Can I retire at age 57 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$42,115$41,740$41,374$41,017$40,668$40,497
2 years$20,849$20,461$20,085$19,720$19,366$19,193
3 years$13,761$13,371$12,996$12,635$12,286$12,117
4 years$10,218$9,829$9,458$9,103$8,763$8,599
5 years$8,093$7,706$7,340$6,992$6,661$6,503
6 years$6,676$6,293$5,932$5,591$5,271$5,118
7 years$5,665$5,285$4,929$4,597$4,287$4,139
8 years$4,907$4,530$4,180$3,856$3,556$3,415
9 years$4,317$3,944$3,600$3,285$2,995$2,859
10 years$3,846$3,477$3,139$2,831$2,552$2,422
11 years$3,461$3,095$2,764$2,464$2,195$2,070
12 years$3,140$2,778$2,453$2,161$1,902$1,783
13 years$2,869$2,510$2,191$1,908$1,658$1,545
14 years$2,637$2,282$1,969$1,694$1,454$1,346
15 years$2,435$2,085$1,778$1,511$1,280$1,177
16 years$2,259$1,913$1,612$1,353$1,131$1,033
17 years$2,104$1,761$1,466$1,215$1,003$910
18 years$1,967$1,628$1,339$1,095$892$804
19 years$1,844$1,508$1,226$990$795$711
20 years$1,733$1,402$1,125$896$710$631
21 years$1,633$1,306$1,035$813$635$560
22 years$1,543$1,219$953$740$570$499
23 years$1,460$1,140$880$674$511$444
24 years$1,384$1,068$814$614$460$396
25 years$1,315$1,002$754$561$414$354
26 years$1,251$942$699$513$372$316
27 years$1,192$887$649$470$336$283
28 years$1,137$835$604$430$303$253
29 years$1,086$788$562$395$274$227
30 years$1,038$744$523$362$247$203
31 years$994$704$488$333$224$182
32 years$952$666$455$306$202$164
33 years$913$630$425$281$183$147
34 years$877$598$397$259$166$132
35 years$842$567$371$238$150$119
36 years$810$538$347$219$136$107
37 years$779$511$325$202$123$96
38 years$751$486$304$186$112$86
39 years$723$462$285$172$101$77
40 years$697$439$267$158$92$70
41 years$673$418$251$146$83$63
42 years$649$398$235$135$76$56
43 years$627$379$221$124$69$51
44 years$606$362$207$115$62$46
45 years$586$345$194$106$57$41
46 years$567$329$183$98$51$37
47 years$548$314$172$91$47$33
48 years$531$300$161$84$42$30
49 years$514$286$152$77$38$27
50 years$498$273$143$71$35$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $510,000, adding $6,625 every year, while hoping to spend $21,247 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: 64/25/11 Blend
56$510,000$510,000$510,000$510,000
57$568,854$541,824$533,919$603,438
58$604,270$545,766$529,198$631,305
59$642,587$549,190$523,608$658,649
60$684,077$552,047$517,095$687,980
61$729,042$554,287$509,607$719,490
62$777,812$555,854$501,086$753,393
63$830,750$556,692$491,474$789,921
64$888,257$556,740$480,708$829,336
65$950,771$555,932$468,724$871,921
66$1,018,777$554,200$455,453$917,993
67$1,092,807$551,471$440,826$967,900
68$1,173,446$547,666$424,767$1,022,027
69$1,261,340$542,704$407,198$1,080,796
70$1,357,197$536,497$388,040$1,144,678
71$1,461,798$528,952$367,207$1,214,188
72$1,576,003$519,973$344,610$1,289,898
73$1,700,758$509,453$320,156$1,372,435
74$1,837,104$497,285$293,750$1,462,496
75$1,986,187$483,351$265,289$1,560,847
76$2,149,270$467,527$234,669$1,668,333
77$2,327,744$449,684$201,778$1,785,890
78$2,523,138$429,682$166,502$1,914,545
79$2,737,138$407,377$128,719$2,055,438
80$2,971,600$382,612$88,306$2,209,821
81$3,228,568$355,226$45,129$2,379,080
82$3,510,294$325,044$0$2,564,740
83$3,819,257$291,884$0$2,768,598
84$4,158,188$255,553$0$2,998,061
85$4,530,095$215,847$0$3,249,895
86$4,938,291$172,550$0$3,526,380
87$5,386,426$125,434$0$3,830,029
88$5,878,521$74,259$0$4,163,617
89$6,419,004$18,772$0$4,530,198
90$7,012,753$0$0$4,933,144
91$7,665,144$0$0$5,387,532
92$8,382,096$0$0$5,892,600
93$9,170,134$0$0$6,447,785
94$10,036,444$0$0$7,058,154
95$10,988,942$0$0$7,729,291
96$12,036,351$0$0$8,467,347
97$13,188,282$0$0$9,279,099
98$14,455,323$0$0$10,172,014
99$15,849,140$0$0$11,154,319
100$17,382,587$0$0$12,235,080