Can I retire at age 57 with 523,000?

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 $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%16.2%
1 years$43,189$42,804$42,429$42,062$41,705$40,647
2 years$21,381$20,982$20,597$20,222$19,859$18,801
3 years$14,112$13,712$13,327$12,957$12,600$11,573
4 years$10,479$10,080$9,699$9,335$8,986$7,999
5 years$8,299$7,903$7,527$7,170$6,831$5,887
6 years$6,847$6,453$6,083$5,734$5,405$4,505
7 years$5,809$5,419$5,055$4,714$4,396$3,539
8 years$5,032$4,645$4,287$3,954$3,647$2,834
9 years$4,428$4,045$3,692$3,368$3,071$2,300
10 years$3,944$3,565$3,219$2,904$2,617$1,888
11 years$3,549$3,174$2,834$2,527$2,251$1,562
12 years$3,220$2,849$2,515$2,216$1,950$1,301
13 years$2,942$2,574$2,247$1,957$1,701$1,090
14 years$2,704$2,340$2,019$1,737$1,491$917
15 years$2,497$2,138$1,823$1,549$1,313$774
16 years$2,317$1,961$1,653$1,387$1,160$655
17 years$2,158$1,806$1,504$1,246$1,029$556
18 years$2,017$1,669$1,373$1,123$915$473
19 years$1,891$1,547$1,257$1,015$815$403
20 years$1,778$1,437$1,153$919$728$344
21 years$1,675$1,339$1,061$834$652$294
22 years$1,582$1,250$978$758$584$251
23 years$1,497$1,169$903$691$524$215
24 years$1,420$1,095$835$630$471$184
25 years$1,348$1,028$773$575$424$158
26 years$1,283$966$717$526$382$136
27 years$1,222$909$666$482$344$116
28 years$1,166$857$619$441$311$100
29 years$1,113$808$576$405$281$86
30 years$1,065$763$537$371$254$74
31 years$1,019$721$500$341$229$63
32 years$977$683$467$313$207$54
33 years$937$646$436$288$188$47
34 years$899$613$407$265$170$40
35 years$864$581$381$244$154$35
36 years$831$552$356$225$139$30
37 years$799$524$333$207$126$26
38 years$770$498$312$191$115$22
39 years$742$473$292$176$104$19
40 years$715$450$274$162$94$16
41 years$690$429$257$150$85$14
42 years$666$408$241$138$78$12
43 years$643$389$226$128$70$10
44 years$621$371$212$118$64$9
45 years$601$354$199$109$58$8
46 years$581$337$187$101$53$7
47 years$562$322$176$93$48$6
48 years$544$307$165$86$43$5
49 years$527$294$155$79$39$4
50 years$511$280$146$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $523,000, adding $5,627 every year, while hoping to spend $20,743 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: 56/29/15 Blend
56$523,000$523,000$523,000$523,000
57$582,150$554,431$546,325$612,171
58$619,459$559,528$542,556$638,290
59$659,878$564,179$537,966$663,990
60$703,703$568,341$532,505$691,509
61$751,259$571,968$526,122$721,027
62$802,902$575,009$518,762$752,739
63$859,025$577,412$510,368$786,863
64$920,061$579,120$500,881$823,641
65$986,486$580,076$490,238$863,338
66$1,058,822$580,214$478,376$906,247
67$1,137,645$579,468$465,225$952,693
68$1,223,589$577,766$450,714$1,003,034
69$1,317,352$575,033$434,770$1,057,666
70$1,419,700$571,188$417,313$1,117,026
71$1,531,480$566,146$398,263$1,181,597
72$1,653,620$559,817$377,534$1,251,913
73$1,787,146$552,104$355,038$1,328,562
74$1,933,184$542,907$330,681$1,412,196
75$2,092,976$532,116$304,366$1,503,532
76$2,267,889$519,619$275,992$1,603,363
77$2,459,428$505,295$245,452$1,712,567
78$2,669,250$489,016$212,636$1,832,109
79$2,899,182$470,646$177,427$1,963,057
80$3,151,234$450,043$139,706$2,106,589
81$3,427,620$427,054$99,346$2,264,007
82$3,730,778$401,521$56,215$2,436,746
83$4,063,394$373,273$10,175$2,626,392
84$4,428,428$342,131$0$2,834,693
85$4,829,139$307,906$0$3,069,815
86$5,269,115$270,398$0$3,329,796
87$5,752,313$229,395$0$3,615,384
88$6,283,088$184,674$0$3,929,196
89$6,866,238$135,999$0$4,274,124
90$7,507,053$83,121$0$4,653,354
91$8,211,354$25,776$0$5,070,400
92$8,985,560$0$0$5,529,138
93$9,836,739$0$0$6,045,428
94$10,772,679$0$0$6,622,227
95$11,801,963$0$0$7,256,606
96$12,934,043$0$0$7,954,396
97$14,179,336$0$0$8,722,027
98$15,549,318$0$0$9,566,578
99$17,056,636$0$0$10,495,853
100$18,715,220$0$0$11,518,449