Can I retire at age 57 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$52,768$52,298$51,839$51,392$50,955$50,612
2 years$26,123$25,636$25,165$24,708$24,264$23,919
3 years$17,242$16,754$16,283$15,830$15,394$15,057
4 years$12,803$12,316$11,850$11,405$10,979$10,652
5 years$10,140$9,656$9,196$8,760$8,346$8,030
6 years$8,365$7,885$7,432$7,005$6,604$6,300
7 years$7,098$6,621$6,176$5,760$5,371$5,079
8 years$6,148$5,676$5,238$4,832$4,456$4,175
9 years$5,410$4,942$4,511$4,115$3,752$3,484
10 years$4,819$4,356$3,933$3,548$3,197$2,940
11 years$4,336$3,878$3,463$3,087$2,750$2,504
12 years$3,934$3,481$3,073$2,708$2,383$2,149
13 years$3,594$3,145$2,745$2,391$2,078$1,855
14 years$3,303$2,859$2,467$2,122$1,821$1,609
15 years$3,051$2,612$2,227$1,893$1,604$1,402
16 years$2,831$2,396$2,019$1,695$1,417$1,226
17 years$2,637$2,207$1,837$1,523$1,257$1,075
18 years$2,464$2,039$1,677$1,372$1,117$945
19 years$2,310$1,890$1,536$1,240$996$833
20 years$2,172$1,756$1,409$1,123$890$736
21 years$2,047$1,636$1,296$1,019$796$651
22 years$1,933$1,527$1,195$927$714$576
23 years$1,829$1,428$1,103$844$641$511
24 years$1,735$1,338$1,020$770$576$454
25 years$1,647$1,256$945$703$518$404
26 years$1,567$1,180$876$643$467$359
27 years$1,493$1,111$814$588$421$320
28 years$1,424$1,047$756$539$380$285
29 years$1,360$987$704$494$343$254
30 years$1,301$932$656$454$310$227
31 years$1,245$882$611$417$280$202
32 years$1,193$834$570$383$253$181
33 years$1,144$790$533$352$229$161
34 years$1,099$749$498$324$208$144
35 years$1,055$710$465$298$188$129
36 years$1,015$674$435$275$170$115
37 years$977$640$407$253$154$103
38 years$940$608$381$233$140$92
39 years$906$578$357$215$127$82
40 years$874$550$335$198$115$74
41 years$843$524$314$183$104$66
42 years$814$499$295$169$95$59
43 years$786$475$276$156$86$53
44 years$759$453$260$144$78$47
45 years$734$432$244$133$71$42
46 years$710$412$229$123$64$38
47 years$687$393$215$113$58$34
48 years$665$376$202$105$53$30
49 years$644$359$190$97$48$27
50 years$624$343$179$90$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $639,000, adding $2,768 every year, while hoping to spend $24,340 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: 83/10/7 Blend
56$639,000$639,000$639,000$639,000
57$707,033$673,166$663,262$765,031
58$753,253$680,254$659,583$810,427
59$803,371$686,873$654,966$856,703
60$857,761$692,975$649,353$906,762
61$916,829$698,508$642,683$960,968
62$981,028$703,417$634,895$1,019,721
63$1,050,851$707,642$625,922$1,083,465
64$1,126,844$711,123$615,696$1,152,685
65$1,209,605$713,791$604,145$1,227,918
66$1,299,794$715,576$591,194$1,309,754
67$1,398,137$716,403$576,763$1,398,843
68$1,505,433$716,193$560,770$1,495,902
69$1,622,560$714,859$543,129$1,601,720
70$1,750,487$712,313$523,750$1,717,166
71$1,890,279$708,459$502,538$1,843,198
72$2,043,109$703,195$479,394$1,980,871
73$2,210,268$696,413$454,216$2,131,347
74$2,393,178$688,000$426,895$2,295,909
75$2,593,405$677,836$397,319$2,475,966
76$2,812,674$665,791$365,370$2,673,074
77$3,052,882$651,730$330,925$2,888,946
78$3,316,120$635,509$293,856$3,125,472
79$3,604,692$616,977$254,028$3,384,732
80$3,921,134$595,972$211,301$3,669,018
81$4,268,239$572,324$165,529$3,980,857
82$4,649,084$545,852$116,559$4,323,034
83$5,067,058$516,366$64,231$4,698,617
84$5,525,893$483,664$8,378$5,110,987
85$6,029,703$447,532$0$5,563,871
86$6,583,017$407,745$0$6,065,202
87$7,190,825$364,065$0$6,616,595
88$7,858,624$316,238$0$7,222,427
89$8,592,469$264,000$0$7,888,207
90$9,399,034$207,069$0$8,620,009
91$10,285,667$145,147$0$9,424,524
92$11,260,467$77,921$0$10,309,127
93$12,332,355$5,059$0$11,281,942
94$13,511,159$0$0$12,351,924
95$14,807,711$0$0$13,537,058
96$16,233,940$0$0$14,841,354
97$17,802,994$0$0$16,276,278
98$19,529,357$0$0$17,855,080
99$21,428,989$0$0$19,592,357
100$23,519,473$0$0$21,504,191