Can I retire at age 57 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$46,822$46,405$45,998$45,601$45,213$44,985
2 years$23,179$22,748$22,329$21,924$21,530$21,300
3 years$15,299$14,866$14,449$14,047$13,660$13,434
4 years$11,360$10,928$10,515$10,120$9,742$9,524
5 years$8,997$8,568$8,160$7,773$7,406$7,195
6 years$7,423$6,996$6,594$6,216$5,860$5,656
7 years$6,298$5,875$5,480$5,111$4,766$4,570
8 years$5,455$5,036$4,647$4,287$3,954$3,766
9 years$4,800$4,385$4,003$3,652$3,330$3,149
10 years$4,276$3,865$3,490$3,148$2,837$2,664
11 years$3,848$3,441$3,072$2,740$2,440$2,275
12 years$3,491$3,088$2,727$2,403$2,114$1,957
13 years$3,189$2,791$2,436$2,121$1,844$1,693
14 years$2,931$2,537$2,189$1,883$1,616$1,473
15 years$2,708$2,318$1,976$1,679$1,423$1,287
16 years$2,512$2,126$1,792$1,504$1,258$1,128
17 years$2,340$1,958$1,630$1,351$1,115$992
18 years$2,187$1,809$1,488$1,218$992$875
19 years$2,050$1,677$1,363$1,100$884$773
20 years$1,927$1,558$1,250$996$789$685
21 years$1,816$1,452$1,150$904$706$607
22 years$1,715$1,355$1,060$822$633$540
23 years$1,623$1,267$979$749$568$480
24 years$1,539$1,187$905$683$511$428
25 years$1,462$1,114$838$624$460$381
26 years$1,391$1,047$778$570$414$340
27 years$1,325$986$722$522$373$304
28 years$1,264$929$671$478$337$272
29 years$1,207$876$625$439$304$243
30 years$1,154$827$582$403$275$218
31 years$1,105$782$542$370$249$195
32 years$1,059$740$506$340$225$174
33 years$1,015$701$473$312$203$156
34 years$975$664$442$287$184$140
35 years$937$630$413$265$167$126
36 years$901$598$386$244$151$113
37 years$867$568$361$225$137$101
38 years$834$540$338$207$124$91
39 years$804$513$317$191$113$82
40 years$775$488$297$176$102$73
41 years$748$465$279$162$93$66
42 years$722$443$261$150$84$59
43 years$697$422$245$138$76$53
44 years$674$402$230$128$69$48
45 years$651$383$216$118$63$43
46 years$630$366$203$109$57$38
47 years$610$349$191$101$52$35
48 years$590$333$179$93$47$31
49 years$571$318$169$86$43$28
50 years$554$304$158$79$39$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $567,000, adding $4,623 every year, while hoping to spend $45,705 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: 37/38/25 Blend
56$567,000$567,000$567,000$567,000
57$629,603$599,552$590,763$648,037
58$645,192$580,300$561,924$642,725
59$660,840$558,573$530,587$632,447
60$676,504$534,201$496,620$620,445
61$692,136$507,006$459,885$606,592
62$707,681$476,796$420,238$590,753
63$723,078$443,372$377,529$572,785
64$738,256$406,522$331,601$552,534
65$753,137$366,021$282,289$529,835
66$767,633$321,631$229,421$504,515
67$781,645$273,104$172,820$476,386
68$795,060$220,174$112,297$445,251
69$807,755$162,561$47,657$410,896
70$819,590$99,971$0$373,094
71$830,410$32,091$0$337,291
72$840,041$0$0$311,476
73$848,290$0$0$300,020
74$854,940$0$0$301,287
75$859,753$0$0$301,759
76$862,462$0$0$301,326
77$862,770$0$0$299,866
78$860,348$0$0$297,243
79$854,830$0$0$293,307
80$845,812$0$0$287,889
81$832,843$0$0$280,806
82$815,425$0$0$271,853
83$793,006$0$0$260,802
84$764,974$0$0$247,402
85$730,651$0$0$231,376
86$689,289$0$0$212,415
87$640,058$0$0$190,179
88$582,039$0$0$164,292
89$514,218$0$0$134,339
90$435,473$0$0$99,858
91$344,564$0$0$60,343
92$240,119$0$0$15,232
93$120,623$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