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%17.2%
1 years$34,683$34,374$34,073$33,779$33,491$32,511
2 years$17,170$16,850$16,540$16,240$15,948$14,968
3 years$11,333$11,012$10,703$10,405$10,118$9,169
4 years$8,415$8,095$7,789$7,496$7,216$6,306
5 years$6,665$6,346$6,044$5,758$5,486$4,617
6 years$5,498$5,182$4,885$4,605$4,341$3,513
7 years$4,665$4,352$4,059$3,786$3,530$2,745
8 years$4,041$3,731$3,443$3,176$2,929$2,185
9 years$3,556$3,248$2,965$2,705$2,466$1,763
10 years$3,167$2,863$2,585$2,332$2,101$1,438
11 years$2,850$2,549$2,276$2,029$1,807$1,182
12 years$2,586$2,288$2,020$1,780$1,566$978
13 years$2,363$2,067$1,805$1,571$1,366$814
14 years$2,171$1,879$1,621$1,395$1,197$680
15 years$2,006$1,717$1,464$1,244$1,054$570
16 years$1,861$1,575$1,327$1,114$932$479
17 years$1,733$1,451$1,208$1,001$826$404
18 years$1,620$1,340$1,102$902$734$341
19 years$1,518$1,242$1,009$815$655$288
20 years$1,427$1,154$926$738$585$244
21 years$1,345$1,075$852$670$523$207
22 years$1,270$1,004$785$609$469$176
23 years$1,202$939$725$555$421$149
24 years$1,140$880$671$506$378$127
25 years$1,083$825$621$462$341$108
26 years$1,030$776$576$422$307$92
27 years$981$730$535$387$277$78
28 years$936$688$497$354$250$66
29 years$894$649$463$325$225$57
30 years$855$613$431$298$204$48
31 years$818$579$402$274$184$41
32 years$784$548$375$252$167$35
33 years$752$519$350$231$151$30
34 years$722$492$327$213$136$25
35 years$694$467$306$196$124$22
36 years$667$443$286$181$112$19
37 years$642$421$268$166$101$16
38 years$618$400$251$153$92$13
39 years$596$380$235$141$83$11
40 years$574$362$220$130$76$10
41 years$554$344$206$120$69$8
42 years$535$328$194$111$62$7
43 years$516$312$182$102$57$6
44 years$499$298$171$95$51$5
45 years$482$284$160$87$47$4
46 years$467$271$150$81$42$4
47 years$452$259$141$75$38$3
48 years$437$247$133$69$35$3
49 years$423$236$125$64$32$2
50 years$410$225$117$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $420,000, adding $6,782 every year, while hoping to spend $23,737 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: 72/11/17 Blend
56$420,000$420,000$420,000$420,000
57$469,836$447,576$441,066$501,334
58$492,503$444,251$430,585$519,820
59$516,687$439,968$418,958$536,539
60$542,516$434,654$406,121$554,234
61$570,135$428,233$392,008$572,998
62$599,696$420,625$376,548$592,933
63$631,373$411,743$359,670$614,153
64$665,352$401,497$341,298$636,781
65$701,838$389,791$321,351$660,956
66$741,057$376,522$299,749$686,832
67$783,257$361,584$276,402$714,575
68$828,710$344,862$251,222$744,375
69$877,714$326,236$224,114$776,436
70$930,598$305,578$194,978$810,988
71$987,721$282,754$163,713$848,283
72$1,049,480$257,621$130,209$888,599
73$1,116,311$230,028$94,354$932,245
74$1,188,691$199,816$56,032$979,563
75$1,267,148$166,817$15,119$1,030,928
76$1,352,259$130,853$0$1,086,757
77$1,444,662$91,737$0$1,152,687
78$1,545,055$49,270$0$1,227,312
79$1,654,209$3,243$0$1,308,473
80$1,772,971$0$0$1,396,817
81$1,902,272$0$0$1,498,693
82$2,043,139$0$0$1,610,126
83$2,196,700$0$0$1,731,622
84$2,364,196$0$0$1,864,163
85$2,546,995$0$0$2,008,835
86$2,746,601$0$0$2,166,831
87$2,964,672$0$0$2,339,465
88$3,203,030$0$0$2,528,184
89$3,463,683$0$0$2,734,580
90$3,748,842$0$0$2,960,407
91$4,060,941$0$0$3,207,595
92$4,402,660$0$0$3,478,272
93$4,776,951$0$0$3,774,778
94$5,187,065$0$0$4,099,691
95$5,636,579$0$0$4,455,852
96$6,129,438$0$0$4,846,389
97$6,669,984$0$0$5,274,745
98$7,262,998$0$0$5,744,716
99$7,913,749$0$0$6,260,479
100$8,628,040$0$0$6,826,640