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%17.4%
1 years$43,849$43,459$43,078$42,706$42,343$41,070
2 years$21,708$21,303$20,912$20,532$20,163$18,891
3 years$14,328$13,922$13,531$13,155$12,792$11,561
4 years$10,639$10,234$9,847$9,477$9,124$7,943
5 years$8,426$8,024$7,642$7,279$6,936$5,809
6 years$6,951$6,552$6,176$5,821$5,488$4,416
7 years$5,898$5,502$5,132$4,786$4,463$3,446
8 years$5,109$4,716$4,352$4,015$3,703$2,739
9 years$4,495$4,107$3,749$3,420$3,118$2,208
10 years$4,005$3,620$3,268$2,948$2,657$1,798
11 years$3,603$3,222$2,877$2,566$2,285$1,477
12 years$3,269$2,892$2,554$2,250$1,980$1,220
13 years$2,987$2,614$2,281$1,987$1,727$1,014
14 years$2,745$2,376$2,050$1,764$1,514$846
15 years$2,536$2,170$1,851$1,573$1,333$708
16 years$2,353$1,991$1,678$1,408$1,178$594
17 years$2,191$1,834$1,527$1,265$1,044$500
18 years$2,048$1,695$1,394$1,140$929$422
19 years$1,920$1,571$1,276$1,030$828$356
20 years$1,805$1,459$1,171$933$739$301
21 years$1,701$1,359$1,077$847$662$255
22 years$1,606$1,269$993$770$593$216
23 years$1,520$1,187$917$701$532$183
24 years$1,441$1,112$848$640$478$155
25 years$1,369$1,044$785$584$431$132
26 years$1,302$981$728$534$388$112
27 years$1,241$923$676$489$350$95
28 years$1,183$870$629$448$315$81
29 years$1,130$821$585$411$285$69
30 years$1,081$775$545$377$257$59
31 years$1,035$733$508$346$233$50
32 years$991$693$474$318$211$42
33 years$951$656$443$293$191$36
34 years$913$622$413$269$172$31
35 years$877$590$387$248$156$26
36 years$843$560$362$228$142$22
37 years$812$532$338$210$128$19
38 years$781$506$317$194$116$16
39 years$753$481$297$179$105$14
40 years$726$457$278$165$96$12
41 years$700$435$261$152$87$10
42 years$676$415$245$140$79$8
43 years$653$395$230$130$71$7
44 years$631$377$216$120$65$6
45 years$610$359$202$110$59$5
46 years$590$343$190$102$53$4
47 years$571$327$179$94$49$4
48 years$553$312$168$87$44$3
49 years$535$298$158$81$40$3
50 years$518$285$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $531,000, adding $5,427 every year, while hoping to spend $36,428 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: 47/34/19 Blend
56$531,000$531,000$531,000$531,000
57$590,760$562,617$554,386$615,106
58$612,258$551,426$534,199$621,433
59$634,729$538,466$512,115$624,199
60$658,232$523,611$488,031$626,435
61$682,833$506,730$461,842$628,105
62$708,603$487,681$433,435$629,176
63$735,620$466,317$402,695$629,611
64$763,967$442,480$369,499$629,374
65$793,735$416,005$333,720$628,428
66$825,022$386,715$295,226$626,735
67$857,936$354,426$253,877$624,258
68$892,593$318,940$209,530$620,958
69$929,120$280,051$162,032$616,797
70$967,655$237,539$111,225$611,739
71$1,008,350$191,172$56,945$605,747
72$1,051,369$140,706$0$598,784
73$1,096,890$85,883$0$591,015
74$1,145,111$26,429$0$594,541
75$1,196,245$0$0$597,815
76$1,250,525$0$0$615,044
77$1,308,209$0$0$643,892
78$1,369,576$0$0$674,616
79$1,434,932$0$0$707,372
80$1,504,612$0$0$742,333
81$1,578,985$0$0$779,689
82$1,658,451$0$0$819,647
83$1,743,454$0$0$862,434
84$1,834,475$0$0$908,300
85$1,932,046$0$0$957,518
86$2,036,749$0$0$1,010,388
87$2,149,222$0$0$1,067,239
88$2,270,165$0$0$1,128,434
89$2,400,350$0$0$1,194,370
90$2,540,620$0$0$1,265,482
91$2,691,903$0$0$1,342,250
92$2,855,220$0$0$1,425,200
93$3,031,691$0$0$1,514,912
94$3,222,547$0$0$1,612,021
95$3,429,141$0$0$1,717,227
96$3,652,962$0$0$1,831,299
97$3,895,645$0$0$1,955,081
98$4,158,989$0$0$2,089,505
99$4,444,972$0$0$2,235,592
100$4,755,772$0$0$2,394,469