Can I retire at age 57 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$49,135$48,697$48,270$47,853$47,446$45,745
2 years$24,324$23,871$23,432$23,006$22,593$20,897
3 years$16,055$15,600$15,162$14,740$14,334$12,697
4 years$11,921$11,468$11,034$10,620$10,223$8,658
5 years$9,442$8,991$8,563$8,157$7,772$6,282
6 years$7,789$7,342$6,920$6,523$6,149$4,736
7 years$6,609$6,165$5,751$5,363$5,001$3,664
8 years$5,725$5,285$4,877$4,499$4,149$2,887
9 years$5,037$4,602$4,201$3,832$3,494$2,306
10 years$4,487$4,056$3,662$3,303$2,977$1,860
11 years$4,038$3,611$3,224$2,875$2,560$1,513
12 years$3,663$3,241$2,861$2,522$2,219$1,238
13 years$3,347$2,929$2,556$2,226$1,935$1,018
14 years$3,076$2,662$2,297$1,976$1,696$841
15 years$2,841$2,432$2,074$1,762$1,493$696
16 years$2,636$2,231$1,880$1,578$1,320$578
17 years$2,455$2,055$1,711$1,418$1,170$481
18 years$2,295$1,899$1,562$1,278$1,041$401
19 years$2,151$1,760$1,430$1,155$927$335
20 years$2,022$1,635$1,312$1,046$828$280
21 years$1,906$1,523$1,207$949$741$234
22 years$1,800$1,422$1,112$863$664$196
23 years$1,703$1,330$1,027$786$596$164
24 years$1,615$1,246$950$717$536$138
25 years$1,534$1,169$880$655$482$116
26 years$1,459$1,099$816$599$435$97
27 years$1,390$1,034$758$548$392$81
28 years$1,326$975$704$502$354$68
29 years$1,267$919$655$460$319$57
30 years$1,211$868$611$422$288$48
31 years$1,159$821$569$388$261$41
32 years$1,111$777$531$357$236$34
33 years$1,066$735$496$328$213$29
34 years$1,023$697$463$302$193$24
35 years$983$661$433$278$175$20
36 years$945$628$405$256$159$17
37 years$909$596$379$236$144$14
38 years$876$566$355$217$130$12
39 years$844$539$333$200$118$10
40 years$813$512$312$185$107$9
41 years$785$488$292$170$97$7
42 years$758$465$274$157$88$6
43 years$732$443$257$145$80$5
44 years$707$422$242$134$73$4
45 years$683$402$227$124$66$4
46 years$661$384$213$114$60$3
47 years$640$366$200$106$54$3
48 years$619$350$188$98$49$2
49 years$600$334$177$90$45$2
50 years$581$319$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 $595,000, adding $2,643 every year, while hoping to spend $28,689 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: 44/33/23 Blend
56$595,000$595,000$595,000$595,000
57$658,416$626,881$617,659$682,893
58$695,050$627,074$607,825$700,672
59$734,459$626,314$596,701$716,939
60$776,895$624,525$584,212$733,996
61$822,637$621,625$570,282$751,931
62$871,989$617,528$554,830$770,842
63$925,287$612,142$537,772$790,840
64$982,899$605,369$519,019$812,050
65$1,045,228$597,106$498,480$834,609
66$1,112,721$587,244$476,059$858,673
67$1,185,865$575,665$451,653$884,415
68$1,265,199$562,249$425,160$912,028
69$1,351,314$546,864$396,467$941,727
70$1,444,860$529,372$365,461$973,753
71$1,546,553$509,628$332,021$1,008,375
72$1,657,179$487,478$296,022$1,045,889
73$1,777,605$462,758$257,332$1,086,629
74$1,908,784$435,296$215,815$1,130,965
75$2,051,763$404,909$171,328$1,179,308
76$2,207,697$371,404$123,722$1,232,114
77$2,377,856$334,576$72,841$1,289,893
78$2,563,638$294,211$18,521$1,353,209
79$2,766,581$250,080$0$1,422,689
80$2,988,381$201,942$0$1,508,709
81$3,230,902$149,543$0$1,607,843
82$3,496,198$92,615$0$1,716,441
83$3,786,530$30,873$0$1,835,502
84$4,104,387$0$0$1,966,128
85$4,452,513$0$0$2,122,607
86$4,833,926$0$0$2,306,403
87$5,251,952$0$0$2,507,915
88$5,710,253$0$0$2,728,918
89$6,212,863$0$0$2,971,368
90$6,764,224$0$0$3,237,416
91$7,369,229$0$0$3,529,435
92$8,033,270$0$0$3,850,037
93$8,762,282$0$0$4,202,098
94$9,562,807$0$0$4,588,790
95$10,442,049$0$0$5,013,604
96$11,407,944$0$0$5,480,387
97$12,469,236$0$0$5,993,377
98$13,635,556$0$0$6,557,242
99$14,917,517$0$0$7,177,126
100$16,326,808$0$0$7,858,697