Can I retire at age 57 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$46,657$46,242$45,836$45,440$45,054$44,621
2 years$23,098$22,667$22,251$21,846$21,454$21,018
3 years$15,245$14,813$14,398$13,997$13,611$13,185
4 years$11,320$10,889$10,478$10,084$9,708$9,295
5 years$8,966$8,537$8,131$7,746$7,380$6,982
6 years$7,396$6,971$6,571$6,194$5,839$5,457
7 years$6,276$5,855$5,461$5,093$4,749$4,382
8 years$5,436$5,018$4,631$4,272$3,940$3,588
9 years$4,783$4,370$3,989$3,639$3,318$2,982
10 years$4,261$3,852$3,477$3,137$2,827$2,506
11 years$3,834$3,429$3,062$2,730$2,431$2,125
12 years$3,479$3,077$2,717$2,394$2,107$1,815
13 years$3,178$2,781$2,427$2,114$1,837$1,560
14 years$2,921$2,528$2,181$1,877$1,611$1,347
15 years$2,698$2,309$1,969$1,674$1,418$1,168
16 years$2,503$2,119$1,785$1,498$1,253$1,017
17 years$2,331$1,951$1,625$1,346$1,111$887
18 years$2,179$1,803$1,483$1,213$988$776
19 years$2,043$1,671$1,358$1,096$881$681
20 years$1,920$1,553$1,246$993$787$598
21 years$1,810$1,446$1,146$901$704$526
22 years$1,709$1,350$1,056$819$631$464
23 years$1,618$1,263$975$746$566$409
24 years$1,534$1,183$902$681$509$361
25 years$1,457$1,110$835$622$458$320
26 years$1,386$1,044$775$568$413$283
27 years$1,320$982$719$520$372$250
28 years$1,259$925$669$477$336$222
29 years$1,203$873$622$437$303$197
30 years$1,150$824$580$401$274$174
31 years$1,101$779$541$368$248$155
32 years$1,055$737$504$339$224$137
33 years$1,012$698$471$311$203$122
34 years$971$662$440$286$184$108
35 years$933$628$411$264$166$96
36 years$897$596$385$243$151$86
37 years$863$566$360$224$137$76
38 years$831$538$337$206$124$68
39 years$801$511$316$190$112$60
40 years$772$487$296$175$102$54
41 years$745$463$278$162$92$48
42 years$719$441$261$149$84$42
43 years$695$420$244$138$76$38
44 years$671$401$229$127$69$34
45 years$649$382$215$118$63$30
46 years$628$364$202$109$57$27
47 years$607$348$190$100$52$24
48 years$588$332$179$93$47$21
49 years$569$317$168$86$43$19
50 years$552$303$158$79$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $565,000, adding $2,660 every year, while hoping to spend $31,277 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: 55/35/10 Blend
56$565,000$565,000$565,000$565,000
57$625,374$595,429$586,671$658,073
58$655,883$591,326$573,046$676,410
59$688,457$585,975$557,917$692,704
60$723,271$579,279$541,199$709,702
61$760,522$571,141$522,805$727,476
62$800,421$561,453$502,646$746,107
63$843,203$550,103$480,624$765,685
64$889,125$536,973$456,640$786,313
65$938,469$521,938$430,590$808,104
66$991,543$504,863$402,365$831,186
67$1,048,687$485,608$371,851$855,700
68$1,110,274$464,023$338,929$881,807
69$1,176,713$439,952$303,474$909,684
70$1,248,455$413,227$265,357$939,528
71$1,325,993$383,671$224,443$971,560
72$1,409,872$351,098$180,589$1,006,028
73$1,500,687$315,311$133,648$1,043,205
74$1,599,097$276,101$83,465$1,083,396
75$1,705,823$233,248$29,879$1,126,943
76$1,821,659$186,519$0$1,174,224
77$1,947,478$135,668$0$1,228,573
78$2,084,242$80,436$0$1,291,136
79$2,233,005$20,549$0$1,359,262
80$2,394,932$0$0$1,433,548
81$2,571,302$0$0$1,531,715
82$2,763,522$0$0$1,647,377
83$2,973,142$0$0$1,773,558
84$3,201,867$0$0$1,911,292
85$3,451,574$0$0$2,061,714
86$3,724,329$0$0$2,226,077
87$4,022,407$0$0$2,405,759
88$4,348,312$0$0$2,602,275
89$4,704,802$0$0$2,817,296
90$5,094,912$0$0$3,052,662
91$5,521,985$0$0$3,310,397
92$5,989,703$0$0$3,592,731
93$6,502,118$0$0$3,902,121
94$7,063,696$0$0$4,241,271
95$7,679,354$0$0$4,613,160
96$8,354,506$0$0$5,021,069
97$9,095,117$0$0$5,468,611
98$9,907,757$0$0$5,959,768
99$10,799,661$0$0$6,498,924
100$11,778,801$0$0$7,090,908