Can I retire at age 57 with 552,000?

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 $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%14.2%
1 years$45,584$45,178$44,781$44,395$44,017$43,252
2 years$22,566$22,146$21,739$21,344$20,961$20,193
3 years$14,895$14,473$14,066$13,675$13,298$12,551
4 years$11,060$10,639$10,237$9,852$9,484$8,764
5 years$8,759$8,341$7,944$7,567$7,210$6,517
6 years$7,226$6,811$6,420$6,052$5,705$5,042
7 years$6,132$5,720$5,335$4,975$4,640$4,006
8 years$5,311$4,903$4,525$4,174$3,849$3,245
9 years$4,673$4,269$3,897$3,555$3,241$2,666
10 years$4,163$3,763$3,397$3,065$2,762$2,215
11 years$3,746$3,350$2,991$2,667$2,375$1,856
12 years$3,399$3,007$2,655$2,339$2,058$1,567
13 years$3,105$2,717$2,372$2,065$1,795$1,330
14 years$2,854$2,470$2,131$1,833$1,573$1,134
15 years$2,636$2,256$1,924$1,635$1,385$971
16 years$2,446$2,070$1,744$1,464$1,224$834
17 years$2,278$1,906$1,587$1,315$1,086$718
18 years$2,129$1,762$1,449$1,185$965$620
19 years$1,996$1,633$1,326$1,071$860$536
20 years$1,876$1,517$1,217$970$769$464
21 years$1,768$1,413$1,120$880$688$403
22 years$1,670$1,319$1,032$801$616$350
23 years$1,580$1,234$953$729$553$304
24 years$1,498$1,156$881$665$497$265
25 years$1,423$1,085$816$607$448$230
26 years$1,354$1,020$757$555$403$201
27 years$1,290$960$703$508$363$175
28 years$1,230$904$653$466$328$153
29 years$1,175$853$608$427$296$133
30 years$1,124$806$566$392$268$117
31 years$1,076$761$528$360$242$102
32 years$1,031$721$493$331$219$89
33 years$989$682$460$304$198$78
34 years$949$647$430$280$179$68
35 years$912$613$402$258$162$59
36 years$877$582$376$237$147$52
37 years$844$553$352$219$133$45
38 years$812$526$330$202$121$40
39 years$783$500$309$186$110$35
40 years$755$475$289$171$99$30
41 years$728$453$271$158$90$27
42 years$703$431$255$146$82$23
43 years$679$411$239$135$74$20
44 years$656$391$224$124$67$18
45 years$634$373$210$115$61$16
46 years$613$356$198$106$56$14
47 years$593$340$186$98$50$12
48 years$574$324$175$91$46$10
49 years$556$310$164$84$42$9
50 years$539$296$154$77$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $552,000, adding $2,769 every year, while hoping to spend $24,931 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: 38/34/28 Blend
56$552,000$552,000$552,000$552,000
57$611,160$581,904$573,348$629,202
58$646,972$583,891$566,029$644,693
59$685,601$585,140$557,629$658,938
60$727,309$585,588$548,086$673,858
61$772,381$585,169$537,334$689,529
62$821,134$583,812$525,304$706,039
63$873,914$581,443$511,926$723,486
64$931,102$577,982$497,124$741,979
65$993,116$573,345$480,819$761,642
66$1,060,417$567,442$462,931$782,610
67$1,133,513$560,180$443,372$805,039
68$1,212,959$551,457$422,053$829,099
69$1,299,370$541,167$398,880$854,982
70$1,393,419$529,198$373,756$882,903
71$1,495,849$515,429$346,578$913,100
72$1,607,476$499,736$317,239$945,839
73$1,729,199$481,984$285,627$981,416
74$1,862,008$462,031$251,626$1,020,161
75$2,006,990$439,728$215,113$1,062,443
76$2,165,345$414,917$175,961$1,108,668
77$2,338,392$387,430$134,038$1,159,292
78$2,527,584$357,089$89,204$1,214,821
79$2,734,519$323,709$41,314$1,275,813
80$2,960,959$287,089$0$1,342,894
81$3,208,843$247,023$0$1,419,681
82$3,480,306$203,288$0$1,517,377
83$3,777,699$155,650$0$1,624,528
84$4,103,611$103,865$0$1,742,130
85$4,460,896$47,670$0$1,871,284
86$4,852,693$0$0$2,013,206
87$5,282,462$0$0$2,174,183
88$5,754,013$0$0$2,370,456
89$6,271,544$0$0$2,585,946
90$6,839,677$0$0$2,822,588
91$7,463,506$0$0$3,082,512
92$8,148,641$0$0$3,368,067
93$8,901,260$0$0$3,681,840
94$9,728,173$0$0$4,026,680
95$10,636,878$0$0$4,405,726
96$11,635,640$0$0$4,822,437
97$12,733,559$0$0$5,280,624
98$13,940,666$0$0$5,784,484
99$15,268,008$0$0$6,338,643
100$16,727,759$0$0$6,948,196