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%13.5%
1 years$36,830$36,502$36,182$35,870$35,565$35,048
2 years$18,233$17,893$17,564$17,245$16,936$16,416
3 years$12,034$11,693$11,365$11,049$10,745$10,238
4 years$8,936$8,596$8,271$7,960$7,663$7,174
5 years$7,077$6,739$6,419$6,114$5,825$5,355
6 years$5,839$5,503$5,187$4,890$4,609$4,158
7 years$4,954$4,622$4,311$4,020$3,749$3,317
8 years$4,291$3,962$3,656$3,372$3,110$2,697
9 years$3,776$3,449$3,149$2,872$2,619$2,226
10 years$3,364$3,040$2,745$2,476$2,232$1,857
11 years$3,027$2,707$2,417$2,155$1,919$1,563
12 years$2,746$2,429$2,145$1,890$1,663$1,325
13 years$2,509$2,195$1,916$1,669$1,450$1,130
14 years$2,306$1,996$1,722$1,481$1,271$968
15 years$2,130$1,823$1,554$1,321$1,119$833
16 years$1,976$1,673$1,409$1,183$989$719
17 years$1,840$1,540$1,282$1,063$877$622
18 years$1,720$1,423$1,171$958$780$539
19 years$1,612$1,319$1,072$865$695$469
20 years$1,516$1,226$984$784$621$408
21 years$1,428$1,142$905$711$556$356
22 years$1,349$1,066$834$647$498$311
23 years$1,277$997$770$589$447$272
24 years$1,211$934$712$537$402$238
25 years$1,150$876$659$491$362$208
26 years$1,094$824$612$449$326$183
27 years$1,042$775$568$411$294$160
28 years$994$731$528$376$265$141
29 years$949$689$491$345$239$123
30 years$908$651$458$317$216$108
31 years$869$615$427$291$195$95
32 years$833$582$398$267$177$84
33 years$799$551$372$246$160$74
34 years$767$523$347$226$145$65
35 years$737$496$325$208$131$57
36 years$708$470$304$192$119$50
37 years$682$447$284$177$108$44
38 years$656$425$266$163$98$39
39 years$632$404$249$150$89$34
40 years$610$384$234$138$80$30
41 years$588$366$219$128$73$26
42 years$568$348$206$118$66$23
43 years$548$332$193$109$60$21
44 years$530$316$181$100$54$18
45 years$512$302$170$93$49$16
46 years$495$288$160$86$45$14
47 years$479$275$150$79$41$12
48 years$464$262$141$73$37$11
49 years$449$250$133$68$34$10
50 years$435$239$125$63$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $446,000, adding $4,155 every year, while hoping to spend $34,905 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: 54/24/22 Blend
56$446,000$446,000$446,000$446,000
57$495,778$472,140$465,227$519,354
58$509,209$458,136$443,673$521,994
59$522,839$442,276$420,228$520,869
60$536,654$424,433$394,790$518,903
61$550,632$404,470$367,256$516,027
62$564,753$382,245$337,515$512,168
63$578,990$357,607$305,453$507,245
64$593,312$330,395$270,952$501,174
65$607,686$300,441$233,885$493,864
66$622,073$267,565$194,123$485,216
67$636,429$231,580$151,530$475,125
68$650,701$192,284$105,963$463,480
69$664,835$149,468$57,275$450,159
70$678,764$102,908$5,310$435,033
71$692,417$52,370$0$417,963
72$705,712$0$0$410,571
73$718,557$0$0$403,653
74$730,849$0$0$410,213
75$742,474$0$0$416,353
76$753,302$0$0$421,994
77$763,190$0$0$427,050
78$771,978$0$0$431,426
79$779,487$0$0$435,014
80$785,518$0$0$437,694
81$789,850$0$0$439,334
82$792,236$0$0$439,788
83$792,403$0$0$438,890
84$790,046$0$0$436,459
85$784,829$0$0$432,294
86$776,378$0$0$426,170
87$764,276$0$0$417,839
88$748,064$0$0$407,028
89$727,233$0$0$393,430
90$701,216$0$0$376,709
91$669,390$0$0$356,492
92$631,063$0$0$332,366
93$585,467$0$0$303,873
94$531,757$0$0$270,509
95$468,996$0$0$231,714
96$396,148$0$0$186,871
97$312,067$0$0$135,297
98$215,489$0$0$76,238
99$105,015$0$0$8,859
100$0$0$0$0