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%13.9%
1 years$51,116$50,661$50,217$49,783$49,360$48,562
2 years$25,305$24,834$24,377$23,934$23,505$22,703
3 years$16,703$16,229$15,774$15,335$14,912$14,132
4 years$12,402$11,930$11,479$11,048$10,636$9,882
5 years$9,822$9,353$8,908$8,486$8,085$7,361
6 years$8,103$7,638$7,199$6,786$6,397$5,704
7 years$6,876$6,414$5,983$5,579$5,203$4,540
8 years$5,956$5,498$5,074$4,680$4,316$3,683
9 years$5,240$4,787$4,370$3,987$3,635$3,032
10 years$4,668$4,220$3,810$3,437$3,097$2,524
11 years$4,201$3,756$3,354$2,991$2,664$2,119
12 years$3,811$3,372$2,977$2,623$2,308$1,792
13 years$3,482$3,047$2,659$2,316$2,013$1,524
14 years$3,200$2,770$2,390$2,056$1,764$1,302
15 years$2,956$2,530$2,157$1,833$1,554$1,117
16 years$2,742$2,321$1,956$1,642$1,373$961
17 years$2,554$2,138$1,780$1,475$1,217$829
18 years$2,387$1,975$1,625$1,329$1,082$717
19 years$2,238$1,831$1,487$1,201$965$622
20 years$2,104$1,701$1,365$1,088$862$540
21 years$1,983$1,585$1,256$987$771$469
22 years$1,872$1,479$1,157$898$691$409
23 years$1,772$1,384$1,069$818$621$356
24 years$1,680$1,296$988$746$558$311
25 years$1,596$1,216$915$681$502$271
26 years$1,518$1,143$849$623$452$237
27 years$1,446$1,076$788$570$408$207
28 years$1,380$1,014$733$522$368$181
29 years$1,318$956$682$479$332$159
30 years$1,260$903$635$439$300$139
31 years$1,206$854$592$404$271$122
32 years$1,156$808$553$371$245$107
33 years$1,109$765$516$341$222$93
34 years$1,064$725$482$314$201$82
35 years$1,022$688$451$289$182$72
36 years$983$653$422$266$165$63
37 years$946$620$395$245$150$55
38 years$911$589$370$226$136$48
39 years$878$560$346$208$123$42
40 years$846$533$324$192$112$37
41 years$816$507$304$177$101$33
42 years$788$483$285$164$92$29
43 years$761$461$268$151$83$25
44 years$735$439$251$139$76$22
45 years$711$419$236$129$69$19
46 years$688$399$222$119$62$17
47 years$665$381$208$110$57$15
48 years$644$364$196$102$51$13
49 years$624$347$184$94$47$11
50 years$604$332$173$87$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $619,000, adding $5,217 every year, while hoping to spend $33,867 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: 51/33/16 Blend
56$619,000$619,000$619,000$619,000
57$687,519$654,712$645,118$719,322
58$721,612$650,759$630,695$737,776
59$758,047$645,477$614,654$753,855
60$797,028$638,765$596,905$770,591
61$838,777$630,517$577,353$788,055
62$883,539$620,618$555,901$806,330
63$931,581$608,950$532,445$825,507
64$983,198$595,385$506,878$845,691
65$1,038,713$579,787$479,087$866,997
66$1,098,480$562,015$448,955$889,556
67$1,162,889$541,918$416,358$913,515
68$1,232,366$519,335$381,170$939,037
69$1,307,383$494,097$343,254$966,305
70$1,388,455$466,027$302,472$995,526
71$1,476,149$434,934$258,677$1,026,928
72$1,571,090$400,619$211,715$1,060,767
73$1,673,962$362,870$161,429$1,097,329
74$1,785,519$321,464$107,650$1,136,933
75$1,906,591$276,165$50,205$1,179,935
76$2,038,089$226,723$0$1,226,730
77$2,181,017$172,875$0$1,279,656
78$2,336,477$114,342$0$1,346,577
79$2,505,683$50,830$0$1,419,494
80$2,689,971$0$0$1,499,051
81$2,890,811$0$0$1,592,486
82$3,109,820$0$0$1,714,558
83$3,348,778$0$0$1,847,811
84$3,609,646$0$0$1,993,345
85$3,894,580$0$0$2,152,370
86$4,205,954$0$0$2,326,220
87$4,546,384$0$0$2,516,364
88$4,918,748$0$0$2,724,418
89$5,326,215$0$0$2,952,161
90$5,772,274$0$0$3,201,556
91$6,260,769$0$0$3,474,758
92$6,795,933$0$0$3,774,147
93$7,382,424$0$0$4,102,340
94$8,025,377$0$0$4,462,221
95$8,730,444$0$0$4,856,964
96$9,503,852$0$0$5,290,069
97$10,352,460$0$0$5,765,388
98$11,283,820$0$0$6,287,165
99$12,306,255$0$0$6,860,074
100$13,428,930$0$0$7,489,267