Can I retire at age 57 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$46,575$46,160$45,755$45,360$44,974$44,486
2 years$23,057$22,627$22,211$21,808$21,416$20,925
3 years$15,218$14,787$14,372$13,972$13,587$13,108
4 years$11,300$10,870$10,459$10,066$9,691$9,227
5 years$8,950$8,522$8,117$7,732$7,367$6,920
6 years$7,383$6,959$6,560$6,183$5,829$5,399
7 years$6,265$5,844$5,451$5,084$4,741$4,329
8 years$5,426$5,010$4,623$4,265$3,933$3,538
9 years$4,775$4,362$3,982$3,632$3,312$2,935
10 years$4,253$3,845$3,471$3,131$2,822$2,462
11 years$3,827$3,423$3,056$2,725$2,427$2,084
12 years$3,473$3,072$2,712$2,390$2,103$1,777
13 years$3,173$2,776$2,423$2,110$1,834$1,524
14 years$2,916$2,524$2,177$1,873$1,608$1,314
15 years$2,693$2,305$1,966$1,671$1,416$1,137
16 years$2,499$2,115$1,782$1,496$1,251$987
17 years$2,327$1,948$1,622$1,344$1,109$860
18 years$2,175$1,800$1,480$1,211$986$751
19 years$2,039$1,668$1,355$1,094$879$657
20 years$1,917$1,550$1,244$991$785$576
21 years$1,806$1,444$1,144$900$703$506
22 years$1,706$1,348$1,054$818$630$445
23 years$1,615$1,261$974$745$565$391
24 years$1,531$1,181$900$679$508$345
25 years$1,454$1,108$834$620$457$304
26 years$1,383$1,042$773$567$412$268
27 years$1,318$980$718$519$371$237
28 years$1,257$924$668$476$335$210
29 years$1,201$871$621$436$303$185
30 years$1,148$823$579$400$273$164
31 years$1,099$778$540$368$247$145
32 years$1,053$736$503$338$224$129
33 years$1,010$697$470$311$202$114
34 years$970$661$439$286$183$101
35 years$932$627$411$263$166$89
36 years$896$595$384$242$150$79
37 years$862$565$360$223$136$70
38 years$830$537$337$206$124$62
39 years$800$511$315$190$112$55
40 years$771$486$296$175$102$49
41 years$744$462$277$162$92$44
42 years$718$440$260$149$84$39
43 years$693$420$244$138$76$34
44 years$670$400$229$127$69$30
45 years$648$381$215$117$63$27
46 years$627$364$202$108$57$24
47 years$606$347$190$100$52$21
48 years$587$331$178$93$47$19
49 years$568$317$168$86$43$17
50 years$551$302$158$79$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $564,000, adding $3,468 every year, while hoping to spend $25,110 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: 46/43/11 Blend
56$564,000$564,000$564,000$564,000
57$625,105$595,213$586,471$651,778
58$662,149$597,662$579,401$673,028
59$702,130$599,389$571,253$693,208
60$745,321$600,332$561,963$714,534
61$792,021$600,427$551,467$737,121
62$842,562$599,602$539,696$761,097
63$897,305$597,784$526,577$786,604
64$956,649$594,895$512,036$813,801
65$1,021,032$590,850$495,995$842,863
66$1,090,937$585,561$478,370$873,985
67$1,166,894$578,934$459,076$907,383
68$1,249,486$570,871$438,024$943,300
69$1,339,354$561,264$415,119$982,001
70$1,437,205$550,003$390,262$1,023,783
71$1,543,816$536,969$363,352$1,068,976
72$1,660,042$522,038$334,281$1,117,943
73$1,786,824$505,075$302,937$1,171,089
74$1,925,197$485,941$269,203$1,228,864
75$2,076,302$464,487$232,956$1,291,763
76$2,241,394$440,556$194,069$1,360,339
77$2,421,855$413,982$152,409$1,435,200
78$2,619,206$384,588$107,836$1,517,024
79$2,835,121$352,189$60,205$1,606,559
80$3,071,446$316,589$9,364$1,704,634
81$3,330,211$277,579$0$1,812,168
82$3,613,652$234,940$0$1,935,444
83$3,924,233$188,441$0$2,071,835
84$4,264,665$137,835$0$2,221,503
85$4,637,937$82,865$0$2,385,848
86$5,047,338$23,257$0$2,566,412
87$5,496,493$0$0$2,764,904
88$5,989,392$0$0$3,002,740
89$6,530,434$0$0$3,275,953
90$7,124,460$0$0$3,575,991
91$7,776,807$0$0$3,905,560
92$8,493,352$0$0$4,267,635
93$9,280,568$0$0$4,665,500
94$10,145,588$0$0$5,102,767
95$11,096,270$0$0$5,583,420
96$12,141,270$0$0$6,111,844
97$13,290,126$0$0$6,692,873
98$14,553,343$0$0$7,331,833
99$15,942,500$0$0$8,034,589
100$17,470,348$0$0$8,807,606