Can I retire at age 57 with 459,000?

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 $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%12.1%
1 years$37,904$37,566$37,237$36,915$36,601$36,279
2 years$18,764$18,415$18,076$17,748$17,429$17,105
3 years$12,385$12,034$11,696$11,371$11,058$10,741
4 years$9,196$8,846$8,512$8,192$7,887$7,580
5 years$7,284$6,936$6,606$6,292$5,995$5,699
6 years$6,009$5,664$5,338$5,032$4,744$4,459
7 years$5,099$4,756$4,436$4,137$3,858$3,585
8 years$4,416$4,077$3,762$3,471$3,201$2,939
9 years$3,886$3,550$3,240$2,956$2,695$2,445
10 years$3,462$3,129$2,825$2,548$2,297$2,057
11 years$3,115$2,785$2,487$2,218$1,975$1,747
12 years$2,826$2,500$2,207$1,945$1,712$1,494
13 years$2,582$2,259$1,972$1,717$1,493$1,286
14 years$2,373$2,054$1,772$1,524$1,308$1,112
15 years$2,192$1,876$1,600$1,360$1,152$965
16 years$2,034$1,721$1,450$1,217$1,018$841
17 years$1,894$1,585$1,320$1,094$903$735
18 years$1,770$1,465$1,205$986$803$644
19 years$1,659$1,358$1,103$891$715$566
20 years$1,560$1,262$1,012$807$639$498
21 years$1,470$1,175$931$732$572$439
22 years$1,388$1,097$858$666$513$387
23 years$1,314$1,026$792$606$460$342
24 years$1,246$961$733$553$414$303
25 years$1,183$902$679$505$372$268
26 years$1,126$848$629$462$335$237
27 years$1,072$798$585$423$302$211
28 years$1,023$752$543$387$273$187
29 years$977$709$506$355$246$166
30 years$934$670$471$326$223$147
31 years$894$633$439$299$201$131
32 years$857$599$410$275$182$117
33 years$822$567$383$253$165$104
34 years$789$538$357$233$149$92
35 years$758$510$334$214$135$82
36 years$729$484$313$197$122$73
37 years$701$460$293$182$111$65
38 years$675$437$274$168$101$58
39 years$651$416$257$154$91$52
40 years$628$395$241$142$83$46
41 years$605$376$226$131$75$41
42 years$584$358$212$121$68$37
43 years$564$341$199$112$62$33
44 years$545$325$186$103$56$29
45 years$527$310$175$96$51$26
46 years$510$296$164$88$46$23
47 years$493$283$154$82$42$21
48 years$478$270$145$75$38$18
49 years$463$258$136$70$35$16
50 years$448$246$128$64$31$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $459,000, adding $6,508 every year, while hoping to spend $25,192 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: 40/32/28 Blend
56$459,000$459,000$459,000$459,000
57$512,531$488,204$481,090$528,580
58$538,005$485,322$470,402$537,956
59$565,233$481,454$458,512$545,274
60$594,368$476,526$445,353$552,712
61$625,575$470,458$430,854$560,295
62$659,040$463,166$414,944$568,055
63$694,962$454,561$397,544$576,029
64$733,561$444,549$378,576$584,259
65$775,082$433,028$357,955$592,793
66$819,788$419,894$335,594$601,689
67$867,972$405,035$311,402$611,011
68$919,954$388,331$285,283$620,833
69$976,088$369,658$257,139$631,240
70$1,036,759$348,881$226,863$642,327
71$1,102,394$325,862$194,349$654,203
72$1,173,460$300,451$159,481$666,993
73$1,250,472$272,492$122,142$680,835
74$1,333,994$241,818$82,208$695,887
75$1,424,649$208,254$39,549$712,328
76$1,523,119$171,615$0$730,357
77$1,630,159$131,706$0$751,985
78$1,746,594$88,318$0$788,405
79$1,873,336$41,235$0$828,117
80$2,011,386$0$0$871,484
81$2,161,846$0$0$922,353
82$2,325,931$0$0$993,718
83$2,504,974$0$0$1,071,647
84$2,700,447$0$0$1,156,786
85$2,913,967$0$0$1,249,848
86$3,147,316$0$0$1,351,617
87$3,402,454$0$0$1,462,957
88$3,681,540$0$0$1,584,817
89$3,986,952$0$0$1,718,246
90$4,321,308$0$0$1,864,395
91$4,687,491$0$0$2,024,535
92$5,088,675$0$0$2,200,063
93$5,528,355$0$0$2,392,519
94$6,010,383$0$0$2,603,599
95$6,539,000$0$0$2,835,171
96$7,118,875$0$0$3,089,292
97$7,755,154$0$0$3,368,230
98$8,453,503$0$0$3,674,479
99$9,220,164$0$0$4,010,791
100$10,062,013$0$0$4,380,194