Can I retire at age 57 with 462,000?

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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$38,152$37,812$37,480$37,157$36,841$36,320
2 years$18,887$18,535$18,194$17,864$17,543$17,020
3 years$12,466$12,113$11,773$11,445$11,130$10,620
4 years$9,256$8,904$8,568$8,246$7,938$7,445
5 years$7,331$6,981$6,649$6,334$6,034$5,560
6 years$6,048$5,701$5,373$5,065$4,775$4,320
7 years$5,132$4,787$4,465$4,164$3,883$3,448
8 years$4,445$4,104$3,787$3,493$3,221$2,806
9 years$3,911$3,573$3,262$2,975$2,713$2,316
10 years$3,484$3,149$2,844$2,565$2,312$1,934
11 years$3,135$2,804$2,503$2,232$1,988$1,629
12 years$2,845$2,516$2,222$1,958$1,723$1,382
13 years$2,599$2,274$1,985$1,729$1,502$1,179
14 years$2,388$2,067$1,783$1,534$1,317$1,011
15 years$2,206$1,888$1,610$1,368$1,160$870
16 years$2,047$1,733$1,460$1,225$1,025$751
17 years$1,906$1,596$1,328$1,101$909$651
18 years$1,782$1,474$1,213$992$808$565
19 years$1,670$1,366$1,110$896$720$491
20 years$1,570$1,270$1,019$812$643$428
21 years$1,480$1,183$937$737$576$374
22 years$1,398$1,104$864$670$516$327
23 years$1,323$1,033$798$610$463$286
24 years$1,254$967$738$557$416$250
25 years$1,191$908$683$508$375$219
26 years$1,133$853$634$465$337$192
27 years$1,079$803$588$425$304$169
28 years$1,030$757$547$390$274$148
29 years$983$714$509$357$248$130
30 years$940$674$474$328$224$115
31 years$900$637$442$301$202$101
32 years$863$603$412$277$183$89
33 years$827$571$385$255$166$78
34 years$794$541$360$234$150$69
35 years$763$513$336$216$136$60
36 years$734$487$315$199$123$53
37 years$706$463$294$183$112$47
38 years$680$440$276$169$101$41
39 years$655$418$258$156$92$36
40 years$632$398$242$143$83$32
41 years$609$379$227$132$76$28
42 years$588$361$213$122$69$25
43 years$568$344$200$113$62$22
44 years$549$328$188$104$56$19
45 years$531$312$176$96$51$17
46 years$513$298$165$89$47$15
47 years$497$284$155$82$42$13
48 years$481$272$146$76$38$12
49 years$466$259$137$70$35$10
50 years$451$248$129$65$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $462,000, adding $2,639 every year, while hoping to spend $38,182 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: 62/14/24 Blend
56$462,000$462,000$462,000$462,000
57$511,846$487,360$480,199$540,183
58$523,429$470,615$455,660$542,939
59$534,914$451,771$429,020$541,510
60$546,250$430,682$400,167$539,105
61$557,381$407,199$368,986$535,633
62$568,243$381,161$335,356$530,999
63$578,763$352,398$299,151$525,096
64$588,863$320,731$260,238$517,810
65$598,451$285,971$218,480$509,020
66$607,428$247,918$173,734$498,590
67$615,680$206,360$125,848$486,375
68$623,082$161,075$74,667$472,219
69$629,494$111,825$20,026$455,950
70$634,760$58,362$0$437,383
71$638,706$422$0$426,122
72$641,140$0$0$418,252
73$641,846$0$0$418,044
74$640,587$0$0$416,538
75$637,098$0$0$413,488
76$631,084$0$0$408,693
77$622,221$0$0$401,928
78$610,146$0$0$392,948
79$594,461$0$0$381,477
80$574,721$0$0$367,213
81$550,436$0$0$349,818
82$521,062$0$0$328,922
83$485,998$0$0$304,111
84$444,579$0$0$274,932
85$396,069$0$0$240,880
86$339,655$0$0$201,399
87$274,437$0$0$155,874
88$199,421$0$0$103,623
89$113,508$0$0$43,896
90$15,485$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0