Can I retire at age 57 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$35,509$35,193$34,884$34,583$34,289$33,596
2 years$17,579$17,251$16,934$16,626$16,328$15,634
3 years$11,603$11,274$10,957$10,653$10,359$9,684
4 years$8,615$8,288$7,974$7,675$7,388$6,738
5 years$6,823$6,498$6,188$5,895$5,616$4,993
6 years$5,629$5,306$5,001$4,714$4,444$3,848
7 years$4,776$4,456$4,156$3,876$3,614$3,045
8 years$4,137$3,819$3,525$3,251$2,998$2,457
9 years$3,640$3,325$3,036$2,769$2,525$2,010
10 years$3,243$2,931$2,647$2,387$2,151$1,663
11 years$2,918$2,610$2,330$2,078$1,850$1,387
12 years$2,648$2,342$2,068$1,822$1,603$1,166
13 years$2,419$2,117$1,847$1,609$1,398$985
14 years$2,223$1,924$1,660$1,428$1,226$836
15 years$2,053$1,758$1,499$1,274$1,079$712
16 years$1,905$1,613$1,359$1,140$954$608
17 years$1,774$1,485$1,236$1,025$846$521
18 years$1,658$1,372$1,129$923$752$448
19 years$1,555$1,272$1,033$834$670$385
20 years$1,461$1,182$948$756$599$332
21 years$1,377$1,101$872$686$536$286
22 years$1,301$1,028$804$624$480$247
23 years$1,231$961$742$568$431$214
24 years$1,167$900$686$518$387$185
25 years$1,109$845$636$473$349$160
26 years$1,055$794$590$433$314$139
27 years$1,005$747$548$396$283$121
28 years$958$704$509$363$255$105
29 years$915$664$474$333$231$91
30 years$875$627$441$305$208$79
31 years$838$593$411$280$188$68
32 years$803$561$384$258$170$59
33 years$770$532$358$237$154$52
34 years$739$504$335$218$140$45
35 years$710$478$313$201$127$39
36 years$683$454$293$185$115$34
37 years$657$431$274$170$104$30
38 years$633$409$257$157$94$26
39 years$610$389$240$145$85$22
40 years$588$370$225$133$77$19
41 years$567$353$211$123$70$17
42 years$547$336$198$114$64$15
43 years$529$320$186$105$58$13
44 years$511$305$175$97$53$11
45 years$494$291$164$89$48$10
46 years$478$277$154$83$43$8
47 years$462$265$145$76$39$7
48 years$447$253$136$71$36$6
49 years$433$241$128$65$32$6
50 years$420$231$120$60$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $430,000, adding $5,561 every year, while hoping to spend $20,178 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: 60/15/25 Blend
56$430,000$430,000$430,000$430,000
57$479,596$456,806$450,141$504,851
58$507,046$457,720$443,752$523,587
59$536,619$458,003$436,472$541,356
60$568,511$457,602$428,251$560,310
61$602,936$456,462$419,034$580,566
62$640,131$454,524$408,767$602,259
63$680,354$451,725$397,390$625,533
64$723,890$447,999$384,843$650,552
65$771,052$443,277$371,060$677,494
66$822,184$437,482$355,975$706,558
67$877,665$430,537$339,519$737,963
68$937,911$422,357$321,617$771,954
69$1,003,380$412,855$302,193$808,800
70$1,074,575$401,936$281,167$848,797
71$1,152,052$389,500$258,456$892,275
72$1,236,418$375,443$233,972$939,598
73$1,328,346$359,653$207,623$991,169
74$1,428,574$342,013$179,315$1,047,432
75$1,537,915$322,397$148,948$1,108,881
76$1,657,262$300,675$116,418$1,176,059
77$1,787,601$276,706$81,616$1,249,566
78$1,930,015$250,343$44,429$1,330,068
79$2,085,698$221,432$4,739$1,418,298
80$2,255,964$189,806$0$1,515,068
81$2,442,259$155,293$0$1,631,307
82$2,646,175$117,709$0$1,759,972
83$2,869,468$76,859$0$1,900,927
84$3,114,068$32,540$0$2,055,417
85$3,382,102$0$0$2,224,812
86$3,675,914$0$0$2,413,180
87$3,998,083$0$0$2,625,652
88$4,351,450$0$0$2,858,736
89$4,739,146$0$0$3,114,499
90$5,164,619$0$0$3,395,222
91$5,631,665$0$0$3,703,415
92$6,144,468$0$0$4,041,843
93$6,707,635$0$0$4,413,552
94$7,326,244$0$0$4,821,897
95$8,005,884$0$0$5,270,576
96$8,752,718$0$0$5,763,660
97$9,573,531$0$0$6,305,637
98$10,475,800$0$0$6,901,450
99$11,467,762$0$0$7,556,543
100$12,558,493$0$0$8,276,917