Can I retire at age 57 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$53,263$52,789$52,326$51,874$51,433$49,432
2 years$26,368$25,877$25,401$24,940$24,492$22,500
3 years$17,404$16,911$16,436$15,979$15,539$13,618
4 years$12,923$12,431$11,961$11,512$11,082$9,248
5 years$10,235$9,746$9,282$8,842$8,425$6,682
6 years$8,444$7,959$7,502$7,071$6,666$5,016
7 years$7,165$6,684$6,234$5,814$5,421$3,863
8 years$6,206$5,729$5,287$4,877$4,498$3,029
9 years$5,460$4,988$4,554$4,154$3,788$2,408
10 years$4,864$4,397$3,970$3,581$3,227$1,933
11 years$4,377$3,914$3,495$3,116$2,775$1,564
12 years$3,971$3,513$3,102$2,734$2,405$1,273
13 years$3,628$3,175$2,771$2,413$2,097$1,041
14 years$3,334$2,886$2,490$2,142$1,839$854
15 years$3,080$2,636$2,248$1,911$1,619$704
16 years$2,858$2,419$2,038$1,711$1,431$581
17 years$2,662$2,228$1,855$1,537$1,269$481
18 years$2,488$2,058$1,693$1,385$1,128$398
19 years$2,332$1,908$1,550$1,252$1,005$331
20 years$2,192$1,773$1,422$1,134$898$275
21 years$2,066$1,651$1,308$1,029$804$228
22 years$1,951$1,541$1,206$935$720$190
23 years$1,847$1,442$1,113$852$647$158
24 years$1,751$1,351$1,030$777$581$132
25 years$1,663$1,268$954$710$523$110
26 years$1,582$1,191$885$649$471$92
27 years$1,507$1,121$821$594$425$76
28 years$1,438$1,056$764$544$383$64
29 years$1,373$997$711$499$346$53
30 years$1,313$941$662$458$313$44
31 years$1,257$890$617$421$283$37
32 years$1,204$842$576$387$256$31
33 years$1,155$797$538$355$231$26
34 years$1,109$756$502$327$210$22
35 years$1,065$717$470$301$190$18
36 years$1,024$680$439$277$172$15
37 years$986$646$411$255$156$13
38 years$949$614$385$235$141$11
39 years$915$584$361$217$128$9
40 years$882$556$338$200$116$7
41 years$851$529$317$185$105$6
42 years$821$504$297$171$96$5
43 years$793$480$279$157$87$4
44 years$766$457$262$145$79$4
45 years$741$436$246$134$72$3
46 years$717$416$231$124$65$2
47 years$693$397$217$115$59$2
48 years$671$379$204$106$54$2
49 years$650$362$192$98$49$1
50 years$630$346$180$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $645,000, adding $4,833 every year, while hoping to spend $21,913 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: 71/13/16 Blend
56$645,000$645,000$645,000$645,000
57$715,775$681,590$671,593$763,620
58$765,469$691,673$670,776$806,123
59$819,497$701,515$669,197$849,539
60$878,279$711,082$666,808$896,504
61$942,274$720,337$663,557$947,366
62$1,011,992$729,238$659,392$1,002,507
63$1,087,989$737,745$654,255$1,062,349
64$1,170,880$745,810$648,089$1,127,357
65$1,261,341$753,387$640,832$1,198,043
66$1,360,117$760,422$632,419$1,274,973
67$1,468,027$766,860$622,782$1,358,767
68$1,585,972$772,643$611,852$1,450,113
69$1,714,947$777,708$599,555$1,549,767
70$1,856,044$781,988$585,812$1,658,562
71$2,010,467$785,413$570,544$1,777,418
72$2,179,542$787,906$553,665$1,907,347
73$2,364,730$789,387$535,087$2,049,467
74$2,567,637$789,771$514,717$2,205,007
75$2,790,034$788,968$492,458$2,375,327
76$3,033,871$786,882$468,209$2,561,920
77$3,301,296$783,409$441,864$2,766,437
78$3,594,675$778,443$413,313$2,990,695
79$3,916,612$771,867$382,440$3,236,699
80$4,269,979$763,561$349,124$3,506,657
81$4,657,936$753,394$313,239$3,803,004
82$5,083,966$741,231$274,652$4,128,425
83$5,551,905$726,926$233,227$4,485,879
84$6,065,978$710,324$188,820$4,878,627
85$6,630,843$691,265$141,280$5,310,267
86$7,251,627$669,575$90,451$5,784,760
87$7,933,980$645,072$36,169$6,306,477
88$8,684,129$617,563$0$6,880,233
89$9,508,930$586,843$0$7,515,053
90$10,415,940$552,698$0$8,219,903
91$11,413,484$514,898$0$8,995,086
92$12,510,733$473,202$0$9,847,743
93$13,717,794$427,355$0$10,785,749
94$15,045,800$377,087$0$11,817,776
95$16,507,020$322,112$0$12,953,384
96$18,114,971$262,130$0$14,203,109
97$19,884,546$196,823$0$15,578,560
98$21,832,156$125,853$0$17,092,531
99$23,975,882$48,867$0$18,759,121
100$26,335,650$0$0$20,593,867