Can I retire at age 57 with 415,000?

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 $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%17.6%
1 years$34,270$33,965$33,667$33,377$33,093$32,072
2 years$16,966$16,650$16,343$16,046$15,758$14,739
3 years$11,198$10,881$10,575$10,281$9,998$9,012
4 years$8,315$7,998$7,696$7,407$7,131$6,185
5 years$6,585$6,271$5,972$5,689$5,420$4,518
6 years$5,433$5,121$4,827$4,550$4,289$3,431
7 years$4,610$4,300$4,011$3,741$3,488$2,674
8 years$3,993$3,686$3,402$3,138$2,894$2,124
9 years$3,513$3,209$2,930$2,673$2,437$1,709
10 years$3,130$2,829$2,554$2,304$2,076$1,391
11 years$2,816$2,518$2,249$2,005$1,786$1,140
12 years$2,555$2,260$1,996$1,759$1,548$941
13 years$2,334$2,043$1,783$1,553$1,349$781
14 years$2,145$1,857$1,602$1,378$1,183$651
15 years$1,982$1,696$1,446$1,229$1,042$544
16 years$1,839$1,556$1,311$1,101$921$456
17 years$1,712$1,433$1,193$989$816$383
18 years$1,600$1,324$1,089$891$726$322
19 years$1,500$1,227$997$805$647$272
20 years$1,410$1,141$915$729$578$230
21 years$1,329$1,062$842$662$517$194
22 years$1,255$992$776$602$463$164
23 years$1,188$928$716$548$416$139
24 years$1,127$869$663$500$374$118
25 years$1,070$816$614$457$336$100
26 years$1,018$767$569$417$303$85
27 years$970$721$528$382$273$72
28 years$925$680$491$350$247$61
29 years$883$641$457$321$223$52
30 years$845$606$426$295$201$44
31 years$809$572$397$271$182$37
32 years$775$542$370$249$165$32
33 years$743$513$346$229$149$27
34 years$713$486$323$210$135$23
35 years$685$461$302$194$122$19
36 years$659$438$283$178$111$17
37 years$634$416$265$164$100$14
38 years$611$395$248$151$91$12
39 years$588$376$232$140$82$10
40 years$567$357$218$129$75$9
41 years$547$340$204$119$68$7
42 years$528$324$191$110$62$6
43 years$510$309$180$101$56$5
44 years$493$294$169$94$51$5
45 years$477$281$158$86$46$4
46 years$461$268$149$80$42$3
47 years$446$255$140$74$38$3
48 years$432$244$131$68$34$2
49 years$418$233$123$63$31$2
50 years$405$222$116$58$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $415,000, adding $4,861 every year, while hoping to spend $29,925 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: 57/30/13 Blend
56$415,000$415,000$415,000$415,000
57$462,344$440,349$433,917$486,907
58$477,663$430,086$416,613$493,819
59$493,542$418,318$397,726$497,630
60$510,006$404,938$377,173$501,079
61$527,082$389,835$354,863$504,137
62$544,799$372,892$330,706$506,773
63$563,187$353,982$304,604$508,954
64$582,280$332,976$276,456$510,645
65$602,113$309,731$246,157$511,810
66$622,722$284,102$213,597$512,412
67$644,148$255,931$178,661$512,410
68$666,434$225,054$141,229$511,765
69$689,625$191,297$101,175$510,433
70$713,771$154,474$58,368$508,369
71$738,925$114,393$12,673$505,528
72$765,143$70,846$0$501,862
73$792,487$23,617$0$502,327
74$821,023$0$0$504,067
75$850,823$0$0$514,376
76$881,963$0$0$533,304
77$914,526$0$0$553,107
78$948,603$0$0$573,839
79$984,290$0$0$595,563
80$1,021,695$0$0$618,342
81$1,060,930$0$0$642,250
82$1,102,120$0$0$667,362
83$1,145,400$0$0$693,763
84$1,190,917$0$0$721,544
85$1,238,831$0$0$750,805
86$1,289,314$0$0$781,654
87$1,342,557$0$0$814,209
88$1,398,765$0$0$848,599
89$1,458,163$0$0$884,964
90$1,520,997$0$0$923,457
91$1,587,534$0$0$964,245
92$1,658,067$0$0$1,007,512
93$1,732,915$0$0$1,053,456
94$1,812,427$0$0$1,102,297
95$1,896,987$0$0$1,154,273
96$1,987,013$0$0$1,209,647
97$2,082,961$0$0$1,268,704
98$2,185,335$0$0$1,331,759
99$2,294,683$0$0$1,399,155
100$2,411,607$0$0$1,471,270