Can I retire at age 57 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$49,795$49,352$48,919$48,497$48,084$46,195
2 years$24,651$24,192$23,747$23,316$22,897$21,017
3 years$16,271$15,810$15,366$14,939$14,527$12,715
4 years$12,081$11,622$11,182$10,762$10,361$8,630
5 years$9,569$9,112$8,678$8,267$7,876$6,232
6 years$7,894$7,440$7,013$6,611$6,232$4,676
7 years$6,698$6,248$5,828$5,435$5,068$3,599
8 years$5,802$5,356$4,943$4,559$4,205$2,821
9 years$5,105$4,663$4,257$3,884$3,541$2,240
10 years$4,548$4,111$3,711$3,348$3,017$1,797
11 years$4,092$3,659$3,267$2,913$2,595$1,453
12 years$3,713$3,284$2,900$2,556$2,249$1,182
13 years$3,392$2,968$2,591$2,256$1,961$966
14 years$3,117$2,698$2,328$2,003$1,719$792
15 years$2,879$2,465$2,102$1,786$1,513$652
16 years$2,672$2,261$1,905$1,599$1,338$538
17 years$2,488$2,083$1,734$1,437$1,186$445
18 years$2,326$1,924$1,583$1,295$1,054$368
19 years$2,180$1,783$1,449$1,170$940$305
20 years$2,049$1,657$1,330$1,060$840$254
21 years$1,931$1,544$1,223$962$751$211
22 years$1,824$1,441$1,127$874$673$175
23 years$1,726$1,348$1,041$796$605$146
24 years$1,637$1,263$963$726$543$121
25 years$1,555$1,185$892$663$489$101
26 years$1,479$1,114$827$607$440$84
27 years$1,409$1,048$768$555$397$70
28 years$1,344$988$714$509$358$59
29 years$1,284$932$664$466$324$49
30 years$1,227$880$619$428$292$41
31 years$1,175$832$577$393$264$34
32 years$1,126$787$538$361$239$28
33 years$1,080$745$503$332$216$24
34 years$1,037$706$470$306$196$20
35 years$996$670$439$281$177$16
36 years$958$636$411$259$161$14
37 years$922$604$384$239$146$11
38 years$887$574$360$220$132$10
39 years$855$546$337$203$120$8
40 years$824$519$316$187$109$7
41 years$795$494$296$173$99$6
42 years$768$471$278$159$89$5
43 years$741$449$261$147$81$4
44 years$716$428$245$136$74$3
45 years$693$408$230$125$67$3
46 years$670$389$216$116$61$2
47 years$648$371$203$107$55$2
48 years$628$354$191$99$50$2
49 years$608$338$179$91$45$1
50 years$589$323$168$85$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $603,000, adding $2,964 every year, while hoping to spend $29,241 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: 66/25/9 Blend
56$603,000$603,000$603,000$603,000
57$667,563$635,604$626,258$710,218
58$704,543$635,637$616,125$739,002
59$744,314$634,691$604,673$766,696
60$787,131$632,687$591,827$796,201
61$833,272$629,543$577,507$827,690
62$883,044$625,169$561,632$861,355
63$936,784$619,472$544,116$897,409
64$994,860$612,350$524,868$936,086
65$1,057,680$603,700$503,795$977,645
66$1,125,690$593,408$480,799$1,022,373
67$1,199,381$581,355$455,776$1,070,585
68$1,279,293$567,416$428,620$1,122,632
69$1,366,019$551,458$399,217$1,178,900
70$1,460,213$533,340$367,451$1,239,817
71$1,562,593$512,911$333,198$1,305,854
72$1,673,949$490,015$296,332$1,377,533
73$1,795,150$464,485$256,718$1,455,430
74$1,927,154$436,142$214,216$1,540,181
75$2,071,011$404,802$168,680$1,632,490
76$2,227,882$370,265$119,959$1,733,134
77$2,399,041$332,323$67,892$1,842,969
78$2,585,892$290,755$12,315$1,962,945
79$2,789,979$245,328$0$2,094,106
80$3,013,003$195,795$0$2,242,123
81$3,256,837$141,897$0$2,405,313
82$3,523,542$83,357$0$2,583,920
83$3,815,388$19,886$0$2,779,518
84$4,134,873$0$0$2,993,846
85$4,484,752$0$0$3,242,250
86$4,868,054$0$0$3,520,416
87$5,288,117$0$0$3,825,299
88$5,748,617$0$0$4,159,573
89$6,253,604$0$0$4,526,183
90$6,807,536$0$0$4,928,370
91$7,415,325$0$0$5,369,706
92$8,082,382$0$0$5,854,126
93$8,814,665$0$0$6,385,963
94$9,618,739$0$0$6,969,990
95$10,501,835$0$0$7,611,468
96$11,471,920$0$0$8,316,188
97$12,537,768$0$0$9,090,533
98$13,709,049$0$0$9,941,532
99$14,996,411$0$0$10,876,933
100$16,411,589$0$0$11,905,267