Can I retire at age 57 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$46,244$45,832$45,430$45,038$44,655$43,487
2 years$22,893$22,467$22,054$21,653$21,264$20,096
3 years$15,111$14,682$14,270$13,873$13,491$12,358
4 years$11,220$10,793$10,385$9,995$9,622$8,534
5 years$8,886$8,462$8,059$7,677$7,314$6,274
6 years$7,331$6,910$6,513$6,139$5,788$4,795
7 years$6,220$5,803$5,412$5,048$4,707$3,763
8 years$5,388$4,974$4,590$4,234$3,905$3,009
9 years$4,741$4,331$3,953$3,607$3,288$2,440
10 years$4,223$3,817$3,447$3,109$2,802$2,000
11 years$3,800$3,398$3,034$2,706$2,410$1,653
12 years$3,448$3,050$2,693$2,373$2,088$1,375
13 years$3,150$2,757$2,406$2,095$1,821$1,150
14 years$2,895$2,506$2,162$1,860$1,596$966
15 years$2,674$2,289$1,952$1,659$1,405$814
16 years$2,481$2,100$1,770$1,485$1,242$689
17 years$2,311$1,934$1,610$1,334$1,101$584
18 years$2,160$1,787$1,470$1,203$979$496
19 years$2,025$1,656$1,346$1,087$873$422
20 years$1,903$1,539$1,235$984$780$359
21 years$1,794$1,434$1,136$893$698$307
22 years$1,694$1,338$1,047$812$625$262
23 years$1,603$1,252$967$740$561$224
24 years$1,520$1,173$894$675$505$191
25 years$1,444$1,101$828$616$454$164
26 years$1,373$1,034$768$563$409$140
27 years$1,308$973$713$516$369$120
28 years$1,248$917$663$472$333$103
29 years$1,192$865$617$433$300$88
30 years$1,140$817$575$398$271$76
31 years$1,091$773$536$365$245$65
32 years$1,046$731$500$336$222$56
33 years$1,003$692$467$309$201$48
34 years$963$656$436$284$182$41
35 years$925$622$408$261$165$35
36 years$889$591$381$241$149$30
37 years$856$561$357$222$135$26
38 years$824$533$334$204$123$22
39 years$794$507$313$188$111$19
40 years$766$482$294$174$101$16
41 years$739$459$275$160$92$14
42 years$713$437$258$148$83$12
43 years$689$417$242$137$75$10
44 years$665$397$227$126$68$9
45 years$643$379$214$117$62$8
46 years$622$361$201$108$56$7
47 years$602$345$188$99$51$6
48 years$583$329$177$92$47$5
49 years$564$314$166$85$42$4
50 years$547$300$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $560,000, adding $6,088 every year, while hoping to spend $30,083 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: 28/50/22 Blend
56$560,000$560,000$560,000$560,000
57$623,400$593,720$585,040$636,403
58$654,978$590,804$572,631$644,110
59$688,770$586,737$558,797$649,319
60$724,968$581,431$543,461$654,281
61$763,786$574,792$526,537$658,994
62$805,456$566,721$507,941$663,457
63$850,236$557,113$487,580$667,674
64$898,405$545,857$465,359$671,653
65$950,274$532,835$441,180$675,403
66$1,006,180$517,922$414,938$678,940
67$1,066,496$500,987$386,524$682,287
68$1,131,632$481,888$355,826$685,469
69$1,202,037$460,479$322,724$688,520
70$1,278,205$436,603$287,096$691,484
71$1,360,679$410,094$248,811$694,412
72$1,450,057$380,777$207,735$697,366
73$1,546,995$348,467$163,726$700,418
74$1,652,214$312,968$116,637$703,656
75$1,766,511$274,074$66,315$707,181
76$1,890,757$231,566$12,598$711,113
77$2,025,914$185,213$0$715,588
78$2,173,040$134,771$0$731,265
79$2,333,298$79,982$0$751,664
80$2,507,968$20,575$0$774,079
81$2,698,460$0$0$798,792
82$2,906,325$0$0$850,187
83$3,133,269$0$0$918,746
84$3,381,172$0$0$993,725
85$3,652,103$0$0$1,075,762
86$3,948,340$0$0$1,165,558
87$4,272,390$0$0$1,263,886
88$4,627,015$0$0$1,371,595
89$5,015,255$0$0$1,489,623
90$5,440,458$0$0$1,619,000
91$5,906,312$0$0$1,760,863
92$6,416,878$0$0$1,916,463
93$6,976,627$0$0$2,087,178
94$7,590,485$0$0$2,274,526
95$8,263,877$0$0$2,480,179
96$9,002,779$0$0$2,705,978
97$9,813,772$0$0$2,953,953
98$10,704,107$0$0$3,226,338
99$11,681,770$0$0$3,525,595
100$12,755,559$0$0$3,854,437