Can I retire at age 57 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$49,217$48,779$48,351$47,934$47,526$46,358
2 years$24,365$23,911$23,471$23,045$22,631$21,462
3 years$16,082$15,626$15,188$14,765$14,358$13,224
4 years$11,941$11,487$11,053$10,637$10,240$9,150
5 years$9,457$9,006$8,577$8,171$7,785$6,741
6 years$7,802$7,354$6,932$6,534$6,160$5,164
7 years$6,620$6,176$5,760$5,372$5,009$4,062
8 years$5,734$5,294$4,885$4,506$4,156$3,255
9 years$5,046$4,609$4,208$3,839$3,500$2,646
10 years$4,495$4,063$3,668$3,309$2,982$2,174
11 years$4,045$3,617$3,230$2,880$2,565$1,802
12 years$3,670$3,246$2,866$2,526$2,222$1,503
13 years$3,353$2,934$2,561$2,230$1,938$1,260
14 years$3,081$2,667$2,301$1,980$1,699$1,062
15 years$2,846$2,436$2,077$1,765$1,496$897
16 years$2,641$2,235$1,883$1,581$1,322$761
17 years$2,459$2,058$1,714$1,420$1,172$647
18 years$2,299$1,902$1,564$1,280$1,042$551
19 years$2,155$1,763$1,432$1,157$929$470
20 years$2,026$1,638$1,314$1,047$830$402
21 years$1,909$1,526$1,209$951$743$344
22 years$1,803$1,424$1,114$864$666$294
23 years$1,706$1,332$1,029$787$597$252
24 years$1,618$1,248$951$718$537$217
25 years$1,537$1,171$881$656$483$186
26 years$1,462$1,101$817$600$435$160
27 years$1,393$1,036$759$549$392$137
28 years$1,328$976$706$503$354$118
29 years$1,269$921$657$461$320$102
30 years$1,213$870$612$423$289$87
31 years$1,161$822$570$389$261$75
32 years$1,113$778$532$357$236$65
33 years$1,067$737$497$328$214$56
34 years$1,025$698$464$302$194$48
35 years$984$662$434$278$175$41
36 years$947$629$406$256$159$36
37 years$911$597$380$236$144$31
38 years$877$567$356$218$131$26
39 years$845$540$333$201$118$23
40 years$815$513$312$185$107$20
41 years$786$489$293$171$97$17
42 years$759$465$275$158$88$15
43 years$733$443$258$145$80$13
44 years$708$423$242$134$73$11
45 years$685$403$227$124$66$9
46 years$662$384$213$115$60$8
47 years$641$367$201$106$55$7
48 years$620$350$188$98$49$6
49 years$601$334$177$90$45$5
50 years$582$320$167$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $596,000, adding $2,743 every year, while hoping to spend $38,159 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: 42/37/21 Blend
56$596,000$596,000$596,000$596,000
57$659,621$628,033$618,795$683,166
58$686,302$618,206$598,924$690,341
59$714,425$606,618$577,108$694,212
60$744,097$593,144$553,242$697,626
61$775,435$577,648$527,216$700,560
62$808,566$559,989$498,915$702,993
63$843,629$540,018$468,217$704,906
64$880,774$517,574$434,997$706,279
65$920,168$492,490$399,125$707,095
66$961,991$464,587$360,461$707,339
67$1,006,441$433,679$318,863$706,999
68$1,053,733$399,565$274,181$706,065
69$1,104,106$362,036$226,258$704,531
70$1,157,818$320,868$174,931$702,395
71$1,215,153$275,829$120,029$699,661
72$1,276,422$226,668$61,373$696,338
73$1,341,967$173,124$0$692,442
74$1,412,160$114,919$0$688,269
75$1,487,412$51,762$0$698,273
76$1,568,174$0$0$708,774
77$1,654,937$0$0$726,657
78$1,748,246$0$0$768,605
79$1,848,693$0$0$813,819
80$1,956,934$0$0$862,599
81$2,073,684$0$0$915,277
82$2,199,733$0$0$972,215
83$2,335,947$0$0$1,033,814
84$2,483,278$0$0$1,100,513
85$2,642,772$0$0$1,172,795
86$2,815,579$0$0$1,251,190
87$3,002,965$0$0$1,336,282
88$3,206,321$0$0$1,428,715
89$3,427,176$0$0$1,529,193
90$3,667,214$0$0$1,638,496
91$3,928,285$0$0$1,757,476
92$4,212,426$0$0$1,887,076
93$4,521,878$0$0$2,028,331
94$4,859,108$0$0$2,182,381
95$5,226,829$0$0$2,350,479
96$5,628,029$0$0$2,534,006
97$6,065,995$0$0$2,734,482
98$6,544,347$0$0$2,953,579
99$7,067,068$0$0$3,193,140
100$7,638,546$0$0$3,455,193