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%14.1%
1 years$49,135$48,697$48,270$47,853$47,446$46,641
2 years$24,324$23,871$23,432$23,006$22,593$21,785
3 years$16,055$15,600$15,162$14,740$14,334$13,547
4 years$11,921$11,468$11,034$10,620$10,223$9,464
5 years$9,442$8,991$8,563$8,157$7,772$7,042
6 years$7,789$7,342$6,920$6,523$6,149$5,451
7 years$6,609$6,165$5,751$5,363$5,001$4,333
8 years$5,725$5,285$4,877$4,499$4,149$3,512
9 years$5,037$4,602$4,201$3,832$3,494$2,887
10 years$4,487$4,056$3,662$3,303$2,977$2,400
11 years$4,038$3,611$3,224$2,875$2,560$2,013
12 years$3,663$3,241$2,861$2,522$2,219$1,700
13 years$3,347$2,929$2,556$2,226$1,935$1,444
14 years$3,076$2,662$2,297$1,976$1,696$1,232
15 years$2,841$2,432$2,074$1,762$1,493$1,055
16 years$2,636$2,231$1,880$1,578$1,320$907
17 years$2,455$2,055$1,711$1,418$1,170$781
18 years$2,295$1,899$1,562$1,278$1,041$675
19 years$2,151$1,760$1,430$1,155$927$584
20 years$2,022$1,635$1,312$1,046$828$506
21 years$1,906$1,523$1,207$949$741$440
22 years$1,800$1,422$1,112$863$664$382
23 years$1,703$1,330$1,027$786$596$333
24 years$1,615$1,246$950$717$536$290
25 years$1,534$1,169$880$655$482$252
26 years$1,459$1,099$816$599$435$220
27 years$1,390$1,034$758$548$392$192
28 years$1,326$975$704$502$354$168
29 years$1,267$919$655$460$319$147
30 years$1,211$868$611$422$288$128
31 years$1,159$821$569$388$261$112
32 years$1,111$777$531$357$236$98
33 years$1,066$735$496$328$213$86
34 years$1,023$697$463$302$193$75
35 years$983$661$433$278$175$66
36 years$945$628$405$256$159$57
37 years$909$596$379$236$144$50
38 years$876$566$355$217$130$44
39 years$844$539$333$200$118$39
40 years$813$512$312$185$107$34
41 years$785$488$292$170$97$30
42 years$758$465$274$157$88$26
43 years$732$443$257$145$80$23
44 years$707$422$242$134$73$20
45 years$683$402$227$124$66$17
46 years$661$384$213$114$60$15
47 years$640$366$200$106$54$13
48 years$619$350$188$98$49$12
49 years$600$334$177$90$45$10
50 years$581$319$166$83$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $595,000, adding $3,386 every year, while hoping to spend $21,484 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: 75/19/6 Blend
56$595,000$595,000$595,000$595,000
57$659,183$627,648$618,425$707,953
58$703,560$635,544$616,284$748,386
59$751,745$643,106$613,350$789,599
60$804,101$650,297$609,576$834,136
61$861,032$657,074$604,909$882,318
62$922,979$663,392$599,295$934,498
63$990,430$669,206$592,679$991,066
64$1,063,920$674,463$584,999$1,052,451
65$1,144,038$679,110$576,196$1,119,125
66$1,231,434$683,090$566,202$1,191,610
67$1,326,822$686,343$554,951$1,270,479
68$1,430,987$688,803$542,371$1,356,366
69$1,544,795$690,402$528,388$1,449,966
70$1,669,198$691,066$512,924$1,552,048
71$1,805,247$690,719$495,897$1,663,458
72$1,954,094$689,276$477,222$1,785,130
73$2,117,013$686,651$456,809$1,918,091
74$2,295,402$682,752$434,567$2,063,474
75$2,490,805$677,478$410,396$2,222,528
76$2,704,918$670,726$384,196$2,396,630
77$2,939,613$662,385$355,860$2,587,296
78$3,196,949$652,337$325,276$2,796,199
79$3,479,194$640,458$292,329$3,025,181
80$3,788,847$626,615$256,898$3,276,274
81$4,128,660$610,670$218,854$3,551,718
82$4,501,664$592,474$178,067$3,853,979
83$4,911,199$571,870$134,398$4,185,779
84$5,360,944$548,694$87,702$4,550,115
85$5,854,949$522,769$37,829$4,950,292
86$6,397,679$493,911$0$5,389,954
87$6,994,052$461,922$0$5,874,100
88$7,649,485$426,596$0$6,408,821
89$8,369,947$387,713$0$6,996,579
90$9,162,012$345,042$0$7,642,765
91$10,032,926$298,337$0$8,353,316
92$10,990,668$247,340$0$9,134,778
93$12,044,034$191,777$0$9,994,364
94$13,202,711$131,359$0$10,940,024
95$14,477,374$65,782$0$11,980,519
96$15,879,784$0$0$13,125,507
97$17,422,900$0$0$14,386,733
98$19,121,000$0$0$15,789,794
99$20,989,816$0$0$17,333,939
100$23,046,684$0$0$19,033,494