Can I retire at age 57 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$42,776$42,395$42,023$41,660$41,306$40,875
2 years$21,176$20,782$20,400$20,029$19,670$19,235
3 years$13,977$13,581$13,200$12,833$12,479$12,055
4 years$10,378$9,984$9,606$9,245$8,900$8,490
5 years$8,220$7,827$7,455$7,101$6,766$6,370
6 years$6,781$6,392$6,025$5,679$5,354$4,974
7 years$5,754$5,368$5,006$4,669$4,354$3,989
8 years$4,984$4,601$4,246$3,917$3,612$3,263
9 years$4,385$4,006$3,657$3,336$3,042$2,708
10 years$3,907$3,531$3,188$2,876$2,592$2,274
11 years$3,515$3,144$2,807$2,503$2,229$1,926
12 years$3,189$2,821$2,491$2,195$1,932$1,643
13 years$2,914$2,550$2,226$1,938$1,684$1,410
14 years$2,678$2,318$2,000$1,720$1,477$1,216
15 years$2,474$2,117$1,805$1,534$1,300$1,053
16 years$2,295$1,943$1,637$1,374$1,149$915
17 years$2,138$1,789$1,490$1,234$1,019$798
18 years$1,998$1,653$1,360$1,112$906$697
19 years$1,873$1,532$1,245$1,005$807$610
20 years$1,761$1,424$1,142$910$721$535
21 years$1,659$1,326$1,051$826$645$470
22 years$1,567$1,238$968$751$578$414
23 years$1,483$1,158$894$684$519$365
24 years$1,406$1,085$827$624$467$322
25 years$1,335$1,018$766$570$420$284
26 years$1,270$957$710$521$378$251
27 years$1,210$900$660$477$341$222
28 years$1,155$848$613$437$308$196
29 years$1,103$800$571$401$278$174
30 years$1,054$756$532$368$251$154
31 years$1,009$715$496$338$227$136
32 years$967$676$462$310$205$121
33 years$928$640$432$285$186$107
34 years$891$607$403$263$168$95
35 years$856$576$377$242$152$84
36 years$823$546$353$223$138$75
37 years$792$519$330$205$125$66
38 years$762$493$309$189$113$59
39 years$735$469$290$174$103$52
40 years$708$446$272$161$93$46
41 years$683$425$255$148$85$41
42 years$659$404$239$137$77$37
43 years$637$385$224$126$70$32
44 years$615$367$210$117$63$29
45 years$595$350$198$108$57$26
46 years$575$334$186$100$52$23
47 years$557$319$174$92$47$20
48 years$539$304$164$85$43$18
49 years$522$291$154$79$39$16
50 years$506$278$145$73$35$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $518,000, adding $2,758 every year, while hoping to spend $23,157 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: 26/50/24 Blend
56$518,000$518,000$518,000$518,000
57$573,681$546,227$538,198$584,194
58$607,557$548,353$531,589$594,999
59$644,113$549,807$523,982$604,395
60$683,597$550,532$515,320$613,987
61$726,283$550,467$505,542$623,806
62$772,471$549,547$494,584$633,890
63$822,491$547,703$482,381$644,279
64$876,707$544,862$468,862$655,024
65$935,518$540,948$453,956$666,179
66$999,363$535,877$437,587$677,809
67$1,068,727$529,563$419,674$689,987
68$1,144,139$521,913$400,135$702,796
69$1,226,185$512,831$378,883$716,331
70$1,315,507$502,211$355,828$730,700
71$1,412,815$489,946$330,874$746,024
72$1,518,887$475,918$303,923$762,441
73$1,634,579$460,004$274,870$780,108
74$1,760,837$442,074$243,609$799,198
75$1,898,698$421,992$210,025$819,910
76$2,049,306$399,610$174,002$842,465
77$2,213,919$374,775$135,415$867,113
78$2,393,924$347,324$94,137$894,134
79$2,590,847$317,085$50,033$923,842
80$2,806,366$283,876$2,962$956,587
81$3,042,334$247,504$0$992,762
82$3,300,786$207,766$0$1,044,913
83$3,583,966$164,446$0$1,103,020
84$3,894,346$117,319$0$1,166,913
85$4,234,646$66,145$0$1,237,246
86$4,607,863$10,669$0$1,314,745
87$5,017,300$0$0$1,400,214
88$5,466,590$0$0$1,521,714
89$5,959,741$0$0$1,661,607
90$6,501,163$0$0$1,815,287
91$7,095,716$0$0$1,984,144
92$7,748,754$0$0$2,169,712
93$8,466,173$0$0$2,373,677
94$9,254,472$0$0$2,597,901
95$10,120,807$0$0$2,844,432
96$11,073,062$0$0$3,115,528
97$12,119,926$0$0$3,413,676
98$13,270,968$0$0$3,741,616
99$14,536,733$0$0$4,102,369
100$15,928,838$0$0$4,499,259