Can I retire at age 57 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$45,831$45,423$45,025$44,636$44,256$42,909
2 years$22,689$22,266$21,857$21,460$21,075$19,728
3 years$14,976$14,551$14,143$13,749$13,371$12,068
4 years$11,120$10,697$10,292$9,906$9,536$8,287
5 years$8,807$8,386$7,987$7,609$7,249$6,057
6 years$7,265$6,848$6,455$6,085$5,736$4,602
7 years$6,165$5,751$5,364$5,002$4,665$3,589
8 years$5,340$4,930$4,549$4,196$3,870$2,852
9 years$4,698$4,292$3,918$3,574$3,259$2,297
10 years$4,186$3,783$3,416$3,081$2,777$1,870
11 years$3,766$3,368$3,007$2,682$2,388$1,534
12 years$3,417$3,023$2,669$2,352$2,070$1,267
13 years$3,122$2,732$2,385$2,077$1,805$1,052
14 years$2,869$2,483$2,143$1,843$1,582$877
15 years$2,650$2,268$1,934$1,644$1,393$734
16 years$2,459$2,081$1,754$1,472$1,231$615
17 years$2,290$1,917$1,596$1,323$1,092$517
18 years$2,140$1,771$1,457$1,192$971$436
19 years$2,007$1,642$1,334$1,077$865$368
20 years$1,886$1,525$1,224$975$773$311
21 years$1,778$1,421$1,126$885$691$263
22 years$1,679$1,326$1,038$805$620$223
23 years$1,589$1,240$958$733$556$189
24 years$1,507$1,162$886$669$500$160
25 years$1,431$1,091$821$611$450$136
26 years$1,361$1,025$761$558$405$115
27 years$1,297$965$707$511$365$98
28 years$1,237$909$657$468$330$83
29 years$1,181$858$611$429$298$71
30 years$1,130$810$570$394$269$60
31 years$1,081$766$531$362$243$51
32 years$1,036$724$495$333$220$43
33 years$994$686$463$306$199$37
34 years$954$650$432$281$180$31
35 years$917$617$404$259$163$27
36 years$881$585$378$239$148$23
37 years$848$556$354$220$134$19
38 years$817$528$331$203$122$16
39 years$787$502$310$187$110$14
40 years$759$478$291$172$100$12
41 years$732$455$273$159$91$10
42 years$707$433$256$147$82$9
43 years$682$413$240$135$75$7
44 years$659$394$225$125$68$6
45 years$637$375$212$115$62$5
46 years$617$358$199$107$56$5
47 years$597$342$187$99$51$4
48 years$578$326$175$91$46$3
49 years$559$311$165$84$42$3
50 years$542$298$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 $555,000, adding $2,296 every year, while hoping to spend $38,771 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: 70/24/6 Blend
56$555,000$555,000$555,000$555,000
57$613,978$584,563$575,961$656,306
58$635,352$571,955$554,003$671,973
59$657,606$557,429$530,011$684,106
60$680,791$540,851$503,875$696,310
61$704,957$522,079$475,480$708,583
62$730,162$500,960$444,708$720,922
63$756,467$477,335$411,434$733,328
64$783,937$451,036$375,528$745,800
65$812,644$421,882$336,854$758,341
66$842,665$389,686$295,270$770,952
67$874,083$354,246$250,627$783,639
68$906,987$315,352$202,771$796,408
69$941,476$272,780$151,540$809,269
70$977,655$226,295$96,765$822,233
71$1,015,639$175,646$38,270$835,316
72$1,055,552$120,571$0$848,536
73$1,097,531$60,792$0$863,462
74$1,141,722$0$0$881,290
75$1,188,287$0$0$900,667
76$1,237,399$0$0$938,050
77$1,289,251$0$0$977,528
78$1,344,048$0$0$1,019,264
79$1,402,018$0$0$1,063,430
80$1,463,410$0$0$1,110,217
81$1,528,492$0$0$1,159,834
82$1,597,561$0$0$1,212,507
83$1,670,939$0$0$1,268,486
84$1,748,980$0$0$1,328,042
85$1,832,071$0$0$1,391,473
86$1,920,636$0$0$1,459,106
87$2,015,137$0$0$1,531,296
88$2,116,083$0$0$1,608,436
89$2,224,031$0$0$1,690,953
90$2,339,591$0$0$1,779,320
91$2,463,433$0$0$1,874,049
92$2,596,290$0$0$1,975,709
93$2,738,968$0$0$2,084,918
94$2,892,353$0$0$2,202,359
95$3,057,413$0$0$2,328,780
96$3,235,217$0$0$2,465,002
97$3,426,933$0$0$2,611,926
98$3,633,849$0$0$2,770,546
99$3,857,377$0$0$2,941,948
100$4,099,071$0$0$3,127,332