Can I retire at age 57 with 510,000?

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 $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%18.6%
1 years$42,115$41,740$41,374$41,017$40,668$39,256
2 years$20,849$20,461$20,085$19,720$19,366$17,958
3 years$13,761$13,371$12,996$12,635$12,286$10,927
4 years$10,218$9,829$9,458$9,103$8,763$7,462
5 years$8,093$7,706$7,340$6,992$6,661$5,423
6 years$6,676$6,293$5,932$5,591$5,271$4,095
7 years$5,665$5,285$4,929$4,597$4,287$3,174
8 years$4,907$4,530$4,180$3,856$3,556$2,505
9 years$4,317$3,944$3,600$3,285$2,995$2,005
10 years$3,846$3,477$3,139$2,831$2,552$1,620
11 years$3,461$3,095$2,764$2,464$2,195$1,320
12 years$3,140$2,778$2,453$2,161$1,902$1,083
13 years$2,869$2,510$2,191$1,908$1,658$892
14 years$2,637$2,282$1,969$1,694$1,454$738
15 years$2,435$2,085$1,778$1,511$1,280$613
16 years$2,259$1,913$1,612$1,353$1,131$510
17 years$2,104$1,761$1,466$1,215$1,003$425
18 years$1,967$1,628$1,339$1,095$892$355
19 years$1,844$1,508$1,226$990$795$297
20 years$1,733$1,402$1,125$896$710$249
21 years$1,633$1,306$1,035$813$635$209
22 years$1,543$1,219$953$740$570$175
23 years$1,460$1,140$880$674$511$147
24 years$1,384$1,068$814$614$460$124
25 years$1,315$1,002$754$561$414$104
26 years$1,251$942$699$513$372$88
27 years$1,192$887$649$470$336$74
28 years$1,137$835$604$430$303$62
29 years$1,086$788$562$395$274$52
30 years$1,038$744$523$362$247$44
31 years$994$704$488$333$224$37
32 years$952$666$455$306$202$31
33 years$913$630$425$281$183$26
34 years$877$598$397$259$166$22
35 years$842$567$371$238$150$19
36 years$810$538$347$219$136$16
37 years$779$511$325$202$123$13
38 years$751$486$304$186$112$11
39 years$723$462$285$172$101$9
40 years$697$439$267$158$92$8
41 years$673$418$251$146$83$7
42 years$649$398$235$135$76$6
43 years$627$379$221$124$69$5
44 years$606$362$207$115$62$4
45 years$586$345$194$106$57$3
46 years$567$329$183$98$51$3
47 years$548$314$172$91$47$2
48 years$531$300$161$84$42$2
49 years$514$286$152$77$38$2
50 years$498$273$143$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $510,000, adding $5,125 every year, while hoping to spend $29,687 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: 72/12/16 Blend
56$510,000$510,000$510,000$510,000
57$567,306$540,276$532,371$605,719
58$593,585$535,163$518,619$626,774
59$621,549$528,805$503,411$645,731
60$651,339$521,108$486,667$665,717
61$683,109$511,975$468,304$686,828
62$717,027$501,304$448,234$709,170
63$753,279$488,982$426,364$732,862
64$792,066$474,896$402,600$758,033
65$833,612$458,920$376,842$784,827
66$878,158$440,925$348,985$813,406
67$925,973$420,774$318,919$843,944
68$977,351$398,320$286,530$876,638
69$1,032,611$373,408$251,700$911,703
70$1,092,109$345,877$214,304$949,380
71$1,156,232$315,553$174,211$989,933
72$1,225,407$282,254$131,286$1,033,655
73$1,300,101$245,787$85,387$1,080,871
74$1,380,830$205,949$36,365$1,131,937
75$1,468,159$162,525$0$1,187,252
76$1,562,710$115,287$0$1,249,975
77$1,665,166$63,995$0$1,324,671
78$1,776,278$8,397$0$1,405,689
79$1,896,875$0$0$1,493,651
80$2,027,864$0$0$1,596,080
81$2,170,245$0$0$1,708,644
82$2,325,118$0$0$1,831,107
83$2,493,694$0$0$1,964,429
84$2,677,304$0$0$2,109,667
85$2,877,414$0$0$2,267,982
86$3,095,637$0$0$2,440,654
87$3,333,747$0$0$2,629,090
88$3,593,699$0$0$2,834,841
89$3,877,642$0$0$3,059,612
90$4,187,946$0$0$3,305,282
91$4,527,217$0$0$3,573,918
92$4,898,324$0$0$3,867,797
93$5,304,428$0$0$4,189,427
94$5,749,008$0$0$4,541,566
95$6,235,897$0$0$4,927,255
96$6,769,314$0$0$5,349,842
97$7,353,906$0$0$5,813,013
98$7,994,792$0$0$6,320,829
99$8,697,607$0$0$6,877,760
100$9,468,562$0$0$7,488,733