Can I retire at age 57 with 499,000?

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 $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%13.3%
1 years$41,207$40,840$40,482$40,132$39,791$39,245
2 years$20,399$20,020$19,651$19,294$18,948$18,399
3 years$13,465$13,083$12,716$12,362$12,021$11,486
4 years$9,998$9,617$9,254$8,906$8,574$8,057
5 years$7,918$7,540$7,181$6,841$6,518$6,020
6 years$6,532$6,157$5,804$5,471$5,157$4,680
7 years$5,543$5,171$4,823$4,498$4,194$3,737
8 years$4,801$4,432$4,090$3,773$3,479$3,043
9 years$4,224$3,859$3,523$3,214$2,930$2,514
10 years$3,763$3,402$3,071$2,770$2,497$2,100
11 years$3,386$3,028$2,704$2,411$2,147$1,770
12 years$3,072$2,718$2,400$2,115$1,861$1,502
13 years$2,807$2,456$2,144$1,867$1,623$1,283
14 years$2,580$2,233$1,926$1,657$1,422$1,100
15 years$2,383$2,040$1,739$1,478$1,252$948
16 years$2,211$1,871$1,577$1,323$1,107$819
17 years$2,059$1,723$1,435$1,189$981$710
18 years$1,924$1,592$1,310$1,072$873$617
19 years$1,804$1,476$1,199$968$778$537
20 years$1,696$1,371$1,100$877$695$468
21 years$1,598$1,277$1,012$796$622$409
22 years$1,509$1,192$933$724$557$358
23 years$1,429$1,115$861$659$500$313
24 years$1,355$1,045$797$601$450$274
25 years$1,286$981$738$549$405$241
26 years$1,224$922$684$502$364$211
27 years$1,166$867$635$459$329$186
28 years$1,112$817$591$421$296$163
29 years$1,062$771$550$386$268$143
30 years$1,016$728$512$354$242$126
31 years$972$688$477$325$219$111
32 years$932$651$445$299$198$98
33 years$894$617$416$275$179$86
34 years$858$585$389$253$162$76
35 years$824$554$363$233$147$67
36 years$793$526$340$214$133$59
37 years$763$500$318$198$121$52
38 years$734$475$298$182$109$46
39 years$708$452$279$168$99$40
40 years$682$430$262$155$90$36
41 years$658$409$245$143$82$31
42 years$635$390$230$132$74$28
43 years$614$371$216$122$67$24
44 years$593$354$203$112$61$22
45 years$573$337$190$104$55$19
46 years$554$322$179$96$50$17
47 years$536$307$168$89$46$15
48 years$519$293$158$82$41$13
49 years$503$280$148$76$38$12
50 years$487$268$139$70$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $499,000, adding $2,577 every year, while hoping to spend $28,997 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$552,556$526,109$518,375$570,648
58$578,064$521,036$504,888$578,858
59$605,202$514,742$489,977$584,810
60$634,106$507,138$473,564$590,675
61$664,924$498,127$455,568$596,461
62$697,819$487,607$435,902$602,181
63$732,968$475,472$414,477$607,852
64$770,569$461,608$391,199$613,492
65$810,833$445,893$365,971$619,126
66$853,997$428,201$338,690$624,785
67$900,319$408,397$309,250$630,505
68$950,080$386,337$277,538$636,329
69$1,003,592$361,871$243,440$642,308
70$1,061,195$334,839$206,832$648,502
71$1,123,264$305,073$167,587$654,980
72$1,190,209$272,394$125,573$661,824
73$1,262,482$236,613$80,652$669,128
74$1,340,580$197,531$32,678$676,998
75$1,425,047$154,939$0$685,558
76$1,516,483$108,612$0$699,693
77$1,615,547$58,317$0$724,058
78$1,722,964$3,806$0$750,504
79$1,839,531$0$0$779,282
80$1,966,123$0$0$832,533
81$2,103,705$0$0$892,104
82$2,253,336$0$0$956,953
83$2,416,185$0$0$1,027,592
84$2,593,533$0$0$1,104,588
85$2,786,795$0$0$1,188,560
86$2,997,524$0$0$1,280,194
87$3,227,431$0$0$1,380,242
88$3,478,400$0$0$1,489,533
89$3,752,504$0$0$1,608,980
90$4,052,024$0$0$1,739,587
91$4,379,473$0$0$1,882,460
92$4,737,618$0$0$2,038,818
93$5,129,503$0$0$2,210,001
94$5,558,484$0$0$2,397,487
95$6,028,252$0$0$2,602,901
96$6,542,875$0$0$2,828,035
97$7,106,832$0$0$3,074,861
98$7,725,054$0$0$3,345,551
99$8,402,974$0$0$3,642,500
100$9,146,577$0$0$3,968,341