Can I retire at age 57 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$47,235$46,814$46,404$46,003$45,612$45,155
2 years$23,384$22,948$22,526$22,117$21,720$21,259
3 years$15,434$14,997$14,576$14,171$13,780$13,330
4 years$11,460$11,024$10,608$10,209$9,828$9,393
5 years$9,077$8,643$8,232$7,842$7,471$7,052
6 years$7,488$7,058$6,653$6,271$5,912$5,508
7 years$6,354$5,927$5,528$5,156$4,808$4,421
8 years$5,503$5,081$4,688$4,325$3,989$3,618
9 years$4,842$4,424$4,038$3,684$3,359$3,005
10 years$4,314$3,899$3,521$3,176$2,862$2,524
11 years$3,882$3,471$3,099$2,764$2,461$2,139
12 years$3,522$3,116$2,751$2,424$2,133$1,826
13 years$3,218$2,816$2,458$2,140$1,860$1,568
14 years$2,957$2,559$2,208$1,900$1,630$1,353
15 years$2,731$2,338$1,994$1,694$1,436$1,173
16 years$2,534$2,145$1,808$1,517$1,269$1,020
17 years$2,360$1,976$1,645$1,363$1,125$889
18 years$2,206$1,825$1,501$1,228$1,000$778
19 years$2,068$1,692$1,375$1,110$892$681
20 years$1,944$1,572$1,261$1,005$796$598
21 years$1,832$1,464$1,160$912$713$526
22 years$1,730$1,367$1,069$830$639$463
23 years$1,638$1,278$987$755$573$408
24 years$1,553$1,198$913$689$515$360
25 years$1,475$1,124$846$629$464$318
26 years$1,403$1,056$784$575$418$282
27 years$1,336$994$728$527$377$249
28 years$1,275$937$677$483$340$221
29 years$1,218$884$630$442$307$195
30 years$1,164$835$587$406$277$173
31 years$1,115$789$547$373$251$154
32 years$1,068$747$511$343$227$136
33 years$1,024$707$477$315$205$121
34 years$983$670$445$290$186$107
35 years$945$636$416$267$168$95
36 years$908$603$390$246$152$85
37 years$874$573$365$227$138$75
38 years$842$545$341$209$125$67
39 years$811$518$320$193$114$59
40 years$782$493$300$178$103$53
41 years$754$469$281$164$93$47
42 years$728$447$264$151$85$42
43 years$703$426$247$140$77$37
44 years$680$406$232$129$70$33
45 years$657$387$218$119$63$29
46 years$635$369$205$110$58$26
47 years$615$352$192$102$52$23
48 years$595$336$181$94$48$21
49 years$576$321$170$87$43$18
50 years$558$307$160$80$39$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $572,000, adding $5,245 every year, while hoping to spend $57,677 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: 35/36/29 Blend
56$572,000$572,000$572,000$572,000
57$635,754$605,438$596,572$652,309
58$639,233$573,737$555,190$633,486
59$641,134$538,549$510,487$607,655
60$641,235$499,643$462,294$578,683
61$639,289$456,774$410,429$546,328
62$635,023$409,682$354,705$510,332
63$628,134$358,095$294,926$470,415
64$618,284$301,723$230,887$426,276
65$605,102$240,259$162,374$377,593
66$588,173$173,383$89,164$324,018
67$567,040$100,752$11,024$265,175
68$541,196$22,006$0$200,660
69$510,079$0$0$152,430
70$473,070$0$0$127,768
71$429,481$0$0$109,232
72$378,553$0$0$87,812
73$319,447$0$0$63,182
74$251,233$0$0$34,981
75$172,886$0$0$2,812
76$83,273$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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