Can I retire at age 57 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$43,189$42,804$42,429$42,062$41,705$40,113
2 years$21,381$20,982$20,597$20,222$19,859$18,275
3 years$14,112$13,712$13,327$12,957$12,600$11,072
4 years$10,479$10,080$9,699$9,335$8,986$7,527
5 years$8,299$7,903$7,527$7,170$6,831$5,444
6 years$6,847$6,453$6,083$5,734$5,405$4,091
7 years$5,809$5,419$5,055$4,714$4,396$3,154
8 years$5,032$4,645$4,287$3,954$3,647$2,476
9 years$4,428$4,045$3,692$3,368$3,071$1,971
10 years$3,944$3,565$3,219$2,904$2,617$1,584
11 years$3,549$3,174$2,834$2,527$2,251$1,283
12 years$3,220$2,849$2,515$2,216$1,950$1,046
13 years$2,942$2,574$2,247$1,957$1,701$856
14 years$2,704$2,340$2,019$1,737$1,491$704
15 years$2,497$2,138$1,823$1,549$1,313$581
16 years$2,317$1,961$1,653$1,387$1,160$480
17 years$2,158$1,806$1,504$1,246$1,029$398
18 years$2,017$1,669$1,373$1,123$915$330
19 years$1,891$1,547$1,257$1,015$815$274
20 years$1,778$1,437$1,153$919$728$228
21 years$1,675$1,339$1,061$834$652$190
22 years$1,582$1,250$978$758$584$158
23 years$1,497$1,169$903$691$524$132
24 years$1,420$1,095$835$630$471$110
25 years$1,348$1,028$773$575$424$92
26 years$1,283$966$717$526$382$77
27 years$1,222$909$666$482$344$64
28 years$1,166$857$619$441$311$54
29 years$1,113$808$576$405$281$45
30 years$1,065$763$537$371$254$38
31 years$1,019$721$500$341$229$31
32 years$977$683$467$313$207$26
33 years$937$646$436$288$188$22
34 years$899$613$407$265$170$18
35 years$864$581$381$244$154$15
36 years$831$552$356$225$139$13
37 years$799$524$333$207$126$11
38 years$770$498$312$191$115$9
39 years$742$473$292$176$104$8
40 years$715$450$274$162$94$6
41 years$690$429$257$150$85$5
42 years$666$408$241$138$78$4
43 years$643$389$226$128$70$4
44 years$621$371$212$118$64$3
45 years$601$354$199$109$58$3
46 years$581$337$187$101$53$2
47 years$562$322$176$93$48$2
48 years$544$307$165$86$43$2
49 years$527$294$155$79$39$1
50 years$511$280$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $523,000, adding $2,983 every year, while hoping to spend $41,230 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: 45/37/18 Blend
56$523,000$523,000$523,000$523,000
57$579,423$551,704$543,597$602,379
58$594,656$534,869$517,940$601,914
59$610,060$515,827$490,040$597,069
60$625,611$494,427$459,781$590,946
61$641,277$470,508$427,038$583,443
62$657,025$443,901$391,681$574,454
63$672,815$414,425$353,575$563,864
64$688,601$381,891$312,580$551,552
65$704,334$346,099$268,546$537,387
66$719,954$306,836$221,320$521,228
67$735,396$263,878$170,742$502,928
68$750,587$216,988$116,642$482,325
69$765,443$165,917$58,845$459,250
70$779,870$110,399$0$433,519
71$793,764$50,156$0$405,481
72$807,007$0$0$386,478
73$819,468$0$0$371,161
74$831,000$0$0$375,770
75$841,438$0$0$379,802
76$850,600$0$0$383,165
77$858,281$0$0$385,757
78$864,254$0$0$387,464
79$868,267$0$0$388,158
80$870,040$0$0$387,701
81$869,259$0$0$385,936
82$865,578$0$0$382,689
83$858,613$0$0$377,769
84$847,937$0$0$370,962
85$833,078$0$0$362,033
86$813,510$0$0$350,720
87$788,653$0$0$336,733
88$757,863$0$0$319,753
89$720,430$0$0$299,423
90$675,564$0$0$275,352
91$622,394$0$0$247,106
92$559,955$0$0$214,204
93$487,180$0$0$176,115
94$402,892$0$0$132,254
95$305,785$0$0$81,971
96$194,420$0$0$24,551
97$67,205$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0