Can I retire at age 57 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$34,766$34,456$34,154$33,859$33,571$32,840
2 years$17,211$16,890$16,580$16,278$15,986$15,253
3 years$11,360$11,038$10,728$10,430$10,142$9,430
4 years$8,435$8,114$7,807$7,514$7,234$6,548
5 years$6,681$6,362$6,059$5,771$5,499$4,842
6 years$5,511$5,195$4,896$4,616$4,351$3,723
7 years$4,676$4,362$4,069$3,795$3,539$2,940
8 years$4,051$3,739$3,451$3,183$2,936$2,366
9 years$3,564$3,256$2,972$2,711$2,472$1,931
10 years$3,175$2,870$2,591$2,337$2,106$1,594
11 years$2,857$2,555$2,281$2,034$1,812$1,327
12 years$2,592$2,293$2,025$1,784$1,570$1,112
13 years$2,368$2,072$1,809$1,575$1,369$937
14 years$2,176$1,884$1,625$1,398$1,200$793
15 years$2,010$1,721$1,467$1,247$1,057$673
16 years$1,865$1,579$1,330$1,117$934$574
17 years$1,737$1,454$1,211$1,003$828$490
18 years$1,624$1,344$1,105$904$736$420
19 years$1,522$1,245$1,012$817$656$360
20 years$1,431$1,157$928$740$586$309
21 years$1,348$1,078$854$672$525$266
22 years$1,274$1,006$787$611$470$229
23 years$1,205$941$727$556$422$198
24 years$1,143$882$672$507$379$170
25 years$1,085$827$623$463$341$147
26 years$1,033$778$577$423$307$127
27 years$984$732$536$388$277$110
28 years$938$690$498$355$250$95
29 years$896$651$464$326$226$82
30 years$857$614$432$299$204$71
31 years$820$581$403$275$185$62
32 years$786$550$376$252$167$53
33 years$754$520$351$232$151$46
34 years$724$493$328$213$137$40
35 years$695$468$306$196$124$35
36 years$669$444$287$181$112$30
37 years$643$422$268$167$102$26
38 years$620$401$251$154$92$23
39 years$597$381$235$142$84$20
40 years$576$363$221$131$76$17
41 years$555$345$207$121$69$15
42 years$536$329$194$111$62$13
43 years$518$313$182$103$57$11
44 years$500$299$171$95$51$10
45 years$484$285$161$88$47$8
46 years$468$272$151$81$42$7
47 years$453$259$142$75$39$6
48 years$438$247$133$69$35$5
49 years$424$236$125$64$32$5
50 years$411$226$118$59$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $421,000, adding $4,490 every year, while hoping to spend $32,495 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: 54/21/25 Blend
56$421,000$421,000$421,000$421,000
57$468,573$446,260$439,735$490,420
58$481,793$433,553$419,892$493,252
59$495,273$419,133$398,294$492,597
60$509,004$402,884$374,850$491,214
61$522,977$384,680$349,462$489,045
62$537,179$364,388$322,028$486,026
63$551,597$341,869$292,442$482,092
64$566,215$316,975$260,593$477,171
65$581,011$289,549$226,366$471,188
66$595,963$259,426$189,638$464,060
67$611,045$226,431$150,284$455,702
68$626,225$190,380$108,173$446,019
69$641,469$151,078$63,165$434,913
70$656,736$108,317$15,118$422,277
71$671,979$61,881$0$407,997
72$687,148$11,540$0$401,596
73$702,182$0$0$398,229
74$717,016$0$0$403,687
75$731,574$0$0$411,626
76$745,772$0$0$419,327
77$759,514$0$0$426,735
78$772,695$0$0$433,784
79$785,196$0$0$440,402
80$796,882$0$0$446,511
81$807,606$0$0$452,020
82$817,201$0$0$456,830
83$825,482$0$0$460,829
84$832,243$0$0$463,895
85$837,255$0$0$465,890
86$840,261$0$0$466,660
87$840,979$0$0$466,036
88$839,092$0$0$463,829
89$834,252$0$0$459,831
90$826,070$0$0$453,808
91$814,115$0$0$445,504
92$797,909$0$0$434,634
93$776,925$0$0$420,880
94$750,575$0$0$403,894
95$718,212$0$0$383,289
96$679,116$0$0$358,634
97$632,493$0$0$329,457
98$577,464$0$0$295,232
99$513,057$0$0$255,380
100$438,196$0$0$209,259