Can I retire at age 57 with 617,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$50,951$50,497$50,055$49,622$49,200$47,779
2 years$25,223$24,754$24,298$23,857$23,429$22,008
3 years$16,649$16,177$15,723$15,285$14,864$13,488
4 years$12,362$11,892$11,442$11,012$10,601$9,281
5 years$9,791$9,323$8,880$8,458$8,059$6,798
6 years$8,077$7,613$7,176$6,764$6,377$5,176
7 years$6,854$6,393$5,963$5,561$5,186$4,046
8 years$5,936$5,480$5,057$4,665$4,302$3,222
9 years$5,223$4,772$4,356$3,974$3,623$2,602
10 years$4,653$4,206$3,798$3,425$3,087$2,123
11 years$4,187$3,744$3,343$2,981$2,655$1,747
12 years$3,799$3,361$2,967$2,615$2,301$1,447
13 years$3,471$3,037$2,651$2,309$2,006$1,204
14 years$3,190$2,761$2,382$2,049$1,759$1,007
15 years$2,946$2,522$2,150$1,828$1,549$844
16 years$2,734$2,314$1,950$1,636$1,369$710
17 years$2,546$2,131$1,774$1,470$1,213$599
18 years$2,380$1,969$1,620$1,325$1,079$506
19 years$2,231$1,825$1,483$1,197$962$428
20 years$2,097$1,696$1,361$1,084$859$363
21 years$1,976$1,580$1,252$984$769$308
22 years$1,866$1,474$1,154$895$689$262
23 years$1,766$1,379$1,065$815$619$222
24 years$1,675$1,292$985$743$556$189
25 years$1,591$1,213$912$679$500$161
26 years$1,513$1,140$846$621$451$137
27 years$1,442$1,072$786$568$406$117
28 years$1,375$1,011$730$520$367$100
29 years$1,313$953$680$477$331$85
30 years$1,256$900$633$438$299$72
31 years$1,202$851$590$402$270$62
32 years$1,152$805$551$370$245$53
33 years$1,105$763$514$340$221$45
34 years$1,061$723$480$313$200$38
35 years$1,019$686$449$288$182$33
36 years$980$651$420$265$164$28
37 years$943$618$393$244$149$24
38 years$908$587$368$225$135$20
39 years$875$559$345$208$123$17
40 years$844$531$323$192$111$15
41 years$814$506$303$177$101$13
42 years$786$482$284$163$92$11
43 years$759$459$267$151$83$9
44 years$733$438$251$139$75$8
45 years$709$417$235$128$68$7
46 years$685$398$221$119$62$6
47 years$663$380$208$110$56$5
48 years$642$363$195$101$51$4
49 years$622$346$183$94$47$4
50 years$602$331$172$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $617,000, adding $2,553 every year, while hoping to spend $53,395 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: 65/18/17 Blend
56$617,000$617,000$617,000$617,000
57$682,567$649,866$640,303$723,916
58$695,377$624,898$604,941$726,968
59$707,704$596,917$566,605$723,924
60$719,443$565,718$525,139$719,305
61$730,475$531,087$480,380$712,958
62$740,668$492,795$432,157$704,715
63$749,874$450,600$380,293$694,394
64$757,930$404,248$324,601$681,797
65$764,652$353,469$264,889$666,706
66$769,836$297,979$200,952$648,889
67$773,256$237,476$132,580$628,087
68$774,658$171,643$59,552$604,021
69$773,763$100,144$0$576,388
70$770,260$22,624$0$548,189
71$763,803$0$0$527,472
72$754,009$0$0$515,216
73$740,454$0$0$504,722
74$722,666$0$0$491,173
75$700,125$0$0$474,192
76$672,252$0$0$453,367
77$638,409$0$0$428,238
78$597,888$0$0$398,297
79$549,906$0$0$362,984
80$493,598$0$0$321,676
81$428,005$0$0$273,688
82$352,070$0$0$218,260
83$264,623$0$0$154,552
84$164,370$0$0$81,639
85$49,882$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
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