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%16.4%
1 years$42,363$41,986$41,618$41,258$40,907$39,838
2 years$20,972$20,581$20,203$19,836$19,480$18,409
3 years$13,842$13,450$13,072$12,709$12,359$11,321
4 years$10,278$9,887$9,513$9,156$8,814$7,817
5 years$8,140$7,752$7,383$7,033$6,701$5,747
6 years$6,716$6,330$5,966$5,624$5,302$4,393
7 years$5,698$5,316$4,958$4,624$4,312$3,447
8 years$4,936$4,557$4,205$3,879$3,577$2,757
9 years$4,343$3,967$3,622$3,304$3,012$2,235
10 years$3,869$3,497$3,157$2,848$2,567$1,832
11 years$3,481$3,113$2,780$2,479$2,207$1,514
12 years$3,159$2,794$2,467$2,174$1,913$1,260
13 years$2,886$2,525$2,204$1,919$1,668$1,054
14 years$2,652$2,295$1,980$1,704$1,462$885
15 years$2,450$2,097$1,788$1,520$1,288$746
16 years$2,273$1,924$1,621$1,361$1,138$631
17 years$2,117$1,772$1,475$1,222$1,009$535
18 years$1,978$1,637$1,347$1,102$897$454
19 years$1,855$1,517$1,233$995$800$386
20 years$1,744$1,410$1,131$902$714$329
21 years$1,643$1,313$1,041$818$639$281
22 years$1,552$1,226$959$744$573$240
23 years$1,469$1,147$886$678$514$205
24 years$1,393$1,074$819$618$462$175
25 years$1,323$1,008$759$564$416$150
26 years$1,258$948$704$516$375$128
27 years$1,199$892$653$472$338$110
28 years$1,143$840$607$433$305$94
29 years$1,092$793$565$397$275$81
30 years$1,044$749$526$364$249$69
31 years$1,000$708$491$334$225$60
32 years$958$670$458$307$203$51
33 years$919$634$428$283$184$44
34 years$882$601$399$260$167$38
35 years$847$570$373$239$151$32
36 years$815$541$349$221$137$28
37 years$784$514$327$203$124$24
38 years$755$488$306$187$112$20
39 years$727$464$287$173$102$18
40 years$701$442$269$159$92$15
41 years$677$421$252$147$84$13
42 years$653$401$237$136$76$11
43 years$631$382$222$125$69$10
44 years$610$364$208$116$63$8
45 years$589$347$196$107$57$7
46 years$570$331$184$99$52$6
47 years$551$316$173$91$47$5
48 years$534$301$162$84$43$4
49 years$517$288$152$78$39$4
50 years$501$275$143$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $513,000, adding $5,386 every year, while hoping to spend $39,718 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: 40/43/17 Blend
56$513,000$513,000$513,000$513,000
57$570,882$543,693$535,741$590,640
58$586,852$528,074$511,429$589,593
59$603,120$510,359$484,971$584,215
60$619,674$490,402$456,253$577,558
61$636,501$468,052$425,158$569,525
62$653,583$443,145$391,559$560,016
63$670,900$415,511$355,328$548,921
64$688,429$384,968$316,329$536,124
65$706,142$351,325$274,420$521,502
66$724,009$314,380$229,453$504,924
67$741,991$273,919$181,273$486,250
68$760,049$229,715$129,720$465,332
69$778,132$181,530$74,624$442,011
70$796,188$129,111$15,811$416,118
71$814,155$72,193$0$387,475
72$831,961$10,493$0$364,407
73$849,529$0$0$341,808
74$866,769$0$0$343,257
75$883,581$0$0$349,445
76$899,853$0$0$355,356
77$915,458$0$0$360,934
78$930,255$0$0$366,115
79$944,086$0$0$370,827
80$956,775$0$0$374,993
81$968,124$0$0$378,522
82$977,914$0$0$381,319
83$985,900$0$0$383,272
84$991,811$0$0$384,261
85$995,343$0$0$384,151
86$996,160$0$0$382,791
87$993,888$0$0$380,016
88$988,112$0$0$375,640
89$978,371$0$0$369,459
90$964,156$0$0$361,246
91$944,899$0$0$350,749
92$919,973$0$0$337,690
93$888,684$0$0$321,761
94$850,262$0$0$302,621
95$803,855$0$0$279,891
96$748,521$0$0$253,155
97$683,217$0$0$221,950
98$606,790$0$0$185,766
99$517,965$0$0$144,038
100$415,332$0$0$96,142