Can I retire at age 57 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$54,007$53,526$53,056$52,598$52,151$51,350
2 years$26,736$26,238$25,755$25,288$24,834$24,029
3 years$17,647$17,147$16,666$16,202$15,756$14,972
4 years$13,103$12,605$12,128$11,673$11,237$10,480
5 years$10,378$9,882$9,412$8,966$8,542$7,815
6 years$8,561$8,070$7,606$7,170$6,759$6,062
7 years$7,265$6,777$6,321$5,895$5,497$4,830
8 years$6,292$5,809$5,361$4,945$4,560$3,923
9 years$5,537$5,058$4,617$4,212$3,840$3,233
10 years$4,932$4,458$4,025$3,631$3,272$2,695
11 years$4,438$3,969$3,544$3,160$2,814$2,265
12 years$4,027$3,562$3,145$2,772$2,439$1,918
13 years$3,679$3,219$2,810$2,447$2,127$1,633
14 years$3,381$2,926$2,525$2,172$1,864$1,397
15 years$3,123$2,673$2,279$1,937$1,641$1,200
16 years$2,897$2,453$2,067$1,735$1,451$1,034
17 years$2,699$2,259$1,881$1,558$1,286$894
18 years$2,522$2,087$1,717$1,404$1,144$774
19 years$2,365$1,934$1,572$1,269$1,019$672
20 years$2,223$1,797$1,442$1,149$911$584
21 years$2,095$1,674$1,327$1,043$815$509
22 years$1,978$1,563$1,223$948$730$444
23 years$1,872$1,462$1,129$864$656$387
24 years$1,775$1,370$1,044$788$589$338
25 years$1,686$1,285$967$719$530$296
26 years$1,604$1,208$897$658$478$259
27 years$1,528$1,137$833$602$431$227
28 years$1,458$1,071$774$552$389$199
29 years$1,392$1,011$720$506$351$174
30 years$1,331$954$671$464$317$153
31 years$1,274$902$626$426$287$134
32 years$1,221$854$584$392$259$118
33 years$1,171$808$545$360$235$103
34 years$1,124$766$509$332$212$91
35 years$1,080$727$476$305$192$80
36 years$1,039$690$445$281$174$70
37 years$999$655$417$259$158$61
38 years$962$623$390$239$143$54
39 years$927$592$366$220$130$47
40 years$894$563$343$203$118$42
41 years$863$536$321$187$107$37
42 years$833$511$302$173$97$32
43 years$804$487$283$160$88$28
44 years$777$464$266$147$80$25
45 years$751$442$249$136$73$22
46 years$727$422$234$126$66$19
47 years$703$403$220$116$60$17
48 years$681$384$207$107$54$15
49 years$659$367$194$99$49$13
50 years$639$351$183$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $654,000, adding $5,919 every year, while hoping to spend $30,017 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: 38/45/17 Blend
56$654,000$654,000$654,000$654,000
57$726,813$692,151$682,014$750,511
58$769,011$694,129$672,924$770,048
59$814,506$695,197$662,523$787,843
60$863,604$695,280$650,736$806,441
61$916,639$694,297$637,484$825,929
62$973,980$692,162$622,683$846,406
63$1,036,031$688,782$606,248$867,983
64$1,103,236$684,063$588,087$890,786
65$1,176,085$677,900$568,107$914,953
66$1,255,114$670,186$546,206$940,640
67$1,340,914$660,804$522,283$968,024
68$1,434,137$649,632$496,229$997,299
69$1,535,496$636,541$467,930$1,028,684
70$1,645,778$621,394$437,267$1,062,422
71$1,765,850$604,044$404,118$1,098,787
72$1,896,664$584,339$368,353$1,138,081
73$2,039,267$562,116$329,837$1,180,643
74$2,194,814$537,201$288,428$1,226,850
75$2,364,575$509,414$243,980$1,277,122
76$2,549,946$478,560$196,338$1,331,927
77$2,752,467$444,436$145,342$1,391,784
78$2,973,832$406,826$90,824$1,457,271
79$3,215,905$365,503$32,609$1,529,031
80$3,480,740$320,226$0$1,607,779
81$3,770,598$270,739$0$1,699,661
82$4,087,969$216,775$0$1,806,865
83$4,435,593$158,048$0$1,924,484
84$4,816,491$94,260$0$2,053,638
85$5,233,987$25,092$0$2,195,572
86$5,691,743$0$0$2,351,661
87$6,193,793$0$0$2,548,081
88$6,744,579$0$0$2,777,290
89$7,348,994$0$0$3,028,913
90$8,012,428$0$0$3,305,203
91$8,740,819$0$0$3,608,646
92$9,540,705$0$0$3,941,979
93$10,419,293$0$0$4,308,218
94$11,384,517$0$0$4,710,684
95$12,445,122$0$0$5,153,037
96$13,610,739$0$0$5,639,309
97$14,891,979$0$0$6,173,941
98$16,300,534$0$0$6,761,827
99$17,849,283$0$0$7,408,359
100$19,552,417$0$0$8,119,478