Can I retire at age 57 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$41,042$40,676$40,320$39,971$39,631$38,440
2 years$20,318$19,939$19,573$19,217$18,872$17,682
3 years$13,411$13,031$12,665$12,313$11,973$10,821
4 years$9,958$9,579$9,217$8,870$8,539$7,435
5 years$7,887$7,510$7,153$6,813$6,492$5,437
6 years$6,506$6,132$5,780$5,449$5,137$4,133
7 years$5,521$5,150$4,803$4,480$4,177$3,225
8 years$4,782$4,415$4,074$3,758$3,466$2,564
9 years$4,207$3,844$3,509$3,201$2,918$2,067
10 years$3,748$3,388$3,059$2,759$2,487$1,683
11 years$3,373$3,016$2,693$2,401$2,139$1,382
12 years$3,060$2,707$2,390$2,106$1,853$1,142
13 years$2,796$2,446$2,135$1,860$1,616$949
14 years$2,569$2,224$1,919$1,651$1,417$792
15 years$2,373$2,031$1,732$1,472$1,247$663
16 years$2,202$1,864$1,571$1,318$1,102$556
17 years$2,051$1,716$1,429$1,184$977$468
18 years$1,917$1,586$1,305$1,067$869$395
19 years$1,797$1,470$1,194$964$775$333
20 years$1,689$1,366$1,096$873$692$282
21 years$1,592$1,272$1,008$793$619$239
22 years$1,503$1,188$929$721$555$202
23 years$1,423$1,111$858$656$498$171
24 years$1,349$1,041$793$599$448$145
25 years$1,281$977$735$547$403$123
26 years$1,219$918$682$500$363$105
27 years$1,161$864$633$458$327$89
28 years$1,108$814$588$419$295$76
29 years$1,058$768$548$384$267$64
30 years$1,012$725$510$353$241$55
31 years$968$686$475$324$218$47
32 years$928$649$444$298$197$40
33 years$890$614$414$274$178$34
34 years$854$582$387$252$161$29
35 years$821$552$362$232$146$24
36 years$789$524$338$214$132$21
37 years$760$498$317$197$120$18
38 years$731$473$297$181$109$15
39 years$705$450$278$167$99$13
40 years$679$428$261$154$90$11
41 years$656$407$244$142$81$9
42 years$633$388$229$131$74$8
43 years$611$370$215$121$67$7
44 years$591$352$202$112$61$6
45 years$571$336$190$103$55$5
46 years$552$321$178$96$50$4
47 years$534$306$167$88$45$4
48 years$517$292$157$82$41$3
49 years$501$279$148$75$37$3
50 years$485$266$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $497,000, adding $5,590 every year, while hoping to spend $21,329 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: 53/36/11 Blend
56$497,000$497,000$497,000$497,000
57$553,460$527,119$519,416$580,930
58$587,219$530,254$514,122$603,375
59$623,707$532,828$507,936$625,009
60$663,179$534,790$500,806$648,049
61$705,916$536,088$492,676$672,633
62$752,228$536,665$483,490$698,915
63$802,455$536,461$473,186$727,063
64$856,970$535,412$461,703$757,264
65$916,185$533,451$448,973$789,727
66$980,551$530,506$434,929$824,678
67$1,050,566$526,500$419,499$862,374
68$1,126,778$521,353$402,606$903,093
69$1,209,789$514,978$384,173$947,147
70$1,300,262$507,286$364,117$994,879
71$1,398,925$498,180$342,351$1,046,669
72$1,506,583$487,558$318,787$1,102,938
73$1,624,117$475,311$293,330$1,164,150
74$1,752,502$461,327$265,881$1,230,819
75$1,892,809$445,483$236,339$1,303,513
76$2,046,215$427,651$204,596$1,382,860
77$2,214,019$407,697$170,541$1,469,554
78$2,397,651$385,476$134,056$1,564,364
79$2,598,684$360,836$95,019$1,668,137
80$2,818,851$333,619$53,304$1,781,811
81$3,060,061$303,653$8,777$1,906,420
82$3,324,416$270,761$0$2,043,110
83$3,614,230$234,751$0$2,197,691
84$3,932,052$195,426$0$2,368,408
85$4,280,692$152,572$0$2,555,790
86$4,663,241$105,966$0$2,761,558
87$5,083,107$55,374$0$2,987,614
88$5,544,042$545$0$3,236,055
89$6,050,179$0$0$3,509,195
90$6,606,073$0$0$3,832,877
91$7,216,739$0$0$4,188,741
92$7,887,705$0$0$4,579,797
93$8,625,056$0$0$5,009,602
94$9,435,501$0$0$5,482,070
95$10,326,428$0$0$6,001,516
96$11,305,978$0$0$6,572,695
97$12,383,118$0$0$7,200,844
98$13,567,731$0$0$7,891,732
99$14,870,702$0$0$8,651,717
100$16,304,027$0$0$9,487,805