Can I retire at age 57 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$49,795$49,352$48,919$48,497$48,084$47,781
2 years$24,651$24,192$23,747$23,316$22,897$22,592
3 years$16,271$15,810$15,366$14,939$14,527$14,228
4 years$12,081$11,622$11,182$10,762$10,361$10,071
5 years$9,569$9,112$8,678$8,267$7,876$7,596
6 years$7,894$7,440$7,013$6,611$6,232$5,963
7 years$6,698$6,248$5,828$5,435$5,068$4,809
8 years$5,802$5,356$4,943$4,559$4,205$3,956
9 years$5,105$4,663$4,257$3,884$3,541$3,303
10 years$4,548$4,111$3,711$3,348$3,017$2,789
11 years$4,092$3,659$3,267$2,913$2,595$2,377
12 years$3,713$3,284$2,900$2,556$2,249$2,041
13 years$3,392$2,968$2,591$2,256$1,961$1,763
14 years$3,117$2,698$2,328$2,003$1,719$1,530
15 years$2,879$2,465$2,102$1,786$1,513$1,334
16 years$2,672$2,261$1,905$1,599$1,338$1,167
17 years$2,488$2,083$1,734$1,437$1,186$1,025
18 years$2,326$1,924$1,583$1,295$1,054$902
19 years$2,180$1,783$1,449$1,170$940$795
20 years$2,049$1,657$1,330$1,060$840$703
21 years$1,931$1,544$1,223$962$751$622
22 years$1,824$1,441$1,127$874$673$551
23 years$1,726$1,348$1,041$796$605$489
24 years$1,637$1,263$963$726$543$435
25 years$1,555$1,185$892$663$489$387
26 years$1,479$1,114$827$607$440$345
27 years$1,409$1,048$768$555$397$307
28 years$1,344$988$714$509$358$274
29 years$1,284$932$664$466$324$244
30 years$1,227$880$619$428$292$218
31 years$1,175$832$577$393$264$195
32 years$1,126$787$538$361$239$174
33 years$1,080$745$503$332$216$156
34 years$1,037$706$470$306$196$139
35 years$996$670$439$281$177$124
36 years$958$636$411$259$161$111
37 years$922$604$384$239$146$100
38 years$887$574$360$220$132$89
39 years$855$546$337$203$120$80
40 years$824$519$316$187$109$72
41 years$795$494$296$173$99$64
42 years$768$471$278$159$89$57
43 years$741$449$261$147$81$51
44 years$716$428$245$136$74$46
45 years$693$408$230$125$67$41
46 years$670$389$216$116$61$37
47 years$648$371$203$107$55$33
48 years$628$354$191$99$50$30
49 years$608$338$179$91$45$27
50 years$589$323$168$85$41$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $603,000, adding $6,159 every year, while hoping to spend $52,622 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: 65/9/26 Blend
56$603,000$603,000$603,000$603,000
57$670,859$638,900$629,554$709,518
58$683,297$614,217$594,654$711,670
59$695,240$586,560$556,822$707,588
60$706,583$555,729$515,903$701,951
61$717,205$521,511$471,737$694,611
62$726,976$483,681$424,156$685,406
63$735,746$442,000$372,984$674,161
64$743,352$396,218$318,038$660,686
65$749,609$346,067$259,128$644,772
66$754,313$291,268$196,052$626,193
67$757,236$231,524$128,604$604,702
68$758,126$166,521$56,564$580,030
69$756,702$95,927$0$551,883
70$752,652$19,394$0$525,579
71$745,629$0$0$512,243
72$735,252$0$0$502,140
73$721,092$0$0$491,225
74$702,681$0$0$477,240
75$679,494$0$0$459,810
76$650,955$0$0$438,519
77$616,422$0$0$412,909
78$575,187$0$0$382,471
79$526,468$0$0$346,642
80$469,396$0$0$304,802
81$403,013$0$0$256,262
82$326,260$0$0$200,263
83$237,966$0$0$135,965
84$136,836$0$0$62,439
85$21,440$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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