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%13%
1 years$49,547$49,106$48,676$48,255$47,845$47,247
2 years$24,528$24,072$23,629$23,200$22,783$22,182
3 years$16,190$15,731$15,289$14,864$14,455$13,868
4 years$12,021$11,564$11,127$10,709$10,309$9,742
5 years$9,521$9,066$8,635$8,225$7,837$7,291
6 years$7,855$7,403$6,978$6,578$6,201$5,677
7 years$6,665$6,217$5,799$5,408$5,043$4,541
8 years$5,773$5,329$4,918$4,537$4,184$3,704
9 years$5,079$4,640$4,236$3,864$3,523$3,065
10 years$4,525$4,090$3,693$3,331$3,002$2,565
11 years$4,072$3,641$3,251$2,899$2,582$2,166
12 years$3,694$3,268$2,885$2,543$2,237$1,842
13 years$3,375$2,953$2,578$2,245$1,951$1,576
14 years$3,102$2,685$2,316$1,993$1,710$1,354
15 years$2,865$2,452$2,091$1,777$1,506$1,169
16 years$2,658$2,250$1,896$1,591$1,331$1,012
17 years$2,476$2,072$1,725$1,430$1,180$879
18 years$2,314$1,915$1,575$1,289$1,049$765
19 years$2,169$1,775$1,442$1,164$935$668
20 years$2,039$1,649$1,323$1,054$835$584
21 years$1,922$1,536$1,217$957$748$511
22 years$1,815$1,434$1,122$870$670$448
23 years$1,718$1,341$1,036$792$601$393
24 years$1,629$1,256$958$723$541$345
25 years$1,547$1,179$887$660$486$304
26 years$1,472$1,108$823$604$438$267
27 years$1,402$1,043$764$552$395$235
28 years$1,337$983$710$506$356$207
29 years$1,277$927$661$464$322$183
30 years$1,221$876$616$426$291$161
31 years$1,169$828$574$391$263$142
32 years$1,120$783$536$360$238$125
33 years$1,075$742$500$331$215$111
34 years$1,032$703$467$304$195$98
35 years$991$667$437$280$177$86
36 years$953$633$409$258$160$76
37 years$917$601$382$238$145$67
38 years$883$571$358$219$131$60
39 years$851$543$336$202$119$53
40 years$820$517$315$186$108$47
41 years$791$492$295$172$98$41
42 years$764$468$277$159$89$36
43 years$738$446$260$146$81$32
44 years$713$425$244$135$73$29
45 years$689$406$229$125$67$25
46 years$667$387$215$115$60$22
47 years$645$369$202$107$55$20
48 years$624$353$190$98$50$17
49 years$605$337$178$91$45$15
50 years$586$322$168$84$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $600,000, adding $3,731 every year, while hoping to spend $23,615 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: 60/27/13 Blend
56$600,000$600,000$600,000$600,000
57$665,049$633,249$623,949$702,612
58$707,757$639,152$619,725$734,239
59$754,031$644,552$614,568$765,734
60$804,208$649,401$608,422$799,523
61$858,661$653,646$601,228$835,829
62$917,800$657,230$592,924$874,900
63$982,074$660,093$583,446$917,006
64$1,051,981$662,172$572,726$962,450
65$1,128,064$663,401$560,694$1,011,563
66$1,210,925$663,705$547,276$1,064,711
67$1,301,223$663,011$532,393$1,122,300
68$1,399,686$661,236$515,966$1,184,776
69$1,507,112$658,295$497,909$1,252,632
70$1,624,382$654,096$478,134$1,326,413
71$1,752,466$648,543$456,548$1,406,720
72$1,892,430$641,534$433,055$1,494,215
73$2,045,448$632,960$407,552$1,589,632
74$2,212,814$622,705$379,936$1,693,779
75$2,395,951$610,647$350,093$1,807,547
76$2,596,427$596,658$317,911$1,931,921
77$2,815,968$580,600$283,266$2,067,988
78$3,056,476$562,329$246,035$2,216,947
79$3,320,044$541,690$206,085$2,380,121
80$3,608,978$518,522$163,278$2,558,971
81$3,925,817$492,653$117,471$2,755,107
82$4,273,358$463,902$68,515$2,970,308
83$4,654,683$432,075$16,252$3,206,535
84$5,073,184$396,970$0$3,465,953
85$5,532,600$358,373$0$3,756,431
86$6,037,047$316,055$0$4,077,885
87$6,591,063$269,778$0$4,430,988
88$7,199,642$219,288$0$4,818,972
89$7,868,289$164,317$0$5,245,400
90$8,603,068$104,582$0$5,714,202
91$9,410,659$39,785$0$6,229,711
92$10,298,422$0$0$6,796,702
93$11,274,466$0$0$7,429,471
94$12,347,722$0$0$8,138,314
95$13,528,032$0$0$8,917,917
96$14,826,241$0$0$9,775,448
97$16,254,296$0$0$10,718,806
98$17,825,359$0$0$11,756,694
99$19,553,934$0$0$12,898,701
100$21,456,001$0$0$14,155,391