Can I retire at age 57 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$34,683$34,374$34,073$33,779$33,491$32,368
2 years$17,170$16,850$16,540$16,240$15,948$14,827
3 years$11,333$11,012$10,703$10,405$10,118$9,035
4 years$8,415$8,095$7,789$7,496$7,216$6,179
5 years$6,665$6,346$6,044$5,758$5,486$4,498
6 years$5,498$5,182$4,885$4,605$4,341$3,402
7 years$4,665$4,352$4,059$3,786$3,530$2,641
8 years$4,041$3,731$3,443$3,176$2,929$2,089
9 years$3,556$3,248$2,965$2,705$2,466$1,674
10 years$3,167$2,863$2,585$2,332$2,101$1,356
11 years$2,850$2,549$2,276$2,029$1,807$1,107
12 years$2,586$2,288$2,020$1,780$1,566$909
13 years$2,363$2,067$1,805$1,571$1,366$751
14 years$2,171$1,879$1,621$1,395$1,197$623
15 years$2,006$1,717$1,464$1,244$1,054$518
16 years$1,861$1,575$1,327$1,114$932$432
17 years$1,733$1,451$1,208$1,001$826$361
18 years$1,620$1,340$1,102$902$734$302
19 years$1,518$1,242$1,009$815$655$254
20 years$1,427$1,154$926$738$585$213
21 years$1,345$1,075$852$670$523$179
22 years$1,270$1,004$785$609$469$151
23 years$1,202$939$725$555$421$127
24 years$1,140$880$671$506$378$107
25 years$1,083$825$621$462$341$90
26 years$1,030$776$576$422$307$76
27 years$981$730$535$387$277$64
28 years$936$688$497$354$250$54
29 years$894$649$463$325$225$46
30 years$855$613$431$298$204$39
31 years$818$579$402$274$184$33
32 years$784$548$375$252$167$27
33 years$752$519$350$231$151$23
34 years$722$492$327$213$136$20
35 years$694$467$306$196$124$17
36 years$667$443$286$181$112$14
37 years$642$421$268$166$101$12
38 years$618$400$251$153$92$10
39 years$596$380$235$141$83$8
40 years$574$362$220$130$76$7
41 years$554$344$206$120$69$6
42 years$535$328$194$111$62$5
43 years$516$312$182$102$57$4
44 years$499$298$171$95$51$4
45 years$482$284$160$87$47$3
46 years$467$271$150$81$42$3
47 years$452$259$141$75$38$2
48 years$437$247$133$69$35$2
49 years$423$236$125$64$32$2
50 years$410$225$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $420,000, adding $4,398 every year, while hoping to spend $34,324 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: 68/27/5 Blend
56$420,000$420,000$420,000$420,000
57$467,377$445,117$438,607$498,586
58$478,528$430,407$416,779$505,109
59$489,668$413,826$393,071$507,631
60$500,756$395,246$367,381$509,451
61$511,752$374,531$339,607$510,491
62$522,606$351,539$309,640$510,671
63$533,266$326,118$277,366$509,901
64$543,669$298,108$242,668$508,084
65$553,748$267,340$205,422$505,114
66$563,425$233,635$165,499$500,877
67$572,616$196,804$122,764$495,248
68$581,222$156,648$77,077$488,091
69$589,139$112,955$28,290$479,259
70$596,244$65,503$0$468,591
71$602,405$14,057$0$457,181
72$607,473$0$0$445,262
73$611,282$0$0$443,495
74$613,647$0$0$444,808
75$614,365$0$0$444,872
76$613,206$0$0$443,515
77$609,919$0$0$440,548
78$604,222$0$0$435,760
79$595,806$0$0$428,917
80$584,325$0$0$419,760
81$569,396$0$0$408,003
82$550,597$0$0$393,327
83$527,459$0$0$375,381
84$499,463$0$0$353,776
85$466,035$0$0$328,081
86$426,540$0$0$297,818
87$380,274$0$0$262,462
88$326,462$0$0$221,428
89$264,243$0$0$174,073
90$192,670$0$0$119,684
91$110,692$0$0$57,476
92$17,152$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0