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%16%
1 years$47,153$46,733$46,323$45,923$45,532$44,414
2 years$23,343$22,908$22,487$22,078$21,682$20,562
3 years$15,407$14,971$14,550$14,146$13,756$12,669
4 years$11,440$11,005$10,589$10,191$9,811$8,766
5 years$9,061$8,628$8,218$7,828$7,458$6,458
6 years$7,475$7,046$6,641$6,260$5,901$4,947
7 years$6,343$5,917$5,519$5,147$4,799$3,891
8 years$5,494$5,072$4,680$4,317$3,982$3,119
9 years$4,834$4,416$4,031$3,677$3,353$2,535
10 years$4,306$3,892$3,514$3,170$2,857$2,083
11 years$3,875$3,465$3,094$2,759$2,457$1,726
12 years$3,516$3,110$2,746$2,420$2,129$1,440
13 years$3,212$2,811$2,453$2,136$1,857$1,207
14 years$2,952$2,555$2,204$1,896$1,628$1,017
15 years$2,727$2,334$1,990$1,691$1,433$860
16 years$2,530$2,141$1,804$1,514$1,267$729
17 years$2,356$1,972$1,642$1,361$1,123$620
18 years$2,202$1,822$1,499$1,226$999$528
19 years$2,064$1,689$1,372$1,108$890$450
20 years$1,941$1,569$1,259$1,004$795$385
21 years$1,829$1,462$1,158$911$711$329
22 years$1,727$1,365$1,068$828$638$282
23 years$1,635$1,276$986$754$572$242
24 years$1,550$1,196$912$688$515$208
25 years$1,472$1,122$844$628$463$178
26 years$1,400$1,055$783$574$417$153
27 years$1,334$993$727$526$376$132
28 years$1,273$935$676$482$339$113
29 years$1,216$882$629$442$306$97
30 years$1,162$833$586$405$277$84
31 years$1,113$788$546$372$250$72
32 years$1,066$745$510$342$226$62
33 years$1,023$706$476$315$205$53
34 years$982$669$445$290$185$46
35 years$943$635$416$267$168$40
36 years$907$602$389$245$152$34
37 years$873$572$364$226$138$29
38 years$840$544$341$208$125$25
39 years$810$517$319$192$113$22
40 years$781$492$299$177$103$19
41 years$753$468$281$164$93$16
42 years$727$446$263$151$85$14
43 years$702$425$247$139$77$12
44 years$678$405$232$129$70$10
45 years$656$386$218$119$63$9
46 years$634$368$205$110$58$8
47 years$614$352$192$101$52$7
48 years$594$336$181$94$47$6
49 years$575$320$170$87$43$5
50 years$557$306$160$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $571,000, adding $5,302 every year, while hoping to spend $30,881 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: 45/30/25 Blend
56$571,000$571,000$571,000$571,000
57$634,711$604,448$595,598$658,483
58$666,594$601,209$582,693$672,584
59$700,695$596,776$568,321$684,458
60$737,206$591,058$552,400$696,724
61$776,340$583,959$534,844$709,437
62$818,330$575,376$515,565$722,655
63$863,431$565,201$494,468$736,449
64$911,924$553,319$471,455$750,894
65$964,116$539,607$446,425$766,080
66$1,020,346$523,938$419,270$782,106
67$1,080,985$506,175$389,880$799,085
68$1,146,441$486,173$358,136$817,142
69$1,217,162$463,779$323,918$836,422
70$1,293,641$438,833$287,097$857,084
71$1,376,419$411,162$247,542$879,309
72$1,466,091$380,587$205,112$903,300
73$1,563,312$346,916$159,663$929,283
74$1,668,802$309,947$111,044$957,512
75$1,783,352$269,466$59,095$988,273
76$1,907,832$225,248$3,653$1,021,884
77$2,043,200$177,055$0$1,058,699
78$2,190,510$124,634$0$1,113,925
79$2,350,922$67,720$0$1,175,197
80$2,525,710$6,033$0$1,242,086
81$2,716,278$0$0$1,315,192
82$2,924,173$0$0$1,415,231
83$3,151,094$0$0$1,526,663
84$3,398,914$0$0$1,648,424
85$3,669,693$0$0$1,781,535
86$3,965,700$0$0$1,927,119
87$4,289,434$0$0$2,086,415
88$4,643,645$0$0$2,260,786
89$5,031,360$0$0$2,451,731
90$5,455,916$0$0$2,660,904
91$5,920,984$0$0$2,890,123
92$6,430,609$0$0$3,141,394
93$6,989,244$0$0$3,416,924
94$7,601,796$0$0$3,719,144
95$8,273,667$0$0$4,050,731
96$9,010,808$0$0$4,414,636
97$9,819,774$0$0$4,814,106
98$10,707,786$0$0$5,252,723
99$11,682,796$0$0$5,734,426
100$12,753,566$0$0$6,263,560