Can I retire at age 57 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$51,447$50,988$50,541$50,105$49,679$48,031
2 years$25,469$24,994$24,535$24,089$23,657$22,012
3 years$16,810$16,334$15,876$15,434$15,009$13,420
4 years$12,482$12,007$11,553$11,119$10,704$9,183
5 years$9,886$9,414$8,966$8,541$8,137$6,687
6 years$8,156$7,687$7,246$6,830$6,439$5,061
7 years$6,920$6,456$6,021$5,615$5,236$3,932
8 years$5,994$5,534$5,106$4,711$4,344$3,111
9 years$5,274$4,818$4,398$4,012$3,658$2,495
10 years$4,698$4,247$3,834$3,459$3,117$2,022
11 years$4,228$3,781$3,376$3,010$2,681$1,652
12 years$3,836$3,393$2,996$2,640$2,323$1,358
13 years$3,504$3,067$2,677$2,331$2,026$1,122
14 years$3,221$2,787$2,405$2,069$1,776$931
15 years$2,975$2,546$2,171$1,845$1,564$775
16 years$2,760$2,336$1,969$1,652$1,382$647
17 years$2,571$2,152$1,791$1,485$1,225$541
18 years$2,403$1,988$1,635$1,338$1,089$453
19 years$2,252$1,843$1,497$1,209$971$381
20 years$2,117$1,712$1,374$1,095$867$320
21 years$1,995$1,595$1,264$994$776$269
22 years$1,885$1,489$1,165$903$696$227
23 years$1,784$1,392$1,075$823$625$191
24 years$1,691$1,305$995$750$561$161
25 years$1,606$1,224$921$685$505$136
26 years$1,528$1,151$854$627$455$115
27 years$1,456$1,083$793$574$410$97
28 years$1,389$1,020$738$526$370$82
29 years$1,326$963$686$482$334$69
30 years$1,268$909$639$442$302$58
31 years$1,214$859$596$406$273$49
32 years$1,163$813$556$373$247$42
33 years$1,116$770$519$343$224$35
34 years$1,071$730$485$316$202$30
35 years$1,029$692$454$291$183$25
36 years$989$657$424$268$166$21
37 years$952$624$397$247$151$18
38 years$917$593$372$227$136$15
39 years$883$564$348$210$124$13
40 years$852$537$327$193$112$11
41 years$822$511$306$178$102$9
42 years$793$486$287$165$92$8
43 years$766$463$270$152$84$7
44 years$740$442$253$140$76$6
45 years$716$421$238$130$69$5
46 years$692$402$223$120$63$4
47 years$670$384$210$111$57$3
48 years$648$366$197$102$52$3
49 years$628$350$185$94$47$2
50 years$608$334$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $623,000, adding $2,831 every year, while hoping to spend $23,299 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: 52/20/28 Blend
56$623,000$623,000$623,000$623,000
57$689,466$656,447$646,791$719,772
58$735,002$663,823$643,668$748,511
59$784,401$670,780$639,660$777,174
60$838,034$677,272$634,713$807,896
61$896,306$683,251$628,768$840,883
62$959,665$688,666$621,768$876,362
63$1,028,603$693,462$613,649$914,587
64$1,103,660$697,582$604,346$955,836
65$1,185,433$700,962$593,791$1,000,418
66$1,274,576$703,539$581,912$1,048,674
67$1,371,811$705,240$568,634$1,100,980
68$1,477,932$705,993$553,880$1,157,754
69$1,593,812$705,718$537,566$1,219,457
70$1,720,413$704,331$519,607$1,286,596
71$1,858,795$701,743$499,914$1,359,734
72$2,010,124$697,860$478,392$1,439,493
73$2,175,682$692,581$454,944$1,526,559
74$2,356,884$685,799$429,467$1,621,689
75$2,555,286$677,403$401,853$1,725,722
76$2,772,601$667,273$371,992$1,839,581
77$3,010,719$655,281$339,766$1,964,289
78$3,271,716$641,294$305,052$2,100,973
79$3,557,884$625,170$267,724$2,250,878
80$3,871,742$606,757$227,647$2,415,380
81$4,216,070$585,898$184,683$2,595,995
82$4,593,925$562,423$138,686$2,794,401
83$5,008,677$536,154$89,504$3,012,446
84$5,464,039$506,902$36,979$3,252,172
85$5,964,099$474,468$0$3,515,833
86$6,513,360$438,641$0$3,811,614
87$7,116,786$399,197$0$4,148,721
88$7,779,841$355,901$0$4,519,178
89$8,508,548$308,503$0$4,926,382
90$9,309,541$256,740$0$5,374,080
91$10,190,128$200,335$0$5,866,400
92$11,158,362$138,992$0$6,407,896
93$12,223,115$72,402$0$7,003,584
94$13,394,160$237$0$7,658,997
95$14,682,267$0$0$8,380,234
96$16,099,300$0$0$9,191,148
97$17,658,334$0$0$10,083,453
98$19,373,771$0$0$11,065,350
99$21,261,483$0$0$12,145,932
100$23,338,957$0$0$13,335,218