Can I retire at age 57 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$43,849$43,459$43,078$42,706$42,343$42,111
2 years$21,708$21,303$20,912$20,532$20,163$19,930
3 years$14,328$13,922$13,531$13,155$12,792$12,564
4 years$10,639$10,234$9,847$9,477$9,124$8,902
5 years$8,426$8,024$7,642$7,279$6,936$6,722
6 years$6,951$6,552$6,176$5,821$5,488$5,282
7 years$5,898$5,502$5,132$4,786$4,463$4,265
8 years$5,109$4,716$4,352$4,015$3,703$3,512
9 years$4,495$4,107$3,749$3,420$3,118$2,936
10 years$4,005$3,620$3,268$2,948$2,657$2,482
11 years$3,603$3,222$2,877$2,566$2,285$2,118
12 years$3,269$2,892$2,554$2,250$1,980$1,821
13 years$2,987$2,614$2,281$1,987$1,727$1,575
14 years$2,745$2,376$2,050$1,764$1,514$1,369
15 years$2,536$2,170$1,851$1,573$1,333$1,195
16 years$2,353$1,991$1,678$1,408$1,178$1,047
17 years$2,191$1,834$1,527$1,265$1,044$920
18 years$2,048$1,695$1,394$1,140$929$811
19 years$1,920$1,571$1,276$1,030$828$716
20 years$1,805$1,459$1,171$933$739$634
21 years$1,701$1,359$1,077$847$662$562
22 years$1,606$1,269$993$770$593$499
23 years$1,520$1,187$917$701$532$443
24 years$1,441$1,112$848$640$478$395
25 years$1,369$1,044$785$584$431$352
26 years$1,302$981$728$534$388$314
27 years$1,241$923$676$489$350$280
28 years$1,183$870$629$448$315$250
29 years$1,130$821$585$411$285$223
30 years$1,081$775$545$377$257$200
31 years$1,035$733$508$346$233$179
32 years$991$693$474$318$211$160
33 years$951$656$443$293$191$143
34 years$913$622$413$269$172$128
35 years$877$590$387$248$156$115
36 years$843$560$362$228$142$103
37 years$812$532$338$210$128$92
38 years$781$506$317$194$116$83
39 years$753$481$297$179$105$74
40 years$726$457$278$165$96$67
41 years$700$435$261$152$87$60
42 years$676$415$245$140$79$54
43 years$653$395$230$130$71$48
44 years$631$377$216$120$65$43
45 years$610$359$202$110$59$39
46 years$590$343$190$102$53$35
47 years$571$327$179$94$49$31
48 years$553$312$168$87$44$28
49 years$535$298$158$81$40$25
50 years$518$285$148$74$36$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $531,000, adding $2,495 every year, while hoping to spend $22,844 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: 68/8/24 Blend
56$531,000$531,000$531,000$531,000
57$587,736$559,593$551,362$623,937
58$623,379$562,707$545,527$651,647
59$661,892$565,208$538,731$679,093
60$703,544$567,042$530,917$708,585
61$748,629$568,151$522,027$740,325
62$797,473$568,474$511,998$774,535
63$850,433$567,947$500,767$811,461
64$907,900$566,499$488,266$851,375
65$970,307$564,058$474,424$894,577
66$1,038,127$560,547$459,167$941,397
67$1,111,885$555,882$442,417$992,202
68$1,192,153$549,976$424,094$1,047,393
69$1,279,565$542,737$404,113$1,107,418
70$1,374,816$534,067$382,386$1,172,765
71$1,478,671$523,860$358,821$1,243,979
72$1,591,974$512,008$333,320$1,321,657
73$1,715,652$498,393$305,783$1,406,460
74$1,850,726$482,892$276,104$1,499,116
75$1,998,320$465,373$244,173$1,600,429
76$2,159,671$445,699$209,876$1,711,286
77$2,336,142$423,723$173,091$1,832,667
78$2,529,233$399,290$133,694$1,965,652
79$2,740,596$372,236$91,554$2,111,431
80$2,972,049$342,388$46,533$2,271,320
81$3,225,596$309,562$0$2,446,770
82$3,503,442$273,566$0$2,639,766
83$3,808,016$234,194$0$2,864,430
84$4,141,995$191,231$0$3,110,817
85$4,508,324$144,447$0$3,381,118
86$4,910,250$93,602$0$3,677,743
87$5,351,349$38,442$0$4,003,352
88$5,835,557$0$0$4,360,870
89$6,367,213$0$0$4,755,401
90$6,951,096$0$0$5,192,438
91$7,592,469$0$0$5,672,539
92$8,297,131$0$0$6,200,051
93$9,071,471$0$0$6,779,760
94$9,922,527$0$0$7,416,939
95$10,858,053$0$0$8,117,398
96$11,886,590$0$0$8,887,538
97$13,017,549$0$0$9,734,411
98$14,261,301$0$0$10,665,785
99$15,629,267$0$0$11,690,221
100$17,134,036$0$0$12,817,150