Can I retire at age 57 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$50,621$50,170$49,730$49,301$48,881$48,573
2 years$25,060$24,593$24,141$23,702$23,277$22,966
3 years$16,541$16,072$15,621$15,186$14,768$14,464
4 years$12,282$11,815$11,368$10,941$10,533$10,238
5 years$9,727$9,263$8,822$8,404$8,007$7,722
6 years$8,025$7,564$7,129$6,720$6,335$6,062
7 years$6,809$6,352$5,925$5,525$5,152$4,889
8 years$5,898$5,445$5,025$4,635$4,274$4,022
9 years$5,189$4,741$4,328$3,948$3,600$3,358
10 years$4,623$4,179$3,773$3,403$3,067$2,836
11 years$4,160$3,720$3,322$2,962$2,638$2,417
12 years$3,774$3,339$2,948$2,598$2,286$2,075
13 years$3,448$3,017$2,634$2,294$1,993$1,792
14 years$3,169$2,743$2,366$2,036$1,747$1,556
15 years$2,927$2,506$2,137$1,816$1,538$1,356
16 years$2,716$2,299$1,937$1,626$1,360$1,187
17 years$2,530$2,117$1,763$1,461$1,206$1,042
18 years$2,364$1,956$1,609$1,316$1,072$916
19 years$2,216$1,813$1,473$1,190$955$808
20 years$2,083$1,685$1,352$1,077$853$714
21 years$1,963$1,569$1,243$978$764$632
22 years$1,854$1,465$1,146$889$685$561
23 years$1,755$1,370$1,058$810$615$498
24 years$1,664$1,284$979$738$552$442
25 years$1,580$1,205$906$674$497$393
26 years$1,503$1,132$841$617$448$350
27 years$1,432$1,066$781$564$404$312
28 years$1,366$1,004$726$517$364$278
29 years$1,305$947$675$474$329$248
30 years$1,248$895$629$435$297$222
31 years$1,194$846$586$400$269$198
32 years$1,145$800$547$367$243$177
33 years$1,098$758$511$338$220$158
34 years$1,054$718$477$311$199$141
35 years$1,013$681$446$286$180$127
36 years$974$647$417$263$163$113
37 years$937$614$391$243$148$101
38 years$902$584$366$224$134$91
39 years$869$555$343$206$122$81
40 years$838$528$321$190$110$73
41 years$809$503$301$176$100$65
42 years$780$479$283$162$91$58
43 years$754$456$265$150$83$52
44 years$728$435$249$138$75$47
45 years$704$415$234$128$68$42
46 years$681$395$220$118$62$38
47 years$659$377$206$109$56$34
48 years$638$360$194$101$51$30
49 years$618$344$182$93$46$27
50 years$599$329$171$86$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $613,000, adding $5,698 every year, while hoping to spend $33,590 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: 33/38/29 Blend
56$613,000$613,000$613,000$613,000
57$681,403$648,914$639,413$697,747
58$715,167$644,972$625,094$706,742
59$751,249$639,710$609,169$713,063
60$789,850$633,029$591,550$719,229
61$831,190$624,823$572,142$725,249
62$875,511$614,980$550,849$731,138
63$923,079$603,379$527,568$736,913
64$974,184$589,896$502,193$742,600
65$1,029,146$574,396$474,611$748,226
66$1,088,315$556,737$444,706$753,828
67$1,152,076$536,771$412,357$759,450
68$1,220,853$514,337$377,436$765,145
69$1,295,110$489,270$339,810$770,975
70$1,375,357$461,390$299,340$777,013
71$1,462,157$430,511$255,881$783,346
72$1,556,125$396,435$209,281$790,072
73$1,657,940$358,950$159,383$797,309
74$1,768,347$317,836$106,019$805,188
75$1,888,167$272,859$49,020$813,864
76$2,018,301$223,770$0$823,511
77$2,159,742$170,308$0$837,984
78$2,313,580$112,197$0$870,283
79$2,481,015$49,146$0$905,541
80$2,663,371$0$0$944,117
81$2,862,099$0$0$994,419
82$3,078,799$0$0$1,071,762
83$3,315,234$0$0$1,156,236
84$3,573,340$0$0$1,248,543
85$3,855,251$0$0$1,349,459
86$4,163,317$0$0$1,459,835
87$4,500,122$0$0$1,580,610
88$4,868,515$0$0$1,712,819
89$5,271,628$0$0$1,857,599
90$5,712,915$0$0$2,016,203
91$6,196,176$0$0$2,190,013
92$6,725,597$0$0$2,380,549
93$7,305,786$0$0$2,589,484
94$7,941,822$0$0$2,818,664
95$8,639,296$0$0$3,070,119
96$9,404,364$0$0$3,346,087
97$10,243,812$0$0$3,649,033
98$11,165,109$0$0$3,981,670
99$12,176,487$0$0$4,346,991
100$13,287,009$0$0$4,748,289