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%17.6%
1 years$51,612$51,152$50,704$50,266$49,838$48,301
2 years$25,550$25,075$24,613$24,166$23,733$22,197
3 years$16,864$16,387$15,927$15,484$15,057$13,572
4 years$12,522$12,046$11,590$11,155$10,739$9,315
5 years$9,918$9,444$8,995$8,568$8,163$6,805
6 years$8,182$7,712$7,269$6,852$6,459$5,167
7 years$6,942$6,476$6,041$5,633$5,253$4,028
8 years$6,013$5,551$5,123$4,726$4,358$3,198
9 years$5,291$4,834$4,412$4,025$3,670$2,575
10 years$4,714$4,261$3,847$3,470$3,127$2,094
11 years$4,241$3,793$3,387$3,020$2,689$1,718
12 years$3,848$3,404$3,006$2,649$2,331$1,418
13 years$3,516$3,076$2,685$2,338$2,032$1,176
14 years$3,231$2,796$2,413$2,076$1,782$980
15 years$2,984$2,555$2,178$1,851$1,569$819
16 years$2,769$2,344$1,975$1,658$1,386$687
17 years$2,579$2,159$1,797$1,489$1,229$577
18 years$2,410$1,995$1,641$1,342$1,093$486
19 years$2,260$1,849$1,502$1,213$974$409
20 years$2,124$1,718$1,378$1,098$870$346
21 years$2,002$1,600$1,268$997$779$292
22 years$1,891$1,494$1,168$906$698$247
23 years$1,789$1,397$1,079$825$627$209
24 years$1,697$1,309$998$753$563$177
25 years$1,611$1,228$924$688$507$150
26 years$1,533$1,154$857$629$456$127
27 years$1,460$1,086$796$575$412$108
28 years$1,393$1,024$740$527$371$92
29 years$1,330$966$689$483$335$78
30 years$1,272$912$641$444$303$66
31 years$1,218$862$598$408$274$56
32 years$1,167$816$558$375$248$48
33 years$1,119$773$521$344$224$41
34 years$1,074$732$487$317$203$34
35 years$1,032$695$455$292$184$29
36 years$993$659$426$269$167$25
37 years$955$626$398$248$151$21
38 years$920$595$373$228$137$18
39 years$886$566$350$210$124$15
40 years$854$538$328$194$113$13
41 years$824$512$307$179$102$11
42 years$796$488$288$165$93$9
43 years$768$465$270$153$84$8
44 years$743$443$254$141$76$7
45 years$718$423$238$130$69$6
46 years$694$403$224$120$63$5
47 years$672$385$210$111$57$4
48 years$650$367$198$103$52$4
49 years$630$351$186$95$47$3
50 years$610$335$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $625,000, adding $4,023 every year, while hoping to spend $39,033 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: 37/43/20 Blend
56$625,000$625,000$625,000$625,000
57$692,900$659,775$650,087$714,229
58$722,045$650,573$630,334$720,871
59$752,854$639,612$608,612$724,085
60$785,457$626,764$584,812$726,752
61$819,993$611,896$558,822$728,846
62$856,616$594,862$530,527$730,341
63$895,494$575,513$499,802$731,212
64$936,809$553,689$466,521$731,434
65$980,763$529,219$430,548$730,986
66$1,027,575$501,924$391,746$729,847
67$1,077,485$471,616$349,967$728,000
68$1,130,757$438,093$305,058$725,431
69$1,187,678$401,144$256,862$722,128
70$1,248,565$360,543$205,211$718,085
71$1,313,764$316,056$149,931$713,300
72$1,383,656$267,431$90,842$707,779
73$1,458,657$214,403$27,753$701,533
74$1,539,226$156,694$0$694,581
75$1,625,863$94,009$0$695,399
76$1,719,121$26,035$0$702,451
77$1,819,605$0$0$709,905
78$1,927,981$0$0$740,378
79$2,044,978$0$0$786,641
80$2,171,399$0$0$836,702
81$2,308,127$0$0$890,919
82$2,456,132$0$0$949,685
83$2,616,479$0$0$1,013,434
84$2,790,341$0$0$1,082,643
85$2,979,007$0$0$1,157,834
86$3,183,895$0$0$1,239,585
87$3,406,563$0$0$1,328,529
88$3,648,728$0$0$1,425,365
89$3,912,277$0$0$1,530,860
90$4,199,286$0$0$1,645,858
91$4,512,040$0$0$1,771,290
92$4,853,055$0$0$1,908,180
93$5,225,099$0$0$2,057,652
94$5,631,217$0$0$2,220,949
95$6,074,763$0$0$2,399,434
96$6,559,430$0$0$2,594,611
97$7,089,282$0$0$2,808,135
98$7,668,794$0$0$3,041,828
99$8,302,893$0$0$3,297,697
100$8,997,004$0$0$3,577,950