Can I retire at age 57 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$51,612$51,152$50,704$50,266$49,838$48,535
2 years$25,550$25,075$24,613$24,166$23,733$22,428
3 years$16,864$16,387$15,927$15,484$15,057$13,793
4 years$12,522$12,046$11,590$11,155$10,739$9,524
5 years$9,918$9,444$8,995$8,568$8,163$7,002
6 years$8,182$7,712$7,269$6,852$6,459$5,352
7 years$6,942$6,476$6,041$5,633$5,253$4,200
8 years$6,013$5,551$5,123$4,726$4,358$3,359
9 years$5,291$4,834$4,412$4,025$3,670$2,723
10 years$4,714$4,261$3,847$3,470$3,127$2,232
11 years$4,241$3,793$3,387$3,020$2,689$1,845
12 years$3,848$3,404$3,006$2,649$2,331$1,535
13 years$3,516$3,076$2,685$2,338$2,032$1,284
14 years$3,231$2,796$2,413$2,076$1,782$1,078
15 years$2,984$2,555$2,178$1,851$1,569$909
16 years$2,769$2,344$1,975$1,658$1,386$769
17 years$2,579$2,159$1,797$1,489$1,229$651
18 years$2,410$1,995$1,641$1,342$1,093$553
19 years$2,260$1,849$1,502$1,213$974$471
20 years$2,124$1,718$1,378$1,098$870$401
21 years$2,002$1,600$1,268$997$779$342
22 years$1,891$1,494$1,168$906$698$292
23 years$1,789$1,397$1,079$825$627$250
24 years$1,697$1,309$998$753$563$214
25 years$1,611$1,228$924$688$507$183
26 years$1,533$1,154$857$629$456$157
27 years$1,460$1,086$796$575$412$134
28 years$1,393$1,024$740$527$371$115
29 years$1,330$966$689$483$335$99
30 years$1,272$912$641$444$303$85
31 years$1,218$862$598$408$274$72
32 years$1,167$816$558$375$248$62
33 years$1,119$773$521$344$224$53
34 years$1,074$732$487$317$203$46
35 years$1,032$695$455$292$184$39
36 years$993$659$426$269$167$34
37 years$955$626$398$248$151$29
38 years$920$595$373$228$137$25
39 years$886$566$350$210$124$21
40 years$854$538$328$194$113$18
41 years$824$512$307$179$102$16
42 years$796$488$288$165$93$14
43 years$768$465$270$153$84$12
44 years$743$443$254$141$76$10
45 years$718$423$238$130$69$9
46 years$694$403$224$120$63$7
47 years$672$385$210$111$57$6
48 years$650$367$198$103$52$5
49 years$630$351$186$95$47$5
50 years$610$335$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $625,000, adding $3,467 every year, while hoping to spend $38,099 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: 54/27/19 Blend
56$625,000$625,000$625,000$625,000
57$692,326$659,201$649,514$725,970
58$722,406$650,965$630,735$741,144
59$754,278$641,048$610,051$753,335
60$788,083$629,329$587,357$765,774
61$823,978$615,676$562,543$778,497
62$862,133$599,953$535,497$791,542
63$902,733$582,014$506,100$804,958
64$945,984$561,705$474,226$818,796
65$992,109$538,862$439,747$833,118
66$1,041,351$513,314$402,526$847,995
67$1,093,980$484,878$362,422$863,506
68$1,150,289$453,360$319,286$879,744
69$1,210,601$418,556$272,964$896,810
70$1,275,268$380,251$223,294$914,824
71$1,344,678$338,216$170,107$933,918
72$1,419,257$292,211$113,228$954,242
73$1,499,472$241,980$52,472$975,966
74$1,585,836$187,255$0$999,282
75$1,678,912$127,751$0$1,026,912
76$1,779,317$63,167$0$1,068,106
77$1,887,733$0$0$1,112,530
78$2,004,905$0$0$1,162,557
79$2,131,654$0$0$1,237,022
80$2,268,883$0$0$1,317,692
81$2,417,583$0$0$1,405,158
82$2,578,844$0$0$1,500,066
83$2,753,866$0$0$1,603,129
84$2,943,967$0$0$1,715,132
85$3,150,599$0$0$1,836,936
86$3,375,357$0$0$1,969,491
87$3,619,997$0$0$2,113,839
88$3,886,452$0$0$2,271,130
89$4,176,848$0$0$2,442,628
90$4,493,524$0$0$2,629,723
91$4,839,056$0$0$2,833,948
92$5,216,279$0$0$3,056,987
93$5,628,314$0$0$3,300,696
94$6,078,595$0$0$3,567,118
95$6,570,905$0$0$3,858,503
96$7,109,408$0$0$4,177,326
97$7,698,688$0$0$4,526,315
98$8,343,795$0$0$4,908,472
99$9,050,288$0$0$5,327,105
100$9,824,290$0$0$5,785,853