Can I retire at age 57 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$37,904$37,566$37,237$36,915$36,601$36,144
2 years$18,764$18,415$18,076$17,748$17,429$16,969
3 years$12,385$12,034$11,696$11,371$11,058$10,609
4 years$9,196$8,846$8,512$8,192$7,887$7,453
5 years$7,284$6,936$6,606$6,292$5,995$5,578
6 years$6,009$5,664$5,338$5,032$4,744$4,343
7 years$5,099$4,756$4,436$4,137$3,858$3,474
8 years$4,416$4,077$3,762$3,471$3,201$2,833
9 years$3,886$3,550$3,240$2,956$2,695$2,345
10 years$3,462$3,129$2,825$2,548$2,297$1,962
11 years$3,115$2,785$2,487$2,218$1,975$1,657
12 years$2,826$2,500$2,207$1,945$1,712$1,409
13 years$2,582$2,259$1,972$1,717$1,493$1,205
14 years$2,373$2,054$1,772$1,524$1,308$1,036
15 years$2,192$1,876$1,600$1,360$1,152$894
16 years$2,034$1,721$1,450$1,217$1,018$774
17 years$1,894$1,585$1,320$1,094$903$673
18 years$1,770$1,465$1,205$986$803$586
19 years$1,659$1,358$1,103$891$715$511
20 years$1,560$1,262$1,012$807$639$447
21 years$1,470$1,175$931$732$572$391
22 years$1,388$1,097$858$666$513$343
23 years$1,314$1,026$792$606$460$301
24 years$1,246$961$733$553$414$264
25 years$1,183$902$679$505$372$232
26 years$1,126$848$629$462$335$204
27 years$1,072$798$585$423$302$180
28 years$1,023$752$543$387$273$159
29 years$977$709$506$355$246$140
30 years$934$670$471$326$223$123
31 years$894$633$439$299$201$109
32 years$857$599$410$275$182$96
33 years$822$567$383$253$165$85
34 years$789$538$357$233$149$75
35 years$758$510$334$214$135$66
36 years$729$484$313$197$122$58
37 years$701$460$293$182$111$52
38 years$675$437$274$168$101$46
39 years$651$416$257$154$91$40
40 years$628$395$241$142$83$36
41 years$605$376$226$131$75$32
42 years$584$358$212$121$68$28
43 years$564$341$199$112$62$25
44 years$545$325$186$103$56$22
45 years$527$310$175$96$51$19
46 years$510$296$164$88$46$17
47 years$493$283$154$82$42$15
48 years$478$270$145$75$38$13
49 years$463$258$136$70$35$12
50 years$448$246$128$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $459,000, adding $5,712 every year, while hoping to spend $20,279 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: 44/33/23 Blend
56$459,000$459,000$459,000$459,000
57$511,710$487,383$480,268$530,592
58$542,328$489,688$474,781$546,820
59$575,389$491,426$468,430$561,990
60$611,121$492,549$461,164$578,025
61$649,775$493,003$452,933$595,018
62$691,625$492,734$443,680$613,069
63$736,975$491,682$433,347$632,291
64$786,157$489,784$421,874$652,809
65$839,536$486,976$409,199$674,763
66$897,516$483,185$395,254$698,307
67$960,539$478,337$379,971$723,614
68$1,029,092$472,353$363,278$750,876
69$1,103,710$465,149$345,099$780,306
70$1,184,983$456,636$325,354$812,139
71$1,273,560$446,720$303,962$846,639
72$1,370,155$435,301$280,837$884,095
73$1,475,553$422,273$255,887$924,832
74$1,590,620$407,525$229,019$969,208
75$1,716,306$390,937$200,135$1,017,620
76$1,853,662$372,385$169,132$1,070,508
77$2,003,840$351,736$135,902$1,128,361
78$2,168,111$328,851$100,334$1,191,720
79$2,347,873$303,580$62,311$1,261,184
80$2,544,668$275,767$21,710$1,337,417
81$2,760,192$245,247$0$1,421,153
82$2,996,311$211,844$0$1,518,512
83$3,255,084$175,373$0$1,631,119
84$3,538,776$135,640$0$1,754,672
85$3,849,883$92,438$0$1,890,308
86$4,191,152$45,548$0$2,039,286
87$4,565,611$0$0$2,202,992
88$4,976,593$0$0$2,384,869
89$5,427,773$0$0$2,602,749
90$5,923,196$0$0$2,842,054
91$6,467,318$0$0$3,104,943
92$7,065,049$0$0$3,393,797
93$7,721,797$0$0$3,711,236
94$8,443,522$0$0$4,060,149
95$9,236,787$0$0$4,443,718
96$10,108,823$0$0$4,865,448
97$11,067,599$0$0$5,329,201
98$12,121,891$0$0$5,839,233
99$13,281,371$0$0$6,400,231
100$14,556,694$0$0$7,017,361