Can I retire at age 57 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$45,006$44,605$44,214$43,832$43,459$42,460
2 years$22,280$21,865$21,463$21,073$20,695$19,694
3 years$14,706$14,289$13,888$13,502$13,130$12,158
4 years$10,919$10,504$10,107$9,727$9,364$8,429
5 years$8,648$8,235$7,843$7,471$7,118$6,223
6 years$7,135$6,725$6,339$5,975$5,633$4,778
7 years$6,054$5,647$5,267$4,912$4,581$3,766
8 years$5,244$4,841$4,467$4,121$3,800$3,026
9 years$4,614$4,215$3,848$3,510$3,200$2,466
10 years$4,110$3,715$3,354$3,026$2,727$2,031
11 years$3,698$3,307$2,953$2,633$2,345$1,687
12 years$3,356$2,969$2,621$2,310$2,032$1,411
13 years$3,066$2,683$2,342$2,039$1,772$1,186
14 years$2,817$2,438$2,104$1,810$1,553$1,002
15 years$2,602$2,228$1,900$1,614$1,368$849
16 years$2,415$2,044$1,722$1,445$1,209$722
17 years$2,249$1,882$1,567$1,299$1,072$616
18 years$2,102$1,739$1,431$1,170$953$526
19 years$1,970$1,612$1,310$1,058$849$450
20 years$1,852$1,498$1,202$958$759$386
21 years$1,746$1,395$1,106$869$679$331
22 years$1,649$1,302$1,019$790$609$285
23 years$1,560$1,218$941$720$546$245
24 years$1,479$1,141$870$657$491$211
25 years$1,405$1,071$806$600$442$182
26 years$1,337$1,007$747$548$398$156
27 years$1,273$947$694$502$359$135
28 years$1,215$893$645$460$324$116
29 years$1,160$842$600$422$292$100
30 years$1,109$795$559$387$264$87
31 years$1,062$752$521$355$239$75
32 years$1,018$711$486$327$216$65
33 years$976$674$454$300$196$56
34 years$937$639$424$276$177$48
35 years$900$606$397$254$160$42
36 years$866$575$371$234$145$36
37 years$833$546$347$216$132$31
38 years$802$519$325$199$119$27
39 years$773$493$305$183$108$23
40 years$745$469$286$169$98$20
41 years$719$447$268$156$89$17
42 years$694$426$251$144$81$15
43 years$670$405$236$133$73$13
44 years$648$386$221$123$67$11
45 years$626$369$208$113$60$10
46 years$605$352$195$105$55$8
47 years$586$336$183$97$50$7
48 years$567$320$172$89$45$6
49 years$549$306$162$83$41$5
50 years$532$292$152$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $545,000, adding $5,498 every year, while hoping to spend $34,527 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: 44/40/16 Blend
56$545,000$545,000$545,000$545,000
57$606,261$577,376$568,929$629,913
58$631,363$568,931$551,251$638,580
59$657,869$558,915$531,825$644,097
60$685,884$547,215$510,553$649,338
61$715,526$533,710$487,338$654,291
62$746,921$518,273$462,076$658,948
63$780,208$500,770$434,657$663,301
64$815,539$481,057$404,968$667,346
65$853,080$458,985$372,890$671,081
66$893,013$434,394$338,300$674,505
67$935,536$407,115$301,069$677,624
68$980,866$376,969$261,060$680,446
69$1,029,242$343,768$218,133$682,983
70$1,080,924$307,312$172,141$685,255
71$1,136,200$267,392$122,928$687,285
72$1,195,381$223,783$70,335$689,107
73$1,258,813$176,251$14,194$690,761
74$1,326,872$124,547$0$692,296
75$1,399,972$68,409$0$701,578
76$1,478,568$7,560$0$713,968
77$1,563,158$0$0$727,159
78$1,654,290$0$0$766,945
79$1,752,567$0$0$813,488
80$1,858,648$0$0$863,782
81$1,973,259$0$0$918,175
82$2,097,200$0$0$977,055
83$2,231,346$0$0$1,040,845
84$2,376,663$0$0$1,110,012
85$2,534,210$0$0$1,185,068
86$2,705,154$0$0$1,266,578
87$2,890,776$0$0$1,355,162
88$3,092,487$0$0$1,451,503
89$3,311,838$0$0$1,556,350
90$3,550,537$0$0$1,670,531
91$3,810,461$0$0$1,794,955
92$4,093,677$0$0$1,930,622
93$4,402,459$0$0$2,078,633
94$4,739,310$0$0$2,240,201
95$5,106,987$0$0$2,416,659
96$5,508,520$0$0$2,609,477
97$5,947,250$0$0$2,820,271
98$6,426,851$0$0$3,050,822
99$6,951,370$0$0$3,303,090
100$7,525,263$0$0$3,579,233