Can I retire at age 57 with 518,000?

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 $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%14.2%
1 years$42,776$42,395$42,023$41,660$41,306$40,588
2 years$21,176$20,782$20,400$20,029$19,670$18,949
3 years$13,977$13,581$13,200$12,833$12,479$11,778
4 years$10,378$9,984$9,606$9,245$8,900$8,224
5 years$8,220$7,827$7,455$7,101$6,766$6,116
6 years$6,781$6,392$6,025$5,679$5,354$4,731
7 years$5,754$5,368$5,006$4,669$4,354$3,759
8 years$4,984$4,601$4,246$3,917$3,612$3,045
9 years$4,385$4,006$3,657$3,336$3,042$2,502
10 years$3,907$3,531$3,188$2,876$2,592$2,079
11 years$3,515$3,144$2,807$2,503$2,229$1,742
12 years$3,189$2,821$2,491$2,195$1,932$1,470
13 years$2,914$2,550$2,226$1,938$1,684$1,248
14 years$2,678$2,318$2,000$1,720$1,477$1,064
15 years$2,474$2,117$1,805$1,534$1,300$911
16 years$2,295$1,943$1,637$1,374$1,149$782
17 years$2,138$1,789$1,490$1,234$1,019$674
18 years$1,998$1,653$1,360$1,112$906$581
19 years$1,873$1,532$1,245$1,005$807$503
20 years$1,761$1,424$1,142$910$721$436
21 years$1,659$1,326$1,051$826$645$378
22 years$1,567$1,238$968$751$578$328
23 years$1,483$1,158$894$684$519$285
24 years$1,406$1,085$827$624$467$248
25 years$1,335$1,018$766$570$420$216
26 years$1,270$957$710$521$378$189
27 years$1,210$900$660$477$341$164
28 years$1,155$848$613$437$308$143
29 years$1,103$800$571$401$278$125
30 years$1,054$756$532$368$251$109
31 years$1,009$715$496$338$227$96
32 years$967$676$462$310$205$83
33 years$928$640$432$285$186$73
34 years$891$607$403$263$168$64
35 years$856$576$377$242$152$56
36 years$823$546$353$223$138$49
37 years$792$519$330$205$125$43
38 years$762$493$309$189$113$37
39 years$735$469$290$174$103$33
40 years$708$446$272$161$93$29
41 years$683$425$255$148$85$25
42 years$659$404$239$137$77$22
43 years$637$385$224$126$70$19
44 years$615$367$210$117$63$17
45 years$595$350$198$108$57$15
46 years$575$334$186$100$52$13
47 years$557$319$174$92$47$11
48 years$539$304$164$85$43$10
49 years$522$291$154$79$39$9
50 years$506$278$145$73$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $518,000, adding $5,443 every year, while hoping to spend $35,932 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: 38/36/26 Blend
56$518,000$518,000$518,000$518,000
57$576,450$548,996$540,967$593,715
58$597,017$537,666$520,858$595,500
59$618,477$524,576$498,872$593,714
60$640,884$509,602$474,906$591,083
61$664,295$492,613$448,856$587,555
62$688,772$473,471$420,612$583,072
63$714,382$452,026$390,058$577,577
64$741,199$428,125$357,074$571,009
65$769,300$401,602$321,535$563,305
66$798,771$372,283$283,309$554,400
67$829,705$339,984$242,259$544,227
68$862,202$304,510$198,242$532,715
69$896,371$265,656$151,108$519,792
70$932,332$223,204$100,701$505,385
71$970,213$176,925$46,858$489,417
72$1,010,157$126,576$0$471,810
73$1,052,315$71,900$0$455,425
74$1,096,856$12,628$0$451,303
75$1,143,962$0$0$446,399
76$1,193,832$0$0$461,094
77$1,246,684$0$0$482,003
78$1,302,757$0$0$504,222
79$1,362,309$0$0$527,859
80$1,425,626$0$0$553,031
81$1,493,019$0$0$579,868
82$1,564,828$0$0$608,510
83$1,641,427$0$0$639,113
84$1,723,223$0$0$671,846
85$1,810,666$0$0$706,896
86$1,904,246$0$0$744,466
87$2,004,500$0$0$784,781
88$2,112,021$0$0$828,085
89$2,227,455$0$0$874,650
90$2,351,513$0$0$924,769
91$2,484,977$0$0$978,770
92$2,628,702$0$0$1,037,009
93$2,783,631$0$0$1,099,877
94$2,950,796$0$0$1,167,807
95$3,131,334$0$0$1,241,271
96$3,326,493$0$0$1,320,791
97$3,537,645$0$0$1,406,938
98$3,766,298$0$0$1,500,343
99$4,014,109$0$0$1,601,696
100$4,282,903$0$0$1,711,759