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%12.5%
1 years$50,704$50,252$49,811$49,381$48,961$48,450
2 years$25,101$24,633$24,180$23,741$23,315$22,800
3 years$16,568$16,098$15,646$15,211$14,792$14,289
4 years$12,302$11,834$11,386$10,959$10,550$10,063
5 years$9,743$9,278$8,836$8,417$8,020$7,551
6 years$8,038$7,576$7,141$6,731$6,346$5,895
7 years$6,820$6,362$5,934$5,534$5,161$4,729
8 years$5,907$5,454$5,033$4,643$4,281$3,868
9 years$5,198$4,748$4,335$3,954$3,606$3,210
10 years$4,631$4,186$3,779$3,409$3,072$2,695
11 years$4,167$3,726$3,327$2,967$2,642$2,283
12 years$3,780$3,344$2,953$2,602$2,290$1,947
13 years$3,454$3,022$2,638$2,297$1,997$1,671
14 years$3,174$2,747$2,370$2,039$1,750$1,441
15 years$2,932$2,510$2,140$1,819$1,541$1,248
16 years$2,720$2,303$1,940$1,628$1,362$1,085
17 years$2,534$2,121$1,766$1,463$1,208$945
18 years$2,368$1,959$1,612$1,319$1,074$826
19 years$2,220$1,816$1,475$1,191$957$723
20 years$2,087$1,688$1,354$1,079$855$634
21 years$1,967$1,572$1,246$979$765$557
22 years$1,857$1,467$1,148$890$686$491
23 years$1,758$1,372$1,060$811$616$432
24 years$1,667$1,286$980$740$553$381
25 years$1,583$1,207$908$675$498$336
26 years$1,506$1,134$842$618$448$297
27 years$1,435$1,067$782$565$404$263
28 years$1,368$1,006$727$518$365$232
29 years$1,307$949$676$475$329$206
30 years$1,250$896$630$436$298$182
31 years$1,196$847$587$400$269$161
32 years$1,146$801$548$368$243$143
33 years$1,100$759$512$338$220$127
34 years$1,056$719$478$311$199$112
35 years$1,014$682$447$287$181$100
36 years$975$648$418$264$164$89
37 years$938$615$391$243$148$79
38 years$904$585$367$224$134$70
39 years$871$556$343$207$122$62
40 years$839$529$322$191$111$55
41 years$810$503$302$176$100$49
42 years$782$479$283$162$91$43
43 years$755$457$266$150$83$38
44 years$730$435$249$138$75$34
45 years$705$415$234$128$68$30
46 years$682$396$220$118$62$27
47 years$660$378$207$109$56$24
48 years$639$361$194$101$51$21
49 years$619$345$182$93$46$19
50 years$599$329$172$86$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $614,000, adding $4,630 every year, while hoping to spend $27,900 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: 49/27/24 Blend
56$614,000$614,000$614,000$614,000
57$681,404$648,862$639,345$709,964
58$721,222$650,971$631,078$732,467
59$764,166$652,248$621,598$753,733
60$810,526$652,623$610,837$776,272
61$860,619$652,021$598,720$800,217
62$914,796$650,364$585,171$825,715
63$973,441$647,567$570,109$852,929
64$1,036,975$643,541$553,451$882,042
65$1,105,863$638,192$535,108$913,255
66$1,180,616$631,418$514,990$946,795
67$1,261,796$623,115$492,999$982,909
68$1,350,020$613,168$469,034$1,021,875
69$1,445,967$601,458$442,993$1,063,999
70$1,550,386$587,860$414,763$1,109,623
71$1,664,099$572,238$384,231$1,159,125
72$1,788,011$554,452$351,277$1,212,923
73$1,923,118$534,351$315,775$1,271,482
74$2,070,518$511,775$277,595$1,335,317
75$2,231,416$486,558$236,600$1,404,998
76$2,407,142$458,521$192,647$1,481,156
77$2,599,158$427,475$145,588$1,564,492
78$2,809,073$393,223$95,267$1,655,779
79$3,038,662$355,554$41,521$1,755,876
80$3,289,874$314,245$0$1,865,731
81$3,564,861$269,062$0$1,990,450
82$3,865,987$219,757$0$2,138,750
83$4,195,861$166,068$0$2,301,321
84$4,557,350$107,717$0$2,479,632
85$4,953,618$44,413$0$2,675,309
86$5,388,144$0$0$2,890,143
87$5,864,764$0$0$3,133,287
88$6,387,700$0$0$3,414,605
89$6,961,605$0$0$3,723,411
90$7,591,603$0$0$4,062,472
91$8,283,337$0$0$4,434,835
92$9,043,026$0$0$4,843,854
93$9,877,520$0$0$5,293,229
94$10,794,363$0$0$5,787,033
95$11,801,868$0$0$6,329,751
96$12,909,192$0$0$6,926,329
97$14,126,425$0$0$7,582,213
98$15,464,682$0$0$8,303,403
99$16,936,207$0$0$9,096,510
100$18,554,494$0$0$9,968,818