Can I retire at age 57 with 574,000?

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 $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%18.2%
1 years$47,400$46,978$46,566$46,164$45,772$44,253
2 years$23,466$23,029$22,605$22,194$21,796$20,281
3 years$15,488$15,049$14,627$14,220$13,828$12,364
4 years$11,500$11,063$10,645$10,245$9,862$8,461
5 years$9,108$8,673$8,261$7,869$7,497$6,161
6 years$7,514$7,083$6,676$6,293$5,932$4,663
7 years$6,376$5,948$5,548$5,174$4,825$3,622
8 years$5,523$5,098$4,705$4,340$4,002$2,866
9 years$4,859$4,439$4,052$3,697$3,371$2,299
10 years$4,329$3,913$3,533$3,187$2,872$1,863
11 years$3,895$3,483$3,110$2,773$2,470$1,522
12 years$3,534$3,126$2,760$2,433$2,140$1,251
13 years$3,229$2,825$2,466$2,148$1,866$1,034
14 years$2,967$2,568$2,216$1,906$1,636$858
15 years$2,741$2,346$2,001$1,700$1,441$714
16 years$2,543$2,153$1,814$1,522$1,273$596
17 years$2,369$1,982$1,651$1,368$1,129$498
18 years$2,214$1,832$1,507$1,233$1,004$418
19 years$2,075$1,698$1,379$1,114$895$351
20 years$1,951$1,578$1,266$1,009$799$295
21 years$1,838$1,469$1,164$916$715$248
22 years$1,736$1,372$1,073$832$641$209
23 years$1,643$1,283$991$758$575$176
24 years$1,558$1,202$916$691$517$148
25 years$1,480$1,128$849$631$465$125
26 years$1,408$1,060$787$577$419$106
27 years$1,341$998$731$528$378$89
28 years$1,279$940$680$484$341$75
29 years$1,222$887$632$444$308$64
30 years$1,168$838$589$408$278$54
31 years$1,118$792$549$374$252$45
32 years$1,072$749$512$344$228$38
33 years$1,028$710$478$316$206$32
34 years$987$672$447$291$186$27
35 years$948$638$418$268$169$23
36 years$912$605$391$247$153$20
37 years$877$575$366$227$139$17
38 years$845$546$343$210$126$14
39 years$814$520$321$193$114$12
40 years$785$494$301$178$103$10
41 years$757$471$282$164$94$8
42 years$731$448$265$152$85$7
43 years$706$427$248$140$77$6
44 years$682$407$233$129$70$5
45 years$659$388$219$119$64$4
46 years$638$370$206$110$58$4
47 years$617$353$193$102$52$3
48 years$597$337$181$94$48$3
49 years$578$322$171$87$43$2
50 years$560$308$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $574,000, adding $2,706 every year, while hoping to spend $36,524 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: 64/31/5 Blend
56$574,000$574,000$574,000$574,000
57$635,339$604,917$596,020$675,375
58$661,283$595,697$577,126$693,119
59$688,648$584,801$556,374$707,904
60$717,542$572,108$533,664$723,085
61$748,081$557,491$508,892$738,697
62$780,391$540,814$481,946$754,780
63$814,611$521,934$452,711$771,378
64$850,892$500,699$421,067$788,543
65$889,399$476,950$386,889$806,334
66$930,313$450,515$350,045$824,814
67$973,832$421,217$310,398$844,059
68$1,020,171$388,865$267,805$864,153
69$1,069,567$353,258$222,115$885,188
70$1,122,280$314,185$173,173$907,272
71$1,178,593$271,421$120,815$930,522
72$1,238,819$224,729$64,872$955,074
73$1,303,298$173,861$5,164$981,078
74$1,372,404$118,550$0$1,008,701
75$1,446,549$58,518$0$1,041,258
76$1,526,182$0$0$1,076,332
77$1,611,799$0$0$1,116,123
78$1,703,942$0$0$1,180,459
79$1,803,207$0$0$1,249,798
80$1,910,249$0$0$1,324,601
81$2,025,788$0$0$1,405,375
82$2,150,614$0$0$1,492,676
83$2,285,595$0$0$1,587,116
84$2,431,686$0$0$1,689,367
85$2,589,937$0$0$1,800,170
86$2,761,501$0$0$1,920,338
87$2,947,647$0$0$2,050,763
88$3,149,772$0$0$2,192,431
89$3,369,409$0$0$2,346,421
90$3,608,247$0$0$2,513,926
91$3,868,145$0$0$2,696,253
92$4,151,145$0$0$2,894,844
93$4,459,498$0$0$3,111,283
94$4,795,678$0$0$3,347,316
95$5,162,410$0$0$3,604,863
96$5,562,692$0$0$3,886,037
97$5,999,825$0$0$4,193,166
98$6,477,442$0$0$4,528,810
99$6,999,544$0$0$4,895,791
100$7,570,534$0$0$5,297,212