Can I retire at age 57 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$41,950$41,576$41,212$40,856$40,509$40,338
2 years$20,767$20,381$20,006$19,642$19,290$19,118
3 years$13,707$13,319$12,945$12,585$12,238$12,070
4 years$10,178$9,791$9,421$9,067$8,728$8,565
5 years$8,061$7,676$7,311$6,964$6,635$6,477
6 years$6,650$6,268$5,908$5,569$5,250$5,098
7 years$5,643$5,264$4,910$4,579$4,270$4,123
8 years$4,888$4,512$4,164$3,841$3,542$3,401
9 years$4,301$3,929$3,586$3,272$2,983$2,848
10 years$3,831$3,463$3,127$2,820$2,542$2,412
11 years$3,447$3,083$2,753$2,454$2,186$2,062
12 years$3,128$2,767$2,443$2,153$1,894$1,776
13 years$2,858$2,501$2,183$1,901$1,652$1,539
14 years$2,626$2,273$1,961$1,687$1,448$1,340
15 years$2,426$2,076$1,771$1,505$1,275$1,172
16 years$2,251$1,905$1,605$1,347$1,127$1,029
17 years$2,096$1,754$1,461$1,211$999$906
18 years$1,959$1,621$1,333$1,091$888$800
19 years$1,837$1,503$1,221$986$792$708
20 years$1,727$1,396$1,120$893$707$628
21 years$1,627$1,301$1,030$810$633$558
22 years$1,537$1,214$950$737$567$497
23 years$1,454$1,135$877$671$509$443
24 years$1,379$1,064$811$612$458$395
25 years$1,310$998$751$559$412$353
26 years$1,246$938$697$511$371$315
27 years$1,187$883$647$468$335$282
28 years$1,132$832$601$429$302$252
29 years$1,081$785$560$393$273$226
30 years$1,034$741$521$361$246$203
31 years$990$701$486$331$223$182
32 years$949$663$453$304$201$163
33 years$910$628$423$280$182$146
34 years$873$595$396$258$165$131
35 years$839$564$370$237$149$118
36 years$807$536$346$218$135$106
37 years$776$509$324$201$123$95
38 years$748$484$303$185$111$86
39 years$720$460$284$171$101$77
40 years$695$438$266$158$92$69
41 years$670$416$250$146$83$62
42 years$647$397$234$134$75$56
43 years$625$378$220$124$68$50
44 years$604$360$206$114$62$45
45 years$584$344$194$106$56$41
46 years$564$328$182$98$51$37
47 years$546$313$171$90$46$33
48 years$529$299$161$83$42$30
49 years$512$285$151$77$38$27
50 years$496$272$142$71$35$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $508,000, adding $2,402 every year, while hoping to spend $31,946 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: 67/26/7 Blend
56$508,000$508,000$508,000$508,000
57$562,294$535,370$527,496$599,136
58$585,657$527,612$511,176$616,132
59$610,333$518,405$493,240$630,632
60$636,422$507,641$473,598$645,629
61$664,032$495,211$452,159$661,169
62$693,284$480,996$428,827$677,300
63$724,307$464,873$403,500$694,077
64$757,244$446,710$376,076$711,562
65$792,251$426,367$346,442$729,825
66$829,499$403,697$314,486$748,942
67$869,174$378,544$280,087$769,001
68$911,480$350,743$243,120$790,099
69$956,641$320,119$203,455$812,343
70$1,004,902$286,489$160,955$835,855
71$1,056,533$249,658$115,478$860,770
72$1,111,828$209,420$66,875$887,240
73$1,171,110$165,557$14,990$915,431
74$1,234,734$117,840$0$945,532
75$1,303,089$66,026$0$980,768
76$1,376,602$9,859$0$1,019,747
77$1,455,742$0$0$1,061,620
78$1,541,024$0$0$1,121,262
79$1,633,015$0$0$1,188,661
80$1,732,334$0$0$1,261,456
81$1,839,666$0$0$1,340,149
82$1,955,761$0$0$1,425,294
83$2,081,444$0$0$1,517,501
84$2,217,621$0$0$1,617,438
85$2,365,290$0$0$1,725,841
86$2,525,548$0$0$1,843,519
87$2,699,601$0$0$1,971,361
88$2,888,776$0$0$2,110,347
89$3,094,531$0$0$2,261,554
90$3,318,473$0$0$2,426,167
91$3,562,368$0$0$2,605,489
92$3,828,161$0$0$2,800,955
93$4,117,992$0$0$3,014,144
94$4,434,215$0$0$3,246,795
95$4,779,423$0$0$3,500,820
96$5,156,469$0$0$3,778,326
97$5,568,495$0$0$4,081,630
98$6,018,958$0$0$4,413,286
99$6,511,666$0$0$4,776,104
100$7,050,812$0$0$5,173,178