Can I retire at age 57 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$44,015$43,623$43,240$42,867$42,502$41,441
2 years$21,789$21,384$20,990$20,609$20,239$19,177
3 years$14,382$13,974$13,582$13,204$12,841$11,810
4 years$10,679$10,273$9,884$9,513$9,158$8,168
5 years$8,458$8,054$7,671$7,307$6,962$6,014
6 years$6,977$6,577$6,199$5,843$5,509$4,604
7 years$5,920$5,523$5,151$4,804$4,480$3,620
8 years$5,128$4,734$4,369$4,030$3,717$2,899
9 years$4,512$4,122$3,763$3,433$3,130$2,355
10 years$4,020$3,633$3,281$2,959$2,667$1,934
11 years$3,617$3,235$2,888$2,575$2,294$1,602
12 years$3,282$2,903$2,563$2,259$1,988$1,335
13 years$2,998$2,624$2,290$1,994$1,733$1,119
14 years$2,755$2,385$2,058$1,770$1,519$942
15 years$2,545$2,179$1,858$1,579$1,338$796
16 years$2,361$1,999$1,684$1,414$1,182$674
17 years$2,199$1,841$1,533$1,270$1,048$573
18 years$2,056$1,701$1,399$1,145$932$487
19 years$1,927$1,576$1,281$1,034$831$416
20 years$1,811$1,465$1,175$937$742$355
21 years$1,707$1,365$1,081$850$664$303
22 years$1,612$1,274$996$773$595$260
23 years$1,526$1,191$920$704$534$223
24 years$1,447$1,116$851$642$480$191
25 years$1,374$1,047$788$586$432$164
26 years$1,307$984$731$536$389$140
27 years$1,245$926$679$491$351$121
28 years$1,188$873$631$450$317$104
29 years$1,135$824$587$412$286$89
30 years$1,085$778$547$378$258$77
31 years$1,039$735$510$348$234$66
32 years$995$696$476$319$211$57
33 years$955$659$444$294$191$49
34 years$916$624$415$270$173$42
35 years$880$592$388$249$157$36
36 years$847$562$363$229$142$31
37 years$815$534$340$211$129$27
38 years$784$507$318$195$117$23
39 years$756$483$298$179$106$20
40 years$729$459$279$165$96$17
41 years$703$437$262$153$87$15
42 years$679$416$246$141$79$13
43 years$655$397$231$130$72$11
44 years$633$378$216$120$65$9
45 years$612$360$203$111$59$8
46 years$592$344$191$102$54$7
47 years$573$328$179$95$49$6
48 years$555$313$169$87$44$5
49 years$537$299$158$81$40$4
50 years$520$286$149$75$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $533,000, adding $4,034 every year, while hoping to spend $22,651 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: 37/39/24 Blend
56$533,000$533,000$533,000$533,000
57$591,527$563,278$555,017$609,028
58$627,762$566,778$549,509$625,703
59$666,934$569,691$543,058$641,315
60$709,319$571,963$535,608$657,730
61$755,219$573,538$527,100$675,032
62$804,968$574,358$517,474$693,318
63$858,931$574,359$506,667$712,696
64$917,513$573,473$494,610$733,287
65$981,155$571,629$481,236$755,224
66$1,050,346$568,751$466,470$778,657
67$1,125,621$564,760$450,236$803,753
68$1,207,570$559,569$432,455$830,699
69$1,296,843$553,089$413,044$859,700
70$1,394,154$545,224$391,914$890,988
71$1,500,290$535,871$368,975$924,819
72$1,616,115$524,924$344,131$961,479
73$1,742,582$512,269$317,283$1,001,284
74$1,880,740$497,785$288,326$1,044,587
75$2,031,743$481,345$257,153$1,091,780
76$2,196,863$462,812$223,649$1,143,297
77$2,377,498$442,045$187,696$1,199,621
78$2,575,189$418,891$149,171$1,261,288
79$2,791,633$393,192$107,943$1,328,893
80$3,028,698$364,777$63,877$1,403,093
81$3,288,442$333,467$16,834$1,484,621
82$3,573,130$299,075$0$1,574,286
83$3,885,259$261,398$0$1,681,532
84$4,227,576$220,228$0$1,803,963
85$4,603,109$175,340$0$1,938,407
86$5,015,193$126,498$0$2,086,127
87$5,467,500$73,454$0$2,248,519
88$5,964,077$15,944$0$2,427,124
89$6,509,379$0$0$2,623,644
90$7,108,316$0$0$2,859,837
91$7,766,298$0$0$3,126,909
92$8,489,280$0$0$3,420,447
93$9,283,828$0$0$3,743,125
94$10,157,171$0$0$4,097,891
95$11,117,277$0$0$4,487,991
96$12,172,922$0$0$4,917,003
97$13,333,776$0$0$5,388,869
98$14,610,493$0$0$5,907,930
99$16,014,809$0$0$6,478,971
100$17,559,658$0$0$7,107,265