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%12.8%
1 years$50,786$50,334$49,892$49,462$49,041$48,468
2 years$25,142$24,673$24,220$23,780$23,353$22,776
3 years$16,595$16,124$15,672$15,236$14,816$14,254
4 years$12,322$11,853$11,405$10,977$10,567$10,023
5 years$9,759$9,293$8,851$8,431$8,033$7,509
6 years$8,051$7,588$7,153$6,742$6,356$5,853
7 years$6,831$6,373$5,944$5,543$5,169$4,687
8 years$5,917$5,463$5,041$4,650$4,288$3,827
9 years$5,206$4,756$4,342$3,961$3,611$3,171
10 years$4,638$4,192$3,785$3,414$3,077$2,657
11 years$4,173$3,732$3,332$2,971$2,646$2,246
12 years$3,787$3,350$2,957$2,606$2,293$1,913
13 years$3,459$3,027$2,642$2,301$2,000$1,638
14 years$3,179$2,752$2,374$2,043$1,753$1,410
15 years$2,937$2,514$2,144$1,822$1,544$1,219
16 years$2,725$2,306$1,943$1,631$1,364$1,057
17 years$2,538$2,124$1,768$1,466$1,210$919
18 years$2,372$1,963$1,614$1,321$1,075$801
19 years$2,224$1,819$1,478$1,193$959$700
20 years$2,090$1,690$1,356$1,081$856$613
21 years$1,970$1,574$1,248$981$766$537
22 years$1,860$1,470$1,150$892$687$472
23 years$1,761$1,375$1,062$812$617$415
24 years$1,669$1,288$982$741$554$365
25 years$1,586$1,209$909$677$499$321
26 years$1,508$1,136$843$619$449$283
27 years$1,437$1,069$783$566$405$250
28 years$1,371$1,007$728$519$365$220
29 years$1,309$950$678$476$330$195
30 years$1,252$897$631$437$298$172
31 years$1,198$848$588$401$270$152
32 years$1,148$803$549$369$244$134
33 years$1,101$760$513$339$221$119
34 years$1,057$721$479$312$200$105
35 years$1,016$683$448$287$181$93
36 years$977$649$419$264$164$82
37 years$940$616$392$244$149$73
38 years$905$585$367$225$135$64
39 years$872$557$344$207$122$57
40 years$841$530$322$191$111$51
41 years$811$504$302$176$101$45
42 years$783$480$284$163$91$40
43 years$756$458$266$150$83$35
44 years$731$436$250$139$75$31
45 years$706$416$235$128$68$28
46 years$683$397$220$118$62$24
47 years$661$379$207$109$56$22
48 years$640$361$194$101$51$19
49 years$620$345$183$93$46$17
50 years$600$330$172$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $615,000, adding $3,711 every year, while hoping to spend $50,498 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: 59/12/29 Blend
56$615,000$615,000$615,000$615,000
57$681,558$648,963$639,430$716,184
58$697,347$627,033$607,122$718,367
59$713,055$602,335$572,038$715,084
60$728,619$574,682$534,034$710,464
61$743,969$543,873$492,956$704,391
62$759,028$509,697$448,644$696,740
63$773,707$471,930$400,931$687,375
64$787,906$430,336$349,644$676,149
65$801,516$384,665$294,600$662,906
66$814,411$334,654$235,609$647,473
67$826,451$280,023$172,473$629,666
68$837,483$220,477$104,984$609,286
69$847,332$155,707$32,927$586,114
70$855,805$85,381$0$559,917
71$862,687$9,154$0$544,047
72$867,737$0$0$536,379
73$870,690$0$0$536,176
74$871,250$0$0$535,597
75$869,086$0$0$533,218
76$863,834$0$0$528,800
77$855,089$0$0$522,079
78$842,401$0$0$512,762
79$825,271$0$0$500,524
80$803,148$0$0$485,005
81$775,420$0$0$465,805
82$741,410$0$0$442,484
83$700,368$0$0$414,553
84$651,465$0$0$381,472
85$593,783$0$0$342,642
86$526,307$0$0$297,403
87$447,915$0$0$245,023
88$357,367$0$0$184,695
89$253,292$0$0$115,527
90$134,175$0$0$36,530
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0