Can I retire at age 57 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$50,291$49,843$49,406$48,979$48,563$48,297
2 years$24,896$24,433$23,983$23,548$23,125$22,857
3 years$16,433$15,967$15,519$15,087$14,671$14,409
4 years$12,202$11,737$11,294$10,869$10,464$10,210
5 years$9,664$9,202$8,764$8,349$7,954$7,709
6 years$7,972$7,514$7,083$6,677$6,294$6,058
7 years$6,765$6,311$5,886$5,489$5,119$4,891
8 years$5,859$5,409$4,992$4,605$4,247$4,028
9 years$5,156$4,710$4,299$3,922$3,576$3,367
10 years$4,593$4,151$3,748$3,381$3,047$2,847
11 years$4,133$3,696$3,300$2,942$2,621$2,429
12 years$3,750$3,317$2,929$2,581$2,271$2,088
13 years$3,426$2,998$2,617$2,279$1,980$1,806
14 years$3,148$2,725$2,351$2,023$1,736$1,570
15 years$2,908$2,489$2,123$1,804$1,528$1,370
16 years$2,698$2,284$1,924$1,615$1,351$1,201
17 years$2,513$2,103$1,751$1,451$1,198$1,055
18 years$2,349$1,944$1,599$1,308$1,065$930
19 years$2,202$1,801$1,463$1,182$949$821
20 years$2,070$1,674$1,343$1,070$848$727
21 years$1,951$1,559$1,235$971$759$644
22 years$1,842$1,455$1,139$883$680$572
23 years$1,743$1,361$1,051$804$611$509
24 years$1,653$1,275$972$734$549$453
25 years$1,570$1,197$901$670$494$403
26 years$1,494$1,125$835$613$445$360
27 years$1,423$1,059$776$561$401$321
28 years$1,357$998$721$514$362$287
29 years$1,296$941$671$471$327$256
30 years$1,240$889$625$432$295$229
31 years$1,187$840$583$397$267$205
32 years$1,137$795$544$365$241$183
33 years$1,091$753$508$336$219$164
34 years$1,047$713$474$309$198$147
35 years$1,006$677$443$284$179$132
36 years$967$642$415$262$162$118
37 years$931$610$388$241$147$106
38 years$896$580$364$222$133$95
39 years$864$551$341$205$121$85
40 years$833$525$319$189$110$76
41 years$803$499$299$174$100$69
42 years$775$476$281$161$90$62
43 years$749$453$263$149$82$55
44 years$724$432$247$137$74$50
45 years$700$412$232$127$68$44
46 years$677$393$218$117$61$40
47 years$655$375$205$108$56$36
48 years$634$358$193$100$51$32
49 years$614$342$181$92$46$29
50 years$595$326$170$85$42$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $609,000, adding $3,591 every year, while hoping to spend $31,034 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: 85/10/5 Blend
56$609,000$609,000$609,000$609,000
57$674,822$642,545$633,106$731,879
58$710,634$641,010$621,295$768,078
59$749,059$638,359$608,048$803,205
60$790,330$634,506$593,285$840,796
61$834,704$629,357$576,920$881,079
62$882,462$622,814$558,866$924,302
63$933,915$614,774$539,029$970,739
64$989,401$605,124$517,313$1,020,691
65$1,049,293$593,749$493,617$1,074,492
66$1,114,003$580,524$467,835$1,132,506
67$1,183,980$565,319$439,856$1,195,137
68$1,259,719$547,993$409,564$1,262,827
69$1,341,765$528,399$376,840$1,336,066
70$1,430,718$506,383$341,556$1,415,391
71$1,527,234$481,779$303,581$1,501,395
72$1,632,038$454,412$262,778$1,594,732
73$1,745,927$424,099$219,001$1,696,119
74$1,869,776$390,645$172,102$1,806,350
75$2,004,549$353,842$121,924$1,926,298
76$2,151,307$313,474$68,302$2,056,924
77$2,311,216$269,311$11,066$2,199,291
78$2,485,561$221,108$0$2,354,564
79$2,675,755$168,609$0$2,526,702
80$2,883,354$111,543$0$2,715,257
81$3,110,071$49,623$0$2,921,212
82$3,357,789$0$0$3,146,302
83$3,628,586$0$0$3,394,358
84$3,924,745$0$0$3,671,627
85$4,248,783$0$0$3,975,006
86$4,603,470$0$0$4,307,089
87$4,991,856$0$0$4,670,734
88$5,417,301$0$0$5,069,086
89$5,883,503$0$0$5,505,611
90$6,394,538$0$0$5,984,125
91$6,954,893$0$0$6,508,832
92$7,569,509$0$0$7,084,359
93$8,243,830$0$0$7,715,807
94$8,983,853$0$0$8,408,791
95$9,796,181$0$0$9,169,498
96$10,688,089$0$0$10,004,741
97$11,667,592$0$0$10,922,028
98$12,743,519$0$0$11,929,627
99$13,925,593$0$0$13,036,648
100$15,224,529$0$0$14,253,127