Can I retire at age 57 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$48,887$48,451$48,026$47,612$47,207$46,909
2 years$24,201$23,751$23,314$22,890$22,479$22,179
3 years$15,974$15,521$15,086$14,666$14,262$13,969
4 years$11,861$11,410$10,978$10,566$10,172$9,887
5 years$9,394$8,945$8,520$8,116$7,732$7,458
6 years$7,750$7,305$6,885$6,490$6,118$5,854
7 years$6,576$6,134$5,722$5,336$4,976$4,722
8 years$5,696$5,258$4,852$4,476$4,128$3,884
9 years$5,012$4,578$4,179$3,813$3,476$3,243
10 years$4,465$4,036$3,644$3,287$2,962$2,738
11 years$4,017$3,593$3,208$2,860$2,547$2,334
12 years$3,645$3,225$2,847$2,509$2,208$2,004
13 years$3,330$2,914$2,543$2,215$1,925$1,731
14 years$3,060$2,649$2,285$1,966$1,687$1,503
15 years$2,827$2,420$2,063$1,754$1,486$1,310
16 years$2,623$2,220$1,871$1,570$1,313$1,146
17 years$2,443$2,045$1,702$1,411$1,164$1,006
18 years$2,283$1,889$1,554$1,271$1,035$885
19 years$2,140$1,751$1,423$1,149$923$781
20 years$2,012$1,627$1,306$1,040$824$690
21 years$1,896$1,516$1,201$944$738$611
22 years$1,791$1,415$1,107$859$661$541
23 years$1,695$1,323$1,022$782$593$480
24 years$1,607$1,240$945$713$533$427
25 years$1,526$1,163$875$651$480$380
26 years$1,452$1,093$812$595$432$338
27 years$1,383$1,029$754$545$390$301
28 years$1,319$970$701$499$352$269
29 years$1,260$915$652$458$318$240
30 years$1,205$864$607$420$287$214
31 years$1,154$817$566$386$259$191
32 years$1,105$773$528$355$235$171
33 years$1,060$732$493$326$212$153
34 years$1,018$694$461$300$192$137
35 years$978$658$431$276$174$122
36 years$940$624$403$254$158$109
37 years$905$593$377$234$143$98
38 years$871$564$353$216$130$88
39 years$839$536$331$199$118$78
40 years$809$510$310$184$107$70
41 years$781$485$291$170$97$63
42 years$754$462$273$156$88$56
43 years$728$440$256$144$80$50
44 years$703$420$240$133$72$45
45 years$680$400$226$123$66$41
46 years$658$382$212$114$60$36
47 years$636$364$199$105$54$33
48 years$616$348$187$97$49$29
49 years$597$332$176$90$45$26
50 years$578$317$165$83$41$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $592,000, adding $6,100 every year, while hoping to spend $23,673 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: 53/39/8 Blend
56$592,000$592,000$592,000$592,000
57$658,676$627,300$618,124$691,970
58$700,673$632,850$613,643$720,787
59$746,161$637,878$608,219$749,023
60$795,469$642,335$601,795$779,176
61$848,963$646,165$594,311$811,432
62$907,043$649,313$585,706$845,997
63$970,148$651,716$575,914$883,096
64$1,038,764$653,311$564,868$922,981
65$1,113,423$654,028$552,496$965,929
66$1,194,711$653,794$538,723$1,012,247
67$1,283,274$652,532$523,473$1,062,273
68$1,379,821$650,160$506,663$1,116,381
69$1,485,134$646,589$488,207$1,174,986
70$1,600,073$641,727$468,018$1,238,544
71$1,725,585$635,476$446,000$1,307,560
72$1,862,712$627,732$422,058$1,382,592
73$2,012,600$618,382$396,089$1,464,257
74$2,176,514$607,312$367,987$1,553,236
75$2,355,844$594,396$337,640$1,650,281
76$2,552,122$579,502$304,932$1,756,223
77$2,767,033$562,493$269,742$1,871,981
78$3,002,434$543,219$231,943$1,998,568
79$3,260,372$521,526$191,402$2,137,104
80$3,543,097$497,248$147,981$2,288,825
81$3,853,090$470,210$101,536$2,455,098
82$4,193,084$440,229$51,916$2,637,429
83$4,566,086$407,108$0$2,837,483
84$4,975,413$370,642$0$3,057,188
85$5,424,713$330,612$0$3,303,217
86$5,918,009$286,787$0$3,573,390
87$6,459,730$238,924$0$3,870,194
88$7,054,757$186,766$0$4,196,373
89$7,708,465$130,040$0$4,554,956
90$8,426,775$68,459$0$4,949,285
91$9,216,213$1,720$0$5,383,046
92$10,083,966$0$0$5,860,306
93$11,037,951$0$0$6,415,806
94$12,086,894$0$0$7,027,474
95$13,240,406$0$0$7,700,186
96$14,509,077$0$0$8,440,127
97$15,904,574$0$0$9,254,108
98$17,439,752$0$0$10,149,638
99$19,128,775$0$0$11,134,988
100$20,987,248$0$0$12,219,271