Can I retire at age 57 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$39,060$38,712$38,373$38,041$37,718$36,525
2 years$19,337$18,976$18,627$18,289$17,961$16,770
3 years$12,763$12,401$12,053$11,718$11,395$10,243
4 years$9,477$9,116$8,772$8,442$8,127$7,024
5 years$7,506$7,147$6,807$6,484$6,178$5,126
6 years$6,192$5,836$5,501$5,186$4,888$3,888
7 years$5,254$4,901$4,572$4,263$3,976$3,027
8 years$4,551$4,201$3,877$3,576$3,298$2,401
9 years$4,004$3,658$3,339$3,046$2,778$1,930
10 years$3,567$3,224$2,911$2,626$2,367$1,568
11 years$3,210$2,870$2,563$2,285$2,035$1,284
12 years$2,912$2,576$2,275$2,005$1,764$1,059
13 years$2,661$2,328$2,032$1,770$1,538$877
14 years$2,445$2,116$1,826$1,571$1,348$730
15 years$2,259$1,933$1,649$1,401$1,187$609
16 years$2,096$1,774$1,495$1,254$1,049$510
17 years$1,952$1,634$1,360$1,127$930$428
18 years$1,824$1,510$1,242$1,016$827$360
19 years$1,710$1,399$1,137$918$737$303
20 years$1,608$1,300$1,043$831$659$255
21 years$1,515$1,211$959$754$589$215
22 years$1,431$1,130$884$686$528$182
23 years$1,354$1,057$817$625$474$154
24 years$1,284$991$755$570$426$130
25 years$1,219$930$699$520$384$110
26 years$1,160$874$649$476$345$93
27 years$1,105$822$602$435$311$79
28 years$1,054$775$560$399$281$67
29 years$1,007$731$521$366$254$57
30 years$963$690$485$336$229$48
31 years$922$653$452$308$207$41
32 years$883$617$422$283$188$35
33 years$847$585$394$261$170$29
34 years$813$554$368$240$154$25
35 years$781$526$344$221$139$21
36 years$751$499$322$203$126$18
37 years$723$474$302$187$114$15
38 years$696$450$282$173$104$13
39 years$671$428$265$159$94$11
40 years$647$407$248$147$85$9
41 years$624$388$232$135$77$8
42 years$602$369$218$125$70$7
43 years$582$352$205$115$64$6
44 years$562$335$192$107$58$5
45 years$543$320$180$98$52$4
46 years$525$305$169$91$48$3
47 years$508$291$159$84$43$3
48 years$492$278$150$78$39$3
49 years$477$265$141$72$36$2
50 years$462$254$132$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $473,000, adding $2,844 every year, while hoping to spend $27,090 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: 49/33/18 Blend
56$473,000$473,000$473,000$473,000
57$524,180$499,111$491,779$547,098
58$548,822$494,743$479,430$558,887
59$575,071$489,254$465,760$568,683
60$603,060$482,560$450,694$578,744
61$632,938$474,571$434,159$589,106
62$664,867$465,195$416,072$599,809
63$699,025$454,331$396,352$610,898
64$735,607$441,874$374,912$622,427
65$774,827$427,714$351,659$634,457
66$816,919$411,731$326,499$647,054
67$862,140$393,802$299,333$660,296
68$910,774$373,794$270,056$674,272
69$963,131$351,568$238,561$689,079
70$1,019,551$326,975$204,733$704,831
71$1,080,408$299,860$168,455$721,653
72$1,146,114$270,058$129,602$739,686
73$1,217,121$237,394$88,047$759,092
74$1,293,924$201,683$43,654$780,048
75$1,377,070$162,731$0$802,756
76$1,467,159$120,332$0$828,157
77$1,564,850$74,269$0$864,782
78$1,670,869$24,313$0$904,550
79$1,786,013$0$0$947,808
80$1,911,161$0$0$1,005,756
81$2,047,277$0$0$1,078,429
82$2,195,424$0$0$1,157,574
83$2,356,771$0$0$1,243,819
84$2,532,604$0$0$1,337,858
85$2,724,339$0$0$1,440,455
86$2,933,533$0$0$1,552,451
87$3,161,901$0$0$1,674,770
88$3,411,330$0$0$1,808,430
89$3,683,899$0$0$1,954,553
90$3,981,896$0$0$2,114,372
91$4,307,838$0$0$2,289,248
92$4,664,501$0$0$2,480,676
93$5,054,936$0$0$2,690,305
94$5,482,508$0$0$2,919,948
95$5,950,919$0$0$3,171,605
96$6,464,247$0$0$3,447,476
97$7,026,985$0$0$3,749,986
98$7,644,078$0$0$4,081,804
99$8,320,976$0$0$4,445,871
100$9,063,679$0$0$4,845,427