Can I retire at age 57 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$43,271$42,886$42,510$42,143$41,784$41,331
2 years$21,422$21,023$20,636$20,261$19,897$19,441
3 years$14,139$13,738$13,353$12,981$12,624$12,178
4 years$10,499$10,099$9,717$9,352$9,003$8,572
5 years$8,315$7,918$7,541$7,184$6,844$6,429
6 years$6,860$6,466$6,094$5,745$5,416$5,016
7 years$5,821$5,430$5,064$4,723$4,404$4,022
8 years$5,042$4,654$4,295$3,962$3,654$3,288
9 years$4,436$4,052$3,699$3,375$3,077$2,727
10 years$3,952$3,572$3,225$2,909$2,622$2,288
11 years$3,556$3,180$2,839$2,532$2,255$1,937
12 years$3,226$2,854$2,520$2,221$1,954$1,651
13 years$2,948$2,579$2,251$1,961$1,704$1,416
14 years$2,709$2,345$2,023$1,740$1,494$1,221
15 years$2,502$2,142$1,826$1,552$1,315$1,056
16 years$2,322$1,965$1,656$1,390$1,162$917
17 years$2,162$1,810$1,507$1,249$1,031$799
18 years$2,021$1,672$1,375$1,125$916$697
19 years$1,894$1,550$1,259$1,017$817$610
20 years$1,781$1,440$1,156$921$730$535
21 years$1,678$1,341$1,063$836$653$470
22 years$1,585$1,252$980$760$585$413
23 years$1,500$1,171$905$692$525$364
24 years$1,422$1,097$837$631$472$320
25 years$1,351$1,030$775$576$425$283
26 years$1,285$968$719$527$383$249
27 years$1,224$911$667$482$345$220
28 years$1,168$858$620$442$311$195
29 years$1,115$810$577$405$281$172
30 years$1,067$765$538$372$254$152
31 years$1,021$723$501$342$230$135
32 years$978$684$468$314$208$119
33 years$938$648$437$289$188$106
34 years$901$614$408$266$170$94
35 years$866$582$381$245$154$83
36 years$832$553$357$225$140$74
37 years$801$525$334$208$127$65
38 years$771$499$313$191$115$58
39 years$743$474$293$176$104$51
40 years$716$451$275$163$94$46
41 years$691$430$258$150$86$40
42 years$667$409$242$139$78$36
43 years$644$390$227$128$71$32
44 years$623$372$213$118$64$28
45 years$602$354$200$109$58$25
46 years$582$338$188$101$53$22
47 years$563$323$176$93$48$20
48 years$545$308$166$86$44$18
49 years$528$294$156$79$40$16
50 years$512$281$146$73$36$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $524,000, adding $2,937 every year, while hoping to spend $37,491 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: 40/49/11 Blend
56$524,000$524,000$524,000$524,000
57$580,478$552,706$544,584$601,674
58$599,796$539,898$522,937$604,085
59$619,829$525,206$499,309$602,764
60$640,608$508,499$473,593$600,501
61$662,171$489,635$445,678$597,228
62$684,553$468,469$415,450$592,872
63$707,796$444,842$382,786$587,358
64$731,943$418,591$347,561$580,604
65$757,039$389,540$309,642$572,527
66$783,134$357,504$268,891$563,036
67$810,280$322,288$225,166$552,040
68$838,533$283,685$178,314$539,440
69$867,955$241,477$128,179$525,132
70$898,611$195,434$74,597$509,008
71$930,571$145,311$17,398$490,954
72$963,909$90,852$0$470,852
73$998,709$31,785$0$453,698
74$1,035,058$0$0$436,753
75$1,073,050$0$0$435,207
76$1,112,788$0$0$451,534
77$1,154,384$0$0$468,641
78$1,197,957$0$0$486,582
79$1,243,639$0$0$505,411
80$1,291,570$0$0$525,192
81$1,341,904$0$0$545,989
82$1,394,807$0$0$567,875
83$1,450,462$0$0$590,928
84$1,509,065$0$0$615,235
85$1,570,831$0$0$640,887
86$1,635,995$0$0$667,988
87$1,704,810$0$0$696,648
88$1,777,556$0$0$726,987
89$1,854,537$0$0$759,138
90$1,936,082$0$0$793,246
91$2,022,556$0$0$829,468
92$2,114,353$0$0$867,976
93$2,211,906$0$0$908,961
94$2,315,690$0$0$952,628
95$2,426,221$0$0$999,204
96$2,544,069$0$0$1,048,938
97$2,669,853$0$0$1,102,100
98$2,804,256$0$0$1,158,990
99$2,948,023$0$0$1,219,933
100$3,101,973$0$0$1,285,288