Can I retire at age 57 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$47,318$46,896$46,485$46,084$45,692$45,347
2 years$23,425$22,988$22,566$22,156$21,758$21,410
3 years$15,461$15,023$14,601$14,195$13,804$13,464
4 years$11,480$11,044$10,626$10,227$9,845$9,516
5 years$9,093$8,658$8,246$7,855$7,484$7,166
6 years$7,501$7,070$6,664$6,282$5,922$5,616
7 years$6,365$5,938$5,538$5,165$4,816$4,522
8 years$5,513$5,090$4,697$4,333$3,995$3,714
9 years$4,851$4,431$4,045$3,690$3,365$3,095
10 years$4,321$3,906$3,527$3,181$2,867$2,609
11 years$3,888$3,477$3,105$2,769$2,466$2,220
12 years$3,528$3,121$2,755$2,428$2,137$1,902
13 years$3,223$2,821$2,462$2,144$1,863$1,640
14 years$2,962$2,564$2,212$1,903$1,633$1,421
15 years$2,736$2,342$1,997$1,697$1,438$1,236
16 years$2,539$2,149$1,811$1,520$1,271$1,079
17 years$2,364$1,979$1,648$1,365$1,127$945
18 years$2,210$1,829$1,504$1,231$1,002$830
19 years$2,072$1,695$1,377$1,112$893$730
20 years$1,947$1,575$1,264$1,007$798$644
21 years$1,835$1,467$1,162$914$714$569
22 years$1,733$1,369$1,071$831$640$503
23 years$1,640$1,281$989$757$574$446
24 years$1,555$1,200$915$690$516$395
25 years$1,477$1,126$847$630$465$351
26 years$1,405$1,058$786$576$418$312
27 years$1,339$996$730$528$377$277
28 years$1,277$939$678$483$340$246
29 years$1,220$885$631$443$307$219
30 years$1,166$836$588$407$278$195
31 years$1,117$790$548$374$251$174
32 years$1,070$748$511$343$227$155
33 years$1,026$708$478$316$206$138
34 years$985$671$446$291$186$123
35 years$946$637$417$267$169$110
36 years$910$604$390$246$153$98
37 years$876$574$365$227$138$88
38 years$843$545$342$209$126$78
39 years$813$519$320$193$114$70
40 years$783$494$300$178$103$62
41 years$756$470$282$164$94$56
42 years$730$447$264$151$85$50
43 years$705$426$248$140$77$45
44 years$681$406$233$129$70$40
45 years$658$387$219$119$64$36
46 years$637$370$205$110$58$32
47 years$616$353$193$102$52$28
48 years$596$337$181$94$48$25
49 years$577$322$170$87$43$23
50 years$559$307$160$80$39$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $573,000, adding $4,520 every year, while hoping to spend $20,625 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: 61/21/18 Blend
56$573,000$573,000$573,000$573,000
57$636,108$605,739$596,858$671,710
58$679,047$613,476$594,908$704,006
59$725,673$620,900$592,201$736,535
60$776,343$627,975$588,691$771,558
61$831,445$634,661$584,327$809,318
62$891,409$640,916$579,059$850,084
63$956,707$646,695$572,831$894,155
64$1,027,858$651,950$565,588$941,857
65$1,105,434$656,630$557,270$993,554
66$1,190,064$660,680$547,814$1,049,644
67$1,282,440$664,043$537,155$1,110,569
68$1,383,324$666,657$525,225$1,176,814
69$1,493,556$668,456$511,953$1,248,915
70$1,614,060$669,371$497,264$1,327,466
71$1,745,851$669,328$481,081$1,413,117
72$1,890,051$668,248$463,320$1,506,591
73$2,047,893$666,049$443,897$1,608,681
74$2,220,733$662,641$422,723$1,720,265
75$2,410,068$657,930$399,705$1,842,309
76$2,617,544$651,817$374,744$1,975,880
77$2,844,974$644,197$347,738$2,122,155
78$3,094,356$634,957$318,582$2,282,434
79$3,367,890$623,980$287,164$2,458,146
80$3,667,998$611,138$253,367$2,650,873
81$3,997,350$596,300$217,071$2,862,356
82$4,358,884$579,323$178,148$3,094,517
83$4,755,841$560,060$136,466$3,349,476
84$5,191,785$538,352$91,886$3,629,569
85$5,670,648$514,032$44,265$3,937,376
86$6,196,758$486,923$0$4,275,738
87$6,774,884$456,839$0$4,649,051
88$7,410,279$423,581$0$5,068,667
89$8,108,732$386,941$0$5,529,922
90$8,876,619$346,698$0$6,037,051
91$9,720,966$302,618$0$6,594,727
92$10,649,512$254,454$0$7,208,097
93$11,670,786$201,945$0$7,882,838
94$12,794,183$144,818$0$8,625,203
95$14,030,055$82,779$0$9,442,088
96$15,389,808$15,523$0$10,341,091
97$16,886,011$0$0$11,330,590
98$18,532,508$0$0$12,433,052
99$20,344,558$0$0$13,650,365
100$22,338,972$0$0$14,990,242