Can I retire at age 57 with 534,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$44,097$43,704$43,321$42,947$42,582$41,946
2 years$21,830$21,424$21,030$20,648$20,277$19,637
3 years$14,409$14,001$13,608$13,229$12,865$12,242
4 years$10,699$10,292$9,903$9,531$9,175$8,573
5 years$8,474$8,069$7,685$7,321$6,975$6,396
6 years$6,991$6,589$6,211$5,854$5,519$4,964
7 years$5,932$5,533$5,161$4,813$4,488$3,958
8 years$5,138$4,743$4,377$4,038$3,724$3,217
9 years$4,521$4,130$3,770$3,439$3,136$2,652
10 years$4,027$3,640$3,287$2,965$2,672$2,212
11 years$3,624$3,241$2,894$2,580$2,298$1,861
12 years$3,288$2,909$2,568$2,263$1,991$1,576
13 years$3,004$2,629$2,294$1,998$1,736$1,343
14 years$2,761$2,389$2,061$1,774$1,522$1,150
15 years$2,550$2,183$1,861$1,582$1,340$988
16 years$2,366$2,003$1,687$1,416$1,184$852
17 years$2,204$1,844$1,536$1,272$1,050$737
18 years$2,059$1,704$1,402$1,147$934$639
19 years$1,931$1,579$1,283$1,036$832$555
20 years$1,815$1,468$1,178$938$743$483
21 years$1,710$1,367$1,083$852$665$421
22 years$1,615$1,276$998$774$596$367
23 years$1,529$1,194$922$705$535$321
24 years$1,450$1,118$853$643$481$281
25 years$1,377$1,049$790$587$433$246
26 years$1,310$986$732$537$390$215
27 years$1,248$928$680$492$352$188
28 years$1,190$875$632$450$317$165
29 years$1,137$825$588$413$286$145
30 years$1,087$779$548$379$259$127
31 years$1,041$737$511$348$234$112
32 years$997$697$477$320$212$98
33 years$956$660$445$294$192$86
34 years$918$626$416$271$173$76
35 years$882$593$389$249$157$67
36 years$848$563$364$230$142$58
37 years$816$535$340$211$129$51
38 years$786$508$319$195$117$45
39 years$757$483$299$180$106$40
40 years$730$460$280$166$96$35
41 years$704$438$262$153$87$31
42 years$680$417$246$141$79$27
43 years$657$397$231$130$72$24
44 years$634$379$217$120$65$21
45 years$613$361$204$111$59$18
46 years$593$344$191$103$54$16
47 years$574$329$180$95$49$14
48 years$556$314$169$88$44$13
49 years$538$300$159$81$40$11
50 years$521$286$149$75$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $534,000, adding $4,886 every year, while hoping to spend $24,540 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: 83/8/9 Blend
56$534,000$534,000$534,000$534,000
57$593,508$565,206$556,929$641,631
58$627,935$566,791$549,476$675,413
59$665,052$567,631$540,950$708,715
60$705,106$567,663$531,291$744,533
61$748,370$566,822$520,433$783,105
62$795,145$565,038$508,308$824,693
63$845,760$562,234$494,846$869,586
64$900,577$558,333$479,973$918,102
65$959,994$553,250$463,611$970,592
66$1,024,451$546,896$445,679$1,027,440
67$1,094,427$539,177$426,092$1,089,071
68$1,170,454$529,992$404,761$1,155,955
69$1,253,115$519,236$381,595$1,228,606
70$1,343,050$506,795$356,495$1,307,593
71$1,440,964$492,552$329,362$1,393,542
72$1,547,635$476,380$300,088$1,487,143
73$1,663,917$458,146$268,564$1,589,155
74$1,790,751$437,708$234,675$1,700,417
75$1,929,170$414,919$198,299$1,821,851
76$2,080,314$389,619$159,311$1,954,475
77$2,245,438$361,642$117,579$2,099,409
78$2,425,922$330,811$72,967$2,257,889
79$2,623,285$296,941$25,332$2,431,277
80$2,839,202$259,833$0$2,621,072
81$3,075,516$219,280$0$2,831,378
82$3,334,255$175,061$0$3,064,323
83$3,617,654$126,944$0$3,319,496
84$3,928,174$74,684$0$3,599,128
85$4,268,525$18,020$0$3,905,676
86$4,641,692$0$0$4,241,846
87$5,050,961$0$0$4,614,435
88$5,499,954$0$0$5,024,938
89$5,992,659$0$0$5,475,418
90$6,533,469$0$0$5,969,891
91$7,127,222$0$0$6,512,784
92$7,779,250$0$0$7,108,973
93$8,495,423$0$0$7,763,826
94$9,282,211$0$0$8,483,262
95$10,146,739$0$0$9,273,797
96$11,096,858$0$0$10,142,612
97$12,141,217$0$0$11,097,616
98$13,289,343$0$0$12,147,526
99$14,551,734$0$0$13,301,942
100$15,939,956$0$0$14,571,442