Can I retire at age 57 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$42,941$42,559$42,185$41,821$41,466$40,678
2 years$21,258$20,862$20,478$20,106$19,745$18,955
3 years$14,031$13,634$13,251$12,882$12,527$11,759
4 years$10,419$10,022$9,643$9,281$8,935$8,194
5 years$8,251$7,857$7,484$7,129$6,792$6,081
6 years$6,807$6,416$6,048$5,701$5,374$4,694
7 years$5,776$5,388$5,026$4,687$4,371$3,721
8 years$5,003$4,619$4,262$3,932$3,626$3,007
9 years$4,402$4,021$3,671$3,349$3,054$2,465
10 years$3,922$3,545$3,201$2,887$2,602$2,043
11 years$3,529$3,156$2,818$2,512$2,238$1,708
12 years$3,202$2,832$2,501$2,204$1,939$1,438
13 years$2,925$2,560$2,234$1,946$1,691$1,217
14 years$2,688$2,327$2,007$1,727$1,482$1,035
15 years$2,483$2,125$1,812$1,540$1,305$883
16 years$2,304$1,950$1,643$1,379$1,153$757
17 years$2,146$1,796$1,495$1,239$1,023$650
18 years$2,005$1,660$1,365$1,117$909$559
19 years$1,880$1,538$1,250$1,009$811$482
20 years$1,767$1,429$1,147$914$724$416
21 years$1,665$1,331$1,055$829$648$360
22 years$1,573$1,243$972$754$581$312
23 years$1,489$1,162$898$687$521$270
24 years$1,412$1,089$830$626$469$234
25 years$1,341$1,022$769$572$422$204
26 years$1,275$960$713$523$380$177
27 years$1,215$904$662$479$342$154
28 years$1,159$852$616$439$309$134
29 years$1,107$804$573$402$279$116
30 years$1,058$759$534$369$252$101
31 years$1,013$717$497$339$228$88
32 years$971$679$464$312$206$77
33 years$931$643$433$287$187$67
34 years$894$609$405$264$169$58
35 years$859$578$379$243$153$51
36 years$826$548$354$224$139$44
37 years$795$521$331$206$126$39
38 years$765$495$310$190$114$34
39 years$737$471$291$175$103$29
40 years$711$448$273$161$94$26
41 years$686$426$256$149$85$22
42 years$662$406$240$137$77$19
43 years$639$387$225$127$70$17
44 years$618$369$211$117$64$15
45 years$597$352$198$108$58$13
46 years$578$335$186$100$52$11
47 years$559$320$175$92$48$10
48 years$541$306$164$85$43$9
49 years$524$292$155$79$39$7
50 years$508$279$145$73$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $520,000, adding $2,233 every year, while hoping to spend $31,384 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: 62/25/13 Blend
56$520,000$520,000$520,000$520,000
57$575,343$547,783$539,723$609,084
58$600,636$541,232$524,412$625,440
59$627,457$533,309$507,535$639,504
60$655,928$523,912$489,009$654,090
61$686,184$512,935$468,742$669,250
62$718,372$500,266$446,642$685,042
63$752,653$485,785$422,611$701,533
64$789,202$469,367$396,547$718,795
65$828,211$450,877$368,342$736,911
66$869,893$430,174$337,886$755,973
67$914,478$407,109$305,061$776,084
68$962,221$381,523$269,746$797,360
69$1,013,399$353,249$231,814$819,930
70$1,068,317$322,110$191,132$843,938
71$1,127,311$287,919$147,560$869,547
72$1,190,749$250,479$100,955$896,935
73$1,259,033$209,580$51,165$926,304
74$1,332,607$165,002$0$957,877
75$1,411,958$116,512$0$992,177
76$1,497,620$63,864$0$1,036,802
77$1,590,182$6,798$0$1,084,978
78$1,690,290$0$0$1,137,076
79$1,798,652$0$0$1,208,623
80$1,916,050$0$0$1,288,195
81$2,043,341$0$0$1,374,506
82$2,181,469$0$0$1,468,201
83$2,331,473$0$0$1,569,988
84$2,494,492$0$0$1,680,646
85$2,671,784$0$0$1,801,033
86$2,864,729$0$0$1,932,091
87$3,074,849$0$0$2,074,859
88$3,303,814$0$0$2,230,478
89$3,553,467$0$0$2,400,207
90$3,825,834$0$0$2,585,427
91$4,123,144$0$0$2,787,662
92$4,447,853$0$0$3,008,589
93$4,802,663$0$0$3,250,053
94$5,190,549$0$0$3,514,086
95$5,614,787$0$0$3,802,924
96$6,078,983$0$0$4,119,032
97$6,587,109$0$0$4,465,122
98$7,143,539$0$0$4,844,179
99$7,753,087$0$0$5,259,495
100$8,421,057$0$0$5,714,691