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%17.3%
1 years$47,318$46,896$46,485$46,084$45,692$44,336
2 years$23,425$22,988$22,566$22,156$21,758$20,403
3 years$15,461$15,023$14,601$14,195$13,804$12,493
4 years$11,480$11,044$10,626$10,227$9,845$8,587
5 years$9,093$8,658$8,246$7,855$7,484$6,283
6 years$7,501$7,070$6,664$6,282$5,922$4,779
7 years$6,365$5,938$5,538$5,165$4,816$3,731
8 years$5,513$5,090$4,697$4,333$3,995$2,968
9 years$4,851$4,431$4,045$3,690$3,365$2,394
10 years$4,321$3,906$3,527$3,181$2,867$1,951
11 years$3,888$3,477$3,105$2,769$2,466$1,603
12 years$3,528$3,121$2,755$2,428$2,137$1,326
13 years$3,223$2,821$2,462$2,144$1,863$1,102
14 years$2,962$2,564$2,212$1,903$1,633$920
15 years$2,736$2,342$1,997$1,697$1,438$771
16 years$2,539$2,149$1,811$1,520$1,271$647
17 years$2,364$1,979$1,648$1,365$1,127$545
18 years$2,210$1,829$1,504$1,231$1,002$460
19 years$2,072$1,695$1,377$1,112$893$389
20 years$1,947$1,575$1,264$1,007$798$329
21 years$1,835$1,467$1,162$914$714$279
22 years$1,733$1,369$1,071$831$640$236
23 years$1,640$1,281$989$757$574$201
24 years$1,555$1,200$915$690$516$170
25 years$1,477$1,126$847$630$465$145
26 years$1,405$1,058$786$576$418$123
27 years$1,339$996$730$528$377$105
28 years$1,277$939$678$483$340$89
29 years$1,220$885$631$443$307$76
30 years$1,166$836$588$407$278$64
31 years$1,117$790$548$374$251$55
32 years$1,070$748$511$343$227$47
33 years$1,026$708$478$316$206$40
34 years$985$671$446$291$186$34
35 years$946$637$417$267$169$29
36 years$910$604$390$246$153$25
37 years$876$574$365$227$138$21
38 years$843$545$342$209$126$18
39 years$813$519$320$193$114$15
40 years$783$494$300$178$103$13
41 years$756$470$282$164$94$11
42 years$730$447$264$151$85$9
43 years$705$426$248$140$77$8
44 years$681$406$233$129$70$7
45 years$658$387$219$119$64$6
46 years$637$370$205$110$58$5
47 years$616$353$193$102$52$4
48 years$596$337$181$94$48$4
49 years$577$322$170$87$43$3
50 years$559$307$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $573,000, adding $4,637 every year, while hoping to spend $45,562 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: 65/6/29 Blend
56$573,000$573,000$573,000$573,000
57$636,229$605,860$596,979$672,409
58$652,647$587,070$568,500$678,657
59$669,212$565,831$537,540$680,027
60$685,892$541,977$503,968$680,536
61$702,648$515,330$467,646$680,103
62$719,438$485,700$428,432$678,644
63$736,211$452,890$386,175$676,065
64$752,913$416,689$340,719$672,267
65$769,478$376,875$291,901$667,140
66$785,835$333,213$239,551$660,569
67$801,904$285,455$183,490$652,425
68$817,594$233,337$123,532$642,572
69$832,801$176,583$59,483$630,861
70$847,412$114,901$0$617,131
71$861,297$47,980$0$603,951
72$874,314$0$0$608,208
73$886,300$0$0$612,957
74$897,078$0$0$619,987
75$906,447$0$0$625,987
76$914,184$0$0$630,795
77$920,042$0$0$634,234
78$923,744$0$0$636,105
79$924,985$0$0$636,188
80$923,424$0$0$634,239
81$918,681$0$0$629,985
82$910,339$0$0$623,125
83$897,932$0$0$613,326
84$880,943$0$0$600,216
85$858,801$0$0$583,385
86$830,873$0$0$562,380
87$796,457$0$0$536,695
88$754,777$0$0$505,775
89$704,973$0$0$469,002
90$646,096$0$0$425,695
91$577,093$0$0$375,100
92$496,803$0$0$316,382
93$403,940$0$0$248,621
94$297,083$0$0$170,796
95$174,663$0$0$81,784
96$34,946$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0