Can I retire at age 57 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$45,501$45,096$44,700$44,314$43,938$42,429
2 years$22,525$22,106$21,699$21,305$20,923$19,418
3 years$14,868$14,446$14,041$13,650$13,274$11,821
4 years$11,040$10,620$10,218$9,834$9,467$8,077
5 years$8,743$8,326$7,930$7,554$7,197$5,872
6 years$7,213$6,799$6,408$6,041$5,695$4,437
7 years$6,120$5,710$5,325$4,966$4,631$3,441
8 years$5,301$4,894$4,516$4,166$3,842$2,718
9 years$4,665$4,261$3,890$3,549$3,236$2,176
10 years$4,155$3,756$3,391$3,059$2,757$1,760
11 years$3,739$3,344$2,986$2,662$2,371$1,435
12 years$3,393$3,001$2,650$2,335$2,055$1,177
13 years$3,099$2,712$2,367$2,062$1,792$971
14 years$2,848$2,465$2,127$1,830$1,571$804
15 years$2,631$2,252$1,920$1,632$1,383$668
16 years$2,441$2,066$1,741$1,461$1,222$556
17 years$2,274$1,903$1,584$1,313$1,084$464
18 years$2,125$1,758$1,446$1,183$964$388
19 years$1,992$1,630$1,324$1,069$859$325
20 years$1,873$1,514$1,215$968$767$272
21 years$1,765$1,411$1,118$879$686$229
22 years$1,667$1,317$1,030$799$615$192
23 years$1,577$1,232$951$728$552$161
24 years$1,496$1,154$880$664$496$136
25 years$1,421$1,083$815$606$447$114
26 years$1,351$1,018$756$554$402$96
27 years$1,287$958$702$507$363$81
28 years$1,228$903$652$465$327$68
29 years$1,173$851$607$426$296$58
30 years$1,122$804$565$391$267$49
31 years$1,074$760$527$359$241$41
32 years$1,029$719$492$330$218$34
33 years$987$681$459$304$198$29
34 years$947$646$429$279$179$25
35 years$910$612$401$257$162$21
36 years$875$581$375$237$147$17
37 years$842$552$351$218$133$15
38 years$811$525$329$201$121$12
39 years$781$499$308$185$109$10
40 years$753$475$289$171$99$9
41 years$727$452$271$158$90$7
42 years$702$430$254$146$82$6
43 years$678$410$238$134$74$5
44 years$655$391$224$124$67$4
45 years$633$373$210$115$61$4
46 years$612$355$197$106$55$3
47 years$592$339$185$98$50$3
48 years$573$324$174$90$46$2
49 years$555$309$164$84$42$2
50 years$538$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $551,000, adding $5,768 every year, while hoping to spend $53,571 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: 62/11/27 Blend
56$551,000$551,000$551,000$551,000
57$613,152$583,949$575,408$646,414
58$618,694$555,563$537,685$641,289
59$623,006$523,991$496,903$629,351
60$625,906$489,020$452,903$615,163
61$627,192$450,425$405,518$598,514
62$626,638$407,968$354,575$579,174
63$623,995$361,399$299,893$556,894
64$618,985$310,450$241,283$531,400
65$611,302$254,843$178,546$502,396
66$600,605$194,280$111,477$469,556
67$586,515$128,448$39,861$432,528
68$568,615$57,017$0$390,923
69$546,440$0$0$354,855
70$519,478$0$0$328,732
71$487,161$0$0$305,827
72$448,861$0$0$278,808
73$403,882$0$0$247,198
74$351,456$0$0$210,473
75$290,734$0$0$168,051
76$220,776$0$0$119,290
77$140,545$0$0$63,479
78$48,894$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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