Can I retire at age 57 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$47,400$46,978$46,566$46,164$45,772$45,013
2 years$23,466$23,029$22,605$22,194$21,796$21,034
3 years$15,488$15,049$14,627$14,220$13,828$13,087
4 years$11,500$11,063$10,645$10,245$9,862$9,147
5 years$9,108$8,673$8,261$7,869$7,497$6,810
6 years$7,514$7,083$6,676$6,293$5,932$5,274
7 years$6,376$5,948$5,548$5,174$4,825$4,195
8 years$5,523$5,098$4,705$4,340$4,002$3,402
9 years$4,859$4,439$4,052$3,697$3,371$2,798
10 years$4,329$3,913$3,533$3,187$2,872$2,328
11 years$3,895$3,483$3,110$2,773$2,470$1,953
12 years$3,534$3,126$2,760$2,433$2,140$1,651
13 years$3,229$2,825$2,466$2,148$1,866$1,403
14 years$2,967$2,568$2,216$1,906$1,636$1,198
15 years$2,741$2,346$2,001$1,700$1,441$1,027
16 years$2,543$2,153$1,814$1,522$1,273$883
17 years$2,369$1,982$1,651$1,368$1,129$761
18 years$2,214$1,832$1,507$1,233$1,004$658
19 years$2,075$1,698$1,379$1,114$895$570
20 years$1,951$1,578$1,266$1,009$799$495
21 years$1,838$1,469$1,164$916$715$430
22 years$1,736$1,372$1,073$832$641$374
23 years$1,643$1,283$991$758$575$325
24 years$1,558$1,202$916$691$517$284
25 years$1,480$1,128$849$631$465$248
26 years$1,408$1,060$787$577$419$216
27 years$1,341$998$731$528$378$189
28 years$1,279$940$680$484$341$165
29 years$1,222$887$632$444$308$144
30 years$1,168$838$589$408$278$126
31 years$1,118$792$549$374$252$110
32 years$1,072$749$512$344$228$97
33 years$1,028$710$478$316$206$85
34 years$987$672$447$291$186$74
35 years$948$638$418$268$169$65
36 years$912$605$391$247$153$57
37 years$877$575$366$227$139$50
38 years$845$546$343$210$126$44
39 years$814$520$321$193$114$38
40 years$785$494$301$178$103$34
41 years$757$471$282$164$94$29
42 years$731$448$265$152$85$26
43 years$706$427$248$140$77$23
44 years$682$407$233$129$70$20
45 years$659$388$219$119$64$17
46 years$638$370$206$110$58$15
47 years$617$353$193$102$52$13
48 years$597$337$181$94$48$12
49 years$578$322$171$87$43$10
50 years$560$308$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 $574,000, adding $6,684 every year, while hoping to spend $26,110 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: 65/18/17 Blend
56$574,000$574,000$574,000$574,000
57$639,443$609,021$600,124$677,909
58$676,885$611,082$592,447$706,572
59$717,271$612,369$583,638$734,267
60$760,874$612,816$573,631$763,899
61$807,994$612,355$562,358$795,658
62$858,959$610,910$549,747$829,754
63$914,132$608,404$535,723$866,417
64$973,911$604,753$520,207$905,904
65$1,038,733$599,869$503,117$948,496
66$1,109,080$593,658$484,367$994,507
67$1,185,480$586,022$463,868$1,044,279
68$1,268,517$576,855$441,525$1,098,195
69$1,358,830$566,045$417,241$1,156,675
70$1,457,124$553,475$390,912$1,220,183
71$1,564,174$539,019$362,431$1,289,233
72$1,680,834$522,545$331,686$1,364,390
73$1,808,042$503,912$298,561$1,446,280
74$1,946,832$482,974$262,933$1,535,595
75$2,098,342$459,572$224,673$1,633,096
76$2,263,822$433,541$183,649$1,739,627
77$2,444,652$404,705$139,722$1,856,117
78$2,642,350$372,878$92,746$1,983,592
79$2,858,585$337,865$42,568$2,123,185
80$3,095,198$299,457$0$2,276,149
81$3,354,214$257,437$0$2,445,854
82$3,637,864$211,571$0$2,640,202
83$3,948,604$161,616$0$2,853,178
84$4,289,140$107,313$0$3,086,670
85$4,662,450$48,389$0$3,342,760
86$5,071,816$0$0$3,623,744
87$5,520,852$0$0$3,935,212
88$6,013,538$0$0$4,287,513
89$6,554,260$0$0$4,674,203
90$7,147,846$0$0$5,098,739
91$7,799,617$0$0$5,564,933
92$8,515,434$0$0$6,076,982
93$9,301,752$0$0$6,639,509
94$10,165,684$0$0$7,257,608
95$11,115,063$0$0$7,936,890
96$12,158,523$0$0$8,683,538
97$13,305,572$0$0$9,504,363
98$14,566,686$0$0$10,406,867
99$15,953,409$0$0$11,399,318
100$17,478,456$0$0$12,490,824