Can I retire at age 57 with 514,000?

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 $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%16.5%
1 years$42,446$42,068$41,699$41,339$40,987$39,899
2 years$21,013$20,621$20,242$19,874$19,518$18,429
3 years$13,869$13,476$13,098$12,734$12,383$11,328
4 years$10,298$9,906$9,532$9,174$8,832$7,818
5 years$8,156$7,767$7,397$7,046$6,714$5,745
6 years$6,729$6,342$5,978$5,635$5,312$4,389
7 years$5,709$5,326$4,968$4,633$4,320$3,442
8 years$4,945$4,566$4,213$3,886$3,584$2,751
9 years$4,351$3,975$3,629$3,310$3,018$2,229
10 years$3,876$3,504$3,164$2,854$2,572$1,826
11 years$3,488$3,119$2,785$2,483$2,212$1,508
12 years$3,165$2,800$2,472$2,178$1,917$1,254
13 years$2,891$2,530$2,208$1,923$1,671$1,048
14 years$2,657$2,300$1,984$1,707$1,465$880
15 years$2,454$2,101$1,791$1,522$1,290$741
16 years$2,277$1,928$1,624$1,363$1,140$626
17 years$2,121$1,775$1,478$1,225$1,011$530
18 years$1,982$1,640$1,349$1,104$899$450
19 years$1,858$1,520$1,235$997$801$383
20 years$1,747$1,413$1,134$903$716$326
21 years$1,646$1,316$1,043$820$640$278
22 years$1,555$1,228$961$745$574$237
23 years$1,472$1,149$887$679$515$202
24 years$1,395$1,076$821$619$463$173
25 years$1,325$1,010$760$565$417$148
26 years$1,261$949$705$517$375$127
27 years$1,201$893$655$473$338$108
28 years$1,146$842$608$434$305$93
29 years$1,094$794$566$398$276$79
30 years$1,046$750$527$365$249$68
31 years$1,002$709$492$335$225$58
32 years$960$671$459$308$204$50
33 years$920$635$428$283$184$43
34 years$884$602$400$261$167$37
35 years$849$571$374$240$151$32
36 years$816$542$350$221$137$27
37 years$786$515$328$204$124$23
38 years$756$489$307$188$113$20
39 years$729$465$287$173$102$17
40 years$703$443$269$160$93$15
41 years$678$421$253$147$84$13
42 years$654$401$237$136$76$11
43 years$632$382$222$125$69$9
44 years$611$364$209$116$63$8
45 years$590$348$196$107$57$7
46 years$571$332$184$99$52$6
47 years$553$316$173$91$47$5
48 years$535$302$163$84$43$4
49 years$518$288$153$78$39$4
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 $3,543 every year, while hoping to spend $27,226 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: 56/20/24 Blend
56$514,000$514,000$514,000$514,000
57$570,083$542,841$534,874$598,093
58$599,263$540,472$523,824$615,309
59$630,507$537,074$511,491$630,887
60$663,997$532,569$497,804$647,284
61$699,931$526,871$482,687$664,588
62$738,530$519,894$466,063$682,896
63$780,033$511,541$447,849$702,315
64$824,703$501,714$427,959$722,967
65$872,831$490,306$406,303$744,985
66$924,733$477,205$382,789$768,519
67$980,761$462,293$357,317$793,736
68$1,041,297$445,443$329,785$820,820
69$1,106,763$426,524$300,087$849,979
70$1,177,624$405,394$268,111$881,440
71$1,254,388$381,905$233,739$915,458
72$1,337,617$355,900$196,851$952,317
73$1,427,926$327,211$157,317$992,329
74$1,525,994$295,664$115,007$1,035,845
75$1,632,566$261,072$69,780$1,083,249
76$1,748,462$223,239$21,492$1,134,973
77$1,874,585$181,958$0$1,191,490
78$2,011,928$137,009$0$1,261,023
79$2,161,583$88,161$0$1,342,836
80$2,324,752$35,169$0$1,432,110
81$2,502,760$0$0$1,529,608
82$2,697,062$0$0$1,641,063
83$2,909,262$0$0$1,771,280
84$3,141,125$0$0$1,913,609
85$3,394,594$0$0$2,069,247
86$3,671,809$0$0$2,239,515
87$3,975,125$0$0$2,425,865
88$4,307,137$0$0$2,629,897
89$4,670,700$0$0$2,853,373
90$5,068,960$0$0$3,098,234
91$5,505,380$0$0$3,366,615
92$5,983,776$0$0$3,660,871
93$6,508,349$0$0$3,983,592
94$7,083,727$0$0$4,337,635
95$7,715,007$0$0$4,726,143
96$8,407,802$0$0$5,152,580
97$9,168,297$0$0$5,620,762
98$10,003,304$0$0$6,134,890
99$10,920,327$0$0$6,699,595
100$11,927,631$0$0$7,319,977