Can I retire at age 57 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$49,547$49,106$48,676$48,255$47,845$46,239
2 years$24,528$24,072$23,629$23,200$22,783$21,182
3 years$16,190$15,731$15,289$14,864$14,455$12,907
4 years$12,021$11,564$11,127$10,709$10,309$8,828
5 years$9,521$9,066$8,635$8,225$7,837$6,425
6 years$7,855$7,403$6,978$6,578$6,201$4,860
7 years$6,665$6,217$5,799$5,408$5,043$3,773
8 years$5,773$5,329$4,918$4,537$4,184$2,984
9 years$5,079$4,640$4,236$3,864$3,523$2,392
10 years$4,525$4,090$3,693$3,331$3,002$1,937
11 years$4,072$3,641$3,251$2,899$2,582$1,581
12 years$3,694$3,268$2,885$2,543$2,237$1,299
13 years$3,375$2,953$2,578$2,245$1,951$1,073
14 years$3,102$2,685$2,316$1,993$1,710$889
15 years$2,865$2,452$2,091$1,777$1,506$740
16 years$2,658$2,250$1,896$1,591$1,331$617
17 years$2,476$2,072$1,725$1,430$1,180$516
18 years$2,314$1,915$1,575$1,289$1,049$432
19 years$2,169$1,775$1,442$1,164$935$362
20 years$2,039$1,649$1,323$1,054$835$304
21 years$1,922$1,536$1,217$957$748$256
22 years$1,815$1,434$1,122$870$670$215
23 years$1,718$1,341$1,036$792$601$181
24 years$1,629$1,256$958$723$541$153
25 years$1,547$1,179$887$660$486$129
26 years$1,472$1,108$823$604$438$108
27 years$1,402$1,043$764$552$395$92
28 years$1,337$983$710$506$356$77
29 years$1,277$927$661$464$322$65
30 years$1,221$876$616$426$291$55
31 years$1,169$828$574$391$263$46
32 years$1,120$783$536$360$238$39
33 years$1,075$742$500$331$215$33
34 years$1,032$703$467$304$195$28
35 years$991$667$437$280$177$24
36 years$953$633$409$258$160$20
37 years$917$601$382$238$145$17
38 years$883$571$358$219$131$14
39 years$851$543$336$202$119$12
40 years$820$517$315$186$108$10
41 years$791$492$295$172$98$9
42 years$764$468$277$159$89$7
43 years$738$446$260$146$81$6
44 years$713$425$244$135$73$5
45 years$689$406$229$125$67$4
46 years$667$387$215$115$60$4
47 years$645$369$202$107$55$3
48 years$624$353$190$98$50$3
49 years$605$337$178$91$45$2
50 years$586$322$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $600,000, adding $3,283 every year, while hoping to spend $38,598 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: 73/10/17 Blend
56$600,000$600,000$600,000$600,000
57$664,586$632,786$623,486$710,268
58$691,306$622,725$603,305$730,943
59$719,458$610,877$581,154$748,565
60$749,147$597,114$556,927$766,862
61$780,487$581,300$530,512$785,891
62$813,605$563,291$501,792$805,718
63$848,636$542,936$470,645$826,416
64$885,729$520,073$436,944$848,066
65$925,048$494,531$400,556$870,756
66$966,770$466,130$361,342$894,587
67$1,011,089$434,679$319,156$919,671
68$1,058,220$399,978$273,847$946,130
69$1,108,393$361,811$225,256$974,101
70$1,161,865$319,956$173,217$1,003,738
71$1,218,913$274,172$117,558$1,035,210
72$1,279,845$224,209$58,099$1,068,703
73$1,344,994$169,800$0$1,104,429
74$1,414,729$110,666$0$1,143,588
75$1,489,452$46,509$0$1,196,777
76$1,569,605$0$0$1,253,769
77$1,655,673$0$0$1,317,447
78$1,748,188$0$0$1,391,415
79$1,847,734$0$0$1,471,025
80$1,954,952$0$0$1,556,793
81$2,070,547$0$0$1,649,284
82$2,195,293$0$0$1,749,121
83$2,330,040$0$0$1,856,987
84$2,475,722$0$0$1,973,633
85$2,633,366$0$0$2,099,885
86$2,804,101$0$0$2,236,650
87$2,989,168$0$0$2,384,927
88$3,189,933$0$0$2,545,811
89$3,407,895$0$0$2,720,512
90$3,644,705$0$0$2,910,355
91$3,902,180$0$0$3,116,801
92$4,182,318$0$0$3,341,457
93$4,487,317$0$0$3,586,090
94$4,819,595$0$0$3,852,645
95$5,181,814$0$0$4,143,263
96$5,576,904$0$0$4,460,301
97$6,008,090$0$0$4,806,350
98$6,478,920$0$0$5,184,267
99$6,993,303$0$0$5,597,192
100$7,555,538$0$0$6,048,586