Can I retire at age 57 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$49,052$48,615$48,189$47,773$47,366$45,777
2 years$24,283$23,831$23,393$22,968$22,555$20,970
3 years$16,028$15,574$15,137$14,716$14,310$12,778
4 years$11,901$11,448$11,016$10,602$10,206$8,739
5 years$9,426$8,976$8,549$8,143$7,758$6,361
6 years$7,776$7,329$6,908$6,512$6,139$4,812
7 years$6,598$6,155$5,741$5,354$4,993$3,735
8 years$5,715$5,276$4,869$4,491$4,142$2,954
9 years$5,029$4,594$4,193$3,826$3,488$2,368
10 years$4,480$4,049$3,656$3,298$2,972$1,918
11 years$4,031$3,605$3,219$2,870$2,556$1,566
12 years$3,657$3,235$2,856$2,517$2,215$1,286
13 years$3,341$2,924$2,552$2,222$1,932$1,062
14 years$3,071$2,658$2,293$1,973$1,693$880
15 years$2,836$2,428$2,070$1,759$1,491$732
16 years$2,632$2,228$1,877$1,575$1,318$611
17 years$2,451$2,051$1,708$1,415$1,168$511
18 years$2,291$1,896$1,559$1,276$1,039$428
19 years$2,148$1,757$1,427$1,153$926$359
20 years$2,019$1,633$1,310$1,044$827$301
21 years$1,902$1,521$1,205$947$740$253
22 years$1,797$1,420$1,111$861$663$213
23 years$1,701$1,328$1,025$785$595$179
24 years$1,612$1,244$948$716$535$151
25 years$1,531$1,167$878$653$482$127
26 years$1,457$1,097$815$597$434$107
27 years$1,388$1,033$756$547$391$91
28 years$1,324$973$703$501$353$76
29 years$1,264$918$654$460$319$65
30 years$1,209$867$610$422$288$54
31 years$1,157$819$568$387$260$46
32 years$1,109$775$530$356$235$39
33 years$1,064$734$495$327$213$33
34 years$1,021$696$463$301$193$28
35 years$981$660$432$277$175$23
36 years$943$626$405$255$158$20
37 years$908$595$379$235$144$17
38 years$874$565$355$217$130$14
39 years$842$538$332$200$118$12
40 years$812$512$311$184$107$10
41 years$783$487$292$170$97$9
42 years$756$464$274$157$88$7
43 years$730$442$257$145$80$6
44 years$706$421$241$134$73$5
45 years$682$402$227$124$66$4
46 years$660$383$213$114$60$4
47 years$639$366$200$105$54$3
48 years$618$349$188$97$49$3
49 years$599$333$177$90$45$2
50 years$580$318$166$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $594,000, adding $2,270 every year, while hoping to spend $41,135 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: 47/38/15 Blend
56$594,000$594,000$594,000$594,000
57$656,930$625,448$616,241$684,931
58$680,169$612,327$593,117$691,454
59$704,400$597,185$567,841$694,148
60$729,681$579,879$540,295$696,175
61$756,073$560,258$510,360$697,488
62$783,645$538,163$477,909$698,038
63$812,468$513,424$442,810$697,776
64$842,621$485,863$404,926$696,649
65$874,189$455,291$364,111$694,604
66$907,263$421,508$320,217$691,586
67$941,945$384,302$273,085$687,538
68$978,342$343,451$222,551$682,402
69$1,016,571$298,718$168,445$676,118
70$1,056,760$249,855$110,586$668,625
71$1,099,048$196,596$48,790$659,861
72$1,143,586$138,665$0$649,763
73$1,190,539$75,767$0$641,015
74$1,240,086$7,591$0$639,318
75$1,292,422$0$0$636,825
76$1,347,761$0$0$661,187
77$1,406,334$0$0$690,363
78$1,468,397$0$0$721,310
79$1,534,227$0$0$754,170
80$1,604,127$0$0$789,099
81$1,678,429$0$0$826,269
82$1,757,497$0$0$865,865
83$1,841,727$0$0$908,092
84$1,931,555$0$0$953,174
85$2,027,458$0$0$1,001,358
86$2,129,958$0$0$1,052,911
87$2,239,627$0$0$1,108,129
88$2,357,094$0$0$1,167,336
89$2,483,046$0$0$1,230,887
90$2,618,240$0$0$1,299,171
91$2,763,504$0$0$1,372,616
92$2,919,748$0$0$1,451,692
93$3,087,972$0$0$1,536,914
94$3,269,272$0$0$1,628,849
95$3,464,855$0$0$1,728,119
96$3,676,043$0$0$1,835,408
97$3,904,293$0$0$1,951,468
98$4,151,203$0$0$2,077,125
99$4,418,531$0$0$2,213,287
100$4,708,209$0$0$2,360,953