Can I retire at age 57 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$47,483$47,060$46,647$46,245$45,851$45,316
2 years$23,506$23,069$22,644$22,233$21,834$21,295
3 years$15,515$15,076$14,652$14,245$13,852$13,327
4 years$11,520$11,082$10,663$10,263$9,880$9,371
5 years$9,124$8,689$8,275$7,883$7,510$7,021
6 years$7,527$7,095$6,687$6,304$5,943$5,472
7 years$6,387$5,958$5,557$5,183$4,833$4,382
8 years$5,532$5,107$4,713$4,348$4,009$3,578
9 years$4,868$4,447$4,059$3,703$3,377$2,965
10 years$4,336$3,920$3,539$3,192$2,877$2,484
11 years$3,902$3,489$3,116$2,778$2,474$2,100
12 years$3,540$3,132$2,765$2,437$2,144$1,788
13 years$3,234$2,830$2,470$2,151$1,870$1,532
14 years$2,973$2,573$2,220$1,910$1,639$1,319
15 years$2,746$2,350$2,004$1,703$1,443$1,140
16 years$2,547$2,156$1,817$1,525$1,275$988
17 years$2,373$1,986$1,653$1,370$1,131$859
18 years$2,218$1,835$1,509$1,235$1,006$749
19 years$2,079$1,701$1,382$1,116$896$655
20 years$1,954$1,580$1,268$1,011$801$573
21 years$1,842$1,472$1,166$917$716$502
22 years$1,739$1,374$1,075$834$642$441
23 years$1,646$1,285$993$759$576$388
24 years$1,561$1,204$918$693$518$341
25 years$1,482$1,130$850$633$466$300
26 years$1,410$1,062$789$578$420$265
27 years$1,343$999$732$529$379$233
28 years$1,282$942$681$485$342$206
29 years$1,224$888$633$445$308$182
30 years$1,170$839$590$408$279$161
31 years$1,120$793$550$375$252$142
32 years$1,074$751$513$345$228$126
33 years$1,030$711$479$317$206$111
34 years$989$674$448$292$187$98
35 years$950$639$419$268$169$87
36 years$913$606$392$247$153$77
37 years$879$576$367$228$139$68
38 years$846$547$343$210$126$60
39 years$815$521$322$194$114$53
40 years$786$495$301$179$104$47
41 years$758$471$283$165$94$42
42 years$732$449$265$152$85$37
43 years$707$428$249$140$77$33
44 years$683$408$234$130$70$29
45 years$660$389$219$120$64$26
46 years$639$371$206$111$58$23
47 years$618$354$193$102$53$20
48 years$598$338$182$94$48$18
49 years$579$323$171$87$43$16
50 years$561$308$161$81$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $575,000, adding $4,646 every year, while hoping to spend $36,690 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: 34/45/21 Blend
56$575,000$575,000$575,000$575,000
57$638,442$607,967$599,055$655,913
58$664,526$598,720$580,085$659,998
59$692,040$587,790$559,251$660,704
60$721,092$575,055$536,449$660,710
61$751,799$560,389$511,576$659,977
62$784,288$543,654$484,520$658,465
63$818,699$524,707$455,165$656,132
64$855,185$503,395$423,391$652,937
65$893,910$479,558$389,072$648,841
66$935,058$453,026$352,074$643,801
67$978,827$423,617$312,262$637,778
68$1,025,435$391,141$269,490$630,731
69$1,075,119$355,398$223,608$622,623
70$1,128,142$316,173$174,460$613,417
71$1,184,790$273,242$121,881$603,079
72$1,245,374$226,367$65,701$591,576
73$1,310,241$175,297$5,740$578,880
74$1,379,765$119,767$0$564,966
75$1,454,361$59,496$0$562,868
76$1,534,483$0$0$561,740
77$1,620,628$0$0$563,212
78$1,713,343$0$0$596,564
79$1,813,228$0$0$632,559
80$1,920,944$0$0$671,443
81$2,037,213$0$0$713,486
82$2,162,832$0$0$758,983
83$2,298,676$0$0$808,263
84$2,445,706$0$0$861,682
85$2,604,978$0$0$919,636
86$2,777,656$0$0$982,558
87$2,965,016$0$0$1,050,926
88$3,168,464$0$0$1,125,264
89$3,389,546$0$0$1,206,149
90$3,629,961$0$0$1,294,217
91$3,891,582$0$0$1,390,166
92$4,176,466$0$0$1,494,767
93$4,486,879$0$0$1,608,865
94$4,825,312$0$0$1,733,392
95$5,194,510$0$0$1,869,375
96$5,597,493$0$0$2,017,942
97$6,037,583$0$0$2,180,336
98$6,518,441$0$0$2,357,927
99$7,044,095$0$0$2,552,220
100$7,618,979$0$0$2,764,875