Can I retire at age 57 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$47,153$46,733$46,323$45,923$45,532$44,815
2 years$23,343$22,908$22,487$22,078$21,682$20,961
3 years$15,407$14,971$14,550$14,146$13,756$13,054
4 years$11,440$11,005$10,589$10,191$9,811$9,133
5 years$9,061$8,628$8,218$7,828$7,458$6,807
6 years$7,475$7,046$6,641$6,260$5,901$5,277
7 years$6,343$5,917$5,519$5,147$4,799$4,202
8 years$5,494$5,072$4,680$4,317$3,982$3,412
9 years$4,834$4,416$4,031$3,677$3,353$2,810
10 years$4,306$3,892$3,514$3,170$2,857$2,340
11 years$3,875$3,465$3,094$2,759$2,457$1,966
12 years$3,516$3,110$2,746$2,420$2,129$1,664
13 years$3,212$2,811$2,453$2,136$1,857$1,416
14 years$2,952$2,555$2,204$1,896$1,628$1,210
15 years$2,727$2,334$1,990$1,691$1,433$1,039
16 years$2,530$2,141$1,804$1,514$1,267$895
17 years$2,356$1,972$1,642$1,361$1,123$773
18 years$2,202$1,822$1,499$1,226$999$669
19 years$2,064$1,689$1,372$1,108$890$580
20 years$1,941$1,569$1,259$1,004$795$504
21 years$1,829$1,462$1,158$911$711$439
22 years$1,727$1,365$1,068$828$638$382
23 years$1,635$1,276$986$754$572$333
24 years$1,550$1,196$912$688$515$291
25 years$1,472$1,122$844$628$463$254
26 years$1,400$1,055$783$574$417$222
27 years$1,334$993$727$526$376$194
28 years$1,273$935$676$482$339$170
29 years$1,216$882$629$442$306$149
30 years$1,162$833$586$405$277$131
31 years$1,113$788$546$372$250$115
32 years$1,066$745$510$342$226$100
33 years$1,023$706$476$315$205$88
34 years$982$669$445$290$185$77
35 years$943$635$416$267$168$68
36 years$907$602$389$245$152$59
37 years$873$572$364$226$138$52
38 years$840$544$341$208$125$46
39 years$810$517$319$192$113$40
40 years$781$492$299$177$103$35
41 years$753$468$281$164$93$31
42 years$727$446$263$151$85$27
43 years$702$425$247$139$77$24
44 years$678$405$232$129$70$21
45 years$656$386$218$119$63$18
46 years$634$368$205$110$58$16
47 years$614$352$192$101$52$14
48 years$594$336$181$94$47$13
49 years$575$320$170$87$43$11
50 years$557$306$160$80$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $571,000, adding $4,507 every year, while hoping to spend $45,812 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: 50/35/15 Blend
56$571,000$571,000$571,000$571,000
57$633,891$603,628$594,777$662,761
58$649,804$584,462$565,959$663,932
59$665,805$562,822$534,639$660,060
60$681,855$538,537$500,687$654,840
61$697,907$511,429$463,964$648,159
62$713,912$481,307$424,325$639,896
63$729,811$447,972$381,620$629,924
64$745,539$411,209$335,691$618,104
65$761,022$370,796$286,375$604,288
66$776,176$326,495$233,498$588,315
67$790,908$278,056$176,882$570,015
68$805,113$225,213$116,340$549,204
69$818,673$167,687$51,676$525,683
70$831,457$105,183$0$499,242
71$843,317$37,388$0$472,424
72$854,089$0$0$451,217
73$863,589$0$0$440,988
74$871,613$0$0$444,311
75$877,934$0$0$446,662
76$882,298$0$0$447,898
77$884,424$0$0$447,865
78$883,999$0$0$446,388
79$880,675$0$0$443,275
80$874,068$0$0$438,312
81$863,749$0$0$431,262
82$849,244$0$0$421,862
83$830,027$0$0$409,823
84$805,516$0$0$394,820
85$775,066$0$0$376,498
86$737,963$0$0$354,462
87$693,416$0$0$328,273
88$640,551$0$0$297,450
89$578,401$0$0$261,458
90$505,896$0$0$219,704
91$421,852$0$0$171,536
92$324,964$0$0$116,232
93$213,786$0$0$52,994
94$86,721$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