Can I retire at age 55 with 457,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$37,739$37,402$37,075$36,754$36,442$35,972
2 years$18,682$18,335$17,997$17,670$17,353$16,880
3 years$12,331$11,982$11,645$11,322$11,010$10,548
4 years$9,156$8,808$8,475$8,157$7,852$7,406
5 years$7,252$6,906$6,577$6,265$5,969$5,540
6 years$5,983$5,639$5,315$5,010$4,723$4,311
7 years$5,076$4,736$4,417$4,119$3,841$3,447
8 years$4,397$4,059$3,746$3,455$3,187$2,809
9 years$3,869$3,534$3,226$2,943$2,684$2,324
10 years$3,447$3,115$2,813$2,537$2,287$1,943
11 years$3,101$2,773$2,476$2,208$1,967$1,640
12 years$2,814$2,489$2,198$1,937$1,704$1,394
13 years$2,571$2,250$1,963$1,710$1,486$1,192
14 years$2,363$2,045$1,764$1,518$1,303$1,024
15 years$2,182$1,868$1,593$1,354$1,147$883
16 years$2,025$1,714$1,444$1,212$1,014$764
17 years$1,886$1,578$1,314$1,089$899$663
18 years$1,762$1,458$1,200$981$799$577
19 years$1,652$1,352$1,098$887$712$503
20 years$1,553$1,256$1,008$803$636$439
21 years$1,464$1,170$927$729$569$384
22 years$1,382$1,092$854$663$510$337
23 years$1,308$1,021$789$604$458$295
24 years$1,241$957$730$551$412$259
25 years$1,178$898$676$503$371$228
26 years$1,121$844$627$460$334$200
27 years$1,068$794$582$421$301$176
28 years$1,019$749$541$386$272$155
29 years$973$706$503$354$245$137
30 years$930$667$469$324$222$120
31 years$890$630$437$298$200$106
32 years$853$597$408$274$181$94
33 years$818$565$381$252$164$83
34 years$786$535$356$232$148$73
35 years$755$508$333$213$134$64
36 years$726$482$311$196$122$57
37 years$698$458$291$181$110$50
38 years$673$435$273$167$100$44
39 years$648$414$256$154$91$39
40 years$625$394$240$142$82$35
41 years$603$375$225$131$75$30
42 years$582$357$211$121$68$27
43 years$562$340$198$112$62$24
44 years$543$324$186$103$56$21
45 years$525$309$174$95$51$19
46 years$508$295$164$88$46$16
47 years$491$281$154$81$42$15
48 years$476$269$145$75$38$13
49 years$461$256$136$69$34$11
50 years$446$245$128$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $457,000, adding $5,512 every year, while hoping to spend $38,831 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: 65/19/16 Blend
54$457,000$457,000$457,000$457,000
55$509,300$485,079$477,995$540,073
56$519,932$467,532$452,692$543,814
57$530,348$447,823$425,240$542,912
58$540,484$425,807$395,526$540,980
59$550,269$401,327$363,431$537,914
60$559,623$374,219$328,833$533,607
61$568,459$344,310$291,603$527,937
62$576,675$311,415$251,606$520,776
63$584,163$275,341$208,701$511,981
64$590,797$235,882$162,742$501,400
65$596,439$192,821$113,575$488,864
66$600,937$145,930$61,041$474,192
67$604,119$94,967$4,972$457,186
68$605,795$39,676$0$437,630
69$605,753$0$0$424,655
70$603,760$0$0$414,379
71$599,554$0$0$410,796
72$592,847$0$0$405,404
73$583,318$0$0$397,972
74$570,612$0$0$388,245
75$554,336$0$0$375,941
76$534,053$0$0$360,747
77$509,282$0$0$342,317
78$479,487$0$0$320,267
79$444,079$0$0$294,174
80$402,403$0$0$263,568
81$353,737$0$0$227,931
82$297,281$0$0$186,690
83$232,151$0$0$139,210
84$157,372$0$0$84,793
85$71,863$0$0$22,663
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