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%13.7%
1 years$51,116$50,661$50,217$49,783$49,360$48,602
2 years$25,305$24,834$24,377$23,934$23,505$22,743
3 years$16,703$16,229$15,774$15,335$14,912$14,171
4 years$12,402$11,930$11,479$11,048$10,636$9,920
5 years$9,822$9,353$8,908$8,486$8,085$7,397
6 years$8,103$7,638$7,199$6,786$6,397$5,737
7 years$6,876$6,414$5,983$5,579$5,203$4,571
8 years$5,956$5,498$5,074$4,680$4,316$3,713
9 years$5,240$4,787$4,370$3,987$3,635$3,060
10 years$4,668$4,220$3,810$3,437$3,097$2,550
11 years$4,201$3,756$3,354$2,991$2,664$2,144
12 years$3,811$3,372$2,977$2,623$2,308$1,815
13 years$3,482$3,047$2,659$2,316$2,013$1,546
14 years$3,200$2,770$2,390$2,056$1,764$1,323
15 years$2,956$2,530$2,157$1,833$1,554$1,136
16 years$2,742$2,321$1,956$1,642$1,373$979
17 years$2,554$2,138$1,780$1,475$1,217$846
18 years$2,387$1,975$1,625$1,329$1,082$733
19 years$2,238$1,831$1,487$1,201$965$636
20 years$2,104$1,701$1,365$1,088$862$553
21 years$1,983$1,585$1,256$987$771$482
22 years$1,872$1,479$1,157$898$691$420
23 years$1,772$1,384$1,069$818$621$367
24 years$1,680$1,296$988$746$558$320
25 years$1,596$1,216$915$681$502$280
26 years$1,518$1,143$849$623$452$245
27 years$1,446$1,076$788$570$408$215
28 years$1,380$1,014$733$522$368$188
29 years$1,318$956$682$479$332$165
30 years$1,260$903$635$439$300$145
31 years$1,206$854$592$404$271$127
32 years$1,156$808$553$371$245$111
33 years$1,109$765$516$341$222$98
34 years$1,064$725$482$314$201$86
35 years$1,022$688$451$289$182$75
36 years$983$653$422$266$165$66
37 years$946$620$395$245$150$58
38 years$911$589$370$226$136$51
39 years$878$560$346$208$123$45
40 years$846$533$324$192$112$39
41 years$816$507$304$177$101$35
42 years$788$483$285$164$92$30
43 years$761$461$268$151$83$27
44 years$735$439$251$139$76$24
45 years$711$419$236$129$69$21
46 years$688$399$222$119$62$18
47 years$665$381$208$110$57$16
48 years$644$364$196$102$51$14
49 years$624$347$184$94$47$12
50 years$604$332$173$87$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $619,000, adding $5,000 every year, while hoping to spend $34,548 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: 64/10/26 Blend
56$619,000$619,000$619,000$619,000
57$687,296$654,489$644,894$726,274
58$720,641$649,800$629,739$748,535
59$756,229$643,723$612,919$768,569
60$794,254$636,154$594,340$789,695
61$834,925$626,983$573,908$812,024
62$878,473$616,091$551,520$835,679
63$925,153$603,355$527,071$860,799
64$975,241$588,642$500,451$887,536
65$1,029,044$571,814$471,544$916,059
66$1,086,897$552,723$440,231$946,558
67$1,149,166$531,212$406,385$979,241
68$1,216,256$507,117$369,873$1,014,341
69$1,288,610$480,262$330,560$1,052,114
70$1,366,716$450,462$288,302$1,092,848
71$1,451,108$417,522$242,947$1,136,858
72$1,542,376$381,235$194,341$1,184,496
73$1,641,165$341,383$142,318$1,236,152
74$1,748,188$297,734$86,709$1,292,257
75$1,864,224$250,044$27,335$1,353,288
76$1,990,135$198,056$0$1,419,776
77$2,126,865$141,497$0$1,502,300
78$2,275,454$80,079$0$1,600,258
79$2,437,046$13,499$0$1,706,833
80$2,612,899$0$0$1,822,878
81$2,804,399$0$0$1,955,778
82$3,013,069$0$0$2,102,252
83$3,240,585$0$0$2,261,997
84$3,488,795$0$0$2,436,313
85$3,759,728$0$0$2,626,632
86$4,055,621$0$0$2,834,531
87$4,378,935$0$0$3,061,745
88$4,732,382$0$0$3,310,185
89$5,118,944$0$0$3,581,954
90$5,541,907$0$0$3,879,369
91$6,004,889$0$0$4,204,980
92$6,511,872$0$0$4,561,596
93$7,067,244$0$0$4,952,309
94$7,675,836$0$0$5,380,526
95$8,342,967$0$0$5,849,998
96$9,074,498$0$0$6,364,857
97$9,876,882$0$0$6,929,654
98$10,757,229$0$0$7,549,401
99$11,723,367$0$0$8,229,619
100$12,783,922$0$0$8,976,390