Can I retire at age 57 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$44,675$44,277$43,889$43,510$43,140$42,460
2 years$22,116$21,705$21,305$20,918$20,543$19,860
3 years$14,598$14,184$13,786$13,403$13,033$12,368
4 years$10,839$10,427$10,033$9,656$9,295$8,653
5 years$8,585$8,175$7,786$7,417$7,066$6,449
6 years$7,082$6,675$6,292$5,931$5,591$5,000
7 years$6,009$5,606$5,229$4,876$4,547$3,981
8 years$5,205$4,805$4,434$4,091$3,772$3,232
9 years$4,580$4,184$3,819$3,484$3,177$2,662
10 years$4,080$3,688$3,330$3,003$2,707$2,217
11 years$3,671$3,283$2,931$2,614$2,328$1,863
12 years$3,331$2,947$2,602$2,293$2,017$1,576
13 years$3,043$2,663$2,324$2,024$1,759$1,341
14 years$2,797$2,421$2,088$1,797$1,542$1,147
15 years$2,583$2,211$1,886$1,602$1,358$984
16 years$2,397$2,029$1,710$1,435$1,200$848
17 years$2,232$1,868$1,556$1,289$1,064$732
18 years$2,086$1,727$1,420$1,162$946$634
19 years$1,956$1,600$1,300$1,050$843$550
20 years$1,839$1,487$1,193$951$753$478
21 years$1,733$1,385$1,097$863$674$416
22 years$1,637$1,293$1,011$785$604$362
23 years$1,549$1,209$934$715$542$316
24 years$1,469$1,133$864$652$487$276
25 years$1,395$1,063$800$595$439$241
26 years$1,327$999$742$544$395$211
27 years$1,264$940$689$498$356$184
28 years$1,206$886$640$456$321$161
29 years$1,152$836$596$419$290$141
30 years$1,101$789$555$384$262$124
31 years$1,054$746$518$353$237$108
32 years$1,010$706$483$324$214$95
33 years$969$669$451$298$194$83
34 years$930$634$421$274$176$73
35 years$894$601$394$253$159$64
36 years$859$571$368$233$144$56
37 years$827$542$345$214$131$49
38 years$796$515$323$197$119$43
39 years$767$490$303$182$107$38
40 years$740$466$284$168$97$33
41 years$714$444$266$155$88$29
42 years$689$422$249$143$80$26
43 years$665$402$234$132$73$23
44 years$643$384$220$122$66$20
45 years$621$366$206$113$60$17
46 years$601$349$194$104$54$15
47 years$582$333$182$96$49$13
48 years$563$318$171$89$45$12
49 years$545$304$161$82$41$10
50 years$528$290$151$76$37$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $541,000, adding $5,501 every year, while hoping to spend $26,991 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: 38/48/14 Blend
56$541,000$541,000$541,000$541,000
57$601,856$573,183$564,798$621,983
58$634,527$572,551$555,000$636,232
59$669,626$570,983$543,970$648,605
60$707,372$568,405$531,637$661,392
61$748,006$564,739$517,928$674,642
62$791,791$559,900$502,768$688,414
63$839,018$553,799$486,075$702,772
64$890,006$546,344$467,767$717,792
65$945,106$537,433$447,755$733,556
66$1,004,701$526,962$425,950$750,160
67$1,069,216$514,818$402,254$767,711
68$1,139,115$500,884$376,569$786,329
69$1,214,911$485,033$348,790$806,152
70$1,297,165$467,133$318,808$827,330
71$1,386,497$447,043$286,509$850,038
72$1,483,587$424,616$251,774$874,467
73$1,589,183$399,692$214,479$900,835
74$1,704,110$372,107$174,494$929,383
75$1,829,273$341,685$131,684$960,383
76$1,965,671$308,239$85,907$994,140
77$2,114,400$271,573$37,016$1,030,991
78$2,276,668$231,480$0$1,071,317
79$2,453,806$187,741$0$1,117,806
80$2,647,277$140,123$0$1,174,712
81$2,858,692$88,382$0$1,237,053
82$3,089,826$32,259$0$1,305,440
83$3,342,631$0$0$1,380,554
84$3,619,257$0$0$1,478,214
85$3,922,074$0$0$1,603,844
86$4,253,687$0$0$1,741,495
87$4,616,970$0$0$1,892,370
88$5,015,083$0$0$2,057,792
89$5,451,511$0$0$2,239,217
90$5,930,088$0$0$2,438,251
91$6,455,040$0$0$2,656,661
92$7,031,019$0$0$2,896,395
93$7,663,151$0$0$3,159,597
94$8,357,082$0$0$3,448,631
95$9,119,032$0$0$3,766,099
96$9,955,850$0$0$4,114,869
97$10,875,084$0$0$4,498,098
98$11,885,048$0$0$4,919,268
99$12,994,900$0$0$5,382,212
100$14,214,731$0$0$5,891,153