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%16.2%
1 years$42,115$41,740$41,374$41,017$40,668$39,637
2 years$20,849$20,461$20,085$19,720$19,366$18,333
3 years$13,761$13,371$12,996$12,635$12,286$11,285
4 years$10,218$9,829$9,458$9,103$8,763$7,801
5 years$8,093$7,706$7,340$6,992$6,661$5,741
6 years$6,676$6,293$5,932$5,591$5,271$4,393
7 years$5,665$5,285$4,929$4,597$4,287$3,451
8 years$4,907$4,530$4,180$3,856$3,556$2,763
9 years$4,317$3,944$3,600$3,285$2,995$2,243
10 years$3,846$3,477$3,139$2,831$2,552$1,841
11 years$3,461$3,095$2,764$2,464$2,195$1,523
12 years$3,140$2,778$2,453$2,161$1,902$1,269
13 years$2,869$2,510$2,191$1,908$1,658$1,063
14 years$2,637$2,282$1,969$1,694$1,454$894
15 years$2,435$2,085$1,778$1,511$1,280$755
16 years$2,259$1,913$1,612$1,353$1,131$639
17 years$2,104$1,761$1,466$1,215$1,003$542
18 years$1,967$1,628$1,339$1,095$892$461
19 years$1,844$1,508$1,226$990$795$393
20 years$1,733$1,402$1,125$896$710$335
21 years$1,633$1,306$1,035$813$635$287
22 years$1,543$1,219$953$740$570$245
23 years$1,460$1,140$880$674$511$210
24 years$1,384$1,068$814$614$460$180
25 years$1,315$1,002$754$561$414$154
26 years$1,251$942$699$513$372$132
27 years$1,192$887$649$470$336$113
28 years$1,137$835$604$430$303$97
29 years$1,086$788$562$395$274$84
30 years$1,038$744$523$362$247$72
31 years$994$704$488$333$224$62
32 years$952$666$455$306$202$53
33 years$913$630$425$281$183$46
34 years$877$598$397$259$166$39
35 years$842$567$371$238$150$34
36 years$810$538$347$219$136$29
37 years$779$511$325$202$123$25
38 years$751$486$304$186$112$21
39 years$723$462$285$172$101$18
40 years$697$439$267$158$92$16
41 years$673$418$251$146$83$14
42 years$649$398$235$135$76$12
43 years$627$379$221$124$69$10
44 years$606$362$207$115$62$9
45 years$586$345$194$106$57$7
46 years$567$329$183$98$51$6
47 years$548$314$172$91$47$6
48 years$531$300$161$84$42$5
49 years$514$286$152$77$38$4
50 years$498$273$143$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $510,000, adding $3,326 every year, while hoping to spend $35,536 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: 53/32/15 Blend
56$510,000$510,000$510,000$510,000
57$565,451$538,421$530,516$592,981
58$585,317$526,993$510,478$600,725
59$606,018$513,815$488,578$605,086
60$627,602$498,762$464,716$609,032
61$650,121$481,705$438,787$612,534
62$673,629$462,504$410,682$615,560
63$698,187$441,015$380,288$618,078
64$723,859$417,082$347,484$620,057
65$750,715$390,541$312,148$621,462
66$778,831$361,220$274,147$622,261
67$808,287$328,936$233,347$622,417
68$839,174$293,495$189,606$621,897
69$871,588$254,694$142,775$620,665
70$905,632$212,316$92,700$618,686
71$941,420$166,134$39,220$615,925
72$979,077$115,906$0$612,346
73$1,018,736$61,379$0$610,775
74$1,060,544$2,283$0$615,203
75$1,104,660$0$0$619,347
76$1,151,258$0$0$644,919
77$1,200,527$0$0$672,830
78$1,252,675$0$0$702,394
79$1,307,928$0$0$733,744
80$1,366,531$0$0$767,022
81$1,428,756$0$0$802,385
82$1,494,897$0$0$840,004
83$1,565,278$0$0$880,068
84$1,640,251$0$0$922,781
85$1,720,204$0$0$968,369
86$1,805,561$0$0$1,017,078
87$1,896,785$0$0$1,069,178
88$1,994,387$0$0$1,124,965
89$2,098,924$0$0$1,184,765
90$2,211,009$0$0$1,248,934
91$2,331,314$0$0$1,317,863
92$2,460,575$0$0$1,391,980
93$2,599,602$0$0$1,471,759
94$2,749,284$0$0$1,557,715
95$2,910,595$0$0$1,650,417
96$3,084,608$0$0$1,750,491
97$3,272,500$0$0$1,858,621
98$3,475,565$0$0$1,975,562
99$3,695,224$0$0$2,102,144
100$3,933,041$0$0$2,239,276