Can I retire at age 57 with 541,000?

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 $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%15.7%
1 years$44,675$44,277$43,889$43,510$43,140$42,131
2 years$22,116$21,705$21,305$20,918$20,543$19,532
3 years$14,598$14,184$13,786$13,403$13,033$12,053
4 years$10,839$10,427$10,033$9,656$9,295$8,352
5 years$8,585$8,175$7,786$7,417$7,066$6,163
6 years$7,082$6,675$6,292$5,931$5,591$4,729
7 years$6,009$5,606$5,229$4,876$4,547$3,726
8 years$5,205$4,805$4,434$4,091$3,772$2,991
9 years$4,580$4,184$3,819$3,484$3,177$2,436
10 years$4,080$3,688$3,330$3,003$2,707$2,005
11 years$3,671$3,283$2,931$2,614$2,328$1,665
12 years$3,331$2,947$2,602$2,293$2,017$1,391
13 years$3,043$2,663$2,324$2,024$1,759$1,169
14 years$2,797$2,421$2,088$1,797$1,542$987
15 years$2,583$2,211$1,886$1,602$1,358$836
16 years$2,397$2,029$1,710$1,435$1,200$710
17 years$2,232$1,868$1,556$1,289$1,064$605
18 years$2,086$1,727$1,420$1,162$946$517
19 years$1,956$1,600$1,300$1,050$843$442
20 years$1,839$1,487$1,193$951$753$378
21 years$1,733$1,385$1,097$863$674$325
22 years$1,637$1,293$1,011$785$604$279
23 years$1,549$1,209$934$715$542$239
24 years$1,469$1,133$864$652$487$206
25 years$1,395$1,063$800$595$439$177
26 years$1,327$999$742$544$395$153
27 years$1,264$940$689$498$356$132
28 years$1,206$886$640$456$321$113
29 years$1,152$836$596$419$290$98
30 years$1,101$789$555$384$262$84
31 years$1,054$746$518$353$237$73
32 years$1,010$706$483$324$214$63
33 years$969$669$451$298$194$54
34 years$930$634$421$274$176$47
35 years$894$601$394$253$159$40
36 years$859$571$368$233$144$35
37 years$827$542$345$214$131$30
38 years$796$515$323$197$119$26
39 years$767$490$303$182$107$22
40 years$740$466$284$168$97$19
41 years$714$444$266$155$88$17
42 years$689$422$249$143$80$15
43 years$665$402$234$132$73$13
44 years$643$384$220$122$66$11
45 years$621$366$206$113$60$9
46 years$601$349$194$104$54$8
47 years$582$333$182$96$49$7
48 years$563$318$171$89$45$6
49 years$545$304$161$82$41$5
50 years$528$290$151$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $541,000, adding $2,874 every year, while hoping to spend $27,284 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: 73/14/13 Blend
56$541,000$541,000$541,000$541,000
57$599,147$570,474$562,088$641,035
58$631,230$569,397$551,888$668,057
59$665,671$567,353$540,432$694,002
60$702,681$564,265$527,649$721,686
61$742,494$560,054$513,464$751,272
62$785,364$554,632$497,801$782,945
63$831,572$547,910$480,578$816,905
64$881,425$539,790$461,710$853,374
65$935,262$530,171$441,109$892,597
66$993,453$518,944$418,681$934,845
67$1,056,409$505,996$394,330$980,417
68$1,124,577$491,204$367,954$1,029,643
69$1,198,451$474,440$339,448$1,082,887
70$1,278,574$455,569$308,700$1,140,550
71$1,365,543$434,446$275,596$1,203,077
72$1,460,014$410,920$240,014$1,270,957
73$1,562,710$384,829$201,829$1,344,730
74$1,674,424$356,004$160,908$1,424,994
75$1,796,031$324,264$117,115$1,512,405
76$1,928,493$289,419$70,305$1,607,692
77$2,072,868$251,270$20,329$1,711,656
78$2,230,321$209,602$0$1,825,181
79$2,402,133$164,192$0$1,953,823
80$2,589,717$114,804$0$2,097,388
81$2,794,625$61,186$0$2,254,266
82$3,018,567$3,075$0$2,425,793
83$3,263,427$0$0$2,613,444
84$3,531,276$0$0$2,828,057
85$3,824,398$0$0$3,063,461
86$4,145,306$0$0$3,321,206
87$4,496,768$0$0$3,603,516
88$4,881,830$0$0$3,912,844
89$5,303,851$0$0$4,251,889
90$5,766,525$0$0$4,623,625
91$6,273,926$0$0$5,031,326
92$6,830,536$0$0$5,478,599
93$7,441,296$0$0$5,969,418
94$8,111,646$0$0$6,508,158
95$8,847,579$0$0$7,099,640
96$9,655,696$0$0$7,749,175
97$10,543,270$0$0$8,462,611
98$11,518,311$0$0$9,246,393
99$12,589,644$0$0$10,107,620
100$13,766,992$0$0$11,054,111