Can I retire at age 57 with 554,000?

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 $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%11.3%
1 years$45,749$45,341$44,944$44,556$44,177$43,935
2 years$22,648$22,226$21,817$21,421$21,037$20,793
3 years$14,949$14,525$14,117$13,725$13,346$13,108
4 years$11,100$10,677$10,274$9,888$9,519$9,288
5 years$8,791$8,371$7,973$7,595$7,236$7,013
6 years$7,252$6,836$6,443$6,074$5,726$5,510
7 years$6,154$5,741$5,354$4,993$4,656$4,450
8 years$5,330$4,921$4,541$4,189$3,863$3,664
9 years$4,690$4,284$3,911$3,568$3,253$3,063
10 years$4,178$3,777$3,410$3,076$2,772$2,590
11 years$3,760$3,362$3,002$2,677$2,384$2,210
12 years$3,411$3,018$2,664$2,348$2,066$1,900
13 years$3,116$2,727$2,380$2,073$1,801$1,643
14 years$2,864$2,479$2,139$1,840$1,579$1,428
15 years$2,645$2,264$1,931$1,641$1,390$1,247
16 years$2,454$2,078$1,751$1,469$1,229$1,092
17 years$2,286$1,913$1,593$1,320$1,090$960
18 years$2,137$1,768$1,454$1,190$969$846
19 years$2,003$1,639$1,331$1,075$864$747
20 years$1,883$1,523$1,222$974$771$661
21 years$1,774$1,418$1,124$884$690$586
22 years$1,676$1,324$1,036$803$619$520
23 years$1,586$1,238$956$732$555$463
24 years$1,504$1,160$884$667$499$412
25 years$1,428$1,089$819$609$449$367
26 years$1,359$1,023$760$557$405$327
27 years$1,294$963$705$510$365$292
28 years$1,235$907$656$467$329$261
29 years$1,179$856$610$429$297$233
30 years$1,128$808$568$393$269$208
31 years$1,080$764$530$361$243$186
32 years$1,034$723$494$332$220$167
33 years$992$685$462$305$199$149
34 years$952$649$431$281$180$134
35 years$915$616$403$259$163$120
36 years$880$584$377$238$148$107
37 years$847$555$353$219$134$96
38 years$815$527$331$202$121$86
39 years$786$502$310$186$110$78
40 years$757$477$290$172$100$70
41 years$731$454$272$159$91$62
42 years$705$433$255$146$82$56
43 years$681$412$240$135$75$50
44 years$658$393$225$125$68$45
45 years$636$375$211$115$61$40
46 years$615$357$198$106$56$36
47 years$596$341$186$98$51$33
48 years$577$326$175$91$46$29
49 years$558$311$165$84$42$26
50 years$541$297$155$78$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $554,000, adding $2,702 every year, while hoping to spend $20,862 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: 78/5/17 Blend
56$554,000$554,000$554,000$554,000
57$613,295$583,933$575,346$658,632
58$653,654$590,349$572,423$695,337
59$697,431$596,380$568,703$732,690
60$744,951$601,985$564,137$773,092
61$796,575$607,121$558,674$816,840
62$852,697$611,741$552,261$864,263
63$913,751$615,796$544,842$915,722
64$980,217$619,233$536,357$971,615
65$1,052,620$621,996$526,746$1,032,380
66$1,131,540$624,026$515,944$1,098,500
67$1,217,613$625,260$503,885$1,170,510
68$1,311,541$625,629$490,496$1,248,995
69$1,414,097$625,064$475,706$1,334,603
70$1,526,130$623,487$459,437$1,428,047
71$1,648,575$620,818$441,609$1,530,113
72$1,782,464$616,972$422,137$1,641,668
73$1,928,930$611,858$400,933$1,763,665
74$2,089,222$605,380$377,906$1,897,158
75$2,264,715$597,437$352,958$2,043,306
76$2,456,925$587,919$325,990$2,203,388
77$2,667,517$576,714$296,897$2,378,812
78$2,898,330$563,698$265,569$2,571,133
79$3,151,385$548,745$231,891$2,782,062
80$3,428,911$531,718$195,744$3,013,486
81$3,733,361$512,474$157,003$3,267,484
82$4,067,438$490,859$115,537$3,546,350
83$4,434,119$466,714$71,210$3,852,609
84$4,836,683$439,867$23,879$4,189,046
85$5,278,743$410,138$0$4,558,732
86$5,764,278$377,338$0$4,969,879
87$6,297,670$341,264$0$5,426,324
88$6,883,751$301,704$0$5,927,869
89$7,527,838$258,432$0$6,479,075
90$8,235,794$211,211$0$7,084,968
91$9,014,074$159,790$0$7,751,084
92$9,869,794$103,904$0$8,483,523
93$10,810,790$43,272$0$9,289,009
94$11,845,697$0$0$10,174,947
95$12,984,029$0$0$11,150,732
96$14,236,269$0$0$12,226,797
97$15,613,965$0$0$13,410,690
98$17,129,842$0$0$14,713,348
99$18,797,920$0$0$16,146,823
100$20,633,650$0$0$17,724,392