Can I retire at age 57 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$47,483$47,060$46,647$46,245$45,851$44,652
2 years$23,506$23,069$22,644$22,233$21,834$20,634
3 years$15,515$15,076$14,652$14,245$13,852$12,689
4 years$11,520$11,082$10,663$10,263$9,880$8,762
5 years$9,124$8,689$8,275$7,883$7,510$6,442
6 years$7,527$7,095$6,687$6,304$5,943$4,924
7 years$6,387$5,958$5,557$5,183$4,833$3,864
8 years$5,532$5,107$4,713$4,348$4,009$3,090
9 years$4,868$4,447$4,059$3,703$3,377$2,506
10 years$4,336$3,920$3,539$3,192$2,877$2,054
11 years$3,902$3,489$3,116$2,778$2,474$1,697
12 years$3,540$3,132$2,765$2,437$2,144$1,412
13 years$3,234$2,830$2,470$2,151$1,870$1,181
14 years$2,973$2,573$2,220$1,910$1,639$992
15 years$2,746$2,350$2,004$1,703$1,443$836
16 years$2,547$2,156$1,817$1,525$1,275$707
17 years$2,373$1,986$1,653$1,370$1,131$599
18 years$2,218$1,835$1,509$1,235$1,006$509
19 years$2,079$1,701$1,382$1,116$896$433
20 years$1,954$1,580$1,268$1,011$801$369
21 years$1,842$1,472$1,166$917$716$315
22 years$1,739$1,374$1,075$834$642$269
23 years$1,646$1,285$993$759$576$230
24 years$1,561$1,204$918$693$518$196
25 years$1,482$1,130$850$633$466$168
26 years$1,410$1,062$789$578$420$144
27 years$1,343$999$732$529$379$123
28 years$1,282$942$681$485$342$106
29 years$1,224$888$633$445$308$91
30 years$1,170$839$590$408$279$78
31 years$1,120$793$550$375$252$67
32 years$1,074$751$513$345$228$57
33 years$1,030$711$479$317$206$49
34 years$989$674$448$292$187$42
35 years$950$639$419$268$169$36
36 years$913$606$392$247$153$31
37 years$879$576$367$228$139$27
38 years$846$547$343$210$126$23
39 years$815$521$322$194$114$20
40 years$786$495$301$179$104$17
41 years$758$471$283$165$94$15
42 years$732$449$265$152$85$12
43 years$707$428$249$140$77$11
44 years$683$408$234$130$70$9
45 years$660$389$219$120$64$8
46 years$639$371$206$111$58$7
47 years$618$354$193$102$53$6
48 years$598$338$182$94$48$5
49 years$579$323$171$87$43$4
50 years$561$308$161$81$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $575,000, adding $6,847 every year, while hoping to spend $22,388 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: 45/46/9 Blend
56$575,000$575,000$575,000$575,000
57$640,713$610,238$601,325$667,621
58$682,245$616,319$597,649$693,016
59$727,263$621,947$593,099$717,687
60$776,098$627,078$587,623$743,926
61$829,117$631,661$581,165$771,886
62$886,720$635,646$573,667$801,736
63$949,349$638,976$565,069$833,661
64$1,017,490$641,593$555,306$867,870
65$1,091,678$643,435$544,312$904,590
66$1,172,501$644,435$532,018$944,076
67$1,260,605$644,522$518,350$986,606
68$1,356,705$643,621$503,233$1,032,492
69$1,461,583$641,653$486,586$1,082,076
70$1,576,104$638,533$468,325$1,135,738
71$1,701,217$634,172$448,365$1,193,899
72$1,837,969$628,474$426,613$1,257,021
73$1,987,511$621,338$402,973$1,325,620
74$2,151,111$612,658$377,347$1,400,263
75$2,330,166$602,320$349,630$1,481,578
76$2,526,214$590,204$319,714$1,570,259
77$2,740,947$576,184$287,483$1,667,076
78$2,976,230$560,123$252,821$1,772,876
79$3,234,117$541,881$215,601$1,888,597
80$3,516,869$521,305$175,696$2,015,276
81$3,826,978$498,237$132,970$2,154,059
82$4,167,186$472,507$87,281$2,306,212
83$4,540,516$443,936$38,482$2,473,134
84$4,950,296$412,337$0$2,656,370
85$5,400,193$377,508$0$2,858,932
86$5,894,246$339,240$0$3,085,430
87$6,436,905$297,308$0$3,334,262
88$7,033,070$251,477$0$3,607,745
89$7,688,141$201,498$0$3,908,437
90$8,408,068$147,107$0$4,239,160
91$9,199,402$88,026$0$4,603,031
92$10,069,364$23,963$0$5,003,487
93$11,025,909$0$0$5,444,324
94$12,077,800$0$0$5,952,706
95$13,234,691$0$0$6,525,254
96$14,507,222$0$0$7,155,110
97$15,907,112$0$0$7,848,087
98$17,447,277$0$0$8,610,586
99$19,141,943$0$0$9,449,663
100$21,006,790$0$0$10,373,092