Can I retire at age 57 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$44,923$44,523$44,132$43,751$43,379$41,940
2 years$22,239$21,825$21,424$21,034$20,657$19,221
3 years$14,679$14,263$13,862$13,477$13,106$11,718
4 years$10,899$10,485$10,088$9,709$9,347$8,018
5 years$8,632$8,220$7,829$7,458$7,105$5,839
6 years$7,121$6,712$6,327$5,964$5,622$4,420
7 years$6,043$5,637$5,258$4,903$4,572$3,433
8 years$5,234$4,832$4,459$4,113$3,793$2,716
9 years$4,605$4,207$3,841$3,504$3,194$2,179
10 years$4,103$3,708$3,348$3,020$2,722$1,766
11 years$3,692$3,301$2,948$2,628$2,341$1,442
12 years$3,349$2,963$2,616$2,305$2,029$1,186
13 years$3,060$2,678$2,337$2,035$1,769$980
14 years$2,812$2,434$2,100$1,807$1,551$813
15 years$2,598$2,224$1,896$1,611$1,365$677
16 years$2,410$2,040$1,719$1,443$1,207$565
17 years$2,245$1,879$1,564$1,296$1,070$472
18 years$2,098$1,736$1,428$1,168$951$396
19 years$1,967$1,609$1,307$1,056$848$332
20 years$1,849$1,495$1,200$956$757$279
21 years$1,742$1,393$1,104$868$678$235
22 years$1,646$1,300$1,017$789$608$198
23 years$1,557$1,216$939$718$545$167
24 years$1,477$1,139$868$655$490$141
25 years$1,403$1,069$804$598$441$119
26 years$1,334$1,005$746$547$397$100
27 years$1,271$946$693$501$358$84
28 years$1,212$891$644$459$323$71
29 years$1,158$841$599$421$292$60
30 years$1,107$794$558$386$264$51
31 years$1,060$750$520$355$238$43
32 years$1,016$710$486$326$216$36
33 years$974$672$453$300$195$31
34 years$935$637$424$276$177$26
35 years$899$605$396$254$160$22
36 years$864$574$370$234$145$19
37 years$831$545$347$215$131$16
38 years$801$518$325$199$119$13
39 years$771$492$304$183$108$11
40 years$744$469$285$169$98$10
41 years$718$446$267$156$89$8
42 years$693$425$251$144$81$7
43 years$669$405$235$133$73$6
44 years$646$386$221$123$66$5
45 years$625$368$207$113$60$4
46 years$604$351$195$105$55$3
47 years$585$335$183$97$50$3
48 years$566$320$172$89$45$2
49 years$548$305$162$82$41$2
50 years$531$292$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $544,000, adding $4,457 every year, while hoping to spend $23,239 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: 47/42/11 Blend
56$544,000$544,000$544,000$544,000
57$604,085$575,253$566,821$630,432
58$640,976$578,715$561,084$652,529
59$680,851$581,567$554,375$673,732
60$723,989$583,755$546,638$696,218
61$770,699$585,222$537,814$720,114
62$821,318$585,906$527,838$745,560
63$876,219$585,742$516,647$772,715
64$935,810$584,660$504,172$801,750
65$1,000,541$582,587$490,340$832,859
66$1,070,907$579,444$475,077$866,255
67$1,147,452$575,150$458,305$902,174
68$1,230,776$569,615$439,942$940,878
69$1,321,536$562,747$419,901$982,659
70$1,420,458$554,447$398,093$1,027,838
71$1,528,340$544,611$374,424$1,076,771
72$1,646,060$533,126$348,797$1,129,854
73$1,774,586$519,877$321,109$1,187,525
74$1,914,981$504,738$291,253$1,250,266
75$2,068,417$487,578$259,118$1,318,616
76$2,236,183$468,258$224,587$1,393,166
77$2,419,701$446,629$187,538$1,474,575
78$2,620,534$422,537$147,843$1,563,568
79$2,840,403$395,816$105,371$1,660,950
80$3,081,205$366,292$59,981$1,767,611
81$3,345,028$333,780$11,531$1,884,535
82$3,634,171$298,086$0$2,012,809
83$3,951,167$259,003$0$2,158,352
84$4,298,806$216,314$0$2,319,530
85$4,680,159$169,788$0$2,496,477
86$5,098,611$119,184$0$2,690,840
87$5,557,889$64,243$0$2,904,436
88$6,062,098$4,696$0$3,139,272
89$6,615,763$0$0$3,397,564
90$7,223,863$0$0$3,709,371
91$7,891,889$0$0$4,054,355
92$8,625,886$0$0$4,433,477
93$9,432,515$0$0$4,850,185
94$10,319,114$0$0$5,308,278
95$11,293,767$0$0$5,811,943
96$12,365,381$0$0$6,365,792
97$13,543,769$0$0$6,974,906
98$14,839,741$0$0$7,644,883
99$16,265,210$0$0$8,381,892
100$17,833,299$0$0$9,192,729