Can I retire at age 57 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$42,528$42,149$41,780$41,419$41,067$40,825
2 years$21,054$20,661$20,281$19,913$19,556$19,312
3 years$13,896$13,502$13,123$12,758$12,407$12,168
4 years$10,318$9,926$9,551$9,192$8,849$8,618
5 years$8,172$7,782$7,412$7,060$6,727$6,503
6 years$6,742$6,355$5,990$5,646$5,323$5,107
7 years$5,721$5,337$4,977$4,642$4,329$4,122
8 years$4,955$4,574$4,221$3,894$3,591$3,393
9 years$4,360$3,983$3,636$3,317$3,024$2,834
10 years$3,884$3,511$3,170$2,859$2,577$2,395
11 years$3,495$3,125$2,791$2,488$2,216$2,042
12 years$3,171$2,805$2,477$2,183$1,920$1,754
13 years$2,897$2,535$2,213$1,927$1,675$1,516
14 years$2,662$2,304$1,988$1,710$1,468$1,317
15 years$2,459$2,105$1,795$1,525$1,293$1,149
16 years$2,282$1,931$1,627$1,366$1,142$1,006
17 years$2,125$1,779$1,481$1,227$1,013$884
18 years$1,986$1,644$1,352$1,106$901$778
19 years$1,862$1,523$1,238$999$803$687
20 years$1,750$1,415$1,136$905$717$607
21 years$1,649$1,318$1,045$821$642$538
22 years$1,558$1,231$963$747$575$477
23 years$1,474$1,151$889$680$516$424
24 years$1,398$1,078$822$620$464$377
25 years$1,328$1,012$762$567$418$336
26 years$1,263$951$706$518$376$299
27 years$1,203$895$656$474$339$267
28 years$1,148$844$610$434$306$238
29 years$1,096$796$567$398$276$213
30 years$1,048$752$528$366$250$190
31 years$1,004$710$493$336$226$170
32 years$962$672$460$309$204$152
33 years$922$637$429$284$185$136
34 years$885$603$401$261$167$122
35 years$851$572$375$240$152$109
36 years$818$543$351$221$137$97
37 years$787$516$328$204$124$87
38 years$758$490$307$188$113$78
39 years$730$466$288$173$102$70
40 years$704$444$270$160$93$63
41 years$679$422$253$148$84$56
42 years$656$402$237$136$76$51
43 years$633$383$223$126$69$45
44 years$612$365$209$116$63$41
45 years$592$348$196$107$57$36
46 years$572$332$184$99$52$33
47 years$554$317$173$91$47$29
48 years$536$303$163$85$43$26
49 years$519$289$153$78$39$24
50 years$503$276$144$72$35$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $515,000, adding $5,957 every year, while hoping to spend $33,654 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: 47/48/5 Blend
56$515,000$515,000$515,000$515,000
57$573,675$546,380$538,397$599,614
58$596,382$537,345$520,626$608,976
59$620,277$526,739$501,131$615,087
60$645,447$514,450$479,820$620,920
61$671,983$500,359$456,595$626,456
62$699,988$484,340$431,354$631,682
63$729,573$466,258$403,990$636,580
64$760,858$445,974$374,393$641,137
65$793,976$423,337$342,445$645,340
66$829,071$398,189$308,026$649,179
67$866,299$370,364$271,008$652,643
68$905,834$339,684$231,259$655,726
69$947,863$305,962$188,640$658,426
70$992,592$269,002$143,007$660,741
71$1,040,248$228,594$94,209$662,675
72$1,091,076$184,518$42,088$664,238
73$1,145,348$136,542$0$665,444
74$1,203,359$84,418$0$667,036
75$1,265,435$27,887$0$670,763
76$1,331,931$0$0$674,424
77$1,403,239$0$0$695,677
78$1,479,787$0$0$734,344
79$1,562,045$0$0$775,938
80$1,650,531$0$0$820,725
81$1,745,810$0$0$868,998
82$1,848,506$0$0$921,079
83$1,959,303$0$0$977,321
84$2,078,951$0$0$1,038,111
85$2,208,278$0$0$1,103,876
86$2,348,190$0$0$1,175,086
87$2,499,685$0$0$1,252,256
88$2,663,860$0$0$1,335,952
89$2,841,921$0$0$1,426,798
90$3,035,194$0$0$1,525,480
91$3,245,137$0$0$1,632,751
92$3,473,357$0$0$1,749,442
93$3,721,616$0$0$1,876,465
94$3,991,859$0$0$2,014,824
95$4,286,221$0$0$2,165,626
96$4,607,055$0$0$2,330,086
97$4,956,949$0$0$2,509,543
98$5,338,751$0$0$2,705,470
99$5,755,597$0$0$2,919,492
100$6,210,939$0$0$3,153,392