Can I retire at age 57 with 606,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$50,043$49,597$49,162$48,738$48,323$47,193
2 years$24,774$24,312$23,865$23,432$23,011$21,879
3 years$16,352$15,888$15,442$15,013$14,599$13,501
4 years$12,142$11,680$11,238$10,816$10,412$9,355
5 years$9,616$9,157$8,721$8,308$7,915$6,903
6 years$7,933$7,477$7,048$6,644$6,263$5,297
7 years$6,731$6,279$5,857$5,462$5,094$4,173
8 years$5,830$5,383$4,967$4,582$4,226$3,351
9 years$5,130$4,687$4,278$3,903$3,559$2,729
10 years$4,570$4,131$3,730$3,364$3,032$2,246
11 years$4,112$3,678$3,284$2,928$2,608$1,865
12 years$3,731$3,301$2,914$2,568$2,260$1,558
13 years$3,409$2,983$2,604$2,267$1,971$1,310
14 years$3,133$2,711$2,339$2,013$1,727$1,105
15 years$2,894$2,477$2,112$1,795$1,521$936
16 years$2,685$2,273$1,915$1,607$1,344$796
17 years$2,501$2,093$1,743$1,444$1,192$678
18 years$2,337$1,934$1,591$1,301$1,060$579
19 years$2,191$1,792$1,456$1,176$945$495
20 years$2,060$1,666$1,336$1,065$844$424
21 years$1,941$1,551$1,229$967$755$364
22 years$1,833$1,448$1,133$879$677$312
23 years$1,735$1,354$1,046$800$608$268
24 years$1,645$1,269$967$730$546$231
25 years$1,562$1,191$896$667$491$199
26 years$1,486$1,119$831$610$443$171
27 years$1,416$1,053$772$558$399$147
28 years$1,351$993$717$511$360$127
29 years$1,290$936$668$469$325$110
30 years$1,234$884$622$430$294$94
31 years$1,181$836$580$395$266$82
32 years$1,132$791$541$363$240$70
33 years$1,085$749$505$334$217$61
34 years$1,042$710$472$307$197$52
35 years$1,001$673$441$283$178$45
36 years$962$639$413$260$162$39
37 years$926$607$386$240$146$34
38 years$892$577$362$221$133$29
39 years$859$549$339$204$120$25
40 years$828$522$318$188$109$22
41 years$799$497$298$174$99$19
42 years$772$473$279$160$90$16
43 years$745$451$262$148$82$14
44 years$720$430$246$137$74$12
45 years$696$410$231$126$67$10
46 years$673$391$217$116$61$9
47 years$651$373$204$108$55$8
48 years$631$356$192$99$50$7
49 years$611$340$180$92$46$6
50 years$592$325$169$85$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $606,000, adding $4,836 every year, while hoping to spend $21,773 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: 73/20/7 Blend
56$606,000$606,000$606,000$606,000
57$672,800$640,682$631,289$720,895
58$718,260$648,909$629,271$761,483
59$767,626$656,810$626,456$802,714
60$821,275$664,345$622,793$847,253
61$879,620$671,473$618,232$895,422
62$943,115$678,149$612,716$947,572
63$1,012,261$684,326$606,190$1,004,093
64$1,087,607$689,953$598,593$1,065,410
65$1,169,760$694,978$589,863$1,131,997
66$1,259,385$699,342$579,933$1,204,373
67$1,357,217$702,984$568,735$1,283,110
68$1,464,063$705,840$556,198$1,368,840
69$1,580,813$707,841$542,246$1,462,256
70$1,708,444$708,914$526,799$1,564,127
71$1,848,035$708,981$509,777$1,675,297
72$2,000,772$707,958$491,092$1,796,696
73$2,167,962$705,760$470,655$1,929,352
74$2,351,043$702,291$448,371$2,074,394
75$2,551,600$697,454$424,142$2,233,070
76$2,771,378$691,143$397,865$2,406,754
77$3,012,297$683,248$369,432$2,596,961
78$3,276,475$673,651$338,732$2,805,361
79$3,566,242$662,226$305,646$3,033,794
80$3,884,165$648,842$270,052$3,284,289
81$4,233,073$633,358$231,821$3,559,082
82$4,616,081$615,627$190,821$3,860,639
83$5,036,619$595,490$146,912$4,191,677
84$5,498,467$572,782$99,946$4,555,191
85$6,005,790$547,327$49,773$4,954,483
86$6,563,173$518,939$0$5,393,192
87$7,175,670$487,421$0$5,875,613
88$7,848,849$452,565$0$6,409,871
89$8,588,841$414,150$0$6,997,132
90$9,402,404$371,945$0$7,642,783
91$10,296,982$325,702$0$8,352,762
92$11,280,776$275,164$0$9,133,610
93$12,362,822$220,054$0$9,992,541
94$13,553,076$160,082$0$10,937,502
95$14,862,507$94,944$0$11,977,252
96$16,303,201$24,315$0$13,121,448
97$17,888,475$0$0$14,380,730
98$19,633,001$0$0$15,778,301
99$21,552,945$0$0$17,322,326
100$23,666,121$0$0$19,021,783