Can I retire at age 57 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$43,684$43,295$42,916$42,545$42,183$42,005
2 years$21,626$21,223$20,833$20,454$20,087$19,908
3 years$14,274$13,870$13,480$13,105$12,744$12,569
4 years$10,599$10,196$9,810$9,442$9,089$8,919
5 years$8,394$7,993$7,613$7,252$6,910$6,745
6 years$6,925$6,527$6,152$5,800$5,467$5,309
7 years$5,876$5,482$5,113$4,768$4,446$4,294
8 years$5,090$4,699$4,336$4,000$3,689$3,542
9 years$4,478$4,091$3,735$3,407$3,106$2,966
10 years$3,990$3,606$3,256$2,937$2,647$2,512
11 years$3,590$3,210$2,866$2,556$2,276$2,147
12 years$3,257$2,881$2,544$2,242$1,973$1,849
13 years$2,976$2,604$2,273$1,979$1,720$1,603
14 years$2,735$2,367$2,042$1,757$1,508$1,396
15 years$2,526$2,162$1,844$1,567$1,328$1,221
16 years$2,344$1,984$1,672$1,403$1,173$1,072
17 years$2,183$1,827$1,521$1,261$1,040$944
18 years$2,040$1,688$1,389$1,136$925$834
19 years$1,913$1,565$1,271$1,027$825$738
20 years$1,798$1,454$1,167$930$737$654
21 years$1,694$1,354$1,073$844$659$581
22 years$1,600$1,264$989$767$591$517
23 years$1,514$1,182$913$699$530$461
24 years$1,436$1,108$845$637$477$411
25 years$1,364$1,040$782$582$429$367
26 years$1,297$977$725$532$386$328
27 years$1,236$920$674$487$348$294
28 years$1,179$866$626$446$314$263
29 years$1,126$817$583$409$284$235
30 years$1,077$772$543$376$256$211
31 years$1,031$730$506$345$232$189
32 years$988$690$472$317$210$170
33 years$947$654$441$292$190$152
34 years$909$620$412$268$172$137
35 years$874$588$385$247$156$123
36 years$840$558$360$227$141$110
37 years$808$530$337$210$128$99
38 years$778$504$316$193$116$89
39 years$750$479$296$178$105$80
40 years$723$456$277$164$95$72
41 years$698$434$260$152$86$65
42 years$673$413$244$140$78$58
43 years$650$394$229$129$71$53
44 years$629$375$215$119$65$47
45 years$608$358$202$110$59$43
46 years$588$341$189$102$53$38
47 years$569$326$178$94$48$34
48 years$551$311$167$87$44$31
49 years$533$297$157$80$40$28
50 years$516$284$148$74$36$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $529,000, adding $6,025 every year, while hoping to spend $43,910 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: 34/50/16 Blend
56$529,000$529,000$529,000$529,000
57$589,173$561,136$552,936$606,099
58$602,549$541,912$524,740$599,782
59$615,817$520,274$494,127$588,437
60$628,921$496,057$460,971$575,260
61$641,795$469,089$425,138$560,115
62$654,367$439,183$386,489$542,854
63$666,556$406,147$344,880$523,320
64$678,270$369,773$300,158$501,346
65$689,405$329,844$252,165$476,754
66$699,848$286,130$200,737$449,352
67$709,470$238,387$145,699$418,937
68$718,128$186,360$86,872$385,291
69$725,663$129,777$24,067$348,180
70$731,895$68,351$0$307,356
71$736,628$1,781$0$269,885
72$739,642$0$0$233,009
73$740,691$0$0$231,002
74$739,504$0$0$229,092
75$735,778$0$0$226,184
76$729,179$0$0$222,152
77$719,335$0$0$216,856
78$705,834$0$0$210,138
79$688,219$0$0$201,827
80$665,984$0$0$191,731
81$638,571$0$0$179,639
82$605,357$0$0$165,317
83$565,658$0$0$148,505
84$518,714$0$0$128,918
85$463,686$0$0$106,239
86$399,645$0$0$80,118
87$325,564$0$0$50,168
88$240,310$0$0$15,963
89$142,628$0$0$0
90$31,133$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0