Can I retire at age 57 with 446,000?

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 $446,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$36,830$36,502$36,182$35,870$35,565$34,761
2 years$18,233$17,893$17,564$17,245$16,936$16,131
3 years$12,034$11,693$11,365$11,049$10,745$9,963
4 years$8,936$8,596$8,271$7,960$7,663$6,911
5 years$7,077$6,739$6,419$6,114$5,825$5,105
6 years$5,839$5,503$5,187$4,890$4,609$3,921
7 years$4,954$4,622$4,311$4,020$3,749$3,093
8 years$4,291$3,962$3,656$3,372$3,110$2,486
9 years$3,776$3,449$3,149$2,872$2,619$2,027
10 years$3,364$3,040$2,745$2,476$2,232$1,671
11 years$3,027$2,707$2,417$2,155$1,919$1,389
12 years$2,746$2,429$2,145$1,890$1,663$1,162
13 years$2,509$2,195$1,916$1,669$1,450$978
14 years$2,306$1,996$1,722$1,481$1,271$827
15 years$2,130$1,823$1,554$1,321$1,119$701
16 years$1,976$1,673$1,409$1,183$989$597
17 years$1,840$1,540$1,282$1,063$877$509
18 years$1,720$1,423$1,171$958$780$435
19 years$1,612$1,319$1,072$865$695$373
20 years$1,516$1,226$984$784$621$320
21 years$1,428$1,142$905$711$556$275
22 years$1,349$1,066$834$647$498$236
23 years$1,277$997$770$589$447$203
24 years$1,211$934$712$537$402$175
25 years$1,150$876$659$491$362$151
26 years$1,094$824$612$449$326$130
27 years$1,042$775$568$411$294$112
28 years$994$731$528$376$265$97
29 years$949$689$491$345$239$84
30 years$908$651$458$317$216$72
31 years$869$615$427$291$195$63
32 years$833$582$398$267$177$54
33 years$799$551$372$246$160$47
34 years$767$523$347$226$145$40
35 years$737$496$325$208$131$35
36 years$708$470$304$192$119$30
37 years$682$447$284$177$108$26
38 years$656$425$266$163$98$23
39 years$632$404$249$150$89$20
40 years$610$384$234$138$80$17
41 years$588$366$219$128$73$15
42 years$568$348$206$118$66$13
43 years$548$332$193$109$60$11
44 years$530$316$181$100$54$10
45 years$512$302$170$93$49$8
46 years$495$288$160$86$45$7
47 years$479$275$150$79$41$6
48 years$464$262$141$73$37$5
49 years$449$250$133$68$34$5
50 years$435$239$125$63$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $446,000, adding $2,168 every year, while hoping to spend $36,144 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: 55/34/11 Blend
56$446,000$446,000$446,000$446,000
57$493,728$470,090$463,177$519,396
58$505,632$454,668$440,237$521,613
59$517,538$437,278$415,316$519,887
60$529,409$417,787$388,312$517,156
61$541,202$396,052$359,113$513,330
62$552,868$371,922$327,607$508,315
63$564,353$345,238$293,674$502,006
64$575,594$315,833$257,190$494,292
65$586,524$283,527$218,025$485,053
66$597,062$248,133$176,042$474,160
67$607,124$209,453$131,100$461,472
68$616,610$167,276$83,052$446,838
69$625,412$121,380$31,741$430,097
70$633,407$71,531$0$411,072
71$640,461$17,482$0$392,275
72$646,421$0$0$374,952
73$651,119$0$0$370,522
74$654,367$0$0$371,731
75$655,957$0$0$371,911
76$655,657$0$0$370,920
77$653,209$0$0$368,603
78$648,327$0$0$364,784
79$640,695$0$0$359,271
80$629,962$0$0$351,850
81$615,736$0$0$342,284
82$597,588$0$0$330,310
83$575,038$0$0$315,638
84$547,558$0$0$297,947
85$514,562$0$0$276,879
86$475,401$0$0$252,041
87$429,359$0$0$222,998
88$375,643$0$0$189,268
89$313,376$0$0$150,318
90$241,590$0$0$105,561
91$159,214$0$0$54,345
92$65,064$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