Can I retire at age 57 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$45,006$44,605$44,214$43,832$43,459$42,271
2 years$22,280$21,865$21,463$21,073$20,695$19,507
3 years$14,706$14,289$13,888$13,502$13,130$11,979
4 years$10,919$10,504$10,107$9,727$9,364$8,259
5 years$8,648$8,235$7,843$7,471$7,118$6,062
6 years$7,135$6,725$6,339$5,975$5,633$4,626
7 years$6,054$5,647$5,267$4,912$4,581$3,624
8 years$5,244$4,841$4,467$4,121$3,800$2,893
9 years$4,614$4,215$3,848$3,510$3,200$2,342
10 years$4,110$3,715$3,354$3,026$2,727$1,916
11 years$3,698$3,307$2,953$2,633$2,345$1,580
12 years$3,356$2,969$2,621$2,310$2,032$1,312
13 years$3,066$2,683$2,342$2,039$1,772$1,095
14 years$2,817$2,438$2,104$1,810$1,553$918
15 years$2,602$2,228$1,900$1,614$1,368$772
16 years$2,415$2,044$1,722$1,445$1,209$652
17 years$2,249$1,882$1,567$1,299$1,072$551
18 years$2,102$1,739$1,431$1,170$953$467
19 years$1,970$1,612$1,310$1,058$849$396
20 years$1,852$1,498$1,202$958$759$337
21 years$1,746$1,395$1,106$869$679$287
22 years$1,649$1,302$1,019$790$609$244
23 years$1,560$1,218$941$720$546$208
24 years$1,479$1,141$870$657$491$178
25 years$1,405$1,071$806$600$442$152
26 years$1,337$1,007$747$548$398$130
27 years$1,273$947$694$502$359$111
28 years$1,215$893$645$460$324$95
29 years$1,160$842$600$422$292$81
30 years$1,109$795$559$387$264$69
31 years$1,062$752$521$355$239$59
32 years$1,018$711$486$327$216$51
33 years$976$674$454$300$196$43
34 years$937$639$424$276$177$37
35 years$900$606$397$254$160$32
36 years$866$575$371$234$145$27
37 years$833$546$347$216$132$23
38 years$802$519$325$199$119$20
39 years$773$493$305$183$108$17
40 years$745$469$286$169$98$15
41 years$719$447$268$156$89$13
42 years$694$426$251$144$81$11
43 years$670$405$236$133$73$9
44 years$648$386$221$123$67$8
45 years$626$369$208$113$60$7
46 years$605$352$195$105$55$6
47 years$586$336$183$97$50$5
48 years$567$320$172$89$45$4
49 years$549$306$162$83$41$4
50 years$532$292$152$76$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $545,000, adding $2,614 every year, while hoping to spend $30,478 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: 56/33/11 Blend
56$545,000$545,000$545,000$545,000
57$603,286$574,401$565,954$635,273
58$632,393$570,119$552,485$652,926
59$663,447$564,605$537,543$668,561
60$696,616$557,767$521,048$684,869
61$732,080$549,507$502,912$701,917
62$770,041$539,721$483,048$719,784
63$810,717$528,300$461,363$738,556
64$854,349$515,126$437,757$758,330
65$901,202$500,076$412,131$779,215
66$951,564$483,019$384,377$801,333
67$1,005,754$463,818$354,384$824,819
68$1,064,121$442,325$322,036$849,825
69$1,127,049$418,386$287,212$876,520
70$1,194,958$391,837$249,784$905,093
71$1,268,312$362,506$209,620$935,756
72$1,347,620$330,208$166,582$968,743
73$1,433,440$294,751$120,525$1,004,315
74$1,526,387$255,930$71,299$1,042,765
75$1,627,136$213,529$18,746$1,084,416
76$1,736,432$167,319$0$1,129,630
77$1,855,091$117,060$0$1,183,190
78$1,984,011$62,498$0$1,243,794
79$2,124,182$3,362$0$1,309,755
80$2,276,691$0$0$1,381,647
81$2,442,735$0$0$1,482,122
82$2,623,630$0$0$1,592,958
83$2,820,827$0$0$1,713,829
84$3,035,920$0$0$1,845,718
85$3,270,664$0$0$1,989,707
86$3,526,993$0$0$2,146,989
87$3,807,033$0$0$2,318,875
88$4,113,125$0$0$2,506,810
89$4,447,849$0$0$2,712,383
90$4,814,044$0$0$2,937,346
91$5,214,834$0$0$3,183,626
92$5,653,662$0$0$3,453,348
93$6,134,319$0$0$3,748,848
94$6,660,978$0$0$4,072,701
95$7,238,236$0$0$4,427,745
96$7,871,157$0$0$4,817,101
97$8,565,316$0$0$5,244,209
98$9,326,855$0$0$5,712,859
99$10,162,540$0$0$6,227,225
100$11,079,821$0$0$6,791,902