Can I retire at age 57 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$42,363$41,986$41,618$41,258$40,907$40,463
2 years$20,972$20,581$20,203$19,836$19,480$19,033
3 years$13,842$13,450$13,072$12,709$12,359$11,922
4 years$10,278$9,887$9,513$9,156$8,814$8,392
5 years$8,140$7,752$7,383$7,033$6,701$6,294
6 years$6,716$6,330$5,966$5,624$5,302$4,911
7 years$5,698$5,316$4,958$4,624$4,312$3,937
8 years$4,936$4,557$4,205$3,879$3,577$3,218
9 years$4,343$3,967$3,622$3,304$3,012$2,670
10 years$3,869$3,497$3,157$2,848$2,567$2,240
11 years$3,481$3,113$2,780$2,479$2,207$1,896
12 years$3,159$2,794$2,467$2,174$1,913$1,617
13 years$2,886$2,525$2,204$1,919$1,668$1,386
14 years$2,652$2,295$1,980$1,704$1,462$1,195
15 years$2,450$2,097$1,788$1,520$1,288$1,034
16 years$2,273$1,924$1,621$1,361$1,138$898
17 years$2,117$1,772$1,475$1,222$1,009$782
18 years$1,978$1,637$1,347$1,102$897$683
19 years$1,855$1,517$1,233$995$800$597
20 years$1,744$1,410$1,131$902$714$524
21 years$1,643$1,313$1,041$818$639$460
22 years$1,552$1,226$959$744$573$404
23 years$1,469$1,147$886$678$514$356
24 years$1,393$1,074$819$618$462$314
25 years$1,323$1,008$759$564$416$277
26 years$1,258$948$704$516$375$244
27 years$1,199$892$653$472$338$216
28 years$1,143$840$607$433$305$191
29 years$1,092$793$565$397$275$169
30 years$1,044$749$526$364$249$149
31 years$1,000$708$491$334$225$132
32 years$958$670$458$307$203$117
33 years$919$634$428$283$184$104
34 years$882$601$399$260$167$92
35 years$847$570$373$239$151$81
36 years$815$541$349$221$137$72
37 years$784$514$327$203$124$64
38 years$755$488$306$187$112$57
39 years$727$464$287$173$102$50
40 years$701$442$269$159$92$45
41 years$677$421$252$147$84$40
42 years$653$401$237$136$76$35
43 years$631$382$222$125$69$31
44 years$610$364$208$116$63$28
45 years$589$347$196$107$57$25
46 years$570$331$184$99$52$22
47 years$551$316$173$91$47$19
48 years$534$301$162$84$43$17
49 years$517$288$152$78$39$15
50 years$501$275$143$72$35$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $513,000, adding $2,340 every year, while hoping to spend $33,723 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: 47/37/16 Blend
56$513,000$513,000$513,000$513,000
57$567,740$540,551$532,599$591,757
58$589,768$531,157$514,560$599,273
59$612,913$520,172$494,787$603,808
60$637,253$507,483$473,185$608,001
61$662,873$492,970$449,657$611,833
62$689,866$476,506$424,100$615,286
63$718,333$457,955$396,408$618,342
64$748,383$437,175$366,468$620,985
65$780,138$414,016$334,164$623,198
66$813,726$388,317$299,373$624,968
67$849,293$359,911$261,968$626,282
68$886,993$328,619$221,816$627,130
69$926,997$294,252$178,778$627,504
70$969,491$256,611$132,708$627,400
71$1,014,681$215,486$83,455$626,816
72$1,062,788$170,655$30,860$625,756
73$1,114,057$121,882$0$624,228
74$1,168,756$68,919$0$626,559
75$1,227,178$11,505$0$634,360
76$1,289,644$0$0$642,414
77$1,356,506$0$0$671,408
78$1,428,150$0$0$707,534
79$1,505,001$0$0$746,325
80$1,587,523$0$0$788,021
81$1,676,226$0$0$832,886
82$1,771,669$0$0$881,208
83$1,874,469$0$0$933,305
84$1,985,301$0$0$989,526
85$2,104,905$0$0$1,050,254
86$2,234,098$0$0$1,115,909
87$2,373,775$0$0$1,186,955
88$2,524,921$0$0$1,263,900
89$2,688,618$0$0$1,347,304
90$2,866,056$0$0$1,437,781
91$3,058,544$0$0$1,536,008
92$3,267,520$0$0$1,642,729
93$3,494,567$0$0$1,758,762
94$3,741,426$0$0$1,885,007
95$4,010,013$0$0$2,022,455
96$4,302,435$0$0$2,172,196
97$4,621,012$0$0$2,335,428
98$4,968,294$0$0$2,513,474
99$5,347,092$0$0$2,707,784
100$5,760,496$0$0$2,919,959