Can I retire at age 57 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$37,986$37,648$37,318$36,996$36,681$36,283
2 years$18,805$18,455$18,115$17,786$17,467$17,066
3 years$12,412$12,060$11,722$11,396$11,082$10,691
4 years$9,216$8,866$8,531$8,210$7,904$7,525
5 years$7,299$6,951$6,620$6,306$6,008$5,644
6 years$6,022$5,676$5,350$5,043$4,754$4,404
7 years$5,110$4,767$4,446$4,146$3,866$3,530
8 years$4,426$4,086$3,770$3,478$3,208$2,886
9 years$3,894$3,557$3,247$2,963$2,701$2,394
10 years$3,469$3,136$2,831$2,554$2,302$2,008
11 years$3,122$2,792$2,493$2,223$1,979$1,700
12 years$2,832$2,506$2,212$1,949$1,715$1,450
13 years$2,588$2,264$1,976$1,721$1,496$1,243
14 years$2,378$2,058$1,776$1,528$1,311$1,071
15 years$2,197$1,880$1,603$1,363$1,154$927
16 years$2,038$1,725$1,454$1,220$1,020$805
17 years$1,898$1,589$1,323$1,096$905$701
18 years$1,774$1,468$1,207$988$804$612
19 years$1,663$1,361$1,105$893$717$536
20 years$1,563$1,264$1,014$808$640$470
21 years$1,473$1,178$933$734$573$412
22 years$1,391$1,099$860$667$514$363
23 years$1,317$1,028$794$608$461$319
24 years$1,249$963$734$554$414$281
25 years$1,186$904$680$506$373$248
26 years$1,128$850$631$463$336$219
27 years$1,075$800$586$424$303$193
28 years$1,025$753$545$388$273$171
29 years$979$711$507$356$247$151
30 years$936$671$472$327$223$134
31 years$896$635$440$300$202$118
32 years$859$600$411$276$182$105
33 years$824$569$383$253$165$93
34 years$791$539$358$233$149$82
35 years$760$511$335$215$135$73
36 years$731$485$313$198$123$65
37 years$703$461$293$182$111$57
38 years$677$438$275$168$101$51
39 years$652$416$257$155$91$45
40 years$629$396$241$143$83$40
41 years$607$377$226$132$75$36
42 years$586$359$212$122$68$32
43 years$566$342$199$112$62$28
44 years$547$326$187$104$56$25
45 years$528$311$175$96$51$22
46 years$511$297$165$88$46$20
47 years$495$283$155$82$42$17
48 years$479$270$145$75$38$15
49 years$464$258$137$70$35$14
50 years$449$247$129$64$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $460,000, adding $3,002 every year, while hoping to spend $24,276 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: 71/8/21 Blend
56$460,000$460,000$460,000$460,000
57$510,017$485,637$478,507$543,396
58$536,209$483,603$468,707$564,004
59$564,259$480,657$457,766$583,397
60$594,331$476,727$445,618$604,030
61$626,605$471,738$432,199$626,022
62$661,277$465,612$417,436$649,507
63$698,566$458,265$401,258$674,631
64$738,707$449,608$383,588$701,556
65$781,963$439,546$364,346$730,462
66$828,620$427,981$343,449$761,545
67$878,993$414,806$320,808$795,026
68$933,429$399,910$296,334$831,145
69$992,308$383,175$269,930$870,171
70$1,056,048$364,475$241,497$912,398
71$1,125,109$343,678$210,931$958,152
72$1,199,996$320,645$178,124$1,007,793
73$1,281,267$295,227$142,962$1,061,721
74$1,369,531$267,268$105,326$1,120,374
75$1,465,461$236,603$65,093$1,184,238
76$1,569,798$203,056$22,133$1,253,849
77$1,683,356$166,444$0$1,329,800
78$1,807,029$126,571$0$1,418,058
79$1,941,805$83,232$0$1,519,670
80$2,088,767$36,208$0$1,630,501
81$2,249,109$0$0$1,751,466
82$2,424,146$0$0$1,884,870
83$2,615,324$0$0$2,034,079
84$2,824,235$0$0$2,197,151
85$3,052,633$0$0$2,375,458
86$3,302,448$0$0$2,570,509
87$3,575,805$0$0$2,783,967
88$3,875,045$0$0$3,017,663
89$4,202,744$0$0$3,273,612
90$4,561,740$0$0$3,554,035
91$4,955,159$0$0$3,861,376
92$5,386,442$0$0$4,198,328
93$5,859,381$0$0$4,567,857
94$6,378,150$0$0$4,973,228
95$6,947,349$0$0$5,418,040
96$7,572,043$0$0$5,906,255
97$8,257,812$0$0$6,442,239
98$9,010,802$0$0$7,030,800
99$9,837,783$0$0$7,677,235
100$10,746,215$0$0$8,387,379