Can I retire at age 57 with 599,000?

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 $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%14.5%
1 years$49,465$49,024$48,594$48,175$47,765$46,877
2 years$24,488$24,031$23,590$23,161$22,745$21,854
3 years$16,163$15,705$15,264$14,839$14,431$13,564
4 years$12,001$11,545$11,108$10,691$10,292$9,457
5 years$9,505$9,051$8,620$8,212$7,824$7,022
6 years$7,841$7,391$6,967$6,567$6,191$5,423
7 years$6,654$6,207$5,789$5,399$5,035$4,302
8 years$5,763$5,320$4,910$4,529$4,177$3,478
9 years$5,071$4,632$4,229$3,858$3,517$2,853
10 years$4,517$4,083$3,687$3,325$2,997$2,366
11 years$4,065$3,635$3,246$2,894$2,578$1,979
12 years$3,688$3,263$2,881$2,539$2,234$1,667
13 years$3,369$2,949$2,574$2,241$1,948$1,412
14 years$3,097$2,680$2,312$1,989$1,707$1,202
15 years$2,860$2,448$2,088$1,774$1,503$1,026
16 years$2,654$2,246$1,893$1,589$1,329$880
17 years$2,472$2,069$1,722$1,427$1,178$756
18 years$2,310$1,912$1,572$1,286$1,047$651
19 years$2,166$1,772$1,439$1,162$934$562
20 years$2,036$1,646$1,321$1,053$834$485
21 years$1,918$1,533$1,215$955$746$420
22 years$1,812$1,431$1,120$869$669$364
23 years$1,715$1,339$1,034$791$600$316
24 years$1,626$1,254$956$722$540$274
25 years$1,544$1,177$886$659$486$238
26 years$1,469$1,106$821$603$437$207
27 years$1,400$1,041$763$552$394$180
28 years$1,335$981$709$505$356$157
29 years$1,275$926$660$463$321$137
30 years$1,219$874$615$425$290$119
31 years$1,167$826$573$391$263$104
32 years$1,118$782$535$359$237$90
33 years$1,073$740$499$330$215$79
34 years$1,030$702$466$304$195$69
35 years$989$666$436$280$176$60
36 years$951$632$408$257$160$52
37 years$915$600$382$237$145$46
38 years$881$570$358$219$131$40
39 years$849$542$335$202$119$35
40 years$819$516$314$186$108$30
41 years$790$491$294$172$98$26
42 years$763$468$276$158$89$23
43 years$737$446$259$146$81$20
44 years$712$425$243$135$73$18
45 years$688$405$228$125$66$15
46 years$665$386$215$115$60$13
47 years$644$369$202$106$55$12
48 years$623$352$189$98$50$10
49 years$604$336$178$91$45$9
50 years$585$321$167$84$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $599,000, adding $5,192 every year, while hoping to spend $43,119 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: 64/24/12 Blend
56$599,000$599,000$599,000$599,000
57$665,454$633,707$624,422$705,880
58$687,452$618,880$599,462$718,719
59$710,248$601,882$572,220$727,256
60$733,879$582,560$542,576$735,503
61$758,383$560,753$510,400$743,429
62$783,800$536,292$475,561$751,005
63$810,174$508,997$437,918$758,198
64$837,550$478,676$397,327$764,975
65$865,978$445,129$353,635$771,301
66$895,510$408,143$306,684$777,141
67$926,203$367,492$256,308$782,455
68$958,115$322,938$202,334$787,207
69$991,311$274,231$144,581$791,354
70$1,025,861$221,105$82,861$794,857
71$1,061,839$163,278$16,976$797,672
72$1,099,323$100,456$0$799,755
73$1,138,400$32,324$0$807,890
74$1,179,161$0$0$817,966
75$1,221,706$0$0$838,737
76$1,266,143$0$0$869,355
77$1,312,586$0$0$901,366
78$1,361,161$0$0$934,858
79$1,412,004$0$0$969,924
80$1,465,261$0$0$1,006,668
81$1,521,091$0$0$1,045,201
82$1,579,666$0$0$1,085,644
83$1,641,174$0$0$1,128,128
84$1,705,818$0$0$1,172,795
85$1,773,819$0$0$1,219,801
86$1,845,417$0$0$1,269,313
87$1,920,874$0$0$1,321,517
88$2,000,475$0$0$1,376,611
89$2,084,531$0$0$1,434,814
90$2,173,381$0$0$1,496,364
91$2,267,395$0$0$1,561,521
92$2,366,977$0$0$1,630,569
93$2,472,568$0$0$1,703,818
94$2,584,650$0$0$1,781,606
95$2,703,751$0$0$1,864,304
96$2,830,447$0$0$1,952,319
97$2,965,370$0$0$2,046,093
98$3,109,211$0$0$2,146,114
99$3,262,727$0$0$2,252,913
100$3,426,747$0$0$2,367,074