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%17.9%
1 years$45,749$45,341$44,944$44,556$44,177$42,763
2 years$22,648$22,226$21,817$21,421$21,037$19,625
3 years$14,949$14,525$14,117$13,725$13,346$11,982
4 years$11,100$10,677$10,274$9,888$9,519$8,211
5 years$8,791$8,371$7,973$7,595$7,236$5,989
6 years$7,252$6,836$6,443$6,074$5,726$4,540
7 years$6,154$5,741$5,354$4,993$4,656$3,533
8 years$5,330$4,921$4,541$4,189$3,863$2,800
9 years$4,690$4,284$3,911$3,568$3,253$2,250
10 years$4,178$3,777$3,410$3,076$2,772$1,827
11 years$3,760$3,362$3,002$2,677$2,384$1,495
12 years$3,411$3,018$2,664$2,348$2,066$1,232
13 years$3,116$2,727$2,380$2,073$1,801$1,020
14 years$2,864$2,479$2,139$1,840$1,579$848
15 years$2,645$2,264$1,931$1,641$1,390$707
16 years$2,454$2,078$1,751$1,469$1,229$592
17 years$2,286$1,913$1,593$1,320$1,090$496
18 years$2,137$1,768$1,454$1,190$969$417
19 years$2,003$1,639$1,331$1,075$864$350
20 years$1,883$1,523$1,222$974$771$295
21 years$1,774$1,418$1,124$884$690$249
22 years$1,676$1,324$1,036$803$619$210
23 years$1,586$1,238$956$732$555$177
24 years$1,504$1,160$884$667$499$150
25 years$1,428$1,089$819$609$449$127
26 years$1,359$1,023$760$557$405$107
27 years$1,294$963$705$510$365$91
28 years$1,235$907$656$467$329$77
29 years$1,179$856$610$429$297$65
30 years$1,128$808$568$393$269$55
31 years$1,080$764$530$361$243$47
32 years$1,034$723$494$332$220$40
33 years$992$685$462$305$199$34
34 years$952$649$431$281$180$28
35 years$915$616$403$259$163$24
36 years$880$584$377$238$148$20
37 years$847$555$353$219$134$17
38 years$815$527$331$202$121$15
39 years$786$502$310$186$110$12
40 years$757$477$290$172$100$11
41 years$731$454$272$159$91$9
42 years$705$433$255$146$82$8
43 years$681$412$240$135$75$6
44 years$658$393$225$125$68$5
45 years$636$375$211$115$61$5
46 years$615$357$198$106$56$4
47 years$596$341$186$98$51$3
48 years$577$326$175$91$46$3
49 years$558$311$165$84$42$2
50 years$541$297$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $554,000, adding $3,097 every year, while hoping to spend $43,727 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: 24/50/26 Blend
56$554,000$554,000$554,000$554,000
57$613,703$584,341$575,754$623,325
58$629,775$566,448$548,516$613,741
59$646,021$546,213$518,901$599,551
60$662,413$523,475$486,781$583,417
61$678,917$498,064$452,027$565,204
62$695,497$469,799$414,499$544,773
63$712,108$438,490$374,056$521,973
64$728,703$403,935$330,546$496,645
65$745,224$365,922$283,813$468,621
66$761,610$324,225$233,694$437,722
67$777,789$278,607$180,018$403,760
68$793,681$228,816$122,606$366,532
69$809,196$174,587$61,272$325,827
70$824,231$115,639$0$281,417
71$838,674$51,677$0$234,224
72$852,397$0$0$201,048
73$865,257$0$0$174,353
74$877,095$0$0$175,767
75$887,734$0$0$176,810
76$896,975$0$0$177,428
77$904,597$0$0$177,560
78$910,354$0$0$177,140
79$913,974$0$0$176,093
80$915,152$0$0$174,337
81$913,551$0$0$171,781
82$908,795$0$0$168,323
83$900,470$0$0$163,852
84$888,113$0$0$158,243
85$871,213$0$0$151,359
86$849,203$0$0$143,048
87$821,456$0$0$133,140
88$787,276$0$0$121,451
89$745,894$0$0$107,773
90$696,458$0$0$91,879
91$638,026$0$0$73,517
92$569,555$0$0$52,408
93$489,894$0$0$28,245
94$397,767$0$0$687
95$291,768$0$0$0
96$170,340$0$0$0
97$31,763$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0