Can I retire at age 57 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$44,840$44,441$44,051$43,671$43,300$42,219
2 years$22,198$21,785$21,384$20,996$20,619$19,537
3 years$14,652$14,237$13,837$13,452$13,081$12,032
4 years$10,879$10,465$10,070$9,691$9,330$8,321
5 years$8,616$8,205$7,815$7,444$7,092$6,127
6 years$7,108$6,700$6,315$5,953$5,612$4,691
7 years$6,032$5,627$5,248$4,894$4,564$3,687
8 years$5,224$4,823$4,451$4,106$3,786$2,954
9 years$4,597$4,199$3,833$3,497$3,189$2,400
10 years$4,095$3,702$3,342$3,015$2,717$1,970
11 years$3,685$3,295$2,942$2,624$2,337$1,632
12 years$3,343$2,958$2,611$2,301$2,025$1,360
13 years$3,054$2,673$2,333$2,032$1,766$1,140
14 years$2,807$2,430$2,096$1,803$1,548$959
15 years$2,593$2,219$1,893$1,608$1,363$811
16 years$2,406$2,036$1,716$1,440$1,204$687
17 years$2,241$1,875$1,561$1,294$1,068$583
18 years$2,094$1,733$1,425$1,166$950$497
19 years$1,963$1,606$1,305$1,054$846$423
20 years$1,845$1,492$1,198$954$756$362
21 years$1,739$1,390$1,101$866$677$309
22 years$1,643$1,298$1,015$787$606$265
23 years$1,555$1,214$937$717$544$227
24 years$1,474$1,137$867$654$489$194
25 years$1,400$1,067$803$597$440$167
26 years$1,332$1,003$745$546$397$143
27 years$1,269$944$691$500$358$123
28 years$1,210$889$643$458$323$106
29 years$1,156$839$598$420$291$91
30 years$1,105$792$557$386$263$78
31 years$1,058$749$519$354$238$67
32 years$1,014$709$485$325$215$58
33 years$972$671$453$299$195$50
34 years$934$636$423$275$176$43
35 years$897$603$395$253$160$37
36 years$862$573$370$233$145$32
37 years$830$544$346$215$131$27
38 years$799$517$324$198$119$23
39 years$770$492$304$183$108$20
40 years$742$468$285$169$98$17
41 years$716$445$267$156$89$15
42 years$691$424$250$144$81$13
43 years$668$404$235$133$73$11
44 years$645$385$221$122$66$10
45 years$624$367$207$113$60$8
46 years$603$350$194$104$55$7
47 years$584$334$183$96$50$6
48 years$565$319$172$89$45$5
49 years$547$305$161$82$41$5
50 years$530$291$152$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $543,000, adding $6,701 every year, while hoping to spend $42,621 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: 34/36/30 Blend
56$543,000$543,000$543,000$543,000
57$605,298$576,519$568,103$620,219
58$621,690$559,420$541,786$615,003
59$638,326$540,055$513,159$605,136
60$655,184$518,267$482,099$593,687
61$672,243$493,892$448,479$580,544
62$689,474$466,755$412,165$565,591
63$706,845$436,670$373,017$548,702
64$724,320$403,444$330,890$529,744
65$741,857$366,869$285,631$508,577
66$759,407$326,727$237,081$485,052
67$776,917$282,787$185,074$459,008
68$794,325$234,806$129,436$430,278
69$811,560$182,525$69,986$398,682
70$828,545$125,674$6,536$364,029
71$845,189$63,965$0$326,116
72$861,393$0$0$304,310
73$877,044$0$0$283,456
74$892,017$0$0$287,644
75$906,172$0$0$291,480
76$919,350$0$0$294,904
77$931,375$0$0$297,849
78$942,052$0$0$300,239
79$951,162$0$0$301,992
80$958,462$0$0$303,013
81$963,679$0$0$303,201
82$966,514$0$0$302,440
83$966,631$0$0$300,604
84$963,658$0$0$297,550
85$957,183$0$0$293,123
86$946,747$0$0$287,149
87$931,842$0$0$279,436
88$911,905$0$0$269,771
89$886,313$0$0$257,917
90$854,375$0$0$243,614
91$815,324$0$0$226,573
92$768,316$0$0$206,474
93$712,412$0$0$182,964
94$646,577$0$0$155,652
95$569,663$0$0$124,106
96$480,404$0$0$87,848
97$377,399$0$0$46,351
98$259,099$0$0$0
99$123,794$0$0$0
100$0$0$0$0