Can I retire at age 57 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$46,657$46,242$45,836$45,440$45,054$44,308
2 years$23,098$22,667$22,251$21,846$21,454$20,704
3 years$15,245$14,813$14,398$13,997$13,611$12,882
4 years$11,320$10,889$10,478$10,084$9,708$9,003
5 years$8,966$8,537$8,131$7,746$7,380$6,703
6 years$7,396$6,971$6,571$6,194$5,839$5,191
7 years$6,276$5,855$5,461$5,093$4,749$4,129
8 years$5,436$5,018$4,631$4,272$3,940$3,348
9 years$4,783$4,370$3,989$3,639$3,318$2,755
10 years$4,261$3,852$3,477$3,137$2,827$2,291
11 years$3,834$3,429$3,062$2,730$2,431$1,923
12 years$3,479$3,077$2,717$2,394$2,107$1,625
13 years$3,178$2,781$2,427$2,114$1,837$1,381
14 years$2,921$2,528$2,181$1,877$1,611$1,179
15 years$2,698$2,309$1,969$1,674$1,418$1,011
16 years$2,503$2,119$1,785$1,498$1,253$869
17 years$2,331$1,951$1,625$1,346$1,111$749
18 years$2,179$1,803$1,483$1,213$988$648
19 years$2,043$1,671$1,358$1,096$881$561
20 years$1,920$1,553$1,246$993$787$487
21 years$1,810$1,446$1,146$901$704$423
22 years$1,709$1,350$1,056$819$631$368
23 years$1,618$1,263$975$746$566$320
24 years$1,534$1,183$902$681$509$279
25 years$1,457$1,110$835$622$458$244
26 years$1,386$1,044$775$568$413$213
27 years$1,320$982$719$520$372$186
28 years$1,259$925$669$477$336$162
29 years$1,203$873$622$437$303$142
30 years$1,150$824$580$401$274$124
31 years$1,101$779$541$368$248$109
32 years$1,055$737$504$339$224$95
33 years$1,012$698$471$311$203$83
34 years$971$662$440$286$184$73
35 years$933$628$411$264$166$64
36 years$897$596$385$243$151$56
37 years$863$566$360$224$137$49
38 years$831$538$337$206$124$43
39 years$801$511$316$190$112$38
40 years$772$487$296$175$102$33
41 years$745$463$278$162$92$29
42 years$719$441$261$149$84$25
43 years$695$420$244$138$76$22
44 years$671$401$229$127$69$20
45 years$649$382$215$118$63$17
46 years$628$364$202$109$57$15
47 years$607$348$190$100$52$13
48 years$588$332$179$93$47$12
49 years$569$317$168$86$43$10
50 years$552$303$158$79$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $565,000, adding $5,716 every year, while hoping to spend $22,823 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: 81/12/7 Blend
56$565,000$565,000$565,000$565,000
57$628,526$598,581$589,824$678,519
58$668,352$603,628$585,299$717,119
59$711,476$608,157$579,858$755,858
60$758,209$612,120$573,446$797,679
61$808,895$615,462$566,005$842,879
62$863,911$618,129$557,475$891,782
63$923,673$620,060$547,794$944,749
64$988,638$621,193$536,895$1,002,173
65$1,059,308$621,460$524,710$1,064,490
66$1,136,235$620,790$511,166$1,132,179
67$1,220,029$619,107$496,188$1,205,768
68$1,311,359$616,330$479,696$1,285,840
69$1,410,961$612,373$461,610$1,373,035
70$1,519,646$607,147$441,841$1,468,060
71$1,638,308$600,555$420,301$1,571,693
72$1,767,928$592,495$396,894$1,684,790
73$1,909,589$582,860$371,522$1,808,299
74$2,064,482$571,534$344,082$1,943,258
75$2,233,916$558,397$314,467$2,090,817
76$2,419,338$543,320$282,563$2,252,240
77$2,622,335$526,168$248,254$2,428,919
78$2,844,659$506,796$211,416$2,622,392
79$3,088,238$485,053$171,923$2,834,351
80$3,355,195$460,777$129,639$3,066,660
81$3,647,868$433,798$84,425$3,321,376
82$3,968,833$403,937$36,135$3,600,765
83$4,320,926$371,001$0$3,907,323
84$4,707,271$334,791$0$4,244,954
85$5,131,310$295,094$0$4,618,494
86$5,596,834$251,684$0$5,028,599
87$6,108,019$204,324$0$5,478,965
88$6,669,464$152,763$0$5,973,666
89$7,286,238$96,737$0$6,517,193
90$7,963,921$35,964$0$7,114,494
91$8,708,664$0$0$7,771,020
92$9,527,243$0$0$8,496,723
93$10,427,121$0$0$9,299,736
94$11,416,521$0$0$10,182,651
95$12,504,504$0$0$11,153,556
96$13,701,052$0$0$12,221,360
97$15,017,162$0$0$13,395,879
98$16,464,951$0$0$14,687,929
99$18,057,769$0$0$16,109,426
100$19,810,327$0$0$17,673,502