Can I retire at age 57 with 652,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$53,842$53,362$52,894$52,437$51,991$50,983
2 years$26,654$26,158$25,677$25,210$24,758$23,746
3 years$17,593$17,094$16,615$16,152$15,707$14,724
4 years$13,063$12,566$12,091$11,637$11,203$10,255
5 years$10,346$9,852$9,383$8,938$8,516$7,607
6 years$8,535$8,045$7,583$7,148$6,738$5,868
7 years$7,242$6,756$6,302$5,877$5,480$4,650
8 years$6,273$5,791$5,344$4,930$4,546$3,755
9 years$5,520$5,042$4,603$4,199$3,829$3,076
10 years$4,917$4,445$4,013$3,620$3,262$2,548
11 years$4,425$3,957$3,533$3,150$2,806$2,129
12 years$4,014$3,551$3,135$2,763$2,431$1,791
13 years$3,668$3,209$2,801$2,439$2,120$1,515
14 years$3,371$2,917$2,517$2,165$1,858$1,287
15 years$3,113$2,665$2,272$1,931$1,636$1,098
16 years$2,889$2,445$2,060$1,729$1,446$940
17 years$2,690$2,252$1,875$1,554$1,282$806
18 years$2,515$2,081$1,711$1,400$1,140$693
19 years$2,357$1,928$1,567$1,265$1,016$598
20 years$2,216$1,792$1,438$1,146$908$516
21 years$2,088$1,669$1,323$1,040$812$446
22 years$1,972$1,558$1,219$946$728$386
23 years$1,867$1,457$1,126$861$654$334
24 years$1,770$1,365$1,041$785$587$290
25 years$1,681$1,281$964$717$529$251
26 years$1,599$1,204$894$656$476$218
27 years$1,523$1,133$830$600$429$189
28 years$1,453$1,068$772$550$387$165
29 years$1,388$1,007$718$504$350$143
30 years$1,327$951$669$463$316$124
31 years$1,270$899$624$425$286$108
32 years$1,217$851$582$391$258$94
33 years$1,168$806$543$359$234$82
34 years$1,121$764$508$331$212$71
35 years$1,077$725$475$304$192$62
36 years$1,036$688$444$280$174$54
37 years$996$653$416$258$158$47
38 years$959$621$389$238$143$41
39 years$925$590$365$219$130$36
40 years$891$562$342$202$117$31
41 years$860$535$320$187$107$27
42 years$830$509$301$172$97$24
43 years$802$485$282$159$88$21
44 years$775$462$265$147$80$18
45 years$749$441$249$136$72$16
46 years$724$421$234$125$66$14
47 years$701$401$219$116$60$12
48 years$679$383$206$107$54$10
49 years$657$366$194$99$49$9
50 years$637$350$182$91$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $652,000, adding $5,955 every year, while hoping to spend $31,388 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: 67/14/19 Blend
56$652,000$652,000$652,000$652,000
57$724,647$690,091$679,985$769,406
58$765,164$690,508$669,367$800,524
59$808,762$689,895$657,343$830,348
60$855,722$688,166$643,830$862,202
61$906,353$685,233$628,745$896,283
62$960,993$681,002$612,001$932,811
63$1,020,016$675,372$593,504$972,028
64$1,083,831$668,239$573,160$1,014,203
65$1,152,887$659,488$550,866$1,059,630
66$1,227,680$649,002$526,519$1,108,639
67$1,308,754$636,654$500,008$1,161,590
68$1,396,707$622,309$471,218$1,218,882
69$1,492,197$605,828$440,029$1,280,958
70$1,595,946$587,059$406,316$1,348,305
71$1,708,752$565,844$369,947$1,421,461
72$1,831,490$542,016$330,785$1,501,022
73$1,965,123$515,395$288,687$1,587,645
74$2,110,711$485,796$243,504$1,682,056
75$2,269,421$453,017$195,079$1,785,057
76$2,442,538$416,851$143,250$1,897,532
77$2,631,474$377,074$87,846$2,020,460
78$2,837,785$333,451$28,689$2,154,920
79$3,063,184$285,735$0$2,302,103
80$3,309,555$233,662$0$2,470,307
81$3,578,975$176,957$0$2,660,664
82$3,873,729$115,327$0$2,868,996
83$4,196,334$48,462$0$3,097,114
84$4,549,560$0$0$3,347,016
85$4,936,459$0$0$3,624,596
86$5,360,391$0$0$3,936,966
87$5,825,057$0$0$4,279,392
88$6,334,533$0$0$4,654,882
89$6,893,309$0$0$5,066,750
90$7,506,327$0$0$5,518,647
91$8,179,036$0$0$6,014,592
92$8,917,434$0$0$6,559,014
93$9,728,128$0$0$7,156,792
94$10,618,399$0$0$7,813,300
95$11,596,264$0$0$8,534,456
96$12,670,557$0$0$9,326,782
97$13,851,009$0$0$10,197,463
98$15,148,342$0$0$11,154,413
99$16,574,365$0$0$12,206,351
100$18,142,090$0$0$13,362,883