Can I retire at age 57 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,364$50,907$50,460$50,025$49,599$49,287
2 years$25,428$24,954$24,495$24,050$23,619$23,303
3 years$16,783$16,308$15,850$15,409$14,985$14,676
4 years$12,462$11,988$11,535$11,101$10,687$10,388
5 years$9,870$9,399$8,951$8,527$8,124$7,836
6 years$8,143$7,675$7,234$6,819$6,428$6,151
7 years$6,909$6,445$6,012$5,606$5,228$4,961
8 years$5,984$5,525$5,098$4,703$4,337$4,081
9 years$5,266$4,810$4,391$4,006$3,653$3,407
10 years$4,691$4,240$3,828$3,453$3,112$2,877
11 years$4,221$3,775$3,370$3,005$2,677$2,452
12 years$3,830$3,388$2,991$2,636$2,319$2,105
13 years$3,499$3,062$2,672$2,327$2,023$1,818
14 years$3,215$2,783$2,401$2,066$1,773$1,579
15 years$2,970$2,542$2,168$1,842$1,561$1,376
16 years$2,756$2,333$1,966$1,650$1,380$1,204
17 years$2,567$2,148$1,789$1,482$1,223$1,057
18 years$2,399$1,985$1,633$1,336$1,088$930
19 years$2,249$1,840$1,495$1,207$970$820
20 years$2,114$1,710$1,372$1,093$866$725
21 years$1,992$1,592$1,262$992$775$642
22 years$1,882$1,486$1,163$902$695$569
23 years$1,781$1,390$1,074$822$624$505
24 years$1,688$1,303$993$749$560$449
25 years$1,604$1,222$920$684$504$399
26 years$1,525$1,149$853$626$454$355
27 years$1,453$1,081$792$573$410$317
28 years$1,386$1,019$736$525$370$282
29 years$1,324$961$685$481$334$252
30 years$1,266$908$638$442$302$225
31 years$1,212$858$595$406$273$201
32 years$1,161$812$555$373$247$180
33 years$1,114$769$518$343$223$161
34 years$1,069$729$484$315$202$144
35 years$1,027$691$453$290$183$128
36 years$988$656$424$267$166$115
37 years$951$623$396$246$150$103
38 years$915$592$371$227$136$92
39 years$882$563$348$209$124$82
40 years$850$536$326$193$112$74
41 years$820$510$306$178$102$66
42 years$792$486$287$164$92$59
43 years$765$463$269$152$84$53
44 years$739$441$253$140$76$48
45 years$714$421$237$129$69$43
46 years$691$401$223$120$63$38
47 years$669$383$209$110$57$34
48 years$647$366$197$102$52$31
49 years$627$349$185$94$47$27
50 years$607$333$174$87$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $622,000, adding $2,494 every year, while hoping to spend $41,672 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: 36/46/18 Blend
56$622,000$622,000$622,000$622,000
57$688,017$655,051$645,410$708,936
58$713,856$642,809$622,692$712,116
59$740,933$628,572$597,817$711,452
60$769,333$612,196$570,668$709,860
61$799,143$593,531$541,123$707,281
62$830,460$572,419$509,056$703,652
63$863,391$548,692$474,333$698,911
64$898,050$522,171$436,816$692,990
65$934,562$492,668$396,360$685,823
66$973,062$459,984$352,814$677,338
67$1,013,700$423,908$306,018$667,463
68$1,056,637$384,219$255,809$656,125
69$1,102,048$340,680$202,013$643,249
70$1,150,127$293,043$144,451$628,756
71$1,201,083$241,046$82,933$612,569
72$1,255,147$184,411$17,265$594,608
73$1,312,570$122,844$0$574,795
74$1,373,625$56,037$0$563,192
75$1,438,614$0$0$553,773
76$1,507,866$0$0$551,454
77$1,581,740$0$0$579,289
78$1,660,632$0$0$609,068
79$1,744,974$0$0$640,962
80$1,835,240$0$0$675,156
81$1,931,949$0$0$711,855
82$2,035,673$0$0$751,285
83$2,147,037$0$0$793,692
84$2,266,727$0$0$839,346
85$2,395,497$0$0$888,544
86$2,534,175$0$0$941,614
87$2,683,670$0$0$998,914
88$2,844,981$0$0$1,060,837
89$3,019,203$0$0$1,127,819
90$3,207,543$0$0$1,200,333
91$3,411,326$0$0$1,278,905
92$3,632,008$0$0$1,364,109
93$3,871,191$0$0$1,456,579
94$4,130,635$0$0$1,557,011
95$4,412,276$0$0$1,666,170
96$4,718,245$0$0$1,784,900
97$5,050,884$0$0$1,914,126
98$5,412,771$0$0$2,054,870
99$5,806,741$0$0$2,208,252
100$6,235,915$0$0$2,375,509