Can I retire at age 57 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$49,300$48,861$48,432$48,014$47,606$45,862
2 years$24,406$23,951$23,511$23,084$22,669$20,932
3 years$16,109$15,652$15,213$14,790$14,382$12,706
4 years$11,961$11,506$11,071$10,655$10,258$8,655
5 years$9,473$9,021$8,592$8,184$7,798$6,273
6 years$7,815$7,366$6,943$6,545$6,170$4,724
7 years$6,631$6,186$5,770$5,381$5,018$3,651
8 years$5,744$5,303$4,893$4,514$4,163$2,873
9 years$5,054$4,617$4,215$3,845$3,506$2,292
10 years$4,502$4,070$3,674$3,314$2,987$1,847
11 years$4,051$3,623$3,235$2,885$2,569$1,500
12 years$3,676$3,252$2,871$2,530$2,226$1,226
13 years$3,358$2,939$2,565$2,234$1,941$1,007
14 years$3,086$2,671$2,305$1,983$1,702$830
15 years$2,851$2,440$2,081$1,768$1,498$686
16 years$2,645$2,239$1,887$1,583$1,324$569
17 years$2,463$2,062$1,717$1,423$1,174$473
18 years$2,302$1,905$1,567$1,282$1,044$394
19 years$2,158$1,766$1,435$1,158$931$328
20 years$2,029$1,641$1,317$1,049$831$274
21 years$1,912$1,528$1,211$952$744$229
22 years$1,806$1,427$1,116$866$667$191
23 years$1,709$1,334$1,031$788$598$160
24 years$1,621$1,250$953$719$538$134
25 years$1,539$1,173$883$657$484$112
26 years$1,464$1,103$819$601$436$94
27 years$1,395$1,038$760$550$393$79
28 years$1,331$978$707$504$355$66
29 years$1,271$922$658$462$320$55
30 years$1,215$871$613$424$289$46
31 years$1,163$824$571$389$262$39
32 years$1,115$779$533$358$237$33
33 years$1,069$738$498$329$214$27
34 years$1,026$699$465$303$194$23
35 years$986$663$435$279$176$19
36 years$948$630$407$257$159$16
37 years$912$598$381$236$144$14
38 years$879$568$356$218$131$11
39 years$847$540$334$201$119$10
40 years$816$514$313$185$108$8
41 years$787$489$293$171$98$7
42 years$760$466$275$158$89$6
43 years$734$444$258$146$80$5
44 years$709$423$242$135$73$4
45 years$686$404$228$124$66$3
46 years$663$385$214$115$60$3
47 years$642$368$201$106$55$2
48 years$621$351$189$98$50$2
49 years$602$335$177$91$45$2
50 years$583$320$167$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $597,000, adding $5,311 every year, while hoping to spend $20,439 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: 42/50/8 Blend
56$597,000$597,000$597,000$597,000
57$663,372$631,731$622,478$689,461
58$709,289$640,939$621,584$717,375
59$759,205$649,913$619,975$745,100
60$813,505$658,620$617,606$774,653
61$872,615$667,025$614,428$806,208
62$937,003$675,090$610,392$839,958
63$1,007,182$682,775$605,445$876,116
64$1,083,720$690,036$599,533$914,917
65$1,167,240$696,828$592,598$956,620
66$1,258,427$703,102$584,579$1,001,512
67$1,358,038$708,805$575,413$1,049,911
68$1,466,903$713,882$565,035$1,102,166
69$1,585,939$718,274$553,375$1,158,665
70$1,716,153$721,917$540,361$1,219,836
71$1,858,654$724,745$525,917$1,286,150
72$2,014,666$726,686$509,964$1,358,129
73$2,185,533$727,665$492,419$1,436,350
74$2,372,738$727,601$473,196$1,521,449
75$2,577,912$726,409$452,203$1,614,130
76$2,802,854$723,997$429,346$1,715,169
77$3,049,542$720,271$404,527$1,825,423
78$3,320,158$715,127$377,641$1,945,841
79$3,617,103$708,457$348,581$2,077,467
80$3,943,023$700,146$317,234$2,221,457
81$4,300,831$690,073$283,481$2,379,085
82$4,693,737$678,108$247,199$2,551,761
83$5,125,278$664,115$208,260$2,741,037
84$5,599,349$647,949$166,529$2,948,631
85$6,120,240$629,456$121,865$3,176,436
86$6,692,680$608,475$74,123$3,426,543
87$7,321,876$584,833$23,149$3,701,259
88$8,013,567$558,349$0$4,003,133
89$8,774,073$528,830$0$4,337,643
90$9,610,358$496,073$0$4,707,506
91$10,530,097$459,863$0$5,114,182
92$11,541,743$419,972$0$5,561,465
93$12,654,610$376,160$0$6,053,541
94$13,878,962$328,173$0$6,595,025
95$15,226,105$275,743$0$7,191,010
96$16,708,499$218,585$0$7,847,115
97$18,339,871$156,401$0$8,569,535
98$20,135,346$88,873$0$9,365,106
99$22,111,592$15,668$0$10,241,365
100$24,286,971$0$0$11,206,628