Can I retire at age 57 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$46,987$46,569$46,161$45,762$45,373$45,030
2 years$23,261$22,828$22,408$22,001$21,606$21,261
3 years$15,353$14,918$14,499$14,096$13,708$13,370
4 years$11,400$10,967$10,552$10,156$9,777$9,450
5 years$9,029$8,598$8,189$7,800$7,432$7,116
6 years$7,449$7,021$6,618$6,238$5,881$5,577
7 years$6,320$5,896$5,499$5,129$4,783$4,491
8 years$5,475$5,054$4,664$4,302$3,968$3,688
9 years$4,817$4,400$4,017$3,665$3,341$3,074
10 years$4,291$3,879$3,502$3,159$2,847$2,591
11 years$3,861$3,453$3,083$2,749$2,448$2,204
12 years$3,503$3,099$2,736$2,411$2,122$1,889
13 years$3,201$2,801$2,445$2,129$1,850$1,628
14 years$2,942$2,546$2,197$1,890$1,622$1,411
15 years$2,717$2,326$1,983$1,685$1,428$1,228
16 years$2,521$2,134$1,798$1,509$1,262$1,072
17 years$2,348$1,965$1,636$1,356$1,119$939
18 years$2,194$1,816$1,494$1,222$995$824
19 years$2,057$1,683$1,367$1,104$887$725
20 years$1,934$1,564$1,255$1,000$792$640
21 years$1,822$1,457$1,154$908$709$565
22 years$1,721$1,360$1,064$825$635$500
23 years$1,629$1,272$982$752$570$443
24 years$1,545$1,192$908$685$513$392
25 years$1,467$1,118$841$626$461$348
26 years$1,395$1,051$780$572$416$309
27 years$1,329$989$725$524$375$275
28 years$1,268$932$674$480$338$245
29 years$1,211$879$627$440$305$218
30 years$1,158$830$584$404$276$194
31 years$1,109$785$544$371$249$173
32 years$1,062$743$508$341$226$154
33 years$1,019$703$474$314$204$137
34 years$978$667$443$288$185$123
35 years$940$632$414$266$167$109
36 years$904$600$388$245$152$98
37 years$870$570$363$225$137$87
38 years$837$542$340$208$125$78
39 years$807$515$318$192$113$69
40 years$778$490$298$177$103$62
41 years$750$466$280$163$93$55
42 years$724$444$262$150$84$50
43 years$700$423$246$139$77$44
44 years$676$403$231$128$70$40
45 years$654$385$217$118$63$35
46 years$632$367$204$109$57$32
47 years$612$350$191$101$52$28
48 years$592$334$180$93$47$25
49 years$573$319$169$86$43$23
50 years$556$305$159$80$39$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $569,000, adding $2,386 every year, while hoping to spend $44,512 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: 52/33/15 Blend
56$569,000$569,000$569,000$569,000
57$629,499$599,342$590,523$659,566
58$646,348$581,350$562,945$662,415
59$663,423$560,983$532,951$660,611
60$680,701$538,080$500,414$657,654
61$698,154$512,468$465,199$653,447
62$715,750$483,963$427,168$647,889
63$733,452$452,373$386,173$640,867
64$751,217$417,492$342,063$632,264
65$768,997$379,105$294,679$621,952
66$786,738$336,984$243,853$609,795
67$804,376$290,887$189,413$595,647
68$821,841$240,559$131,177$579,352
69$839,053$185,731$68,955$560,740
70$855,922$126,118$2,551$539,632
71$872,347$61,419$0$515,834
72$888,215$0$0$500,070
73$903,399$0$0$485,485
74$917,755$0$0$492,697
75$931,126$0$0$499,313
76$943,333$0$0$505,229
77$954,178$0$0$510,331
78$963,440$0$0$514,490
79$970,872$0$0$517,564
80$976,202$0$0$519,397
81$979,123$0$0$519,810
82$979,298$0$0$518,611
83$976,350$0$0$515,580
84$969,862$0$0$510,479
85$959,371$0$0$503,041
86$944,363$0$0$492,969
87$924,269$0$0$479,937
88$898,458$0$0$463,581
89$866,232$0$0$443,499
90$826,817$0$0$419,246
91$779,357$0$0$390,331
92$722,905$0$0$356,209
93$656,412$0$0$316,278
94$578,719$0$0$269,871
95$488,546$0$0$216,253
96$384,475$0$0$154,609
97$264,940$0$0$84,041
98$128,213$0$0$3,556
99$0$0$0$0
100$0$0$0$0