Can I retire at age 57 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$46,905$46,487$46,079$45,682$45,293$44,488
2 years$23,220$22,788$22,369$21,962$21,568$20,760
3 years$15,326$14,892$14,474$14,071$13,684$12,897
4 years$11,380$10,947$10,533$10,138$9,759$9,001
5 years$9,013$8,583$8,174$7,787$7,419$6,690
6 years$7,436$7,008$6,606$6,227$5,870$5,173
7 years$6,309$5,886$5,490$5,120$4,774$4,108
8 years$5,465$5,045$4,656$4,295$3,961$3,325
9 years$4,808$4,393$4,010$3,658$3,335$2,731
10 years$4,284$3,872$3,496$3,153$2,842$2,267
11 years$3,855$3,447$3,078$2,744$2,444$1,899
12 years$3,497$3,094$2,731$2,407$2,118$1,602
13 years$3,195$2,796$2,440$2,125$1,847$1,358
14 years$2,936$2,541$2,193$1,887$1,619$1,158
15 years$2,712$2,322$1,980$1,682$1,426$990
16 years$2,516$2,130$1,795$1,506$1,260$850
17 years$2,344$1,962$1,633$1,354$1,117$731
18 years$2,191$1,813$1,491$1,220$993$631
19 years$2,054$1,680$1,365$1,102$885$545
20 years$1,930$1,561$1,253$998$791$472
21 years$1,819$1,454$1,152$906$708$409
22 years$1,718$1,357$1,062$824$634$355
23 years$1,626$1,270$981$750$569$308
24 years$1,542$1,189$907$684$512$268
25 years$1,464$1,116$840$625$461$233
26 years$1,393$1,049$779$571$415$203
27 years$1,327$987$723$523$374$177
28 years$1,266$930$672$479$337$154
29 years$1,209$878$626$439$305$135
30 years$1,156$829$583$403$275$118
31 years$1,107$784$543$370$249$103
32 years$1,061$741$507$340$225$90
33 years$1,017$702$473$313$204$78
34 years$976$665$442$288$185$68
35 years$938$631$414$265$167$60
36 years$902$599$387$244$151$52
37 years$868$569$362$225$137$46
38 years$836$541$339$207$124$40
39 years$805$514$318$191$113$35
40 years$777$489$298$176$102$30
41 years$749$466$279$163$93$27
42 years$723$443$262$150$84$23
43 years$698$423$246$139$76$20
44 years$675$403$231$128$69$18
45 years$652$384$217$118$63$16
46 years$631$366$203$109$57$14
47 years$611$350$191$101$52$12
48 years$591$334$180$93$47$10
49 years$572$319$169$86$43$9
50 years$555$304$159$80$39$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $568,000, adding $6,956 every year, while hoping to spend $46,929 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: 67/16/17 Blend
56$568,000$568,000$568,000$568,000
57$633,111$603,007$594,203$672,471
58$647,756$582,622$564,177$679,263
59$662,323$559,666$531,572$680,565
60$676,752$533,962$496,252$680,832
61$690,980$505,325$458,076$679,960
62$704,933$473,559$416,894$677,837
63$718,528$438,456$372,552$674,338
64$731,674$399,796$324,888$669,331
65$744,265$357,347$273,733$662,671
66$756,187$310,864$218,910$654,200
67$767,310$260,087$160,235$643,745
68$777,487$204,743$97,514$631,121
69$786,558$144,543$30,548$616,124
70$794,341$79,180$0$598,533
71$800,636$8,332$0$585,530
72$805,220$0$0$575,824
73$807,843$0$0$575,659
74$808,229$0$0$575,288
75$806,071$0$0$573,019
76$801,028$0$0$568,598
77$792,722$0$0$561,746
78$780,734$0$0$552,153
79$764,598$0$0$539,474
80$743,799$0$0$523,328
81$717,767$0$0$503,293
82$685,870$0$0$478,902
83$647,408$0$0$449,638
84$601,609$0$0$414,929
85$547,614$0$0$374,141
86$484,479$0$0$326,575
87$411,155$0$0$271,456
88$326,486$0$0$207,930
89$229,193$0$0$135,051
90$117,862$0$0$51,775
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0