Can I retire at age 57 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$49,960$49,515$49,081$48,657$48,244$46,495
2 years$24,733$24,272$23,826$23,393$22,973$21,231
3 years$16,325$15,862$15,417$14,988$14,575$12,893
4 years$12,122$11,660$11,220$10,798$10,395$8,787
5 years$9,600$9,142$8,707$8,294$7,902$6,372
6 years$7,920$7,465$7,036$6,633$6,253$4,802
7 years$6,720$6,269$5,847$5,453$5,085$3,713
8 years$5,821$5,374$4,959$4,575$4,219$2,924
9 years$5,122$4,679$4,271$3,896$3,553$2,334
10 years$4,563$4,124$3,724$3,359$3,027$1,882
11 years$4,106$3,672$3,278$2,923$2,603$1,529
12 years$3,725$3,295$2,909$2,564$2,256$1,251
13 years$3,403$2,978$2,599$2,264$1,967$1,028
14 years$3,128$2,707$2,336$2,009$1,725$848
15 years$2,889$2,473$2,109$1,792$1,518$702
16 years$2,680$2,269$1,912$1,605$1,342$582
17 years$2,497$2,089$1,740$1,442$1,190$484
18 years$2,333$1,931$1,588$1,299$1,058$403
19 years$2,187$1,789$1,454$1,174$943$337
20 years$2,056$1,663$1,334$1,063$842$281
21 years$1,938$1,549$1,227$965$754$235
22 years$1,830$1,446$1,131$877$676$197
23 years$1,732$1,352$1,044$799$607$165
24 years$1,642$1,267$966$729$545$138
25 years$1,560$1,189$895$666$491$116
26 years$1,484$1,117$830$609$442$97
27 years$1,414$1,052$770$557$398$81
28 years$1,348$991$716$510$359$68
29 years$1,288$935$667$468$325$57
30 years$1,232$883$621$430$293$48
31 years$1,179$835$579$394$265$40
32 years$1,130$790$540$363$240$34
33 years$1,083$748$504$333$217$28
34 years$1,040$709$471$307$197$24
35 years$999$672$440$282$178$20
36 years$961$638$412$260$161$17
37 years$925$606$386$240$146$14
38 years$890$576$361$221$133$12
39 years$858$548$338$204$120$10
40 years$827$521$317$188$109$8
41 years$798$496$297$173$99$7
42 years$770$472$279$160$90$6
43 years$744$450$262$148$81$5
44 years$719$429$246$136$74$4
45 years$695$409$231$126$67$4
46 years$672$390$217$116$61$3
47 years$650$372$204$107$55$2
48 years$630$356$191$99$50$2
49 years$610$340$180$92$46$2
50 years$591$324$169$85$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $605,000, adding $5,208 every year, while hoping to spend $47,606 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: 76/18/6 Blend
56$605,000$605,000$605,000$605,000
57$672,082$640,017$630,640$722,362
58$689,982$620,725$601,114$736,829
59$708,112$598,893$569,003$746,041
60$726,446$574,345$534,171$754,746
61$744,952$546,897$496,474$762,875
62$763,594$516,352$455,763$770,351
63$782,332$482,504$411,883$777,092
64$801,118$445,135$364,669$783,006
65$819,898$404,013$313,951$787,995
66$838,611$358,893$259,552$791,950
67$857,189$309,517$201,286$794,753
68$875,551$255,613$138,958$796,276
69$893,611$196,892$72,367$796,377
70$911,269$133,049$1,301$794,902
71$928,413$63,763$0$791,685
72$944,918$0$0$791,313
73$960,644$0$0$791,453
74$975,432$0$0$803,426
75$989,109$0$0$814,455
76$1,001,477$0$0$824,374
77$1,012,318$0$0$833,001
78$1,021,389$0$0$840,130
79$1,028,418$0$0$845,535
80$1,033,104$0$0$848,962
81$1,035,111$0$0$850,130
82$1,034,066$0$0$848,727
83$1,029,557$0$0$844,404
84$1,021,123$0$0$836,777
85$1,008,255$0$0$825,419
86$990,388$0$0$809,857
87$966,896$0$0$789,564
88$937,087$0$0$763,961
89$900,191$0$0$732,402
90$855,358$0$0$694,176
91$801,648$0$0$648,494
92$738,020$0$0$594,482
93$663,321$0$0$531,177
94$576,279$0$0$457,510
95$475,486$0$0$372,301
96$359,385$0$0$274,248
97$226,257$0$0$161,908
98$74,202$0$0$33,690
99$0$0$0$0
100$0$0$0$0