Can I retire at age 57 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$50,869$50,416$49,974$49,542$49,121$48,648
2 years$25,183$24,714$24,259$23,818$23,391$22,915
3 years$16,622$16,151$15,697$15,261$14,840$14,375
4 years$12,342$11,872$11,424$10,994$10,584$10,134
5 years$9,775$9,308$8,865$8,445$8,046$7,612
6 years$8,064$7,601$7,164$6,753$6,366$5,949
7 years$6,842$6,383$5,954$5,552$5,178$4,778
8 years$5,927$5,471$5,049$4,658$4,295$3,912
9 years$5,215$4,764$4,349$3,967$3,617$3,251
10 years$4,646$4,199$3,791$3,420$3,082$2,732
11 years$4,180$3,738$3,338$2,976$2,651$2,317
12 years$3,793$3,355$2,962$2,611$2,297$1,979
13 years$3,465$3,032$2,647$2,305$2,003$1,701
14 years$3,184$2,756$2,378$2,046$1,756$1,469
15 years$2,942$2,518$2,147$1,825$1,546$1,274
16 years$2,729$2,310$1,947$1,634$1,366$1,108
17 years$2,542$2,127$1,771$1,468$1,212$967
18 years$2,376$1,966$1,617$1,323$1,077$846
19 years$2,227$1,822$1,480$1,195$960$742
20 years$2,094$1,693$1,359$1,083$858$652
21 years$1,973$1,577$1,250$983$767$574
22 years$1,863$1,472$1,152$893$688$506
23 years$1,764$1,377$1,063$814$618$446
24 years$1,672$1,290$983$742$555$394
25 years$1,588$1,211$911$678$499$348
26 years$1,511$1,138$845$620$450$308
27 years$1,439$1,071$784$567$406$273
28 years$1,373$1,009$729$520$366$242
29 years$1,311$952$679$477$330$214
30 years$1,254$899$632$437$299$190
31 years$1,200$850$589$402$270$169
32 years$1,150$804$550$369$244$150
33 years$1,103$761$513$339$221$133
34 years$1,059$722$480$312$200$118
35 years$1,017$685$448$288$181$105
36 years$978$650$420$265$164$93
37 years$941$617$393$244$149$83
38 years$907$586$368$225$135$74
39 years$873$558$345$207$122$66
40 years$842$531$323$191$111$58
41 years$812$505$303$176$101$52
42 years$784$481$284$163$91$46
43 years$757$458$267$150$83$41
44 years$732$437$250$139$75$37
45 years$708$417$235$128$68$33
46 years$684$397$221$118$62$29
47 years$662$379$207$109$56$26
48 years$641$362$195$101$51$23
49 years$621$346$183$93$46$20
50 years$601$330$172$86$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $616,000, adding $5,096 every year, while hoping to spend $49,441 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: 68/10/22 Blend
56$616,000$616,000$616,000$616,000
57$684,089$651,441$641,893$726,483
58$701,261$630,756$610,791$734,833
59$718,527$607,401$576,991$737,772
60$735,846$581,193$540,349$739,809
61$753,168$551,937$500,716$740,853
62$770,438$519,429$457,937$740,806
63$787,594$483,452$411,849$739,563
64$804,565$443,778$362,283$737,006
65$821,271$400,163$309,059$733,011
66$837,622$352,353$251,994$727,442
67$853,517$300,076$190,894$720,150
68$868,843$243,047$125,556$710,975
69$883,473$180,963$55,770$699,743
70$897,264$113,507$0$686,262
71$910,058$40,342$0$674,719
72$921,676$0$0$674,753
73$931,922$0$0$677,350
74$940,574$0$0$683,172
75$947,387$0$0$687,595
76$952,087$0$0$690,414
77$954,371$0$0$691,400
78$953,901$0$0$690,298
79$950,301$0$0$686,829
80$943,156$0$0$680,678
81$932,004$0$0$671,500
82$916,333$0$0$658,909
83$895,576$0$0$642,479
84$869,102$0$0$621,740
85$836,218$0$0$596,167
86$796,150$0$0$565,183
87$748,047$0$0$528,146
88$690,964$0$0$484,350
89$623,858$0$0$433,009
90$545,572$0$0$373,259
91$454,830$0$0$304,141
92$350,222$0$0$224,596
93$230,187$0$0$133,454
94$93,003$0$0$29,424
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