Can I retire at age 57 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$46,575$46,160$45,755$45,360$44,974$43,190
2 years$23,057$22,627$22,211$21,808$21,416$19,641
3 years$15,218$14,787$14,372$13,972$13,587$11,876
4 years$11,300$10,870$10,459$10,066$9,691$8,057
5 years$8,950$8,522$8,117$7,732$7,367$5,815
6 years$7,383$6,959$6,560$6,183$5,829$4,360
7 years$6,265$5,844$5,451$5,084$4,741$3,354
8 years$5,426$5,010$4,623$4,265$3,933$2,627
9 years$4,775$4,362$3,982$3,632$3,312$2,085
10 years$4,253$3,845$3,471$3,131$2,822$1,672
11 years$3,827$3,423$3,056$2,725$2,427$1,351
12 years$3,473$3,072$2,712$2,390$2,103$1,098
13 years$3,173$2,776$2,423$2,110$1,834$897
14 years$2,916$2,524$2,177$1,873$1,608$735
15 years$2,693$2,305$1,966$1,671$1,416$605
16 years$2,499$2,115$1,782$1,496$1,251$498
17 years$2,327$1,948$1,622$1,344$1,109$412
18 years$2,175$1,800$1,480$1,211$986$341
19 years$2,039$1,668$1,355$1,094$879$282
20 years$1,917$1,550$1,244$991$785$234
21 years$1,806$1,444$1,144$900$703$194
22 years$1,706$1,348$1,054$818$630$162
23 years$1,615$1,261$974$745$565$134
24 years$1,531$1,181$900$679$508$112
25 years$1,454$1,108$834$620$457$93
26 years$1,383$1,042$773$567$412$77
27 years$1,318$980$718$519$371$64
28 years$1,257$924$668$476$335$54
29 years$1,201$871$621$436$303$45
30 years$1,148$823$579$400$273$37
31 years$1,099$778$540$368$247$31
32 years$1,053$736$503$338$224$26
33 years$1,010$697$470$311$202$22
34 years$970$661$439$286$183$18
35 years$932$627$411$263$166$15
36 years$896$595$384$242$150$13
37 years$862$565$360$223$136$10
38 years$830$537$337$206$124$9
39 years$800$511$315$190$112$7
40 years$771$486$296$175$102$6
41 years$744$462$277$162$92$5
42 years$718$440$260$149$84$4
43 years$693$420$244$138$76$4
44 years$670$400$229$127$69$3
45 years$648$381$215$117$63$2
46 years$627$364$202$108$57$2
47 years$606$347$190$100$52$2
48 years$587$331$178$93$47$1
49 years$568$317$168$86$43$1
50 years$551$302$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $564,000, adding $4,577 every year, while hoping to spend $44,758 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: 67/5/28 Blend
56$564,000$564,000$564,000$564,000
57$626,249$596,357$587,615$663,329
58$642,504$577,957$559,678$670,478
59$658,918$557,154$529,305$672,836
60$675,458$533,785$496,367$674,415
61$692,089$507,675$460,730$675,140
62$708,770$478,639$422,252$674,931
63$725,454$446,482$380,787$673,700
64$742,088$410,997$336,182$671,353
65$758,612$371,967$288,275$667,788
66$774,958$329,161$236,899$662,894
67$791,048$282,335$181,880$656,550
68$806,797$231,231$123,035$648,628
69$822,106$175,577$60,172$638,985
70$836,867$115,086$0$627,469
71$850,957$49,455$0$615,979
72$864,239$0$0$621,587
73$876,560$0$0$627,357
74$887,749$0$0$634,994
75$897,616$0$0$641,634
76$905,948$0$0$647,121
77$912,507$0$0$651,278
78$917,032$0$0$653,911
79$919,229$0$0$654,803
80$918,773$0$0$653,714
81$915,302$0$0$650,375
82$908,416$0$0$644,489
83$897,670$0$0$635,729
84$882,570$0$0$623,728
85$862,571$0$0$608,082
86$837,066$0$0$588,344
87$805,384$0$0$564,017
88$766,783$0$0$534,552
89$720,442$0$0$499,341
90$665,450$0$0$457,711
91$600,803$0$0$408,920
92$525,386$0$0$352,145
93$437,971$0$0$286,477
94$337,198$0$0$210,910
95$221,565$0$0$124,334
96$89,412$0$0$25,523
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0