Can I retire at age 57 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$37,491$37,157$36,831$36,513$36,203$35,327
2 years$18,560$18,214$17,879$17,554$17,239$16,363
3 years$12,250$11,903$11,569$11,247$10,937$10,087
4 years$9,096$8,750$8,419$8,103$7,801$6,983
5 years$7,204$6,860$6,534$6,224$5,930$5,147
6 years$5,943$5,602$5,280$4,977$4,692$3,945
7 years$5,043$4,704$4,388$4,092$3,816$3,105
8 years$4,368$4,033$3,721$3,433$3,166$2,490
9 years$3,843$3,511$3,205$2,924$2,666$2,025
10 years$3,424$3,095$2,794$2,520$2,272$1,665
11 years$3,081$2,755$2,460$2,194$1,954$1,380
12 years$2,795$2,473$2,183$1,924$1,693$1,152
13 years$2,554$2,235$1,951$1,699$1,476$967
14 years$2,347$2,031$1,753$1,508$1,294$815
15 years$2,168$1,856$1,582$1,345$1,139$690
16 years$2,011$1,703$1,435$1,204$1,007$585
17 years$1,873$1,568$1,305$1,082$893$498
18 years$1,751$1,449$1,192$975$794$424
19 years$1,641$1,343$1,091$881$708$362
20 years$1,543$1,248$1,001$798$632$310
21 years$1,454$1,162$921$724$566$265
22 years$1,373$1,085$849$658$507$227
23 years$1,300$1,015$784$600$455$195
24 years$1,232$951$725$547$409$168
25 years$1,170$892$671$499$368$144
26 years$1,113$839$623$457$332$124
27 years$1,061$789$578$418$299$107
28 years$1,012$744$537$383$270$92
29 years$966$702$500$351$244$79
30 years$924$663$466$322$220$68
31 years$885$626$434$296$199$59
32 years$848$593$405$272$180$50
33 years$813$561$378$250$163$43
34 years$781$532$354$230$147$37
35 years$750$504$331$212$134$32
36 years$721$479$309$195$121$28
37 years$694$455$289$180$110$24
38 years$668$432$271$166$99$21
39 years$644$411$254$153$90$18
40 years$621$391$238$141$82$15
41 years$599$372$223$130$74$13
42 years$578$354$209$120$67$11
43 years$558$338$196$111$61$10
44 years$539$322$184$102$55$9
45 years$521$307$173$94$50$7
46 years$504$293$163$87$46$6
47 years$488$279$153$81$42$5
48 years$472$267$144$74$38$5
49 years$458$255$135$69$34$4
50 years$443$243$127$64$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $454,000, adding $6,184 every year, while hoping to spend $24,933 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: 71/19/10 Blend
56$454,000$454,000$454,000$454,000
57$506,687$482,625$475,588$541,243
58$531,840$479,745$464,991$562,054
59$558,724$475,888$453,205$581,173
60$587,488$470,981$440,161$601,425
61$618,296$464,943$425,791$622,918
62$651,330$457,693$410,022$645,767
63$686,787$449,142$392,780$670,104
64$724,885$439,196$373,984$696,071
65$765,863$427,755$353,551$723,826
66$809,982$414,716$331,396$753,545
67$857,530$399,967$307,428$785,422
68$908,823$383,391$281,552$819,671
69$964,209$364,863$253,670$856,528
70$1,024,068$344,252$223,678$896,256
71$1,088,821$321,418$191,469$939,143
72$1,158,928$296,215$156,931$985,510
73$1,234,896$268,486$119,945$1,035,710
74$1,317,282$238,069$80,390$1,090,133
75$1,406,699$204,788$38,137$1,149,212
76$1,503,821$168,461$0$1,213,422
77$1,609,389$128,894$0$1,284,034
78$1,724,218$85,881$0$1,365,278
79$1,849,206$39,207$0$1,453,740
80$1,985,340$0$0$1,550,147
81$2,133,706$0$0$1,657,675
82$2,295,500$0$0$1,783,895
83$2,472,038$0$0$1,921,639
84$2,664,769$0$0$2,072,040
85$2,875,286$0$0$2,236,346
86$3,105,346$0$0$2,415,929
87$3,356,880$0$0$2,612,302
88$3,632,017$0$0$2,827,127
89$3,933,099$0$0$3,062,238
90$4,262,705$0$0$3,319,654
91$4,623,677$0$0$3,601,595
92$5,019,142$0$0$3,910,509
93$5,452,547$0$0$4,249,091
94$5,927,684$0$0$4,620,310
95$6,448,733$0$0$5,027,434
96$7,020,297$0$0$5,474,064
97$7,647,444$0$0$5,964,166
98$8,335,760$0$0$6,502,108
99$9,091,394$0$0$7,092,703
100$9,921,123$0$0$7,741,251