Can I retire at age 57 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$50,704$50,252$49,811$49,381$48,961$47,112
2 years$25,101$24,633$24,180$23,741$23,315$21,473
3 years$16,568$16,098$15,646$15,211$14,792$13,016
4 years$12,302$11,834$11,386$10,959$10,550$8,853
5 years$9,743$9,278$8,836$8,417$8,020$6,406
6 years$8,038$7,576$7,141$6,731$6,346$4,817
7 years$6,820$6,362$5,934$5,534$5,161$3,716
8 years$5,907$5,454$5,033$4,643$4,281$2,919
9 years$5,198$4,748$4,335$3,954$3,606$2,324
10 years$4,631$4,186$3,779$3,409$3,072$1,869
11 years$4,167$3,726$3,327$2,967$2,642$1,515
12 years$3,780$3,344$2,953$2,602$2,290$1,236
13 years$3,454$3,022$2,638$2,297$1,997$1,013
14 years$3,174$2,747$2,370$2,039$1,750$833
15 years$2,932$2,510$2,140$1,819$1,541$688
16 years$2,720$2,303$1,940$1,628$1,362$569
17 years$2,534$2,121$1,766$1,463$1,208$472
18 years$2,368$1,959$1,612$1,319$1,074$392
19 years$2,220$1,816$1,475$1,191$957$326
20 years$2,087$1,688$1,354$1,079$855$271
21 years$1,967$1,572$1,246$979$765$226
22 years$1,857$1,467$1,148$890$686$189
23 years$1,758$1,372$1,060$811$616$157
24 years$1,667$1,286$980$740$553$132
25 years$1,583$1,207$908$675$498$110
26 years$1,506$1,134$842$618$448$92
27 years$1,435$1,067$782$565$404$77
28 years$1,368$1,006$727$518$365$64
29 years$1,307$949$676$475$329$54
30 years$1,250$896$630$436$298$45
31 years$1,196$847$587$400$269$38
32 years$1,146$801$548$368$243$31
33 years$1,100$759$512$338$220$26
34 years$1,056$719$478$311$199$22
35 years$1,014$682$447$287$181$18
36 years$975$648$418$264$164$15
37 years$938$615$391$243$148$13
38 years$904$585$367$224$134$11
39 years$871$556$343$207$122$9
40 years$839$529$322$191$111$8
41 years$810$503$302$176$100$6
42 years$782$479$283$162$91$5
43 years$755$457$266$150$83$4
44 years$730$435$249$138$75$4
45 years$705$415$234$128$68$3
46 years$682$396$220$118$62$3
47 years$660$378$207$109$56$2
48 years$639$361$194$101$51$2
49 years$619$345$182$93$46$2
50 years$599$329$172$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $614,000, adding $2,236 every year, while hoping to spend $36,429 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: 61/25/14 Blend
56$614,000$614,000$614,000$614,000
57$678,934$646,392$636,875$717,877
58$709,426$639,305$619,451$737,244
59$741,806$630,650$600,221$754,056
60$776,230$620,312$579,088$771,527
61$812,865$608,167$555,948$789,724
62$851,898$594,088$530,692$808,722
63$893,530$577,936$503,209$828,605
64$937,982$559,568$473,379$849,466
65$985,498$538,828$441,079$871,411
66$1,036,344$515,556$406,180$894,558
67$1,090,811$489,578$368,547$919,038
68$1,149,220$460,713$328,039$944,998
69$1,211,921$428,769$284,509$972,604
70$1,279,301$393,543$237,804$1,002,038
71$1,351,782$354,819$187,763$1,033,505
72$1,429,829$312,370$134,218$1,067,235
73$1,513,951$265,956$76,995$1,103,482
74$1,604,711$215,324$15,910$1,142,529
75$1,702,722$160,206$0$1,184,693
76$1,808,661$100,318$0$1,237,688
77$1,923,273$35,362$0$1,297,558
78$2,047,374$0$0$1,362,390
79$2,181,864$0$0$1,442,324
80$2,327,729$0$0$1,539,610
81$2,486,057$0$0$1,645,250
82$2,658,043$0$0$1,760,045
83$2,845,001$0$0$1,884,880
84$3,048,378$0$0$2,020,725
85$3,269,765$0$0$2,168,649
86$3,510,913$0$0$2,329,829
87$3,773,747$0$0$2,505,558
88$4,060,390$0$0$2,697,261
89$4,373,175$0$0$2,906,507
90$4,714,670$0$0$3,135,020
91$5,087,704$0$0$3,384,701
92$5,495,390$0$0$3,657,642
93$5,941,154$0$0$3,956,145
94$6,428,772$0$0$4,282,747
95$6,962,398$0$0$4,640,238
96$7,546,607$0$0$5,031,695
97$8,186,439$0$0$5,460,502
98$8,887,440$0$0$5,930,387
99$9,655,722$0$0$6,445,458
100$10,498,014$0$0$7,010,236