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%12.9%
1 years$49,052$48,615$48,189$47,773$47,366$46,794
2 years$24,283$23,831$23,393$22,968$22,555$21,979
3 years$16,028$15,574$15,137$14,716$14,310$13,748
4 years$11,901$11,448$11,016$10,602$10,206$9,663
5 years$9,426$8,976$8,549$8,143$7,758$7,235
6 years$7,776$7,329$6,908$6,512$6,139$5,637
7 years$6,598$6,155$5,741$5,354$4,993$4,511
8 years$5,715$5,276$4,869$4,491$4,142$3,681
9 years$5,029$4,594$4,193$3,826$3,488$3,048
10 years$4,480$4,049$3,656$3,298$2,972$2,553
11 years$4,031$3,605$3,219$2,870$2,556$2,157
12 years$3,657$3,235$2,856$2,517$2,215$1,835
13 years$3,341$2,924$2,552$2,222$1,932$1,571
14 years$3,071$2,658$2,293$1,973$1,693$1,351
15 years$2,836$2,428$2,070$1,759$1,491$1,167
16 years$2,632$2,228$1,877$1,575$1,318$1,011
17 years$2,451$2,051$1,708$1,415$1,168$879
18 years$2,291$1,896$1,559$1,276$1,039$766
19 years$2,148$1,757$1,427$1,153$926$669
20 years$2,019$1,633$1,310$1,044$827$585
21 years$1,902$1,521$1,205$947$740$512
22 years$1,797$1,420$1,111$861$663$449
23 years$1,701$1,328$1,025$785$595$395
24 years$1,612$1,244$948$716$535$347
25 years$1,531$1,167$878$653$482$305
26 years$1,457$1,097$815$597$434$269
27 years$1,388$1,033$756$547$391$237
28 years$1,324$973$703$501$353$209
29 years$1,264$918$654$460$319$184
30 years$1,209$867$610$422$288$163
31 years$1,157$819$568$387$260$144
32 years$1,109$775$530$356$235$127
33 years$1,064$734$495$327$213$112
34 years$1,021$696$463$301$193$99
35 years$981$660$432$277$175$88
36 years$943$626$405$255$158$78
37 years$908$595$379$235$144$69
38 years$874$565$355$217$130$61
39 years$842$538$332$200$118$54
40 years$812$512$311$184$107$47
41 years$783$487$292$170$97$42
42 years$756$464$274$157$88$37
43 years$730$442$257$145$80$33
44 years$706$421$241$134$73$29
45 years$682$402$227$124$66$26
46 years$660$383$213$114$60$23
47 years$639$366$200$105$54$20
48 years$618$349$188$97$49$18
49 years$599$333$177$90$45$16
50 years$580$318$166$83$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $594,000, adding $3,238 every year, while hoping to spend $44,750 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: 47/41/12 Blend
56$594,000$594,000$594,000$594,000
57$657,928$626,446$617,239$686,505
58$677,423$609,528$590,303$689,656
59$697,407$590,282$560,965$688,198
60$717,882$568,545$529,096$685,614
61$738,849$544,147$494,565$681,813
62$760,309$516,908$457,230$676,701
63$782,260$486,636$416,947$670,177
64$804,699$453,129$373,563$662,134
65$827,620$416,174$326,919$652,457
66$851,016$375,545$276,849$641,025
67$874,875$331,003$223,179$627,708
68$899,186$282,295$165,729$612,368
69$923,931$229,156$104,309$594,860
70$949,090$171,303$38,722$575,027
71$974,640$108,439$0$552,703
72$1,000,551$40,250$0$531,716
73$1,026,789$0$0$513,426
74$1,053,316$0$0$507,854
75$1,080,085$0$0$520,532
76$1,107,043$0$0$533,269
77$1,134,130$0$0$546,035
78$1,161,276$0$0$558,792
79$1,188,402$0$0$571,497
80$1,215,418$0$0$584,103
81$1,242,222$0$0$596,556
82$1,268,700$0$0$608,794
83$1,294,721$0$0$620,750
84$1,320,140$0$0$632,345
85$1,344,792$0$0$643,494
86$1,368,494$0$0$654,100
87$1,391,039$0$0$664,054
88$1,412,197$0$0$673,235
89$1,431,710$0$0$681,508
90$1,449,291$0$0$688,723
91$1,464,618$0$0$694,711
92$1,477,335$0$0$699,286
93$1,487,045$0$0$702,240
94$1,493,303$0$0$703,340
95$1,495,620$0$0$702,332
96$1,493,447$0$0$698,929
97$1,486,179$0$0$692,815
98$1,473,143$0$0$683,639
99$1,453,590$0$0$671,013
100$1,426,695$0$0$654,504