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%12.3%
1 years$44,593$44,195$43,808$43,430$43,060$42,646
2 years$22,076$21,664$21,266$20,880$20,505$20,088
3 years$14,571$14,158$13,761$13,378$13,009$12,602
4 years$10,819$10,408$10,014$9,638$9,278$8,884
5 years$8,569$8,160$7,771$7,403$7,053$6,673
6 years$7,069$6,663$6,280$5,920$5,581$5,215
7 years$5,998$5,596$5,219$4,867$4,539$4,188
8 years$5,195$4,796$4,426$4,083$3,765$3,429
9 years$4,571$4,176$3,812$3,478$3,171$2,850
10 years$4,072$3,681$3,324$2,998$2,702$2,395
11 years$3,665$3,277$2,926$2,609$2,324$2,031
12 years$3,325$2,941$2,597$2,289$2,014$1,735
13 years$3,038$2,658$2,320$2,020$1,756$1,491
14 years$2,792$2,416$2,085$1,794$1,539$1,288
15 years$2,579$2,207$1,882$1,599$1,355$1,117
16 years$2,392$2,025$1,706$1,432$1,198$972
17 years$2,228$1,865$1,553$1,287$1,062$848
18 years$2,083$1,723$1,417$1,160$944$742
19 years$1,952$1,597$1,298$1,048$842$651
20 years$1,835$1,484$1,191$949$752$572
21 years$1,730$1,382$1,095$861$673$503
22 years$1,633$1,290$1,010$783$603$443
23 years$1,546$1,207$932$713$541$391
24 years$1,466$1,131$862$650$487$345
25 years$1,392$1,061$798$594$438$305
26 years$1,324$997$741$543$394$270
27 years$1,262$939$688$497$356$239
28 years$1,204$884$639$456$321$212
29 years$1,150$834$595$418$290$188
30 years$1,099$788$554$383$262$167
31 years$1,052$745$517$352$237$148
32 years$1,008$705$482$324$214$131
33 years$967$668$450$298$194$117
34 years$928$633$420$274$175$104
35 years$892$600$393$252$159$92
36 years$858$570$368$232$144$82
37 years$825$541$344$214$130$73
38 years$795$514$322$197$118$65
39 years$766$489$302$182$107$58
40 years$738$465$283$168$97$51
41 years$712$443$265$155$88$45
42 years$687$422$249$143$80$40
43 years$664$402$234$132$73$36
44 years$642$383$219$122$66$32
45 years$620$365$206$112$60$29
46 years$600$348$193$104$54$25
47 years$581$332$182$96$49$23
48 years$562$317$171$89$45$20
49 years$544$303$160$82$41$18
50 years$527$289$151$76$37$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $540,000, adding $4,183 every year, while hoping to spend $34,458 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: 44/48/8 Blend
56$540,000$540,000$540,000$540,000
57$599,395$570,775$562,405$624,224
58$623,870$562,080$544,582$633,153
59$649,687$551,804$525,008$638,960
60$676,946$539,833$503,586$644,463
61$705,756$526,047$480,219$649,647
62$736,238$510,317$454,800$654,495
63$768,521$492,510$427,223$658,995
64$802,749$472,482$397,374$663,135
65$839,077$450,081$365,133$666,903
66$877,675$425,147$330,378$670,293
67$918,730$397,512$292,978$673,297
68$962,446$366,995$252,798$675,915
69$1,009,047$333,409$209,698$678,148
70$1,058,776$296,552$163,529$680,001
71$1,111,902$256,214$114,138$681,485
72$1,168,718$212,171$61,364$682,617
73$1,229,547$164,187$5,039$683,421
74$1,294,741$112,013$0$683,927
75$1,364,689$55,385$0$688,877
76$1,439,814$0$0$694,386
77$1,520,584$0$0$703,256
78$1,607,510$0$0$744,332
79$1,701,155$0$0$788,633
80$1,802,138$0$0$836,456
81$1,911,135$0$0$888,130
82$2,028,894$0$0$944,014
83$2,156,232$0$0$1,004,506
84$2,294,052$0$0$1,070,040
85$2,443,342$0$0$1,141,096
86$2,605,192$0$0$1,218,199
87$2,780,799$0$0$1,301,929
88$2,971,478$0$0$1,392,924
89$3,178,679$0$0$1,491,883
90$3,403,993$0$0$1,599,577
91$3,649,174$0$0$1,716,855
92$3,916,149$0$0$1,844,651
93$4,207,041$0$0$1,983,991
94$4,524,184$0$0$2,136,006
95$4,870,148$0$0$2,301,940
96$5,247,763$0$0$2,483,164
97$5,660,141$0$0$2,681,185
98$6,110,711$0$0$2,897,663
99$6,603,246$0$0$3,134,426
100$7,141,901$0$0$3,393,487