Can I retire at age 57 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$50,043$49,597$49,162$48,738$48,323$46,646
2 years$24,774$24,312$23,865$23,432$23,011$21,338
3 years$16,352$15,888$15,442$15,013$14,599$12,984
4 years$12,142$11,680$11,238$10,816$10,412$8,867
5 years$9,616$9,157$8,721$8,308$7,915$6,443
6 years$7,933$7,477$7,048$6,644$6,263$4,866
7 years$6,731$6,279$5,857$5,462$5,094$3,771
8 years$5,830$5,383$4,967$4,582$4,226$2,977
9 years$5,130$4,687$4,278$3,903$3,559$2,382
10 years$4,570$4,131$3,730$3,364$3,032$1,925
11 years$4,112$3,678$3,284$2,928$2,608$1,569
12 years$3,731$3,301$2,914$2,568$2,260$1,286
13 years$3,409$2,983$2,604$2,267$1,971$1,060
14 years$3,133$2,711$2,339$2,013$1,727$877
15 years$2,894$2,477$2,112$1,795$1,521$728
16 years$2,685$2,273$1,915$1,607$1,344$606
17 years$2,501$2,093$1,743$1,444$1,192$505
18 years$2,337$1,934$1,591$1,301$1,060$422
19 years$2,191$1,792$1,456$1,176$945$353
20 years$2,060$1,666$1,336$1,065$844$296
21 years$1,941$1,551$1,229$967$755$248
22 years$1,833$1,448$1,133$879$677$208
23 years$1,735$1,354$1,046$800$608$175
24 years$1,645$1,269$967$730$546$147
25 years$1,562$1,191$896$667$491$124
26 years$1,486$1,119$831$610$443$104
27 years$1,416$1,053$772$558$399$88
28 years$1,351$993$717$511$360$74
29 years$1,290$936$668$469$325$62
30 years$1,234$884$622$430$294$52
31 years$1,181$836$580$395$266$44
32 years$1,132$791$541$363$240$37
33 years$1,085$749$505$334$217$31
34 years$1,042$710$472$307$197$26
35 years$1,001$673$441$283$178$22
36 years$962$639$413$260$162$19
37 years$926$607$386$240$146$16
38 years$892$577$362$221$133$13
39 years$859$549$339$204$120$11
40 years$828$522$318$188$109$9
41 years$799$497$298$174$99$8
42 years$772$473$279$160$90$7
43 years$745$451$262$148$82$6
44 years$720$430$246$137$74$5
45 years$696$410$231$126$67$4
46 years$673$391$217$116$61$3
47 years$651$373$204$108$55$3
48 years$631$356$192$99$50$2
49 years$611$340$180$92$46$2
50 years$592$325$169$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $606,000, adding $6,895 every year, while hoping to spend $34,882 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: 49/21/30 Blend
56$606,000$606,000$606,000$606,000
57$674,924$642,806$633,413$701,939
58$706,652$637,190$617,518$716,016
59$740,448$630,129$599,922$727,336
60$776,484$621,516$580,530$738,970
61$814,952$611,237$559,245$750,965
62$856,061$599,171$535,963$763,377
63$900,040$585,191$510,578$776,268
64$947,139$569,160$482,978$789,707
65$997,634$550,936$453,044$803,777
66$1,051,827$530,366$420,656$818,569
67$1,110,049$507,290$385,684$834,187
68$1,172,665$481,538$347,995$850,748
69$1,240,073$452,930$307,449$868,386
70$1,312,712$421,275$263,900$887,250
71$1,391,064$386,373$217,196$907,509
72$1,475,659$348,011$167,179$929,352
73$1,567,077$305,965$113,680$952,994
74$1,665,959$259,997$56,528$978,673
75$1,773,006$209,856$0$1,006,656
76$1,888,991$155,278$0$1,038,675
77$2,014,764$95,982$0$1,093,037
78$2,151,258$31,673$0$1,152,069
79$2,299,501$0$0$1,216,257
80$2,460,621$0$0$1,294,908
81$2,635,864$0$0$1,388,471
82$2,826,595$0$0$1,490,365
83$3,034,319$0$0$1,601,400
84$3,260,693$0$0$1,722,469
85$3,507,539$0$0$1,854,556
86$3,776,862$0$0$1,998,743
87$4,070,869$0$0$2,156,220
88$4,391,992$0$0$2,328,297
89$4,742,905$0$0$2,516,420
90$5,126,554$0$0$2,722,176
91$5,546,180$0$0$2,947,315
92$6,005,355$0$0$3,193,763
93$6,508,010$0$0$3,463,643
94$7,058,474$0$0$3,759,291
95$7,661,515$0$0$4,083,278
96$8,322,384$0$0$4,438,439
97$9,046,861$0$0$4,827,895
98$9,841,317$0$0$5,255,082
99$10,712,764$0$0$5,723,787
100$11,668,930$0$0$6,238,180