Can I retire at age 57 with 505,000?

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 $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%16.4%
1 years$41,702$41,331$40,969$40,615$40,269$39,216
2 years$20,645$20,260$19,888$19,526$19,176$18,122
3 years$13,626$13,240$12,869$12,511$12,166$11,145
4 years$10,118$9,733$9,365$9,013$8,677$7,696
5 years$8,013$7,631$7,268$6,923$6,596$5,658
6 years$6,611$6,231$5,873$5,536$5,219$4,324
7 years$5,609$5,233$4,881$4,552$4,245$3,394
8 years$4,859$4,486$4,139$3,818$3,521$2,714
9 years$4,275$3,905$3,565$3,252$2,965$2,201
10 years$3,809$3,442$3,108$2,804$2,527$1,804
11 years$3,427$3,065$2,736$2,440$2,173$1,491
12 years$3,109$2,751$2,428$2,140$1,883$1,240
13 years$2,841$2,486$2,170$1,889$1,642$1,037
14 years$2,611$2,260$1,949$1,677$1,439$871
15 years$2,411$2,064$1,760$1,496$1,267$734
16 years$2,237$1,894$1,596$1,339$1,120$621
17 years$2,084$1,744$1,452$1,203$993$526
18 years$1,948$1,612$1,326$1,085$883$447
19 years$1,826$1,494$1,214$980$787$380
20 years$1,716$1,388$1,114$888$703$324
21 years$1,617$1,293$1,024$805$629$276
22 years$1,528$1,207$944$732$564$236
23 years$1,446$1,129$872$667$506$202
24 years$1,371$1,058$806$608$455$173
25 years$1,302$992$747$556$409$148
26 years$1,239$933$693$508$369$126
27 years$1,180$878$643$465$333$108
28 years$1,126$827$598$426$300$93
29 years$1,075$780$556$391$271$80
30 years$1,028$737$518$359$245$68
31 years$984$697$483$329$221$59
32 years$943$659$451$303$200$50
33 years$904$624$421$278$181$43
34 years$868$592$393$256$164$37
35 years$834$561$368$236$149$32
36 years$802$533$344$217$135$27
37 years$772$506$322$200$122$23
38 years$743$481$301$184$111$20
39 years$716$457$282$170$100$17
40 years$690$435$265$157$91$15
41 years$666$414$248$145$83$13
42 years$643$394$233$133$75$11
43 years$621$376$218$123$68$9
44 years$600$358$205$114$62$8
45 years$580$341$193$105$56$7
46 years$561$326$181$97$51$6
47 years$543$311$170$90$46$5
48 years$526$297$160$83$42$4
49 years$509$283$150$77$38$4
50 years$493$271$141$71$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $505,000, adding $3,075 every year, while hoping to spend $28,618 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: 44/35/21 Blend
56$505,000$505,000$505,000$505,000
57$559,682$532,917$525,089$580,783
58$586,320$528,580$512,231$591,638
59$614,716$523,072$497,982$600,358
60$645,019$516,305$482,266$609,225
61$677,393$508,186$465,004$618,265
62$712,016$498,616$446,110$627,511
63$749,085$487,491$425,498$637,002
64$788,815$474,701$403,075$646,781
65$831,441$460,129$378,746$656,900
66$877,224$443,652$352,410$667,416
67$926,448$425,137$323,963$678,397
68$979,425$404,448$293,294$689,919
69$1,036,497$381,437$260,290$702,071
70$1,098,041$355,949$224,832$714,952
71$1,164,471$327,820$186,794$728,676
72$1,236,242$296,878$146,046$743,371
73$1,313,853$262,939$102,453$759,184
74$1,397,853$225,810$55,872$776,277
75$1,488,845$185,286$6,155$794,838
76$1,587,493$141,151$0$815,074
77$1,694,528$93,178$0$847,731
78$1,810,750$41,124$0$884,717
79$1,937,044$0$0$924,988
80$2,074,381$0$0$974,794
81$2,223,828$0$0$1,046,280
82$2,386,561$0$0$1,124,178
83$2,563,874$0$0$1,209,113
84$2,757,190$0$0$1,301,776
85$2,968,076$0$0$1,402,923
86$3,198,257$0$0$1,513,392
87$3,449,630$0$0$1,634,100
88$3,724,286$0$0$1,766,061
89$4,024,524$0$0$1,910,388
90$4,352,878$0$0$2,068,308
91$4,712,137$0$0$2,241,172
92$5,105,371$0$0$2,430,469
93$5,535,961$0$0$2,637,835
94$6,007,632$0$0$2,865,076
95$6,524,484$0$0$3,114,178
96$7,091,033$0$0$3,387,330
97$7,712,253$0$0$3,686,941
98$8,393,622$0$0$4,015,668
99$9,141,175$0$0$4,376,433
100$9,961,558$0$0$4,772,458