Can I retire at age 57 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$44,097$43,704$43,321$42,947$42,582$41,104
2 years$21,830$21,424$21,030$20,648$20,277$18,803
3 years$14,409$14,001$13,608$13,229$12,865$11,441
4 years$10,699$10,292$9,903$9,531$9,175$7,813
5 years$8,474$8,069$7,685$7,321$6,975$5,678
6 years$6,991$6,589$6,211$5,854$5,519$4,288
7 years$5,932$5,533$5,161$4,813$4,488$3,323
8 years$5,138$4,743$4,377$4,038$3,724$2,623
9 years$4,521$4,130$3,770$3,439$3,136$2,099
10 years$4,027$3,640$3,287$2,965$2,672$1,697
11 years$3,624$3,241$2,894$2,580$2,298$1,382
12 years$3,288$2,909$2,568$2,263$1,991$1,133
13 years$3,004$2,629$2,294$1,998$1,736$934
14 years$2,761$2,389$2,061$1,774$1,522$773
15 years$2,550$2,183$1,861$1,582$1,340$641
16 years$2,366$2,003$1,687$1,416$1,184$534
17 years$2,204$1,844$1,536$1,272$1,050$445
18 years$2,059$1,704$1,402$1,147$934$372
19 years$1,931$1,579$1,283$1,036$832$311
20 years$1,815$1,468$1,178$938$743$261
21 years$1,710$1,367$1,083$852$665$219
22 years$1,615$1,276$998$774$596$184
23 years$1,529$1,194$922$705$535$154
24 years$1,450$1,118$853$643$481$130
25 years$1,377$1,049$790$587$433$109
26 years$1,310$986$732$537$390$92
27 years$1,248$928$680$492$352$77
28 years$1,190$875$632$450$317$65
29 years$1,137$825$588$413$286$55
30 years$1,087$779$548$379$259$46
31 years$1,041$737$511$348$234$39
32 years$997$697$477$320$212$33
33 years$956$660$445$294$192$28
34 years$918$626$416$271$173$23
35 years$882$593$389$249$157$20
36 years$848$563$364$230$142$16
37 years$816$535$340$211$129$14
38 years$786$508$319$195$117$12
39 years$757$483$299$180$106$10
40 years$730$460$280$166$96$8
41 years$704$438$262$153$87$7
42 years$680$417$246$141$79$6
43 years$657$397$231$130$72$5
44 years$634$379$217$120$65$4
45 years$613$361$204$111$59$4
46 years$593$344$191$103$54$3
47 years$574$329$180$95$49$3
48 years$556$314$169$88$44$2
49 years$538$300$159$81$40$2
50 years$521$286$149$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $534,000, adding $4,058 every year, while hoping to spend $25,449 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: 49/22/29 Blend
56$534,000$534,000$534,000$534,000
57$592,654$564,352$556,075$616,631
58$626,027$564,928$547,626$634,456
59$661,951$564,678$538,041$650,984
60$700,660$563,537$527,255$668,452
61$742,409$561,433$515,200$686,961
62$787,481$558,289$501,805$706,625
63$836,185$554,026$486,996$727,570
64$888,860$548,558$470,695$749,936
65$945,881$541,794$452,820$773,880
66$1,007,658$533,639$433,287$799,577
67$1,074,644$523,992$412,007$827,220
68$1,147,334$512,744$388,885$857,025
69$1,226,275$499,782$363,827$889,232
70$1,312,069$484,985$336,729$924,107
71$1,405,377$468,226$307,485$961,946
72$1,506,925$449,368$275,986$1,003,077
73$1,617,514$428,271$242,114$1,047,866
74$1,738,026$404,781$205,750$1,096,715
75$1,869,428$378,739$166,767$1,150,075
76$2,012,789$349,976$125,032$1,208,442
77$2,169,281$318,313$80,409$1,272,369
78$2,340,199$283,561$32,754$1,342,466
79$2,526,964$245,520$0$1,419,411
80$2,731,143$203,979$0$1,509,556
81$2,954,460$158,716$0$1,619,310
82$3,198,816$109,493$0$1,739,499
83$3,466,300$56,063$0$1,871,193
84$3,759,216$0$0$2,015,575
85$4,080,098$0$0$2,174,394
86$4,431,740$0$0$2,363,367
87$4,817,217$0$0$2,570,582
88$5,239,916$0$0$2,797,866
89$5,703,568$0$0$3,047,234
90$6,212,281$0$0$3,320,903
91$6,770,582$0$0$3,621,315
92$7,383,456$0$0$3,951,163
93$8,056,394$0$0$4,313,410
94$8,795,447$0$0$4,711,322
95$9,607,279$0$0$5,148,497
96$10,499,230$0$0$5,628,896
97$11,479,388$0$0$6,156,887
98$12,556,664$0$0$6,737,279
99$13,740,872$0$0$7,375,372
100$15,042,828$0$0$8,077,002