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%15.6%
1 years$49,547$49,106$48,676$48,255$47,845$46,745
2 years$24,528$24,072$23,629$23,200$22,783$21,681
3 years$16,190$15,731$15,289$14,864$14,455$13,385
4 years$12,021$11,564$11,127$10,709$10,309$9,280
5 years$9,521$9,066$8,635$8,225$7,837$6,851
6 years$7,855$7,403$6,978$6,578$6,201$5,260
7 years$6,665$6,217$5,799$5,408$5,043$4,146
8 years$5,773$5,329$4,918$4,537$4,184$3,331
9 years$5,079$4,640$4,236$3,864$3,523$2,714
10 years$4,525$4,090$3,693$3,331$3,002$2,236
11 years$4,072$3,641$3,251$2,899$2,582$1,857
12 years$3,694$3,268$2,885$2,543$2,237$1,553
13 years$3,375$2,953$2,578$2,245$1,951$1,306
14 years$3,102$2,685$2,316$1,993$1,710$1,103
15 years$2,865$2,452$2,091$1,777$1,506$935
16 years$2,658$2,250$1,896$1,591$1,331$795
17 years$2,476$2,072$1,725$1,430$1,180$678
18 years$2,314$1,915$1,575$1,289$1,049$579
19 years$2,169$1,775$1,442$1,164$935$496
20 years$2,039$1,649$1,323$1,054$835$425
21 years$1,922$1,536$1,217$957$748$365
22 years$1,815$1,434$1,122$870$670$313
23 years$1,718$1,341$1,036$792$601$270
24 years$1,629$1,256$958$723$541$232
25 years$1,547$1,179$887$660$486$200
26 years$1,472$1,108$823$604$438$172
27 years$1,402$1,043$764$552$395$149
28 years$1,337$983$710$506$356$128
29 years$1,277$927$661$464$322$111
30 years$1,221$876$616$426$291$95
31 years$1,169$828$574$391$263$82
32 years$1,120$783$536$360$238$71
33 years$1,075$742$500$331$215$62
34 years$1,032$703$467$304$195$53
35 years$991$667$437$280$177$46
36 years$953$633$409$258$160$40
37 years$917$601$382$238$145$34
38 years$883$571$358$219$131$30
39 years$851$543$336$202$119$26
40 years$820$517$315$186$108$22
41 years$791$492$295$172$98$19
42 years$764$468$277$159$89$17
43 years$738$446$260$146$81$14
44 years$713$425$244$135$73$12
45 years$689$406$229$125$67$11
46 years$667$387$215$115$60$9
47 years$645$369$202$107$55$8
48 years$624$353$190$98$50$7
49 years$605$337$178$91$45$6
50 years$586$322$168$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $600,000, adding $2,290 every year, while hoping to spend $44,402 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: 44/45/11 Blend
56$600,000$600,000$600,000$600,000
57$663,562$631,762$622,462$690,569
58$684,002$615,475$596,071$693,294
59$705,039$596,902$567,308$691,562
60$726,686$575,883$536,046$688,691
61$748,958$552,252$502,154$684,594
62$771,869$525,829$465,493$679,177
63$795,431$496,426$425,919$672,343
64$819,659$463,846$383,281$663,986
65$844,566$427,876$337,423$653,997
66$870,165$388,294$288,179$642,257
67$896,467$344,866$235,379$628,642
68$923,485$297,343$178,842$613,021
69$951,229$245,461$118,382$595,253
70$979,710$188,945$53,803$575,190
71$1,008,937$127,499$0$552,676
72$1,038,918$60,816$0$529,318
73$1,069,659$0$0$510,020
74$1,101,167$0$0$493,962
75$1,133,444$0$0$508,353
76$1,166,492$0$0$523,079
77$1,200,310$0$0$538,137
78$1,234,895$0$0$553,524
79$1,270,241$0$0$569,237
80$1,306,337$0$0$585,269
81$1,343,171$0$0$601,613
82$1,380,725$0$0$618,257
83$1,418,976$0$0$635,191
84$1,457,898$0$0$652,399
85$1,497,457$0$0$669,864
86$1,537,613$0$0$687,563
87$1,578,319$0$0$705,474
88$1,619,518$0$0$723,566
89$1,661,146$0$0$741,807
90$1,703,128$0$0$760,158
91$1,745,378$0$0$778,576
92$1,787,795$0$0$797,010
93$1,830,268$0$0$815,404
94$1,872,666$0$0$833,692
95$1,914,844$0$0$851,802
96$1,956,635$0$0$869,651
97$1,997,854$0$0$887,146
98$2,038,288$0$0$904,182
99$2,077,701$0$0$920,642
100$2,115,827$0$0$936,395