Can I retire at age 57 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$49,465$49,024$48,594$48,175$47,765$46,974
2 years$24,488$24,031$23,590$23,161$22,745$21,950
3 years$16,163$15,705$15,264$14,839$14,431$13,657
4 years$12,001$11,545$11,108$10,691$10,292$9,545
5 years$9,505$9,051$8,620$8,212$7,824$7,106
6 years$7,841$7,391$6,967$6,567$6,191$5,503
7 years$6,654$6,207$5,789$5,399$5,035$4,378
8 years$5,763$5,320$4,910$4,529$4,177$3,550
9 years$5,071$4,632$4,229$3,858$3,517$2,920
10 years$4,517$4,083$3,687$3,325$2,997$2,429
11 years$4,065$3,635$3,246$2,894$2,578$2,038
12 years$3,688$3,263$2,881$2,539$2,234$1,722
13 years$3,369$2,949$2,574$2,241$1,948$1,464
14 years$3,097$2,680$2,312$1,989$1,707$1,250
15 years$2,860$2,448$2,088$1,774$1,503$1,071
16 years$2,654$2,246$1,893$1,589$1,329$921
17 years$2,472$2,069$1,722$1,427$1,178$795
18 years$2,310$1,912$1,572$1,286$1,047$687
19 years$2,166$1,772$1,439$1,162$934$595
20 years$2,036$1,646$1,321$1,053$834$516
21 years$1,918$1,533$1,215$955$746$448
22 years$1,812$1,431$1,120$869$669$390
23 years$1,715$1,339$1,034$791$600$340
24 years$1,626$1,254$956$722$540$296
25 years$1,544$1,177$886$659$486$258
26 years$1,469$1,106$821$603$437$225
27 years$1,400$1,041$763$552$394$197
28 years$1,335$981$709$505$356$172
29 years$1,275$926$660$463$321$151
30 years$1,219$874$615$425$290$132
31 years$1,167$826$573$391$263$115
32 years$1,118$782$535$359$237$101
33 years$1,073$740$499$330$215$88
34 years$1,030$702$466$304$195$77
35 years$989$666$436$280$176$68
36 years$951$632$408$257$160$59
37 years$915$600$382$237$145$52
38 years$881$570$358$219$131$46
39 years$849$542$335$202$119$40
40 years$819$516$314$186$108$35
41 years$790$491$294$172$98$31
42 years$763$468$276$158$89$27
43 years$737$446$259$146$81$24
44 years$712$425$243$135$73$21
45 years$688$405$228$125$66$18
46 years$665$386$215$115$60$16
47 years$644$369$202$106$55$14
48 years$623$352$189$98$50$12
49 years$604$336$178$91$45$11
50 years$585$321$167$84$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $599,000, adding $6,146 every year, while hoping to spend $48,290 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: 57/33/10 Blend
56$599,000$599,000$599,000$599,000
57$666,438$634,691$625,406$702,470
58$683,034$614,410$594,977$707,212
59$699,705$591,518$561,910$706,468
60$716,407$565,834$526,066$704,493
61$733,090$537,170$487,299$701,177
62$749,699$505,324$445,457$696,399
63$766,169$470,087$400,381$690,030
64$782,430$431,232$351,905$681,931
65$798,400$388,525$299,856$671,950
66$813,987$341,713$244,052$659,925
67$829,091$290,534$184,305$645,682
68$843,595$234,707$120,416$629,030
69$857,372$173,938$52,180$609,767
70$870,277$107,914$0$587,671
71$882,151$36,308$0$564,708
72$892,814$0$0$544,502
73$902,066$0$0$536,200
74$909,684$0$0$540,027
75$915,421$0$0$542,642
76$919,001$0$0$543,871
77$920,118$0$0$543,520
78$918,431$0$0$541,376
79$913,562$0$0$537,199
80$905,093$0$0$530,724
81$892,558$0$0$521,660
82$875,441$0$0$509,680
83$853,171$0$0$494,425
84$825,116$0$0$475,495
85$790,574$0$0$452,450
86$748,769$0$0$424,800
87$698,844$0$0$392,006
88$639,847$0$0$353,468
89$570,729$0$0$308,527
90$490,328$0$0$256,449
91$397,360$0$0$196,429
92$290,405$0$0$127,571
93$167,895$0$0$48,890
94$28,097$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0