Can I retire at age 57 with 622,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$51,364$50,907$50,460$50,025$49,599$48,919
2 years$25,428$24,954$24,495$24,050$23,619$22,934
3 years$16,783$16,308$15,850$15,409$14,985$14,318
4 years$12,462$11,988$11,535$11,101$10,687$10,043
5 years$9,870$9,399$8,951$8,527$8,124$7,504
6 years$8,143$7,675$7,234$6,819$6,428$5,833
7 years$6,909$6,445$6,012$5,606$5,228$4,658
8 years$5,984$5,525$5,098$4,703$4,337$3,793
9 years$5,266$4,810$4,391$4,006$3,653$3,133
10 years$4,691$4,240$3,828$3,453$3,112$2,617
11 years$4,221$3,775$3,370$3,005$2,677$2,206
12 years$3,830$3,388$2,991$2,636$2,319$1,872
13 years$3,499$3,062$2,672$2,327$2,023$1,599
14 years$3,215$2,783$2,401$2,066$1,773$1,371
15 years$2,970$2,542$2,168$1,842$1,561$1,181
16 years$2,756$2,333$1,966$1,650$1,380$1,021
17 years$2,567$2,148$1,789$1,482$1,223$885
18 years$2,399$1,985$1,633$1,336$1,088$769
19 years$2,249$1,840$1,495$1,207$970$669
20 years$2,114$1,710$1,372$1,093$866$583
21 years$1,992$1,592$1,262$992$775$510
22 years$1,882$1,486$1,163$902$695$446
23 years$1,781$1,390$1,074$822$624$390
24 years$1,688$1,303$993$749$560$342
25 years$1,604$1,222$920$684$504$300
26 years$1,525$1,149$853$626$454$263
27 years$1,453$1,081$792$573$410$231
28 years$1,386$1,019$736$525$370$203
29 years$1,324$961$685$481$334$179
30 years$1,266$908$638$442$302$157
31 years$1,212$858$595$406$273$138
32 years$1,161$812$555$373$247$122
33 years$1,114$769$518$343$223$107
34 years$1,069$729$484$315$202$95
35 years$1,027$691$453$290$183$83
36 years$988$656$424$267$166$73
37 years$951$623$396$246$150$65
38 years$915$592$371$227$136$57
39 years$882$563$348$209$124$50
40 years$850$536$326$193$112$44
41 years$820$510$306$178$102$39
42 years$792$486$287$164$92$35
43 years$765$463$269$152$84$30
44 years$739$441$253$140$76$27
45 years$714$421$237$129$69$24
46 years$691$401$223$120$63$21
47 years$669$383$209$110$57$18
48 years$647$366$197$102$52$16
49 years$627$349$185$94$47$14
50 years$607$333$174$87$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $622,000, adding $6,384 every year, while hoping to spend $33,052 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: 57/13/30 Blend
56$622,000$622,000$622,000$622,000
57$692,029$659,063$649,422$725,430
58$727,449$656,190$636,011$746,242
59$765,374$652,069$621,042$764,943
60$806,025$646,602$604,430$784,667
61$849,643$639,690$586,082$805,522
62$896,495$631,223$565,904$827,631
63$946,871$621,087$543,795$851,131
64$1,001,092$609,160$519,653$876,174
65$1,059,510$595,315$493,368$902,930
66$1,122,510$579,415$464,825$931,588
67$1,190,516$561,317$433,907$962,356
68$1,263,994$540,867$400,488$995,470
69$1,343,456$517,904$364,440$1,031,188
70$1,429,466$492,259$325,625$1,069,798
71$1,522,641$463,749$283,903$1,111,621
72$1,623,662$432,184$239,126$1,157,013
73$1,733,277$397,363$191,138$1,206,367
74$1,852,309$359,072$139,779$1,260,121
75$1,981,663$317,085$84,880$1,318,762
76$2,122,334$271,163$26,265$1,382,827
77$2,275,418$221,056$0$1,452,914
78$2,442,119$166,496$0$1,541,299
79$2,623,764$107,203$0$1,646,826
80$2,821,812$42,880$0$1,761,956
81$3,037,869$0$0$1,887,653
82$3,273,703$0$0$2,028,816
83$3,531,261$0$0$2,189,731
84$3,812,684$0$0$2,365,609
85$4,120,331$0$0$2,557,932
86$4,456,799$0$0$2,768,329
87$4,824,946$0$0$2,998,596
88$5,227,922$0$0$3,250,709
89$5,669,192$0$0$3,526,844
90$6,152,575$0$0$3,829,398
91$6,682,274$0$0$4,161,012
92$7,262,920$0$0$4,524,593
93$7,899,612$0$0$4,923,342
94$8,597,966$0$0$5,360,786
95$9,364,169$0$0$5,840,811
96$10,205,035$0$0$6,367,695
97$11,128,070$0$0$6,946,151
98$12,141,541$0$0$7,581,372
99$13,254,556$0$0$8,279,077
100$14,477,147$0$0$9,045,567