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%15.2%
1 years$42,693$42,313$41,942$41,580$41,226$40,344
2 years$21,135$20,742$20,360$19,990$19,632$18,747
3 years$13,950$13,555$13,174$12,808$12,455$11,596
4 years$10,358$9,964$9,588$9,227$8,883$8,056
5 years$8,204$7,812$7,440$7,088$6,753$5,960
6 years$6,768$6,379$6,013$5,668$5,343$4,586
7 years$5,743$5,357$4,997$4,660$4,345$3,623
8 years$4,974$4,592$4,238$3,909$3,605$2,918
9 years$4,377$3,998$3,650$3,330$3,036$2,383
10 years$3,899$3,524$3,182$2,870$2,587$1,968
11 years$3,508$3,137$2,801$2,498$2,225$1,639
12 years$3,183$2,816$2,486$2,191$1,928$1,374
13 years$2,908$2,545$2,221$1,934$1,681$1,159
14 years$2,673$2,313$1,996$1,717$1,474$981
15 years$2,469$2,113$1,802$1,531$1,298$834
16 years$2,291$1,939$1,634$1,371$1,147$711
17 years$2,133$1,786$1,487$1,232$1,017$608
18 years$1,994$1,650$1,357$1,110$904$521
19 years$1,869$1,529$1,242$1,003$806$447
20 years$1,757$1,421$1,140$909$720$385
21 years$1,656$1,324$1,049$825$644$331
22 years$1,564$1,235$967$750$577$285
23 years$1,480$1,156$892$683$518$246
24 years$1,403$1,083$825$623$466$213
25 years$1,333$1,016$764$569$419$184
26 years$1,268$955$709$520$378$159
27 years$1,208$899$658$476$340$137
28 years$1,152$847$612$436$307$119
29 years$1,101$799$570$400$277$103
30 years$1,052$754$531$367$251$89
31 years$1,007$713$495$337$227$77
32 years$965$675$461$310$205$67
33 years$926$639$431$285$185$58
34 years$889$606$403$262$168$50
35 years$854$574$376$241$152$44
36 years$821$545$352$222$138$38
37 years$790$518$330$205$125$33
38 years$761$492$309$189$113$28
39 years$733$468$289$174$103$25
40 years$707$445$271$161$93$21
41 years$682$424$254$148$85$19
42 years$658$404$238$137$77$16
43 years$636$385$224$126$70$14
44 years$614$367$210$116$63$12
45 years$594$350$197$108$57$11
46 years$574$334$185$99$52$9
47 years$556$318$174$92$47$8
48 years$538$304$163$85$43$7
49 years$521$290$154$78$39$6
50 years$505$277$144$72$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $517,000, adding $3,484 every year, while hoping to spend $32,232 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: 70/19/11 Blend
56$517,000$517,000$517,000$517,000
57$573,328$545,927$537,913$611,923
58$597,513$538,383$521,639$630,423
59$623,084$529,388$503,739$646,412
60$650,149$518,839$484,125$663,052
61$678,826$506,624$462,704$680,401
62$709,242$492,624$439,381$698,522
63$741,538$476,716$414,053$717,488
64$775,866$458,766$386,615$737,378
65$812,394$438,636$356,957$758,282
66$851,306$416,177$324,963$780,299
67$892,803$391,233$290,512$803,538
68$937,104$363,638$253,480$828,122
69$984,451$333,219$213,734$854,189
70$1,035,108$299,789$171,136$881,888
71$1,089,364$263,154$125,545$911,389
72$1,147,538$223,108$76,809$942,878
73$1,209,978$179,431$24,773$976,564
74$1,277,066$131,894$0$1,012,678
75$1,349,223$80,253$0$1,055,084
76$1,426,910$24,252$0$1,103,797
77$1,510,634$0$0$1,156,241
78$1,600,949$0$0$1,220,395
79$1,698,468$0$0$1,295,161
80$1,803,862$0$0$1,375,989
81$1,917,869$0$0$1,463,445
82$2,041,300$0$0$1,558,156
83$2,175,047$0$0$1,660,808
84$2,320,090$0$0$1,772,158
85$2,477,508$0$0$1,893,037
86$2,648,487$0$0$2,024,360
87$2,834,332$0$0$2,167,132
88$3,036,477$0$0$2,322,460
89$3,256,502$0$0$2,491,561
90$3,496,144$0$0$2,675,775
91$3,757,315$0$0$2,876,576
92$4,042,119$0$0$3,095,587
93$4,352,872$0$0$3,334,593
94$4,692,124$0$0$3,595,561
95$5,062,680$0$0$3,880,653
96$5,467,630$0$0$4,192,253
97$5,910,373$0$0$4,532,983
98$6,394,656$0$0$4,905,731
99$6,924,600$0$0$5,313,676
100$7,504,746$0$0$5,760,320