Can I retire at age 57 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$51,034$50,579$50,136$49,703$49,280$48,624
2 years$25,264$24,794$24,338$23,896$23,467$22,807
3 years$16,676$16,203$15,748$15,310$14,888$14,245
4 years$12,382$11,911$11,461$11,030$10,618$9,997
5 years$9,807$9,338$8,894$8,472$8,072$7,474
6 years$8,090$7,625$7,188$6,775$6,387$5,813
7 years$6,865$6,404$5,973$5,570$5,194$4,645
8 years$5,946$5,489$5,066$4,673$4,309$3,784
9 years$5,232$4,779$4,363$3,980$3,629$3,128
10 years$4,661$4,213$3,804$3,431$3,092$2,614
11 years$4,194$3,750$3,349$2,986$2,659$2,205
12 years$3,805$3,366$2,972$2,619$2,305$1,873
13 years$3,476$3,042$2,655$2,312$2,010$1,600
14 years$3,195$2,765$2,386$2,053$1,762$1,373
15 years$2,951$2,526$2,154$1,831$1,551$1,184
16 years$2,738$2,318$1,953$1,639$1,371$1,024
17 years$2,550$2,134$1,777$1,473$1,215$888
18 years$2,383$1,972$1,622$1,327$1,081$772
19 years$2,234$1,828$1,485$1,199$963$672
20 years$2,100$1,699$1,363$1,086$860$587
21 years$1,979$1,582$1,254$986$770$513
22 years$1,869$1,477$1,155$896$690$449
23 years$1,769$1,381$1,067$816$620$393
24 years$1,678$1,294$987$744$557$345
25 years$1,593$1,215$914$680$501$303
26 years$1,516$1,141$848$622$451$266
27 years$1,444$1,074$787$569$407$234
28 years$1,377$1,012$732$521$367$206
29 years$1,316$955$681$478$332$181
30 years$1,258$902$634$439$300$159
31 years$1,204$853$591$403$271$140
32 years$1,154$807$552$370$245$124
33 years$1,107$764$515$341$222$109
34 years$1,062$724$481$313$201$96
35 years$1,021$687$450$288$182$85
36 years$982$652$421$266$165$75
37 years$944$619$394$245$149$66
38 years$909$588$369$226$135$58
39 years$876$559$346$208$123$51
40 years$845$532$324$192$111$45
41 years$815$507$304$177$101$40
42 years$787$483$285$163$92$35
43 years$760$460$267$151$83$31
44 years$734$438$251$139$76$28
45 years$710$418$236$129$69$24
46 years$687$399$221$119$62$21
47 years$664$380$208$110$57$19
48 years$643$363$195$101$51$17
49 years$623$347$184$94$47$15
50 years$603$331$173$87$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $618,000, adding $3,512 every year, while hoping to spend $28,285 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: 66/10/24 Blend
56$618,000$618,000$618,000$618,000
57$684,659$651,905$642,326$725,382
58$724,399$653,753$633,749$755,059
59$767,244$654,744$623,936$783,967
60$813,483$654,805$612,817$814,924
61$863,428$653,861$600,317$848,132
62$917,428$651,831$586,358$883,815
63$975,862$648,627$570,857$922,221
64$1,039,150$644,160$553,731$963,624
65$1,107,751$638,331$534,889$1,008,326
66$1,182,172$631,040$514,238$1,056,661
67$1,262,969$622,176$491,680$1,108,998
68$1,350,754$611,624$467,113$1,165,746
69$1,446,200$599,263$440,431$1,227,355
70$1,550,048$584,963$411,521$1,294,322
71$1,663,113$568,587$380,267$1,367,197
72$1,786,292$549,989$346,548$1,446,587
73$1,920,573$529,017$310,235$1,533,162
74$2,067,040$505,507$271,197$1,627,662
75$2,226,889$479,288$229,294$1,730,905
76$2,401,437$450,179$184,380$1,843,792
77$2,592,133$417,987$136,306$1,967,320
78$2,800,570$382,508$84,912$2,102,588
79$3,028,505$343,528$30,033$2,250,811
80$3,277,871$300,819$0$2,413,327
81$3,550,798$254,143$0$2,598,921
82$3,849,628$203,244$0$2,810,602
83$4,176,943$147,856$0$3,042,520
84$4,535,585$87,696$0$3,296,712
85$4,928,686$22,464$0$3,575,423
86$5,359,693$0$0$3,881,128
87$5,832,404$0$0$4,221,852
88$6,351,001$0$0$4,598,402
89$6,920,091$0$0$5,011,658
90$7,544,749$0$0$5,465,308
91$8,230,565$0$0$5,963,418
92$8,983,695$0$0$6,510,465
93$9,810,924$0$0$7,111,383
94$10,719,723$0$0$7,771,606
95$11,718,324$0$0$8,497,119
96$12,815,797$0$0$9,294,518
97$14,022,130$0$0$10,171,068
98$15,348,332$0$0$11,134,775
99$16,806,529$0$0$12,194,457
100$18,410,081$0$0$13,359,831