Can I retire at age 57 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$51,777$51,316$50,866$50,427$49,998$49,008
2 years$25,632$25,155$24,692$24,244$23,809$22,816
3 years$16,918$16,439$15,977$15,533$15,105$14,140
4 years$12,562$12,084$11,628$11,191$10,773$9,843
5 years$9,949$9,474$9,023$8,596$8,190$7,298
6 years$8,208$7,736$7,292$6,874$6,480$5,627
7 years$6,965$6,497$6,060$5,651$5,270$4,456
8 years$6,033$5,569$5,139$4,741$4,372$3,597
9 years$5,308$4,849$4,426$4,038$3,682$2,945
10 years$4,729$4,274$3,859$3,481$3,137$2,437
11 years$4,255$3,805$3,397$3,029$2,698$2,035
12 years$3,860$3,415$3,015$2,657$2,338$1,711
13 years$3,527$3,086$2,694$2,346$2,039$1,446
14 years$3,241$2,805$2,420$2,082$1,787$1,228
15 years$2,994$2,563$2,185$1,857$1,574$1,047
16 years$2,778$2,351$1,981$1,663$1,391$895
17 years$2,587$2,165$1,803$1,494$1,233$768
18 years$2,418$2,001$1,646$1,346$1,096$660
19 years$2,267$1,854$1,507$1,217$977$568
20 years$2,131$1,723$1,383$1,102$873$490
21 years$2,008$1,605$1,272$1,000$781$423
22 years$1,897$1,498$1,172$909$700$366
23 years$1,795$1,401$1,082$828$629$317
24 years$1,702$1,313$1,001$755$565$274
25 years$1,617$1,232$927$690$508$238
26 years$1,538$1,158$860$631$458$206
27 years$1,465$1,090$798$577$413$179
28 years$1,397$1,027$742$529$373$155
29 years$1,335$969$691$485$336$135
30 years$1,276$915$643$445$304$117
31 years$1,222$865$600$409$275$102
32 years$1,171$818$560$376$249$89
33 years$1,123$775$523$346$225$77
34 years$1,078$735$488$318$204$67
35 years$1,036$697$456$293$184$58
36 years$996$661$427$270$167$51
37 years$958$628$400$248$151$44
38 years$923$597$374$229$137$38
39 years$889$568$351$211$125$33
40 years$857$540$329$195$113$29
41 years$827$514$308$180$102$25
42 years$798$490$289$166$93$22
43 years$771$466$271$153$84$19
44 years$745$445$255$141$77$17
45 years$720$424$239$130$70$15
46 years$697$404$225$121$63$13
47 years$674$386$211$111$57$11
48 years$652$368$198$103$52$10
49 years$632$352$186$95$47$8
50 years$612$336$175$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $627,000, adding $2,326 every year, while hoping to spend $37,091 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: 57/35/8 Blend
56$627,000$627,000$627,000$627,000
57$693,353$660,122$650,404$731,475
58$724,611$653,004$632,728$750,298
59$757,813$644,293$613,216$766,440
60$793,120$633,874$591,769$783,119
61$830,706$621,621$568,281$800,390
62$870,761$607,403$542,641$818,317
63$913,494$591,082$514,735$836,970
64$959,135$572,509$484,443$856,428
65$1,007,933$551,528$451,639$876,781
66$1,060,164$527,975$416,191$898,132
67$1,116,130$501,675$377,962$920,594
68$1,176,161$472,442$336,809$944,294
69$1,240,620$440,083$292,583$969,378
70$1,309,905$404,388$245,126$996,006
71$1,384,453$365,142$194,276$1,024,360
72$1,464,745$322,111$139,862$1,054,642
73$1,551,308$275,053$81,706$1,087,079
74$1,644,720$223,710$19,622$1,121,926
75$1,745,619$167,809$0$1,159,466
76$1,854,703$107,063$0$1,203,997
77$1,972,742$41,168$0$1,253,937
78$2,100,579$0$0$1,308,025
79$2,239,144$0$0$1,378,348
80$2,389,458$0$0$1,471,880
81$2,552,645$0$0$1,573,470
82$2,729,941$0$0$1,683,893
83$2,922,703$0$0$1,804,001
84$3,132,428$0$0$1,934,734
85$3,360,760$0$0$2,077,124
86$3,609,511$0$0$2,232,306
87$3,880,671$0$0$2,401,531
88$4,176,435$0$0$2,586,175
89$4,499,213$0$0$2,787,753
90$4,851,664$0$0$3,007,933
91$5,236,711$0$0$3,248,549
92$5,657,574$0$0$3,511,624
93$6,117,796$0$0$3,799,381
94$6,621,280$0$0$4,114,270
95$7,172,323$0$0$4,458,990
96$7,775,656$0$0$4,836,511
97$8,436,489$0$0$5,250,105
98$9,160,560$0$0$5,703,373
99$9,954,188$0$0$6,200,284
100$10,824,332$0$0$6,745,208