Can I retire at age 57 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$48,969$48,533$48,108$47,692$47,287$45,939
2 years$24,242$23,791$23,353$22,929$22,517$21,170
3 years$16,001$15,548$15,111$14,691$14,286$12,981
4 years$11,881$11,429$10,997$10,584$10,189$8,937
5 years$9,410$8,961$8,534$8,129$7,745$6,549
6 years$7,763$7,317$6,897$6,501$6,129$4,990
7 years$6,587$6,145$5,731$5,345$4,984$3,902
8 years$5,705$5,267$4,861$4,484$4,135$3,110
9 years$5,020$4,586$4,186$3,819$3,482$2,512
10 years$4,472$4,042$3,650$3,292$2,967$2,051
11 years$4,024$3,599$3,213$2,865$2,552$1,689
12 years$3,651$3,230$2,852$2,513$2,211$1,400
13 years$3,336$2,919$2,548$2,219$1,928$1,166
14 years$3,066$2,653$2,289$1,970$1,690$975
15 years$2,832$2,424$2,067$1,756$1,488$819
16 years$2,627$2,224$1,874$1,573$1,315$689
17 years$2,447$2,048$1,705$1,413$1,166$582
18 years$2,287$1,892$1,557$1,273$1,037$492
19 years$2,144$1,754$1,425$1,151$924$417
20 years$2,015$1,630$1,308$1,042$826$353
21 years$1,899$1,518$1,203$946$739$300
22 years$1,794$1,417$1,109$860$662$255
23 years$1,698$1,325$1,024$783$594$217
24 years$1,610$1,242$947$714$534$185
25 years$1,529$1,165$877$652$481$157
26 years$1,454$1,095$813$596$433$134
27 years$1,385$1,031$755$546$390$114
28 years$1,322$971$702$500$352$97
29 years$1,262$916$653$459$318$83
30 years$1,207$865$609$421$287$71
31 years$1,155$818$567$387$260$61
32 years$1,107$774$529$355$235$52
33 years$1,062$733$494$327$213$44
34 years$1,019$695$462$301$193$38
35 years$979$659$432$277$174$32
36 years$942$625$404$255$158$28
37 years$906$594$378$235$143$23
38 years$873$565$354$216$130$20
39 years$841$537$332$200$118$17
40 years$811$511$311$184$107$15
41 years$782$486$291$170$97$13
42 years$755$463$273$157$88$11
43 years$729$441$257$145$80$9
44 years$705$421$241$134$72$8
45 years$681$401$226$123$66$7
46 years$659$383$212$114$60$6
47 years$637$365$200$105$54$5
48 years$617$348$188$97$49$4
49 years$598$333$176$90$45$4
50 years$579$318$166$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $593,000, adding $6,825 every year, while hoping to spend $30,781 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: 31/41/28 Blend
56$593,000$593,000$593,000$593,000
57$660,526$629,097$619,905$675,175
58$695,149$627,172$607,922$685,138
59$732,272$624,121$594,505$692,688
60$772,117$619,856$579,574$700,210
61$814,929$614,285$563,045$707,724
62$860,975$607,309$544,831$715,252
63$910,550$598,822$524,838$722,824
64$963,977$588,716$502,972$730,474
65$1,021,611$576,871$479,129$738,246
66$1,083,842$563,164$453,207$746,186
67$1,151,098$547,464$425,094$754,355
68$1,223,850$529,630$394,675$762,820
69$1,302,617$509,516$361,830$771,658
70$1,387,967$486,965$326,434$780,962
71$1,480,525$461,812$288,355$790,836
72$1,580,981$433,882$247,457$801,401
73$1,690,090$402,992$203,596$812,794
74$1,808,686$368,945$156,624$825,173
75$1,937,684$331,536$106,383$838,716
76$2,078,092$290,545$52,711$853,628
77$2,231,018$245,743$0$870,139
78$2,397,684$196,886$0$889,873
79$2,579,431$143,717$0$928,656
80$2,777,738$85,964$0$971,111
81$2,994,230$23,339$0$1,017,669
82$3,230,700$0$0$1,068,812
83$3,489,118$0$0$1,145,133
84$3,771,654$0$0$1,240,178
85$4,080,699$0$0$1,344,233
86$4,418,882$0$0$1,458,194
87$4,789,102$0$0$1,583,050
88$5,194,549$0$0$1,719,889
89$5,638,735$0$0$1,869,909
90$6,125,530$0$0$2,034,432
91$6,659,194$0$0$2,214,910
92$7,244,422$0$0$2,412,945
93$7,886,381$0$0$2,630,302
94$8,590,766$0$0$2,868,922
95$9,363,847$0$0$3,130,948
96$10,212,533$0$0$3,418,736
97$11,144,432$0$0$3,734,884
98$12,167,926$0$0$4,082,254
99$13,292,250$0$0$4,463,997
100$14,527,576$0$0$4,883,586