Can I retire at age 57 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$51,282$50,825$50,379$49,944$49,519$47,839
2 years$25,387$24,914$24,456$24,012$23,581$21,904
3 years$16,757$16,282$15,825$15,384$14,961$13,341
4 years$12,442$11,969$11,516$11,084$10,670$9,120
5 years$9,854$9,384$8,937$8,513$8,111$6,634
6 years$8,129$7,662$7,222$6,808$6,418$5,016
7 years$6,898$6,435$6,002$5,597$5,220$3,892
8 years$5,975$5,516$5,090$4,695$4,330$3,076
9 years$5,257$4,803$4,384$4,000$3,647$2,464
10 years$4,683$4,233$3,822$3,448$3,107$1,994
11 years$4,214$3,769$3,365$3,000$2,672$1,627
12 years$3,824$3,383$2,986$2,632$2,316$1,336
13 years$3,493$3,057$2,668$2,323$2,019$1,102
14 years$3,210$2,779$2,397$2,063$1,770$913
15 years$2,965$2,538$2,164$1,839$1,559$759
16 years$2,751$2,329$1,962$1,647$1,377$633
17 years$2,563$2,145$1,786$1,480$1,221$528
18 years$2,395$1,982$1,630$1,334$1,086$442
19 years$2,245$1,837$1,492$1,205$968$371
20 years$2,111$1,707$1,370$1,091$865$311
21 years$1,989$1,590$1,260$991$774$261
22 years$1,879$1,484$1,161$901$694$220
23 years$1,778$1,388$1,072$820$623$185
24 years$1,686$1,300$991$748$560$156
25 years$1,601$1,220$918$683$504$131
26 years$1,523$1,147$852$625$454$110
27 years$1,451$1,079$791$572$409$93
28 years$1,384$1,017$735$524$369$78
29 years$1,322$960$684$480$333$66
30 years$1,264$906$637$441$301$56
31 years$1,210$857$594$405$272$47
32 years$1,160$811$554$372$246$40
33 years$1,112$768$518$342$223$34
34 years$1,068$728$484$315$202$28
35 years$1,026$690$452$290$183$24
36 years$986$655$423$267$166$20
37 years$949$622$396$246$150$17
38 years$914$591$371$227$136$14
39 years$881$562$347$209$123$12
40 years$849$535$326$193$112$10
41 years$819$509$305$178$102$9
42 years$791$485$286$164$92$7
43 years$764$462$269$152$84$6
44 years$738$440$252$140$76$5
45 years$713$420$237$129$69$4
46 years$690$401$222$119$63$4
47 years$668$382$209$110$57$3
48 years$646$365$196$102$52$3
49 years$626$349$185$94$47$2
50 years$606$333$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $621,000, adding $3,204 every year, while hoping to spend $43,541 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: 87/7/6 Blend
56$621,000$621,000$621,000$621,000
57$687,647$654,734$645,108$747,044
58$711,460$640,489$620,392$771,970
59$736,242$624,086$593,389$792,988
60$762,047$605,374$563,975$814,672
61$788,931$584,193$532,024$837,056
62$816,956$560,372$497,401$860,179
63$846,187$533,732$459,965$884,083
64$876,696$504,083$419,572$908,811
65$908,559$471,223$376,067$934,414
66$941,858$434,940$329,293$960,946
67$976,684$395,008$279,080$988,465
68$1,013,133$351,191$225,257$1,017,037
69$1,051,311$303,237$167,640$1,046,732
70$1,091,329$250,880$106,041$1,077,629
71$1,133,312$193,841$40,261$1,109,812
72$1,177,393$131,822$0$1,143,375
73$1,223,718$64,512$0$1,180,338
74$1,272,445$0$0$1,221,773
75$1,323,744$0$0$1,265,888
76$1,377,803$0$0$1,317,615
77$1,434,827$0$0$1,372,180
78$1,495,036$0$0$1,429,796
79$1,558,673$0$0$1,490,696
80$1,626,001$0$0$1,555,131
81$1,697,311$0$0$1,623,379
82$1,772,915$0$0$1,695,741
83$1,853,160$0$0$1,772,548
84$1,938,420$0$0$1,854,160
85$2,029,109$0$0$1,940,972
86$2,125,676$0$0$2,033,416
87$2,228,616$0$0$2,131,965
88$2,338,469$0$0$2,237,137
89$2,455,826$0$0$2,349,499
90$2,581,337$0$0$2,469,674
91$2,715,713$0$0$2,598,343
92$2,859,734$0$0$2,736,255
93$3,014,257$0$0$2,884,229
94$3,180,220$0$0$3,043,166
95$3,358,654$0$0$3,214,054
96$3,550,691$0$0$3,397,978
97$3,757,574$0$0$3,596,129
98$3,980,667$0$0$3,809,816
99$4,221,470$0$0$4,040,475
100$4,481,631$0$0$4,289,687