Can I retire at age 57 with 513,000?

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 $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%19.5%
1 years$42,363$41,986$41,618$41,258$40,907$39,346
2 years$20,972$20,581$20,203$19,836$19,480$17,925
3 years$13,842$13,450$13,072$12,709$12,359$10,860
4 years$10,278$9,887$9,513$9,156$8,814$7,383
5 years$8,140$7,752$7,383$7,033$6,701$5,340
6 years$6,716$6,330$5,966$5,624$5,302$4,013
7 years$5,698$5,316$4,958$4,624$4,312$3,094
8 years$4,936$4,557$4,205$3,879$3,577$2,429
9 years$4,343$3,967$3,622$3,304$3,012$1,933
10 years$3,869$3,497$3,157$2,848$2,567$1,554
11 years$3,481$3,113$2,780$2,479$2,207$1,259
12 years$3,159$2,794$2,467$2,174$1,913$1,026
13 years$2,886$2,525$2,204$1,919$1,668$840
14 years$2,652$2,295$1,980$1,704$1,462$691
15 years$2,450$2,097$1,788$1,520$1,288$570
16 years$2,273$1,924$1,621$1,361$1,138$471
17 years$2,117$1,772$1,475$1,222$1,009$390
18 years$1,978$1,637$1,347$1,102$897$324
19 years$1,855$1,517$1,233$995$800$269
20 years$1,744$1,410$1,131$902$714$224
21 years$1,643$1,313$1,041$818$639$186
22 years$1,552$1,226$959$744$573$155
23 years$1,469$1,147$886$678$514$130
24 years$1,393$1,074$819$618$462$108
25 years$1,323$1,008$759$564$416$90
26 years$1,258$948$704$516$375$75
27 years$1,199$892$653$472$338$63
28 years$1,143$840$607$433$305$53
29 years$1,092$793$565$397$275$44
30 years$1,044$749$526$364$249$37
31 years$1,000$708$491$334$225$31
32 years$958$670$458$307$203$26
33 years$919$634$428$283$184$22
34 years$882$601$399$260$167$18
35 years$847$570$373$239$151$15
36 years$815$541$349$221$137$13
37 years$784$514$327$203$124$11
38 years$755$488$306$187$112$9
39 years$727$464$287$173$102$7
40 years$701$442$269$159$92$6
41 years$677$421$252$147$84$5
42 years$653$401$237$136$76$4
43 years$631$382$222$125$69$4
44 years$610$364$208$116$63$3
45 years$589$347$196$107$57$3
46 years$570$331$184$99$52$2
47 years$551$316$173$91$47$2
48 years$534$301$162$84$43$1
49 years$517$288$152$78$39$1
50 years$501$275$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $513,000, adding $2,470 every year, while hoping to spend $28,695 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: 81/14/5 Blend
56$513,000$513,000$513,000$513,000
57$567,874$540,685$532,733$613,597
58$595,266$536,647$520,049$639,815
59$624,490$531,450$505,977$664,498
60$655,703$525,006$490,442$690,701
61$689,076$517,223$473,364$718,558
62$724,798$508,003$454,658$748,220
63$763,075$497,243$434,236$779,850
64$804,133$484,832$412,008$813,630
65$848,220$470,654$387,876$849,760
66$895,610$454,588$361,741$888,460
67$946,601$436,501$333,497$929,972
68$1,001,521$416,256$303,037$974,563
69$1,060,732$393,709$270,244$1,022,530
70$1,124,629$368,703$235,000$1,074,196
71$1,193,649$341,077$197,180$1,129,920
72$1,268,269$310,658$156,654$1,190,097
73$1,349,016$277,264$113,285$1,255,163
74$1,436,468$240,702$66,933$1,325,600
75$1,531,260$200,769$17,447$1,401,935
76$1,634,092$157,250$0$1,484,755
77$1,745,732$109,917$0$1,576,590
78$1,867,025$58,532$0$1,677,381
79$1,998,902$2,840$0$1,786,989
80$2,142,385$0$0$1,906,287
81$2,298,602$0$0$2,045,087
82$2,468,789$0$0$2,196,789
83$2,654,312$0$0$2,362,173
84$2,856,669$0$0$2,542,577
85$3,077,513$0$0$2,739,475
86$3,318,660$0$0$2,954,490
87$3,582,114$0$0$3,189,407
88$3,870,075$0$0$3,446,193
89$4,184,969$0$0$3,727,013
90$4,529,468$0$0$4,034,249
91$4,906,511$0$0$4,370,526
92$5,319,336$0$0$4,738,735
93$5,771,508$0$0$5,142,056
94$6,266,954$0$0$5,583,996
95$6,809,999$0$0$6,068,413
96$7,405,404$0$0$6,599,558
97$8,058,416$0$0$7,182,114
98$8,774,811$0$0$7,821,236
99$9,560,952$0$0$8,522,605
100$10,423,851$0$0$9,292,477