Can I retire at age 57 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$35,179$34,865$34,560$34,261$33,970$33,311
2 years$17,415$17,091$16,777$16,472$16,176$15,515
3 years$11,495$11,169$10,856$10,554$10,263$9,620
4 years$8,535$8,210$7,900$7,603$7,320$6,700
5 years$6,760$6,437$6,131$5,840$5,564$4,970
6 years$5,577$5,256$4,955$4,670$4,403$3,834
7 years$4,732$4,414$4,117$3,840$3,581$3,038
8 years$4,099$3,784$3,492$3,221$2,970$2,454
9 years$3,606$3,295$3,007$2,744$2,502$2,010
10 years$3,213$2,904$2,622$2,365$2,131$1,665
11 years$2,891$2,585$2,308$2,058$1,833$1,391
12 years$2,623$2,320$2,049$1,805$1,589$1,170
13 years$2,396$2,097$1,830$1,594$1,385$990
14 years$2,202$1,906$1,645$1,415$1,214$841
15 years$2,034$1,741$1,485$1,262$1,069$718
16 years$1,887$1,598$1,346$1,130$945$614
17 years$1,758$1,471$1,225$1,015$838$527
18 years$1,643$1,360$1,118$915$745$453
19 years$1,540$1,260$1,024$827$664$390
20 years$1,448$1,171$939$749$593$337
21 years$1,364$1,091$864$679$531$291
22 years$1,289$1,018$796$618$476$252
23 years$1,220$952$735$563$427$218
24 years$1,156$892$680$513$384$189
25 years$1,098$837$630$469$345$164
26 years$1,045$787$584$429$311$142
27 years$995$740$542$392$281$124
28 years$949$698$504$359$253$108
29 years$907$658$469$330$229$93
30 years$867$622$437$302$207$81
31 years$830$588$408$278$187$71
32 years$795$556$380$255$169$62
33 years$763$527$355$235$153$54
34 years$732$499$332$216$138$47
35 years$704$473$310$199$125$41
36 years$677$449$290$183$114$35
37 years$651$427$272$169$103$31
38 years$627$406$254$156$93$27
39 years$604$386$238$143$85$23
40 years$582$367$223$132$77$20
41 years$562$349$209$122$70$18
42 years$542$333$196$113$63$15
43 years$524$317$184$104$57$13
44 years$506$302$173$96$52$12
45 years$489$288$162$89$47$10
46 years$473$275$153$82$43$9
47 years$458$262$143$76$39$8
48 years$443$250$135$70$35$7
49 years$429$239$127$65$32$6
50 years$416$228$119$60$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $426,000, adding $2,954 every year, while hoping to spend $22,765 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: 59/26/15 Blend
56$426,000$426,000$426,000$426,000
57$472,499$449,921$443,318$498,409
58$496,472$447,745$433,947$514,075
59$522,128$444,700$423,500$528,365
60$549,613$440,719$411,915$543,415
61$579,090$435,730$399,131$559,301
62$610,736$429,660$385,081$576,108
63$644,746$422,429$369,696$593,931
64$681,335$413,952$352,905$612,875
65$720,736$404,141$334,633$633,056
66$763,208$392,901$314,800$654,604
67$809,035$380,133$293,326$677,664
68$858,527$365,730$270,123$702,397
69$912,027$349,581$245,102$728,979
70$969,911$331,568$218,170$757,610
71$1,032,592$311,565$189,229$788,508
72$1,100,525$289,440$158,177$821,917
73$1,174,209$265,053$124,906$858,108
74$1,254,194$238,256$89,306$897,379
75$1,341,084$208,892$51,260$940,065
76$1,435,544$176,798$10,647$986,532
77$1,538,306$141,797$0$1,037,190
78$1,650,174$103,706$0$1,097,723
79$1,772,034$62,330$0$1,165,560
80$1,904,860$17,462$0$1,239,571
81$2,049,725$0$0$1,320,394
82$2,207,809$0$0$1,417,636
83$2,380,411$0$0$1,529,297
84$2,568,962$0$0$1,651,310
85$2,775,037$0$0$1,784,697
86$3,000,368$0$0$1,930,587
87$3,246,865$0$0$2,090,218
88$3,516,629$0$0$2,264,957
89$3,811,974$0$0$2,456,308
90$4,135,449$0$0$2,665,927
91$4,489,860$0$0$2,895,638
92$4,878,298$0$0$3,147,449
93$5,304,166$0$0$3,423,574
94$5,771,213$0$0$3,726,449
95$6,283,570$0$0$4,058,757
96$6,845,782$0$0$4,423,456
97$7,462,862$0$0$4,823,801
98$8,140,325$0$0$5,263,380
99$8,884,252$0$0$5,746,143
100$9,701,338$0$0$6,276,445