Can I retire at age 57 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$45,666$45,259$44,863$44,475$44,097$43,189
2 years$22,607$22,186$21,778$21,382$20,999$20,088
3 years$14,922$14,499$14,092$13,700$13,322$12,437
4 years$11,080$10,658$10,255$9,870$9,502$8,649
5 years$8,775$8,356$7,958$7,581$7,223$6,406
6 years$7,239$6,823$6,432$6,063$5,715$4,934
7 years$6,143$5,730$5,345$4,984$4,648$3,903
8 years$5,321$4,912$4,533$4,181$3,856$3,146
9 years$4,681$4,277$3,904$3,562$3,247$2,573
10 years$4,171$3,770$3,404$3,070$2,767$2,127
11 years$3,753$3,356$2,997$2,672$2,380$1,774
12 years$3,405$3,012$2,659$2,344$2,062$1,489
13 years$3,111$2,722$2,376$2,069$1,798$1,257
14 years$2,859$2,474$2,135$1,837$1,576$1,066
15 years$2,641$2,260$1,927$1,638$1,388$908
16 years$2,450$2,074$1,747$1,467$1,227$775
17 years$2,282$1,910$1,590$1,318$1,088$664
18 years$2,133$1,765$1,452$1,188$967$570
19 years$1,999$1,636$1,329$1,073$862$490
20 years$1,879$1,520$1,220$972$770$422
21 years$1,771$1,416$1,122$882$689$364
22 years$1,673$1,322$1,034$802$618$314
23 years$1,583$1,236$955$730$554$271
24 years$1,501$1,158$883$666$498$235
25 years$1,426$1,087$818$608$448$203
26 years$1,356$1,021$758$556$404$176
27 years$1,292$961$704$509$364$152
28 years$1,233$906$655$466$329$132
29 years$1,177$854$609$428$297$115
30 years$1,126$807$567$393$268$99
31 years$1,078$763$529$361$242$86
32 years$1,033$722$494$331$219$75
33 years$990$684$461$305$198$65
34 years$951$648$431$280$180$56
35 years$913$615$403$258$163$49
36 years$878$583$377$238$147$43
37 years$845$554$353$219$134$37
38 years$814$526$330$202$121$32
39 years$784$501$309$186$110$28
40 years$756$476$290$172$100$24
41 years$729$453$272$158$90$21
42 years$704$432$255$146$82$18
43 years$680$411$239$135$74$16
44 years$657$392$225$125$68$14
45 years$635$374$211$115$61$12
46 years$614$357$198$106$56$10
47 years$594$340$186$98$51$9
48 years$575$325$175$91$46$8
49 years$557$310$164$84$42$7
50 years$540$296$155$78$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $553,000, adding $6,950 every year, while hoping to spend $24,656 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: 39/34/27 Blend
56$553,000$553,000$553,000$553,000
57$616,575$587,266$578,694$635,458
58$653,232$589,808$571,847$652,396
59$692,801$591,649$563,944$667,907
60$735,554$592,727$554,923$684,205
61$781,789$592,979$544,721$701,376
62$831,833$592,336$533,271$719,519
63$886,046$590,726$520,501$738,742
64$944,823$588,072$506,339$759,169
65$1,008,600$584,293$490,706$780,934
66$1,077,856$579,302$473,524$804,191
67$1,153,117$573,008$454,706$829,110
68$1,234,962$565,312$434,166$855,881
69$1,324,029$556,113$411,811$884,715
70$1,421,018$545,300$387,545$915,847
71$1,526,701$532,759$361,266$949,540
72$1,641,926$518,367$332,871$986,086
73$1,767,630$501,993$302,249$1,025,809
74$1,904,839$483,502$269,285$1,069,072
75$2,054,686$462,747$233,860$1,116,274
76$2,218,417$439,575$195,847$1,167,862
77$2,397,405$413,823$155,117$1,224,332
78$2,593,159$385,320$111,533$1,286,233
79$2,807,345$353,884$64,953$1,354,176
80$3,041,792$319,322$15,227$1,428,838
81$3,298,518$281,432$0$1,510,970
82$3,579,743$239,999$0$1,612,306
83$3,887,914$194,796$0$1,728,259
84$4,225,724$145,584$0$1,855,507
85$4,596,140$92,109$0$1,995,237
86$5,002,429$34,105$0$2,148,757
87$5,448,190$0$0$2,317,512
88$5,937,388$0$0$2,513,841
89$6,474,388$0$0$2,743,438
90$7,064,001$0$0$2,995,609
91$7,711,525$0$0$3,272,631
92$8,422,797$0$0$3,577,010
93$9,204,247$0$0$3,911,509
94$10,062,958$0$0$4,279,171
95$11,006,734$0$0$4,683,348
96$12,044,171$0$0$5,127,733
97$13,184,742$0$0$5,616,396
98$14,438,880$0$0$6,153,820
99$15,818,084$0$0$6,744,945
100$17,335,020$0$0$7,395,213