Can I retire at age 57 with 535,000?

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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$44,180$43,786$43,402$43,028$42,662$41,920
2 years$21,871$21,464$21,069$20,686$20,315$19,571
3 years$14,436$14,027$13,633$13,254$12,889$12,164
4 years$10,719$10,311$9,921$9,549$9,192$8,494
5 years$8,490$8,084$7,699$7,334$6,988$6,317
6 years$7,004$6,601$6,222$5,865$5,529$4,887
7 years$5,943$5,544$5,171$4,822$4,497$3,883
8 years$5,147$4,752$4,385$4,045$3,731$3,145
9 years$4,529$4,137$3,777$3,446$3,142$2,584
10 years$4,035$3,647$3,293$2,970$2,677$2,147
11 years$3,631$3,247$2,899$2,585$2,302$1,799
12 years$3,294$2,914$2,573$2,267$1,995$1,518
13 years$3,009$2,633$2,299$2,002$1,740$1,289
14 years$2,766$2,394$2,065$1,777$1,525$1,099
15 years$2,555$2,187$1,865$1,585$1,343$941
16 years$2,370$2,006$1,691$1,419$1,187$808
17 years$2,208$1,848$1,538$1,275$1,052$696
18 years$2,063$1,707$1,404$1,149$936$600
19 years$1,934$1,582$1,286$1,038$834$519
20 years$1,818$1,470$1,180$940$745$450
21 years$1,714$1,370$1,085$853$667$390
22 years$1,618$1,279$1,000$776$597$339
23 years$1,532$1,196$924$707$536$295
24 years$1,452$1,120$854$644$482$256
25 years$1,379$1,051$791$589$434$223
26 years$1,312$988$734$538$391$195
27 years$1,250$930$681$493$352$170
28 years$1,192$876$633$451$318$148
29 years$1,139$827$589$414$287$129
30 years$1,089$781$549$380$259$113
31 years$1,042$738$512$349$234$99
32 years$999$698$478$321$212$86
33 years$958$661$446$295$192$75
34 years$920$627$417$271$174$66
35 years$884$595$389$250$157$58
36 years$850$564$364$230$143$50
37 years$818$536$341$212$129$44
38 years$787$509$319$195$117$39
39 years$759$484$299$180$106$34
40 years$731$461$280$166$96$30
41 years$706$439$263$153$87$26
42 years$681$418$247$141$79$23
43 years$658$398$231$131$72$20
44 years$636$379$217$121$65$17
45 years$615$362$204$111$59$15
46 years$594$345$192$103$54$13
47 years$575$329$180$95$49$12
48 years$557$314$169$88$44$10
49 years$539$300$159$81$40$9
50 years$522$287$149$75$37$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $535,000, adding $2,622 every year, while hoping to spend $33,262 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: 64/23/13 Blend
56$535,000$535,000$535,000$535,000
57$592,275$563,920$555,627$628,209
58$617,296$556,161$538,850$644,812
59$643,755$546,908$520,396$658,851
60$671,763$536,051$500,174$673,361
61$701,441$523,476$478,089$688,388
62$732,923$509,062$454,040$703,981
63$766,355$492,679$427,923$720,200
64$801,894$474,191$399,630$737,109
65$839,716$453,455$369,046$754,781
66$880,010$430,318$336,053$773,296
67$922,986$404,618$300,525$792,748
68$968,871$376,185$262,333$813,238
69$1,017,917$344,839$221,342$834,882
70$1,070,397$310,389$177,410$857,807
71$1,126,613$272,633$130,389$882,159
72$1,186,894$231,359$80,123$908,098
73$1,251,603$186,341$26,453$935,803
74$1,321,138$137,343$0$965,475
75$1,395,933$84,113$0$1,001,613
76$1,476,470$26,385$0$1,044,385
77$1,563,272$0$0$1,090,420
78$1,656,919$0$0$1,149,197
79$1,758,045$0$0$1,219,908
80$1,867,347$0$0$1,296,367
81$1,985,593$0$0$1,379,114
82$2,113,625$0$0$1,468,741
83$2,252,370$0$0$1,565,903
84$2,402,845$0$0$1,671,317
85$2,566,173$0$0$1,785,773
86$2,743,584$0$0$1,910,139
87$2,936,434$0$0$2,045,369
88$3,146,215$0$0$2,192,516
89$3,374,567$0$0$2,352,735
90$3,623,295$0$0$2,527,299
91$3,894,386$0$0$2,717,607
92$4,190,026$0$0$2,925,202
93$4,512,621$0$0$3,151,778
94$4,864,820$0$0$3,399,204
95$5,249,538$0$0$3,669,535
96$5,669,986$0$0$3,965,033
97$6,129,697$0$0$4,288,190
98$6,632,561$0$0$4,641,749
99$7,182,863$0$0$5,028,730
100$7,785,320$0$0$5,452,459