Can I retire at age 57 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$49,878$49,433$49,000$48,577$48,164$46,829
2 years$24,692$24,232$23,786$23,354$22,935$21,600
3 years$16,298$15,836$15,391$14,963$14,551$13,258
4 years$12,102$11,641$11,201$10,780$10,378$9,136
5 years$9,584$9,127$8,692$8,280$7,889$6,702
6 years$7,907$7,453$7,025$6,622$6,242$5,112
7 years$6,709$6,259$5,838$5,444$5,077$4,003
8 years$5,811$5,365$4,951$4,567$4,212$3,193
9 years$5,113$4,671$4,264$3,890$3,547$2,583
10 years$4,555$4,117$3,718$3,353$3,022$2,112
11 years$4,099$3,665$3,273$2,918$2,599$1,741
12 years$3,719$3,290$2,905$2,560$2,252$1,444
13 years$3,398$2,973$2,595$2,260$1,964$1,205
14 years$3,122$2,702$2,332$2,006$1,722$1,009
15 years$2,884$2,469$2,105$1,789$1,516$849
16 years$2,676$2,265$1,909$1,602$1,340$715
17 years$2,492$2,086$1,737$1,439$1,188$605
18 years$2,329$1,928$1,585$1,297$1,056$512
19 years$2,184$1,786$1,451$1,172$941$434
20 years$2,053$1,660$1,332$1,062$841$369
21 years$1,934$1,546$1,225$963$753$314
22 years$1,827$1,443$1,129$876$675$267
23 years$1,729$1,350$1,043$798$606$228
24 years$1,640$1,265$964$728$544$194
25 years$1,557$1,187$893$664$490$165
26 years$1,481$1,116$828$608$441$141
27 years$1,411$1,050$769$556$398$121
28 years$1,346$989$715$510$359$103
29 years$1,286$933$665$467$324$88
30 years$1,229$881$620$429$293$75
31 years$1,177$833$578$394$265$64
32 years$1,128$788$539$362$239$55
33 years$1,082$747$503$333$217$47
34 years$1,038$708$470$306$196$40
35 years$998$671$440$282$178$34
36 years$959$637$411$260$161$29
37 years$923$605$385$239$146$25
38 years$889$575$361$220$132$22
39 years$856$547$338$203$120$18
40 years$826$520$317$188$109$16
41 years$797$495$297$173$99$14
42 years$769$472$278$160$90$12
43 years$743$449$261$147$81$10
44 years$718$428$245$136$74$8
45 years$694$408$230$126$67$7
46 years$671$390$216$116$61$6
47 years$649$372$203$107$55$5
48 years$629$355$191$99$50$5
49 years$609$339$180$92$46$4
50 years$590$324$169$85$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $604,000, adding $2,408 every year, while hoping to spend $32,253 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: 41/42/17 Blend
56$604,000$604,000$604,000$604,000
57$668,092$636,080$626,718$692,043
58$701,920$632,931$613,396$706,106
59$738,118$628,547$598,547$717,994
60$776,893$622,832$582,085$730,179
61$818,473$615,688$563,922$742,705
62$863,108$607,007$543,964$755,622
63$911,072$596,677$522,113$768,986
64$962,666$584,579$498,269$782,863
65$1,018,220$570,586$472,323$797,329
66$1,078,098$554,564$444,165$812,468
67$1,142,697$536,371$413,678$828,378
68$1,212,457$515,858$380,741$845,170
69$1,287,859$492,866$345,227$862,969
70$1,369,431$467,227$307,002$881,916
71$1,457,755$438,763$265,929$902,172
72$1,553,470$407,286$221,862$923,918
73$1,657,279$372,599$174,650$947,357
74$1,769,956$334,490$124,134$972,719
75$1,892,350$292,739$70,152$1,000,261
76$2,025,396$247,110$12,529$1,030,272
77$2,170,125$197,357$0$1,063,076
78$2,327,667$143,216$0$1,107,919
79$2,499,268$84,413$0$1,159,328
80$2,686,300$20,655$0$1,215,519
81$2,890,270$0$0$1,277,037
82$3,112,838$0$0$1,366,843
83$3,355,834$0$0$1,475,385
84$3,621,267$0$0$1,594,027
85$3,911,354$0$0$1,723,767
86$4,228,532$0$0$1,865,705
87$4,575,486$0$0$2,021,054
88$4,955,172$0$0$2,191,147
89$5,370,846$0$0$2,377,454
90$5,826,091$0$0$2,581,593
91$6,324,854$0$0$2,805,346
92$6,871,483$0$0$3,050,675
93$7,470,766$0$0$3,319,741
94$8,127,974$0$0$3,614,927
95$8,848,916$0$0$3,938,853
96$9,639,989$0$0$4,294,409
97$10,508,239$0$0$4,684,776
98$11,461,426$0$0$5,113,459
99$12,508,101$0$0$5,584,318
100$13,657,682$0$0$6,101,609