Can I retire at age 57 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$37,408$37,075$36,750$36,433$36,123$35,264
2 years$18,519$18,174$17,840$17,516$17,201$16,341
3 years$12,223$11,877$11,544$11,222$10,913$10,078
4 years$9,076$8,731$8,401$8,085$7,783$6,980
5 years$7,188$6,845$6,519$6,210$5,917$5,148
6 years$5,930$5,590$5,269$4,966$4,682$3,948
7 years$5,032$4,694$4,378$4,083$3,808$3,109
8 years$4,358$4,024$3,713$3,425$3,159$2,495
9 years$3,835$3,503$3,198$2,918$2,660$2,030
10 years$3,416$3,088$2,788$2,515$2,267$1,670
11 years$3,074$2,749$2,455$2,189$1,949$1,386
12 years$2,789$2,467$2,178$1,920$1,689$1,157
13 years$2,548$2,230$1,946$1,695$1,473$972
14 years$2,342$2,027$1,749$1,505$1,291$820
15 years$2,163$1,852$1,579$1,342$1,137$694
16 years$2,007$1,699$1,431$1,201$1,005$589
17 years$1,869$1,565$1,303$1,079$891$502
18 years$1,747$1,446$1,189$973$792$428
19 years$1,638$1,340$1,089$879$706$366
20 years$1,540$1,245$999$796$631$313
21 years$1,451$1,160$919$723$564$268
22 years$1,370$1,083$847$657$506$230
23 years$1,297$1,012$782$598$454$198
24 years$1,230$949$723$546$408$170
25 years$1,168$890$670$498$367$146
26 years$1,111$837$621$456$331$126
27 years$1,058$787$577$417$298$108
28 years$1,010$742$536$382$269$93
29 years$964$700$499$350$243$80
30 years$922$661$465$322$220$69
31 years$883$625$433$295$199$60
32 years$846$591$404$271$180$51
33 years$811$560$378$250$163$44
34 years$779$531$353$230$147$38
35 years$748$503$330$211$133$33
36 years$719$478$309$195$121$28
37 years$692$454$289$179$109$25
38 years$667$431$270$165$99$21
39 years$642$410$253$152$90$18
40 years$619$390$237$141$82$16
41 years$597$371$223$130$74$14
42 years$577$354$209$120$67$12
43 years$557$337$196$111$61$10
44 years$538$321$184$102$55$9
45 years$520$306$173$94$50$8
46 years$503$292$162$87$46$7
47 years$487$279$152$80$41$6
48 years$471$266$143$74$38$5
49 years$457$254$135$69$34$4
50 years$442$243$127$63$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $453,000, adding $5,672 every year, while hoping to spend $34,102 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: 30/44/26 Blend
56$453,000$453,000$453,000$453,000
57$505,057$481,048$474,026$516,024
58$520,288$468,335$453,622$512,273
59$535,930$453,856$431,391$504,858
60$551,989$437,489$407,236$496,193
61$568,470$419,103$381,056$486,195
62$585,377$398,563$352,745$474,773
63$602,715$375,722$322,192$461,831
64$620,486$350,427$289,280$447,269
65$638,694$322,516$253,889$430,979
66$657,339$291,817$215,892$412,850
67$676,421$258,149$175,157$392,762
68$695,938$221,321$131,547$370,590
69$715,887$181,129$84,918$346,199
70$736,263$137,360$35,118$319,450
71$757,060$89,789$0$290,193
72$778,267$38,175$0$263,274
73$799,873$0$0$244,246
74$821,863$0$0$231,813
75$844,218$0$0$237,948
76$866,918$0$0$244,156
77$889,935$0$0$250,428
78$913,239$0$0$256,753
79$936,796$0$0$263,118
80$960,563$0$0$269,508
81$984,492$0$0$275,906
82$1,008,531$0$0$282,291
83$1,032,615$0$0$288,643
84$1,056,674$0$0$294,936
85$1,080,627$0$0$301,141
86$1,104,382$0$0$307,227
87$1,127,837$0$0$313,158
88$1,150,875$0$0$318,893
89$1,173,365$0$0$324,389
90$1,195,159$0$0$329,593
91$1,216,093$0$0$334,449
92$1,235,981$0$0$338,895
93$1,254,617$0$0$342,860
94$1,271,770$0$0$346,266
95$1,287,182$0$0$349,024
96$1,300,565$0$0$351,038
97$1,311,599$0$0$352,200
98$1,319,927$0$0$352,388
99$1,325,153$0$0$351,471
100$1,326,835$0$0$349,298