Can I retire at age 57 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$46,327$45,914$45,512$45,119$44,735$44,194
2 years$22,934$22,507$22,093$21,692$21,302$20,758
3 years$15,138$14,709$14,296$13,898$13,515$12,984
4 years$11,240$10,812$10,404$10,013$9,639$9,126
5 years$8,902$8,477$8,074$7,691$7,327$6,833
6 years$7,344$6,922$6,525$6,150$5,798$5,324
7 years$6,232$5,813$5,422$5,057$4,715$4,261
8 years$5,398$4,983$4,598$4,242$3,912$3,477
9 years$4,749$4,339$3,961$3,613$3,294$2,879
10 years$4,231$3,824$3,453$3,115$2,807$2,411
11 years$3,807$3,404$3,040$2,711$2,414$2,037
12 years$3,454$3,056$2,698$2,378$2,092$1,734
13 years$3,156$2,761$2,410$2,099$1,824$1,484
14 years$2,900$2,510$2,166$1,863$1,599$1,276
15 years$2,679$2,293$1,955$1,662$1,408$1,102
16 years$2,485$2,104$1,773$1,488$1,244$955
17 years$2,315$1,938$1,613$1,337$1,103$830
18 years$2,164$1,790$1,473$1,205$981$723
19 years$2,028$1,659$1,348$1,089$874$632
20 years$1,907$1,542$1,237$986$781$552
21 years$1,797$1,436$1,138$895$699$484
22 years$1,697$1,341$1,049$814$627$425
23 years$1,606$1,254$968$741$562$373
24 years$1,523$1,175$896$676$505$328
25 years$1,446$1,102$830$617$455$288
26 years$1,376$1,036$769$564$410$254
27 years$1,311$975$714$517$369$224
28 years$1,250$919$664$473$333$197
29 years$1,194$867$618$434$301$174
30 years$1,142$819$576$398$272$154
31 years$1,093$774$537$366$246$136
32 years$1,047$732$501$336$222$120
33 years$1,005$693$468$309$201$106
34 years$964$657$437$284$182$94
35 years$927$623$408$262$165$83
36 years$891$592$382$241$150$73
37 years$857$562$358$222$136$65
38 years$826$534$335$205$123$57
39 years$795$508$314$189$111$51
40 years$767$483$294$174$101$45
41 years$740$460$276$161$92$40
42 years$714$438$259$148$83$35
43 years$690$417$243$137$76$31
44 years$667$398$228$126$69$28
45 years$644$379$214$117$62$24
46 years$623$362$201$108$56$22
47 years$603$345$189$100$51$19
48 years$584$330$177$92$47$17
49 years$565$315$167$85$42$15
50 years$548$301$157$79$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $561,000, adding $4,096 every year, while hoping to spend $24,338 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: 44/46/10 Blend
56$561,000$561,000$561,000$561,000
57$622,447$592,714$584,019$647,880
58$660,041$595,862$577,688$669,104
59$700,654$598,348$570,329$689,294
60$744,568$600,114$561,883$710,626
61$792,094$601,099$552,285$733,215
62$843,572$601,237$541,471$757,188
63$899,377$600,459$529,371$782,686
64$959,922$598,690$515,913$809,866
65$1,025,660$595,851$501,022$838,902
66$1,097,089$591,860$484,619$869,987
67$1,174,759$586,628$466,620$903,337
68$1,259,273$580,062$446,941$939,190
69$1,351,295$572,061$425,490$977,810
70$1,451,556$562,521$402,172$1,019,493
71$1,560,860$551,330$376,890$1,064,563
72$1,680,093$538,369$349,541$1,113,382
73$1,810,227$523,515$320,016$1,166,352
74$1,952,337$506,634$288,203$1,223,916
75$2,107,602$487,585$253,984$1,286,568
76$2,277,322$466,222$217,238$1,354,853
77$2,462,928$442,386$177,834$1,429,376
78$2,665,996$415,911$135,640$1,510,808
79$2,888,259$386,623$90,516$1,599,890
80$3,131,629$354,335$42,316$1,697,444
81$3,398,209$318,851$0$1,804,380
82$3,690,315$279,964$0$1,922,678
83$4,010,499$237,454$0$2,057,360
84$4,361,571$191,089$0$2,205,157
85$4,746,624$140,626$0$2,367,452
86$5,169,069$85,806$0$2,545,773
87$5,632,660$26,356$0$2,741,808
88$6,141,531$0$0$2,957,424
89$6,700,239$0$0$3,213,924
90$7,313,802$0$0$3,510,329
91$7,987,747$0$0$3,835,978
92$8,728,165$0$0$4,193,823
93$9,541,764$0$0$4,587,114
94$10,435,935$0$0$5,019,436
95$11,418,820$0$0$5,494,734
96$12,499,390$0$0$6,017,357
97$13,687,527$0$0$6,592,095
98$14,994,120$0$0$7,224,228
99$16,431,165$0$0$7,919,569
100$18,011,879$0$0$8,684,527