Can I retire at age 57 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$37,161$36,830$36,507$36,191$35,884$34,514
2 years$18,396$18,054$17,722$17,400$17,087$15,724
3 years$12,142$11,798$11,467$11,148$10,841$9,526
4 years$9,016$8,673$8,345$8,032$7,732$6,476
5 years$7,141$6,800$6,476$6,169$5,878$4,684
6 years$5,891$5,552$5,234$4,933$4,651$3,520
7 years$4,999$4,663$4,349$4,056$3,782$2,714
8 years$4,330$3,997$3,688$3,403$3,138$2,131
9 years$3,810$3,480$3,177$2,898$2,642$1,696
10 years$3,394$3,068$2,770$2,498$2,252$1,363
11 years$3,054$2,731$2,438$2,174$1,936$1,104
12 years$2,771$2,451$2,164$1,907$1,678$900
13 years$2,531$2,215$1,933$1,684$1,463$737
14 years$2,326$2,013$1,737$1,495$1,283$606
15 years$2,149$1,839$1,568$1,333$1,129$500
16 years$1,994$1,688$1,422$1,193$998$413
17 years$1,857$1,554$1,294$1,072$885$342
18 years$1,735$1,436$1,181$966$787$284
19 years$1,627$1,331$1,081$873$701$236
20 years$1,529$1,237$992$791$627$196
21 years$1,441$1,152$913$718$561$164
22 years$1,361$1,075$841$653$503$136
23 years$1,288$1,006$777$594$451$114
24 years$1,222$942$718$542$405$95
25 years$1,160$884$665$495$365$79
26 years$1,104$831$617$453$329$66
27 years$1,051$782$573$414$296$55
28 years$1,003$737$533$380$267$46
29 years$958$695$496$348$241$39
30 years$916$657$462$319$218$32
31 years$877$621$430$293$197$27
32 years$840$587$402$270$178$23
33 years$806$556$375$248$161$19
34 years$774$527$350$228$146$16
35 years$743$500$328$210$132$13
36 years$715$475$306$193$120$11
37 years$688$451$287$178$109$9
38 years$662$428$269$164$99$8
39 years$638$407$252$151$89$6
40 years$615$388$236$140$81$5
41 years$594$369$221$129$74$5
42 years$573$351$207$119$67$4
43 years$553$335$195$110$61$3
44 years$535$319$183$101$55$3
45 years$517$304$172$94$50$2
46 years$500$290$161$86$45$2
47 years$484$277$151$80$41$2
48 years$468$264$142$74$37$1
49 years$454$253$134$68$34$1
50 years$439$241$126$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $450,000, adding $2,145 every year, while hoping to spend $32,500 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: 51/32/17 Blend
56$450,000$450,000$450,000$450,000
57$498,113$474,263$467,288$521,087
58$514,340$462,922$448,362$525,776
59$531,134$449,936$427,713$527,307
60$548,517$435,190$405,249$528,263
61$566,514$418,563$380,873$528,599
62$585,152$399,925$354,485$528,268
63$604,457$379,142$325,980$527,224
64$624,460$356,067$295,249$525,414
65$645,190$330,551$262,175$522,785
66$666,682$302,430$226,641$519,281
67$688,970$271,536$188,520$514,841
68$712,092$237,687$147,681$509,404
69$736,086$200,695$103,990$502,905
70$760,996$160,358$57,303$495,274
71$786,866$116,464$7,471$486,440
72$813,745$68,790$0$476,328
73$841,684$17,097$0$473,149
74$870,738$0$0$470,516
75$900,966$0$0$480,701
76$932,433$0$0$497,578
77$965,205$0$0$515,163
78$999,357$0$0$533,497
79$1,034,967$0$0$552,623
80$1,072,119$0$0$572,588
81$1,110,906$0$0$593,444
82$1,151,427$0$0$615,243
83$1,193,787$0$0$638,047
84$1,238,104$0$0$661,917
85$1,284,500$0$0$686,925
86$1,333,113$0$0$713,144
87$1,384,089$0$0$740,656
88$1,437,586$0$0$769,550
89$1,493,778$0$0$799,922
90$1,552,853$0$0$831,875
91$1,615,015$0$0$865,524
92$1,680,486$0$0$900,993
93$1,749,509$0$0$938,416
94$1,822,347$0$0$977,939
95$1,899,287$0$0$1,019,724
96$1,980,644$0$0$1,063,945
97$2,066,759$0$0$1,110,794
98$2,158,007$0$0$1,160,478
99$2,254,796$0$0$1,213,226
100$2,357,573$0$0$1,269,287