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%15.8%
1 years$51,364$50,907$50,460$50,025$49,599$48,420
2 years$25,428$24,954$24,495$24,050$23,619$22,437
3 years$16,783$16,308$15,850$15,409$14,985$13,838
4 years$12,462$11,988$11,535$11,101$10,687$9,585
5 years$9,870$9,399$8,951$8,527$8,124$7,069
6 years$8,143$7,675$7,234$6,819$6,428$5,421
7 years$6,909$6,445$6,012$5,606$5,228$4,268
8 years$5,984$5,525$5,098$4,703$4,337$3,425
9 years$5,266$4,810$4,391$4,006$3,653$2,788
10 years$4,691$4,240$3,828$3,453$3,112$2,293
11 years$4,221$3,775$3,370$3,005$2,677$1,903
12 years$3,830$3,388$2,991$2,636$2,319$1,589
13 years$3,499$3,062$2,672$2,327$2,023$1,334
14 years$3,215$2,783$2,401$2,066$1,773$1,126
15 years$2,970$2,542$2,168$1,842$1,561$953
16 years$2,756$2,333$1,966$1,650$1,380$809
17 years$2,567$2,148$1,789$1,482$1,223$689
18 years$2,399$1,985$1,633$1,336$1,088$588
19 years$2,249$1,840$1,495$1,207$970$502
20 years$2,114$1,710$1,372$1,093$866$430
21 years$1,992$1,592$1,262$992$775$368
22 years$1,882$1,486$1,163$902$695$316
23 years$1,781$1,390$1,074$822$624$271
24 years$1,688$1,303$993$749$560$233
25 years$1,604$1,222$920$684$504$201
26 years$1,525$1,149$853$626$454$173
27 years$1,453$1,081$792$573$410$149
28 years$1,386$1,019$736$525$370$128
29 years$1,324$961$685$481$334$110
30 years$1,266$908$638$442$302$95
31 years$1,212$858$595$406$273$82
32 years$1,161$812$555$373$247$71
33 years$1,114$769$518$343$223$61
34 years$1,069$729$484$315$202$53
35 years$1,027$691$453$290$183$45
36 years$988$656$424$267$166$39
37 years$951$623$396$246$150$34
38 years$915$592$371$227$136$29
39 years$882$563$348$209$124$25
40 years$850$536$326$193$112$22
41 years$820$510$306$178$102$19
42 years$792$486$287$164$92$16
43 years$765$463$269$152$84$14
44 years$739$441$253$140$76$12
45 years$714$421$237$129$69$10
46 years$691$401$223$120$63$9
47 years$669$383$209$110$57$8
48 years$647$366$197$102$52$7
49 years$627$349$185$94$47$6
50 years$607$333$174$87$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $622,000, adding $6,819 every year, while hoping to spend $34,310 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: 82/12/6 Blend
56$622,000$622,000$622,000$622,000
57$692,478$659,512$649,871$748,425
58$726,605$655,322$635,136$781,807
59$763,063$649,778$618,757$813,144
60$802,054$642,775$600,644$846,482
61$843,798$634,206$580,701$882,000
62$888,539$623,955$558,827$919,898
63$936,540$611,900$534,919$960,393
64$988,096$597,911$508,866$1,003,727
65$1,043,525$581,851$480,557$1,050,165
66$1,103,178$563,576$449,870$1,099,998
67$1,167,443$542,932$416,681$1,153,548
68$1,236,743$519,756$380,860$1,211,171
69$1,311,543$493,877$342,271$1,273,256
70$1,392,355$465,112$300,772$1,340,235
71$1,479,742$433,269$256,214$1,412,582
72$1,574,321$398,144$208,443$1,490,821
73$1,676,772$359,524$157,296$1,575,530
74$1,787,842$317,180$102,605$1,667,343
75$1,908,352$270,872$44,193$1,766,962
76$2,039,207$220,347$0$1,875,161
77$2,181,398$165,336$0$1,993,954
78$2,336,021$105,558$0$2,126,213
79$2,504,276$40,711$0$2,270,156
80$2,687,488$0$0$2,426,938
81$2,887,113$0$0$2,601,732
82$3,104,752$0$0$2,798,174
83$3,342,171$0$0$3,012,481
84$3,601,308$0$0$3,246,408
85$3,884,303$0$0$3,501,885
86$4,193,506$0$0$3,781,037
87$4,531,508$0$0$4,086,205
88$4,901,159$0$0$4,419,964
89$5,305,599$0$0$4,785,151
90$5,748,284$0$0$5,184,889
91$6,233,020$0$0$5,622,617
92$6,764,000$0$0$6,102,123
93$7,345,839$0$0$6,627,578
94$7,983,620$0$0$7,203,575
95$8,682,943$0$0$7,835,173
96$9,449,975$0$0$8,527,944
97$10,291,507$0$0$9,288,026
98$11,215,020$0$0$10,122,178
99$12,228,756$0$0$11,037,848
100$13,341,792$0$0$12,043,236