Can I retire at age 57 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$50,208$49,761$49,325$48,899$48,483$47,158
2 years$24,855$24,393$23,944$23,509$23,087$21,762
3 years$16,406$15,941$15,493$15,062$14,647$13,363
4 years$12,182$11,718$11,275$10,852$10,447$9,214
5 years$9,648$9,187$8,750$8,335$7,941$6,763
6 years$7,959$7,502$7,071$6,666$6,284$5,161
7 years$6,754$6,300$5,876$5,480$5,110$4,043
8 years$5,850$5,400$4,984$4,597$4,240$3,228
9 years$5,147$4,702$4,292$3,916$3,570$2,612
10 years$4,585$4,145$3,742$3,375$3,042$2,137
11 years$4,126$3,690$3,295$2,938$2,616$1,763
12 years$3,743$3,312$2,924$2,577$2,267$1,464
13 years$3,420$2,993$2,612$2,275$1,977$1,222
14 years$3,143$2,720$2,347$2,019$1,733$1,024
15 years$2,903$2,485$2,119$1,801$1,526$862
16 years$2,694$2,280$1,921$1,613$1,349$727
17 years$2,509$2,100$1,748$1,449$1,196$615
18 years$2,345$1,940$1,596$1,306$1,063$521
19 years$2,198$1,798$1,461$1,180$948$442
20 years$2,066$1,671$1,341$1,069$846$376
21 years$1,947$1,557$1,233$970$758$320
22 years$1,839$1,453$1,137$882$679$273
23 years$1,741$1,359$1,050$803$610$232
24 years$1,650$1,273$971$732$548$198
25 years$1,568$1,195$899$669$493$169
26 years$1,491$1,123$834$612$444$145
27 years$1,421$1,057$774$560$400$124
28 years$1,355$996$720$513$361$106
29 years$1,294$939$670$470$326$90
30 years$1,238$887$624$432$295$77
31 years$1,185$839$582$396$266$66
32 years$1,135$794$543$364$241$57
33 years$1,089$752$507$335$218$48
34 years$1,045$712$473$308$198$42
35 years$1,004$676$443$284$179$36
36 years$966$641$414$261$162$30
37 years$929$609$388$241$147$26
38 years$895$579$363$222$133$22
39 years$862$550$340$205$121$19
40 years$831$524$319$189$110$16
41 years$802$498$299$174$99$14
42 years$774$475$280$161$90$12
43 years$748$452$263$148$82$10
44 years$722$431$247$137$74$9
45 years$698$411$232$127$67$8
46 years$675$392$218$117$61$6
47 years$654$374$205$108$56$6
48 years$633$357$192$100$50$5
49 years$613$341$181$92$46$4
50 years$594$326$170$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $608,000, adding $5,962 every year, while hoping to spend $49,776 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: 70/14/16 Blend
56$608,000$608,000$608,000$608,000
57$676,166$643,942$634,518$720,573
58$692,173$622,534$602,813$729,478
59$708,146$598,408$568,378$732,701
60$724,026$571,380$531,068$734,956
61$739,751$541,252$490,733$736,140
62$755,250$507,817$447,216$736,143
63$770,440$470,855$400,353$734,841
64$785,232$430,134$349,972$732,103
65$799,523$385,408$295,893$727,784
66$813,199$336,417$237,930$721,728
67$826,131$282,888$175,887$713,762
68$838,178$224,531$109,561$703,701
69$849,178$161,039$38,737$691,341
70$858,954$92,090$0$676,461
71$867,307$17,341$0$665,108
72$874,015$0$0$658,197
73$878,831$0$0$658,652
74$881,483$0$0$660,090
75$881,664$0$0$659,604
76$879,038$0$0$656,932
77$873,228$0$0$651,784
78$863,819$0$0$643,837
79$850,347$0$0$632,736
80$832,302$0$0$618,085
81$809,115$0$0$599,444
82$780,159$0$0$576,329
83$744,738$0$0$548,202
84$702,081$0$0$514,469
85$651,336$0$0$474,470
86$591,562$0$0$427,479
87$521,714$0$0$372,690
88$440,642$0$0$309,213
89$347,070$0$0$236,065
90$239,590$0$0$152,157
91$116,647$0$0$56,290
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0