Can I retire at age 57 with 441,000?

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 $441,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$36,417$36,093$35,776$35,468$35,166$33,851
2 years$18,028$17,693$17,367$17,052$16,746$15,436
3 years$11,900$11,562$11,238$10,925$10,624$9,361
4 years$8,836$8,500$8,178$7,871$7,577$6,370
5 years$6,998$6,664$6,347$6,046$5,760$4,612
6 years$5,773$5,441$5,129$4,835$4,558$3,470
7 years$4,899$4,570$4,262$3,975$3,707$2,678
8 years$4,243$3,917$3,615$3,334$3,075$2,105
9 years$3,733$3,411$3,113$2,840$2,590$1,677
10 years$3,326$3,006$2,714$2,448$2,207$1,350
11 years$2,993$2,676$2,390$2,131$1,898$1,095
12 years$2,715$2,402$2,121$1,869$1,644$894
13 years$2,481$2,171$1,895$1,650$1,434$733
14 years$2,280$1,973$1,702$1,465$1,257$603
15 years$2,106$1,803$1,537$1,306$1,107$498
16 years$1,954$1,654$1,394$1,170$978$413
17 years$1,820$1,523$1,268$1,051$867$342
18 years$1,701$1,407$1,158$947$771$285
19 years$1,594$1,304$1,060$856$687$237
20 years$1,499$1,212$973$775$614$197
21 years$1,412$1,129$895$703$549$165
22 years$1,334$1,054$824$640$493$137
23 years$1,263$986$761$582$442$115
24 years$1,197$924$704$531$397$96
25 years$1,137$867$652$485$358$80
26 years$1,082$815$605$444$322$67
27 years$1,030$767$562$406$290$56
28 years$983$722$522$372$262$47
29 years$939$681$486$341$237$39
30 years$898$644$453$313$214$33
31 years$859$608$422$288$193$28
32 years$823$576$394$264$175$23
33 years$790$545$368$243$158$19
34 years$758$517$343$224$143$16
35 years$728$490$321$206$130$14
36 years$700$465$300$190$118$11
37 years$674$442$281$175$107$10
38 years$649$420$263$161$97$8
39 years$625$399$247$148$88$7
40 years$603$380$231$137$79$6
41 years$582$362$217$126$72$5
42 years$561$344$203$117$65$4
43 years$542$328$191$108$59$3
44 years$524$313$179$99$54$3
45 years$507$298$168$92$49$2
46 years$490$284$158$85$44$2
47 years$474$271$148$78$40$2
48 years$459$259$139$72$37$1
49 years$444$247$131$67$33$1
50 years$431$236$123$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $441,000, adding $2,515 every year, while hoping to spend $21,114 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: 58/32/10 Blend
56$441,000$441,000$441,000$441,000
57$488,576$465,203$458,368$515,607
58$515,946$465,533$451,258$534,436
59$545,400$465,171$443,202$552,363
60$577,128$464,062$434,147$571,391
61$611,339$462,145$424,035$591,628
62$648,263$459,358$412,808$613,194
63$688,153$455,633$400,404$636,220
64$731,284$450,900$386,757$660,853
65$777,963$445,082$371,801$687,256
66$828,524$438,099$355,465$715,609
67$883,335$429,868$337,675$746,111
68$942,802$420,297$318,353$778,984
69$1,007,369$409,293$297,420$814,470
70$1,077,526$396,754$274,789$852,842
71$1,153,813$382,574$250,373$894,398
72$1,236,822$366,641$224,081$939,471
73$1,327,205$348,834$195,815$988,427
74$1,425,681$329,027$165,476$1,041,673
75$1,533,039$307,088$132,958$1,099,658
76$1,650,148$282,875$98,152$1,162,878
77$1,777,966$256,239$60,943$1,231,884
78$1,917,546$227,022$21,211$1,307,284
79$2,070,047$195,057$0$1,389,750
80$2,236,746$160,169$0$1,482,286
81$2,419,048$122,171$0$1,586,016
82$2,618,501$80,867$0$1,699,597
83$2,836,808$36,050$0$1,824,048
84$3,075,846$0$0$1,960,496
85$3,337,681$0$0$2,114,584
86$3,624,589$0$0$2,297,374
87$3,939,074$0$0$2,497,772
88$4,283,898$0$0$2,717,542
89$4,662,099$0$0$2,958,625
90$5,077,026$0$0$3,223,162
91$5,532,366$0$0$3,513,509
92$6,032,182$0$0$3,832,260
93$6,580,947$0$0$4,182,276
94$7,183,592$0$0$4,566,706
95$7,845,544$0$0$4,989,020
96$8,572,787$0$0$5,453,040
97$9,371,909$0$0$5,962,977
98$10,250,169$0$0$6,523,470
99$11,215,565$0$0$7,139,630
100$12,276,908$0$0$7,817,087