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%
1 years$46,905$46,487$46,079$45,682$45,293$44,543
2 years$23,220$22,788$22,369$21,962$21,568$20,814
3 years$15,326$14,892$14,474$14,071$13,684$12,950
4 years$11,380$10,947$10,533$10,138$9,759$9,051
5 years$9,013$8,583$8,174$7,787$7,419$6,739
6 years$7,436$7,008$6,606$6,227$5,870$5,219
7 years$6,309$5,886$5,490$5,120$4,774$4,151
8 years$5,465$5,045$4,656$4,295$3,961$3,366
9 years$4,808$4,393$4,010$3,658$3,335$2,769
10 years$4,284$3,872$3,496$3,153$2,842$2,303
11 years$3,855$3,447$3,078$2,744$2,444$1,933
12 years$3,497$3,094$2,731$2,407$2,118$1,633
13 years$3,195$2,796$2,440$2,125$1,847$1,388
14 years$2,936$2,541$2,193$1,887$1,619$1,185
15 years$2,712$2,322$1,980$1,682$1,426$1,016
16 years$2,516$2,130$1,795$1,506$1,260$874
17 years$2,344$1,962$1,633$1,354$1,117$753
18 years$2,191$1,813$1,491$1,220$993$651
19 years$2,054$1,680$1,365$1,102$885$564
20 years$1,930$1,561$1,253$998$791$489
21 years$1,819$1,454$1,152$906$708$425
22 years$1,718$1,357$1,062$824$634$370
23 years$1,626$1,270$981$750$569$322
24 years$1,542$1,189$907$684$512$281
25 years$1,464$1,116$840$625$461$245
26 years$1,393$1,049$779$571$415$214
27 years$1,327$987$723$523$374$187
28 years$1,266$930$672$479$337$163
29 years$1,209$878$626$439$305$143
30 years$1,156$829$583$403$275$125
31 years$1,107$784$543$370$249$109
32 years$1,061$741$507$340$225$96
33 years$1,017$702$473$313$204$84
34 years$976$665$442$288$185$73
35 years$938$631$414$265$167$64
36 years$902$599$387$244$151$56
37 years$868$569$362$225$137$49
38 years$836$541$339$207$124$43
39 years$805$514$318$191$113$38
40 years$777$489$298$176$102$33
41 years$749$466$279$163$93$29
42 years$723$443$262$150$84$26
43 years$698$423$246$139$76$22
44 years$675$403$231$128$69$20
45 years$652$384$217$118$63$17
46 years$631$366$203$109$57$15
47 years$611$350$191$101$52$13
48 years$591$334$180$93$47$12
49 years$572$319$169$86$43$10
50 years$555$304$159$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $568,000, adding $6,357 every year, while hoping to spend $33,551 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: 66/12/22 Blend
56$568,000$568,000$568,000$568,000
57$632,493$602,389$593,585$670,289
58$661,310$596,208$577,772$690,279
59$691,941$588,600$560,305$707,719
60$724,536$579,459$541,093$726,001
61$759,260$568,674$520,041$745,208
62$796,292$556,126$497,049$765,434
63$835,827$541,690$472,014$786,782
64$878,083$525,234$444,828$809,368
65$923,293$506,616$415,376$833,320
66$971,719$485,690$383,540$858,781
67$1,023,642$462,297$349,197$885,909
68$1,079,375$436,271$312,217$914,880
69$1,139,260$407,437$272,464$945,890
70$1,203,671$375,608$229,798$979,158
71$1,273,020$340,587$184,072$1,014,923
72$1,347,761$302,168$135,130$1,053,455
73$1,428,388$260,131$82,813$1,095,050
74$1,515,450$214,243$26,953$1,140,038
75$1,609,544$164,260$0$1,188,786
76$1,711,332$109,922$0$1,249,364
77$1,821,536$50,957$0$1,321,807
78$1,940,954$0$0$1,400,323
79$2,070,461$0$0$1,487,218
80$2,211,022$0$0$1,588,862
81$2,363,695$0$0$1,699,298
82$2,529,646$0$0$1,819,371
83$2,710,157$0$0$1,950,015
84$2,906,638$0$0$2,092,254
85$3,120,642$0$0$2,247,217
86$3,353,876$0$0$2,416,144
87$3,608,221$0$0$2,600,403
88$3,885,744$0$0$2,801,498
89$4,188,724$0$0$3,021,084
90$4,519,667$0$0$3,260,983
91$4,881,332$0$0$3,523,202
92$5,276,757$0$0$3,809,949
93$5,709,288$0$0$4,123,658
94$6,182,608$0$0$4,467,005
95$6,700,772$0$0$4,842,939
96$7,268,246$0$0$5,254,709
97$7,889,949$0$0$5,705,889
98$8,571,296$0$0$6,200,419
99$9,318,252$0$0$6,742,635
100$10,137,388$0$0$7,337,315