Can I retire at age 57 with 537,000?

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 $537,000?

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$44,345$43,950$43,565$43,188$42,821$42,181
2 years$21,953$21,544$21,148$20,764$20,391$19,748
3 years$14,490$14,079$13,684$13,303$12,937$12,310
4 years$10,759$10,350$9,958$9,584$9,227$8,622
5 years$8,521$8,114$7,728$7,362$7,014$6,432
6 years$7,030$6,626$6,246$5,887$5,550$4,992
7 years$5,965$5,564$5,190$4,840$4,514$3,980
8 years$5,167$4,770$4,402$4,060$3,744$3,235
9 years$4,546$4,153$3,791$3,459$3,153$2,667
10 years$4,050$3,661$3,305$2,981$2,687$2,224
11 years$3,644$3,259$2,910$2,595$2,311$1,871
12 years$3,306$2,925$2,582$2,276$2,002$1,585
13 years$3,021$2,643$2,307$2,009$1,746$1,351
14 years$2,776$2,403$2,073$1,784$1,531$1,156
15 years$2,564$2,195$1,872$1,591$1,348$994
16 years$2,379$2,014$1,697$1,424$1,191$857
17 years$2,216$1,855$1,544$1,280$1,056$741
18 years$2,071$1,714$1,410$1,153$939$643
19 years$1,942$1,588$1,290$1,042$837$558
20 years$1,825$1,476$1,184$944$748$486
21 years$1,720$1,375$1,089$857$669$423
22 years$1,624$1,283$1,004$779$600$369
23 years$1,537$1,200$927$709$538$323
24 years$1,458$1,125$857$647$484$282
25 years$1,384$1,055$794$591$435$247
26 years$1,317$992$736$540$392$216
27 years$1,255$933$684$494$354$189
28 years$1,197$880$636$453$319$166
29 years$1,143$830$592$415$288$146
30 years$1,093$784$551$381$260$128
31 years$1,046$741$514$350$235$112
32 years$1,003$701$479$322$213$99
33 years$962$664$448$296$193$87
34 years$923$629$418$272$174$76
35 years$887$597$391$251$158$67
36 years$853$566$366$231$143$59
37 years$821$538$342$213$130$52
38 years$790$511$321$196$118$45
39 years$761$486$300$181$107$40
40 years$734$463$281$167$97$35
41 years$708$440$264$154$88$31
42 years$684$419$248$142$80$27
43 years$660$400$232$131$72$24
44 years$638$381$218$121$66$21
45 years$617$363$205$112$60$19
46 years$597$346$192$103$54$16
47 years$577$331$181$95$49$14
48 years$559$316$170$88$45$13
49 years$541$301$160$81$41$11
50 years$524$288$150$75$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $537,000, adding $6,143 every year, while hoping to spend $36,621 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: 53/29/18 Blend
56$537,000$537,000$537,000$537,000
57$598,111$569,650$561,326$626,578
58$620,153$558,598$541,166$635,706
59$643,217$545,777$519,103$641,263
60$667,367$531,063$495,035$646,509
61$692,675$514,321$468,855$651,424
62$719,217$495,412$440,451$655,990
63$747,077$474,186$409,706$660,188
64$776,345$450,488$376,497$664,002
65$807,120$424,150$340,698$667,414
66$839,509$394,996$302,174$670,409
67$873,629$362,841$260,787$672,973
68$909,607$327,488$216,391$675,093
69$947,581$288,728$168,834$676,758
70$987,701$246,343$117,957$677,961
71$1,030,133$200,101$63,595$678,695
72$1,075,057$149,755$5,575$678,961
73$1,122,667$95,048$0$678,759
74$1,173,180$35,706$0$688,919
75$1,226,829$0$0$700,478
76$1,283,870$0$0$721,534
77$1,344,585$0$0$756,103
78$1,409,280$0$0$792,968
79$1,478,292$0$0$832,326
80$1,551,989$0$0$874,390
81$1,630,775$0$0$919,396
82$1,715,092$0$0$967,600
83$1,805,426$0$0$1,019,286
84$1,902,308$0$0$1,074,763
85$2,006,324$0$0$1,134,371
86$2,118,114$0$0$1,198,483
87$2,238,381$0$0$1,267,510
88$2,367,898$0$0$1,341,901
89$2,507,514$0$0$1,422,151
90$2,658,161$0$0$1,508,802
91$2,820,862$0$0$1,602,452
92$2,996,744$0$0$1,703,757
93$3,187,042$0$0$1,813,437
94$3,393,117$0$0$1,932,285
95$3,616,462$0$0$2,061,173
96$3,858,722$0$0$2,201,059
97$4,121,704$0$0$2,352,997
98$4,407,396$0$0$2,518,147
99$4,717,985$0$0$2,697,785
100$5,055,876$0$0$2,893,313