Can I retire at age 57 with 607,000?

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 $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%19.4%
1 years$50,125$49,679$49,243$48,818$48,403$46,575
2 years$24,815$24,352$23,905$23,470$23,049$21,228
3 years$16,379$15,915$15,468$15,038$14,623$12,867
4 years$12,162$11,699$11,257$10,834$10,429$8,752
5 years$9,632$9,172$8,736$8,321$7,928$6,333
6 years$7,946$7,490$7,060$6,655$6,273$4,762
7 years$6,742$6,290$5,867$5,471$5,102$3,674
8 years$5,840$5,392$4,975$4,590$4,233$2,886
9 years$5,139$4,694$4,285$3,909$3,564$2,298
10 years$4,578$4,138$3,736$3,370$3,037$1,848
11 years$4,119$3,684$3,289$2,933$2,612$1,498
12 years$3,737$3,306$2,919$2,572$2,263$1,222
13 years$3,414$2,988$2,608$2,271$1,974$1,001
14 years$3,138$2,716$2,343$2,016$1,730$824
15 years$2,899$2,481$2,116$1,798$1,523$680
16 years$2,689$2,276$1,918$1,610$1,346$562
17 years$2,505$2,096$1,745$1,446$1,194$466
18 years$2,341$1,937$1,593$1,304$1,061$387
19 years$2,195$1,795$1,459$1,178$946$322
20 years$2,063$1,668$1,339$1,067$845$268
21 years$1,944$1,554$1,231$968$756$224
22 years$1,836$1,451$1,135$880$678$187
23 years$1,738$1,357$1,048$802$609$156
24 years$1,648$1,271$969$731$547$130
25 years$1,565$1,193$898$668$492$109
26 years$1,489$1,121$832$611$443$91
27 years$1,418$1,055$773$559$400$76
28 years$1,353$994$719$512$361$64
29 years$1,292$938$669$470$326$53
30 years$1,236$886$623$431$294$44
31 years$1,183$837$581$396$266$37
32 years$1,133$792$542$364$241$31
33 years$1,087$750$506$334$218$26
34 years$1,044$711$473$308$197$22
35 years$1,003$675$442$283$179$18
36 years$964$640$413$261$162$15
37 years$928$608$387$240$147$13
38 years$893$578$362$222$133$11
39 years$861$549$339$204$121$9
40 years$830$523$318$188$109$8
41 years$801$498$298$174$99$6
42 years$773$474$280$160$90$5
43 years$746$452$263$148$82$4
44 years$721$430$247$137$74$4
45 years$697$410$231$126$67$3
46 years$674$392$217$117$61$3
47 years$653$374$204$108$56$2
48 years$632$357$192$100$50$2
49 years$612$341$180$92$46$2
50 years$593$325$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $607,000, adding $2,432 every year, while hoping to spend $46,387 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: 43/35/22 Blend
56$607,000$607,000$607,000$607,000
57$671,423$639,252$629,843$695,897
58$690,552$621,220$601,587$695,464
59$710,079$600,749$570,831$690,314
60$729,993$577,672$537,440$683,795
61$750,284$551,810$501,276$675,806
62$770,939$522,975$462,194$666,237
63$791,940$490,966$420,044$654,973
64$813,268$455,574$374,665$641,892
65$834,899$416,574$325,894$626,862
66$856,805$373,732$273,557$609,746
67$878,953$326,799$217,475$590,393
68$901,304$275,510$157,459$568,649
69$923,815$219,588$93,312$544,344
70$946,435$158,739$24,829$517,301
71$969,108$92,653$0$487,330
72$991,765$21,002$0$465,555
73$1,014,334$0$0$447,391
74$1,036,730$0$0$448,612
75$1,058,856$0$0$457,754
76$1,080,605$0$0$466,674
77$1,101,855$0$0$475,314
78$1,122,471$0$0$483,608
79$1,142,298$0$0$491,482
80$1,161,165$0$0$498,854
81$1,178,882$0$0$505,631
82$1,195,232$0$0$511,709
83$1,209,978$0$0$516,975
84$1,222,852$0$0$521,299
85$1,233,556$0$0$524,539
86$1,241,761$0$0$526,538
87$1,247,098$0$0$527,117
88$1,249,158$0$0$526,082
89$1,247,485$0$0$523,216
90$1,241,576$0$0$518,276
91$1,230,870$0$0$510,996
92$1,214,745$0$0$501,079
93$1,192,512$0$0$488,196
94$1,163,409$0$0$471,983
95$1,126,589$0$0$452,037
96$1,081,116$0$0$427,912
97$1,025,952$0$0$399,114
98$959,950$0$0$365,096
99$881,840$0$0$325,255
100$790,218$0$0$278,922