Can I retire at age 57 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$41,537$41,167$40,806$40,454$40,110$38,873
2 years$20,563$20,180$19,809$19,449$19,100$17,864
3 years$13,572$13,188$12,818$12,461$12,118$10,922
4 years$10,078$9,694$9,328$8,978$8,643$7,497
5 years$7,982$7,601$7,239$6,896$6,570$5,477
6 years$6,585$6,206$5,850$5,514$5,199$4,159
7 years$5,587$5,212$4,861$4,534$4,228$3,241
8 years$4,839$4,468$4,123$3,803$3,507$2,574
9 years$4,258$3,890$3,551$3,240$2,954$2,072
10 years$3,793$3,429$3,096$2,793$2,517$1,685
11 years$3,413$3,053$2,726$2,430$2,164$1,382
12 years$3,097$2,740$2,419$2,132$1,876$1,141
13 years$2,829$2,476$2,161$1,882$1,636$947
14 years$2,600$2,251$1,942$1,671$1,434$789
15 years$2,402$2,056$1,753$1,490$1,262$659
16 years$2,228$1,886$1,589$1,334$1,116$553
17 years$2,076$1,737$1,446$1,199$989$464
18 years$1,940$1,605$1,320$1,080$880$391
19 years$1,819$1,488$1,209$976$784$329
20 years$1,710$1,382$1,109$884$700$278
21 years$1,611$1,288$1,020$802$627$235
22 years$1,522$1,202$940$729$562$199
23 years$1,440$1,124$868$664$504$168
24 years$1,365$1,053$803$606$453$143
25 years$1,297$989$744$553$408$121
26 years$1,234$929$690$506$367$103
27 years$1,175$874$641$463$331$87
28 years$1,121$824$595$424$299$74
29 years$1,071$777$554$389$270$63
30 years$1,024$734$516$357$244$53
31 years$980$694$481$328$220$45
32 years$939$657$449$301$199$38
33 years$901$622$419$277$180$33
34 years$865$589$392$255$163$28
35 years$831$559$366$235$148$24
36 years$799$531$343$216$134$20
37 years$769$504$321$199$122$17
38 years$740$479$300$184$110$14
39 years$713$455$281$169$100$12
40 years$688$433$264$156$91$10
41 years$663$412$247$144$82$9
42 years$640$393$232$133$75$8
43 years$618$374$218$123$68$6
44 years$598$357$204$113$61$5
45 years$578$340$192$105$56$5
46 years$559$324$180$97$51$4
47 years$541$310$169$89$46$3
48 years$523$296$159$83$42$3
49 years$507$282$149$76$38$2
50 years$491$270$141$71$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $503,000, adding $2,245 every year, while hoping to spend $31,593 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: 33/38/29 Blend
56$503,000$503,000$503,000$503,000
57$556,622$529,963$522,166$570,032
58$579,782$522,316$506,044$572,802
59$604,247$513,236$488,323$572,834
60$630,114$502,619$468,916$572,260
61$657,493$490,355$447,732$571,048
62$686,503$476,328$424,677$569,169
63$717,273$460,414$399,650$566,589
64$749,945$442,485$372,549$563,277
65$784,675$422,402$343,264$559,203
66$821,631$400,019$311,683$554,336
67$860,999$375,182$277,686$548,648
68$902,983$347,728$241,151$542,109
69$947,806$317,485$201,948$534,693
70$995,712$284,271$159,943$526,378
71$1,046,967$247,893$114,994$517,140
72$1,101,866$208,148$66,954$506,961
73$1,160,730$164,821$15,671$495,827
74$1,223,912$117,685$0$483,729
75$1,291,799$66,500$0$482,746
76$1,364,817$11,013$0$486,754
77$1,443,433$0$0$490,964
78$1,528,158$0$0$515,956
79$1,619,556$0$0$547,941
80$1,718,246$0$0$582,538
81$1,824,908$0$0$619,993
82$1,940,288$0$0$660,577
83$2,065,208$0$0$704,587
84$2,200,570$0$0$752,350
85$2,347,368$0$0$804,226
86$2,506,693$0$0$860,609
87$2,679,746$0$0$921,936
88$2,867,847$0$0$988,684
89$3,072,450$0$0$1,061,382
90$3,295,153$0$0$1,140,608
91$3,537,715$0$0$1,227,000
92$3,802,072$0$0$1,321,261
93$4,090,354$0$0$1,424,163
94$4,404,905$0$0$1,536,558
95$4,748,307$0$0$1,659,382
96$5,123,399$0$0$1,793,665
97$5,533,311$0$0$1,940,544
98$5,981,484$0$0$2,101,268
99$6,471,709$0$0$2,277,214
100$7,008,161$0$0$2,469,897