Can I retire at age 57 with 423,000?

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 $423,000?

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$34,931$34,620$34,316$34,020$33,731$32,690
2 years$17,293$16,970$16,658$16,356$16,062$15,023
3 years$11,414$11,090$10,779$10,479$10,191$9,185
4 years$8,475$8,153$7,844$7,550$7,268$6,304
5 years$6,712$6,392$6,088$5,799$5,525$4,606
6 years$5,537$5,219$4,920$4,637$4,372$3,497
7 years$4,699$4,383$4,088$3,813$3,555$2,726
8 years$4,070$3,757$3,467$3,198$2,950$2,164
9 years$3,581$3,271$2,986$2,724$2,484$1,742
10 years$3,190$2,884$2,604$2,348$2,116$1,417
11 years$2,871$2,567$2,292$2,044$1,820$1,162
12 years$2,604$2,304$2,034$1,793$1,577$959
13 years$2,379$2,082$1,817$1,583$1,375$796
14 years$2,187$1,893$1,633$1,405$1,206$663
15 years$2,020$1,729$1,474$1,253$1,062$554
16 years$1,874$1,586$1,337$1,122$938$465
17 years$1,745$1,461$1,216$1,008$832$390
18 years$1,631$1,350$1,110$908$740$329
19 years$1,529$1,251$1,016$821$659$277
20 years$1,438$1,163$933$743$589$234
21 years$1,355$1,083$858$675$527$198
22 years$1,280$1,011$791$613$472$167
23 years$1,211$945$730$559$424$142
24 years$1,148$886$675$510$381$120
25 years$1,091$831$625$465$343$102
26 years$1,037$781$580$425$309$86
27 years$988$735$539$389$279$73
28 years$943$693$501$357$251$62
29 years$900$654$466$327$227$53
30 years$861$617$434$300$205$45
31 years$824$584$405$276$185$38
32 years$790$552$378$253$168$32
33 years$758$523$353$233$152$27
34 years$727$496$329$214$137$23
35 years$699$470$308$197$124$20
36 years$672$446$288$182$113$17
37 years$646$424$270$168$102$14
38 years$622$403$253$154$93$12
39 years$600$383$237$142$84$10
40 years$578$364$222$131$76$9
41 years$558$347$208$121$69$7
42 years$539$330$195$112$63$6
43 years$520$315$183$103$57$5
44 years$503$300$172$95$52$5
45 years$486$286$161$88$47$4
46 years$470$273$152$81$43$3
47 years$455$260$142$75$39$3
48 years$440$249$134$69$35$2
49 years$426$237$126$64$32$2
50 years$413$227$118$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $423,000, adding $5,346 every year, while hoping to spend $23,625 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: 66/14/20 Blend
56$423,000$423,000$423,000$423,000
57$471,660$449,241$442,685$500,081
58$494,633$446,117$432,378$516,679
59$519,157$442,049$420,934$531,617
60$545,365$436,964$408,290$547,384
61$573,405$430,787$394,380$564,064
62$603,435$423,439$379,135$581,746
63$635,632$414,834$362,482$600,530
64$670,189$404,883$344,348$620,529
65$707,317$393,490$324,652$641,865
66$747,248$380,556$303,312$664,677
67$790,237$365,973$280,243$689,116
68$836,564$349,629$255,354$715,350
69$886,537$331,404$228,552$743,567
70$940,493$311,172$199,738$773,974
71$998,804$288,800$168,810$806,799
72$1,061,878$264,147$135,660$842,297
73$1,130,163$237,064$100,178$880,749
74$1,204,152$207,392$62,247$922,467
75$1,284,387$174,967$21,744$967,795
76$1,371,465$139,611$0$1,017,115
77$1,466,041$101,138$0$1,075,433
78$1,568,837$59,353$0$1,143,882
79$1,680,645$14,049$0$1,218,364
80$1,802,339$0$0$1,299,481
81$1,934,880$0$0$1,393,289
82$2,079,323$0$0$1,497,905
83$2,236,833$0$0$1,612,010
84$2,408,690$0$0$1,736,536
85$2,596,302$0$0$1,872,507
86$2,801,222$0$0$2,021,051
87$3,025,157$0$0$2,183,408
88$3,269,987$0$0$2,360,947
89$3,537,781$0$0$2,555,172
90$3,830,820$0$0$2,767,740
91$4,151,612$0$0$3,000,476
92$4,502,922$0$0$3,255,390
93$4,887,793$0$0$3,534,695
94$5,309,576$0$0$3,840,826
95$5,771,962$0$0$4,176,470
96$6,279,017$0$0$4,544,581
97$6,835,219$0$0$4,948,416
98$7,445,500$0$0$5,391,562
99$8,115,291$0$0$5,877,968
100$8,850,577$0$0$6,411,986