Can I retire at age 57 with 499,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$41,207$40,840$40,482$40,132$39,791$39,035
2 years$20,399$20,020$19,651$19,294$18,948$18,190
3 years$13,465$13,083$12,716$12,362$12,021$11,284
4 years$9,998$9,617$9,254$8,906$8,574$7,863
5 years$7,918$7,540$7,181$6,841$6,518$5,836
6 years$6,532$6,157$5,804$5,471$5,157$4,505
7 years$5,543$5,171$4,823$4,498$4,194$3,571
8 years$4,801$4,432$4,090$3,773$3,479$2,886
9 years$4,224$3,859$3,523$3,214$2,930$2,366
10 years$3,763$3,402$3,071$2,770$2,497$1,960
11 years$3,386$3,028$2,704$2,411$2,147$1,639
12 years$3,072$2,718$2,400$2,115$1,861$1,380
13 years$2,807$2,456$2,144$1,867$1,623$1,168
14 years$2,580$2,233$1,926$1,657$1,422$993
15 years$2,383$2,040$1,739$1,478$1,252$848
16 years$2,211$1,871$1,577$1,323$1,107$726
17 years$2,059$1,723$1,435$1,189$981$623
18 years$1,924$1,592$1,310$1,072$873$536
19 years$1,804$1,476$1,199$968$778$463
20 years$1,696$1,371$1,100$877$695$400
21 years$1,598$1,277$1,012$796$622$346
22 years$1,509$1,192$933$724$557$299
23 years$1,429$1,115$861$659$500$259
24 years$1,355$1,045$797$601$450$225
25 years$1,286$981$738$549$405$195
26 years$1,224$922$684$502$364$170
27 years$1,166$867$635$459$329$148
28 years$1,112$817$591$421$296$128
29 years$1,062$771$550$386$268$112
30 years$1,016$728$512$354$242$97
31 years$972$688$477$325$219$85
32 years$932$651$445$299$198$74
33 years$894$617$416$275$179$64
34 years$858$585$389$253$162$56
35 years$824$554$363$233$147$49
36 years$793$526$340$214$133$43
37 years$763$500$318$198$121$37
38 years$734$475$298$182$109$32
39 years$708$452$279$168$99$28
40 years$682$430$262$155$90$25
41 years$658$409$245$143$82$21
42 years$635$390$230$132$74$19
43 years$614$371$216$122$67$16
44 years$593$354$203$112$61$14
45 years$573$337$190$104$55$12
46 years$554$322$179$96$50$11
47 years$536$307$168$89$46$9
48 years$519$293$158$82$41$8
49 years$503$280$148$76$38$7
50 years$487$268$139$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $499,000, adding $2,526 every year, while hoping to spend $20,539 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: 40/36/24 Blend
56$499,000$499,000$499,000$499,000
57$552,504$526,057$518,322$570,595
58$587,006$529,980$513,833$587,798
59$624,338$533,407$508,504$604,272
60$664,769$536,292$502,287$621,689
61$708,591$538,587$495,130$640,145
62$756,128$540,238$486,977$659,751
63$807,734$541,190$477,772$680,627
64$863,800$541,386$467,454$702,909
65$924,756$540,762$455,962$726,747
66$991,073$539,252$443,229$752,309
67$1,063,273$536,785$429,188$779,779
68$1,141,928$533,288$413,766$809,364
69$1,227,666$528,681$396,889$841,294
70$1,321,181$522,880$378,478$875,823
71$1,423,237$515,796$358,452$913,233
72$1,534,671$507,334$336,724$953,837
73$1,656,410$497,396$313,207$997,983
74$1,789,469$485,874$287,805$1,046,057
75$1,934,970$472,656$260,421$1,098,485
76$2,094,146$457,625$230,954$1,155,742
77$2,268,354$440,655$199,297$1,218,352
78$2,459,091$421,612$165,338$1,286,897
79$2,668,003$400,355$128,962$1,362,020
80$2,896,904$376,737$90,046$1,444,436
81$3,147,791$350,600$48,465$1,534,933
82$3,422,863$321,777$4,087$1,634,386
83$3,724,544$290,093$0$1,743,762
84$4,055,501$255,361$0$1,875,213
85$4,418,675$217,386$0$2,020,679
86$4,817,301$175,960$0$2,180,461
87$5,254,947$130,863$0$2,356,047
88$5,735,541$81,865$0$2,549,081
89$6,263,410$28,720$0$2,761,380
90$6,843,321$0$0$2,994,945
91$7,480,526$0$0$3,263,409
92$8,180,810$0$0$3,571,023
93$8,950,547$0$0$3,909,218
94$9,796,760$0$0$4,281,089
95$10,727,183$0$0$4,690,044
96$11,750,341$0$0$5,139,839
97$12,875,624$0$0$5,634,613
98$14,113,379$0$0$6,178,925
99$15,475,004$0$0$6,777,798
100$16,973,060$0$0$7,436,768