Can I retire at age 57 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$38,482$38,139$37,805$37,478$37,159$36,879
2 years$19,050$18,696$18,352$18,018$17,695$17,412
3 years$12,574$12,218$11,875$11,545$11,226$10,950
4 years$9,337$8,981$8,642$8,317$8,007$7,739
5 years$7,395$7,042$6,706$6,388$6,087$5,828
6 years$6,100$5,750$5,420$5,109$4,816$4,567
7 years$5,176$4,829$4,504$4,200$3,917$3,678
8 years$4,484$4,139$3,820$3,524$3,249$3,020
9 years$3,945$3,604$3,290$3,001$2,736$2,517
10 years$3,514$3,177$2,868$2,587$2,332$2,122
11 years$3,162$2,828$2,525$2,252$2,005$1,805
12 years$2,869$2,538$2,241$1,975$1,738$1,547
13 years$2,621$2,294$2,002$1,744$1,515$1,334
14 years$2,409$2,085$1,799$1,548$1,328$1,155
15 years$2,225$1,905$1,624$1,380$1,170$1,005
16 years$2,065$1,748$1,473$1,236$1,034$878
17 years$1,923$1,609$1,340$1,110$917$769
18 years$1,797$1,487$1,223$1,001$815$675
19 years$1,685$1,378$1,120$904$726$594
20 years$1,584$1,281$1,028$819$649$524
21 years$1,493$1,193$945$743$581$463
22 years$1,410$1,114$871$676$520$409
23 years$1,334$1,042$804$615$467$362
24 years$1,265$976$744$561$420$321
25 years$1,201$916$689$513$378$285
26 years$1,143$861$639$469$340$253
27 years$1,089$810$593$429$307$225
28 years$1,039$763$552$393$277$200
29 years$992$720$513$360$250$178
30 years$949$680$478$331$226$159
31 years$908$643$446$304$204$142
32 years$870$608$416$279$185$126
33 years$835$576$388$257$167$113
34 years$801$546$363$236$151$100
35 years$770$518$339$217$137$90
36 years$740$491$317$200$124$80
37 years$712$467$297$185$113$71
38 years$686$444$278$170$102$64
39 years$661$422$261$157$93$57
40 years$637$401$244$145$84$51
41 years$615$382$229$133$76$45
42 years$593$364$215$123$69$41
43 years$573$347$202$114$63$36
44 years$554$330$189$105$57$32
45 years$535$315$178$97$52$29
46 years$518$301$167$90$47$26
47 years$501$287$157$83$43$23
48 years$485$274$147$76$39$21
49 years$470$262$138$71$35$18
50 years$455$250$130$65$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $466,000, adding $5,105 every year, while hoping to spend $27,310 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: 32/38/30 Blend
56$466,000$466,000$466,000$466,000
57$518,798$494,100$486,877$530,540
58$542,658$489,253$474,130$535,174
59$568,036$483,254$460,040$537,420
60$595,058$476,016$444,534$539,314
61$623,863$467,450$427,535$540,846
62$654,602$457,459$408,962$542,007
63$687,439$445,943$388,730$542,787
64$722,558$432,793$366,752$543,180
65$760,155$417,897$342,935$543,184
66$800,451$401,134$317,183$542,797
67$843,683$382,376$289,396$542,021
68$890,115$361,489$259,467$540,864
69$940,036$338,330$227,287$539,336
70$993,760$312,749$192,742$537,452
71$1,051,637$284,587$155,712$535,236
72$1,114,047$253,675$116,072$532,716
73$1,181,410$219,835$73,690$529,927
74$1,254,186$182,880$28,431$526,917
75$1,332,882$142,610$0$523,739
76$1,418,054$98,816$0$526,821
77$1,510,315$51,277$0$540,008
78$1,610,336$0$0$554,333
79$1,718,857$0$0$570,058
80$1,836,691$0$0$610,475
81$1,964,734$0$0$654,456
82$2,103,969$0$0$702,346
83$2,255,480$0$0$754,528
84$2,420,457$0$0$811,418
85$2,600,211$0$0$873,480
86$2,796,186$0$0$941,220
87$3,009,969$0$0$1,015,196
88$3,243,308$0$0$1,096,024
89$3,498,127$0$0$1,184,381
90$3,776,543$0$0$1,281,012
91$4,080,889$0$0$1,386,738
92$4,413,730$0$0$1,502,462
93$4,777,894$0$0$1,629,180
94$5,176,492$0$0$1,767,987
95$5,612,952$0$0$1,920,091
96$6,091,048$0$0$2,086,820
97$6,614,934$0$0$2,269,637
98$7,189,189$0$0$2,470,156
99$7,818,853$0$0$2,690,152
100$8,509,479$0$0$2,931,581