Can I retire at age 57 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$42,859$42,477$42,104$41,741$41,386$40,517
2 years$21,217$20,822$20,439$20,068$19,708$18,836
3 years$14,004$13,607$13,225$12,858$12,503$11,657
4 years$10,398$10,003$9,625$9,263$8,917$8,102
5 years$8,236$7,842$7,469$7,115$6,779$5,997
6 years$6,794$6,404$6,036$5,690$5,364$4,617
7 years$5,765$5,378$5,016$4,678$4,362$3,650
8 years$4,993$4,610$4,254$3,924$3,619$2,941
9 years$4,394$4,014$3,664$3,343$3,048$2,403
10 years$3,914$3,538$3,194$2,881$2,597$1,986
11 years$3,522$3,150$2,812$2,508$2,233$1,655
12 years$3,196$2,827$2,496$2,200$1,935$1,388
13 years$2,919$2,555$2,230$1,942$1,688$1,171
14 years$2,683$2,322$2,004$1,724$1,479$993
15 years$2,478$2,121$1,809$1,537$1,303$845
16 years$2,299$1,946$1,640$1,376$1,151$721
17 years$2,142$1,792$1,492$1,237$1,021$617
18 years$2,002$1,656$1,362$1,115$908$529
19 years$1,876$1,535$1,247$1,007$809$454
20 years$1,764$1,426$1,145$912$723$391
21 years$1,662$1,329$1,053$828$647$337
22 years$1,570$1,240$970$753$580$290
23 years$1,486$1,160$896$685$520$251
24 years$1,409$1,087$829$625$468$217
25 years$1,338$1,020$767$571$421$187
26 years$1,273$959$712$522$379$162
27 years$1,213$902$661$478$342$140
28 years$1,157$850$614$438$308$122
29 years$1,105$802$572$401$278$105
30 years$1,056$757$533$368$252$91
31 years$1,011$716$497$338$227$79
32 years$969$677$463$311$206$69
33 years$929$642$433$286$186$60
34 years$892$608$404$263$169$52
35 years$857$577$378$242$153$45
36 years$824$547$353$223$138$39
37 years$793$520$331$206$125$34
38 years$764$494$310$189$114$29
39 years$736$470$290$175$103$25
40 years$710$447$272$161$94$22
41 years$685$426$255$149$85$19
42 years$661$405$239$137$77$17
43 years$638$386$225$127$70$15
44 years$617$368$211$117$63$13
45 years$596$351$198$108$58$11
46 years$577$335$186$100$52$10
47 years$558$320$175$92$47$8
48 years$540$305$164$85$43$7
49 years$523$291$154$79$39$6
50 years$507$278$145$73$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $519,000, adding $4,526 every year, while hoping to spend $27,820 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: 34/46/20 Blend
56$519,000$519,000$519,000$519,000
57$576,607$549,100$541,055$592,543
58$605,820$546,405$529,580$602,007
59$637,081$542,646$516,788$609,322
60$670,569$537,742$502,606$616,632
61$706,480$531,604$486,957$623,955
62$745,032$524,143$469,760$631,310
63$786,459$515,261$450,932$638,722
64$831,024$504,854$430,384$646,220
65$879,011$492,815$408,024$653,840
66$930,735$479,027$383,757$661,625
67$986,539$463,368$357,483$669,623
68$1,046,802$445,710$329,095$677,893
69$1,111,941$425,915$298,485$686,501
70$1,182,413$403,839$265,537$695,526
71$1,258,720$379,327$230,134$705,058
72$1,341,415$352,220$192,149$715,199
73$1,431,105$322,345$151,452$726,068
74$1,528,459$289,521$107,907$737,800
75$1,634,212$253,557$61,371$750,549
76$1,749,171$214,252$11,697$764,489
77$1,874,227$171,391$0$779,818
78$2,010,358$124,748$0$805,578
79$2,158,641$74,087$0$836,443
80$2,320,260$19,155$0$870,236
81$2,496,519$0$0$907,318
82$2,688,854$0$0$968,496
83$2,898,845$0$0$1,045,948
84$3,128,229$0$0$1,130,628
85$3,378,923$0$0$1,223,252
86$3,653,034$0$0$1,324,609
87$3,952,881$0$0$1,435,566
88$4,281,021$0$0$1,557,080
89$4,640,268$0$0$1,690,204
90$5,033,718$0$0$1,836,098
91$5,464,785$0$0$1,996,037
92$5,937,227$0$0$2,171,429
93$6,455,180$0$0$2,363,822
94$7,023,205$0$0$2,574,923
95$7,646,320$0$0$2,806,611
96$8,330,055$0$0$3,060,956
97$9,080,502$0$0$3,340,239
98$9,904,368$0$0$3,646,971
99$10,809,046$0$0$3,983,919
100$11,802,674$0$0$4,354,133