Can I retire at age 57 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$49,052$48,615$48,189$47,773$47,366$45,869
2 years$24,283$23,831$23,393$22,968$22,555$21,060
3 years$16,028$15,574$15,137$14,716$14,310$12,864
4 years$11,901$11,448$11,016$10,602$10,206$8,820
5 years$9,426$8,976$8,549$8,143$7,758$6,437
6 years$7,776$7,329$6,908$6,512$6,139$4,882
7 years$6,598$6,155$5,741$5,354$4,993$3,801
8 years$5,715$5,276$4,869$4,491$4,142$3,015
9 years$5,029$4,594$4,193$3,826$3,488$2,424
10 years$4,480$4,049$3,656$3,298$2,972$1,969
11 years$4,031$3,605$3,219$2,870$2,556$1,613
12 years$3,657$3,235$2,856$2,517$2,215$1,330
13 years$3,341$2,924$2,552$2,222$1,932$1,102
14 years$3,071$2,658$2,293$1,973$1,693$916
15 years$2,836$2,428$2,070$1,759$1,491$765
16 years$2,632$2,228$1,877$1,575$1,318$640
17 years$2,451$2,051$1,708$1,415$1,168$537
18 years$2,291$1,896$1,559$1,276$1,039$452
19 years$2,148$1,757$1,427$1,153$926$380
20 years$2,019$1,633$1,310$1,044$827$320
21 years$1,902$1,521$1,205$947$740$270
22 years$1,797$1,420$1,111$861$663$228
23 years$1,701$1,328$1,025$785$595$193
24 years$1,612$1,244$948$716$535$163
25 years$1,531$1,167$878$653$482$138
26 years$1,457$1,097$815$597$434$117
27 years$1,388$1,033$756$547$391$99
28 years$1,324$973$703$501$353$84
29 years$1,264$918$654$460$319$71
30 years$1,209$867$610$422$288$60
31 years$1,157$819$568$387$260$51
32 years$1,109$775$530$356$235$43
33 years$1,064$734$495$327$213$37
34 years$1,021$696$463$301$193$31
35 years$981$660$432$277$175$27
36 years$943$626$405$255$158$22
37 years$908$595$379$235$144$19
38 years$874$565$355$217$130$16
39 years$842$538$332$200$118$14
40 years$812$512$311$184$107$12
41 years$783$487$292$170$97$10
42 years$756$464$274$157$88$8
43 years$730$442$257$145$80$7
44 years$706$421$241$134$73$6
45 years$682$402$227$124$66$5
46 years$660$383$213$114$60$4
47 years$639$366$200$105$54$4
48 years$618$349$188$97$49$3
49 years$599$333$177$90$45$3
50 years$580$318$166$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $594,000, adding $4,685 every year, while hoping to spend $47,762 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: 55/34/11 Blend
56$594,000$594,000$594,000$594,000
57$659,421$627,939$618,732$693,606
58$675,863$607,889$588,641$697,255
59$692,382$585,257$555,941$695,600
60$708,935$559,864$520,495$692,672
61$725,472$531,523$482,158$688,360
62$741,940$500,038$440,779$682,541
63$758,275$465,197$396,203$675,086
64$774,407$426,780$348,264$665,855
65$790,257$384,552$296,790$654,696
66$805,734$338,266$241,604$641,447
67$820,738$287,660$182,517$625,931
68$835,156$232,458$119,334$607,961
69$848,863$172,369$51,852$587,332
70$861,715$107,084$0$563,825
71$873,557$36,277$0$539,569
72$884,210$0$0$518,591
73$893,479$0$0$509,663
74$901,144$0$0$513,304
75$906,961$0$0$515,795
76$910,660$0$0$516,969
77$911,939$0$0$516,642
78$910,463$0$0$514,610
79$905,859$0$0$510,647
80$897,715$0$0$504,502
81$885,574$0$0$495,896
82$868,927$0$0$484,519
83$847,213$0$0$470,031
84$819,808$0$0$452,052
85$786,023$0$0$430,162
86$745,093$0$0$403,898
87$696,173$0$0$372,745
88$638,329$0$0$336,136
89$570,526$0$0$293,441
90$491,620$0$0$243,967
91$400,347$0$0$186,945
92$295,309$0$0$121,527
93$174,962$0$0$46,775
94$37,601$0$0$0
95$0$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