Can I retire at age 57 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$44,593$44,195$43,808$43,430$43,060$41,968
2 years$22,076$21,664$21,266$20,880$20,505$19,412
3 years$14,571$14,158$13,761$13,378$13,009$11,949
4 years$10,819$10,408$10,014$9,638$9,278$8,259
5 years$8,569$8,160$7,771$7,403$7,053$6,078
6 years$7,069$6,663$6,280$5,920$5,581$4,651
7 years$5,998$5,596$5,219$4,867$4,539$3,654
8 years$5,195$4,796$4,426$4,083$3,765$2,926
9 years$4,571$4,176$3,812$3,478$3,171$2,375
10 years$4,072$3,681$3,324$2,998$2,702$1,949
11 years$3,665$3,277$2,926$2,609$2,324$1,613
12 years$3,325$2,941$2,597$2,289$2,014$1,344
13 years$3,038$2,658$2,320$2,020$1,756$1,125
14 years$2,792$2,416$2,085$1,794$1,539$947
15 years$2,579$2,207$1,882$1,599$1,355$799
16 years$2,392$2,025$1,706$1,432$1,198$677
17 years$2,228$1,865$1,553$1,287$1,062$574
18 years$2,083$1,723$1,417$1,160$944$488
19 years$1,952$1,597$1,298$1,048$842$416
20 years$1,835$1,484$1,191$949$752$355
21 years$1,730$1,382$1,095$861$673$303
22 years$1,633$1,290$1,010$783$603$260
23 years$1,546$1,207$932$713$541$222
24 years$1,466$1,131$862$650$487$190
25 years$1,392$1,061$798$594$438$163
26 years$1,324$997$741$543$394$140
27 years$1,262$939$688$497$356$120
28 years$1,204$884$639$456$321$103
29 years$1,150$834$595$418$290$89
30 years$1,099$788$554$383$262$76
31 years$1,052$745$517$352$237$65
32 years$1,008$705$482$324$214$56
33 years$967$668$450$298$194$48
34 years$928$633$420$274$175$42
35 years$892$600$393$252$159$36
36 years$858$570$368$232$144$31
37 years$825$541$344$214$130$26
38 years$795$514$322$197$118$23
39 years$766$489$302$182$107$20
40 years$738$465$283$168$97$17
41 years$712$443$265$155$88$14
42 years$687$422$249$143$80$12
43 years$664$402$234$132$73$11
44 years$642$383$219$122$66$9
45 years$620$365$206$112$60$8
46 years$600$348$193$104$54$7
47 years$581$332$182$96$49$6
48 years$562$317$171$89$45$5
49 years$544$303$160$82$41$4
50 years$527$289$151$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $540,000, adding $2,303 every year, while hoping to spend $31,092 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: 64/31/5 Blend
56$540,000$540,000$540,000$540,000
57$597,456$568,836$560,466$635,120
58$625,314$563,627$546,159$655,248
59$654,973$557,121$530,332$673,317
60$686,581$549,221$512,900$692,229
61$720,305$539,826$493,774$712,061
62$756,325$528,826$472,865$732,902
63$794,840$516,108$450,075$754,849
64$836,066$501,549$425,305$778,010
65$880,242$485,022$398,450$802,508
66$927,629$466,391$369,400$828,475
67$978,514$445,511$338,042$856,063
68$1,033,211$422,230$304,256$885,437
69$1,092,067$396,388$267,917$916,782
70$1,155,461$367,814$228,894$950,304
71$1,223,808$336,327$187,053$986,231
72$1,297,568$301,738$142,250$1,024,817
73$1,377,242$263,846$94,338$1,066,344
74$1,463,384$222,437$43,162$1,111,124
75$1,556,601$177,288$0$1,159,505
76$1,657,560$128,161$0$1,212,482
77$1,766,996$74,806$0$1,272,370
78$1,885,716$16,958$0$1,337,347
79$2,014,608$0$0$1,407,947
80$2,154,648$0$0$1,500,340
81$2,306,910$0$0$1,607,120
82$2,472,576$0$0$1,723,335
83$2,652,947$0$0$1,849,900
84$2,849,453$0$0$1,987,825
85$3,063,669$0$0$2,138,219
86$3,297,327$0$0$2,302,304
87$3,552,334$0$0$2,481,424
88$3,830,791$0$0$2,677,059
89$4,135,009$0$0$2,890,839
90$4,467,531$0$0$3,124,557
91$4,831,159$0$0$3,380,188
92$5,228,977$0$0$3,659,906
93$5,664,381$0$0$3,966,106
94$6,141,111$0$0$4,301,425
95$6,663,285$0$0$4,668,766
96$7,235,438$0$0$5,071,326
97$7,862,564$0$0$5,512,628
98$8,550,164$0$0$5,996,549
99$9,304,296$0$0$6,527,361
100$10,131,633$0$0$7,109,770