Can I retire at age 57 with 529,000?

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 $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%15.1%
1 years$43,684$43,295$42,916$42,545$42,183$41,298
2 years$21,626$21,223$20,833$20,454$20,087$19,199
3 years$14,274$13,870$13,480$13,105$12,744$11,882
4 years$10,599$10,196$9,810$9,442$9,089$8,258
5 years$8,394$7,993$7,613$7,252$6,910$6,113
6 years$6,925$6,527$6,152$5,800$5,467$4,706
7 years$5,876$5,482$5,113$4,768$4,446$3,720
8 years$5,090$4,699$4,336$4,000$3,689$2,998
9 years$4,478$4,091$3,735$3,407$3,106$2,450
10 years$3,990$3,606$3,256$2,937$2,647$2,024
11 years$3,590$3,210$2,866$2,556$2,276$1,687
12 years$3,257$2,881$2,544$2,242$1,973$1,415
13 years$2,976$2,604$2,273$1,979$1,720$1,194
14 years$2,735$2,367$2,042$1,757$1,508$1,012
15 years$2,526$2,162$1,844$1,567$1,328$861
16 years$2,344$1,984$1,672$1,403$1,173$735
17 years$2,183$1,827$1,521$1,261$1,040$629
18 years$2,040$1,688$1,389$1,136$925$539
19 years$1,913$1,565$1,271$1,027$825$463
20 years$1,798$1,454$1,167$930$737$398
21 years$1,694$1,354$1,073$844$659$343
22 years$1,600$1,264$989$767$591$296
23 years$1,514$1,182$913$699$530$256
24 years$1,436$1,108$845$637$477$221
25 years$1,364$1,040$782$582$429$191
26 years$1,297$977$725$532$386$165
27 years$1,236$920$674$487$348$143
28 years$1,179$866$626$446$314$124
29 years$1,126$817$583$409$284$107
30 years$1,077$772$543$376$256$93
31 years$1,031$730$506$345$232$81
32 years$988$690$472$317$210$70
33 years$947$654$441$292$190$61
34 years$909$620$412$268$172$53
35 years$874$588$385$247$156$46
36 years$840$558$360$227$141$40
37 years$808$530$337$210$128$34
38 years$778$504$316$193$116$30
39 years$750$479$296$178$105$26
40 years$723$456$277$164$95$23
41 years$698$434$260$152$86$20
42 years$673$413$244$140$78$17
43 years$650$394$229$129$71$15
44 years$629$375$215$119$65$13
45 years$608$358$202$110$59$11
46 years$588$341$189$102$53$10
47 years$569$326$178$94$48$8
48 years$551$311$167$87$44$7
49 years$533$297$157$80$40$6
50 years$516$284$148$74$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $529,000, adding $3,343 every year, while hoping to spend $41,612 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: 48/31/21 Blend
56$529,000$529,000$529,000$529,000
57$586,406$558,369$550,170$610,922
58$601,945$541,455$524,326$611,429
59$617,674$522,316$496,221$607,525
60$633,568$500,802$465,736$602,423
61$649,600$476,749$432,747$596,027
62$665,737$449,987$397,121$588,237
63$681,941$420,335$358,723$578,944
64$698,168$387,601$317,410$568,033
65$714,372$351,584$273,033$555,379
66$730,495$312,068$225,437$540,851
67$746,475$268,830$174,459$524,306
68$762,242$221,628$119,929$505,593
69$777,714$170,212$61,671$484,549
70$792,804$114,315$0$461,000
71$807,409$53,656$0$434,871
72$821,417$0$0$420,605
73$834,700$0$0$408,314
74$847,118$0$0$413,837
75$858,511$0$0$418,784
76$868,704$0$0$423,063
77$877,499$0$0$426,567
78$884,677$0$0$429,179
79$889,994$0$0$430,770
80$893,178$0$0$431,195
81$893,928$0$0$430,292
82$891,908$0$0$427,882
83$886,746$0$0$423,769
84$878,030$0$0$417,732
85$865,300$0$0$409,527
86$848,050$0$0$398,885
87$825,717$0$0$385,506
88$797,678$0$0$369,060
89$763,243$0$0$349,179
90$721,647$0$0$325,459
91$672,047$0$0$297,449
92$613,505$0$0$264,655
93$544,990$0$0$226,528
94$465,356$0$0$182,459
95$373,340$0$0$131,780
96$267,545$0$0$73,749
97$146,427$0$0$7,548
98$8,280$0$0$0
99$0$0$0$0
100$0$0$0$0