Can I retire at age 57 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$38,647$38,303$37,967$37,639$37,319$36,506
2 years$19,132$18,776$18,431$18,096$17,771$16,956
3 years$12,628$12,270$11,926$11,594$11,275$10,483
4 years$9,377$9,020$8,679$8,353$8,041$7,279
5 years$7,426$7,072$6,735$6,416$6,113$5,382
6 years$6,127$5,775$5,443$5,131$4,837$4,139
7 years$5,198$4,849$4,523$4,218$3,934$3,268
8 years$4,503$4,157$3,836$3,539$3,263$2,630
9 years$3,962$3,619$3,304$3,014$2,748$2,147
10 years$3,529$3,190$2,880$2,598$2,342$1,772
11 years$3,176$2,840$2,536$2,261$2,014$1,475
12 years$2,882$2,549$2,251$1,983$1,745$1,236
13 years$2,633$2,304$2,011$1,751$1,522$1,041
14 years$2,419$2,094$1,807$1,554$1,334$881
15 years$2,235$1,913$1,631$1,386$1,175$749
16 years$2,073$1,755$1,479$1,241$1,038$638
17 years$1,931$1,616$1,346$1,115$920$545
18 years$1,805$1,494$1,228$1,005$818$467
19 years$1,692$1,384$1,125$908$729$400
20 years$1,591$1,286$1,032$822$652$344
21 years$1,499$1,198$949$746$583$296
22 years$1,416$1,118$875$679$523$255
23 years$1,340$1,046$808$618$469$220
24 years$1,270$980$747$564$422$190
25 years$1,207$920$692$515$379$164
26 years$1,148$864$642$471$342$141
27 years$1,093$813$596$431$308$122
28 years$1,043$767$554$395$278$106
29 years$996$723$516$362$251$91
30 years$953$683$480$332$227$79
31 years$912$646$448$305$205$68
32 years$874$611$418$280$186$59
33 years$838$579$390$258$168$51
34 years$805$548$364$237$152$44
35 years$773$520$341$218$138$39
36 years$743$494$319$201$125$33
37 years$715$469$298$185$113$29
38 years$689$446$279$171$103$25
39 years$664$424$262$158$93$22
40 years$640$403$245$145$84$19
41 years$617$384$230$134$76$16
42 years$596$365$216$124$69$14
43 years$575$348$202$114$63$12
44 years$556$332$190$105$57$11
45 years$538$316$178$97$52$9
46 years$520$302$168$90$47$8
47 years$503$288$157$83$43$7
48 years$487$275$148$77$39$6
49 years$472$263$139$71$35$5
50 years$457$251$131$66$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $468,000, adding $2,693 every year, while hoping to spend $21,711 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: 38/36/26 Blend
56$468,000$468,000$468,000$468,000
57$518,514$493,710$486,456$534,112
58$548,302$494,801$479,652$546,855
59$580,401$495,219$471,892$558,416
60$615,023$494,906$463,122$570,489
61$652,403$493,803$453,284$583,133
62$692,796$491,848$442,317$596,415
63$736,486$488,974$430,160$610,412
64$783,783$485,108$416,745$625,209
65$835,027$480,177$402,005$640,902
66$890,595$474,100$385,866$657,599
67$950,897$466,793$368,255$675,420
68$1,016,389$458,166$349,091$694,500
69$1,087,568$448,124$328,294$714,991
70$1,164,984$436,566$305,776$737,061
71$1,249,241$423,387$281,448$760,899
72$1,341,003$408,472$255,216$786,715
73$1,441,002$391,703$226,982$814,744
74$1,550,042$372,954$196,643$845,248
75$1,669,008$352,091$164,093$878,519
76$1,798,876$328,973$129,220$914,882
77$1,940,720$303,451$91,906$954,698
78$2,095,719$275,366$52,031$998,371
79$2,265,175$244,552$9,467$1,046,346
80$2,450,521$210,832$0$1,099,123
81$2,653,332$174,021$0$1,167,228
82$2,875,344$133,921$0$1,244,752
83$3,118,470$90,324$0$1,329,788
84$3,384,815$43,011$0$1,423,134
85$3,676,697$0$0$1,525,672
86$3,996,671$0$0$1,641,649
87$4,347,547$0$0$1,787,574
88$4,732,424$0$0$1,947,705
89$5,154,714$0$0$2,123,471
90$5,618,174$0$0$2,316,443
91$6,126,943$0$0$2,528,354
92$6,685,582$0$0$2,761,113
93$7,299,114$0$0$3,016,822
94$7,973,072$0$0$3,297,796
95$8,713,550$0$0$3,606,587
96$9,527,265$0$0$3,946,006
97$10,421,615$0$0$4,319,149
98$11,404,749$0$0$4,729,429
99$12,485,647$0$0$5,180,603
100$13,674,201$0$0$5,676,813