Can I retire at age 57 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$50,786$50,334$49,892$49,462$49,041$47,452
2 years$25,142$24,673$24,220$23,780$23,353$21,767
3 years$16,595$16,124$15,672$15,236$14,816$13,283
4 years$12,322$11,853$11,405$10,977$10,567$9,098
5 years$9,759$9,293$8,851$8,431$8,033$6,633
6 years$8,051$7,588$7,153$6,742$6,356$5,026
7 years$6,831$6,373$5,944$5,543$5,169$3,908
8 years$5,917$5,463$5,041$4,650$4,288$3,096
9 years$5,206$4,756$4,342$3,961$3,611$2,486
10 years$4,638$4,192$3,785$3,414$3,077$2,017
11 years$4,173$3,732$3,332$2,971$2,646$1,650
12 years$3,787$3,350$2,957$2,606$2,293$1,358
13 years$3,459$3,027$2,642$2,301$2,000$1,124
14 years$3,179$2,752$2,374$2,043$1,753$934
15 years$2,937$2,514$2,144$1,822$1,544$778
16 years$2,725$2,306$1,943$1,631$1,364$651
17 years$2,538$2,124$1,768$1,466$1,210$545
18 years$2,372$1,963$1,614$1,321$1,075$457
19 years$2,224$1,819$1,478$1,193$959$384
20 years$2,090$1,690$1,356$1,081$856$324
21 years$1,970$1,574$1,248$981$766$273
22 years$1,860$1,470$1,150$892$687$230
23 years$1,761$1,375$1,062$812$617$194
24 years$1,669$1,288$982$741$554$164
25 years$1,586$1,209$909$677$499$139
26 years$1,508$1,136$843$619$449$117
27 years$1,437$1,069$783$566$405$99
28 years$1,371$1,007$728$519$365$84
29 years$1,309$950$678$476$330$71
30 years$1,252$897$631$437$298$60
31 years$1,198$848$588$401$270$51
32 years$1,148$803$549$369$244$43
33 years$1,101$760$513$339$221$36
34 years$1,057$721$479$312$200$31
35 years$1,016$683$448$287$181$26
36 years$977$649$419$264$164$22
37 years$940$616$392$244$149$19
38 years$905$585$367$225$135$16
39 years$872$557$344$207$122$13
40 years$841$530$322$191$111$11
41 years$811$504$302$176$101$10
42 years$783$480$284$163$91$8
43 years$756$458$266$150$83$7
44 years$731$436$250$139$75$6
45 years$706$416$235$128$68$5
46 years$683$397$220$118$62$4
47 years$661$379$207$109$56$4
48 years$640$361$194$101$51$3
49 years$620$345$183$93$46$3
50 years$600$330$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $615,000, adding $4,531 every year, while hoping to spend $36,518 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: 73/5/22 Blend
56$615,000$615,000$615,000$615,000
57$682,404$649,809$640,276$728,235
58$713,154$642,794$622,871$752,315
59$745,817$634,213$603,658$773,876
60$780,549$623,948$582,539$796,583
61$817,521$611,878$559,411$820,544
62$856,922$597,873$534,164$845,878
63$898,956$581,796$506,686$872,718
64$943,847$563,503$476,859$901,211
65$991,844$542,838$444,558$931,518
66$1,043,215$519,641$409,654$963,820
67$1,098,258$493,738$372,012$998,315
68$1,157,297$464,948$331,491$1,035,223
69$1,220,690$433,079$287,944$1,074,787
70$1,288,826$397,926$241,217$1,117,277
71$1,362,137$359,275$191,148$1,162,991
72$1,441,094$316,898$137,570$1,212,258
73$1,526,215$270,555$80,308$1,265,444
74$1,618,070$219,993$19,179$1,322,950
75$1,717,283$164,943$0$1,385,224
76$1,824,542$105,122$0$1,463,569
77$1,940,603$40,231$0$1,553,225
78$2,066,296$0$0$1,650,339
79$2,202,534$0$0$1,757,278
80$2,350,320$0$0$1,875,707
81$2,510,759$0$0$2,004,300
82$2,685,065$0$0$2,144,034
83$2,874,574$0$0$2,295,983
84$3,080,756$0$0$2,461,328
85$3,305,226$0$0$2,641,369
86$3,549,765$0$0$2,837,538
87$3,816,330$0$0$3,051,409
88$4,107,076$0$0$3,284,714
89$4,424,375$0$0$3,539,362
90$4,770,837$0$0$3,817,451
91$5,149,337$0$0$4,121,293
92$5,563,037$0$0$4,453,432
93$6,015,422$0$0$4,816,670
94$6,510,326$0$0$5,214,092
95$7,051,972$0$0$5,649,094
96$7,645,010$0$0$6,125,415
97$8,294,560$0$0$6,647,175
98$9,006,263$0$0$7,218,909
99$9,786,327$0$0$7,845,612
100$10,641,592$0$0$8,532,785