Can I retire at age 57 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$45,584$45,178$44,781$44,395$44,017$42,780
2 years$22,566$22,146$21,739$21,344$20,961$19,723
3 years$14,895$14,473$14,066$13,675$13,298$12,100
4 years$11,060$10,639$10,237$9,852$9,484$8,334
5 years$8,759$8,341$7,944$7,567$7,210$6,111
6 years$7,226$6,811$6,420$6,052$5,705$4,658
7 years$6,132$5,720$5,335$4,975$4,640$3,645
8 years$5,311$4,903$4,525$4,174$3,849$2,906
9 years$4,673$4,269$3,897$3,555$3,241$2,350
10 years$4,163$3,763$3,397$3,065$2,762$1,920
11 years$3,746$3,350$2,991$2,667$2,375$1,582
12 years$3,399$3,007$2,655$2,339$2,058$1,311
13 years$3,105$2,717$2,372$2,065$1,795$1,093
14 years$2,854$2,470$2,131$1,833$1,573$915
15 years$2,636$2,256$1,924$1,635$1,385$769
16 years$2,446$2,070$1,744$1,464$1,224$648
17 years$2,278$1,906$1,587$1,315$1,086$547
18 years$2,129$1,762$1,449$1,185$965$463
19 years$1,996$1,633$1,326$1,071$860$392
20 years$1,876$1,517$1,217$970$769$333
21 years$1,768$1,413$1,120$880$688$283
22 years$1,670$1,319$1,032$801$616$241
23 years$1,580$1,234$953$729$553$205
24 years$1,498$1,156$881$665$497$175
25 years$1,423$1,085$816$607$448$149
26 years$1,354$1,020$757$555$403$127
27 years$1,290$960$703$508$363$108
28 years$1,230$904$653$466$328$92
29 years$1,175$853$608$427$296$79
30 years$1,124$806$566$392$268$67
31 years$1,076$761$528$360$242$58
32 years$1,031$721$493$331$219$49
33 years$989$682$460$304$198$42
34 years$949$647$430$280$179$36
35 years$912$613$402$258$162$31
36 years$877$582$376$237$147$26
37 years$844$553$352$219$133$22
38 years$812$526$330$202$121$19
39 years$783$500$309$186$110$16
40 years$755$475$289$171$99$14
41 years$728$453$271$158$90$12
42 years$703$431$255$146$82$10
43 years$679$411$239$135$74$9
44 years$656$391$224$124$67$8
45 years$634$373$210$115$61$6
46 years$613$356$198$106$56$5
47 years$593$340$186$98$50$5
48 years$574$324$175$91$46$4
49 years$556$310$164$84$42$3
50 years$539$296$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $552,000, adding $5,772 every year, while hoping to spend $35,585 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: 53/31/16 Blend
56$552,000$552,000$552,000$552,000
57$614,258$585,002$576,446$643,877
58$639,050$575,805$557,895$655,568
59$665,178$564,964$537,529$664,024
60$692,741$552,363$515,251$672,433
61$721,847$537,874$490,958$680,798
62$752,612$521,367$464,542$689,129
63$785,166$502,701$435,891$697,435
64$819,647$481,727$404,888$705,731
65$856,208$458,290$371,409$714,034
66$895,017$432,222$335,327$722,368
67$936,256$403,348$296,508$730,759
68$980,125$371,482$254,811$739,242
69$1,026,842$336,429$210,092$747,855
70$1,076,646$297,981$162,196$756,646
71$1,129,800$255,918$110,966$765,670
72$1,186,591$210,009$56,235$774,993
73$1,247,334$160,010$0$784,690
74$1,312,373$105,661$0$795,221
75$1,382,087$46,691$0$816,584
76$1,456,891$0$0$839,317
77$1,537,241$0$0$869,452
78$1,623,637$0$0$919,018
79$1,716,627$0$0$972,408
80$1,816,815$0$0$1,029,972
81$1,924,863$0$0$1,092,097
82$2,041,497$0$0$1,159,206
83$2,167,518$0$0$1,231,765
84$2,303,803$0$0$1,310,286
85$2,451,317$0$0$1,395,333
86$2,611,123$0$0$1,487,523
87$2,784,387$0$0$1,587,537
88$2,972,392$0$0$1,696,124
89$3,176,549$0$0$1,814,106
90$3,398,412$0$0$1,942,390
91$3,639,686$0$0$2,081,970
92$3,902,252$0$0$2,233,944
93$4,188,175$0$0$2,399,516
94$4,499,732$0$0$2,580,015
95$4,839,425$0$0$2,776,901
96$5,210,009$0$0$2,991,782
97$5,614,517$0$0$3,226,427
98$6,056,287$0$0$3,482,784
99$6,538,994$0$0$3,762,999
100$7,066,684$0$0$4,069,432