Can I retire at age 57 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$37,573$37,239$36,912$36,594$36,282$35,051
2 years$18,601$18,254$17,919$17,593$17,277$16,049
3 years$12,277$11,929$11,595$11,272$10,961$9,775
4 years$9,116$8,769$8,438$8,121$7,818$6,682
5 years$7,220$6,875$6,548$6,238$5,943$4,861
6 years$5,956$5,614$5,292$4,988$4,702$3,675
7 years$5,054$4,715$4,398$4,101$3,824$2,851
8 years$4,378$4,041$3,729$3,440$3,173$2,253
9 years$3,852$3,519$3,212$2,930$2,672$1,805
10 years$3,431$3,102$2,800$2,526$2,277$1,461
11 years$3,088$2,761$2,465$2,198$1,958$1,192
12 years$2,801$2,478$2,188$1,928$1,697$979
13 years$2,559$2,240$1,955$1,702$1,480$808
14 years$2,352$2,036$1,756$1,511$1,297$669
15 years$2,173$1,860$1,586$1,348$1,142$556
16 years$2,016$1,706$1,438$1,207$1,009$463
17 years$1,878$1,571$1,308$1,084$895$387
18 years$1,755$1,452$1,194$977$796$324
19 years$1,645$1,346$1,093$883$709$271
20 years$1,546$1,251$1,003$800$633$228
21 years$1,457$1,165$923$726$567$191
22 years$1,376$1,087$851$660$508$161
23 years$1,303$1,017$785$601$456$135
24 years$1,235$953$726$548$410$114
25 years$1,173$894$673$501$369$96
26 years$1,116$840$624$458$332$81
27 years$1,063$791$579$419$300$68
28 years$1,014$745$539$384$270$57
29 years$969$703$501$352$244$48
30 years$926$664$467$323$221$41
31 years$887$628$435$297$199$35
32 years$850$594$406$273$180$29
33 years$815$562$379$251$163$25
34 years$782$533$354$231$148$21
35 years$752$506$331$212$134$18
36 years$723$480$310$196$121$15
37 years$695$456$290$180$110$12
38 years$670$433$272$166$100$11
39 years$645$412$254$153$90$9
40 years$622$392$239$141$82$8
41 years$600$373$224$130$74$6
42 years$579$355$210$120$67$5
43 years$559$338$197$111$61$5
44 years$541$323$185$103$56$4
45 years$523$308$174$95$50$3
46 years$505$294$163$87$46$3
47 years$489$280$153$81$42$2
48 years$473$267$144$75$38$2
49 years$459$255$135$69$34$2
50 years$444$244$127$64$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $455,000, adding $2,209 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: 83/11/6 Blend
56$455,000$455,000$455,000$455,000
57$503,689$479,574$472,521$545,133
58$518,781$466,788$452,066$559,743
59$534,269$452,234$429,783$570,954
60$550,158$435,787$405,575$582,197
61$566,452$417,318$379,339$593,454
62$583,154$396,690$350,971$604,706
63$600,265$373,758$320,357$615,932
64$617,786$348,366$287,384$627,107
65$635,719$320,354$251,930$638,204
66$654,060$289,550$213,867$649,196
67$672,807$255,771$173,065$660,051
68$691,955$218,826$129,385$670,732
69$711,499$178,512$82,683$681,203
70$731,427$134,615$32,809$691,421
71$751,731$86,909$0$701,341
72$772,394$35,154$0$712,218
73$793,401$0$0$725,017
74$814,731$0$0$740,116
75$836,359$0$0$759,738
76$858,257$0$0$779,602
77$880,391$0$0$799,676
78$902,722$0$0$819,926
79$925,205$0$0$840,309
80$947,790$0$0$860,779
81$970,417$0$0$881,282
82$993,019$0$0$901,757
83$1,015,521$0$0$922,133
84$1,037,837$0$0$942,332
85$1,059,868$0$0$962,265
86$1,081,506$0$0$981,831
87$1,102,628$0$0$1,000,918
88$1,123,095$0$0$1,019,398
89$1,142,751$0$0$1,037,129
90$1,161,422$0$0$1,053,953
91$1,178,915$0$0$1,069,689
92$1,195,011$0$0$1,084,140
93$1,209,468$0$0$1,097,084
94$1,222,016$0$0$1,108,272
95$1,232,352$0$0$1,117,428
96$1,240,143$0$0$1,124,247
97$1,245,014$0$0$1,128,385
98$1,246,550$0$0$1,129,463
99$1,244,292$0$0$1,127,060
100$1,237,726$0$0$1,120,707