Can I retire at age 57 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$53,346$52,871$52,407$51,955$51,513$51,039
2 years$26,409$25,917$25,440$24,978$24,530$24,052
3 years$17,431$16,937$16,462$16,004$15,563$15,096
4 years$12,943$12,451$11,980$11,530$11,100$10,648
5 years$10,251$9,761$9,297$8,856$8,438$8,002
6 years$8,457$7,971$7,513$7,082$6,676$6,258
7 years$7,176$6,694$6,244$5,823$5,430$5,028
8 years$6,215$5,738$5,295$4,885$4,504$4,119
9 years$5,469$4,996$4,561$4,161$3,793$3,425
10 years$4,872$4,404$3,976$3,586$3,232$2,880
11 years$4,384$3,920$3,500$3,121$2,780$2,444
12 years$3,977$3,519$3,107$2,738$2,409$2,089
13 years$3,634$3,180$2,775$2,417$2,101$1,797
14 years$3,340$2,890$2,494$2,146$1,841$1,553
15 years$3,085$2,640$2,252$1,913$1,621$1,347
16 years$2,862$2,423$2,041$1,713$1,433$1,173
17 years$2,666$2,231$1,858$1,539$1,271$1,025
18 years$2,491$2,062$1,696$1,387$1,130$897
19 years$2,336$1,911$1,552$1,254$1,007$787
20 years$2,196$1,775$1,425$1,135$899$692
21 years$2,069$1,654$1,310$1,030$805$609
22 years$1,954$1,544$1,208$937$721$537
23 years$1,849$1,444$1,115$853$648$475
24 years$1,754$1,353$1,031$778$582$420
25 years$1,665$1,270$955$711$524$371
26 years$1,584$1,193$886$650$472$329
27 years$1,509$1,123$823$595$425$291
28 years$1,440$1,058$765$545$384$258
29 years$1,375$998$712$500$347$229
30 years$1,315$943$663$459$313$203
31 years$1,259$891$618$421$283$181
32 years$1,206$843$577$387$256$161
33 years$1,157$799$538$356$232$143
34 years$1,111$757$503$328$210$127
35 years$1,067$718$470$302$190$113
36 years$1,026$681$440$278$172$100
37 years$987$647$412$256$156$89
38 years$951$615$386$236$142$79
39 years$916$585$361$217$128$71
40 years$883$556$339$201$116$63
41 years$852$530$318$185$106$56
42 years$822$504$298$171$96$50
43 years$794$481$279$158$87$44
44 years$768$458$262$146$79$40
45 years$742$437$246$134$72$35
46 years$718$417$231$124$65$31
47 years$694$398$217$115$59$28
48 years$672$380$204$106$54$25
49 years$651$363$192$98$49$22
50 years$631$346$181$91$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $646,000, adding $4,466 every year, while hoping to spend $44,852 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: 63/26/11 Blend
56$646,000$646,000$646,000$646,000
57$716,499$682,261$672,248$759,569
58$741,859$667,969$647,046$774,635
59$768,304$651,474$619,496$785,485
60$795,895$632,621$589,474$796,210
61$824,700$611,243$556,845$806,798
62$854,794$587,169$521,474$817,237
63$886,256$560,213$483,217$827,516
64$919,172$530,181$441,922$837,624
65$953,634$496,867$397,433$847,552
66$989,744$460,052$349,586$857,292
67$1,027,610$419,508$298,210$866,838
68$1,067,352$374,989$243,125$876,184
69$1,109,097$326,238$184,145$885,331
70$1,152,986$272,985$121,075$894,277
71$1,199,171$214,941$53,711$903,028
72$1,247,816$151,804$0$911,591
73$1,299,103$83,252$0$922,114
74$1,353,228$8,947$0$939,345
75$1,410,404$0$0$957,026
76$1,470,865$0$0$995,664
77$1,534,866$0$0$1,039,294
78$1,602,685$0$0$1,085,550
79$1,674,627$0$0$1,134,641
80$1,751,023$0$0$1,186,799
81$1,832,238$0$0$1,242,273
82$1,918,668$0$0$1,301,341
83$2,010,751$0$0$1,364,303
84$2,108,962$0$0$1,431,488
85$2,213,823$0$0$1,503,260
86$2,325,907$0$0$1,580,014
87$2,445,842$0$0$1,662,184
88$2,574,314$0$0$1,750,248
89$2,712,079$0$0$1,844,727
90$2,859,965$0$0$1,946,196
91$3,018,879$0$0$2,055,284
92$3,189,819$0$0$2,172,682
93$3,373,880$0$0$2,299,149
94$3,572,265$0$0$2,435,519
95$3,786,293$0$0$2,582,706
96$4,017,417$0$0$2,741,718
97$4,267,230$0$0$2,913,660
98$4,537,485$0$0$3,099,747
99$4,830,109$0$0$3,301,315
100$5,147,219$0$0$3,519,833