Can I retire at age 57 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$53,842$53,362$52,894$52,437$51,991$50,755
2 years$26,654$26,158$25,677$25,210$24,758$23,520
3 years$17,593$17,094$16,615$16,152$15,707$14,506
4 years$13,063$12,566$12,091$11,637$11,203$10,047
5 years$10,346$9,852$9,383$8,938$8,516$7,410
6 years$8,535$8,045$7,583$7,148$6,738$5,682
7 years$7,242$6,756$6,302$5,877$5,480$4,474
8 years$6,273$5,791$5,344$4,930$4,546$3,591
9 years$5,520$5,042$4,603$4,199$3,829$2,922
10 years$4,917$4,445$4,013$3,620$3,262$2,404
11 years$4,425$3,957$3,533$3,150$2,806$1,994
12 years$4,014$3,551$3,135$2,763$2,431$1,666
13 years$3,668$3,209$2,801$2,439$2,120$1,399
14 years$3,371$2,917$2,517$2,165$1,858$1,180
15 years$3,113$2,665$2,272$1,931$1,636$999
16 years$2,889$2,445$2,060$1,729$1,446$848
17 years$2,690$2,252$1,875$1,554$1,282$722
18 years$2,515$2,081$1,711$1,400$1,140$616
19 years$2,357$1,928$1,567$1,265$1,016$526
20 years$2,216$1,792$1,438$1,146$908$451
21 years$2,088$1,669$1,323$1,040$812$386
22 years$1,972$1,558$1,219$946$728$331
23 years$1,867$1,457$1,126$861$654$284
24 years$1,770$1,365$1,041$785$587$244
25 years$1,681$1,281$964$717$529$210
26 years$1,599$1,204$894$656$476$181
27 years$1,523$1,133$830$600$429$156
28 years$1,453$1,068$772$550$387$134
29 years$1,388$1,007$718$504$350$116
30 years$1,327$951$669$463$316$100
31 years$1,270$899$624$425$286$86
32 years$1,217$851$582$391$258$74
33 years$1,168$806$543$359$234$64
34 years$1,121$764$508$331$212$55
35 years$1,077$725$475$304$192$48
36 years$1,036$688$444$280$174$41
37 years$996$653$416$258$158$35
38 years$959$621$389$238$143$31
39 years$925$590$365$219$130$26
40 years$891$562$342$202$117$23
41 years$860$535$320$187$107$20
42 years$830$509$301$172$97$17
43 years$802$485$282$159$88$15
44 years$775$462$265$147$80$13
45 years$749$441$249$136$72$11
46 years$724$421$234$125$66$9
47 years$701$401$219$116$60$8
48 years$679$383$206$107$54$7
49 years$657$366$194$99$49$6
50 years$637$350$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $652,000, adding $6,393 every year, while hoping to spend $41,091 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: 41/31/28 Blend
56$652,000$652,000$652,000$652,000
57$725,098$690,542$680,436$748,638
58$755,338$680,658$659,510$756,372
59$787,285$668,913$636,506$760,421
60$821,069$655,171$611,311$764,020
61$856,835$639,291$583,806$767,154
62$894,737$621,121$553,869$769,807
63$934,946$600,502$521,369$771,968
64$977,648$577,264$486,173$773,626
65$1,023,047$551,229$448,138$774,776
66$1,071,365$522,207$407,119$775,413
67$1,122,847$489,998$362,960$775,538
68$1,177,760$454,390$315,501$775,156
69$1,236,395$415,159$264,574$774,279
70$1,299,074$372,068$210,004$772,923
71$1,366,149$324,869$151,608$771,114
72$1,438,003$273,295$89,195$768,883
73$1,515,061$217,068$22,564$766,275
74$1,597,786$155,893$0$763,342
75$1,686,687$89,458$0$774,652
76$1,782,323$17,435$0$793,921
77$1,885,306$0$0$814,563
78$1,996,311$0$0$857,408
79$2,116,078$0$0$910,118
80$2,245,419$0$0$967,109
81$2,385,229$0$0$1,028,784
82$2,536,489$0$0$1,095,585
83$2,700,278$0$0$1,167,999
84$2,877,783$0$0$1,246,561
85$3,070,309$0$0$1,331,857
86$3,279,292$0$0$1,424,535
87$3,506,308$0$0$1,525,306
88$3,753,094$0$0$1,634,954
89$4,021,561$0$0$1,754,338
90$4,313,810$0$0$1,884,407
91$4,632,152$0$0$2,026,204
92$4,979,133$0$0$2,180,876
93$5,357,553$0$0$2,349,687
94$5,770,494$0$0$2,534,026
95$6,221,348$0$0$2,735,426
96$6,713,851$0$0$2,955,570
97$7,252,115$0$0$3,196,315
98$7,840,664$0$0$3,459,703
99$8,484,484$0$0$3,747,983
100$9,189,062$0$0$4,063,633