Can I retire at age 57 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$46,244$45,832$45,430$45,038$44,655$43,647
2 years$22,893$22,467$22,054$21,653$21,264$20,254
3 years$15,111$14,682$14,270$13,873$13,491$12,510
4 years$11,220$10,793$10,385$9,995$9,622$8,678
5 years$8,886$8,462$8,059$7,677$7,314$6,410
6 years$7,331$6,910$6,513$6,139$5,788$4,924
7 years$6,220$5,803$5,412$5,048$4,707$3,884
8 years$5,388$4,974$4,590$4,234$3,905$3,122
9 years$4,741$4,331$3,953$3,607$3,288$2,545
10 years$4,223$3,817$3,447$3,109$2,802$2,098
11 years$3,800$3,398$3,034$2,706$2,410$1,744
12 years$3,448$3,050$2,693$2,373$2,088$1,459
13 years$3,150$2,757$2,406$2,095$1,821$1,228
14 years$2,895$2,506$2,162$1,860$1,596$1,038
15 years$2,674$2,289$1,952$1,659$1,405$880
16 years$2,481$2,100$1,770$1,485$1,242$749
17 years$2,311$1,934$1,610$1,334$1,101$639
18 years$2,160$1,787$1,470$1,203$979$546
19 years$2,025$1,656$1,346$1,087$873$468
20 years$1,903$1,539$1,235$984$780$401
21 years$1,794$1,434$1,136$893$698$345
22 years$1,694$1,338$1,047$812$625$297
23 years$1,603$1,252$967$740$561$255
24 years$1,520$1,173$894$675$505$220
25 years$1,444$1,101$828$616$454$190
26 years$1,373$1,034$768$563$409$164
27 years$1,308$973$713$516$369$141
28 years$1,248$917$663$472$333$122
29 years$1,192$865$617$433$300$105
30 years$1,140$817$575$398$271$91
31 years$1,091$773$536$365$245$79
32 years$1,046$731$500$336$222$68
33 years$1,003$692$467$309$201$59
34 years$963$656$436$284$182$51
35 years$925$622$408$261$165$44
36 years$889$591$381$241$149$38
37 years$856$561$357$222$135$33
38 years$824$533$334$204$123$28
39 years$794$507$313$188$111$25
40 years$766$482$294$174$101$21
41 years$739$459$275$160$92$18
42 years$713$437$258$148$83$16
43 years$689$417$242$137$75$14
44 years$665$397$227$126$68$12
45 years$643$379$214$117$62$10
46 years$622$361$201$108$56$9
47 years$602$345$188$99$51$8
48 years$583$329$177$92$47$7
49 years$564$314$166$85$42$6
50 years$547$300$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $560,000, adding $2,331 every year, while hoping to spend $23,828 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: 66/25/9 Blend
56$560,000$560,000$560,000$560,000
57$619,524$589,844$581,164$659,138
58$657,363$593,394$575,281$689,334
59$698,263$596,319$568,401$719,275
60$742,510$598,563$560,467$751,375
61$790,421$600,068$551,418$785,845
62$842,343$600,770$541,189$822,914
63$898,657$600,602$529,714$862,835
64$959,781$599,494$516,921$905,889
65$1,026,179$597,369$502,738$952,384
66$1,098,357$594,148$487,087$1,002,662
67$1,176,874$589,745$469,889$1,057,099
68$1,262,344$584,071$451,059$1,116,111
69$1,355,442$577,030$430,509$1,180,155
70$1,456,913$568,521$408,147$1,249,738
71$1,567,576$558,436$383,877$1,325,419
72$1,688,331$546,661$357,599$1,407,813
73$1,820,170$533,077$329,208$1,497,601
74$1,964,185$517,556$298,595$1,595,533
75$2,121,578$499,962$265,644$1,702,438
76$2,293,672$480,153$230,236$1,819,228
77$2,481,924$457,978$192,246$1,946,914
78$2,687,938$433,277$151,544$2,086,607
79$2,913,481$405,880$107,993$2,239,536
80$3,160,497$375,609$61,452$2,407,054
81$3,431,128$342,275$11,772$2,590,658
82$3,727,735$305,678$0$2,791,995
83$4,052,914$265,606$0$3,016,846
84$4,409,527$221,836$0$3,264,721
85$4,800,726$174,134$0$3,536,719
86$5,229,982$122,249$0$3,835,300
87$5,701,119$65,918$0$4,163,175
88$6,218,349$4,864$0$4,523,335
89$6,786,312$0$0$4,919,077
90$7,410,118$0$0$5,370,876
91$8,095,398$0$0$5,868,707
92$8,848,354$0$0$6,415,741
93$9,675,819$0$0$7,016,947
94$10,585,321$0$0$7,677,802
95$11,585,153$0$0$8,404,334
96$12,684,452$0$0$9,203,190
97$13,893,284$0$0$10,081,691
98$15,222,740$0$0$11,047,901
99$16,685,040$0$0$12,110,707
100$18,293,646$0$0$13,279,902