Can I retire at age 57 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$45,749$45,341$44,944$44,556$44,177$43,463
2 years$22,648$22,226$21,817$21,421$21,037$20,319
3 years$14,949$14,525$14,117$13,725$13,346$12,648
4 years$11,100$10,677$10,274$9,888$9,519$8,845
5 years$8,791$8,371$7,973$7,595$7,236$6,588
6 years$7,252$6,836$6,443$6,074$5,726$5,105
7 years$6,154$5,741$5,354$4,993$4,656$4,063
8 years$5,330$4,921$4,541$4,189$3,863$3,297
9 years$4,690$4,284$3,911$3,568$3,253$2,714
10 years$4,178$3,777$3,410$3,076$2,772$2,259
11 years$3,760$3,362$3,002$2,677$2,384$1,896
12 years$3,411$3,018$2,664$2,348$2,066$1,604
13 years$3,116$2,727$2,380$2,073$1,801$1,364
14 years$2,864$2,479$2,139$1,840$1,579$1,165
15 years$2,645$2,264$1,931$1,641$1,390$999
16 years$2,454$2,078$1,751$1,469$1,229$860
17 years$2,286$1,913$1,593$1,320$1,090$742
18 years$2,137$1,768$1,454$1,190$969$642
19 years$2,003$1,639$1,331$1,075$864$556
20 years$1,883$1,523$1,222$974$771$483
21 years$1,774$1,418$1,124$884$690$420
22 years$1,676$1,324$1,036$803$619$366
23 years$1,586$1,238$956$732$555$319
24 years$1,504$1,160$884$667$499$278
25 years$1,428$1,089$819$609$449$243
26 years$1,359$1,023$760$557$405$212
27 years$1,294$963$705$510$365$185
28 years$1,235$907$656$467$329$162
29 years$1,179$856$610$429$297$142
30 years$1,128$808$568$393$269$124
31 years$1,080$764$530$361$243$109
32 years$1,034$723$494$332$220$95
33 years$992$685$462$305$199$84
34 years$952$649$431$281$180$73
35 years$915$616$403$259$163$64
36 years$880$584$377$238$148$56
37 years$847$555$353$219$134$49
38 years$815$527$331$202$121$43
39 years$786$502$310$186$110$38
40 years$757$477$290$172$100$33
41 years$731$454$272$159$91$29
42 years$705$433$255$146$82$26
43 years$681$412$240$135$75$23
44 years$658$393$225$125$68$20
45 years$636$375$211$115$61$17
46 years$615$357$198$106$56$15
47 years$596$341$186$98$51$13
48 years$577$326$175$91$46$12
49 years$558$311$165$84$42$10
50 years$541$297$155$78$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $554,000, adding $5,334 every year, while hoping to spend $39,324 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: 60/18/22 Blend
56$554,000$554,000$554,000$554,000
57$616,010$586,648$578,061$649,085
58$637,003$573,553$555,586$659,046
59$658,818$558,499$531,039$665,149
60$681,500$541,348$504,311$670,936
61$705,093$521,953$475,285$676,382
62$729,646$500,162$443,841$681,464
63$755,211$475,812$409,851$686,157
64$781,844$448,729$373,183$690,435
65$809,607$418,731$333,699$694,273
66$838,564$385,626$291,255$697,645
67$868,786$349,210$245,700$700,525
68$900,348$309,267$196,877$702,885
69$933,332$265,569$144,621$704,701
70$967,826$217,877$88,760$705,946
71$1,003,927$165,935$29,116$706,594
72$1,041,737$109,476$0$706,623
73$1,081,370$48,216$0$714,114
74$1,122,947$0$0$728,759
75$1,166,599$0$0$747,338
76$1,212,471$0$0$776,912
77$1,260,719$0$0$808,033
78$1,311,512$0$0$840,813
79$1,365,035$0$0$875,372
80$1,421,490$0$0$911,844
81$1,481,095$0$0$950,371
82$1,544,091$0$0$991,113
83$1,610,738$0$0$1,034,240
84$1,681,321$0$0$1,079,940
85$1,756,152$0$0$1,128,418
86$1,835,570$0$0$1,179,898
87$1,919,948$0$0$1,234,624
88$2,009,694$0$0$1,292,866
89$2,105,251$0$0$1,354,916
90$2,207,108$0$0$1,421,096
91$2,315,798$0$0$1,491,758
92$2,431,908$0$0$1,567,287
93$2,556,077$0$0$1,648,106
94$2,689,010$0$0$1,734,679
95$2,831,476$0$0$1,827,514
96$2,984,321$0$0$1,927,168
97$3,148,474$0$0$2,034,255
98$3,324,953$0$0$2,149,446
99$3,514,876$0$0$2,273,479
100$3,719,470$0$0$2,407,164