$0$3,718,136
87$6,057,196$0$0$4,045,693
88$6,592,975$0$0$4,405,034
89$7,180,819$0$0$4,799,347
90$7,825,957$0$0$5,232,148
91$8,534,149$0$0$5,707,307
92$9,311,740$0$0$6,229,089
93$10,165,719$0$0$6,802,192
94$11,103,785$0$0$7,431,790
95$12,134,421$0$0$8,123,583
96$13,266,970$0$0$8,883,853
97$14,511,727$0$0$9,719,518
98$15,880,032$0$0$10,638,200
99$17,384,380$0$0$11,648,297
100$19,038,535$0$0$12,759,062