Can I retire at age 57 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$46,822$46,405$45,998$45,601$45,213$43,872
2 years$23,179$22,748$22,329$21,924$21,530$20,189
3 years$15,299$14,866$14,449$14,047$13,660$12,362
4 years$11,360$10,928$10,515$10,120$9,742$8,497
5 years$8,997$8,568$8,160$7,773$7,406$6,218
6 years$7,423$6,996$6,594$6,216$5,860$4,729
7 years$6,298$5,875$5,480$5,111$4,766$3,692
8 years$5,455$5,036$4,647$4,287$3,954$2,937
9 years$4,800$4,385$4,003$3,652$3,330$2,369
10 years$4,276$3,865$3,490$3,148$2,837$1,930
11 years$3,848$3,441$3,072$2,740$2,440$1,586
12 years$3,491$3,088$2,727$2,403$2,114$1,312
13 years$3,189$2,791$2,436$2,121$1,844$1,091
14 years$2,931$2,537$2,189$1,883$1,616$910
15 years$2,708$2,318$1,976$1,679$1,423$763
16 years$2,512$2,126$1,792$1,504$1,258$641
17 years$2,340$1,958$1,630$1,351$1,115$539
18 years$2,187$1,809$1,488$1,218$992$455
19 years$2,050$1,677$1,363$1,100$884$385
20 years$1,927$1,558$1,250$996$789$325
21 years$1,816$1,452$1,150$904$706$276
22 years$1,715$1,355$1,060$822$633$234
23 years$1,623$1,267$979$749$568$198
24 years$1,539$1,187$905$683$511$169
25 years$1,462$1,114$838$624$460$143
26 years$1,391$1,047$778$570$414$122
27 years$1,325$986$722$522$373$104
28 years$1,264$929$671$478$337$88
29 years$1,207$876$625$439$304$75
30 years$1,154$827$582$403$275$64
31 years$1,105$782$542$370$249$54
32 years$1,059$740$506$340$225$46
33 years$1,015$701$473$312$203$39
34 years$975$664$442$287$184$34
35 years$937$630$413$265$167$29
36 years$901$598$386$244$151$24
37 years$867$568$361$225$137$21
38 years$834$540$338$207$124$18
39 years$804$513$317$191$113$15
40 years$775$488$297$176$102$13
41 years$748$465$279$162$93$11
42 years$722$443$261$150$84$9
43 years$697$422$245$138$76$8
44 years$674$402$230$128$69$7
45 years$651$383$216$118$63$6
46 years$630$366$203$109$57$5
47 years$610$349$191$101$52$4
48 years$590$333$179$93$47$4
49 years$571$318$169$86$43$3
50 years$554$304$158$79$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $567,000, adding $5,670 every year, while hoping to spend $38,414 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: 61/15/24 Blend
56$567,000$567,000$567,000$567,000
57$630,683$600,632$591,843$664,814
58$654,140$589,190$570,798$677,188
59$678,703$575,901$547,760$685,994
60$704,443$560,632$522,622$694,762
61$731,438$543,246$495,272$703,496
62$759,774$523,594$465,593$712,200
63$789,543$501,522$433,463$720,881
64$820,845$476,865$398,752$729,551
65$853,789$449,450$361,328$738,220
66$888,493$419,091$321,050$746,906
67$925,088$385,594$277,774$755,628
68$963,713$348,754$231,345$764,412
69$1,004,522$308,353$181,605$773,286
70$1,047,682$264,162$128,389$782,287
71$1,093,377$215,938$71,521$791,455
72$1,141,807$163,423$10,822$800,841
73$1,193,188$106,348$0$810,501
74$1,247,760$44,426$0$834,318
75$1,305,784$0$0$862,409
76$1,367,545$0$0$895,878
77$1,433,356$0$0$939,380
78$1,503,558$0$0$985,811
79$1,578,528$0$0$1,035,422
80$1,658,674$0$0$1,088,489
81$1,744,448$0$0$1,145,313
82$1,836,344$0$0$1,206,226
83$1,934,903$0$0$1,271,591
84$2,040,720$0$0$1,341,807
85$2,154,446$0$0$1,417,310
86$2,276,798$0$0$1,498,583
87$2,408,562$0$0$1,586,151
88$2,550,600$0$0$1,680,595
89$2,703,862$0$0$1,782,551
90$2,869,390$0$0$1,892,718
91$3,048,328$0$0$2,011,865
92$3,241,934$0$0$2,140,837
93$3,451,593$0$0$2,280,563
94$3,678,826$0$0$2,432,063
95$3,925,303$0$0$2,596,462
96$4,192,866$0$0$2,774,993
97$4,483,536$0$0$2,969,016
98$4,799,538$0$0$3,180,024
99$5,143,322$0$0$3,409,663
100$5,517,579$0$0$3,659,742