Can I retire at age 57 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$44,510$44,114$43,727$43,349$42,981$41,341
2 years$22,035$21,624$21,227$20,841$20,467$18,834
3 years$14,544$14,132$13,735$13,353$12,985$11,411
4 years$10,799$10,388$9,996$9,620$9,261$7,757
5 years$8,553$8,145$7,757$7,389$7,040$5,610
6 years$7,056$6,651$6,269$5,909$5,571$4,216
7 years$5,987$5,585$5,209$4,858$4,530$3,251
8 years$5,186$4,788$4,418$4,075$3,758$2,552
9 years$4,563$4,168$3,805$3,471$3,165$2,031
10 years$4,065$3,674$3,317$2,992$2,697$1,632
11 years$3,658$3,271$2,921$2,604$2,319$1,322
12 years$3,319$2,936$2,592$2,284$2,010$1,078
13 years$3,032$2,653$2,316$2,017$1,753$883
14 years$2,786$2,412$2,081$1,790$1,536$726
15 years$2,574$2,203$1,879$1,597$1,353$598
16 years$2,388$2,021$1,703$1,430$1,196$495
17 years$2,224$1,862$1,550$1,284$1,060$410
18 years$2,079$1,720$1,415$1,158$943$340
19 years$1,949$1,594$1,295$1,046$840$283
20 years$1,832$1,481$1,189$947$750$235
21 years$1,726$1,380$1,093$860$672$196
22 years$1,630$1,288$1,008$782$602$163
23 years$1,543$1,205$930$712$540$136
24 years$1,463$1,129$861$649$486$114
25 years$1,390$1,059$797$593$437$95
26 years$1,322$996$739$542$394$79
27 years$1,259$937$686$496$355$66
28 years$1,201$883$638$455$320$55
29 years$1,147$833$594$417$289$46
30 years$1,097$787$553$383$261$39
31 years$1,050$744$516$351$236$32
32 years$1,006$704$481$323$214$27
33 years$965$666$449$297$193$23
34 years$927$631$420$273$175$19
35 years$890$599$392$252$159$16
36 years$856$568$367$232$144$13
37 years$824$540$344$213$130$11
38 years$793$513$322$197$118$9
39 years$764$488$301$181$107$8
40 years$737$464$283$167$97$6
41 years$711$442$265$154$88$5
42 years$686$421$249$142$80$5
43 years$663$401$233$132$73$4
44 years$640$382$219$121$66$3
45 years$619$364$206$112$60$3
46 years$599$348$193$104$54$2
47 years$579$332$181$96$49$2
48 years$561$317$170$88$45$2
49 years$543$302$160$82$41$1
50 years$526$289$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $539,000, adding $3,536 every year, while hoping to spend $33,472 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: 71/23/6 Blend
56$539,000$539,000$539,000$539,000
57$597,625$569,058$560,704$639,347
58$622,969$561,328$543,874$659,633
59$649,776$552,098$525,357$677,328
60$678,161$541,257$505,064$695,762
61$708,246$528,692$482,897$714,998
62$740,170$514,281$458,756$735,107
63$774,079$497,892$432,537$756,167
64$810,137$479,391$404,129$778,267
65$848,522$458,632$373,418$801,503
66$889,428$435,462$340,285$825,983
67$933,069$409,719$304,603$851,828
68$979,679$381,232$266,244$879,172
69$1,029,512$349,819$225,070$908,161
70$1,082,851$315,288$180,938$938,962
71$1,140,003$277,438$133,700$971,757
72$1,201,305$236,055$83,201$1,006,749
73$1,267,128$190,911$29,278$1,044,163
74$1,337,879$141,770$0$1,084,250
75$1,414,004$88,378$0$1,129,097
76$1,495,993$30,469$0$1,179,320
77$1,584,384$0$0$1,233,397
78$1,679,769$0$0$1,299,876
79$1,782,797$0$0$1,380,033
80$1,894,182$0$0$1,466,715
81$2,014,709$0$0$1,560,535
82$2,145,240$0$0$1,662,167
83$2,286,724$0$0$1,772,353
84$2,440,204$0$0$1,891,909
85$2,606,826$0$0$2,021,730
86$2,787,851$0$0$2,162,804
87$2,984,668$0$0$2,316,216
88$3,198,802$0$0$2,483,158
89$3,431,933$0$0$2,664,946
90$3,685,910$0$0$2,863,024
91$3,962,765$0$0$3,078,983
92$4,264,738$0$0$3,314,574
93$4,594,292$0$0$3,571,723
94$4,954,139$0$0$3,852,551
95$5,347,265$0$0$4,159,395
96$5,776,954$0$0$4,494,824
97$6,246,827$0$0$4,861,668
98$6,760,866$0$0$5,263,044
99$7,323,458$0$0$5,702,384
100$7,939,434$0$0$6,183,465