Can I retire at age 57 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$42,446$42,068$41,699$41,339$40,987$39,835
2 years$21,013$20,621$20,242$19,874$19,518$18,365
3 years$13,869$13,476$13,098$12,734$12,383$11,267
4 years$10,298$9,906$9,532$9,174$8,832$7,760
5 years$8,156$7,767$7,397$7,046$6,714$5,690
6 years$6,729$6,342$5,978$5,635$5,312$4,338
7 years$5,709$5,326$4,968$4,633$4,320$3,394
8 years$4,945$4,566$4,213$3,886$3,584$2,706
9 years$4,351$3,975$3,629$3,310$3,018$2,188
10 years$3,876$3,504$3,164$2,854$2,572$1,788
11 years$3,488$3,119$2,785$2,483$2,212$1,473
12 years$3,165$2,800$2,472$2,178$1,917$1,221
13 years$2,891$2,530$2,208$1,923$1,671$1,018
14 years$2,657$2,300$1,984$1,707$1,465$852
15 years$2,454$2,101$1,791$1,522$1,290$716
16 years$2,277$1,928$1,624$1,363$1,140$603
17 years$2,121$1,775$1,478$1,225$1,011$509
18 years$1,982$1,640$1,349$1,104$899$431
19 years$1,858$1,520$1,235$997$801$365
20 years$1,747$1,413$1,134$903$716$310
21 years$1,646$1,316$1,043$820$640$263
22 years$1,555$1,228$961$745$574$224
23 years$1,472$1,149$887$679$515$191
24 years$1,395$1,076$821$619$463$163
25 years$1,325$1,010$760$565$417$139
26 years$1,261$949$705$517$375$118
27 years$1,201$893$655$473$338$101
28 years$1,146$842$608$434$305$86
29 years$1,094$794$566$398$276$73
30 years$1,046$750$527$365$249$63
31 years$1,002$709$492$335$225$54
32 years$960$671$459$308$204$46
33 years$920$635$428$283$184$39
34 years$884$602$400$261$167$33
35 years$849$571$374$240$151$29
36 years$816$542$350$221$137$24
37 years$786$515$328$204$124$21
38 years$756$489$307$188$113$18
39 years$729$465$287$173$102$15
40 years$703$443$269$160$93$13
41 years$678$421$253$147$84$11
42 years$654$401$237$136$76$10
43 years$632$382$222$125$69$8
44 years$611$364$209$116$63$7
45 years$590$348$196$107$57$6
46 years$571$332$184$99$52$5
47 years$553$316$173$91$47$4
48 years$535$302$163$84$43$4
49 years$518$288$153$78$39$3
50 years$502$276$144$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $514,000, adding $5,575 every year, while hoping to spend $40,362 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: 26/45/29 Blend
56$514,000$514,000$514,000$514,000
57$572,179$544,937$536,970$581,781
58$587,596$528,694$512,013$573,889
59$603,233$510,302$484,868$561,631
60$619,070$489,614$455,418$547,657
61$635,083$466,473$423,542$531,851
62$651,244$440,713$389,114$514,090
63$667,523$412,159$352,001$494,241
64$683,882$380,627$312,065$472,166
65$700,280$345,920$269,161$447,718
66$716,671$307,832$223,140$420,739
67$732,999$266,144$173,843$391,064
68$749,205$220,624$121,107$358,519
69$765,218$171,030$64,759$322,915
70$780,963$117,103$4,620$284,056
71$796,351$58,570$0$241,733
72$811,284$0$0$214,152
73$825,651$0$0$187,776
74$839,330$0$0$190,158
75$852,183$0$0$192,255
76$864,054$0$0$194,021
77$874,773$0$0$195,406
78$884,146$0$0$196,351
79$891,959$0$0$196,795
80$897,975$0$0$196,668
81$901,929$0$0$195,891
82$903,525$0$0$194,379
83$902,435$0$0$192,035
84$898,298$0$0$188,754
85$890,709$0$0$184,417
86$879,220$0$0$178,896
87$863,336$0$0$172,045
88$842,506$0$0$163,704
89$816,122$0$0$153,697
90$783,508$0$0$141,828
91$743,918$0$0$127,881
92$696,525$0$0$111,616
93$640,416$0$0$92,769
94$574,577$0$0$71,047
95$497,892$0$0$46,128
96$409,123$0$0$17,653
97$306,904$0$0$0
98$189,724$0$0$0
99$55,914$0$0$0
100$0$0$0$0