Can I retire at age 57 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$37,821$37,484$37,156$36,835$36,522$36,276
2 years$18,723$18,375$18,037$17,709$17,391$17,144
3 years$12,358$12,008$11,671$11,346$11,034$10,792
4 years$9,176$8,827$8,493$8,174$7,869$7,635
5 years$7,268$6,921$6,591$6,279$5,982$5,756
6 years$5,996$5,651$5,327$5,021$4,733$4,516
7 years$5,087$4,746$4,427$4,128$3,850$3,640
8 years$4,407$4,068$3,754$3,463$3,194$2,993
9 years$3,877$3,542$3,233$2,950$2,689$2,497
10 years$3,454$3,122$2,819$2,543$2,292$2,108
11 years$3,108$2,779$2,482$2,213$1,971$1,795
12 years$2,820$2,495$2,202$1,941$1,708$1,540
13 years$2,576$2,254$1,968$1,714$1,489$1,329
14 years$2,368$2,049$1,768$1,521$1,306$1,153
15 years$2,187$1,872$1,596$1,357$1,149$1,005
16 years$2,029$1,718$1,447$1,215$1,016$879
17 years$1,890$1,582$1,317$1,091$901$771
18 years$1,766$1,462$1,202$984$801$678
19 years$1,656$1,355$1,101$889$714$597
20 years$1,557$1,259$1,010$805$638$527
21 years$1,467$1,173$929$731$571$466
22 years$1,385$1,094$856$664$511$413
23 years$1,311$1,024$791$605$459$366
24 years$1,243$959$731$552$413$325
25 years$1,181$900$677$504$371$289
26 years$1,123$846$628$461$335$257
27 years$1,070$796$583$422$302$229
28 years$1,021$750$542$386$272$204
29 years$975$708$505$354$246$182
30 years$932$668$470$325$222$162
31 years$892$632$438$299$201$145
32 years$855$598$409$274$182$129
33 years$820$566$382$252$164$116
34 years$787$537$357$232$149$103
35 years$757$509$333$214$135$92
36 years$727$483$312$197$122$83
37 years$700$459$292$181$111$74
38 years$674$436$273$167$100$66
39 years$649$415$256$154$91$59
40 years$626$394$240$142$83$53
41 years$604$375$225$131$75$47
42 years$583$358$211$121$68$42
43 years$563$341$198$112$62$38
44 years$544$325$186$103$56$34
45 years$526$310$175$95$51$30
46 years$509$295$164$88$46$27
47 years$492$282$154$81$42$24
48 years$477$269$145$75$38$22
49 years$462$257$136$69$35$20
50 years$447$246$128$64$31$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $458,000, adding $5,048 every year, while hoping to spend $35,078 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: 65/26/9 Blend
56$458,000$458,000$458,000$458,000
57$509,923$485,649$478,550$541,799
58$524,612$472,123$457,259$550,141
59$539,625$456,759$434,078$554,644
60$554,955$439,429$408,909$558,657
61$570,599$419,999$381,646$562,130
62$586,547$398,327$352,178$565,008
63$602,792$374,261$320,393$567,233
64$619,321$347,644$286,170$568,743
65$636,119$318,306$249,385$569,469
66$653,170$286,070$209,906$569,338
67$670,454$250,748$167,598$568,273
68$687,946$212,141$122,319$566,189
69$705,620$170,039$73,920$562,995
70$723,442$124,220$22,245$558,594
71$741,377$74,450$0$552,880
72$759,382$20,482$0$548,900
73$777,408$0$0$545,857
74$795,400$0$0$552,354
75$813,297$0$0$564,625
76$831,028$0$0$576,761
77$848,512$0$0$588,702
78$865,661$0$0$600,384
79$882,372$0$0$611,734
80$898,533$0$0$622,671
81$914,017$0$0$633,102
82$928,681$0$0$642,925
83$942,365$0$0$652,025
84$954,893$0$0$660,274
85$966,065$0$0$667,530
86$975,661$0$0$673,633
87$983,434$0$0$678,406
88$989,109$0$0$681,651
89$992,383$0$0$683,150
90$992,915$0$0$682,659
91$990,330$0$0$679,908
92$984,210$0$0$674,596
93$974,091$0$0$666,390
94$959,458$0$0$654,921
95$939,742$0$0$639,780
96$914,312$0$0$620,513
97$882,467$0$0$596,619
98$843,433$0$0$567,541
99$796,353$0$0$532,664
100$740,278$0$0$491,308