Can I retire at age 57 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$45,088$44,687$44,295$43,912$43,539$42,027
2 years$22,321$21,905$21,502$21,112$20,733$19,226
3 years$14,733$14,315$13,913$13,526$13,154$11,698
4 years$10,939$10,523$10,125$9,745$9,381$7,989
5 years$8,664$8,250$7,858$7,485$7,132$5,805
6 years$7,148$6,737$6,350$5,986$5,643$4,384
7 years$6,065$5,658$5,277$4,921$4,589$3,398
8 years$5,253$4,850$4,475$4,128$3,807$2,682
9 years$4,622$4,223$3,855$3,516$3,206$2,146
10 years$4,118$3,722$3,361$3,031$2,732$1,735
11 years$3,705$3,313$2,959$2,638$2,349$1,414
12 years$3,362$2,974$2,626$2,314$2,036$1,159
13 years$3,071$2,688$2,346$2,043$1,775$955
14 years$2,823$2,443$2,108$1,813$1,556$790
15 years$2,607$2,232$1,903$1,617$1,370$656
16 years$2,419$2,048$1,725$1,448$1,211$546
17 years$2,253$1,886$1,570$1,301$1,074$455
18 years$2,106$1,742$1,433$1,173$955$380
19 years$1,974$1,615$1,312$1,059$851$318
20 years$1,856$1,501$1,204$960$760$267
21 years$1,749$1,398$1,108$871$680$224
22 years$1,652$1,305$1,021$792$610$188
23 years$1,563$1,220$943$721$547$158
24 years$1,482$1,143$872$658$492$133
25 years$1,408$1,073$807$601$443$111
26 years$1,339$1,008$749$549$399$94
27 years$1,276$949$695$503$360$79
28 years$1,217$894$646$461$324$66
29 years$1,162$844$602$422$293$56
30 years$1,111$797$560$388$265$47
31 years$1,064$753$522$356$239$40
32 years$1,019$713$487$327$216$33
33 years$978$675$455$301$196$28
34 years$939$640$425$277$177$24
35 years$902$607$397$255$161$20
36 years$867$576$372$235$146$17
37 years$834$547$348$216$132$14
38 years$803$520$326$199$120$12
39 years$774$494$305$184$108$10
40 years$746$470$286$170$98$9
41 years$720$448$268$156$89$7
42 years$695$426$252$144$81$6
43 years$671$406$236$133$73$5
44 years$649$387$222$123$67$4
45 years$627$369$208$114$61$4
46 years$607$352$196$105$55$3
47 years$587$336$184$97$50$3
48 years$568$321$173$90$45$2
49 years$550$306$162$83$41$2
50 years$533$293$153$77$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $546,000, adding $5,827 every year, while hoping to spend $24,577 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: 30/48/22 Blend
56$546,000$546,000$546,000$546,000
57$607,703$578,765$570,302$621,626
58$643,538$580,974$563,257$634,962
59$682,206$582,469$555,153$646,705
60$723,968$583,186$545,927$658,828
61$769,113$583,063$535,516$671,378
62$817,959$582,029$523,852$684,409
63$870,855$580,013$510,865$697,986
64$928,184$576,935$496,481$712,178
65$990,368$572,715$480,623$727,066
66$1,057,872$567,265$463,210$742,743
67$1,131,206$560,491$444,159$759,309
68$1,210,931$552,297$423,380$776,883
69$1,297,664$542,578$400,782$795,594
70$1,392,086$531,224$376,268$815,591
71$1,494,944$518,119$349,737$837,038
72$1,607,060$503,139$321,086$860,122
73$1,729,341$486,154$290,203$885,052
74$1,862,782$467,024$256,973$912,061
75$2,008,482$445,604$221,278$941,411
76$2,167,647$421,739$182,991$973,395
77$2,341,608$395,265$141,982$1,008,340
78$2,531,828$366,009$98,114$1,046,613
79$2,739,919$333,787$51,245$1,088,621
80$2,967,655$298,407$1,226$1,134,820
81$3,216,990$259,664$0$1,185,718
82$3,490,077$217,341$0$1,254,124
83$3,789,284$171,210$0$1,329,526
84$4,117,222$121,030$0$1,412,379
85$4,476,765$66,547$0$1,503,505
86$4,871,078$7,491$0$1,603,813
87$5,303,648$0$0$1,714,314
88$5,778,315$0$0$1,865,927
89$6,299,310$0$0$2,036,769
90$6,871,292$0$0$2,224,425
91$7,499,394$0$0$2,430,587
92$8,189,270$0$0$2,657,126
93$8,947,149$0$0$2,906,098
94$9,779,892$0$0$3,179,770
95$10,695,060$0$0$3,480,641
96$11,700,980$0$0$3,811,461
97$12,806,827$0$0$4,175,262
98$14,022,709$0$0$4,575,384
99$15,359,763$0$0$5,015,508
100$16,830,259$0$0$5,499,687