Can I retire at age 57 with 612,000?

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 $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%18.5%
1 years$50,538$50,088$49,649$49,220$48,802$47,126
2 years$25,019$24,553$24,101$23,664$23,239$21,568
3 years$16,514$16,046$15,595$15,162$14,744$13,130
4 years$12,262$11,795$11,349$10,923$10,515$8,971
5 years$9,711$9,248$8,808$8,390$7,994$6,523
6 years$8,012$7,551$7,118$6,709$6,325$4,929
7 years$6,798$6,342$5,915$5,516$5,144$3,822
8 years$5,888$5,436$5,016$4,627$4,267$3,019
9 years$5,181$4,733$4,321$3,942$3,594$2,417
10 years$4,615$4,172$3,767$3,398$3,062$1,955
11 years$4,153$3,714$3,316$2,957$2,633$1,594
12 years$3,768$3,333$2,943$2,594$2,282$1,308
13 years$3,443$3,012$2,629$2,290$1,990$1,078
14 years$3,164$2,738$2,363$2,033$1,744$893
15 years$2,922$2,501$2,133$1,813$1,536$742
16 years$2,711$2,295$1,934$1,623$1,357$618
17 years$2,525$2,114$1,760$1,458$1,204$515
18 years$2,360$1,953$1,606$1,314$1,070$431
19 years$2,213$1,810$1,471$1,188$954$361
20 years$2,080$1,682$1,350$1,076$852$303
21 years$1,960$1,567$1,241$976$762$254
22 years$1,851$1,463$1,144$888$683$213
23 years$1,752$1,368$1,056$808$614$179
24 years$1,661$1,282$977$737$551$151
25 years$1,578$1,203$905$673$496$127
26 years$1,501$1,130$839$616$447$107
27 years$1,430$1,064$779$563$403$90
28 years$1,364$1,002$725$516$364$76
29 years$1,303$946$674$473$328$64
30 years$1,246$893$628$434$297$54
31 years$1,193$844$585$399$268$45
32 years$1,143$799$546$367$243$38
33 years$1,096$757$510$337$220$32
34 years$1,052$717$477$310$199$27
35 years$1,011$680$446$286$180$23
36 years$972$645$417$263$163$19
37 years$935$613$390$242$148$16
38 years$901$583$365$223$134$14
39 years$868$554$342$206$122$12
40 years$837$527$321$190$110$10
41 years$807$502$301$175$100$8
42 years$779$478$282$162$91$7
43 years$753$455$265$149$82$6
44 years$727$434$249$138$75$5
45 years$703$414$233$127$68$4
46 years$680$395$219$118$62$4
47 years$658$377$206$109$56$3
48 years$637$360$194$100$51$3
49 years$617$343$182$93$46$2
50 years$598$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $612,000, adding $3,599 every year, while hoping to spend $21,068 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: 50/21/29 Blend
56$612,000$612,000$612,000$612,000
57$678,136$645,700$636,214$706,314
58$724,890$654,923$635,111$735,632
59$775,707$663,892$633,265$765,104
60$830,978$672,573$630,629$796,732
61$891,136$680,927$627,153$830,731
62$956,655$688,915$622,786$867,338
63$1,028,057$696,496$617,473$906,815
64$1,105,918$703,623$611,157$949,452
65$1,190,871$710,249$603,780$995,570
66$1,283,611$716,323$595,278$1,045,522
67$1,384,905$721,789$585,586$1,099,699
68$1,495,599$726,590$574,636$1,158,533
69$1,616,620$730,663$562,356$1,222,501
70$1,748,992$733,942$548,672$1,292,129
71$1,893,841$736,357$533,505$1,368,000
72$2,052,409$737,835$516,773$1,450,757
73$2,226,060$738,294$498,391$1,541,107
74$2,416,299$737,652$478,268$1,639,837
75$2,624,783$735,818$456,311$1,747,809
76$2,853,336$732,698$432,423$1,865,980
77$3,103,968$728,191$406,500$1,995,403
78$3,378,891$722,191$378,436$2,137,243
79$3,680,543$714,584$348,119$2,292,784
80$4,011,609$705,249$315,432$2,463,444
81$4,375,047$694,060$280,253$2,650,789
82$4,774,115$680,882$242,454$2,856,546
83$5,212,401$665,572$201,903$3,082,621
84$5,693,859$647,978$158,460$3,331,117
85$6,222,844$627,941$111,980$3,604,356
86$6,804,155$605,290$62,312$3,904,898
87$7,443,076$579,847$9,297$4,235,569
88$8,145,432$551,422$0$4,599,486
89$8,917,638$519,813$0$5,014,719
90$9,766,762$484,809$0$5,474,453
91$10,700,591$446,184$0$5,980,049
92$11,727,707$403,702$0$6,536,181
93$12,857,561$357,112$0$7,148,004
94$14,100,569$306,147$0$7,821,197
95$15,468,208$250,529$0$8,562,020
96$16,973,121$189,961$0$9,377,376
97$18,629,241$124,131$0$10,274,872
98$20,451,919$52,708$0$11,262,892
99$22,458,068$0$0$12,350,679
100$24,666,326$0$0$13,554,119