Can I retire at age 57 with 442,000?

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 $442,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$36,500$36,175$35,858$35,548$35,246$33,968
2 years$18,069$17,733$17,407$17,090$16,784$15,511
3 years$11,927$11,589$11,263$10,950$10,648$9,420
4 years$8,856$8,519$8,197$7,889$7,594$6,420
5 years$7,014$6,679$6,361$6,059$5,773$4,655
6 years$5,786$5,454$5,141$4,846$4,568$3,508
7 years$4,910$4,580$4,272$3,984$3,715$2,713
8 years$4,253$3,926$3,623$3,342$3,082$2,136
9 years$3,742$3,418$3,120$2,847$2,596$1,705
10 years$3,333$3,013$2,720$2,454$2,212$1,375
11 years$2,999$2,682$2,395$2,136$1,902$1,117
12 years$2,721$2,408$2,126$1,873$1,648$914
13 years$2,486$2,176$1,899$1,654$1,437$751
14 years$2,285$1,978$1,706$1,468$1,260$619
15 years$2,111$1,807$1,541$1,309$1,109$513
16 years$1,958$1,658$1,397$1,172$980$425
17 years$1,824$1,527$1,271$1,053$869$354
18 years$1,705$1,411$1,160$949$773$295
19 years$1,598$1,307$1,062$858$689$246
20 years$1,502$1,215$975$777$615$205
21 years$1,416$1,132$897$705$551$172
22 years$1,337$1,056$826$641$494$144
23 years$1,265$988$763$584$443$120
24 years$1,200$926$706$532$398$101
25 years$1,140$869$654$486$358$84
26 years$1,084$816$606$445$323$71
27 years$1,033$768$563$407$291$59
28 years$985$724$523$373$263$50
29 years$941$683$487$342$237$42
30 years$900$645$454$314$214$35
31 years$861$610$423$288$194$30
32 years$825$577$395$265$175$25
33 years$792$546$368$244$159$21
34 years$760$518$344$224$144$17
35 years$730$491$322$206$130$15
36 years$702$466$301$190$118$12
37 years$675$443$282$175$107$10
38 years$650$421$264$161$97$9
39 years$627$400$247$149$88$7
40 years$604$381$232$137$80$6
41 years$583$362$217$127$72$5
42 years$563$345$204$117$66$4
43 years$543$329$191$108$59$4
44 years$525$313$180$100$54$3
45 years$508$299$169$92$49$3
46 years$491$285$158$85$45$2
47 years$475$272$149$78$40$2
48 years$460$260$140$73$37$2
49 years$445$248$131$67$33$1
50 years$432$237$124$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $442,000, adding $2,367 every year, while hoping to spend $21,213 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: 71/23/6 Blend
56$442,000$442,000$442,000$442,000
57$489,526$466,100$459,249$523,739
58$516,887$466,368$452,063$546,910
59$546,328$465,939$443,926$569,398
60$578,038$464,755$434,782$593,419
61$612,227$462,756$424,576$619,119
62$649,123$459,880$413,248$646,657
63$688,977$456,058$400,735$676,210
64$732,066$451,218$386,973$707,974
65$778,693$445,284$371,894$742,163
66$829,194$438,177$355,426$779,016
67$883,934$429,810$337,495$818,793
68$943,317$420,093$318,024$861,785
69$1,007,789$408,931$296,931$908,310
70$1,077,836$396,222$274,131$958,722
71$1,153,997$381,858$249,536$1,013,410
72$1,236,862$365,726$223,053$1,072,802
73$1,327,082$347,707$194,585$1,137,373
74$1,425,372$327,672$164,031$1,207,646
75$1,532,520$305,488$131,286$1,284,198
76$1,649,393$281,013$96,240$1,367,666
77$1,776,944$254,095$58,777$1,458,754
78$1,916,224$224,577$18,777$1,558,237
79$2,068,388$192,291$0$1,666,971
80$2,234,709$157,059$0$1,787,432
81$2,416,588$118,694$0$1,920,515
82$2,615,568$76,998$0$2,066,176
83$2,833,348$31,762$0$2,225,692
84$3,071,797$0$0$2,400,475
85$3,332,976$0$0$2,596,441
86$3,619,152$0$0$2,819,994
87$3,932,824$0$0$3,065,049
88$4,276,743$0$0$3,333,757
89$4,653,939$0$0$3,628,491
90$5,067,749$0$0$3,951,860
91$5,521,850$0$0$4,306,740
92$6,020,291$0$0$4,696,299
93$6,567,532$0$0$5,124,028
94$7,168,486$0$0$5,593,768
95$7,828,566$0$0$6,109,756
96$8,553,735$0$0$6,676,655
97$9,350,560$0$0$7,299,604
98$10,226,279$0$0$7,984,265
99$11,188,862$0$0$8,736,875
100$12,247,094$0$0$9,564,305