Can I retire at age 57 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$33,527$33,228$32,937$32,653$32,375$31,799
2 years$16,598$16,288$15,989$15,698$15,417$14,839
3 years$10,955$10,645$10,346$10,058$9,781$9,219
4 years$8,134$7,825$7,529$7,246$6,976$6,434
5 years$6,443$6,135$5,843$5,566$5,303$4,782
6 years$5,315$5,010$4,722$4,451$4,196$3,697
7 years$4,510$4,207$3,924$3,659$3,413$2,936
8 years$3,906$3,606$3,328$3,070$2,831$2,377
9 years$3,437$3,140$2,866$2,615$2,384$1,952
10 years$3,062$2,768$2,499$2,254$2,031$1,621
11 years$2,755$2,464$2,200$1,962$1,747$1,357
12 years$2,500$2,211$1,952$1,721$1,514$1,145
13 years$2,284$1,998$1,744$1,519$1,320$971
14 years$2,099$1,817$1,567$1,348$1,157$827
15 years$1,939$1,659$1,415$1,203$1,019$708
16 years$1,799$1,523$1,283$1,077$901$607
17 years$1,675$1,402$1,167$967$799$523
18 years$1,566$1,296$1,066$872$710$451
19 years$1,468$1,201$976$788$633$390
20 years$1,380$1,116$895$714$565$337
21 years$1,300$1,039$824$648$506$292
22 years$1,228$970$759$589$453$254
23 years$1,162$907$701$536$407$220
24 years$1,102$850$648$489$366$192
25 years$1,047$798$600$447$329$167
26 years$996$750$557$408$297$145
27 years$949$706$517$374$267$127
28 years$905$665$481$342$241$110
29 years$864$627$447$314$218$96
30 years$826$592$417$288$197$84
31 years$791$560$388$265$178$73
32 years$758$530$362$243$161$64
33 years$727$502$338$224$146$56
34 years$698$476$316$206$132$49
35 years$671$451$296$189$119$43
36 years$645$428$277$175$108$37
37 years$620$407$259$161$98$33
38 years$597$387$242$148$89$28
39 years$576$368$227$137$81$25
40 years$555$350$213$126$73$22
41 years$535$333$200$116$66$19
42 years$517$317$187$107$60$17
43 years$499$302$176$99$55$15
44 years$482$288$165$91$50$13
45 years$466$275$155$84$45$11
46 years$451$262$145$78$41$10
47 years$436$250$137$72$37$9
48 years$423$239$128$67$34$7
49 years$409$228$121$62$31$7
50 years$396$218$113$57$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $406,000, adding $5,757 every year, while hoping to spend $25,313 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: 59/20/21 Blend
56$406,000$406,000$406,000$406,000
57$453,350$431,832$425,539$477,257
58$472,659$426,059$412,862$488,381
59$493,089$419,155$398,912$497,253
60$514,728$411,037$383,619$506,367
61$537,671$401,619$366,911$515,752
62$562,024$390,808$348,713$525,439
63$587,900$378,507$328,944$535,466
64$615,424$364,613$307,522$545,874
65$644,734$349,016$284,361$556,710
66$675,980$331,600$259,370$568,029
67$709,325$312,244$232,454$579,891
68$744,950$290,818$203,516$592,364
69$783,052$267,185$172,450$605,526
70$823,847$241,201$139,151$619,463
71$867,573$212,713$103,506$634,274
72$914,488$181,559$65,396$650,068
73$964,880$147,569$24,701$666,969
74$1,019,060$110,562$0$685,115
75$1,077,373$70,349$0$708,856
76$1,140,197$26,728$0$740,350
77$1,207,946$0$0$774,281
78$1,281,076$0$0$815,411
79$1,360,088$0$0$866,231
80$1,445,532$0$0$921,216
81$1,538,013$0$0$980,758
82$1,638,195$0$0$1,045,289
83$1,746,811$0$0$1,115,284
84$1,864,662$0$0$1,191,264
85$1,992,635$0$0$1,273,805
86$2,131,701$0$0$1,363,537
87$2,282,929$0$0$1,461,155
88$2,447,498$0$0$1,567,425
89$2,626,701$0$0$1,683,187
90$2,821,964$0$0$1,809,367
91$3,034,855$0$0$1,946,984
92$3,267,101$0$0$2,097,159
93$3,520,599$0$0$2,261,127
94$3,797,443$0$0$2,440,246
95$4,099,934$0$0$2,636,013
96$4,430,606$0$0$2,850,075
97$4,792,250$0$0$3,084,244
98$5,187,938$0$0$3,340,517
99$5,621,052$0$0$3,621,094
100$6,095,319$0$0$3,928,394