Can I retire at age 57 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$45,666$45,259$44,863$44,475$44,097$43,782
2 years$22,607$22,186$21,778$21,382$20,999$20,681
3 years$14,922$14,499$14,092$13,700$13,322$13,012
4 years$11,080$10,658$10,255$9,870$9,502$9,201
5 years$8,775$8,356$7,958$7,581$7,223$6,933
6 years$7,239$6,823$6,432$6,063$5,715$5,436
7 years$6,143$5,730$5,345$4,984$4,648$4,380
8 years$5,321$4,912$4,533$4,181$3,856$3,599
9 years$4,681$4,277$3,904$3,562$3,247$3,001
10 years$4,171$3,770$3,404$3,070$2,767$2,531
11 years$3,753$3,356$2,997$2,672$2,380$2,155
12 years$3,405$3,012$2,659$2,344$2,062$1,848
13 years$3,111$2,722$2,376$2,069$1,798$1,594
14 years$2,859$2,474$2,135$1,837$1,576$1,382
15 years$2,641$2,260$1,927$1,638$1,388$1,203
16 years$2,450$2,074$1,747$1,467$1,227$1,051
17 years$2,282$1,910$1,590$1,318$1,088$921
18 years$2,133$1,765$1,452$1,188$967$810
19 years$1,999$1,636$1,329$1,073$862$713
20 years$1,879$1,520$1,220$972$770$629
21 years$1,771$1,416$1,122$882$689$556
22 years$1,673$1,322$1,034$802$618$492
23 years$1,583$1,236$955$730$554$436
24 years$1,501$1,158$883$666$498$387
25 years$1,426$1,087$818$608$448$344
26 years$1,356$1,021$758$556$404$306
27 years$1,292$961$704$509$364$272
28 years$1,233$906$655$466$329$242
29 years$1,177$854$609$428$297$216
30 years$1,126$807$567$393$268$192
31 years$1,078$763$529$361$242$171
32 years$1,033$722$494$331$219$153
33 years$990$684$461$305$198$137
34 years$951$648$431$280$180$122
35 years$913$615$403$258$163$109
36 years$878$583$377$238$147$97
37 years$845$554$353$219$134$87
38 years$814$526$330$202$121$78
39 years$784$501$309$186$110$69
40 years$756$476$290$172$100$62
41 years$729$453$272$158$90$55
42 years$704$432$255$146$82$50
43 years$680$411$239$135$74$44
44 years$657$392$225$125$68$40
45 years$635$374$211$115$61$35
46 years$614$357$198$106$56$32
47 years$594$340$186$98$51$28
48 years$575$325$175$91$46$25
49 years$557$310$164$84$42$23
50 years$540$296$155$78$38$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $553,000, adding $3,260 every year, while hoping to spend $52,969 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: 59/12/29 Blend
56$553,000$553,000$553,000$553,000
57$612,769$583,460$574,888$643,904
58$618,912$555,691$537,788$637,809
59$623,908$524,786$497,670$625,277
60$627,581$490,535$454,377$610,517
61$629,740$452,717$407,745$593,327
62$630,171$411,098$357,602$573,487
63$628,637$365,429$303,769$550,758
64$624,872$315,450$246,060$524,880
65$618,586$260,884$184,280$495,570
66$609,452$201,437$118,224$462,517
67$597,112$136,803$47,679$425,387
68$581,165$66,655$0$383,811
69$561,172$0$0$345,933
70$536,642$0$0$320,309
71$507,034$0$0$300,158
72$471,750$0$0$276,287
73$430,126$0$0$248,265
74$381,429$0$0$215,615
75$324,849$0$0$177,808
76$259,491$0$0$134,261
77$184,363$0$0$84,329
78$98,372$0$0$27,300
79$309$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0