Can I retire at age 57 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$35,674$35,356$35,046$34,744$34,448$34,032
2 years$17,660$17,332$17,013$16,704$16,404$15,985
3 years$11,657$11,326$11,008$10,702$10,407$9,999
4 years$8,655$8,326$8,011$7,710$7,423$7,027
5 years$6,855$6,528$6,217$5,922$5,643$5,262
6 years$5,655$5,330$5,024$4,736$4,465$4,099
7 years$4,799$4,476$4,175$3,894$3,631$3,281
8 years$4,156$3,837$3,541$3,266$3,012$2,677
9 years$3,657$3,341$3,050$2,782$2,537$2,217
10 years$3,258$2,945$2,659$2,398$2,161$1,857
11 years$2,932$2,622$2,341$2,087$1,859$1,569
12 years$2,660$2,353$2,077$1,831$1,611$1,335
13 years$2,430$2,126$1,856$1,616$1,405$1,143
14 years$2,233$1,933$1,668$1,435$1,231$983
15 years$2,063$1,766$1,506$1,280$1,084$849
16 years$1,914$1,620$1,365$1,146$958$736
17 years$1,783$1,492$1,242$1,029$850$639
18 years$1,666$1,379$1,134$928$755$557
19 years$1,562$1,278$1,038$838$673$486
20 years$1,468$1,187$953$759$601$425
21 years$1,384$1,106$876$689$538$373
22 years$1,307$1,032$808$627$482$327
23 years$1,237$966$746$571$433$287
24 years$1,173$905$690$520$389$252
25 years$1,114$849$639$475$350$222
26 years$1,059$798$592$435$316$196
27 years$1,009$751$550$398$284$172
28 years$963$708$511$364$257$152
29 years$920$668$476$334$232$134
30 years$879$630$443$307$209$118
31 years$842$596$413$282$189$105
32 years$807$564$386$259$171$92
33 years$774$534$360$238$155$82
34 years$743$506$336$219$140$72
35 years$714$480$315$202$127$64
36 years$686$456$294$186$115$56
37 years$660$433$275$171$104$50
38 years$636$411$258$158$95$44
39 years$613$391$242$145$86$39
40 years$591$372$226$134$78$35
41 years$570$354$212$124$71$31
42 years$550$337$199$114$64$27
43 years$531$321$187$105$58$24
44 years$513$306$175$97$53$21
45 years$496$292$165$90$48$19
46 years$480$279$155$83$44$17
47 years$464$266$145$77$40$15
48 years$450$254$137$71$36$13
49 years$435$242$128$66$33$12
50 years$422$232$121$61$30$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $432,000, adding $5,044 every year, while hoping to spend $35,142 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: 31/46/23 Blend
56$432,000$432,000$432,000$432,000
57$481,267$458,371$451,675$492,636
58$492,965$443,440$429,415$486,772
59$504,679$426,600$405,232$476,972
60$516,373$407,720$379,024$465,702
61$528,006$386,662$350,684$452,855
62$539,533$363,279$320,103$438,321
63$550,903$337,417$287,164$421,978
64$562,057$308,912$251,745$403,700
65$572,930$277,592$213,722$383,350
66$583,449$243,273$172,961$360,785
67$593,531$205,764$129,326$335,851
68$603,084$164,860$82,672$308,383
69$612,006$120,345$32,848$278,207
70$620,181$71,993$0$245,136
71$627,481$19,562$0$213,960
72$633,763$0$0$188,406
73$638,868$0$0$179,051
74$642,618$0$0$179,097
75$644,815$0$0$178,574
76$645,242$0$0$177,406
77$643,653$0$0$175,508
78$639,779$0$0$172,787
79$633,320$0$0$169,138
80$623,943$0$0$164,448
81$611,280$0$0$158,587
82$594,921$0$0$151,416
83$574,414$0$0$142,778
84$549,258$0$0$132,501
85$518,898$0$0$120,392
86$482,721$0$0$106,242
87$440,046$0$0$89,816
88$390,124$0$0$70,855
89$332,123$0$0$49,074
90$265,125$0$0$24,158
91$188,116$0$0$0
92$99,974$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0