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 $6,474 every year, while hoping to spend $34,306 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: 79/5/16 Blend
56$539,000$539,000$539,000$539,000
57$600,656$572,089$563,734$645,554
58$625,422$563,620$546,118$667,574
59$651,563$553,586$526,762$686,707
60$679,186$541,875$505,571$706,741
61$708,402$528,366$482,448$727,752
62$739,337$512,934$457,287$749,825
63$772,125$495,443$429,982$773,052
64$806,915$475,754$400,420$797,537
65$843,869$453,714$368,482$823,394
66$883,163$429,166$334,046$850,747
67$924,992$401,941$296,983$879,736
68$969,568$371,862$257,158$910,513
69$1,017,122$338,742$214,431$943,249
70$1,067,909$302,381$168,656$978,130
71$1,122,209$262,571$119,679$1,015,363
72$1,180,326$219,089$67,340$1,055,175
73$1,242,597$171,701$11,473$1,097,820
74$1,309,388$120,161$0$1,143,575
75$1,381,103$64,206$0$1,200,968
76$1,458,185$3,562$0$1,264,744
77$1,541,120$0$0$1,333,349
78$1,630,442$0$0$1,410,646
79$1,726,737$0$0$1,494,202
80$1,830,648$0$0$1,584,380
81$1,942,884$0$0$1,681,795
82$2,064,221$0$0$1,787,125
83$2,195,514$0$0$1,901,113
84$2,337,703$0$0$2,024,577
85$2,491,820$0$0$2,158,414
86$2,659,000$0$0$2,303,614
87$2,840,492$0$0$2,461,263
88$3,037,670$0$0$2,632,557
89$3,252,045$0$0$2,818,810
90$3,485,279$0$0$3,021,470
91$3,739,201$0$0$3,242,128
92$4,015,824$0$0$3,482,536
93$4,317,361$0$0$3,744,621
94$4,646,251$0$0$4,030,505
95$5,005,176$0$0$4,342,524
96$5,397,089$0$0$4,683,247
97$5,825,241$0$0$5,055,503
98$6,293,210$0$0$5,462,409
99$6,804,936$0$0$5,907,394
100$7,364,758$0$0$6,394,233