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%12%
1 years$51,364$50,907$50,460$50,025$49,599$49,184
2 years$25,428$24,954$24,495$24,050$23,619$23,200
3 years$16,783$16,308$15,850$15,409$14,985$14,576
4 years$12,462$11,988$11,535$11,101$10,687$10,291
5 years$9,870$9,399$8,951$8,527$8,124$7,742
6 years$8,143$7,675$7,234$6,819$6,428$6,061
7 years$6,909$6,445$6,012$5,606$5,228$4,875
8 years$5,984$5,525$5,098$4,703$4,337$3,999
9 years$5,266$4,810$4,391$4,006$3,653$3,329
10 years$4,691$4,240$3,828$3,453$3,112$2,803
11 years$4,221$3,775$3,370$3,005$2,677$2,381
12 years$3,830$3,388$2,991$2,636$2,319$2,038
13 years$3,499$3,062$2,672$2,327$2,023$1,755
14 years$3,215$2,783$2,401$2,066$1,773$1,518
15 years$2,970$2,542$2,168$1,842$1,561$1,319
16 years$2,756$2,333$1,966$1,650$1,380$1,150
17 years$2,567$2,148$1,789$1,482$1,223$1,006
18 years$2,399$1,985$1,633$1,336$1,088$882
19 years$2,249$1,840$1,495$1,207$970$775
20 years$2,114$1,710$1,372$1,093$866$683
21 years$1,992$1,592$1,262$992$775$602
22 years$1,882$1,486$1,163$902$695$532
23 years$1,781$1,390$1,074$822$624$470
24 years$1,688$1,303$993$749$560$416
25 years$1,604$1,222$920$684$504$369
26 years$1,525$1,149$853$626$454$327
27 years$1,453$1,081$792$573$410$290
28 years$1,386$1,019$736$525$370$258
29 years$1,324$961$685$481$334$229
30 years$1,266$908$638$442$302$204
31 years$1,212$858$595$406$273$181
32 years$1,161$812$555$373$247$161
33 years$1,114$769$518$343$223$144
34 years$1,069$729$484$315$202$128
35 years$1,027$691$453$290$183$114
36 years$988$656$424$267$166$102
37 years$951$623$396$246$150$90
38 years$915$592$371$227$136$81
39 years$882$563$348$209$124$72
40 years$850$536$326$193$112$64
41 years$820$510$306$178$102$57
42 years$792$486$287$164$92$51
43 years$765$463$269$152$84$45
44 years$739$441$253$140$76$41
45 years$714$421$237$129$69$36
46 years$691$401$223$120$63$32
47 years$669$383$209$110$57$29
48 years$647$366$197$102$52$26
49 years$627$349$185$94$47$23
50 years$607$333$174$87$43$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $622,000, adding $3,216 every year, while hoping to spend $49,610 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: 56/20/24 Blend
56$622,000$622,000$622,000$622,000
57$688,761$655,795$646,154$722,658
58$706,230$635,145$615,016$725,587
59$723,818$611,819$581,171$723,278
60$741,485$585,636$544,478$719,714
61$759,185$556,401$504,787$714,791
62$776,866$523,908$461,941$708,394
63$794,467$487,941$415,777$700,401
64$811,923$448,269$366,125$690,680
65$829,156$404,651$312,807$679,089
66$846,081$356,830$255,637$665,475
67$862,601$304,535$194,421$649,674
68$878,608$247,479$128,956$631,509
69$893,981$185,360$59,031$610,789
70$908,583$117,859$0$587,309
71$922,262$44,637$0$564,838
72$934,847$0$0$555,538
73$946,150$0$0$551,707
74$955,958$0$0$556,746
75$964,036$0$0$560,685
76$970,120$0$0$563,361
77$973,919$0$0$564,593
78$975,108$0$0$564,179
79$973,327$0$0$561,896
80$968,175$0$0$557,496
81$959,208$0$0$550,702
82$945,933$0$0$541,211
83$927,804$0$0$528,683
84$904,216$0$0$512,744
85$874,497$0$0$492,978
86$837,906$0$0$468,926
87$793,620$0$0$440,079
88$740,730$0$0$405,874
89$678,228$0$0$365,690
90$605,003$0$0$318,836
91$519,824$0$0$264,552
92$421,329$0$0$201,997
93$308,014$0$0$130,241
94$178,219$0$0$48,257
95$30,106$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0