Can I retire at age 57 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$42,693$42,313$41,942$41,580$41,226$40,460
2 years$21,135$20,742$20,360$19,990$19,632$18,863
3 years$13,950$13,555$13,174$12,808$12,455$11,707
4 years$10,358$9,964$9,588$9,227$8,883$8,162
5 years$8,204$7,812$7,440$7,088$6,753$6,061
6 years$6,768$6,379$6,013$5,668$5,343$4,681
7 years$5,743$5,357$4,997$4,660$4,345$3,713
8 years$4,974$4,592$4,238$3,909$3,605$3,002
9 years$4,377$3,998$3,650$3,330$3,036$2,462
10 years$3,899$3,524$3,182$2,870$2,587$2,042
11 years$3,508$3,137$2,801$2,498$2,225$1,708
12 years$3,183$2,816$2,486$2,191$1,928$1,439
13 years$2,908$2,545$2,221$1,934$1,681$1,219
14 years$2,673$2,313$1,996$1,717$1,474$1,037
15 years$2,469$2,113$1,802$1,531$1,298$886
16 years$2,291$1,939$1,634$1,371$1,147$759
17 years$2,133$1,786$1,487$1,232$1,017$652
18 years$1,994$1,650$1,357$1,110$904$562
19 years$1,869$1,529$1,242$1,003$806$485
20 years$1,757$1,421$1,140$909$720$419
21 years$1,656$1,324$1,049$825$644$363
22 years$1,564$1,235$967$750$577$314
23 years$1,480$1,156$892$683$518$273
24 years$1,403$1,083$825$623$466$237
25 years$1,333$1,016$764$569$419$206
26 years$1,268$955$709$520$378$179
27 years$1,208$899$658$476$340$156
28 years$1,152$847$612$436$307$135
29 years$1,101$799$570$400$277$118
30 years$1,052$754$531$367$251$103
31 years$1,007$713$495$337$227$90
32 years$965$675$461$310$205$78
33 years$926$639$431$285$185$68
34 years$889$606$403$262$168$59
35 years$854$574$376$241$152$52
36 years$821$545$352$222$138$45
37 years$790$518$330$205$125$39
38 years$761$492$309$189$113$34
39 years$733$468$289$174$103$30
40 years$707$445$271$161$93$26
41 years$682$424$254$148$85$23
42 years$658$404$238$137$77$20
43 years$636$385$224$126$70$17
44 years$614$367$210$116$63$15
45 years$594$350$197$108$57$13
46 years$574$334$185$99$52$12
47 years$556$318$174$92$47$10
48 years$538$304$163$85$43$9
49 years$521$290$154$78$39$8
50 years$505$277$144$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $517,000, adding $3,963 every year, while hoping to spend $40,944 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: 70/12/18 Blend
56$517,000$517,000$517,000$517,000
57$573,822$546,421$538,407$611,249
58$588,788$529,631$512,880$619,901
59$603,908$510,647$485,125$624,126
60$619,154$489,317$455,025$627,721
61$634,496$465,481$422,456$630,618
62$649,897$438,972$387,290$632,744
63$665,314$409,610$349,393$634,021
64$680,703$377,207$308,624$634,362
65$696,007$341,563$264,836$633,673
66$711,168$302,468$217,876$631,853
67$726,117$259,698$167,584$628,791
68$740,776$213,019$113,793$624,367
69$755,059$162,180$56,330$618,452
70$768,869$106,921$0$610,902
71$782,096$46,963$0$602,524
72$794,619$0$0$603,797
73$806,301$0$0$606,123
74$816,989$0$0$613,868
75$826,514$0$0$620,700
76$834,685$0$0$626,472
77$841,291$0$0$631,020
78$846,098$0$0$634,162
79$848,843$0$0$635,696
80$849,236$0$0$635,398
81$846,954$0$0$633,017
82$841,639$0$0$628,276
83$832,893$0$0$620,869
84$820,275$0$0$610,455
85$803,297$0$0$596,655
86$781,416$0$0$579,052
87$754,034$0$0$557,181
88$720,485$0$0$530,531
89$680,035$0$0$498,532
90$631,870$0$0$460,557
91$575,089$0$0$415,910
92$508,699$0$0$363,824
93$431,597$0$0$303,447
94$342,568$0$0$233,841
95$240,267$0$0$153,968
96$123,208$0$0$62,681
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0