Can I retire at age 57 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$35,757$35,438$35,127$34,824$34,528$33,639
2 years$17,701$17,372$17,052$16,742$16,442$15,552
3 years$11,684$11,353$11,034$10,727$10,431$9,569
4 years$8,675$8,345$8,030$7,728$7,440$6,611
5 years$6,871$6,543$6,231$5,936$5,656$4,862
6 years$5,668$5,343$5,036$4,747$4,475$3,719
7 years$4,810$4,487$4,185$3,903$3,639$2,920
8 years$4,166$3,846$3,549$3,274$3,019$2,336
9 years$3,666$3,349$3,057$2,789$2,543$1,896
10 years$3,266$2,952$2,665$2,404$2,166$1,555
11 years$2,938$2,628$2,346$2,092$1,863$1,286
12 years$2,666$2,358$2,082$1,835$1,615$1,070
13 years$2,436$2,131$1,860$1,620$1,408$896
14 years$2,238$1,937$1,672$1,438$1,234$753
15 years$2,068$1,770$1,509$1,283$1,087$635
16 years$1,918$1,624$1,368$1,148$960$537
17 years$1,787$1,495$1,245$1,032$852$456
18 years$1,670$1,382$1,137$930$757$387
19 years$1,565$1,281$1,041$840$675$330
20 years$1,472$1,190$955$761$603$281
21 years$1,387$1,109$878$691$539$240
22 years$1,310$1,035$810$628$484$205
23 years$1,240$968$747$572$434$176
24 years$1,175$907$691$522$390$150
25 years$1,116$851$640$476$351$129
26 years$1,062$800$594$436$316$110
27 years$1,012$753$551$399$285$95
28 years$965$709$513$365$257$81
29 years$922$669$477$335$232$70
30 years$881$632$444$307$210$60
31 years$844$597$414$282$190$51
32 years$808$565$386$259$172$44
33 years$775$535$361$239$155$38
34 years$744$507$337$220$141$33
35 years$715$481$315$202$127$28
36 years$688$457$295$186$115$24
37 years$662$434$276$171$105$21
38 years$637$412$258$158$95$18
39 years$614$392$242$146$86$15
40 years$592$373$227$134$78$13
41 years$571$355$213$124$71$11
42 years$551$338$200$114$64$10
43 years$532$322$187$106$58$8
44 years$514$307$176$98$53$7
45 years$497$293$165$90$48$6
46 years$481$279$155$83$44$5
47 years$465$267$146$77$40$5
48 years$451$254$137$71$36$4
49 years$436$243$129$66$33$3
50 years$423$232$121$61$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $433,000, adding $2,348 every year, while hoping to spend $32,510 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: 49/25/26 Blend
56$433,000$433,000$433,000$433,000
57$479,588$456,639$449,927$499,450
58$493,916$444,424$430,410$501,364
59$508,615$430,521$409,148$500,019
60$523,690$414,812$386,051$497,913
61$539,143$397,175$361,020$494,988
62$554,976$377,477$333,956$491,185
63$571,191$355,581$304,750$486,438
64$587,788$331,340$273,295$480,680
65$604,765$304,598$239,473$473,839
66$622,120$275,192$203,164$465,838
67$639,848$242,949$164,242$456,596
68$657,945$207,685$122,576$446,026
69$676,401$169,208$78,029$434,037
70$695,208$127,313$30,456$420,530
71$714,352$81,784$0$405,404
72$733,818$32,393$0$394,182
73$753,587$0$0$390,496
74$773,638$0$0$391,613
75$793,945$0$0$401,755
76$814,476$0$0$411,992
77$835,198$0$0$422,306
78$856,069$0$0$432,672
79$877,043$0$0$443,065
80$898,066$0$0$453,456
81$919,078$0$0$463,811
82$940,010$0$0$474,090
83$960,783$0$0$484,252
84$981,309$0$0$494,247
85$1,001,488$0$0$504,021
86$1,021,208$0$0$513,512
87$1,040,343$0$0$522,650
88$1,058,751$0$0$531,358
89$1,076,274$0$0$539,549
90$1,092,735$0$0$547,126
91$1,107,936$0$0$553,982
92$1,121,654$0$0$559,995
93$1,133,644$0$0$565,031
94$1,143,631$0$0$568,939
95$1,151,309$0$0$571,554
96$1,156,337$0$0$572,690
97$1,158,338$0$0$572,142
98$1,156,890$0$0$569,680
99$1,151,527$0$0$565,051
100$1,141,732$0$0$557,974