Can I retire at age 57 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$52,273$51,807$51,353$50,909$50,476$48,570
2 years$25,877$25,396$24,928$24,476$24,036$22,137
3 years$17,080$16,596$16,130$15,682$15,250$13,418
4 years$12,683$12,200$11,739$11,298$10,876$9,126
5 years$10,045$9,565$9,110$8,678$8,268$6,604
6 years$8,287$7,811$7,362$6,940$6,542$4,966
7 years$7,031$6,559$6,118$5,706$5,320$3,831
8 years$6,090$5,622$5,188$4,786$4,414$3,010
9 years$5,359$4,895$4,469$4,077$3,717$2,396
10 years$4,774$4,315$3,896$3,514$3,167$1,927
11 years$4,296$3,841$3,430$3,058$2,724$1,562
12 years$3,897$3,448$3,044$2,683$2,360$1,274
13 years$3,561$3,116$2,720$2,368$2,058$1,044
14 years$3,272$2,832$2,444$2,102$1,804$859
15 years$3,023$2,587$2,206$1,875$1,589$709
16 years$2,804$2,374$2,000$1,679$1,404$587
17 years$2,612$2,186$1,820$1,508$1,245$486
18 years$2,441$2,020$1,662$1,359$1,107$404
19 years$2,289$1,872$1,521$1,228$987$336
20 years$2,151$1,740$1,396$1,112$881$280
21 years$2,027$1,621$1,284$1,010$789$233
22 years$1,915$1,513$1,183$918$707$195
23 years$1,812$1,415$1,093$836$635$162
24 years$1,718$1,326$1,011$763$570$136
25 years$1,632$1,244$936$696$513$113
26 years$1,552$1,169$868$637$462$95
27 years$1,479$1,100$806$583$417$79
28 years$1,411$1,037$749$534$376$66
29 years$1,348$978$697$490$340$55
30 years$1,289$924$650$449$307$46
31 years$1,233$873$606$413$277$39
32 years$1,182$826$565$379$251$32
33 years$1,134$782$528$349$227$27
34 years$1,088$742$493$321$206$23
35 years$1,046$703$461$295$186$19
36 years$1,005$668$431$272$169$16
37 years$967$634$403$251$153$13
38 years$932$603$378$231$139$11
39 years$898$573$354$213$126$9
40 years$865$545$332$197$114$8
41 years$835$519$311$181$103$7
42 years$806$494$292$167$94$5
43 years$778$471$274$154$85$5
44 years$752$449$257$143$77$4
45 years$727$428$241$132$70$3
46 years$703$408$227$122$64$3
47 years$680$390$213$112$58$2
48 years$659$372$200$104$53$2
49 years$638$355$188$96$48$2
50 years$618$339$177$89$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $633,000, adding $4,213 every year, while hoping to spend $33,303 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: 71/7/22 Blend
56$633,000$633,000$633,000$633,000
57$701,912$668,363$658,551$747,641
58$738,073$665,678$645,179$776,007
59$776,806$661,746$630,242$802,720
60$818,338$656,470$613,653$831,153
61$862,919$649,748$595,321$861,471
62$910,823$641,471$575,150$893,860
63$962,349$631,526$553,040$928,522
64$1,017,827$619,789$528,886$965,684
65$1,077,620$606,133$502,578$1,005,595
66$1,142,125$590,421$474,001$1,048,529
67$1,211,779$572,509$443,037$1,094,791
68$1,287,061$552,243$409,561$1,144,717
69$1,368,501$529,462$373,440$1,198,678
70$1,456,677$503,995$334,540$1,257,085
71$1,552,229$475,661$292,717$1,320,391
72$1,655,855$444,268$247,822$1,389,097
73$1,768,329$409,614$199,701$1,463,756
74$1,890,498$371,484$148,190$1,544,979
75$2,023,294$329,652$93,120$1,633,441
76$2,167,745$283,880$34,314$1,729,888
77$2,324,979$233,914$0$1,835,142
78$2,496,239$179,488$0$1,956,789
79$2,682,892$120,319$0$2,098,186
80$2,886,443$56,111$0$2,252,425
81$3,108,547$0$0$2,420,778
82$3,351,028$0$0$2,605,682
83$3,615,893$0$0$2,812,407
84$3,905,351$0$0$3,038,357
85$4,221,833$0$0$3,285,435
86$4,568,017$0$0$3,555,735
87$4,946,853$0$0$3,851,565
88$5,361,586$0$0$4,175,463
89$5,815,791$0$0$4,530,227
90$6,313,407$0$0$4,918,936
91$6,858,768$0$0$5,344,982
92$7,456,649$0$0$5,812,101
93$8,112,310$0$0$6,324,406
94$8,831,544$0$0$6,886,430
95$9,620,731$0$0$7,503,164
96$10,486,899$0$0$8,180,106
97$11,437,788$0$0$8,923,312
98$12,481,927$0$0$9,739,453
99$13,628,709$0$0$10,635,878
100$14,888,482$0$0$11,620,683