Can I retire at age 57 with 569,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$46,987$46,569$46,161$45,762$45,373$44,222
2 years$23,261$22,828$22,408$22,001$21,606$20,454
3 years$15,353$14,918$14,499$14,096$13,708$12,591
4 years$11,400$10,967$10,552$10,156$9,777$8,703
5 years$9,029$8,598$8,189$7,800$7,432$6,405
6 years$7,449$7,021$6,618$6,238$5,881$4,901
7 years$6,320$5,896$5,499$5,129$4,783$3,851
8 years$5,475$5,054$4,664$4,302$3,968$3,083
9 years$4,817$4,400$4,017$3,665$3,341$2,503
10 years$4,291$3,879$3,502$3,159$2,847$2,054
11 years$3,861$3,453$3,083$2,749$2,448$1,700
12 years$3,503$3,099$2,736$2,411$2,122$1,416
13 years$3,201$2,801$2,445$2,129$1,850$1,186
14 years$2,942$2,546$2,197$1,890$1,622$997
15 years$2,717$2,326$1,983$1,685$1,428$842
16 years$2,521$2,134$1,798$1,509$1,262$713
17 years$2,348$1,965$1,636$1,356$1,119$605
18 years$2,194$1,816$1,494$1,222$995$515
19 years$2,057$1,683$1,367$1,104$887$439
20 years$1,934$1,564$1,255$1,000$792$374
21 years$1,822$1,457$1,154$908$709$320
22 years$1,721$1,360$1,064$825$635$273
23 years$1,629$1,272$982$752$570$234
24 years$1,545$1,192$908$685$513$201
25 years$1,467$1,118$841$626$461$172
26 years$1,395$1,051$780$572$416$147
27 years$1,329$989$725$524$375$127
28 years$1,268$932$674$480$338$109
29 years$1,211$879$627$440$305$93
30 years$1,158$830$584$404$276$80
31 years$1,109$785$544$371$249$69
32 years$1,062$743$508$341$226$59
33 years$1,019$703$474$314$204$51
34 years$978$667$443$288$185$44
35 years$940$632$414$266$167$38
36 years$904$600$388$245$152$32
37 years$870$570$363$225$137$28
38 years$837$542$340$208$125$24
39 years$807$515$318$192$113$21
40 years$778$490$298$177$103$18
41 years$750$466$280$163$93$15
42 years$724$444$262$150$84$13
43 years$700$423$246$139$77$11
44 years$676$403$231$128$70$10
45 years$654$385$217$118$63$8
46 years$632$367$204$109$57$7
47 years$612$350$191$101$52$6
48 years$592$334$180$93$47$5
49 years$573$319$169$86$43$5
50 years$556$305$159$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $569,000, adding $3,409 every year, while hoping to spend $33,827 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: 29/49/22 Blend
56$569,000$569,000$569,000$569,000
57$630,554$600,397$591,578$644,416
58$658,879$593,825$575,404$648,820
59$688,960$585,797$557,555$650,318
60$720,939$576,206$537,938$651,219
61$754,973$564,939$516,458$651,494
62$791,235$551,876$493,014$651,113
63$829,912$536,889$467,501$650,047
64$871,210$519,844$439,809$648,268
65$915,355$500,598$409,824$645,749
66$962,594$479,000$377,426$642,464
67$1,013,199$454,891$342,490$638,389
68$1,067,466$428,102$304,885$633,503
69$1,125,723$398,454$264,473$627,787
70$1,188,328$365,759$221,114$621,227
71$1,255,673$329,816$174,657$613,812
72$1,328,190$290,416$124,947$605,536
73$1,406,354$247,335$71,821$596,399
74$1,490,685$200,338$15,110$586,408
75$1,581,757$149,176$0$575,579
76$1,680,196$93,586$0$574,594
77$1,786,695$33,290$0$577,307
78$1,902,013$0$0$580,259
79$2,026,986$0$0$600,813
80$2,162,531$0$0$642,651
81$2,309,659$0$0$688,144
82$2,469,480$0$0$737,645
83$2,643,216$0$0$791,544
84$2,832,212$0$0$850,268
85$3,037,946$0$0$914,289
86$3,262,045$0$0$984,124
87$3,506,301$0$0$1,060,345
88$3,772,684$0$0$1,143,579
89$4,063,363$0$0$1,234,519
90$4,380,727$0$0$1,333,924
91$4,727,403$0$0$1,442,634
92$5,106,285$0$0$1,561,570
93$5,520,558$0$0$1,691,749
94$5,973,730$0$0$1,834,290
95$6,469,664$0$0$1,990,424
96$7,012,611$0$0$2,161,509
97$7,607,254$0$0$2,349,038
98$8,258,751$0$0$2,554,658
99$8,972,780$0$0$2,780,180
100$9,755,597$0$0$3,027,602