Can I retire at age 57 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$46,492$46,078$45,674$45,279$44,894$43,147
2 years$23,016$22,587$22,172$21,769$21,378$19,639
3 years$15,191$14,761$14,347$13,948$13,563$11,887
4 years$11,280$10,851$10,441$10,048$9,673$8,073
5 years$8,934$8,507$8,102$7,718$7,354$5,832
6 years$7,370$6,947$6,548$6,172$5,819$4,378
7 years$6,254$5,834$5,441$5,075$4,732$3,372
8 years$5,417$5,001$4,615$4,257$3,926$2,644
9 years$4,766$4,354$3,975$3,626$3,306$2,101
10 years$4,246$3,838$3,465$3,126$2,817$1,687
11 years$3,821$3,417$3,051$2,720$2,423$1,365
12 years$3,466$3,067$2,707$2,386$2,099$1,111
13 years$3,167$2,771$2,419$2,106$1,831$908
14 years$2,910$2,519$2,173$1,870$1,605$746
15 years$2,688$2,301$1,962$1,668$1,413$614
16 years$2,494$2,111$1,779$1,493$1,249$507
17 years$2,323$1,944$1,619$1,342$1,107$420
18 years$2,171$1,797$1,478$1,209$985$348
19 years$2,036$1,665$1,353$1,092$878$288
20 years$1,913$1,547$1,242$989$784$240
21 years$1,803$1,441$1,142$898$701$199
22 years$1,703$1,345$1,053$816$629$166
23 years$1,612$1,258$972$744$564$138
24 years$1,528$1,179$899$678$507$115
25 years$1,452$1,106$832$619$456$96
26 years$1,381$1,040$772$566$411$80
27 years$1,315$979$717$518$371$67
28 years$1,255$922$666$475$335$56
29 years$1,198$870$620$436$302$46
30 years$1,146$822$578$400$273$39
31 years$1,097$777$539$367$247$32
32 years$1,051$735$503$337$223$27
33 years$1,008$696$469$310$202$23
34 years$968$660$438$285$183$19
35 years$930$626$410$263$166$16
36 years$894$594$383$242$150$13
37 years$860$564$359$223$136$11
38 years$829$536$336$206$123$9
39 years$798$510$315$190$112$8
40 years$770$485$295$175$101$6
41 years$743$462$277$161$92$5
42 years$717$440$260$149$84$4
43 years$692$419$244$137$76$4
44 years$669$399$229$127$69$3
45 years$647$381$215$117$62$3
46 years$625$363$202$108$57$2
47 years$605$347$189$100$51$2
48 years$586$331$178$92$47$2
49 years$567$316$167$85$42$1
50 years$550$302$157$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $563,000, adding $6,447 every year, while hoping to spend $23,229 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: 43/43/14 Blend
56$563,000$563,000$563,000$563,000
57$627,076$597,237$588,511$651,231
58$666,322$601,786$583,510$673,340
59$708,793$605,780$577,564$694,460
60$754,793$609,166$570,615$716,836
61$804,657$611,890$562,605$740,591
62$858,752$613,892$553,473$765,866
63$917,483$615,112$543,153$792,815
64$981,296$615,482$531,578$821,609
65$1,050,680$614,932$518,678$852,438
66$1,126,174$613,389$504,378$885,514
67$1,208,370$610,771$488,601$921,069
68$1,297,922$606,997$471,267$959,365
69$1,395,546$601,975$452,290$1,000,689
70$1,502,032$595,613$431,583$1,045,358
71$1,618,251$587,809$409,052$1,093,728
72$1,745,158$578,458$384,602$1,146,190
73$1,883,809$567,447$358,130$1,203,178
74$2,035,362$554,657$329,532$1,265,172
75$2,201,095$539,961$298,697$1,332,705
76$2,382,413$523,226$265,511$1,406,366
77$2,580,866$504,310$229,852$1,486,807
78$2,798,157$483,064$191,594$1,574,752
79$3,036,164$459,329$150,608$1,670,998
80$3,296,955$432,938$106,755$1,776,431
81$3,582,806$403,714$59,893$1,892,029
82$3,896,225$371,468$9,872$2,018,874
83$4,239,973$336,004$0$2,158,163
84$4,617,094$297,112$0$2,317,719
85$5,030,938$254,570$0$2,494,502
86$5,485,194$208,145$0$2,688,681
87$5,983,930$157,590$0$2,902,068
88$6,531,623$102,644$0$3,136,670
89$7,133,206$43,031$0$3,394,698
90$7,794,115$0$0$3,678,598
91$8,520,336$0$0$4,001,259
92$9,318,465$0$0$4,378,321
93$10,195,768$0$0$4,792,864
94$11,160,252$0$0$5,248,681
95$12,220,734$0$0$5,749,950
96$13,386,934$0$0$6,301,275
97$14,669,555$0$0$6,907,727
98$16,080,395$0$0$7,574,895
99$17,632,448$0$0$8,308,934
100$19,340,034$0$0$9,116,630