Can I retire at age 57 with 520,000?

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 $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%19.3%
1 years$42,941$42,559$42,185$41,821$41,466$39,915
2 years$21,258$20,862$20,478$20,106$19,745$18,201
3 years$14,031$13,634$13,251$12,882$12,527$11,038
4 years$10,419$10,022$9,643$9,281$8,935$7,511
5 years$8,251$7,857$7,484$7,129$6,792$5,438
6 years$6,807$6,416$6,048$5,701$5,374$4,091
7 years$5,776$5,388$5,026$4,687$4,371$3,158
8 years$5,003$4,619$4,262$3,932$3,626$2,482
9 years$4,402$4,021$3,671$3,349$3,054$1,978
10 years$3,922$3,545$3,201$2,887$2,602$1,592
11 years$3,529$3,156$2,818$2,512$2,238$1,291
12 years$3,202$2,832$2,501$2,204$1,939$1,054
13 years$2,925$2,560$2,234$1,946$1,691$864
14 years$2,688$2,327$2,007$1,727$1,482$711
15 years$2,483$2,125$1,812$1,540$1,305$587
16 years$2,304$1,950$1,643$1,379$1,153$486
17 years$2,146$1,796$1,495$1,239$1,023$404
18 years$2,005$1,660$1,365$1,117$909$335
19 years$1,880$1,538$1,250$1,009$811$279
20 years$1,767$1,429$1,147$914$724$233
21 years$1,665$1,331$1,055$829$648$194
22 years$1,573$1,243$972$754$581$162
23 years$1,489$1,162$898$687$521$135
24 years$1,412$1,089$830$626$469$113
25 years$1,341$1,022$769$572$422$95
26 years$1,275$960$713$523$380$79
27 years$1,215$904$662$479$342$66
28 years$1,159$852$616$439$309$55
29 years$1,107$804$573$402$279$46
30 years$1,058$759$534$369$252$39
31 years$1,013$717$497$339$228$33
32 years$971$679$464$312$206$27
33 years$931$643$433$287$187$23
34 years$894$609$405$264$169$19
35 years$859$578$379$243$153$16
36 years$826$548$354$224$139$13
37 years$795$521$331$206$126$11
38 years$765$495$310$190$114$9
39 years$737$471$291$175$103$8
40 years$711$448$273$161$94$7
41 years$686$426$256$149$85$6
42 years$662$406$240$137$77$5
43 years$639$387$225$127$70$4
44 years$618$369$211$117$64$3
45 years$597$352$198$108$58$3
46 years$578$335$186$100$52$2
47 years$559$320$175$92$48$2
48 years$541$306$164$85$43$2
49 years$524$292$155$79$39$1
50 years$508$279$145$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $520,000, adding $3,616 every year, while hoping to spend $40,822 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: 76/9/15 Blend
56$520,000$520,000$520,000$520,000
57$576,770$549,210$541,150$618,475
58$592,166$532,687$515,844$629,988
59$607,765$513,986$488,322$637,138
60$623,543$492,958$458,467$643,862
61$639,475$469,443$426,157$650,103
62$655,530$443,275$391,262$655,800
63$671,674$414,275$353,649$660,887
64$687,867$382,257$313,179$665,291
65$704,064$347,022$269,705$668,934
66$720,213$308,361$223,074$671,728
67$736,256$266,051$173,128$673,579
68$752,126$219,860$119,700$674,384
69$767,750$169,540$62,617$674,032
70$783,042$114,829$1,697$672,397
71$797,910$55,453$0$669,348
72$812,246$0$0$674,870
73$825,933$0$0$680,497
74$838,836$0$0$690,951
75$850,809$0$0$700,613
76$861,685$0$0$709,345
77$871,280$0$0$716,992
78$879,386$0$0$723,381
79$885,776$0$0$728,319
80$890,193$0$0$731,592
81$892,353$0$0$732,962
82$891,942$0$0$732,164
83$888,609$0$0$728,904
84$881,965$0$0$722,857
85$871,579$0$0$713,661
86$856,973$0$0$700,914
87$837,616$0$0$684,173
88$812,922$0$0$662,944
89$782,240$0$0$636,684
90$744,850$0$0$604,787
91$699,955$0$0$566,587
92$646,673$0$0$521,344
93$584,029$0$0$468,241
94$510,945$0$0$406,373
95$426,227$0$0$334,741
96$328,558$0$0$252,241
97$216,480$0$0$157,651
98$88,385$0$0$49,623
99$0$0$0$0
100$0$0$0$0