Can I retire at age 57 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$42,941$42,559$42,185$41,821$41,466$40,122
2 years$21,258$20,862$20,478$20,106$19,745$18,405
3 years$14,031$13,634$13,251$12,882$12,527$11,231
4 years$10,419$10,022$9,643$9,281$8,935$7,693
5 years$8,251$7,857$7,484$7,129$6,792$5,608
6 years$6,807$6,416$6,048$5,701$5,374$4,249
7 years$5,776$5,388$5,026$4,687$4,371$3,305
8 years$5,003$4,619$4,262$3,932$3,626$2,618
9 years$4,402$4,021$3,671$3,349$3,054$2,102
10 years$3,922$3,545$3,201$2,887$2,602$1,706
11 years$3,529$3,156$2,818$2,512$2,238$1,395
12 years$3,202$2,832$2,501$2,204$1,939$1,149
13 years$2,925$2,560$2,234$1,946$1,691$950
14 years$2,688$2,327$2,007$1,727$1,482$790
15 years$2,483$2,125$1,812$1,540$1,305$658
16 years$2,304$1,950$1,643$1,379$1,153$550
17 years$2,146$1,796$1,495$1,239$1,023$461
18 years$2,005$1,660$1,365$1,117$909$387
19 years$1,880$1,538$1,250$1,009$811$325
20 years$1,767$1,429$1,147$914$724$274
21 years$1,665$1,331$1,055$829$648$231
22 years$1,573$1,243$972$754$581$194
23 years$1,489$1,162$898$687$521$164
24 years$1,412$1,089$830$626$469$139
25 years$1,341$1,022$769$572$422$117
26 years$1,275$960$713$523$380$99
27 years$1,215$904$662$479$342$84
28 years$1,159$852$616$439$309$71
29 years$1,107$804$573$402$279$60
30 years$1,058$759$534$369$252$51
31 years$1,013$717$497$339$228$43
32 years$971$679$464$312$206$36
33 years$931$643$433$287$187$31
34 years$894$609$405$264$169$26
35 years$859$578$379$243$153$22
36 years$826$548$354$224$139$19
37 years$795$521$331$206$126$16
38 years$765$495$310$190$114$13
39 years$737$471$291$175$103$11
40 years$711$448$273$161$94$10
41 years$686$426$256$149$85$8
42 years$662$406$240$137$77$7
43 years$639$387$225$127$70$6
44 years$618$369$211$117$64$5
45 years$597$352$198$108$58$4
46 years$578$335$186$100$52$4
47 years$559$320$175$92$48$3
48 years$541$306$164$85$43$3
49 years$524$292$155$79$39$2
50 years$508$279$145$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $520,000, adding $2,051 every year, while hoping to spend $21,636 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: 57/32/11 Blend
56$520,000$520,000$520,000$520,000
57$575,156$547,596$539,536$606,268
58$610,801$551,407$534,590$631,324
59$649,357$554,681$528,753$656,034
60$691,098$557,366$521,972$682,442
61$736,324$559,412$514,193$710,712
62$785,368$560,762$505,357$741,029
63$838,594$561,357$495,405$773,594
64$896,402$561,135$484,272$808,631
65$959,233$560,028$471,893$846,387
66$1,027,571$557,967$458,198$887,134
67$1,101,951$554,874$443,115$931,174
68$1,182,959$550,672$426,568$978,841
69$1,271,240$545,275$408,478$1,030,502
70$1,367,507$538,594$388,762$1,086,566
71$1,472,540$530,533$367,334$1,147,481
72$1,587,202$520,991$344,102$1,213,745
73$1,712,440$509,863$318,973$1,285,907
74$1,849,298$497,035$291,847$1,364,572
75$1,998,924$482,387$262,622$1,450,411
76$2,162,583$465,793$231,188$1,544,163
77$2,341,668$447,119$197,435$1,646,646
78$2,537,712$426,222$161,243$1,758,761
79$2,752,405$402,953$122,491$1,881,506
80$2,987,606$377,153$81,050$2,015,981
81$3,245,362$348,654$36,785$2,163,401
82$3,527,929$317,279$0$2,325,106
83$3,837,793$282,839$0$2,503,806
84$4,177,687$245,138$0$2,704,595
85$4,550,627$203,966$0$2,924,974
86$4,959,931$159,100$0$3,166,953
87$5,409,256$110,308$0$3,432,751
88$5,902,630$57,343$0$3,724,815
89$6,444,489$0$0$4,045,844
90$7,039,721$0$0$4,398,836
91$7,693,711$0$0$4,808,905
92$8,412,389$0$0$5,259,586
93$9,202,292$0$0$5,754,981
94$10,070,617$0$0$6,299,612
95$11,025,297$0$0$6,898,461
96$12,075,069$0$0$7,557,016
97$13,229,562$0$0$8,281,323
98$14,499,383$0$0$9,078,044
99$15,896,218$0$0$9,954,520
100$17,432,944$0$0$10,918,837