Can I retire at age 57 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$53,676$53,198$52,732$52,276$51,832$50,744
2 years$26,572$26,078$25,598$25,133$24,682$23,591
3 years$17,539$17,042$16,564$16,103$15,659$14,599
4 years$13,023$12,528$12,054$11,601$11,168$10,147
5 years$10,314$9,822$9,354$8,911$8,490$7,511
6 years$8,509$8,020$7,560$7,126$6,718$5,782
7 years$7,220$6,735$6,282$5,859$5,463$4,571
8 years$6,254$5,773$5,328$4,915$4,532$3,683
9 years$5,503$5,027$4,589$4,186$3,817$3,010
10 years$4,902$4,431$4,001$3,609$3,252$2,487
11 years$4,411$3,945$3,522$3,141$2,797$2,073
12 years$4,002$3,540$3,126$2,755$2,424$1,739
13 years$3,656$3,200$2,793$2,432$2,114$1,467
14 years$3,360$2,908$2,509$2,159$1,853$1,243
15 years$3,104$2,657$2,266$1,925$1,631$1,058
16 years$2,880$2,438$2,054$1,724$1,442$903
17 years$2,682$2,245$1,869$1,549$1,278$772
18 years$2,507$2,074$1,706$1,396$1,137$662
19 years$2,350$1,923$1,562$1,261$1,013$569
20 years$2,209$1,786$1,433$1,142$905$489
21 years$2,082$1,664$1,319$1,037$810$422
22 years$1,966$1,553$1,215$943$726$364
23 years$1,861$1,453$1,122$858$652$314
24 years$1,764$1,361$1,038$783$586$271
25 years$1,676$1,277$961$715$527$235
26 years$1,594$1,201$891$654$475$203
27 years$1,519$1,130$828$598$428$176
28 years$1,449$1,065$769$548$386$152
29 years$1,384$1,004$716$503$349$132
30 years$1,323$949$667$461$315$114
31 years$1,267$897$622$424$285$99
32 years$1,214$848$580$390$258$86
33 years$1,164$803$542$358$233$75
34 years$1,117$762$506$330$211$65
35 years$1,074$722$473$303$191$56
36 years$1,032$686$443$279$173$49
37 years$993$651$414$257$157$42
38 years$957$619$388$237$142$37
39 years$922$588$364$219$129$32
40 years$889$560$341$202$117$28
41 years$857$533$319$186$106$24
42 years$828$508$300$172$96$21
43 years$799$484$281$159$87$18
44 years$772$461$264$146$79$16
45 years$747$440$248$135$72$14
46 years$722$419$233$125$65$12
47 years$699$400$219$115$59$10
48 years$676$382$206$107$54$9
49 years$655$365$193$99$49$8
50 years$635$348$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $650,000, adding $5,386 every year, while hoping to spend $24,348 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: 39/40/21 Blend
56$650,000$650,000$650,000$650,000
57$721,856$687,406$677,331$745,310
58$769,579$695,182$674,115$770,475
59$821,354$702,524$669,976$794,964
60$877,568$709,384$664,856$820,946
61$938,648$715,712$658,697$848,573
62$1,005,062$721,454$651,435$878,010
63$1,077,327$726,554$643,007$909,440
64$1,156,010$730,950$633,343$943,067
65$1,241,735$734,579$622,373$979,117
66$1,335,191$737,372$610,021$1,017,841
67$1,437,133$739,256$596,209$1,059,516
68$1,548,395$740,154$580,856$1,104,450
69$1,669,892$739,983$563,876$1,152,984
70$1,802,635$738,655$545,180$1,205,496
71$1,947,733$736,079$524,673$1,262,403
72$2,106,410$732,155$502,257$1,324,169
73$2,280,012$726,779$477,831$1,391,306
74$2,470,023$719,840$451,288$1,464,383
75$2,678,074$711,221$422,515$1,544,026
76$2,905,963$700,797$391,395$1,630,933
77$3,155,671$688,436$357,807$1,725,870
78$3,429,379$673,998$321,622$1,829,691
79$3,729,487$657,336$282,708$1,943,335
80$4,058,641$638,292$240,925$2,067,843
81$4,419,754$616,700$196,128$2,204,367
82$4,816,036$592,385$148,165$2,354,179
83$5,251,020$565,160$96,877$2,518,686
84$5,728,601$534,830$42,099$2,699,443
85$6,253,067$501,186$0$2,898,169
86$6,829,144$464,007$0$3,120,428
87$7,462,035$423,063$0$3,374,959
88$8,157,476$378,106$0$3,654,680
89$8,921,783$328,877$0$3,962,195
90$9,761,914$275,102$0$4,300,381
91$10,685,538$216,490$0$4,672,411
92$11,701,100$152,735$0$5,081,786
93$12,817,907$83,514$0$5,532,369
94$14,046,212$8,485$0$6,028,424
95$15,397,311$0$0$6,574,653
96$16,883,653$0$0$7,208,253
97$18,518,949$0$0$7,909,558
98$20,318,310$0$0$8,681,328
99$22,298,384$0$0$9,530,715
100$24,477,516$0$0$10,465,603