Can I retire at age 57 with 571,000?

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 $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%13.9%
1 years$47,153$46,733$46,323$45,923$45,532$44,796
2 years$23,343$22,908$22,487$22,078$21,682$20,943
3 years$15,407$14,971$14,550$14,146$13,756$13,036
4 years$11,440$11,005$10,589$10,191$9,811$9,116
5 years$9,061$8,628$8,218$7,828$7,458$6,790
6 years$7,475$7,046$6,641$6,260$5,901$5,262
7 years$6,343$5,917$5,519$5,147$4,799$4,188
8 years$5,494$5,072$4,680$4,317$3,982$3,398
9 years$4,834$4,416$4,031$3,677$3,353$2,797
10 years$4,306$3,892$3,514$3,170$2,857$2,328
11 years$3,875$3,465$3,094$2,759$2,457$1,955
12 years$3,516$3,110$2,746$2,420$2,129$1,653
13 years$3,212$2,811$2,453$2,136$1,857$1,406
14 years$2,952$2,555$2,204$1,896$1,628$1,201
15 years$2,727$2,334$1,990$1,691$1,433$1,030
16 years$2,530$2,141$1,804$1,514$1,267$887
17 years$2,356$1,972$1,642$1,361$1,123$765
18 years$2,202$1,822$1,499$1,226$999$662
19 years$2,064$1,689$1,372$1,108$890$574
20 years$1,941$1,569$1,259$1,004$795$498
21 years$1,829$1,462$1,158$911$711$433
22 years$1,727$1,365$1,068$828$638$377
23 years$1,635$1,276$986$754$572$329
24 years$1,550$1,196$912$688$515$287
25 years$1,472$1,122$844$628$463$250
26 years$1,400$1,055$783$574$417$219
27 years$1,334$993$727$526$376$191
28 years$1,273$935$676$482$339$167
29 years$1,216$882$629$442$306$146
30 years$1,162$833$586$405$277$128
31 years$1,113$788$546$372$250$112
32 years$1,066$745$510$342$226$98
33 years$1,023$706$476$315$205$86
34 years$982$669$445$290$185$75
35 years$943$635$416$267$168$66
36 years$907$602$389$245$152$58
37 years$873$572$364$226$138$51
38 years$840$544$341$208$125$45
39 years$810$517$319$192$113$39
40 years$781$492$299$177$103$34
41 years$753$468$281$164$93$30
42 years$727$446$263$151$85$26
43 years$702$425$247$139$77$23
44 years$678$405$232$129$70$20
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$12
49 years$575$320$170$87$43$11
50 years$557$306$160$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $571,000, adding $4,416 every year, while hoping to spend $43,204 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: 74/10/16 Blend
56$571,000$571,000$571,000$571,000
57$633,797$603,534$594,684$678,106
58$652,476$587,139$568,637$691,643
59$671,611$568,492$540,269$700,725
60$691,205$547,437$509,458$709,528
61$711,257$523,811$476,074$718,013
62$731,765$497,437$439,982$726,139
63$752,726$468,132$401,042$733,859
64$774,134$435,700$359,106$741,125
65$795,981$399,935$314,022$747,883
66$818,257$360,618$265,628$754,077
67$840,950$317,519$213,757$759,643
68$864,043$270,394$158,234$764,514
69$887,517$218,985$98,877$768,618
70$911,349$163,020$35,494$771,875
71$935,510$102,212$0$774,200
72$959,969$36,257$0$780,989
73$984,688$0$0$793,477
74$1,009,622$0$0$809,395
75$1,034,721$0$0$829,424
76$1,059,927$0$0$849,526
77$1,085,173$0$0$869,647
78$1,110,385$0$0$889,724
79$1,135,475$0$0$909,688
80$1,160,347$0$0$929,458
81$1,184,891$0$0$948,945
82$1,208,984$0$0$968,047
83$1,232,485$0$0$986,649
84$1,255,240$0$0$1,004,625
85$1,277,073$0$0$1,021,831
86$1,297,787$0$0$1,038,106
87$1,317,164$0$0$1,053,270
88$1,334,957$0$0$1,067,124
89$1,350,894$0$0$1,079,443
90$1,364,669$0$0$1,089,977
91$1,375,943$0$0$1,098,450
92$1,384,337$0$0$1,104,552
93$1,389,431$0$0$1,107,938
94$1,390,757$0$0$1,108,229
95$1,387,796$0$0$1,104,998
96$1,379,971$0$0$1,097,775
97$1,366,642$0$0$1,086,037
98$1,347,100$0$0$1,069,205
99$1,320,558$0$0$1,046,637
100$1,286,145$0$0$1,017,621