Can I retire at age 57 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$44,593$44,195$43,808$43,430$43,060$42,277
2 years$22,076$21,664$21,266$20,880$20,505$19,719
3 years$14,571$14,158$13,761$13,378$13,009$12,245
4 years$10,819$10,408$10,014$9,638$9,278$8,541
5 years$8,569$8,160$7,771$7,403$7,053$6,345
6 years$7,069$6,663$6,280$5,920$5,581$4,903
7 years$5,998$5,596$5,219$4,867$4,539$3,892
8 years$5,195$4,796$4,426$4,083$3,765$3,148
9 years$4,571$4,176$3,812$3,478$3,171$2,584
10 years$4,072$3,681$3,324$2,998$2,702$2,144
11 years$3,665$3,277$2,926$2,609$2,324$1,795
12 years$3,325$2,941$2,597$2,289$2,014$1,513
13 years$3,038$2,658$2,320$2,020$1,756$1,282
14 years$2,792$2,416$2,085$1,794$1,539$1,092
15 years$2,579$2,207$1,882$1,599$1,355$933
16 years$2,392$2,025$1,706$1,432$1,198$800
17 years$2,228$1,865$1,553$1,287$1,062$688
18 years$2,083$1,723$1,417$1,160$944$593
19 years$1,952$1,597$1,298$1,048$842$512
20 years$1,835$1,484$1,191$949$752$443
21 years$1,730$1,382$1,095$861$673$384
22 years$1,633$1,290$1,010$783$603$333
23 years$1,546$1,207$932$713$541$289
24 years$1,466$1,131$862$650$487$251
25 years$1,392$1,061$798$594$438$218
26 years$1,324$997$741$543$394$190
27 years$1,262$939$688$497$356$165
28 years$1,204$884$639$456$321$144
29 years$1,150$834$595$418$290$126
30 years$1,099$788$554$383$262$110
31 years$1,052$745$517$352$237$96
32 years$1,008$705$482$324$214$83
33 years$967$668$450$298$194$73
34 years$928$633$420$274$175$63
35 years$892$600$393$252$159$55
36 years$858$570$368$232$144$48
37 years$825$541$344$214$130$42
38 years$795$514$322$197$118$37
39 years$766$489$302$182$107$32
40 years$738$465$283$168$97$28
41 years$712$443$265$155$88$25
42 years$687$422$249$143$80$21
43 years$664$402$234$132$73$19
44 years$642$383$219$122$66$16
45 years$620$365$206$112$60$14
46 years$600$348$193$104$54$13
47 years$581$332$182$96$49$11
48 years$562$317$171$89$45$10
49 years$544$303$160$82$41$8
50 years$527$289$151$76$37$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $540,000, adding $6,008 every year, while hoping to spend $25,921 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: 51/25/24 Blend
56$540,000$540,000$540,000$540,000
57$601,277$572,657$564,287$627,627
58$635,028$573,138$555,611$647,012
59$671,352$572,773$545,776$664,954
60$710,485$571,494$534,714$683,934
61$752,686$569,228$522,358$704,059
62$798,237$565,898$508,635$725,452
63$847,452$561,421$493,468$748,246
64$900,671$555,710$476,779$772,593
65$958,273$548,673$458,484$798,658
66$1,020,670$540,212$438,497$826,628
67$1,088,319$530,223$416,727$856,709
68$1,161,719$518,595$393,079$889,130
69$1,241,422$505,214$367,454$924,145
70$1,328,032$489,954$339,749$962,036
71$1,422,216$472,687$309,856$1,003,117
72$1,524,707$453,273$277,660$1,047,736
73$1,636,310$431,567$243,045$1,096,278
74$1,757,914$407,414$205,887$1,149,171
75$1,890,494$380,650$166,058$1,206,889
76$2,035,126$351,103$123,422$1,269,957
77$2,192,991$318,590$77,839$1,338,958
78$2,365,393$282,918$29,164$1,414,536
79$2,553,765$243,882$0$1,497,405
80$2,759,684$201,267$0$1,594,191
81$2,984,888$154,846$0$1,708,284
82$3,231,290$104,376$0$1,833,220
83$3,500,996$49,606$0$1,970,115
84$3,796,326$0$0$2,120,203
85$4,119,834$0$0$2,287,522
86$4,474,332$0$0$2,485,878
87$4,862,919$0$0$2,703,365
88$5,289,006$0$0$2,941,899
89$5,756,351$0$0$3,203,591
90$6,269,093$0$0$3,490,768
91$6,831,791$0$0$3,805,989
92$7,449,467$0$0$4,152,076
93$8,127,652$0$0$4,532,137
94$8,872,439$0$0$4,949,596
95$9,690,542$0$0$5,408,224
96$10,589,354$0$0$5,912,175
97$11,577,022$0$0$6,466,028
98$12,662,519$0$0$7,074,824
99$13,855,734$0$0$7,744,119
100$15,167,558$0$0$8,480,033