Can I retire at age 57 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$49,547$49,106$48,676$48,255$47,845$46,879
2 years$24,528$24,072$23,629$23,200$22,783$21,814
3 years$16,190$15,731$15,289$14,864$14,455$13,513
4 years$12,021$11,564$11,127$10,709$10,309$9,402
5 years$9,521$9,066$8,635$8,225$7,837$6,967
6 years$7,855$7,403$6,978$6,578$6,201$5,369
7 years$6,665$6,217$5,799$5,408$5,043$4,249
8 years$5,773$5,329$4,918$4,537$4,184$3,428
9 years$5,079$4,640$4,236$3,864$3,523$2,805
10 years$4,525$4,090$3,693$3,331$3,002$2,320
11 years$4,072$3,641$3,251$2,899$2,582$1,936
12 years$3,694$3,268$2,885$2,543$2,237$1,626
13 years$3,375$2,953$2,578$2,245$1,951$1,374
14 years$3,102$2,685$2,316$1,993$1,710$1,166
15 years$2,865$2,452$2,091$1,777$1,506$993
16 years$2,658$2,250$1,896$1,591$1,331$849
17 years$2,476$2,072$1,725$1,430$1,180$727
18 years$2,314$1,915$1,575$1,289$1,049$625
19 years$2,169$1,775$1,442$1,164$935$537
20 years$2,039$1,649$1,323$1,054$835$463
21 years$1,922$1,536$1,217$957$748$400
22 years$1,815$1,434$1,122$870$670$345
23 years$1,718$1,341$1,036$792$601$299
24 years$1,629$1,256$958$723$541$258
25 years$1,547$1,179$887$660$486$224
26 years$1,472$1,108$823$604$438$194
27 years$1,402$1,043$764$552$395$168
28 years$1,337$983$710$506$356$146
29 years$1,277$927$661$464$322$127
30 years$1,221$876$616$426$291$110
31 years$1,169$828$574$391$263$96
32 years$1,120$783$536$360$238$83
33 years$1,075$742$500$331$215$72
34 years$1,032$703$467$304$195$63
35 years$991$667$437$280$177$54
36 years$953$633$409$258$160$47
37 years$917$601$382$238$145$41
38 years$883$571$358$219$131$36
39 years$851$543$336$202$119$31
40 years$820$517$315$186$108$27
41 years$791$492$295$172$98$24
42 years$764$468$277$159$89$21
43 years$738$446$260$146$81$18
44 years$713$425$244$135$73$16
45 years$689$406$229$125$67$14
46 years$667$387$215$115$60$12
47 years$645$369$202$107$55$10
48 years$624$353$190$98$50$9
49 years$605$337$178$91$45$8
50 years$586$322$168$84$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $600,000, adding $2,230 every year, while hoping to spend $20,477 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: 37/38/25 Blend
56$600,000$600,000$600,000$600,000
57$663,500$631,700$622,400$683,008
58$709,390$640,866$621,463$706,690
59$759,274$649,795$619,809$730,206
60$813,538$658,453$617,391$755,204
61$872,607$666,806$614,161$781,831
62$936,948$674,814$610,071$810,249
63$1,007,075$682,438$605,066$840,639
64$1,083,553$689,634$599,092$873,199
65$1,167,006$696,356$592,092$908,151
66$1,258,118$702,555$584,004$945,737
67$1,357,643$708,178$574,766$986,229
68$1,466,413$713,169$564,311$1,029,926
69$1,585,342$717,469$552,570$1,077,159
70$1,715,436$721,014$539,470$1,128,294
71$1,857,804$723,737$524,936$1,183,738
72$2,013,666$725,566$508,888$1,243,939
73$2,184,367$726,426$491,242$1,309,392
74$2,371,387$726,235$471,913$1,380,648
75$2,576,355$724,907$450,809$1,458,313
76$2,801,067$722,352$427,835$1,543,058
77$3,047,500$718,471$402,892$1,635,625
78$3,317,833$713,164$375,877$1,736,834
79$3,614,463$706,320$346,680$1,847,593
80$3,940,033$697,825$315,189$1,968,903
81$4,297,454$687,556$281,284$2,101,873
82$4,689,931$675,382$244,844$2,247,724
83$5,120,996$661,168$205,738$2,407,810
84$5,594,539$644,767$163,832$2,583,623
85$6,114,847$626,025$118,985$2,776,815
86$6,686,640$604,779$71,050$2,989,206
87$7,315,121$580,857$19,874$3,222,810
88$8,006,019$554,075$0$3,479,849
89$8,765,650$524,241$0$3,772,045
90$9,600,967$491,150$0$4,099,099
91$10,519,635$454,587$0$4,458,743
92$11,530,098$414,321$0$4,854,329
93$12,641,658$370,113$0$5,289,552
94$13,864,565$321,706$0$5,768,491
95$15,210,112$268,831$0$6,295,642
96$16,690,743$211,204$0$6,875,964
97$18,320,168$148,522$0$7,514,928
98$20,113,495$80,469$0$8,218,566
99$22,087,367$6,708$0$8,993,530
100$24,260,127$0$0$9,847,158