Can I retire at age 57 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$51,116$50,661$50,217$49,783$49,360$47,685
2 years$25,305$24,834$24,377$23,934$23,505$21,834
3 years$16,703$16,229$15,774$15,335$14,912$13,298
4 years$12,402$11,930$11,479$11,048$10,636$9,090
5 years$9,822$9,353$8,908$8,486$8,085$6,613
6 years$8,103$7,638$7,199$6,786$6,397$5,000
7 years$6,876$6,414$5,983$5,579$5,203$3,879
8 years$5,956$5,498$5,074$4,680$4,316$3,066
9 years$5,240$4,787$4,370$3,987$3,635$2,456
10 years$4,668$4,220$3,810$3,437$3,097$1,988
11 years$4,201$3,756$3,354$2,991$2,664$1,622
12 years$3,811$3,372$2,977$2,623$2,308$1,331
13 years$3,482$3,047$2,659$2,316$2,013$1,099
14 years$3,200$2,770$2,390$2,056$1,764$910
15 years$2,956$2,530$2,157$1,833$1,554$757
16 years$2,742$2,321$1,956$1,642$1,373$631
17 years$2,554$2,138$1,780$1,475$1,217$527
18 years$2,387$1,975$1,625$1,329$1,082$441
19 years$2,238$1,831$1,487$1,201$965$369
20 years$2,104$1,701$1,365$1,088$862$310
21 years$1,983$1,585$1,256$987$771$260
22 years$1,872$1,479$1,157$898$691$219
23 years$1,772$1,384$1,069$818$621$184
24 years$1,680$1,296$988$746$558$155
25 years$1,596$1,216$915$681$502$131
26 years$1,518$1,143$849$623$452$110
27 years$1,446$1,076$788$570$408$93
28 years$1,380$1,014$733$522$368$78
29 years$1,318$956$682$479$332$66
30 years$1,260$903$635$439$300$56
31 years$1,206$854$592$404$271$47
32 years$1,156$808$553$371$245$40
33 years$1,109$765$516$341$222$33
34 years$1,064$725$482$314$201$28
35 years$1,022$688$451$289$182$24
36 years$983$653$422$266$165$20
37 years$946$620$395$245$150$17
38 years$911$589$370$226$136$14
39 years$878$560$346$208$123$12
40 years$846$533$324$192$112$10
41 years$816$507$304$177$101$9
42 years$788$483$285$164$92$7
43 years$761$461$268$151$83$6
44 years$735$439$251$139$76$5
45 years$711$419$236$129$69$4
46 years$688$399$222$119$62$4
47 years$665$381$208$110$57$3
48 years$644$364$196$102$51$3
49 years$624$347$184$94$47$2
50 years$604$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $619,000, adding $2,463 every year, while hoping to spend $40,904 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: 42/35/23 Blend
56$619,000$619,000$619,000$619,000
57$684,679$651,872$642,277$708,732
58$710,994$640,292$620,272$714,548
59$738,623$626,774$596,158$716,733
60$767,656$611,179$569,823$718,281
61$798,192$593,361$541,147$719,155
62$830,338$573,166$510,006$719,318
63$864,210$550,430$476,269$718,733
64$899,937$524,978$439,801$717,364
65$937,656$496,628$400,461$715,174
66$977,520$465,185$358,099$712,126
67$1,019,693$430,445$312,561$708,184
68$1,064,355$392,190$263,685$703,315
69$1,111,703$350,191$211,302$697,485
70$1,161,952$304,206$155,236$690,662
71$1,215,338$253,979$95,303$682,818
72$1,272,117$199,239$31,311$673,928
73$1,332,571$139,700$0$663,968
74$1,397,009$75,060$0$661,997
75$1,465,768$5,002$0$667,717
76$1,539,217$0$0$673,482
77$1,617,762$0$0$706,622
78$1,701,848$0$0$744,213
79$1,791,961$0$0$784,552
80$1,888,636$0$0$827,884
81$1,992,460$0$0$874,481
82$2,104,076$0$0$924,639
83$2,224,191$0$0$978,683
84$2,353,581$0$0$1,036,971
85$2,493,098$0$0$1,099,895
86$2,643,679$0$0$1,167,889
87$2,806,352$0$0$1,241,425
88$2,982,248$0$0$1,321,027
89$3,172,609$0$0$1,407,266
90$3,378,801$0$0$1,500,774
91$3,602,326$0$0$1,602,244
92$3,844,836$0$0$1,712,438
93$4,108,146$0$0$1,832,195
94$4,394,255$0$0$1,962,437
95$4,705,361$0$0$2,104,180
96$5,043,879$0$0$2,258,540
97$5,412,472$0$0$2,426,746
98$5,814,066$0$0$2,610,152
99$6,251,883$0$0$2,810,244
100$6,729,467$0$0$3,028,663