Can I retire at age 57 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$50,786$50,334$49,892$49,462$49,041$47,778
2 years$25,142$24,673$24,220$23,780$23,353$22,089
3 years$16,595$16,124$15,672$15,236$14,816$13,590
4 years$12,322$11,853$11,405$10,977$10,567$9,389
5 years$9,759$9,293$8,851$8,431$8,033$6,906
6 years$8,051$7,588$7,153$6,742$6,356$5,282
7 years$6,831$6,373$5,944$5,543$5,169$4,147
8 years$5,917$5,463$5,041$4,650$4,288$3,318
9 years$5,206$4,756$4,342$3,961$3,611$2,693
10 years$4,638$4,192$3,785$3,414$3,077$2,208
11 years$4,173$3,732$3,332$2,971$2,646$1,826
12 years$3,787$3,350$2,957$2,606$2,293$1,520
13 years$3,459$3,027$2,642$2,301$2,000$1,272
14 years$3,179$2,752$2,374$2,043$1,753$1,070
15 years$2,937$2,514$2,144$1,822$1,544$902
16 years$2,725$2,306$1,943$1,631$1,364$763
17 years$2,538$2,124$1,768$1,466$1,210$648
18 years$2,372$1,963$1,614$1,321$1,075$550
19 years$2,224$1,819$1,478$1,193$959$469
20 years$2,090$1,690$1,356$1,081$856$400
21 years$1,970$1,574$1,248$981$766$341
22 years$1,860$1,470$1,150$892$687$291
23 years$1,761$1,375$1,062$812$617$249
24 years$1,669$1,288$982$741$554$213
25 years$1,586$1,209$909$677$499$183
26 years$1,508$1,136$843$619$449$157
27 years$1,437$1,069$783$566$405$134
28 years$1,371$1,007$728$519$365$115
29 years$1,309$950$678$476$330$99
30 years$1,252$897$631$437$298$85
31 years$1,198$848$588$401$270$73
32 years$1,148$803$549$369$244$63
33 years$1,101$760$513$339$221$54
34 years$1,057$721$479$312$200$46
35 years$1,016$683$448$287$181$40
36 years$977$649$419$264$164$34
37 years$940$616$392$244$149$29
38 years$905$585$367$225$135$25
39 years$872$557$344$207$122$22
40 years$841$530$322$191$111$19
41 years$811$504$302$176$101$16
42 years$783$480$284$163$91$14
43 years$756$458$266$150$83$12
44 years$731$436$250$139$75$10
45 years$706$416$235$128$68$9
46 years$683$397$220$118$62$8
47 years$661$379$207$109$56$6
48 years$640$361$194$101$51$6
49 years$620$345$183$93$46$5
50 years$600$330$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $615,000, adding $4,136 every year, while hoping to spend $20,749 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: 35/38/27 Blend
56$615,000$615,000$615,000$615,000
57$681,996$649,401$639,869$700,192
58$729,483$659,145$639,228$723,882
59$781,118$668,671$637,870$747,260
60$837,303$677,946$635,749$772,082
61$898,478$686,936$632,817$798,489
62$965,130$695,604$629,023$826,642
63$1,037,794$703,908$624,316$856,715
64$1,117,057$711,808$618,638$888,903
65$1,203,567$719,257$611,933$923,421
66$1,298,037$726,207$604,139$960,508
67$1,401,252$732,606$595,193$1,000,429
68$1,514,075$738,399$585,028$1,043,476
69$1,637,458$743,528$573,574$1,089,973
70$1,772,448$747,930$560,758$1,140,280
71$1,920,198$751,539$546,503$1,194,792
72$2,081,978$754,284$530,731$1,253,949
73$2,259,186$756,090$513,356$1,318,238
74$2,453,362$756,877$494,292$1,388,196
75$2,666,201$756,561$473,448$1,464,417
76$2,899,572$755,051$450,726$1,547,561
77$3,155,531$752,251$426,029$1,638,354
78$3,436,344$748,061$399,250$1,737,600
79$3,744,508$742,372$370,281$1,846,189
80$4,082,770$735,071$339,008$1,965,104
81$4,454,159$726,036$305,311$2,095,432
82$4,862,011$715,139$269,067$2,238,373
83$5,309,999$702,244$230,144$2,395,253
84$5,802,173$687,207$188,407$2,567,540
85$6,342,990$669,876$143,715$2,756,852
86$6,937,365$650,090$95,918$2,964,979
87$7,590,708$627,676$44,864$3,193,898
88$8,308,983$602,455$0$3,445,790
89$9,098,758$574,235$0$3,725,839
90$9,967,272$542,812$0$4,047,907
91$10,922,498$507,975$0$4,402,046
92$11,973,222$469,495$0$4,791,554
93$13,129,124$427,133$0$5,220,068
94$14,400,868$380,636$0$5,691,602
95$15,800,207$329,737$0$6,210,579
96$17,340,087$274,154$0$6,781,882
97$19,034,775$213,587$0$7,410,892
98$20,899,991$147,721$0$8,103,548
99$22,953,054$76,223$0$8,866,395
100$25,213,049$0$0$9,706,654