Can I retire at age 57 with 548,000?

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 $548,000?

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$45,253$44,850$44,457$44,073$43,698$42,249
2 years$22,403$21,985$21,581$21,189$20,809$19,362
3 years$14,787$14,368$13,964$13,576$13,202$11,804
4 years$10,980$10,562$10,162$9,781$9,416$8,077
5 years$8,696$8,281$7,887$7,513$7,158$5,882
6 years$7,174$6,762$6,373$6,008$5,664$4,452
7 years$6,087$5,678$5,296$4,939$4,606$3,458
8 years$5,272$4,867$4,492$4,144$3,821$2,736
9 years$4,639$4,238$3,869$3,529$3,218$2,195
10 years$4,133$3,736$3,373$3,042$2,742$1,779
11 years$3,719$3,326$2,969$2,648$2,358$1,453
12 years$3,374$2,985$2,635$2,322$2,043$1,195
13 years$3,083$2,697$2,354$2,050$1,782$987
14 years$2,833$2,452$2,115$1,820$1,562$819
15 years$2,617$2,240$1,910$1,623$1,375$682
16 years$2,428$2,055$1,732$1,453$1,216$569
17 years$2,261$1,893$1,576$1,306$1,078$476
18 years$2,113$1,749$1,438$1,177$958$399
19 years$1,981$1,621$1,317$1,063$854$335
20 years$1,862$1,506$1,209$963$763$281
21 years$1,755$1,403$1,112$874$683$237
22 years$1,658$1,310$1,025$795$612$199
23 years$1,569$1,225$946$724$549$168
24 years$1,488$1,148$875$660$494$142
25 years$1,413$1,077$810$603$444$119
26 years$1,344$1,012$752$551$400$101
27 years$1,280$953$698$505$361$85
28 years$1,221$898$649$462$326$72
29 years$1,167$847$604$424$294$61
30 years$1,115$800$562$389$266$51
31 years$1,068$756$524$357$240$43
32 years$1,023$715$489$328$217$37
33 years$981$677$457$302$197$31
34 years$942$642$427$278$178$26
35 years$905$609$399$256$161$22
36 years$870$578$373$236$146$19
37 years$837$549$349$217$132$16
38 years$806$522$327$200$120$13
39 years$777$496$306$184$109$11
40 years$749$472$287$170$99$10
41 years$723$449$269$157$90$8
42 years$698$428$253$145$81$7
43 years$674$408$237$134$74$6
44 years$651$389$223$123$67$5
45 years$629$371$209$114$61$4
46 years$609$354$196$105$55$4
47 years$589$337$184$97$50$3
48 years$570$322$173$90$46$3
49 years$552$308$163$83$41$2
50 years$535$294$153$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $548,000, adding $4,399 every year, while hoping to spend $31,564 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: 60/34/6 Blend
56$548,000$548,000$548,000$548,000
57$608,434$579,390$570,896$643,980
58$636,910$574,196$556,437$663,105
59$667,233$567,690$540,436$679,926
60$699,558$559,773$522,807$697,470
61$734,054$550,344$503,463$715,806
62$770,908$539,291$482,309$735,013
63$810,324$526,499$459,249$755,177
64$852,524$511,845$434,182$776,398
65$897,755$495,199$407,000$798,784
66$946,284$476,422$377,593$822,456
67$998,408$455,370$345,846$847,552
68$1,054,451$431,888$311,636$874,222
69$1,114,766$405,812$274,838$902,636
70$1,179,747$376,971$235,319$932,983
71$1,249,820$345,181$192,941$965,472
72$1,325,457$310,251$147,560$1,000,337
73$1,407,177$271,976$99,026$1,037,840
74$1,495,547$230,141$47,182$1,078,269
75$1,591,193$184,519$0$1,121,947
76$1,694,803$134,868$0$1,169,754
77$1,807,133$80,937$0$1,224,824
78$1,929,013$22,455$0$1,284,587
79$2,061,358$0$0$1,349,547
80$2,205,172$0$0$1,435,549
81$2,361,563$0$0$1,538,245
82$2,531,747$0$0$1,650,040
83$2,717,063$0$0$1,771,816
84$2,918,984$0$0$1,904,548
85$3,139,131$0$0$2,049,306
86$3,379,290$0$0$2,207,271
87$3,641,423$0$0$2,379,740
88$3,927,694$0$0$2,568,141
89$4,240,482$0$0$2,774,047
90$4,582,407$0$0$2,999,191
91$4,956,355$0$0$3,245,479
92$5,365,502$0$0$3,515,009
93$5,813,345$0$0$3,810,094
94$6,303,735$0$0$4,133,279
95$6,840,915$0$0$4,487,367
96$7,429,554$0$0$4,875,446
97$8,074,796$0$0$5,300,916
98$8,782,307$0$0$5,767,521
99$9,558,327$0$0$6,279,386
100$10,409,727$0$0$6,841,053