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%14.4%
1 years$50,786$50,334$49,892$49,462$49,041$48,149
2 years$25,142$24,673$24,220$23,780$23,353$22,458
3 years$16,595$16,124$15,672$15,236$14,816$13,945
4 years$12,322$11,853$11,405$10,977$10,567$9,727
5 years$9,759$9,293$8,851$8,431$8,033$7,227
6 years$8,051$7,588$7,153$6,742$6,356$5,584
7 years$6,831$6,373$5,944$5,543$5,169$4,432
8 years$5,917$5,463$5,041$4,650$4,288$3,586
9 years$5,206$4,756$4,342$3,961$3,611$2,943
10 years$4,638$4,192$3,785$3,414$3,077$2,442
11 years$4,173$3,732$3,332$2,971$2,646$2,044
12 years$3,787$3,350$2,957$2,606$2,293$1,723
13 years$3,459$3,027$2,642$2,301$2,000$1,460
14 years$3,179$2,752$2,374$2,043$1,753$1,243
15 years$2,937$2,514$2,144$1,822$1,544$1,063
16 years$2,725$2,306$1,943$1,631$1,364$912
17 years$2,538$2,124$1,768$1,466$1,210$784
18 years$2,372$1,963$1,614$1,321$1,075$676
19 years$2,224$1,819$1,478$1,193$959$583
20 years$2,090$1,690$1,356$1,081$856$505
21 years$1,970$1,574$1,248$981$766$437
22 years$1,860$1,470$1,150$892$687$379
23 years$1,761$1,375$1,062$812$617$329
24 years$1,669$1,288$982$741$554$286
25 years$1,586$1,209$909$677$499$249
26 years$1,508$1,136$843$619$449$216
27 years$1,437$1,069$783$566$405$188
28 years$1,371$1,007$728$519$365$164
29 years$1,309$950$678$476$330$143
30 years$1,252$897$631$437$298$125
31 years$1,198$848$588$401$270$109
32 years$1,148$803$549$369$244$95
33 years$1,101$760$513$339$221$83
34 years$1,057$721$479$312$200$72
35 years$1,016$683$448$287$181$63
36 years$977$649$419$264$164$55
37 years$940$616$392$244$149$48
38 years$905$585$367$225$135$42
39 years$872$557$344$207$122$37
40 years$841$530$322$191$111$32
41 years$811$504$302$176$101$28
42 years$783$480$284$163$91$24
43 years$756$458$266$150$83$21
44 years$731$436$250$139$75$19
45 years$706$416$235$128$68$16
46 years$683$397$220$118$62$14
47 years$661$379$207$109$56$12
48 years$640$361$194$101$51$11
49 years$620$345$183$93$46$10
50 years$600$330$172$86$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $615,000, adding $6,900 every year, while hoping to spend $43,542 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: 66/25/9 Blend
56$615,000$615,000$615,000$615,000
57$684,847$652,252$642,720$728,351
58$708,373$637,884$617,923$743,801
59$732,840$621,353$590,835$754,862
60$758,296$602,506$561,335$765,815
61$784,797$581,183$529,294$776,645
62$812,399$557,214$494,578$787,338
63$841,164$530,418$457,047$797,878
64$871,159$500,605$416,555$808,250
65$902,456$467,573$372,948$818,439
66$935,132$431,110$326,067$828,431
67$969,271$390,989$275,745$838,213
68$1,004,962$346,973$221,809$847,772
69$1,042,304$298,811$164,075$857,095
70$1,081,402$246,236$102,355$866,173
71$1,122,371$188,967$36,450$874,996
72$1,165,335$126,709$0$883,559
73$1,210,428$59,147$0$895,110
74$1,257,797$0$0$910,343
75$1,307,601$0$0$929,641
76$1,360,012$0$0$967,087
77$1,415,219$0$0$1,006,544
78$1,473,426$0$0$1,048,162
79$1,534,856$0$0$1,092,102
80$1,599,754$0$0$1,138,539
81$1,668,383$0$0$1,187,668
82$1,741,035$0$0$1,239,697
83$1,818,025$0$0$1,294,856
84$1,899,700$0$0$1,353,395
85$1,986,437$0$0$1,415,589
86$2,078,649$0$0$1,481,738
87$2,176,789$0$0$1,552,169
88$2,281,353$0$0$1,627,242
89$2,392,881$0$0$1,707,350
90$2,511,969$0$0$1,792,924
91$2,639,267$0$0$1,884,437
92$2,775,487$0$0$1,982,405
93$2,921,414$0$0$2,087,398
94$3,077,903$0$0$2,200,038
95$3,245,898$0$0$2,321,009
96$3,426,431$0$0$2,451,060
97$3,620,635$0$0$2,591,016
98$3,829,757$0$0$2,741,780
99$4,055,164$0$0$2,904,347
100$4,298,357$0$0$3,079,808