Can I retire at age 57 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$47,566$47,142$46,728$46,325$45,931$44,640
2 years$23,547$23,109$22,684$22,272$21,872$20,581
3 years$15,542$15,102$14,678$14,270$13,876$12,626
4 years$11,541$11,101$10,682$10,280$9,897$8,696
5 years$9,140$8,704$8,289$7,896$7,523$6,377
6 years$7,540$7,107$6,699$6,315$5,953$4,861
7 years$6,398$5,969$5,567$5,192$4,841$3,804
8 years$5,542$5,116$4,721$4,355$4,016$3,033
9 years$4,876$4,455$4,066$3,710$3,382$2,452
10 years$4,344$3,926$3,545$3,198$2,882$2,003
11 years$3,909$3,496$3,121$2,783$2,479$1,650
12 years$3,546$3,137$2,770$2,441$2,148$1,368
13 years$3,240$2,835$2,475$2,155$1,873$1,141
14 years$2,978$2,577$2,224$1,913$1,642$955
15 years$2,750$2,354$2,008$1,706$1,446$802
16 years$2,552$2,160$1,820$1,528$1,278$676
17 years$2,377$1,989$1,656$1,373$1,133$571
18 years$2,221$1,838$1,512$1,237$1,007$483
19 years$2,083$1,704$1,384$1,118$898$409
20 years$1,958$1,583$1,270$1,012$802$347
21 years$1,845$1,475$1,168$919$718$295
22 years$1,742$1,376$1,077$835$643$251
23 years$1,649$1,287$994$761$577$214
24 years$1,564$1,206$920$694$519$182
25 years$1,485$1,132$852$634$467$155
26 years$1,413$1,064$790$579$421$132
27 years$1,346$1,001$734$530$379$113
28 years$1,284$943$682$486$342$96
29 years$1,226$890$635$446$309$82
30 years$1,172$841$591$409$279$70
31 years$1,122$795$551$376$252$60
32 years$1,075$752$514$345$228$51
33 years$1,032$712$480$317$207$44
34 years$990$675$449$292$187$38
35 years$951$640$419$269$169$32
36 years$915$608$392$248$154$27
37 years$880$577$367$228$139$23
38 years$848$548$344$210$126$20
39 years$817$521$322$194$114$17
40 years$787$496$302$179$104$15
41 years$760$472$283$165$94$13
42 years$733$450$266$152$85$11
43 years$708$429$249$141$78$9
44 years$684$408$234$130$70$8
45 years$662$390$220$120$64$7
46 years$640$372$206$111$58$6
47 years$619$355$194$102$53$5
48 years$599$339$182$95$48$4
49 years$580$323$171$87$43$4
50 years$562$309$161$81$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $576,000, adding $3,403 every year, while hoping to spend $24,422 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: 31/39/30 Blend
56$576,000$576,000$576,000$576,000
57$638,262$607,734$598,806$652,120
58$677,380$611,528$592,881$666,991
59$719,670$614,690$585,940$680,629
60$765,428$617,162$577,921$694,838
61$814,983$618,884$568,763$709,685
62$868,695$619,793$558,399$725,247
63$926,958$619,819$546,762$741,610
64$990,208$618,891$533,779$758,870
65$1,058,924$616,931$519,376$777,137
66$1,133,633$613,859$503,473$796,533
67$1,214,912$609,587$485,988$817,195
68$1,303,399$604,023$466,835$839,275
69$1,399,797$597,071$445,924$862,947
70$1,504,875$588,626$423,162$888,401
71$1,619,484$578,581$398,450$915,854
72$1,744,558$566,818$371,684$945,546
73$1,881,126$553,215$342,759$977,743
74$2,030,321$537,642$311,561$1,012,747
75$2,193,389$519,962$277,974$1,050,889
76$2,371,703$500,029$241,874$1,092,541
77$2,566,775$477,688$203,135$1,138,118
78$2,780,268$452,777$161,623$1,188,079
79$3,014,016$425,124$117,197$1,242,937
80$3,270,036$394,546$69,714$1,303,262
81$3,550,551$360,849$19,021$1,369,687
82$3,858,008$323,832$0$1,442,916
83$4,195,103$283,277$0$1,534,958
84$4,564,803$238,958$0$1,642,681
85$4,970,381$190,634$0$1,761,007
86$5,415,435$138,052$0$1,891,064
87$5,903,935$80,942$0$2,034,094
88$6,440,250$19,021$0$2,191,477
89$7,029,194$0$0$2,364,731
90$7,676,069$0$0$2,576,144
91$8,386,717$0$0$2,817,462
92$9,167,573$0$0$3,082,719
93$10,025,727$0$0$3,374,334
94$10,968,990$0$0$3,694,976
95$12,005,965$0$0$4,047,581
96$13,146,133$0$0$4,435,388
97$14,399,938$0$0$4,861,962
98$15,778,888$0$0$5,331,232
99$17,295,660$0$0$5,847,529
100$18,964,224$0$0$6,415,622