Can I retire at age 57 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$44,675$44,277$43,889$43,510$43,140$41,910
2 years$22,116$21,705$21,305$20,918$20,543$19,314
3 years$14,598$14,184$13,786$13,403$13,033$11,843
4 years$10,839$10,427$10,033$9,656$9,295$8,153
5 years$8,585$8,175$7,786$7,417$7,066$5,975
6 years$7,082$6,675$6,292$5,931$5,591$4,552
7 years$6,009$5,606$5,229$4,876$4,547$3,560
8 years$5,205$4,805$4,434$4,091$3,772$2,837
9 years$4,580$4,184$3,819$3,484$3,177$2,292
10 years$4,080$3,688$3,330$3,003$2,707$1,872
11 years$3,671$3,283$2,931$2,614$2,328$1,541
12 years$3,331$2,947$2,602$2,293$2,017$1,277
13 years$3,043$2,663$2,324$2,024$1,759$1,064
14 years$2,797$2,421$2,088$1,797$1,542$890
15 years$2,583$2,211$1,886$1,602$1,358$747
16 years$2,397$2,029$1,710$1,435$1,200$629
17 years$2,232$1,868$1,556$1,289$1,064$531
18 years$2,086$1,727$1,420$1,162$946$449
19 years$1,956$1,600$1,300$1,050$843$380
20 years$1,839$1,487$1,193$951$753$322
21 years$1,733$1,385$1,097$863$674$274
22 years$1,637$1,293$1,011$785$604$233
23 years$1,549$1,209$934$715$542$198
24 years$1,469$1,133$864$652$487$168
25 years$1,395$1,063$800$595$439$143
26 years$1,327$999$742$544$395$122
27 years$1,264$940$689$498$356$104
28 years$1,206$886$640$456$321$89
29 years$1,152$836$596$419$290$76
30 years$1,101$789$555$384$262$65
31 years$1,054$746$518$353$237$55
32 years$1,010$706$483$324$214$47
33 years$969$669$451$298$194$40
34 years$930$634$421$274$176$34
35 years$894$601$394$253$159$29
36 years$859$571$368$233$144$25
37 years$827$542$345$214$131$21
38 years$796$515$323$197$119$18
39 years$767$490$303$182$107$16
40 years$740$466$284$168$97$13
41 years$714$444$266$155$88$11
42 years$689$422$249$143$80$10
43 years$665$402$234$132$73$8
44 years$643$384$220$122$66$7
45 years$621$366$206$113$60$6
46 years$601$349$194$104$54$5
47 years$582$333$182$96$49$4
48 years$563$318$171$89$45$4
49 years$545$304$161$82$41$3
50 years$528$290$151$76$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $541,000, adding $5,821 every year, while hoping to spend $40,177 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: 54/39/7 Blend
56$541,000$541,000$541,000$541,000
57$602,186$573,513$565,128$633,404
58$620,861$558,867$541,312$640,533
59$640,095$542,157$515,351$643,367
60$659,901$523,240$487,132$645,479
61$680,294$501,962$456,534$646,806
62$701,290$478,164$423,434$647,283
63$722,903$451,675$387,701$646,839
64$745,148$422,317$349,197$645,400
65$768,040$389,897$307,783$642,888
66$791,595$354,216$263,307$639,217
67$815,825$315,061$215,616$634,300
68$840,748$272,207$164,548$628,040
69$866,376$225,417$109,932$620,338
70$892,724$174,440$51,592$611,087
71$919,806$119,012$0$600,173
72$947,635$58,852$0$588,272
73$976,224$0$0$578,626
74$1,005,585$0$0$569,973
75$1,035,729$0$0$587,015
76$1,066,666$0$0$604,501
77$1,098,406$0$0$622,436
78$1,130,955$0$0$640,823
79$1,164,321$0$0$659,664
80$1,198,507$0$0$678,962
81$1,233,517$0$0$698,717
82$1,269,349$0$0$718,927
83$1,306,001$0$0$739,590
84$1,343,469$0$0$760,702
85$1,381,741$0$0$782,256
86$1,420,807$0$0$804,244
87$1,460,649$0$0$826,653
88$1,501,244$0$0$849,470
89$1,542,565$0$0$872,678
90$1,584,580$0$0$896,254
91$1,627,247$0$0$920,173
92$1,670,519$0$0$944,406
93$1,714,340$0$0$968,918
94$1,758,643$0$0$993,667
95$1,803,352$0$0$1,018,608
96$1,848,380$0$0$1,043,685
97$1,893,625$0$0$1,068,837
98$1,938,971$0$0$1,093,994
99$1,984,286$0$0$1,119,075
100$2,029,422$0$0$1,143,990