Can I retire at age 57 with 502,000?

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 $502,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$41,455$41,085$40,725$40,374$40,030$39,497
2 years$20,522$20,140$19,770$19,410$19,062$18,526
3 years$13,546$13,162$12,792$12,436$12,094$11,571
4 years$10,058$9,675$9,309$8,960$8,625$8,120
5 years$7,966$7,585$7,224$6,882$6,557$6,071
6 years$6,572$6,194$5,838$5,504$5,188$4,722
7 years$5,576$5,202$4,852$4,525$4,219$3,773
8 years$4,830$4,459$4,115$3,796$3,500$3,073
9 years$4,250$3,882$3,544$3,233$2,948$2,540
10 years$3,786$3,422$3,090$2,787$2,512$2,124
11 years$3,407$3,046$2,720$2,425$2,160$1,791
12 years$3,091$2,734$2,414$2,127$1,872$1,521
13 years$2,824$2,471$2,157$1,878$1,632$1,300
14 years$2,595$2,246$1,938$1,667$1,431$1,116
15 years$2,397$2,052$1,750$1,487$1,260$962
16 years$2,224$1,883$1,586$1,331$1,114$832
17 years$2,071$1,734$1,443$1,196$987$721
18 years$1,936$1,602$1,318$1,078$878$627
19 years$1,815$1,485$1,206$974$782$546
20 years$1,706$1,380$1,107$882$699$477
21 years$1,608$1,285$1,018$801$625$417
22 years$1,519$1,200$939$728$561$365
23 years$1,437$1,122$867$663$503$320
24 years$1,363$1,051$801$605$452$280
25 years$1,294$987$742$552$407$246
26 years$1,231$927$688$505$367$216
27 years$1,173$873$639$462$331$190
28 years$1,119$822$594$423$298$167
29 years$1,069$776$553$388$269$147
30 years$1,022$733$515$356$243$130
31 years$978$693$480$327$220$114
32 years$937$655$448$301$199$101
33 years$899$621$418$277$180$89
34 years$863$588$391$255$163$78
35 years$829$558$365$234$148$69
36 years$797$529$342$216$134$61
37 years$767$503$320$199$121$54
38 years$739$478$300$183$110$47
39 years$712$454$281$169$100$42
40 years$686$432$263$156$90$37
41 years$662$412$247$144$82$33
42 years$639$392$231$133$74$29
43 years$617$373$217$122$68$25
44 years$596$356$204$113$61$22
45 years$577$339$191$104$56$20
46 years$558$324$180$96$51$17
47 years$540$309$169$89$46$15
48 years$522$295$159$82$42$14
49 years$506$282$149$76$38$12
50 years$490$269$140$70$34$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $502,000, adding $5,385 every year, while hoping to spend $31,681 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: 57/29/14 Blend
56$502,000$502,000$502,000$502,000
57$558,759$532,153$524,372$588,308
58$582,044$524,520$508,230$601,302
59$606,642$515,451$490,485$611,508
60$632,654$504,843$471,051$621,893
61$660,190$492,585$449,836$632,478
62$689,368$478,561$426,745$643,289
63$720,321$462,648$401,679$654,356
64$753,192$444,715$374,532$665,716
65$788,136$424,625$345,198$677,408
66$825,325$402,231$313,561$689,479
67$864,946$377,378$279,504$701,984
68$907,206$349,905$242,902$714,983
69$952,328$319,637$203,626$728,547
70$1,000,558$286,392$161,541$742,755
71$1,052,168$249,978$116,505$757,698
72$1,107,453$210,191$68,372$773,479
73$1,166,738$166,815$16,987$790,214
74$1,230,379$119,623$0$808,035
75$1,298,767$68,374$0$832,744
76$1,372,332$12,815$0$861,930
77$1,451,545$0$0$893,267
78$1,536,923$0$0$942,095
79$1,629,036$0$0$999,221
80$1,728,508$0$0$1,060,946
81$1,836,025$0$0$1,127,700
82$1,952,342$0$0$1,199,958
83$2,078,288$0$0$1,278,238
84$2,214,775$0$0$1,363,114
85$2,362,806$0$0$1,455,214
86$2,523,482$0$0$1,555,229
87$2,698,017$0$0$1,663,920
88$2,887,745$0$0$1,782,125
89$3,094,132$0$0$1,910,764
90$3,318,794$0$0$2,050,851
91$3,563,507$0$0$2,203,499
92$3,830,226$0$0$2,369,937
93$4,121,102$0$0$2,551,515
94$4,438,504$0$0$2,749,719
95$4,785,038$0$0$2,966,184
96$5,163,572$0$0$3,202,713
97$5,577,268$0$0$3,461,289
98$6,029,600$0$0$3,744,093
99$6,524,400$0$0$4,053,532
100$7,065,882$0$0$4,392,250