Can I retire at age 57 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$34,270$33,965$33,667$33,377$33,093$32,912
2 years$16,966$16,650$16,343$16,046$15,758$15,576
3 years$11,198$10,881$10,575$10,281$9,998$9,819
4 years$8,315$7,998$7,696$7,407$7,131$6,957
5 years$6,585$6,271$5,972$5,689$5,420$5,253
6 years$5,433$5,121$4,827$4,550$4,289$4,128
7 years$4,610$4,300$4,011$3,741$3,488$3,333
8 years$3,993$3,686$3,402$3,138$2,894$2,745
9 years$3,513$3,209$2,930$2,673$2,437$2,294
10 years$3,130$2,829$2,554$2,304$2,076$1,940
11 years$2,816$2,518$2,249$2,005$1,786$1,655
12 years$2,555$2,260$1,996$1,759$1,548$1,423
13 years$2,334$2,043$1,783$1,553$1,349$1,231
14 years$2,145$1,857$1,602$1,378$1,183$1,070
15 years$1,982$1,696$1,446$1,229$1,042$934
16 years$1,839$1,556$1,311$1,101$921$818
17 years$1,712$1,433$1,193$989$816$719
18 years$1,600$1,324$1,089$891$726$634
19 years$1,500$1,227$997$805$647$560
20 years$1,410$1,141$915$729$578$495
21 years$1,329$1,062$842$662$517$439
22 years$1,255$992$776$602$463$390
23 years$1,188$928$716$548$416$347
24 years$1,127$869$663$500$374$308
25 years$1,070$816$614$457$336$275
26 years$1,018$767$569$417$303$245
27 years$970$721$528$382$273$219
28 years$925$680$491$350$247$195
29 years$883$641$457$321$223$175
30 years$845$606$426$295$201$156
31 years$809$572$397$271$182$140
32 years$775$542$370$249$165$125
33 years$743$513$346$229$149$112
34 years$713$486$323$210$135$100
35 years$685$461$302$194$122$90
36 years$659$438$283$178$111$81
37 years$634$416$265$164$100$72
38 years$611$395$248$151$91$65
39 years$588$376$232$140$82$58
40 years$567$357$218$129$75$52
41 years$547$340$204$119$68$47
42 years$528$324$191$110$62$42
43 years$510$309$180$101$56$38
44 years$493$294$169$94$51$34
45 years$477$281$158$86$46$30
46 years$461$268$149$80$42$27
47 years$446$255$140$74$38$24
48 years$432$244$131$68$34$22
49 years$418$233$123$63$31$20
50 years$405$222$116$58$28$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $415,000, adding $3,355 every year, while hoping to spend $23,913 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: 38/34/28 Blend
56$415,000$415,000$415,000$415,000
57$460,791$438,796$432,363$474,355
58$482,348$434,853$421,404$480,678
59$505,303$429,917$409,276$485,072
60$529,772$423,911$395,916$489,364
61$555,885$416,758$381,255$493,560
62$583,781$408,376$365,223$497,670
63$613,616$398,675$347,747$501,706
64$645,558$387,563$328,749$505,682
65$679,792$374,942$308,150$509,618
66$716,523$360,705$285,865$513,537
67$755,973$344,745$261,806$517,469
68$798,388$326,942$235,882$521,448
69$844,035$307,175$207,996$525,514
70$893,212$285,311$178,049$529,717
71$946,242$261,214$145,936$534,111
72$1,003,481$234,736$111,547$538,763
73$1,065,322$205,723$74,770$543,750
74$1,132,194$174,013$35,484$549,157
75$1,204,570$139,433$0$555,087
76$1,282,971$101,800$0$563,579
77$1,367,969$60,922$0$584,279
78$1,460,191$16,597$0$606,764
79$1,560,330$0$0$631,248
80$1,669,145$0$0$669,713
81$1,787,475$0$0$718,343
82$1,916,238$0$0$771,313
83$2,056,448$0$0$829,047
84$2,209,219$0$0$892,010
85$2,375,778$0$0$960,714
86$2,557,474$0$0$1,035,725
87$2,755,793$0$0$1,117,663
88$2,972,370$0$0$1,207,212
89$3,209,006$0$0$1,305,125
90$3,467,683$0$0$1,412,230
91$3,750,583$0$0$1,529,440
92$4,060,109$0$0$1,657,761
93$4,398,905$0$0$1,798,298
94$4,769,885$0$0$1,952,270
95$5,176,258$0$0$2,121,020
96$5,621,556$0$0$2,306,025
97$6,109,669$0$0$2,508,914
98$6,644,884$0$0$2,731,479
99$7,231,920$0$0$2,975,696
100$7,875,975$0$0$3,243,739