Can I retire at age 57 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$37,656$37,321$36,993$36,674$36,362$35,599
2 years$18,642$18,294$17,958$17,632$17,315$16,550
3 years$12,304$11,956$11,620$11,297$10,986$10,242
4 years$9,136$8,789$8,456$8,139$7,835$7,119
5 years$7,236$6,890$6,562$6,251$5,956$5,269
6 years$5,969$5,627$5,303$4,999$4,713$4,056
7 years$5,065$4,725$4,407$4,110$3,833$3,207
8 years$4,387$4,050$3,738$3,448$3,180$2,584
9 years$3,860$3,527$3,219$2,937$2,678$2,112
10 years$3,439$3,108$2,807$2,532$2,282$1,745
11 years$3,094$2,767$2,471$2,203$1,962$1,454
12 years$2,808$2,484$2,193$1,933$1,700$1,220
13 years$2,565$2,245$1,959$1,706$1,483$1,029
14 years$2,357$2,040$1,760$1,515$1,300$872
15 years$2,177$1,864$1,589$1,351$1,144$742
16 years$2,020$1,710$1,441$1,209$1,011$633
17 years$1,882$1,575$1,311$1,087$897$542
18 years$1,759$1,455$1,197$979$797$465
19 years$1,649$1,349$1,096$885$711$399
20 years$1,550$1,253$1,006$801$635$343
21 years$1,460$1,167$925$727$568$296
22 years$1,379$1,090$853$661$509$255
23 years$1,305$1,019$787$602$457$220
24 years$1,238$955$728$549$411$190
25 years$1,176$896$674$502$370$165
26 years$1,118$842$625$459$333$143
27 years$1,065$793$581$420$300$123
28 years$1,016$747$540$385$271$107
29 years$971$705$502$353$245$93
30 years$928$665$468$324$221$80
31 years$889$629$436$297$200$70
32 years$851$595$407$273$181$60
33 years$817$564$380$251$164$52
34 years$784$534$355$231$148$45
35 years$753$507$332$213$134$39
36 years$724$481$311$196$122$34
37 years$697$457$291$181$110$30
38 years$671$434$272$166$100$26
39 years$647$413$255$153$91$22
40 years$623$393$239$142$82$19
41 years$601$374$224$131$75$17
42 years$581$356$210$121$68$15
43 years$561$339$197$111$61$13
44 years$542$323$185$103$56$11
45 years$524$308$174$95$51$10
46 years$507$294$163$88$46$8
47 years$490$281$153$81$42$7
48 years$475$268$144$75$38$6
49 years$460$256$136$69$34$5
50 years$445$244$127$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $456,000, adding $2,468 every year, while hoping to spend $34,746 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: 46/46/8 Blend
56$456,000$456,000$456,000$456,000
57$505,058$480,890$473,822$527,064
58$519,604$467,484$452,725$529,076
59$534,470$452,257$429,758$527,449
60$549,650$435,082$404,819$524,881
61$565,141$415,827$377,806$521,298
62$580,932$394,350$348,611$516,618
63$597,017$370,502$317,118$510,756
64$613,382$344,126$283,211$503,619
65$630,014$315,055$246,765$495,109
66$646,895$283,112$207,652$485,124
67$664,005$248,112$165,735$473,550
68$681,322$209,858$120,875$460,271
69$698,816$168,140$72,924$445,159
70$716,457$122,741$21,729$428,080
71$734,208$73,428$0$408,890
72$752,027$19,955$0$390,245
73$769,865$0$0$371,334
74$787,669$0$0$369,344
75$805,375$0$0$377,377
76$822,915$0$0$385,295
77$840,209$0$0$393,058
78$857,167$0$0$400,620
79$873,690$0$0$407,928
80$889,665$0$0$414,924
81$904,965$0$0$421,544
82$919,449$0$0$427,714
83$932,958$0$0$433,354
84$945,318$0$0$438,372
85$956,329$0$0$442,668
86$965,774$0$0$446,129
87$973,406$0$0$448,630
88$978,955$0$0$450,031
89$982,116$0$0$450,178
90$982,555$0$0$448,898
91$979,896$0$0$446,001
92$973,725$0$0$441,275
93$963,583$0$0$434,485
94$948,957$0$0$425,371
95$929,283$0$0$413,645
96$903,934$0$0$398,985
97$872,215$0$0$381,040
98$833,357$0$0$359,418
99$786,509$0$0$333,684
100$730,729$0$0$303,360