Can I retire at age 57 with 533,000?

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 $533,000?

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$44,015$43,623$43,240$42,867$42,502$42,270
2 years$21,789$21,384$20,990$20,609$20,239$20,005
3 years$14,382$13,974$13,582$13,204$12,841$12,611
4 years$10,679$10,273$9,884$9,513$9,158$8,936
5 years$8,458$8,054$7,671$7,307$6,962$6,747
6 years$6,977$6,577$6,199$5,843$5,509$5,302
7 years$5,920$5,523$5,151$4,804$4,480$4,281
8 years$5,128$4,734$4,369$4,030$3,717$3,525
9 years$4,512$4,122$3,763$3,433$3,130$2,947
10 years$4,020$3,633$3,281$2,959$2,667$2,492
11 years$3,617$3,235$2,888$2,575$2,294$2,126
12 years$3,282$2,903$2,563$2,259$1,988$1,828
13 years$2,998$2,624$2,290$1,994$1,733$1,581
14 years$2,755$2,385$2,058$1,770$1,519$1,374
15 years$2,545$2,179$1,858$1,579$1,338$1,199
16 years$2,361$1,999$1,684$1,414$1,182$1,051
17 years$2,199$1,841$1,533$1,270$1,048$924
18 years$2,056$1,701$1,399$1,145$932$814
19 years$1,927$1,576$1,281$1,034$831$719
20 years$1,811$1,465$1,175$937$742$636
21 years$1,707$1,365$1,081$850$664$564
22 years$1,612$1,274$996$773$595$501
23 years$1,526$1,191$920$704$534$445
24 years$1,447$1,116$851$642$480$396
25 years$1,374$1,047$788$586$432$353
26 years$1,307$984$731$536$389$315
27 years$1,245$926$679$491$351$281
28 years$1,188$873$631$450$317$251
29 years$1,135$824$587$412$286$224
30 years$1,085$778$547$378$258$200
31 years$1,039$735$510$348$234$179
32 years$995$696$476$319$211$161
33 years$955$659$444$294$191$144
34 years$916$624$415$270$173$129
35 years$880$592$388$249$157$115
36 years$847$562$363$229$142$103
37 years$815$534$340$211$129$93
38 years$784$507$318$195$117$83
39 years$756$483$298$179$106$75
40 years$729$459$279$165$96$67
41 years$703$437$262$153$87$60
42 years$679$416$246$141$79$54
43 years$655$397$231$130$72$48
44 years$633$378$216$120$65$43
45 years$612$360$203$111$59$39
46 years$592$344$191$102$54$35
47 years$573$328$179$95$49$31
48 years$555$313$169$87$44$28
49 years$537$299$158$81$40$25
50 years$520$286$149$75$37$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $533,000, adding $3,319 every year, while hoping to spend $44,010 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: 48/26/26 Blend
56$533,000$533,000$533,000$533,000
57$590,790$562,541$554,279$614,631
58$604,224$543,279$526,021$612,428
59$617,553$521,598$495,341$605,426
60$630,721$497,334$462,113$596,951
61$643,662$470,311$426,201$586,887
62$656,305$440,345$387,468$575,108
63$668,567$407,241$345,767$561,477
64$680,357$370,792$300,947$545,850
65$691,574$330,781$252,848$528,071
66$702,101$286,976$201,306$507,972
67$711,812$239,135$146,147$485,372
68$720,564$187,000$87,189$460,076
69$728,197$130,298$24,246$431,877
70$734,534$68,743$0$400,549
71$739,377$2,032$0$377,759
72$742,507$0$0$359,288
73$743,679$0$0$358,254
74$742,621$0$0$356,588
75$739,033$0$0$353,549
76$732,580$0$0$348,958
77$722,891$0$0$342,619
78$709,555$0$0$334,312
79$692,116$0$0$323,796
80$670,069$0$0$310,801
81$642,854$0$0$295,031
82$609,854$0$0$276,157
83$570,382$0$0$253,816
84$523,682$0$0$227,605
85$468,915$0$0$197,079
86$405,153$0$0$161,746
87$331,373$0$0$121,063
88$246,441$0$0$74,430
89$149,106$0$0$21,182
90$37,986$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0