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%14.7%
1 years$51,034$50,579$50,136$49,703$49,280$48,325
2 years$25,264$24,794$24,338$23,896$23,467$22,508
3 years$16,676$16,203$15,748$15,310$14,888$13,956
4 years$12,382$11,911$11,461$11,030$10,618$9,720
5 years$9,807$9,338$8,894$8,472$8,072$7,210
6 years$8,090$7,625$7,188$6,775$6,387$5,562
7 years$6,865$6,404$5,973$5,570$5,194$4,407
8 years$5,946$5,489$5,066$4,673$4,309$3,559
9 years$5,232$4,779$4,363$3,980$3,629$2,916
10 years$4,661$4,213$3,804$3,431$3,092$2,415
11 years$4,194$3,750$3,349$2,986$2,659$2,018
12 years$3,805$3,366$2,972$2,619$2,305$1,697
13 years$3,476$3,042$2,655$2,312$2,010$1,436
14 years$3,195$2,765$2,386$2,053$1,762$1,220
15 years$2,951$2,526$2,154$1,831$1,551$1,041
16 years$2,738$2,318$1,953$1,639$1,371$891
17 years$2,550$2,134$1,777$1,473$1,215$764
18 years$2,383$1,972$1,622$1,327$1,081$657
19 years$2,234$1,828$1,485$1,199$963$566
20 years$2,100$1,699$1,363$1,086$860$489
21 years$1,979$1,582$1,254$986$770$422
22 years$1,869$1,477$1,155$896$690$365
23 years$1,769$1,381$1,067$816$620$317
24 years$1,678$1,294$987$744$557$274
25 years$1,593$1,215$914$680$501$238
26 years$1,516$1,141$848$622$451$207
27 years$1,444$1,074$787$569$407$180
28 years$1,377$1,012$732$521$367$156
29 years$1,316$955$681$478$332$136
30 years$1,258$902$634$439$300$118
31 years$1,204$853$591$403$271$103
32 years$1,154$807$552$370$245$89
33 years$1,107$764$515$341$222$78
34 years$1,062$724$481$313$201$68
35 years$1,021$687$450$288$182$59
36 years$982$652$421$266$165$51
37 years$944$619$394$245$149$45
38 years$909$588$369$226$135$39
39 years$876$559$346$208$123$34
40 years$845$532$324$192$111$30
41 years$815$507$304$177$101$26
42 years$787$483$285$163$92$22
43 years$760$460$267$151$83$20
44 years$734$438$251$139$76$17
45 years$710$418$236$129$69$15
46 years$687$399$221$119$62$13
47 years$664$380$208$110$57$11
48 years$643$363$195$101$51$10
49 years$623$347$184$94$47$9
50 years$603$331$173$87$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $618,000, adding $3,885 every year, while hoping to spend $22,416 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: 76/13/11 Blend
56$618,000$618,000$618,000$618,000
57$685,043$652,289$642,710$735,406
58$731,067$660,401$640,391$777,234
59$781,034$668,159$637,242$819,848
60$835,323$675,522$633,213$865,930
61$894,350$682,447$628,250$915,816
62$958,573$688,886$622,295$969,878
63$1,028,497$694,790$615,291$1,028,524
64$1,104,675$700,106$607,175$1,092,203
65$1,187,718$704,778$597,882$1,161,414
66$1,278,299$708,746$587,344$1,236,702
67$1,377,156$711,944$575,490$1,318,669
68$1,485,103$714,307$562,246$1,407,980
69$1,603,036$715,761$547,534$1,505,367
70$1,731,941$716,229$531,273$1,611,636
71$1,872,905$715,630$513,376$1,727,675
72$2,027,123$713,877$493,756$1,854,465
73$2,195,911$710,879$472,318$1,993,084
74$2,380,720$706,537$448,967$2,144,722
75$2,583,145$700,749$423,598$2,310,692
76$2,804,944$693,404$396,107$2,492,438
77$3,048,054$684,387$366,383$2,691,553
78$3,314,606$673,573$334,308$2,909,794
79$3,606,951$660,832$299,761$3,149,096
80$3,927,673$646,027$262,617$3,411,591
81$4,279,622$629,009$222,741$3,699,632
82$4,665,938$609,624$179,997$4,015,810
83$5,090,075$587,708$134,239$4,362,982
84$5,555,844$563,086$85,317$4,744,296
85$6,067,438$535,576$33,073$5,163,223
86$6,629,479$504,981$0$5,623,588
87$7,247,059$471,098$0$6,132,269
88$7,925,784$433,707$0$6,695,568
89$8,671,834$392,579$0$7,314,742
90$9,492,017$347,470$0$7,995,458
91$10,393,831$298,125$0$8,743,964
92$11,385,539$244,271$0$9,567,141
93$12,476,246$185,622$0$10,472,575
94$13,675,980$121,874$0$11,468,625
95$14,995,792$52,708$0$12,564,502
96$16,447,858$0$0$13,770,357
97$18,045,594$0$0$15,100,556
98$19,803,780$0$0$16,572,663
99$21,738,703$0$0$18,192,778
100$23,868,310$0$0$19,975,931