Can I retire at age 57 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$34,188$33,883$33,586$33,296$33,013$32,373
2 years$16,925$16,609$16,304$16,008$15,720$15,078
3 years$11,171$10,854$10,550$10,256$9,974$9,349
4 years$8,295$7,979$7,677$7,389$7,113$6,512
5 years$6,569$6,256$5,958$5,676$5,407$4,830
6 years$5,420$5,108$4,815$4,539$4,279$3,726
7 years$4,599$4,290$4,001$3,732$3,480$2,952
8 years$3,983$3,677$3,393$3,130$2,887$2,384
9 years$3,505$3,202$2,923$2,666$2,431$1,953
10 years$3,122$2,822$2,548$2,298$2,071$1,618
11 years$2,809$2,512$2,243$2,000$1,781$1,352
12 years$2,549$2,255$1,991$1,755$1,544$1,137
13 years$2,329$2,038$1,779$1,549$1,346$962
14 years$2,140$1,852$1,598$1,375$1,180$817
15 years$1,977$1,692$1,443$1,226$1,039$697
16 years$1,834$1,553$1,308$1,098$918$597
17 years$1,708$1,430$1,190$987$814$512
18 years$1,597$1,321$1,087$889$724$440
19 years$1,497$1,224$995$803$645$379
20 years$1,407$1,138$913$728$576$327
21 years$1,326$1,060$840$660$516$283
22 years$1,252$989$774$600$462$245
23 years$1,185$925$715$547$415$212
24 years$1,124$867$661$499$373$184
25 years$1,067$814$612$455$336$159
26 years$1,015$765$568$416$302$138
27 years$967$720$527$381$273$120
28 years$923$678$490$349$246$105
29 years$881$640$456$320$222$91
30 years$843$604$425$294$201$79
31 years$807$571$396$270$181$69
32 years$773$540$370$248$164$60
33 years$741$512$345$228$149$52
34 years$712$485$322$210$134$45
35 years$684$460$301$193$122$39
36 years$658$437$282$178$110$34
37 years$633$415$264$164$100$30
38 years$609$394$247$151$91$26
39 years$587$375$232$139$82$23
40 years$566$357$217$129$75$20
41 years$546$339$203$119$68$17
42 years$527$323$191$109$61$15
43 years$509$308$179$101$56$13
44 years$492$294$168$93$51$11
45 years$476$280$158$86$46$10
46 years$460$267$148$80$42$9
47 years$445$255$139$74$38$8
48 years$431$243$131$68$34$7
49 years$417$232$123$63$31$6
50 years$404$222$116$58$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $414,000, adding $5,869 every year, while hoping to spend $31,335 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: 63/29/8 Blend
56$414,000$414,000$414,000$414,000
57$462,282$440,340$433,923$490,285
58$476,094$428,576$415,119$497,938
59$490,266$415,186$394,635$502,095
60$504,799$400,057$372,382$505,830
61$519,697$383,068$348,265$509,102
62$534,963$364,095$322,189$511,866
63$550,596$343,003$294,049$514,073
64$566,598$319,651$263,741$515,672
65$582,967$293,890$231,152$516,608
66$599,701$265,561$196,167$516,821
67$616,795$234,499$158,663$516,248
68$634,245$200,526$118,515$514,821
69$652,043$163,457$75,590$512,468
70$670,179$123,093$29,750$509,110
71$688,641$79,229$0$504,664
72$707,414$31,643$0$500,676
73$726,481$0$0$498,233
74$745,820$0$0$501,050
75$765,407$0$0$514,122
76$785,213$0$0$527,328
77$805,204$0$0$540,645
78$825,340$0$0$554,046
79$845,577$0$0$567,499
80$865,865$0$0$580,968
81$886,143$0$0$594,412
82$906,347$0$0$607,783
83$926,401$0$0$621,030
84$946,220$0$0$634,092
85$965,709$0$0$646,903
86$984,759$0$0$659,387
87$1,003,249$0$0$671,459
88$1,021,044$0$0$683,024
89$1,037,991$0$0$693,975
90$1,053,920$0$0$704,194
91$1,068,640$0$0$713,547
92$1,081,939$0$0$721,887
93$1,093,580$0$0$729,047
94$1,103,298$0$0$734,844
95$1,110,801$0$0$739,072
96$1,115,760$0$0$741,503
97$1,117,812$0$0$741,884
98$1,116,553$0$0$739,934
99$1,111,535$0$0$735,340
100$1,102,259$0$0$727,755