Can I retire at age 57 with 546,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$45,088$44,687$44,295$43,912$43,539$43,048
2 years$22,321$21,905$21,502$21,112$20,733$20,239
3 years$14,733$14,315$13,913$13,526$13,154$12,672
4 years$10,939$10,523$10,125$9,745$9,381$8,915
5 years$8,664$8,250$7,858$7,485$7,132$6,683
6 years$7,148$6,737$6,350$5,986$5,643$5,212
7 years$6,065$5,658$5,277$4,921$4,589$4,176
8 years$5,253$4,850$4,475$4,128$3,807$3,412
9 years$4,622$4,223$3,855$3,516$3,206$2,828
10 years$4,118$3,722$3,361$3,031$2,732$2,371
11 years$3,705$3,313$2,959$2,638$2,349$2,006
12 years$3,362$2,974$2,626$2,314$2,036$1,709
13 years$3,071$2,688$2,346$2,043$1,775$1,465
14 years$2,823$2,443$2,108$1,813$1,556$1,262
15 years$2,607$2,232$1,903$1,617$1,370$1,091
16 years$2,419$2,048$1,725$1,448$1,211$947
17 years$2,253$1,886$1,570$1,301$1,074$824
18 years$2,106$1,742$1,433$1,173$955$719
19 years$1,974$1,615$1,312$1,059$851$629
20 years$1,856$1,501$1,204$960$760$551
21 years$1,749$1,398$1,108$871$680$483
22 years$1,652$1,305$1,021$792$610$425
23 years$1,563$1,220$943$721$547$373
24 years$1,482$1,143$872$658$492$329
25 years$1,408$1,073$807$601$443$290
26 years$1,339$1,008$749$549$399$256
27 years$1,276$949$695$503$360$226
28 years$1,217$894$646$461$324$199
29 years$1,162$844$602$422$293$176
30 years$1,111$797$560$388$265$156
31 years$1,064$753$522$356$239$138
32 years$1,019$713$487$327$216$122
33 years$978$675$455$301$196$108
34 years$939$640$425$277$177$95
35 years$902$607$397$255$161$85
36 years$867$576$372$235$146$75
37 years$834$547$348$216$132$66
38 years$803$520$326$199$120$59
39 years$774$494$305$184$108$52
40 years$746$470$286$170$98$46
41 years$720$448$268$156$89$41
42 years$695$426$252$144$81$36
43 years$671$406$236$133$73$32
44 years$649$387$222$123$67$29
45 years$627$369$208$114$61$25
46 years$607$352$196$105$55$22
47 years$587$336$184$97$50$20
48 years$568$321$173$90$45$18
49 years$550$306$162$83$41$16
50 years$533$293$153$77$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $546,000, adding $5,098 every year, while hoping to spend $45,544 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: 45/41/14 Blend
56$546,000$546,000$546,000$546,000
57$606,951$578,013$569,550$631,621
58$620,401$557,877$540,171$629,176
59$633,697$535,228$508,282$621,523
60$646,775$509,895$473,750$612,227
61$659,562$481,696$436,437$601,157
62$671,979$450,440$396,199$588,167
63$683,934$415,925$352,885$573,106
64$695,326$377,936$306,337$555,808
65$706,041$336,247$256,391$536,095
66$715,952$290,618$202,876$513,776
67$724,919$240,797$145,611$488,648
68$732,782$186,518$84,410$460,490
69$739,365$127,497$19,078$429,064
70$744,473$63,437$0$394,117
71$747,887$0$0$362,939
72$749,365$0$0$333,900
73$748,638$0$0$332,352
74$745,405$0$0$329,523
75$739,336$0$0$325,250
76$730,062$0$0$319,347
77$717,173$0$0$311,611
78$700,219$0$0$301,816
79$678,697$0$0$289,712
80$652,052$0$0$275,023
81$619,669$0$0$257,442
82$580,868$0$0$236,630
83$534,896$0$0$212,213
84$480,920$0$0$183,776
85$418,020$0$0$150,860
86$345,178$0$0$112,960
87$261,268$0$0$69,515
88$165,047$0$0$19,908
89$55,141$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0