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%11%
1 years$37,739$37,402$37,075$36,754$36,442$36,288
2 years$18,682$18,335$17,997$17,670$17,353$17,198
3 years$12,331$11,982$11,645$11,322$11,010$10,858
4 years$9,156$8,808$8,475$8,157$7,852$7,705
5 years$7,252$6,906$6,577$6,265$5,969$5,827
6 years$5,983$5,639$5,315$5,010$4,723$4,586
7 years$5,076$4,736$4,417$4,119$3,841$3,709
8 years$4,397$4,059$3,746$3,455$3,187$3,060
9 years$3,869$3,534$3,226$2,943$2,684$2,562
10 years$3,447$3,115$2,813$2,537$2,287$2,170
11 years$3,101$2,773$2,476$2,208$1,967$1,855
12 years$2,814$2,489$2,198$1,937$1,704$1,598
13 years$2,571$2,250$1,963$1,710$1,486$1,384
14 years$2,363$2,045$1,764$1,518$1,303$1,206
15 years$2,182$1,868$1,593$1,354$1,147$1,055
16 years$2,025$1,714$1,444$1,212$1,014$926
17 years$1,886$1,578$1,314$1,089$899$815
18 years$1,762$1,458$1,200$981$799$720
19 years$1,652$1,352$1,098$887$712$637
20 years$1,553$1,256$1,008$803$636$565
21 years$1,464$1,170$927$729$569$502
22 years$1,382$1,092$854$663$510$447
23 years$1,308$1,021$789$604$458$398
24 years$1,241$957$730$551$412$355
25 years$1,178$898$676$503$371$317
26 years$1,121$844$627$460$334$284
27 years$1,068$794$582$421$301$254
28 years$1,019$749$541$386$272$227
29 years$973$706$503$354$245$203
30 years$930$667$469$324$222$182
31 years$890$630$437$298$200$164
32 years$853$597$408$274$181$147
33 years$818$565$381$252$164$132
34 years$786$535$356$232$148$118
35 years$755$508$333$213$134$106
36 years$726$482$311$196$122$95
37 years$698$458$291$181$110$86
38 years$673$435$273$167$100$77
39 years$648$414$256$154$91$69
40 years$625$394$240$142$82$62
41 years$603$375$225$131$75$56
42 years$582$357$211$121$68$50
43 years$562$340$198$112$62$45
44 years$543$324$186$103$56$41
45 years$525$309$174$95$51$37
46 years$508$295$164$88$46$33
47 years$491$281$154$81$42$30
48 years$476$269$145$75$38$27
49 years$461$256$136$69$34$24
50 years$446$245$128$64$31$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $457,000, adding $3,914 every year, while hoping to spend $38,658 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: 59/22/19 Blend
54$457,000$457,000$457,000$457,000
55$507,651$483,430$476,347$534,856
56$518,300$465,987$451,173$536,304
57$528,739$446,392$423,859$533,306
58$538,906$424,502$394,295$529,162
59$548,732$400,160$362,361$523,769
60$558,139$373,203$327,936$517,014
61$567,038$343,459$290,890$508,775
62$575,331$310,744$251,091$498,919
63$582,910$274,866$208,398$487,304
64$589,652$235,619$162,664$473,774
65$595,421$192,790$113,738$458,162
66$600,066$146,148$61,460$440,285
67$603,418$95,455$5,665$419,946
68$605,290$40,455$0$396,929
69$605,472$0$0$381,926
70$603,734$0$0$370,324
71$599,819$0$0$367,079
72$593,441$0$0$362,210
73$584,285$0$0$355,512
74$571,999$0$0$346,756
75$556,196$0$0$335,690
76$536,446$0$0$322,031
77$512,271$0$0$305,471
78$483,146$0$0$285,665
79$448,487$0$0$262,233
80$407,648$0$0$234,756
81$359,917$0$0$202,767
82$304,503$0$0$165,755
83$240,535$0$0$123,149
84$167,049$0$0$74,323
85$82,980$0$0$18,583
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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