Can I retire at age 57 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$50,125$49,679$49,243$48,818$48,403$47,680
2 years$24,815$24,352$23,905$23,470$23,049$22,322
3 years$16,379$15,915$15,468$15,038$14,623$13,915
4 years$12,162$11,699$11,257$10,834$10,429$9,745
5 years$9,632$9,172$8,736$8,321$7,928$7,271
6 years$7,946$7,490$7,060$6,655$6,273$5,643
7 years$6,742$6,290$5,867$5,471$5,102$4,499
8 years$5,840$5,392$4,975$4,590$4,233$3,656
9 years$5,139$4,694$4,285$3,909$3,564$3,015
10 years$4,578$4,138$3,736$3,370$3,037$2,514
11 years$4,119$3,684$3,289$2,933$2,612$2,115
12 years$3,737$3,306$2,919$2,572$2,263$1,792
13 years$3,414$2,988$2,608$2,271$1,974$1,527
14 years$3,138$2,716$2,343$2,016$1,730$1,307
15 years$2,899$2,481$2,116$1,798$1,523$1,124
16 years$2,689$2,276$1,918$1,610$1,346$969
17 years$2,505$2,096$1,745$1,446$1,194$838
18 years$2,341$1,937$1,593$1,304$1,061$726
19 years$2,195$1,795$1,459$1,178$946$631
20 years$2,063$1,668$1,339$1,067$845$549
21 years$1,944$1,554$1,231$968$756$478
22 years$1,836$1,451$1,135$880$678$417
23 years$1,738$1,357$1,048$802$609$365
24 years$1,648$1,271$969$731$547$319
25 years$1,565$1,193$898$668$492$279
26 years$1,489$1,121$832$611$443$244
27 years$1,418$1,055$773$559$400$214
28 years$1,353$994$719$512$361$188
29 years$1,292$938$669$470$326$165
30 years$1,236$886$623$431$294$145
31 years$1,183$837$581$396$266$127
32 years$1,133$792$542$364$241$111
33 years$1,087$750$506$334$218$98
34 years$1,044$711$473$308$197$86
35 years$1,003$675$442$283$179$76
36 years$964$640$413$261$162$66
37 years$928$608$387$240$147$58
38 years$893$578$362$222$133$51
39 years$861$549$339$204$121$45
40 years$830$523$318$188$109$40
41 years$801$498$298$174$99$35
42 years$773$474$280$160$90$31
43 years$746$452$263$148$82$27
44 years$721$430$247$137$74$24
45 years$697$410$231$126$67$21
46 years$674$392$217$117$61$18
47 years$653$374$204$108$56$16
48 years$632$357$192$100$50$14
49 years$612$341$180$92$46$13
50 years$593$325$170$85$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $607,000, adding $2,008 every year, while hoping to spend $23,158 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: 51/33/16 Blend
56$607,000$607,000$607,000$607,000
57$670,985$638,814$629,406$702,172
58$714,786$645,476$625,851$730,471
59$762,278$651,688$621,401$758,635
60$813,814$657,404$616,001$788,743
61$869,780$662,575$609,595$820,989
62$930,603$667,147$602,122$855,582
63$996,752$671,064$593,520$892,757
64$1,068,741$674,266$583,723$932,772
65$1,147,138$676,691$572,664$975,912
66$1,232,568$678,270$560,269$1,022,493
67$1,325,716$678,932$546,465$1,072,864
68$1,427,340$678,601$531,172$1,127,411
69$1,538,271$677,194$514,308$1,186,558
70$1,659,425$674,627$495,788$1,250,779
71$1,791,811$670,808$475,522$1,320,592
72$1,936,538$665,641$453,414$1,396,572
73$2,094,829$659,022$429,368$1,479,356
74$2,268,031$650,843$403,281$1,569,644
75$2,457,624$640,988$375,045$1,668,212
76$2,665,240$629,335$344,547$1,775,917
77$2,892,677$615,755$311,672$1,893,703
78$3,141,913$600,110$276,296$2,022,616
79$3,415,129$582,255$238,292$2,163,810
80$3,714,723$562,037$197,527$2,318,558
81$4,043,341$539,293$153,859$2,488,266
82$4,403,893$513,850$107,146$2,674,488
83$4,799,588$485,527$57,233$2,878,938
84$5,233,959$454,130$3,963$3,103,510
85$5,710,897$419,457$0$3,350,293
86$6,234,690$381,291$0$3,630,621
87$6,810,059$339,406$0$3,939,321
88$7,442,209$293,560$0$4,278,556
89$8,136,870$243,500$0$4,651,459
90$8,900,356$188,957$0$5,061,486
91$9,739,624$129,648$0$5,512,448
92$10,662,337$65,272$0$6,008,548
93$11,676,939$0$0$6,554,422
94$12,792,733$0$0$7,156,812
95$14,019,967$0$0$7,845,503
96$15,369,933$0$0$8,603,141
97$16,855,074$0$0$9,436,715
98$18,489,097$0$0$10,353,929
99$20,287,108$0$0$11,363,272
100$22,265,747$0$0$12,474,094