Can I retire at age 57 with 505,000?

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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$41,702$41,331$40,969$40,615$40,269$39,766
2 years$20,645$20,260$19,888$19,526$19,176$18,670
3 years$13,626$13,240$12,869$12,511$12,166$11,672
4 years$10,118$9,733$9,365$9,013$8,677$8,200
5 years$8,013$7,631$7,268$6,923$6,596$6,137
6 years$6,611$6,231$5,873$5,536$5,219$4,778
7 years$5,609$5,233$4,881$4,552$4,245$3,822
8 years$4,859$4,486$4,139$3,818$3,521$3,117
9 years$4,275$3,905$3,565$3,252$2,965$2,580
10 years$3,809$3,442$3,108$2,804$2,527$2,159
11 years$3,427$3,065$2,736$2,440$2,173$1,823
12 years$3,109$2,751$2,428$2,140$1,883$1,550
13 years$2,841$2,486$2,170$1,889$1,642$1,326
14 years$2,611$2,260$1,949$1,677$1,439$1,140
15 years$2,411$2,064$1,760$1,496$1,267$984
16 years$2,237$1,894$1,596$1,339$1,120$852
17 years$2,084$1,744$1,452$1,203$993$740
18 years$1,948$1,612$1,326$1,085$883$644
19 years$1,826$1,494$1,214$980$787$562
20 years$1,716$1,388$1,114$888$703$491
21 years$1,617$1,293$1,024$805$629$430
22 years$1,528$1,207$944$732$564$377
23 years$1,446$1,129$872$667$506$331
24 years$1,371$1,058$806$608$455$291
25 years$1,302$992$747$556$409$256
26 years$1,239$933$693$508$369$225
27 years$1,180$878$643$465$333$198
28 years$1,126$827$598$426$300$174
29 years$1,075$780$556$391$271$154
30 years$1,028$737$518$359$245$136
31 years$984$697$483$329$221$120
32 years$943$659$451$303$200$106
33 years$904$624$421$278$181$93
34 years$868$592$393$256$164$82
35 years$834$561$368$236$149$73
36 years$802$533$344$217$135$64
37 years$772$506$322$200$122$57
38 years$743$481$301$184$111$50
39 years$716$457$282$170$100$44
40 years$690$435$265$157$91$39
41 years$666$414$248$145$83$35
42 years$643$394$233$133$75$31
43 years$621$376$218$123$68$27
44 years$600$358$205$114$62$24
45 years$580$341$193$105$56$21
46 years$561$326$181$97$51$19
47 years$543$311$170$90$46$17
48 years$526$297$160$83$42$15
49 years$509$283$150$77$38$13
50 years$493$271$141$71$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $505,000, adding $2,434 every year, while hoping to spend $32,824 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: 46/48/6 Blend
56$505,000$505,000$505,000$505,000
57$559,021$532,256$524,428$583,718
58$581,116$523,412$507,072$592,102
59$604,366$513,034$488,034$597,561
60$628,851$501,014$467,224$602,713
61$654,664$487,233$444,546$607,538
62$681,903$471,571$419,901$612,018
63$710,674$453,895$393,185$616,136
64$741,096$434,068$364,290$619,876
65$773,295$411,945$333,101$623,221
66$807,412$387,371$299,500$626,157
67$843,598$360,183$263,364$628,672
68$882,022$330,208$224,563$630,756
69$922,864$297,265$182,962$632,402
70$966,325$261,160$138,421$633,603
71$1,012,623$221,689$90,790$634,361
72$1,061,997$178,638$39,918$634,677
73$1,114,709$131,779$0$634,561
74$1,171,045$80,873$0$634,946
75$1,231,321$25,665$0$637,722
76$1,295,881$0$0$640,369
77$1,365,104$0$0$660,956
78$1,439,404$0$0$697,642
79$1,519,238$0$0$737,102
80$1,605,104$0$0$779,589
81$1,697,552$0$0$825,380
82$1,797,184$0$0$874,779
83$1,904,664$0$0$928,120
84$2,020,717$0$0$985,772
85$2,146,144$0$0$1,048,139
86$2,281,823$0$0$1,115,664
87$2,428,720$0$0$1,188,836
88$2,587,895$0$0$1,268,192
89$2,760,518$0$0$1,354,322
90$2,947,870$0$0$1,447,876
91$3,151,364$0$0$1,549,568
92$3,372,553$0$0$1,660,184
93$3,613,146$0$0$1,780,588
94$3,875,022$0$0$1,911,732
95$4,160,249$0$0$2,054,662
96$4,471,104$0$0$2,210,532
97$4,810,090$0$0$2,380,608
98$5,179,966$0$0$2,566,287
99$5,583,766$0$0$2,769,106
100$6,024,829$0$0$2,990,755