Can I retire at age 57 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$33,610$33,310$33,018$32,733$32,455$31,341
2 years$16,638$16,329$16,028$15,737$15,455$14,344
3 years$10,982$10,671$10,371$10,083$9,805$8,732
4 years$8,155$7,844$7,548$7,264$6,993$5,966
5 years$6,458$6,150$5,857$5,580$5,316$4,338
6 years$5,328$5,022$4,734$4,462$4,206$3,278
7 years$4,521$4,217$3,934$3,668$3,421$2,542
8 years$3,916$3,615$3,336$3,077$2,838$2,007
9 years$3,446$3,148$2,873$2,621$2,390$1,607
10 years$3,069$2,774$2,505$2,260$2,036$1,300
11 years$2,762$2,470$2,205$1,966$1,751$1,060
12 years$2,506$2,217$1,957$1,725$1,518$870
13 years$2,289$2,003$1,749$1,523$1,323$717
14 years$2,104$1,821$1,571$1,352$1,160$594
15 years$1,943$1,664$1,419$1,206$1,021$493
16 years$1,803$1,526$1,286$1,079$903$411
17 years$1,679$1,406$1,170$970$800$343
18 years$1,570$1,299$1,068$874$712$287
19 years$1,471$1,204$978$790$634$240
20 years$1,383$1,119$898$715$567$201
21 years$1,304$1,042$826$649$507$169
22 years$1,231$973$761$590$455$142
23 years$1,165$910$703$538$408$119
24 years$1,105$852$650$490$367$100
25 years$1,049$800$602$448$330$84
26 years$998$752$558$409$297$71
27 years$951$707$518$375$268$60
28 years$907$667$482$343$242$50
29 years$866$629$448$315$218$43
30 years$828$594$418$289$197$36
31 years$793$561$389$265$178$30
32 years$760$531$363$244$161$25
33 years$729$503$339$224$146$21
34 years$700$477$317$206$132$18
35 years$672$452$296$190$120$15
36 years$646$429$277$175$108$13
37 years$622$408$259$161$98$11
38 years$599$387$243$149$89$9
39 years$577$368$228$137$81$8
40 years$556$351$213$126$73$7
41 years$537$334$200$117$67$6
42 years$518$318$188$108$60$5
43 years$500$303$176$99$55$4
44 years$484$289$165$92$50$3
45 years$467$275$155$85$45$3
46 years$452$263$146$78$41$2
47 years$438$251$137$72$37$2
48 years$424$239$129$67$34$2
49 years$410$228$121$62$31$1
50 years$397$218$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $407,000, adding $2,153 every year, while hoping to spend $20,484 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: 59/24/17 Blend
56$407,000$407,000$407,000$407,000
57$450,735$429,164$422,855$475,226
58$474,915$428,398$415,226$491,279
59$500,875$426,908$406,655$506,330
60$528,775$424,637$397,088$522,272
61$558,790$421,524$386,471$539,195
62$591,113$417,506$374,744$557,197
63$625,956$412,513$361,847$576,389
64$663,551$406,473$347,717$596,891
65$704,154$399,311$332,286$618,840
66$748,045$390,945$315,485$642,386
67$795,533$381,289$297,242$667,694
68$846,958$370,253$277,480$694,949
69$902,692$357,739$256,119$724,355
70$963,145$343,647$233,078$756,139
71$1,028,768$327,868$208,268$790,552
72$1,100,057$310,288$181,600$827,871
73$1,177,558$290,787$152,979$868,405
74$1,261,870$269,238$122,305$912,494
75$1,353,655$245,505$89,477$960,515
76$1,453,639$219,445$54,385$1,012,887
77$1,562,621$190,909$16,918$1,070,071
78$1,681,482$159,738$0$1,132,580
79$1,811,191$125,762$0$1,205,162
80$1,952,812$88,804$0$1,287,809
81$2,107,521$48,678$0$1,378,162
82$2,276,609$5,184$0$1,477,012
83$2,461,499$0$0$1,585,231
84$2,663,757$0$0$1,714,845
85$2,885,107$0$0$1,858,225
86$3,127,450$0$0$2,015,236
87$3,392,875$0$0$2,187,238
88$3,683,685$0$0$2,375,727
89$4,002,418$0$0$2,582,351
90$4,351,866$0$0$2,808,927
91$4,735,105$0$0$3,057,454
92$5,155,524$0$0$3,330,134
93$5,616,856$0$0$3,629,393
94$6,123,210$0$0$3,957,903
95$6,679,116$0$0$4,318,608
96$7,289,561$0$0$4,714,751
97$7,960,041$0$0$5,149,903
98$8,696,608$0$0$5,627,999
99$9,505,932$0$0$6,153,375
100$10,395,357$0$0$6,730,805