Can I retire at age 57 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$43,932$43,541$43,159$42,786$42,422$41,230
2 years$21,749$21,343$20,951$20,570$20,201$19,009
3 years$14,355$13,948$13,557$13,180$12,816$11,661
4 years$10,659$10,253$9,866$9,495$9,141$8,032
5 years$8,442$8,039$7,656$7,293$6,949$5,889
6 years$6,964$6,564$6,187$5,832$5,498$4,489
7 years$5,909$5,513$5,142$4,795$4,472$3,513
8 years$5,119$4,725$4,361$4,023$3,710$2,801
9 years$4,504$4,114$3,756$3,426$3,124$2,265
10 years$4,012$3,627$3,274$2,954$2,662$1,850
11 years$3,610$3,229$2,883$2,570$2,289$1,524
12 years$3,276$2,898$2,558$2,255$1,984$1,264
13 years$2,993$2,619$2,286$1,990$1,730$1,054
14 years$2,750$2,380$2,054$1,767$1,516$882
15 years$2,540$2,174$1,854$1,576$1,335$741
16 years$2,357$1,995$1,681$1,411$1,180$624
17 years$2,195$1,837$1,530$1,268$1,046$527
18 years$2,052$1,698$1,396$1,142$930$446
19 years$1,923$1,574$1,278$1,032$829$378
20 years$1,808$1,462$1,173$935$741$321
21 years$1,704$1,362$1,079$849$663$273
22 years$1,609$1,271$995$772$594$232
23 years$1,523$1,189$918$703$533$197
24 years$1,444$1,114$849$641$479$168
25 years$1,372$1,045$787$585$431$143
26 years$1,305$983$730$535$389$122
27 years$1,243$925$677$490$350$104
28 years$1,186$871$630$449$316$89
29 years$1,132$822$586$412$285$76
30 years$1,083$776$546$378$258$65
31 years$1,037$734$509$347$233$56
32 years$993$694$475$319$211$47
33 years$953$658$443$293$191$41
34 years$915$623$414$270$173$35
35 years$879$591$387$248$157$30
36 years$845$561$362$229$142$25
37 years$813$533$339$211$129$22
38 years$783$506$318$194$117$19
39 years$754$482$298$179$106$16
40 years$727$458$279$165$96$14
41 years$702$436$261$152$87$12
42 years$677$415$245$141$79$10
43 years$654$396$230$130$72$8
44 years$632$377$216$120$65$7
45 years$611$360$203$111$59$6
46 years$591$343$191$102$54$5
47 years$572$328$179$94$49$5
48 years$554$313$168$87$44$4
49 years$536$299$158$81$40$3
50 years$519$285$149$75$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $532,000, adding $5,486 every year, while hoping to spend $30,147 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: 39/35/26 Blend
56$532,000$532,000$532,000$532,000
57$591,923$563,727$555,481$610,261
58$620,223$559,273$542,013$619,646
59$650,399$553,591$527,084$626,584
60$682,611$546,588$510,613$633,499
61$717,033$538,167$492,514$640,409
62$753,858$528,225$472,701$647,334
63$793,295$516,651$451,080$654,299
64$835,574$503,330$427,554$661,335
65$880,949$488,140$402,024$668,479
66$929,697$470,950$374,383$675,773
67$982,122$451,623$344,521$683,269
68$1,038,559$430,012$312,322$691,026
69$1,099,375$405,966$277,668$699,113
70$1,164,973$379,319$240,431$707,610
71$1,235,795$349,901$200,481$716,609
72$1,312,330$317,530$157,680$726,215
73$1,395,111$282,012$111,886$736,549
74$1,484,727$243,146$62,949$747,750
75$1,581,824$200,715$10,713$759,974
76$1,687,113$154,493$0$773,401
77$1,801,376$104,240$0$800,725
78$1,925,472$49,704$0$833,666
79$2,060,347$0$0$869,558
80$2,207,042$0$0$912,356
81$2,366,700$0$0$979,834
82$2,540,582$0$0$1,053,389
83$2,730,072$0$0$1,133,615
84$2,936,697$0$0$1,221,168
85$3,162,134$0$0$1,316,766
86$3,408,232$0$0$1,421,202
87$3,677,024$0$0$1,535,351
88$3,970,749$0$0$1,660,171
89$4,291,871$0$0$1,796,723
90$4,643,106$0$0$1,946,169
91$5,027,441$0$0$2,109,794
92$5,448,166$0$0$2,289,010
93$5,908,905$0$0$2,485,373
94$6,413,647$0$0$2,700,595
95$6,966,787$0$0$2,936,564
96$7,573,164$0$0$3,195,358
97$8,238,109$0$0$3,479,265
98$8,967,491$0$0$3,790,808
99$9,767,776$0$0$4,132,762
100$10,646,087$0$0$4,508,188