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%14.5%
1 years$37,739$37,402$37,075$36,754$36,442$35,765
2 years$18,682$18,335$17,997$17,670$17,353$16,673
3 years$12,331$11,982$11,645$11,322$11,010$10,348
4 years$9,156$8,808$8,475$8,157$7,852$7,215
5 years$7,252$6,906$6,577$6,265$5,969$5,357
6 years$5,983$5,639$5,315$5,010$4,723$4,138
7 years$5,076$4,736$4,417$4,119$3,841$3,282
8 years$4,397$4,059$3,746$3,455$3,187$2,654
9 years$3,869$3,534$3,226$2,943$2,684$2,177
10 years$3,447$3,115$2,813$2,537$2,287$1,805
11 years$3,101$2,773$2,476$2,208$1,967$1,510
12 years$2,814$2,489$2,198$1,937$1,704$1,272
13 years$2,571$2,250$1,963$1,710$1,486$1,077
14 years$2,363$2,045$1,764$1,518$1,303$917
15 years$2,182$1,868$1,593$1,354$1,147$783
16 years$2,025$1,714$1,444$1,212$1,014$671
17 years$1,886$1,578$1,314$1,089$899$577
18 years$1,762$1,458$1,200$981$799$497
19 years$1,652$1,352$1,098$887$712$429
20 years$1,553$1,256$1,008$803$636$370
21 years$1,464$1,170$927$729$569$321
22 years$1,382$1,092$854$663$510$278
23 years$1,308$1,021$789$604$458$241
24 years$1,241$957$730$551$412$209
25 years$1,178$898$676$503$371$182
26 years$1,121$844$627$460$334$158
27 years$1,068$794$582$421$301$138
28 years$1,019$749$541$386$272$120
29 years$973$706$503$354$245$104
30 years$930$667$469$324$222$91
31 years$890$630$437$298$200$79
32 years$853$597$408$274$181$69
33 years$818$565$381$252$164$60
34 years$786$535$356$232$148$52
35 years$755$508$333$213$134$46
36 years$726$482$311$196$122$40
37 years$698$458$291$181$110$35
38 years$673$435$273$167$100$30
39 years$648$414$256$154$91$27
40 years$625$394$240$142$82$23
41 years$603$375$225$131$75$20
42 years$582$357$211$121$68$18
43 years$562$340$198$112$62$15
44 years$543$324$186$103$56$13
45 years$525$309$174$95$51$12
46 years$508$295$164$88$46$10
47 years$491$281$154$81$42$9
48 years$476$269$145$75$38$8
49 years$461$256$136$69$34$7
50 years$446$245$128$64$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $457,000, adding $4,716 every year, while hoping to spend $31,405 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: 29/48/23 Blend
54$457,000$457,000$457,000$457,000
55$508,479$484,258$477,174$519,464
56$526,929$474,571$459,745$518,668
57$546,208$463,358$440,679$514,715
58$566,368$450,510$419,889$509,812
59$587,465$435,912$397,282$503,898
60$609,559$419,444$372,763$496,909
61$632,714$400,977$346,231$488,776
62$657,002$380,376$317,581$479,429
63$682,499$357,498$286,703$468,796
64$709,290$332,191$253,483$456,798
65$737,464$304,295$217,802$443,356
66$767,121$273,640$179,533$428,386
67$798,367$240,048$138,548$411,803
68$831,320$203,330$94,708$393,514
69$866,107$163,286$47,873$373,428
70$902,867$119,704$0$351,447
71$941,751$72,361$0$327,988
72$982,926$21,023$0$315,000
73$1,026,572$0$0$300,656
74$1,072,886$0$0$303,139
75$1,122,085$0$0$317,610
76$1,174,404$0$0$333,040
77$1,230,104$0$0$349,508
78$1,289,465$0$0$367,105
79$1,352,799$0$0$385,929
80$1,420,445$0$0$406,086
81$1,492,776$0$0$427,693
82$1,570,198$0$0$450,881
83$1,653,160$0$0$475,790
84$1,742,153$0$0$502,575
85$1,837,714$0$0$531,408
86$1,940,435$0$0$562,475
87$2,050,965$0$0$595,983
88$2,170,017$0$0$632,156
89$2,298,371$0$0$671,243
90$2,436,889$0$0$713,518
91$2,586,514$0$0$759,279
92$2,748,285$0$0$808,857
93$2,923,342$0$0$862,615
94$3,112,938$0$0$920,950
95$3,318,452$0$0$984,301
96$3,541,401$0$0$1,053,150
97$3,783,452$0$0$1,128,028
98$4,046,438$0$0$1,209,519
99$4,332,376$0$0$1,298,264
100$4,643,485$0$0$1,394,971