Can I retire at age 57 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$50,538$50,088$49,649$49,220$48,802$47,334
2 years$25,019$24,553$24,101$23,664$23,239$21,773
3 years$16,514$16,046$15,595$15,162$14,744$13,325
4 years$12,262$11,795$11,349$10,923$10,515$9,155
5 years$9,711$9,248$8,808$8,390$7,994$6,695
6 years$8,012$7,551$7,118$6,709$6,325$5,090
7 years$6,798$6,342$5,915$5,516$5,144$3,972
8 years$5,888$5,436$5,016$4,627$4,267$3,157
9 years$5,181$4,733$4,321$3,942$3,594$2,545
10 years$4,615$4,172$3,767$3,398$3,062$2,073
11 years$4,153$3,714$3,316$2,957$2,633$1,702
12 years$3,768$3,333$2,943$2,594$2,282$1,407
13 years$3,443$3,012$2,629$2,290$1,990$1,169
14 years$3,164$2,738$2,363$2,033$1,744$975
15 years$2,922$2,501$2,133$1,813$1,536$816
16 years$2,711$2,295$1,934$1,623$1,357$685
17 years$2,525$2,114$1,760$1,458$1,204$576
18 years$2,360$1,953$1,606$1,314$1,070$486
19 years$2,213$1,810$1,471$1,188$954$410
20 years$2,080$1,682$1,350$1,076$852$347
21 years$1,960$1,567$1,241$976$762$294
22 years$1,851$1,463$1,144$888$683$249
23 years$1,752$1,368$1,056$808$614$211
24 years$1,661$1,282$977$737$551$179
25 years$1,578$1,203$905$673$496$152
26 years$1,501$1,130$839$616$447$129
27 years$1,430$1,064$779$563$403$110
28 years$1,364$1,002$725$516$364$93
29 years$1,303$946$674$473$328$79
30 years$1,246$893$628$434$297$67
31 years$1,193$844$585$399$268$57
32 years$1,143$799$546$367$243$49
33 years$1,096$757$510$337$220$42
34 years$1,052$717$477$310$199$35
35 years$1,011$680$446$286$180$30
36 years$972$645$417$263$163$26
37 years$935$613$390$242$148$22
38 years$901$583$365$223$134$19
39 years$868$554$342$206$122$16
40 years$837$527$321$190$110$13
41 years$807$502$301$175$100$11
42 years$779$478$282$162$91$10
43 years$753$455$265$149$82$8
44 years$727$434$249$138$75$7
45 years$703$414$233$127$68$6
46 years$680$395$219$118$62$5
47 years$658$377$206$109$56$4
48 years$637$360$194$100$51$4
49 years$617$343$182$93$46$3
50 years$598$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $612,000, adding $3,535 every year, while hoping to spend $39,829 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: 40/39/21 Blend
56$612,000$612,000$612,000$612,000
57$678,070$645,634$636,148$700,851
58$704,856$634,893$615,082$706,773
59$733,038$622,290$591,974$709,114
60$762,719$607,692$566,716$710,835
61$794,006$590,959$539,191$711,902
62$827,020$571,941$509,279$712,280
63$861,890$550,480$476,853$711,935
64$898,757$526,409$441,783$710,831
65$937,778$499,550$403,930$708,935
66$979,120$469,716$363,150$706,214
67$1,022,967$436,710$319,293$702,635
68$1,069,523$400,322$272,202$698,168
69$1,119,007$360,331$221,714$692,783
70$1,171,661$316,502$167,656$686,456
71$1,227,749$268,589$109,851$679,161
72$1,287,560$216,330$48,112$670,880
73$1,351,410$159,450$0$661,598
74$1,419,648$97,657$0$655,286
75$1,492,654$30,644$0$659,723
76$1,570,845$0$0$664,165
77$1,654,678$0$0$686,663
78$1,744,656$0$0$724,980
79$1,841,329$0$0$766,205
80$1,945,303$0$0$810,605
81$2,057,241$0$0$858,471
82$2,177,872$0$0$910,122
83$2,307,998$0$0$965,910
84$2,448,498$0$0$1,026,221
85$2,600,340$0$0$1,091,481
86$2,764,585$0$0$1,162,156
87$2,942,402$0$0$1,238,759
88$3,135,075$0$0$1,321,854
89$3,344,016$0$0$1,412,062
90$3,570,777$0$0$1,510,066
91$3,817,067$0$0$1,616,617
92$4,084,763$0$0$1,732,540
93$4,375,933$0$0$1,858,745
94$4,692,850$0$0$1,996,232
95$5,038,015$0$0$2,146,101
96$5,414,181$0$0$2,309,563
97$5,824,379$0$0$2,487,952
98$6,271,942$0$0$2,682,736
99$6,760,541$0$0$2,895,530
100$7,294,216$0$0$3,128,111