Can I retire at age 57 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$51,199$50,743$50,298$49,864$49,440$49,087
2 years$25,346$24,874$24,417$23,973$23,543$23,187
3 years$16,730$16,255$15,799$15,360$14,936$14,589
4 years$12,422$11,949$11,498$11,066$10,653$10,316
5 years$9,838$9,369$8,923$8,500$8,098$7,773
6 years$8,116$7,650$7,211$6,797$6,408$6,095
7 years$6,887$6,425$5,992$5,588$5,211$4,911
8 years$5,965$5,507$5,082$4,688$4,323$4,035
9 years$5,249$4,795$4,377$3,993$3,641$3,365
10 years$4,676$4,226$3,816$3,442$3,102$2,838
11 years$4,207$3,763$3,360$2,996$2,668$2,416
12 years$3,817$3,377$2,982$2,628$2,312$2,071
13 years$3,488$3,052$2,664$2,320$2,016$1,787
14 years$3,205$2,774$2,393$2,059$1,767$1,549
15 years$2,961$2,534$2,161$1,836$1,556$1,349
16 years$2,747$2,325$1,959$1,644$1,375$1,179
17 years$2,558$2,141$1,783$1,477$1,219$1,033
18 years$2,391$1,979$1,627$1,331$1,084$908
19 years$2,242$1,834$1,490$1,203$966$799
20 years$2,107$1,704$1,367$1,090$863$705
21 years$1,986$1,587$1,258$989$772$623
22 years$1,875$1,482$1,159$899$692$552
23 years$1,775$1,386$1,070$819$622$489
24 years$1,683$1,298$990$747$559$434
25 years$1,598$1,218$917$682$503$386
26 years$1,521$1,145$850$624$453$343
27 years$1,449$1,078$790$571$408$305
28 years$1,382$1,016$734$523$368$271
29 years$1,320$958$683$480$333$242
30 years$1,262$905$636$440$301$216
31 years$1,208$855$593$404$272$192
32 years$1,158$809$553$372$246$171
33 years$1,110$766$517$342$222$153
34 years$1,066$726$483$314$201$137
35 years$1,024$689$451$289$182$122
36 years$985$654$422$267$165$109
37 years$948$621$395$246$150$97
38 years$912$590$370$226$136$87
39 years$879$561$347$209$123$78
40 years$848$534$325$192$112$70
41 years$818$508$305$178$101$62
42 years$789$484$286$164$92$56
43 years$762$461$268$151$83$50
44 years$737$440$252$140$76$44
45 years$712$419$236$129$69$40
46 years$689$400$222$119$62$36
47 years$667$382$209$110$57$32
48 years$645$364$196$102$51$28
49 years$625$348$184$94$47$25
50 years$605$332$173$87$42$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $620,000, adding $3,243 every year, while hoping to spend $47,423 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: 38/41/21 Blend
56$620,000$620,000$620,000$620,000
57$686,585$653,725$644,115$708,250
58$706,159$635,300$615,235$705,799
59$726,140$614,383$583,799$698,452
60$746,520$590,801$549,669$689,545
61$767,287$564,372$512,705$678,964
62$788,428$534,904$472,759$666,588
63$809,927$502,193$429,675$652,290
64$831,762$466,023$383,291$635,932
65$853,909$426,166$333,440$617,371
66$876,341$382,382$279,943$596,453
67$899,024$334,414$222,617$573,014
68$921,920$281,996$161,270$546,881
69$944,983$224,841$95,700$517,870
70$968,164$162,651$25,698$485,783
71$991,402$95,106$0$450,414
72$1,014,633$21,874$0$422,522
73$1,037,779$0$0$397,749
74$1,060,755$0$0$396,030
75$1,083,464$0$0$404,023
76$1,105,797$0$0$411,809
77$1,127,630$0$0$419,338
78$1,148,824$0$0$426,548
79$1,169,225$0$0$433,373
80$1,188,659$0$0$439,739
81$1,206,930$0$0$445,562
82$1,223,821$0$0$450,750
83$1,239,089$0$0$455,199
84$1,252,463$0$0$458,794
85$1,263,642$0$0$461,406
86$1,272,289$0$0$462,893
87$1,278,030$0$0$463,095
88$1,280,449$0$0$461,837
89$1,279,086$0$0$458,924
90$1,273,426$0$0$454,138
91$1,262,901$0$0$447,238
92$1,246,879$0$0$437,958
93$1,224,660$0$0$426,002
94$1,195,470$0$0$411,042
95$1,158,447$0$0$392,717
96$1,112,641$0$0$370,625
97$1,056,998$0$0$344,322
98$990,351$0$0$313,316
99$911,411$0$0$277,065
100$818,751$0$0$234,968