Can I retire at age 57 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$45,831$45,423$45,025$44,636$44,256$42,568
2 years$22,689$22,266$21,857$21,460$21,075$19,393
3 years$14,976$14,551$14,143$13,749$13,371$11,749
4 years$11,120$10,697$10,292$9,906$9,536$7,987
5 years$8,807$8,386$7,987$7,609$7,249$5,777
6 years$7,265$6,848$6,455$6,085$5,736$4,341
7 years$6,165$5,751$5,364$5,002$4,665$3,347
8 years$5,340$4,930$4,549$4,196$3,870$2,628
9 years$4,698$4,292$3,918$3,574$3,259$2,091
10 years$4,186$3,783$3,416$3,081$2,777$1,681
11 years$3,766$3,368$3,007$2,682$2,388$1,362
12 years$3,417$3,023$2,669$2,352$2,070$1,110
13 years$3,122$2,732$2,385$2,077$1,805$909
14 years$2,869$2,483$2,143$1,843$1,582$747
15 years$2,650$2,268$1,934$1,644$1,393$616
16 years$2,459$2,081$1,754$1,472$1,231$509
17 years$2,290$1,917$1,596$1,323$1,092$422
18 years$2,140$1,771$1,457$1,192$971$350
19 years$2,007$1,642$1,334$1,077$865$291
20 years$1,886$1,525$1,224$975$773$242
21 years$1,778$1,421$1,126$885$691$202
22 years$1,679$1,326$1,038$805$620$168
23 years$1,589$1,240$958$733$556$140
24 years$1,507$1,162$886$669$500$117
25 years$1,431$1,091$821$611$450$98
26 years$1,361$1,025$761$558$405$82
27 years$1,297$965$707$511$365$68
28 years$1,237$909$657$468$330$57
29 years$1,181$858$611$429$298$48
30 years$1,130$810$570$394$269$40
31 years$1,081$766$531$362$243$33
32 years$1,036$724$495$333$220$28
33 years$994$686$463$306$199$23
34 years$954$650$432$281$180$19
35 years$917$617$404$259$163$16
36 years$881$585$378$239$148$14
37 years$848$556$354$220$134$11
38 years$817$528$331$203$122$10
39 years$787$502$310$187$110$8
40 years$759$478$291$172$100$7
41 years$732$455$273$159$91$6
42 years$707$433$256$147$82$5
43 years$682$413$240$135$75$4
44 years$659$394$225$125$68$3
45 years$637$375$212$115$62$3
46 years$617$358$199$107$56$2
47 years$597$342$187$99$51$2
48 years$578$326$175$91$46$2
49 years$559$311$165$84$42$1
50 years$542$298$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $555,000, adding $2,358 every year, while hoping to spend $28,713 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: 37/49/14 Blend
56$555,000$555,000$555,000$555,000
57$614,042$584,627$576,025$634,057
58$646,124$582,724$564,771$646,723
59$680,516$579,764$552,178$657,467
60$717,423$575,667$538,171$668,449
61$757,071$570,346$522,670$679,704
62$799,707$563,707$505,594$691,276
63$845,602$555,654$486,857$703,211
64$895,055$546,082$466,368$715,565
65$948,393$534,882$444,033$728,402
66$1,005,975$521,938$419,755$741,793
67$1,068,198$507,126$393,430$755,824
68$1,135,495$490,316$364,951$770,587
69$1,208,344$471,371$334,205$786,191
70$1,287,270$450,143$301,076$802,757
71$1,372,851$426,479$265,441$820,425
72$1,465,720$400,215$227,172$839,350
73$1,566,577$371,178$186,135$859,709
74$1,676,188$339,187$142,191$881,702
75$1,795,399$304,047$95,195$905,552
76$1,925,140$265,555$44,993$931,512
77$2,066,432$223,495$0$959,864
78$2,220,401$177,639$0$992,209
79$2,388,285$127,747$0$1,034,877
80$2,571,448$73,564$0$1,081,565
81$2,771,390$14,823$0$1,132,747
82$2,989,761$0$0$1,188,950
83$3,228,381$0$0$1,277,052
84$3,489,251$0$0$1,382,181
85$3,774,574$0$0$1,497,242
86$4,086,776$0$0$1,623,223
87$4,428,530$0$0$1,761,212
88$4,802,777$0$0$1,912,406
89$5,212,757$0$0$2,078,126
90$5,662,038$0$0$2,259,825
91$6,154,550$0$0$2,459,105
92$6,694,620$0$0$2,677,727
93$7,287,014$0$0$2,917,633
94$7,936,984$0$0$3,180,964
95$8,650,311$0$0$3,470,076
96$9,433,366$0$0$3,787,563
97$10,293,165$0$0$4,136,285
98$11,237,439$0$0$4,519,393
99$12,274,700$0$0$4,940,355
100$13,414,330$0$0$5,402,995