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%16.3%
1 years$44,840$44,441$44,051$43,671$43,300$42,184
2 years$22,198$21,785$21,384$20,996$20,619$19,503
3 years$14,652$14,237$13,837$13,452$13,081$11,999
4 years$10,879$10,465$10,070$9,691$9,330$8,290
5 years$8,616$8,205$7,815$7,444$7,092$6,098
6 years$7,108$6,700$6,315$5,953$5,612$4,663
7 years$6,032$5,627$5,248$4,894$4,564$3,662
8 years$5,224$4,823$4,451$4,106$3,786$2,930
9 years$4,597$4,199$3,833$3,497$3,189$2,377
10 years$4,095$3,702$3,342$3,015$2,717$1,950
11 years$3,685$3,295$2,942$2,624$2,337$1,612
12 years$3,343$2,958$2,611$2,301$2,025$1,342
13 years$3,054$2,673$2,333$2,032$1,766$1,123
14 years$2,807$2,430$2,096$1,803$1,548$944
15 years$2,593$2,219$1,893$1,608$1,363$797
16 years$2,406$2,036$1,716$1,440$1,204$674
17 years$2,241$1,875$1,561$1,294$1,068$572
18 years$2,094$1,733$1,425$1,166$950$486
19 years$1,963$1,606$1,305$1,054$846$414
20 years$1,845$1,492$1,198$954$756$353
21 years$1,739$1,390$1,101$866$677$301
22 years$1,643$1,298$1,015$787$606$257
23 years$1,555$1,214$937$717$544$220
24 years$1,474$1,137$867$654$489$188
25 years$1,400$1,067$803$597$440$161
26 years$1,332$1,003$745$546$397$138
27 years$1,269$944$691$500$358$119
28 years$1,210$889$643$458$323$102
29 years$1,156$839$598$420$291$87
30 years$1,105$792$557$386$263$75
31 years$1,058$749$519$354$238$64
32 years$1,014$709$485$325$215$55
33 years$972$671$453$299$195$47
34 years$934$636$423$275$176$41
35 years$897$603$395$253$160$35
36 years$862$573$370$233$145$30
37 years$830$544$346$215$131$26
38 years$799$517$324$198$119$22
39 years$770$492$304$183$108$19
40 years$742$468$285$169$98$16
41 years$716$445$267$156$89$14
42 years$691$424$250$144$81$12
43 years$668$404$235$133$73$10
44 years$645$385$221$122$66$9
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$4
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 $4,460 every year, while hoping to spend $38,735 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: 59/11/30 Blend
56$543,000$543,000$543,000$543,000
57$602,986$574,207$565,791$633,383
58$623,277$561,130$543,531$641,630
59$644,340$546,113$519,228$646,154
60$666,211$529,022$492,771$650,301
61$688,932$509,711$464,046$654,044
62$712,546$488,030$432,934$657,357
63$737,099$463,817$399,311$660,212
64$762,640$436,901$363,045$662,583
65$789,223$407,102$324,000$664,441
66$816,904$374,230$282,034$665,756
67$845,745$338,084$236,999$666,499
68$875,811$298,451$188,739$666,641
69$907,173$255,105$137,091$666,151
70$939,909$207,809$81,888$665,000
71$974,100$156,312$22,951$663,157
72$1,009,836$100,348$0$660,594
73$1,047,212$39,639$0$670,065
74$1,086,334$0$0$687,430
75$1,127,314$0$0$708,530
76$1,170,274$0$0$735,693
77$1,215,347$0$0$764,205
78$1,262,678$0$0$794,159
79$1,312,422$0$0$825,658
80$1,364,750$0$0$858,809
81$1,419,847$0$0$893,734
82$1,477,915$0$0$930,561
83$1,539,172$0$0$969,434
84$1,603,859$0$0$1,010,506
85$1,672,237$0$0$1,053,946
86$1,744,589$0$0$1,099,939
87$1,821,228$0$0$1,148,686
88$1,902,492$0$0$1,200,406
89$1,988,754$0$0$1,255,340
90$2,080,419$0$0$1,313,751
91$2,177,932$0$0$1,375,927
92$2,281,778$0$0$1,442,181
93$2,392,489$0$0$1,512,860
94$2,510,650$0$0$1,588,341
95$2,636,897$0$0$1,669,038
96$2,771,932$0$0$1,755,404
97$2,916,522$0$0$1,847,938
98$3,071,509$0$0$1,947,185
99$3,237,815$0$0$2,053,743
100$3,416,455$0$0$2,168,272