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%12.6%
1 years$50,621$50,170$49,730$49,301$48,881$48,351
2 years$25,060$24,593$24,141$23,702$23,277$22,743
3 years$16,541$16,072$15,621$15,186$14,768$14,247
4 years$12,282$11,815$11,368$10,941$10,533$10,028
5 years$9,727$9,263$8,822$8,404$8,007$7,521
6 years$8,025$7,564$7,129$6,720$6,335$5,868
7 years$6,809$6,352$5,925$5,525$5,152$4,705
8 years$5,898$5,445$5,025$4,635$4,274$3,846
9 years$5,189$4,741$4,328$3,948$3,600$3,190
10 years$4,623$4,179$3,773$3,403$3,067$2,676
11 years$4,160$3,720$3,322$2,962$2,638$2,266
12 years$3,774$3,339$2,948$2,598$2,286$1,932
13 years$3,448$3,017$2,634$2,294$1,993$1,657
14 years$3,169$2,743$2,366$2,036$1,747$1,428
15 years$2,927$2,506$2,137$1,816$1,538$1,236
16 years$2,716$2,299$1,937$1,626$1,360$1,073
17 years$2,530$2,117$1,763$1,461$1,206$935
18 years$2,364$1,956$1,609$1,316$1,072$816
19 years$2,216$1,813$1,473$1,190$955$714
20 years$2,083$1,685$1,352$1,077$853$626
21 years$1,963$1,569$1,243$978$764$550
22 years$1,854$1,465$1,146$889$685$483
23 years$1,755$1,370$1,058$810$615$425
24 years$1,664$1,284$979$738$552$375
25 years$1,580$1,205$906$674$497$331
26 years$1,503$1,132$841$617$448$292
27 years$1,432$1,066$781$564$404$258
28 years$1,366$1,004$726$517$364$228
29 years$1,305$947$675$474$329$202
30 years$1,248$895$629$435$297$178
31 years$1,194$846$586$400$269$158
32 years$1,145$800$547$367$243$140
33 years$1,098$758$511$338$220$124
34 years$1,054$718$477$311$199$110
35 years$1,013$681$446$286$180$97
36 years$974$647$417$263$163$86
37 years$937$614$391$243$148$76
38 years$902$584$366$224$134$68
39 years$869$555$343$206$122$60
40 years$838$528$321$190$110$53
41 years$809$503$301$176$100$47
42 years$780$479$283$162$91$42
43 years$754$456$265$150$83$37
44 years$728$435$249$138$75$33
45 years$704$415$234$128$68$29
46 years$681$395$220$118$62$26
47 years$659$377$206$109$56$23
48 years$638$360$194$101$51$21
49 years$618$344$182$93$46$18
50 years$599$329$171$86$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $613,000, adding $6,424 every year, while hoping to spend $38,057 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: 55/32/13 Blend
56$613,000$613,000$613,000$613,000
57$682,152$649,663$640,162$717,036
58$711,240$641,005$621,115$732,787
59$742,018$630,646$600,154$745,246
60$774,620$618,464$577,176$757,930
61$809,191$604,328$552,071$770,868
62$845,888$588,100$524,725$784,095
63$884,884$569,632$495,018$797,650
64$926,368$548,770$462,827$811,579
65$970,547$525,349$428,022$825,935
66$1,017,648$499,196$390,465$840,779
67$1,067,918$470,127$350,016$856,179
68$1,121,630$437,947$306,526$872,217
69$1,179,081$402,451$259,839$888,982
70$1,240,597$363,422$209,794$906,579
71$1,306,538$320,629$156,222$925,125
72$1,377,296$273,831$98,946$944,752
73$1,453,302$222,771$37,783$965,612
74$1,535,030$167,178$0$987,874
75$1,622,999$106,765$0$1,015,545
76$1,717,780$41,232$0$1,050,867
77$1,819,999$0$0$1,088,868
78$1,930,346$0$0$1,140,325
79$2,049,576$0$0$1,211,656
80$2,178,521$0$0$1,288,846
81$2,318,095$0$0$1,372,447
82$2,469,302$0$0$1,463,069
83$2,633,248$0$0$1,561,379
84$2,811,146$0$0$1,668,112
85$3,004,333$0$0$1,784,077
86$3,214,279$0$0$1,910,165
87$3,442,599$0$0$2,047,352
88$3,691,073$0$0$2,196,717
89$3,961,657$0$0$2,359,444
90$4,256,504$0$0$2,536,837
91$4,577,985$0$0$2,730,331
92$4,928,707$0$0$2,941,505
93$5,311,541$0$0$3,172,099
94$5,729,648$0$0$3,424,026
95$6,186,506$0$0$3,699,393
96$6,685,946$0$0$4,000,521
97$7,232,183$0$0$4,329,962
98$7,829,861$0$0$4,690,531
99$8,484,092$0$0$5,085,323
100$9,200,506$0$0$5,517,750