Can I retire at age 57 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$45,253$44,850$44,457$44,073$43,698$42,659
2 years$22,403$21,985$21,581$21,189$20,809$19,768
3 years$14,787$14,368$13,964$13,576$13,202$12,192
4 years$10,980$10,562$10,162$9,781$9,416$8,444
5 years$8,696$8,281$7,887$7,513$7,158$6,228
6 years$7,174$6,762$6,373$6,008$5,664$4,776
7 years$6,087$5,678$5,296$4,939$4,606$3,761
8 years$5,272$4,867$4,492$4,144$3,821$3,018
9 years$4,639$4,238$3,869$3,529$3,218$2,456
10 years$4,133$3,736$3,373$3,042$2,742$2,020
11 years$3,719$3,326$2,969$2,648$2,358$1,676
12 years$3,374$2,985$2,635$2,322$2,043$1,400
13 years$3,083$2,697$2,354$2,050$1,782$1,176
14 years$2,833$2,452$2,115$1,820$1,562$992
15 years$2,617$2,240$1,910$1,623$1,375$840
16 years$2,428$2,055$1,732$1,453$1,216$713
17 years$2,261$1,893$1,576$1,306$1,078$607
18 years$2,113$1,749$1,438$1,177$958$518
19 years$1,981$1,621$1,317$1,063$854$442
20 years$1,862$1,506$1,209$963$763$379
21 years$1,755$1,403$1,112$874$683$324
22 years$1,658$1,310$1,025$795$612$278
23 years$1,569$1,225$946$724$549$239
24 years$1,488$1,148$875$660$494$205
25 years$1,413$1,077$810$603$444$177
26 years$1,344$1,012$752$551$400$152
27 years$1,280$953$698$505$361$131
28 years$1,221$898$649$462$326$113
29 years$1,167$847$604$424$294$97
30 years$1,115$800$562$389$266$84
31 years$1,068$756$524$357$240$72
32 years$1,023$715$489$328$217$62
33 years$981$677$457$302$197$54
34 years$942$642$427$278$178$46
35 years$905$609$399$256$161$40
36 years$870$578$373$236$146$34
37 years$837$549$349$217$132$30
38 years$806$522$327$200$120$26
39 years$777$496$306$184$109$22
40 years$749$472$287$170$99$19
41 years$723$449$269$157$90$17
42 years$698$428$253$145$81$14
43 years$674$408$237$134$74$12
44 years$651$389$223$123$67$11
45 years$629$371$209$114$61$9
46 years$609$354$196$105$55$8
47 years$589$337$184$97$50$7
48 years$570$322$173$90$46$6
49 years$552$308$163$83$41$5
50 years$535$294$153$77$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $548,000, adding $2,927 every year, while hoping to spend $23,645 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: 57/37/6 Blend
56$548,000$548,000$548,000$548,000
57$606,915$577,871$569,377$640,588
58$643,662$581,029$563,293$666,724
59$683,365$583,549$556,213$692,264
60$726,301$585,374$548,078$719,502
61$772,772$586,447$538,828$748,601
62$823,114$586,702$528,397$779,743
63$877,693$586,072$516,720$813,128
64$936,915$584,486$503,727$848,978
65$1,001,222$581,868$489,344$887,539
66$1,071,104$578,136$473,494$929,081
67$1,147,098$573,207$456,098$973,903
68$1,229,796$566,988$437,071$1,022,337
69$1,319,849$559,383$416,326$1,074,750
70$1,417,972$550,292$393,772$1,131,545
71$1,524,954$539,605$369,312$1,193,170
72$1,641,662$527,209$342,847$1,260,119
73$1,769,051$512,981$314,272$1,332,939
74$1,908,172$496,795$283,478$1,412,233
75$2,060,181$478,514$250,350$1,498,669
76$2,226,353$457,995$214,770$1,592,982
77$2,408,089$435,085$176,613$1,695,989
78$2,606,934$409,623$135,750$1,808,587
79$2,824,588$381,441$92,043$1,931,770
80$3,062,922$350,358$45,353$2,066,637
81$3,323,998$316,184$0$2,214,399
82$3,610,087$278,718$0$2,376,681
83$3,923,689$237,748$0$2,557,792
84$4,267,557$193,050$0$2,756,469
85$4,644,725$144,386$0$2,974,524
86$5,058,533$91,507$0$3,213,959
87$5,512,662$34,149$0$3,476,984
88$6,011,163$0$0$3,766,034
89$6,558,502$0$0$4,095,189
90$7,159,596$0$0$4,471,990
91$7,819,865$0$0$4,885,936
92$8,545,275$0$0$5,340,775
93$9,342,403$0$0$5,840,637
94$10,218,491$0$0$6,390,070
95$11,181,520$0$0$6,994,087
96$12,240,281$0$0$7,658,209
97$13,404,460$0$0$8,388,519
98$14,684,730$0$0$9,191,720
99$16,092,847$0$0$10,075,195
100$17,641,765$0$0$11,047,082