Can I retire at age 57 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$47,648$47,224$46,810$46,405$46,011$45,100
2 years$23,588$23,149$22,723$22,310$21,910$20,996
3 years$15,569$15,128$14,703$14,294$13,901$13,013
4 years$11,561$11,121$10,700$10,298$9,914$9,058
5 years$9,156$8,719$8,304$7,910$7,536$6,716
6 years$7,553$7,120$6,711$6,326$5,963$5,178
7 years$6,409$5,979$5,577$5,201$4,850$4,101
8 years$5,551$5,125$4,729$4,363$4,023$3,310
9 years$4,885$4,462$4,073$3,716$3,388$2,710
10 years$4,352$3,933$3,551$3,203$2,887$2,243
11 years$3,916$3,502$3,127$2,788$2,483$1,873
12 years$3,553$3,143$2,775$2,445$2,152$1,574
13 years$3,246$2,840$2,479$2,159$1,876$1,331
14 years$2,983$2,582$2,227$1,916$1,645$1,130
15 years$2,755$2,358$2,011$1,709$1,448$964
16 years$2,556$2,164$1,823$1,530$1,280$824
17 years$2,381$1,993$1,659$1,375$1,135$707
18 years$2,225$1,841$1,515$1,239$1,009$607
19 years$2,086$1,707$1,387$1,120$899$523
20 years$1,961$1,586$1,272$1,014$803$451
21 years$1,848$1,477$1,170$920$719$389
22 years$1,745$1,379$1,079$837$644$337
23 years$1,652$1,290$996$762$578$291
24 years$1,566$1,208$921$695$520$252
25 years$1,488$1,134$853$635$468$219
26 years$1,415$1,066$791$580$421$190
27 years$1,348$1,003$735$531$380$165
28 years$1,286$945$683$487$343$143
29 years$1,228$892$636$446$310$124
30 years$1,175$842$592$410$280$108
31 years$1,124$796$552$376$253$94
32 years$1,077$753$515$346$229$82
33 years$1,033$713$481$318$207$71
34 years$992$676$449$293$187$62
35 years$953$641$420$269$170$54
36 years$916$609$393$248$154$47
37 years$882$578$368$229$139$41
38 years$849$549$344$211$126$35
39 years$818$522$323$194$115$31
40 years$789$497$302$179$104$27
41 years$761$473$284$165$94$23
42 years$735$451$266$153$86$20
43 years$709$429$250$141$78$18
44 years$686$409$234$130$70$15
45 years$663$390$220$120$64$13
46 years$641$372$207$111$58$12
47 years$620$355$194$102$53$10
48 years$600$339$182$95$48$9
49 years$581$324$171$88$44$8
50 years$563$309$161$81$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $577,000, adding $4,016 every year, while hoping to spend $36,923 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: 56/31/13 Blend
56$577,000$577,000$577,000$577,000
57$639,997$609,416$600,472$673,489
58$665,990$599,991$581,302$687,220
59$693,398$588,867$560,252$697,783
60$722,325$575,922$537,221$708,428
61$752,886$561,026$512,101$719,170
62$785,205$544,041$484,782$730,025
63$819,421$524,824$455,147$741,017
64$855,681$503,220$423,074$752,170
65$894,149$479,066$388,435$763,515
66$935,003$452,191$351,099$775,089
67$978,439$422,414$310,926$786,935
68$1,024,669$389,542$267,771$799,102
69$1,073,927$353,371$221,483$811,648
70$1,126,469$313,687$171,904$824,640
71$1,182,574$270,264$118,869$838,155
72$1,242,550$222,860$62,205$852,282
73$1,306,734$171,224$1,732$867,120
74$1,375,493$115,086$0$882,787
75$1,449,234$54,166$0$908,126
76$1,528,399$0$0$935,396
77$1,613,477$0$0$968,594
78$1,705,002$0$0$1,024,221
79$1,803,561$0$0$1,084,163
80$1,909,799$0$0$1,148,816
81$2,024,426$0$0$1,218,617
82$2,148,219$0$0$1,294,045
83$2,282,034$0$0$1,375,628
84$2,426,811$0$0$1,463,944
85$2,583,583$0$0$1,559,630
86$2,753,488$0$0$1,663,387
87$2,937,773$0$0$1,775,984
88$3,137,814$0$0$1,898,268
89$3,355,121$0$0$2,031,171
90$3,591,357$0$0$2,175,718
91$3,848,350$0$0$2,333,035
92$4,128,113$0$0$2,504,364
93$4,432,859$0$0$2,691,069
94$4,765,026$0$0$2,894,653
95$5,127,293$0$0$3,116,768
96$5,522,614$0$0$3,359,236
97$5,954,236$0$0$3,624,059
98$6,425,735$0$0$3,913,442
99$6,941,048$0$0$4,229,814
100$7,504,510$0$0$4,575,848