Can I retire at age 57 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$44,923$44,523$44,132$43,751$43,379$43,160
2 years$22,239$21,825$21,424$21,034$20,657$20,436
3 years$14,679$14,263$13,862$13,477$13,106$12,889
4 years$10,899$10,485$10,088$9,709$9,347$9,137
5 years$8,632$8,220$7,829$7,458$7,105$6,903
6 years$7,121$6,712$6,327$5,964$5,622$5,427
7 years$6,043$5,637$5,258$4,903$4,572$4,385
8 years$5,234$4,832$4,459$4,113$3,793$3,613
9 years$4,605$4,207$3,841$3,504$3,194$3,022
10 years$4,103$3,708$3,348$3,020$2,722$2,556
11 years$3,692$3,301$2,948$2,628$2,341$2,183
12 years$3,349$2,963$2,616$2,305$2,029$1,877
13 years$3,060$2,678$2,337$2,035$1,769$1,625
14 years$2,812$2,434$2,100$1,807$1,551$1,413
15 years$2,598$2,224$1,896$1,611$1,365$1,235
16 years$2,410$2,040$1,719$1,443$1,207$1,082
17 years$2,245$1,879$1,564$1,296$1,070$952
18 years$2,098$1,736$1,428$1,168$951$839
19 years$1,967$1,609$1,307$1,056$848$742
20 years$1,849$1,495$1,200$956$757$657
21 years$1,742$1,393$1,104$868$678$583
22 years$1,646$1,300$1,017$789$608$518
23 years$1,557$1,216$939$718$545$461
24 years$1,477$1,139$868$655$490$410
25 years$1,403$1,069$804$598$441$366
26 years$1,334$1,005$746$547$397$327
27 years$1,271$946$693$501$358$292
28 years$1,212$891$644$459$323$261
29 years$1,158$841$599$421$292$233
30 years$1,107$794$558$386$264$209
31 years$1,060$750$520$355$238$187
32 years$1,016$710$486$326$216$167
33 years$974$672$453$300$195$150
34 years$935$637$424$276$177$134
35 years$899$605$396$254$160$121
36 years$864$574$370$234$145$108
37 years$831$545$347$215$131$97
38 years$801$518$325$199$119$87
39 years$771$492$304$183$108$78
40 years$744$469$285$169$98$70
41 years$718$446$267$156$89$63
42 years$693$425$251$144$81$57
43 years$669$405$235$133$73$51
44 years$646$386$221$123$66$46
45 years$625$368$207$113$60$41
46 years$604$351$195$105$55$37
47 years$585$335$183$97$50$33
48 years$566$320$172$89$45$30
49 years$548$305$162$82$41$27
50 years$531$292$152$76$37$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $544,000, adding $4,863 every year, while hoping to spend $31,653 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: 70/12/18 Blend
56$544,000$544,000$544,000$544,000
57$604,504$575,672$567,240$643,886
58$632,485$570,202$552,564$665,275
59$662,259$563,402$536,336$684,456
60$693,976$555,175$518,469$704,655
61$727,799$545,416$498,875$725,966
62$763,908$534,015$477,461$748,498
63$802,498$520,854$454,128$772,370
64$843,787$505,809$428,775$797,713
65$888,008$488,749$401,294$824,672
66$935,423$469,535$371,575$853,410
67$986,314$448,020$339,501$884,106
68$1,040,993$424,049$304,949$916,957
69$1,099,803$397,456$267,794$952,184
70$1,163,119$368,068$227,902$990,030
71$1,231,355$335,700$185,134$1,030,765
72$1,304,963$300,159$139,345$1,074,686
73$1,384,441$261,239$90,385$1,122,125
74$1,470,337$218,722$38,096$1,173,446
75$1,563,251$172,380$0$1,229,054
76$1,663,846$121,969$0$1,292,798
77$1,772,847$67,235$0$1,369,801
78$1,891,054$7,906$0$1,453,321
79$2,019,345$0$0$1,544,000
80$2,158,687$0$0$1,649,979
81$2,310,143$0$0$1,766,333
82$2,474,883$0$0$1,892,918
83$2,654,193$0$0$2,030,727
84$2,849,489$0$0$2,180,852
85$3,062,329$0$0$2,344,494
86$3,294,428$0$0$2,522,975
87$3,547,673$0$0$2,717,750
88$3,824,141$0$0$2,930,421
89$4,126,119$0$0$3,162,752
90$4,456,123$0$0$3,416,683
91$4,816,927$0$0$3,694,353
92$5,211,580$0$0$3,998,113
93$5,643,442$0$0$4,330,556
94$6,116,214$0$0$4,694,534
95$6,633,968$0$0$5,093,188
96$7,201,190$0$0$5,529,980
97$7,822,822$0$0$6,008,719
98$8,504,305$0$0$6,533,601
99$9,251,630$0$0$7,109,250
100$10,071,399$0$0$7,740,755