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%19.8%
1 years$46,575$46,160$45,755$45,360$44,974$43,207
2 years$23,057$22,627$22,211$21,808$21,416$19,657
3 years$15,218$14,787$14,372$13,972$13,587$11,892
4 years$11,300$10,870$10,459$10,066$9,691$8,072
5 years$8,950$8,522$8,117$7,732$7,367$5,829
6 years$7,383$6,959$6,560$6,183$5,829$4,373
7 years$6,265$5,844$5,451$5,084$4,741$3,366
8 years$5,426$5,010$4,623$4,265$3,933$2,638
9 years$4,775$4,362$3,982$3,632$3,312$2,095
10 years$4,253$3,845$3,471$3,131$2,822$1,681
11 years$3,827$3,423$3,056$2,725$2,427$1,359
12 years$3,473$3,072$2,712$2,390$2,103$1,105
13 years$3,173$2,776$2,423$2,110$1,834$903
14 years$2,916$2,524$2,177$1,873$1,608$741
15 years$2,693$2,305$1,966$1,671$1,416$610
16 years$2,499$2,115$1,782$1,496$1,251$503
17 years$2,327$1,948$1,622$1,344$1,109$416
18 years$2,175$1,800$1,480$1,211$986$344
19 years$2,039$1,668$1,355$1,094$879$286
20 years$1,917$1,550$1,244$991$785$237
21 years$1,806$1,444$1,144$900$703$197
22 years$1,706$1,348$1,054$818$630$164
23 years$1,615$1,261$974$745$565$136
24 years$1,531$1,181$900$679$508$113
25 years$1,454$1,108$834$620$457$95
26 years$1,383$1,042$773$567$412$79
27 years$1,318$980$718$519$371$66
28 years$1,257$924$668$476$335$55
29 years$1,201$871$621$436$303$46
30 years$1,148$823$579$400$273$38
31 years$1,099$778$540$368$247$32
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$11
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$3
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 $4,617 every year, while hoping to spend $34,715 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: 49/28/23 Blend
56$564,000$564,000$564,000$564,000
57$626,290$596,398$587,656$652,707
58$653,236$588,685$570,406$663,869
59$681,766$579,431$551,415$672,125
60$712,006$568,523$530,587$680,385
61$744,092$555,843$507,824$688,664
62$778,174$541,264$483,021$696,981
63$814,416$524,654$456,070$705,360
64$852,995$505,871$426,857$713,828
65$894,109$484,766$395,265$722,420
66$937,970$461,182$361,168$731,175
67$984,814$434,950$324,438$740,141
68$1,034,897$405,896$284,940$749,372
69$1,088,503$373,831$242,531$758,932
70$1,145,940$338,558$197,066$768,896
71$1,207,548$299,869$148,389$779,349
72$1,273,698$257,543$96,340$790,389
73$1,344,799$211,347$40,752$802,128
74$1,421,300$161,034$0$814,695
75$1,503,693$106,345$0$832,793
76$1,592,519$47,006$0$863,000
77$1,688,372$0$0$895,540
78$1,791,904$0$0$935,998
79$1,903,833$0$0$995,442
80$2,024,948$0$0$1,059,815
81$2,156,114$0$0$1,129,583
82$2,298,284$0$0$1,205,260
83$2,452,507$0$0$1,287,410
84$2,619,934$0$0$1,376,655
85$2,801,833$0$0$1,473,678
86$2,999,597$0$0$1,579,230
87$3,214,761$0$0$1,694,139
88$3,449,011$0$0$1,819,314
89$3,704,205$0$0$1,955,756
90$3,982,385$0$0$2,104,568
91$4,285,801$0$0$2,266,963
92$4,616,927$0$0$2,444,275
93$4,978,489$0$0$2,637,974
94$5,373,485$0$0$2,849,679
95$5,805,216$0$0$3,081,171
96$6,277,319$0$0$3,334,411
97$6,793,796$0$0$3,611,559
98$7,359,053$0$0$3,914,992
99$7,977,944$0$0$4,247,330
100$8,655,812$0$0$4,611,457