Can I retire at age 57 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$43,849$43,459$43,078$42,706$42,343$41,658
2 years$21,708$21,303$20,912$20,532$20,163$19,476
3 years$14,328$13,922$13,531$13,155$12,792$12,123
4 years$10,639$10,234$9,847$9,477$9,124$8,478
5 years$8,426$8,024$7,642$7,279$6,936$6,315
6 years$6,951$6,552$6,176$5,821$5,488$4,893
7 years$5,898$5,502$5,132$4,786$4,463$3,894
8 years$5,109$4,716$4,352$4,015$3,703$3,160
9 years$4,495$4,107$3,749$3,420$3,118$2,601
10 years$4,005$3,620$3,268$2,948$2,657$2,165
11 years$3,603$3,222$2,877$2,566$2,285$1,818
12 years$3,269$2,892$2,554$2,250$1,980$1,537
13 years$2,987$2,614$2,281$1,987$1,727$1,307
14 years$2,745$2,376$2,050$1,764$1,514$1,117
15 years$2,536$2,170$1,851$1,573$1,333$958
16 years$2,353$1,991$1,678$1,408$1,178$824
17 years$2,191$1,834$1,527$1,265$1,044$711
18 years$2,048$1,695$1,394$1,140$929$615
19 years$1,920$1,571$1,276$1,030$828$533
20 years$1,805$1,459$1,171$933$739$463
21 years$1,701$1,359$1,077$847$662$403
22 years$1,606$1,269$993$770$593$351
23 years$1,520$1,187$917$701$532$305
24 years$1,441$1,112$848$640$478$266
25 years$1,369$1,044$785$584$431$233
26 years$1,302$981$728$534$388$203
27 years$1,241$923$676$489$350$178
28 years$1,183$870$629$448$315$155
29 years$1,130$821$585$411$285$136
30 years$1,081$775$545$377$257$119
31 years$1,035$733$508$346$233$104
32 years$991$693$474$318$211$91
33 years$951$656$443$293$191$80
34 years$913$622$413$269$172$70
35 years$877$590$387$248$156$62
36 years$843$560$362$228$142$54
37 years$812$532$338$210$128$47
38 years$781$506$317$194$116$41
39 years$753$481$297$179$105$36
40 years$726$457$278$165$96$32
41 years$700$435$261$152$87$28
42 years$676$415$245$140$79$25
43 years$653$395$230$130$71$22
44 years$631$377$216$120$65$19
45 years$610$359$202$110$59$17
46 years$590$343$190$102$53$15
47 years$571$327$179$94$49$13
48 years$553$312$168$87$44$11
49 years$535$298$158$81$40$10
50 years$518$285$148$74$36$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $531,000, adding $2,239 every year, while hoping to spend $23,271 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: 68/24/8 Blend
56$531,000$531,000$531,000$531,000
57$587,472$559,329$551,098$626,415
58$622,633$561,975$544,800$655,178
59$660,602$563,972$537,510$683,596
60$701,639$565,262$529,172$714,050
61$746,031$565,786$519,725$746,736
62$794,096$565,479$509,105$781,871
63$846,181$564,274$497,247$819,691
64$902,667$562,099$484,081$860,459
65$963,975$558,878$469,534$904,466
66$1,030,568$554,530$453,530$952,032
67$1,102,953$548,970$435,991$1,003,509
68$1,181,691$542,106$416,834$1,059,286
69$1,267,397$533,842$395,971$1,119,794
70$1,360,747$524,077$373,312$1,185,507
71$1,462,488$512,701$348,762$1,256,948
72$1,573,439$499,600$322,223$1,334,696
73$1,694,503$484,654$293,590$1,419,387
74$1,826,673$467,733$262,757$1,511,725
75$1,971,044$448,702$229,609$1,612,487
76$2,128,820$427,417$194,030$1,722,527
77$2,301,325$403,726$155,896$1,842,793
78$2,490,020$377,469$115,078$1,974,325
79$2,696,511$348,474$71,442$2,118,276
80$2,922,569$316,563$24,849$2,275,914
81$3,170,141$281,545$0$2,448,639
82$3,441,374$243,219$0$2,640,119
83$3,738,631$201,374$0$2,852,339
84$4,064,515$155,785$0$3,085,067
85$4,421,892$106,215$0$3,340,394
86$4,813,920$52,414$0$3,620,620
87$5,244,075$0$0$3,928,287
88$5,716,190$0$0$4,267,748
89$6,234,482$0$0$4,655,640
90$6,803,600$0$0$5,081,603
91$7,428,664$0$0$5,549,474
92$8,115,315$0$0$6,063,478
93$8,869,765$0$0$6,628,272
94$9,698,859$0$0$7,248,983
95$10,610,139$0$0$7,931,263
96$11,611,912$0$0$8,681,336
97$12,713,332$0$0$9,506,061
98$13,924,482$0$0$10,412,993
99$15,256,473$0$0$11,410,458
100$16,721,545$0$0$12,507,627