Can I retire at age 57 with 597,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 years$49,300$48,861$48,432$48,014$47,606$45,880
2 years$24,406$23,951$23,511$23,084$22,669$20,950
3 years$16,109$15,652$15,213$14,790$14,382$12,723
4 years$11,961$11,506$11,071$10,655$10,258$8,671
5 years$9,473$9,021$8,592$8,184$7,798$6,288
6 years$7,815$7,366$6,943$6,545$6,170$4,738
7 years$6,631$6,186$5,770$5,381$5,018$3,664
8 years$5,744$5,303$4,893$4,514$4,163$2,885
9 years$5,054$4,617$4,215$3,845$3,506$2,303
10 years$4,502$4,070$3,674$3,314$2,987$1,857
11 years$4,051$3,623$3,235$2,885$2,569$1,509
12 years$3,676$3,252$2,871$2,530$2,226$1,234
13 years$3,358$2,939$2,565$2,234$1,941$1,014
14 years$3,086$2,671$2,305$1,983$1,702$837
15 years$2,851$2,440$2,081$1,768$1,498$692
16 years$2,645$2,239$1,887$1,583$1,324$575
17 years$2,463$2,062$1,717$1,423$1,174$478
18 years$2,302$1,905$1,567$1,282$1,044$398
19 years$2,158$1,766$1,435$1,158$931$332
20 years$2,029$1,641$1,317$1,049$831$277
21 years$1,912$1,528$1,211$952$744$232
22 years$1,806$1,427$1,116$866$667$194
23 years$1,709$1,334$1,031$788$598$162
24 years$1,621$1,250$953$719$538$136
25 years$1,539$1,173$883$657$484$114
26 years$1,464$1,103$819$601$436$96
27 years$1,395$1,038$760$550$393$80
28 years$1,331$978$707$504$355$67
29 years$1,271$922$658$462$320$57
30 years$1,215$871$613$424$289$47
31 years$1,163$824$571$389$262$40
32 years$1,115$779$533$358$237$33
33 years$1,069$738$498$329$214$28
34 years$1,026$699$465$303$194$24
35 years$986$663$435$279$176$20
36 years$948$630$407$257$159$17
37 years$912$598$381$236$144$14
38 years$879$568$356$218$131$12
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 $5,120 every year, while hoping to spend $46,852 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: 46/44/10 Blend
56$597,000$597,000$597,000$597,000
57$663,175$631,534$622,281$691,601
58$680,969$612,629$593,277$692,858
59$699,007$591,228$561,731$688,976
60$717,266$567,158$527,509$683,702
61$735,716$540,237$490,470$676,921
62$754,325$510,275$450,466$668,514
63$773,054$477,066$407,345$658,352
64$791,860$440,397$360,945$646,296
65$810,692$400,039$311,100$632,199
66$829,495$355,753$257,633$615,904
67$848,202$307,284$200,363$597,242
68$866,743$254,364$139,099$576,032
69$885,033$196,710$73,641$552,082
70$902,979$134,023$3,781$525,184
71$920,479$65,985$0$495,117
72$937,413$0$0$469,197
73$953,650$0$0$444,284
74$969,043$0$0$450,854
75$983,426$0$0$456,874
76$996,617$0$0$462,248
77$1,008,409$0$0$466,873
78$1,018,572$0$0$470,629
79$1,026,853$0$0$473,387
80$1,032,966$0$0$475,001
81$1,036,597$0$0$475,309
82$1,037,393$0$0$474,133
83$1,034,964$0$0$471,272
84$1,028,879$0$0$466,506
85$1,018,655$0$0$459,589
86$1,003,761$0$0$450,250
87$983,606$0$0$438,188
88$957,535$0$0$423,069
89$924,823$0$0$404,523
90$884,667$0$0$382,142
91$836,179$0$0$355,474
92$778,376$0$0$324,018
93$710,169$0$0$287,220
94$630,356$0$0$244,468
95$537,605$0$0$195,086
96$430,448$0$0$138,327
97$307,257$0$0$73,363
98$166,238$0$0$0
99$5,405$0$0$0
100$0$0$0$0