Can I retire at age 57 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$42,033$41,658$41,293$40,937$40,588$38,978
2 years$20,808$20,421$20,045$19,681$19,328$17,725
3 years$13,734$13,345$12,971$12,610$12,262$10,718
4 years$10,198$9,810$9,439$9,085$8,746$7,272
5 years$8,077$7,691$7,325$6,978$6,648$5,248
6 years$6,663$6,280$5,920$5,580$5,261$3,935
7 years$5,654$5,274$4,919$4,588$4,278$3,027
8 years$4,897$4,521$4,172$3,849$3,549$2,371
9 years$4,309$3,936$3,593$3,278$2,989$1,882
10 years$3,839$3,470$3,133$2,826$2,547$1,509
11 years$3,454$3,089$2,758$2,459$2,190$1,219
12 years$3,134$2,772$2,448$2,157$1,898$991
13 years$2,863$2,505$2,187$1,904$1,655$809
14 years$2,631$2,277$1,965$1,691$1,451$664
15 years$2,431$2,080$1,774$1,508$1,277$546
16 years$2,255$1,909$1,608$1,350$1,129$450
17 years$2,100$1,758$1,464$1,213$1,001$372
18 years$1,963$1,624$1,336$1,093$890$307
19 years$1,840$1,505$1,223$988$793$255
20 years$1,730$1,399$1,123$895$709$211
21 years$1,630$1,303$1,033$812$634$175
22 years$1,540$1,216$952$738$568$146
23 years$1,457$1,138$879$672$510$121
24 years$1,382$1,066$813$613$459$101
25 years$1,312$1,000$753$560$413$84
26 years$1,248$940$698$512$372$70
27 years$1,189$885$648$469$335$58
28 years$1,134$834$603$429$302$48
29 years$1,084$787$561$394$273$40
30 years$1,036$743$522$361$247$34
31 years$992$702$487$332$223$28
32 years$950$664$454$305$202$23
33 years$912$629$424$280$183$19
34 years$875$596$396$258$165$16
35 years$841$566$371$238$150$14
36 years$808$537$347$219$136$11
37 years$778$510$324$202$123$9
38 years$749$485$304$186$111$8
39 years$722$461$285$171$101$7
40 years$696$438$267$158$92$5
41 years$671$417$250$146$83$5
42 years$648$397$235$135$75$4
43 years$626$379$220$124$69$3
44 years$605$361$207$115$62$3
45 years$585$344$194$106$56$2
46 years$565$328$182$98$51$2
47 years$547$313$171$90$47$2
48 years$530$299$161$84$42$1
49 years$513$286$151$77$38$1
50 years$497$273$142$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $509,000, adding $6,681 every year, while hoping to spend $23,488 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: 80/9/11 Blend
56$509,000$509,000$509,000$509,000
57$567,809$540,832$532,943$611,610
58$600,735$542,342$525,805$642,828
59$636,232$543,139$517,642$673,340
60$674,537$543,162$508,392$706,133
61$715,912$542,349$497,996$741,426
62$760,643$540,633$486,387$779,457
63$809,046$537,940$473,498$820,489
64$861,466$534,197$459,257$864,813
65$918,285$529,322$443,592$912,748
66$979,921$523,231$426,424$964,648
67$1,046,836$515,831$407,671$1,020,900
68$1,119,535$507,029$387,250$1,081,932
69$1,198,576$496,722$365,071$1,148,216
70$1,284,572$484,802$341,042$1,220,272
71$1,378,197$471,156$315,066$1,298,673
72$1,480,194$455,664$287,042$1,384,050
73$1,591,379$438,197$256,863$1,477,100
74$1,712,651$418,620$224,420$1,578,590
75$1,845,001$396,792$189,597$1,689,366
76$1,989,516$372,560$152,274$1,810,359
77$2,147,396$345,764$112,324$1,942,598
78$2,319,961$316,237$69,618$2,087,216
79$2,508,664$283,799$24,016$2,245,461
80$2,715,104$248,262$0$2,418,710
81$2,941,044$209,426$0$2,611,373
82$3,188,423$167,081$0$2,825,426
83$3,459,378$121,004$0$3,059,909
84$3,756,260$70,959$0$3,316,876
85$4,081,662$16,699$0$3,598,585
86$4,438,436$0$0$3,907,527
87$4,829,725$0$0$4,250,612
88$5,258,990$0$0$4,628,823
89$5,730,044$0$0$5,043,868
90$6,247,087$0$0$5,499,449
91$6,814,744$0$0$5,999,644
92$7,438,112$0$0$6,548,946
93$8,122,803$0$0$7,152,302
94$8,875,002$0$0$7,815,165
95$9,701,521$0$0$8,543,540
96$10,609,866$0$0$9,344,042
97$11,608,303$0$0$10,223,961
98$12,705,941$0$0$11,191,327
99$13,912,818$0$0$12,254,987
100$15,239,988$0$0$13,424,688