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%19.9%
1 years$37,986$37,648$37,318$36,996$36,681$35,226
2 years$18,805$18,455$18,115$17,786$17,467$16,019
3 years$12,412$12,060$11,722$11,396$11,082$9,686
4 years$9,216$8,866$8,531$8,210$7,904$6,572
5 years$7,299$6,951$6,620$6,306$6,008$4,743
6 years$6,022$5,676$5,350$5,043$4,754$3,556
7 years$5,110$4,767$4,446$4,146$3,866$2,736
8 years$4,426$4,086$3,770$3,478$3,208$2,143
9 years$3,894$3,557$3,247$2,963$2,701$1,701
10 years$3,469$3,136$2,831$2,554$2,302$1,364
11 years$3,122$2,792$2,493$2,223$1,979$1,102
12 years$2,832$2,506$2,212$1,949$1,715$896
13 years$2,588$2,264$1,976$1,721$1,496$731
14 years$2,378$2,058$1,776$1,528$1,311$600
15 years$2,197$1,880$1,603$1,363$1,154$493
16 years$2,038$1,725$1,454$1,220$1,020$407
17 years$1,898$1,589$1,323$1,096$905$336
18 years$1,774$1,468$1,207$988$804$278
19 years$1,663$1,361$1,105$893$717$230
20 years$1,563$1,264$1,014$808$640$191
21 years$1,473$1,178$933$734$573$159
22 years$1,391$1,099$860$667$514$132
23 years$1,317$1,028$794$608$461$110
24 years$1,249$963$734$554$414$91
25 years$1,186$904$680$506$373$76
26 years$1,128$850$631$463$336$63
27 years$1,075$800$586$424$303$53
28 years$1,025$753$545$388$273$44
29 years$979$711$507$356$247$36
30 years$936$671$472$327$223$30
31 years$896$635$440$300$202$25
32 years$859$600$411$276$182$21
33 years$824$569$383$253$165$18
34 years$791$539$358$233$149$15
35 years$760$511$335$215$135$12
36 years$731$485$313$198$123$10
37 years$703$461$293$182$111$9
38 years$677$438$275$168$101$7
39 years$652$416$257$155$91$6
40 years$629$396$241$143$83$5
41 years$607$377$226$132$75$4
42 years$586$359$212$122$68$3
43 years$566$342$199$112$62$3
44 years$547$326$187$104$56$2
45 years$528$311$175$96$51$2
46 years$511$297$165$88$46$2
47 years$495$283$155$82$42$1
48 years$479$270$145$75$38$1
49 years$464$258$137$70$35$1
50 years$449$247$129$64$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $460,000, adding $4,428 every year, while hoping to spend $20,496 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: 42/37/21 Blend
56$460,000$460,000$460,000$460,000
57$511,487$487,107$479,977$529,659
58$541,852$489,168$474,249$545,063
59$574,626$490,643$467,642$559,418
60$610,035$491,481$460,105$574,544
61$648,324$491,630$451,584$590,524
62$689,765$491,032$442,025$607,449
63$734,656$489,627$431,367$625,420
64$783,323$487,351$419,550$644,552
65$836,127$484,136$406,510$664,970
66$893,463$479,910$392,179$686,815
67$955,767$474,596$376,488$710,244
68$1,023,518$468,114$359,363$735,431
69$1,097,243$460,378$340,728$762,570
70$1,177,522$451,296$320,502$791,878
71$1,264,992$440,773$298,602$823,593
72$1,360,357$428,706$274,940$857,982
73$1,464,388$414,987$249,425$895,342
74$1,577,936$399,503$221,962$936,000
75$1,701,938$382,131$192,450$980,323
76$1,837,425$362,744$160,786$1,028,713
77$1,985,530$341,206$126,861$1,081,622
78$2,147,504$317,375$90,560$1,139,546
79$2,324,722$291,099$51,767$1,203,038
80$2,518,699$262,218$10,356$1,272,711
81$2,731,102$230,563$0$1,349,242
82$2,963,768$195,954$0$1,440,965
83$3,218,720$158,204$0$1,544,100
84$3,498,186$117,113$0$1,657,276
85$3,804,619$72,469$0$1,781,549
86$4,140,721$24,051$0$1,918,081
87$4,509,468$0$0$2,068,159
88$4,914,139$0$0$2,244,758
89$5,358,345$0$0$2,449,419
90$5,846,063$0$0$2,674,189
91$6,381,675$0$0$2,921,096
92$6,970,008$0$0$3,192,373
93$7,616,378$0$0$3,490,480
94$8,326,645$0$0$3,818,127
95$9,107,261$0$0$4,178,301
96$9,965,335$0$0$4,574,289
97$10,908,701$0$0$5,009,718
98$11,945,988$0$0$5,488,579
99$13,086,702$0$0$6,015,271
100$14,341,320$0$0$6,594,642