Can I retire at age 57 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$42,776$42,395$42,023$41,660$41,306$41,080
2 years$21,176$20,782$20,400$20,029$19,670$19,442
3 years$13,977$13,581$13,200$12,833$12,479$12,256
4 years$10,378$9,984$9,606$9,245$8,900$8,684
5 years$8,220$7,827$7,455$7,101$6,766$6,557
6 years$6,781$6,392$6,025$5,679$5,354$5,152
7 years$5,754$5,368$5,006$4,669$4,354$4,160
8 years$4,984$4,601$4,246$3,917$3,612$3,426
9 years$4,385$4,006$3,657$3,336$3,042$2,864
10 years$3,907$3,531$3,188$2,876$2,592$2,421
11 years$3,515$3,144$2,807$2,503$2,229$2,066
12 years$3,189$2,821$2,491$2,195$1,932$1,776
13 years$2,914$2,550$2,226$1,938$1,684$1,536
14 years$2,678$2,318$2,000$1,720$1,477$1,335
15 years$2,474$2,117$1,805$1,534$1,300$1,166
16 years$2,295$1,943$1,637$1,374$1,149$1,021
17 years$2,138$1,789$1,490$1,234$1,019$898
18 years$1,998$1,653$1,360$1,112$906$791
19 years$1,873$1,532$1,245$1,005$807$699
20 years$1,761$1,424$1,142$910$721$618
21 years$1,659$1,326$1,051$826$645$548
22 years$1,567$1,238$968$751$578$487
23 years$1,483$1,158$894$684$519$433
24 years$1,406$1,085$827$624$467$385
25 years$1,335$1,018$766$570$420$343
26 years$1,270$957$710$521$378$306
27 years$1,210$900$660$477$341$273
28 years$1,155$848$613$437$308$244
29 years$1,103$800$571$401$278$218
30 years$1,054$756$532$368$251$195
31 years$1,009$715$496$338$227$174
32 years$967$676$462$310$205$156
33 years$928$640$432$285$186$140
34 years$891$607$403$263$168$125
35 years$856$576$377$242$152$112
36 years$823$546$353$223$138$101
37 years$792$519$330$205$125$90
38 years$762$493$309$189$113$81
39 years$735$469$290$174$103$72
40 years$708$446$272$161$93$65
41 years$683$425$255$148$85$58
42 years$659$404$239$137$77$52
43 years$637$385$224$126$70$47
44 years$615$367$210$117$63$42
45 years$595$350$198$108$57$38
46 years$575$334$186$100$52$34
47 years$557$319$174$92$47$30
48 years$539$304$164$85$43$27
49 years$522$291$154$79$39$25
50 years$506$278$145$73$35$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $518,000, adding $3,093 every year, while hoping to spend $26,972 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: 32/43/25 Blend
56$518,000$518,000$518,000$518,000
57$574,026$546,572$538,543$587,915
58$603,879$544,656$527,887$596,805
59$635,873$541,743$515,969$603,749
60$670,197$537,754$502,719$610,689
61$707,061$532,607$488,064$617,640
62$746,693$526,217$471,926$624,625
63$789,344$518,489$454,224$631,670
64$835,290$509,328$434,873$638,805
65$884,833$498,629$413,785$646,069
66$938,306$486,282$390,867$653,505
67$996,076$472,172$366,023$661,165
68$1,058,542$456,175$339,152$669,109
69$1,126,148$438,162$310,147$677,407
70$1,199,378$417,995$278,900$686,139
71$1,278,765$395,528$245,294$695,399
72$1,364,897$370,607$209,210$705,292
73$1,458,420$343,069$170,521$715,941
74$1,560,042$312,743$129,097$727,484
75$1,670,545$279,446$84,800$740,079
76$1,790,787$242,985$37,488$753,906
77$1,921,714$203,159$0$769,168
78$2,064,367$159,751$0$789,563
79$2,219,889$112,535$0$822,778
80$2,389,540$61,272$0$859,141
81$2,574,707$5,709$0$899,024
82$2,776,917$0$0$942,846
83$2,997,849$0$0$1,016,822
84$3,239,353$0$0$1,100,716
85$3,503,466$0$0$1,192,542
86$3,792,430$0$0$1,293,090
87$4,108,714$0$0$1,403,230
88$4,455,037$0$0$1,523,918
89$4,834,392$0$0$1,656,210
90$5,250,078$0$0$1,801,267
91$5,705,725$0$0$1,960,368
92$6,205,332$0$0$2,134,921
93$6,753,304$0$0$2,326,478
94$7,354,492$0$0$2,536,748
95$8,014,241$0$0$2,767,615
96$8,738,436$0$0$3,021,151
97$9,533,562$0$0$3,299,643
98$10,406,761$0$0$3,605,606
99$11,365,900$0$0$3,941,813
100$12,419,647$0$0$4,311,319