Can I retire at age 57 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$42,693$42,313$41,942$41,580$41,226$40,035
2 years$21,135$20,742$20,360$19,990$19,632$18,441
3 years$13,950$13,555$13,174$12,808$12,455$11,302
4 years$10,358$9,964$9,588$9,227$8,883$7,777
5 years$8,204$7,812$7,440$7,088$6,753$5,696
6 years$6,768$6,379$6,013$5,668$5,343$4,337
7 years$5,743$5,357$4,997$4,660$4,345$3,390
8 years$4,974$4,592$4,238$3,909$3,605$2,700
9 years$4,377$3,998$3,650$3,330$3,036$2,180
10 years$3,899$3,524$3,182$2,870$2,587$1,779
11 years$3,508$3,137$2,801$2,498$2,225$1,464
12 years$3,183$2,816$2,486$2,191$1,928$1,212
13 years$2,908$2,545$2,221$1,934$1,681$1,009
14 years$2,673$2,313$1,996$1,717$1,474$844
15 years$2,469$2,113$1,802$1,531$1,298$708
16 years$2,291$1,939$1,634$1,371$1,147$595
17 years$2,133$1,786$1,487$1,232$1,017$502
18 years$1,994$1,650$1,357$1,110$904$424
19 years$1,869$1,529$1,242$1,003$806$359
20 years$1,757$1,421$1,140$909$720$304
21 years$1,656$1,324$1,049$825$644$258
22 years$1,564$1,235$967$750$577$219
23 years$1,480$1,156$892$683$518$186
24 years$1,403$1,083$825$623$466$158
25 years$1,333$1,016$764$569$419$135
26 years$1,268$955$709$520$378$115
27 years$1,208$899$658$476$340$98
28 years$1,152$847$612$436$307$83
29 years$1,101$799$570$400$277$71
30 years$1,052$754$531$367$251$61
31 years$1,007$713$495$337$227$52
32 years$965$675$461$310$205$44
33 years$926$639$431$285$185$38
34 years$889$606$403$262$168$32
35 years$854$574$376$241$152$27
36 years$821$545$352$222$138$23
37 years$790$518$330$205$125$20
38 years$761$492$309$189$113$17
39 years$733$468$289$174$103$15
40 years$707$445$271$161$93$12
41 years$682$424$254$148$85$11
42 years$658$404$238$137$77$9
43 years$636$385$224$126$70$8
44 years$614$367$210$116$63$7
45 years$594$350$197$108$57$6
46 years$574$334$185$99$52$5
47 years$556$318$174$92$47$4
48 years$538$304$163$85$43$4
49 years$521$290$154$78$39$3
50 years$505$277$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 $517,000, adding $4,535 every year, while hoping to spend $41,690 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: 50/30/20 Blend
56$517,000$517,000$517,000$517,000
57$574,412$547,011$538,997$599,717
58$588,644$529,457$512,696$600,149
59$602,931$509,645$484,116$595,979
60$617,233$487,421$453,138$590,567
61$631,508$462,622$419,635$583,811
62$645,705$435,073$383,476$575,601
63$659,769$404,594$344,524$565,821
64$673,635$370,989$302,635$554,346
65$687,232$334,054$257,660$541,040
66$700,481$293,573$209,443$525,760
67$713,290$249,319$157,819$508,350
68$725,559$201,048$102,619$488,643
69$737,173$148,507$43,665$466,460
70$748,007$91,426$0$441,608
71$757,919$29,521$0$417,988
72$766,750$0$0$401,479
73$774,326$0$0$394,939
74$780,449$0$0$397,314
75$784,901$0$0$398,737
76$787,441$0$0$399,073
77$787,797$0$0$398,173
78$785,671$0$0$395,871
79$780,730$0$0$391,982
80$772,606$0$0$386,302
81$760,888$0$0$378,604
82$745,123$0$0$368,637
83$724,809$0$0$356,123
84$699,389$0$0$340,755
85$668,246$0$0$322,190
86$630,699$0$0$300,052
87$585,992$0$0$273,924
88$533,291$0$0$243,343
89$471,671$0$0$207,800
90$400,111$0$0$166,729
91$317,483$0$0$119,508
92$222,538$0$0$65,448
93$113,898$0$0$3,786
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0