Can I retire at age 55 with 457,000?

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 $457,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$37,739$37,402$37,075$36,754$36,442$35,721
2 years$18,682$18,335$17,997$17,670$17,353$16,630
3 years$12,331$11,982$11,645$11,322$11,010$10,306
4 years$9,156$8,808$8,475$8,157$7,852$7,174
5 years$7,252$6,906$6,577$6,265$5,969$5,319
6 years$5,983$5,639$5,315$5,010$4,723$4,101
7 years$5,076$4,736$4,417$4,119$3,841$3,248
8 years$4,397$4,059$3,746$3,455$3,187$2,621
9 years$3,869$3,534$3,226$2,943$2,684$2,146
10 years$3,447$3,115$2,813$2,537$2,287$1,777
11 years$3,101$2,773$2,476$2,208$1,967$1,483
12 years$2,814$2,489$2,198$1,937$1,704$1,247
13 years$2,571$2,250$1,963$1,710$1,486$1,054
14 years$2,363$2,045$1,764$1,518$1,303$895
15 years$2,182$1,868$1,593$1,354$1,147$763
16 years$2,025$1,714$1,444$1,212$1,014$653
17 years$1,886$1,578$1,314$1,089$899$560
18 years$1,762$1,458$1,200$981$799$481
19 years$1,652$1,352$1,098$887$712$414
20 years$1,553$1,256$1,008$803$636$357
21 years$1,464$1,170$927$729$569$308
22 years$1,382$1,092$854$663$510$267
23 years$1,308$1,021$789$604$458$231
24 years$1,241$957$730$551$412$200
25 years$1,178$898$676$503$371$173
26 years$1,121$844$627$460$334$150
27 years$1,068$794$582$421$301$130
28 years$1,019$749$541$386$272$113
29 years$973$706$503$354$245$98
30 years$930$667$469$324$222$85
31 years$890$630$437$298$200$74
32 years$853$597$408$274$181$65
33 years$818$565$381$252$164$56
34 years$786$535$356$232$148$49
35 years$755$508$333$213$134$43
36 years$726$482$311$196$122$37
37 years$698$458$291$181$110$32
38 years$673$435$273$167$100$28
39 years$648$414$256$154$91$24
40 years$625$394$240$142$82$21
41 years$603$375$225$131$75$18
42 years$582$357$211$121$68$16
43 years$562$340$198$112$62$14
44 years$543$324$186$103$56$12
45 years$525$309$174$95$51$11
46 years$508$295$164$88$46$9
47 years$491$281$154$81$42$8
48 years$476$269$145$75$38$7
49 years$461$256$136$69$34$6
50 years$446$245$128$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $457,000, adding $2,800 every year, while hoping to spend $21,783 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: 43/41/16 Blend
54$457,000$457,000$457,000$457,000
55$506,502$482,281$475,198$525,814
56$534,988$482,736$467,940$540,115
57$565,650$482,483$459,709$553,225
58$598,687$481,465$450,449$566,962
59$634,316$479,620$440,102$581,395
60$672,778$476,883$428,607$596,598
61$714,336$473,185$415,901$612,657
62$759,282$468,454$401,917$629,667
63$807,932$462,612$386,584$647,733
64$860,637$455,576$369,831$666,974
65$917,783$447,260$351,581$687,524
66$979,792$437,571$331,755$709,529
67$1,047,131$426,412$310,269$733,155
68$1,120,311$413,680$287,036$758,585
69$1,199,897$399,264$261,965$786,025
70$1,286,508$383,049$234,962$815,703
71$1,380,826$364,913$205,928$847,873
72$1,483,601$344,725$174,758$882,819
73$1,595,661$322,349$141,345$920,854
74$1,717,914$297,640$105,575$962,328
75$1,851,361$270,444$67,332$1,007,631
76$1,997,104$240,599$26,491$1,057,195
77$2,156,355$207,935$0$1,111,498
78$2,330,448$172,269$0$1,173,993
79$2,520,856$133,412$0$1,247,369
80$2,729,194$91,161$0$1,327,777
81$2,957,247$45,302$0$1,415,971
82$3,206,975$0$0$1,512,784
83$3,480,541$0$0$1,621,117
84$3,780,324$0$0$1,762,284
85$4,108,944$0$0$1,917,089
86$4,469,290$0$0$2,086,898
87$4,864,539$0$0$2,273,217
88$5,298,195$0$0$2,477,704
89$5,774,113$0$0$2,702,187
90$6,296,544$0$0$2,948,677
91$6,870,167$0$0$3,219,391
92$7,500,138$0$0$3,516,772
93$8,192,136$0$0$3,843,509
94$8,952,418$0$0$4,202,566
95$9,787,876$0$0$4,597,208
96$10,706,104$0$0$5,031,032
97$11,715,467$0$0$5,508,000
98$12,825,180$0$0$6,032,479
99$14,045,399$0$0$6,609,279
100$15,387,310$0$0$7,243,700