Can I retire at age 57 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$44,758$44,359$43,970$43,591$43,220$42,192
2 years$22,157$21,745$21,345$20,957$20,581$19,552
3 years$14,625$14,210$13,811$13,427$13,057$12,058
4 years$10,859$10,446$10,051$9,674$9,313$8,352
5 years$8,601$8,190$7,800$7,430$7,079$6,159
6 years$7,095$6,688$6,304$5,942$5,602$4,724
7 years$6,020$5,616$5,238$4,885$4,556$3,719
8 years$5,215$4,814$4,443$4,098$3,779$2,985
9 years$4,588$4,192$3,826$3,491$3,183$2,429
10 years$4,088$3,695$3,336$3,009$2,712$1,998
11 years$3,678$3,289$2,937$2,619$2,332$1,658
12 years$3,337$2,952$2,606$2,297$2,021$1,385
13 years$3,049$2,668$2,329$2,028$1,762$1,163
14 years$2,802$2,425$2,092$1,800$1,545$981
15 years$2,588$2,215$1,889$1,605$1,360$830
16 years$2,401$2,033$1,713$1,437$1,202$705
17 years$2,237$1,872$1,559$1,292$1,066$600
18 years$2,090$1,730$1,423$1,164$948$512
19 years$1,960$1,603$1,302$1,052$845$438
20 years$1,842$1,490$1,195$953$755$375
21 years$1,736$1,388$1,099$864$675$321
22 years$1,640$1,295$1,013$786$605$275
23 years$1,552$1,211$936$716$543$236
24 years$1,471$1,135$865$653$488$203
25 years$1,397$1,065$801$596$439$175
26 years$1,329$1,001$743$545$396$150
27 years$1,266$942$690$499$357$129
28 years$1,208$888$642$457$322$111
29 years$1,154$837$597$419$291$96
30 years$1,103$791$556$385$263$83
31 years$1,056$748$519$353$238$71
32 years$1,012$707$484$325$215$62
33 years$971$670$452$299$194$53
34 years$932$635$422$275$176$46
35 years$895$602$395$253$159$40
36 years$861$572$369$233$144$34
37 years$828$543$345$215$131$29
38 years$798$516$324$198$119$25
39 years$769$491$303$182$108$22
40 years$741$467$284$168$98$19
41 years$715$444$266$155$89$16
42 years$690$423$250$143$80$14
43 years$666$403$234$132$73$12
44 years$644$384$220$122$66$11
45 years$623$367$207$113$60$9
46 years$602$350$194$104$55$8
47 years$583$334$182$96$50$7
48 years$564$319$171$89$45$6
49 years$546$304$161$82$41$5
50 years$529$291$151$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $542,000, adding $4,581 every year, while hoping to spend $28,208 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: 43/39/18 Blend
56$542,000$542,000$542,000$542,000
57$602,009$573,283$564,882$624,563
58$633,401$571,361$553,793$638,986
59$667,050$568,399$541,386$651,476
60$703,155$564,317$527,589$664,416
61$741,937$559,029$512,324$677,859
62$783,637$552,444$495,509$691,869
63$828,521$544,467$477,061$706,516
64$876,879$534,994$456,891$721,879
65$929,030$523,918$434,907$738,049
66$985,326$511,125$411,012$755,128
67$1,046,153$496,494$385,104$773,229
68$1,111,934$479,896$357,079$792,483
69$1,183,136$461,195$326,825$813,033
70$1,260,270$440,249$294,228$835,042
71$1,343,901$416,904$259,168$858,693
72$1,434,647$391,000$221,518$884,190
73$1,533,190$362,368$181,148$911,762
74$1,640,278$330,827$137,920$941,666
75$1,756,737$296,188$91,690$974,187
76$1,883,473$258,250$42,310$1,009,645
77$2,021,484$216,800$0$1,048,398
78$2,171,867$171,616$0$1,092,839
79$2,335,832$122,459$0$1,150,220
80$2,514,707$69,080$0$1,212,932
81$2,709,958$11,216$0$1,281,561
82$2,923,195$0$0$1,356,757
83$3,156,191$0$0$1,461,305
84$3,410,901$0$0$1,580,921
85$3,689,474$0$0$1,711,812
86$3,994,276$0$0$1,855,096
87$4,327,916$0$0$2,012,009
88$4,693,263$0$0$2,183,910
89$5,093,478$0$0$2,372,295
90$5,532,042$0$0$2,578,812
91$6,012,790$0$0$2,805,277
92$6,539,942$0$0$3,053,689
93$7,118,151$0$0$3,326,251
94$7,752,537$0$0$3,625,389
95$8,448,744$0$0$3,953,774
96$9,212,985$0$0$4,314,350
97$10,052,106$0$0$4,710,360
98$10,973,649$0$0$5,145,375
99$11,985,921$0$0$5,623,330
100$13,098,072$0$0$6,148,560