Can I retire at age 57 with 451,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$37,243$36,911$36,588$36,272$35,963$34,966
2 years$18,437$18,094$17,761$17,438$17,125$16,128
3 years$12,169$11,825$11,493$11,173$10,865$9,899
4 years$9,036$8,692$8,364$8,049$7,749$6,822
5 years$7,157$6,815$6,491$6,183$5,891$5,005
6 years$5,904$5,565$5,245$4,944$4,661$3,817
7 years$5,010$4,673$4,359$4,065$3,791$2,989
8 years$4,339$4,006$3,697$3,410$3,145$2,384
9 years$3,818$3,488$3,184$2,905$2,648$1,929
10 years$3,401$3,074$2,776$2,504$2,257$1,577
11 years$3,061$2,737$2,444$2,179$1,941$1,300
12 years$2,777$2,457$2,169$1,911$1,682$1,079
13 years$2,537$2,220$1,938$1,687$1,467$900
14 years$2,331$2,018$1,741$1,498$1,286$754
15 years$2,154$1,843$1,572$1,336$1,132$634
16 years$1,998$1,691$1,425$1,196$1,000$534
17 years$1,861$1,558$1,297$1,075$887$451
18 years$1,739$1,439$1,184$969$789$382
19 years$1,631$1,334$1,084$875$703$324
20 years$1,533$1,240$995$793$628$275
21 years$1,444$1,155$915$719$562$234
22 years$1,364$1,078$843$654$504$199
23 years$1,291$1,008$779$596$452$170
24 years$1,224$944$720$543$406$145
25 years$1,163$886$667$496$366$124
26 years$1,106$833$618$454$329$105
27 years$1,054$784$574$415$297$90
28 years$1,005$739$534$380$268$77
29 years$960$697$497$349$242$66
30 years$918$658$463$320$219$56
31 years$879$622$431$294$198$48
32 years$842$589$403$270$179$41
33 years$808$557$376$249$162$35
34 years$775$528$351$229$147$30
35 years$745$501$328$210$133$26
36 years$716$476$307$194$120$22
37 years$689$452$287$179$109$19
38 years$664$429$269$165$99$16
39 years$640$408$252$152$90$14
40 years$617$388$236$140$81$12
41 years$595$370$222$129$74$10
42 years$574$352$208$119$67$9
43 years$555$336$195$110$61$7
44 years$536$320$183$102$55$6
45 years$518$305$172$94$50$5
46 years$501$291$162$87$45$5
47 years$485$278$152$80$41$4
48 years$469$265$143$74$37$3
49 years$455$253$134$68$34$3
50 years$440$242$126$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $451,000, adding $6,903 every year, while hoping to spend $29,821 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: 33/46/21 Blend
56$451,000$451,000$451,000$451,000
57$504,122$480,219$473,229$517,311
58$523,814$472,021$457,353$519,527
59$544,514$462,421$439,945$518,708
60$566,294$451,320$420,924$517,209
61$589,233$438,612$400,202$514,988
62$613,415$424,183$377,688$512,003
63$638,932$407,917$353,289$508,209
64$665,884$389,686$326,906$503,561
65$694,382$369,358$298,434$498,012
66$724,544$346,792$267,767$491,515
67$756,502$321,840$234,792$484,021
68$790,399$294,343$199,391$475,480
69$826,390$264,136$161,441$465,842
70$864,647$231,044$120,814$455,057
71$905,355$194,879$77,376$443,075
72$948,720$155,447$30,987$429,844
73$994,965$112,540$0$415,314
74$1,044,336$65,939$0$403,586
75$1,097,101$15,412$0$398,141
76$1,153,555$0$0$392,018
77$1,214,020$0$0$405,094
78$1,278,851$0$0$427,523
79$1,348,436$0$0$451,646
80$1,423,202$0$0$477,616
81$1,503,617$0$0$505,601
82$1,590,194$0$0$535,788
83$1,683,498$0$0$568,380
84$1,784,149$0$0$603,602
85$1,892,828$0$0$641,699
86$2,010,283$0$0$682,944
87$2,137,337$0$0$727,632
88$2,274,893$0$0$776,093
89$2,423,945$0$0$828,684
90$2,585,587$0$0$885,804
91$2,761,020$0$0$947,886
92$2,951,566$0$0$1,015,410
93$3,158,679$0$0$1,088,903
94$3,383,958$0$0$1,168,945
95$3,629,162$0$0$1,256,173
96$3,896,229$0$0$1,351,291
97$4,187,289$0$0$1,455,071
98$4,504,686$0$0$1,568,364
99$4,851,003$0$0$1,692,106
100$5,229,079$0$0$1,827,329