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%13.2%
1 years$36,417$36,093$35,776$35,468$35,166$34,698
2 years$18,028$17,693$17,367$17,052$16,746$16,275
3 years$11,900$11,562$11,238$10,925$10,624$10,165
4 years$8,836$8,500$8,178$7,871$7,577$7,134
5 years$6,998$6,664$6,347$6,046$5,760$5,333
6 years$5,773$5,441$5,129$4,835$4,558$4,148
7 years$4,899$4,570$4,262$3,975$3,707$3,314
8 years$4,243$3,917$3,615$3,334$3,075$2,700
9 years$3,733$3,411$3,113$2,840$2,590$2,232
10 years$3,326$3,006$2,714$2,448$2,207$1,866
11 years$2,993$2,676$2,390$2,131$1,898$1,573
12 years$2,715$2,402$2,121$1,869$1,644$1,336
13 years$2,481$2,171$1,895$1,650$1,434$1,142
14 years$2,280$1,973$1,702$1,465$1,257$980
15 years$2,106$1,803$1,537$1,306$1,107$845
16 years$1,954$1,654$1,394$1,170$978$730
17 years$1,820$1,523$1,268$1,051$867$634
18 years$1,701$1,407$1,158$947$771$551
19 years$1,594$1,304$1,060$856$687$480
20 years$1,499$1,212$973$775$614$419
21 years$1,412$1,129$895$703$549$366
22 years$1,334$1,054$824$640$493$320
23 years$1,263$986$761$582$442$281
24 years$1,197$924$704$531$397$246
25 years$1,137$867$652$485$358$216
26 years$1,082$815$605$444$322$190
27 years$1,030$767$562$406$290$167
28 years$983$722$522$372$262$147
29 years$939$681$486$341$237$129
30 years$898$644$453$313$214$114
31 years$859$608$422$288$193$100
32 years$823$576$394$264$175$88
33 years$790$545$368$243$158$78
34 years$758$517$343$224$143$69
35 years$728$490$321$206$130$61
36 years$700$465$300$190$118$53
37 years$674$442$281$175$107$47
38 years$649$420$263$161$97$42
39 years$625$399$247$148$88$37
40 years$603$380$231$137$79$32
41 years$582$362$217$126$72$29
42 years$561$344$203$117$65$25
43 years$542$328$191$108$59$22
44 years$524$313$179$99$54$20
45 years$507$298$168$92$49$17
46 years$490$284$158$85$44$15
47 years$474$271$148$78$40$14
48 years$459$259$139$72$37$12
49 years$444$247$131$67$33$11
50 years$431$236$123$62$30$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $441,000, adding $6,215 every year, while hoping to spend $20,627 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: 56/31/13 Blend
56$441,000$441,000$441,000$441,000
57$492,393$469,020$462,184$517,991
58$520,670$470,055$455,720$537,084
59$551,140$470,449$448,349$555,078
60$584,005$470,150$440,017$574,198
61$619,486$469,100$430,671$594,553
62$657,828$467,240$420,252$616,269
63$699,298$464,507$408,703$639,480
64$744,191$460,832$395,958$664,339
65$792,830$456,144$381,955$691,013
66$845,572$450,368$366,623$719,688
67$902,806$443,423$349,891$750,571
68$964,966$435,223$331,685$783,888
69$1,032,522$425,679$311,927$819,892
70$1,105,997$414,695$290,534$858,863
71$1,185,963$402,170$267,422$901,111
72$1,273,051$387,996$242,500$946,976
73$1,367,955$372,061$215,677$996,840
74$1,471,439$354,244$186,854$1,051,119
75$1,584,342$334,418$155,930$1,110,279
76$1,707,590$312,449$122,799$1,174,832
77$1,842,201$288,196$87,349$1,245,347
78$1,989,296$261,509$49,466$1,322,449
79$2,150,110$232,228$9,029$1,406,834
80$2,326,000$200,186$0$1,499,268
81$2,518,463$165,207$0$1,605,334
82$2,729,147$127,103$0$1,722,879
83$2,959,866$85,676$0$1,851,704
84$3,212,616$40,718$0$1,992,975
85$3,489,599$0$0$2,147,978
86$3,793,237$0$0$2,320,857
87$4,126,198$0$0$2,525,703
88$4,491,422$0$0$2,750,440
89$4,892,146$0$0$2,997,063
90$5,331,935$0$0$3,267,774
91$5,814,718$0$0$3,564,995
92$6,344,821$0$0$3,891,395
93$6,927,010$0$0$4,249,916
94$7,566,536$0$0$4,643,796
95$8,269,182$0$0$5,076,605
96$9,041,319$0$0$5,552,272
97$9,889,968$0$0$6,075,130
98$10,822,862$0$0$6,649,950
99$11,848,521$0$0$7,281,990
100$12,976,331$0$0$7,977,040