Can I retire at age 57 with 474,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$39,142$38,794$38,454$38,122$37,797$37,156
2 years$19,377$19,017$18,667$18,328$17,999$17,354
3 years$12,790$12,428$12,079$11,743$11,419$10,792
4 years$9,497$9,136$8,790$8,460$8,144$7,539
5 years$7,522$7,162$6,822$6,498$6,191$5,610
6 years$6,205$5,849$5,513$5,197$4,899$4,342
7 years$5,265$4,912$4,581$4,272$3,984$3,452
8 years$4,560$4,210$3,885$3,584$3,305$2,798
9 years$4,013$3,666$3,346$3,053$2,783$2,300
10 years$3,575$3,231$2,917$2,632$2,372$1,912
11 years$3,217$2,877$2,568$2,290$2,040$1,604
12 years$2,918$2,582$2,279$2,009$1,768$1,354
13 years$2,666$2,333$2,037$1,773$1,541$1,150
14 years$2,450$2,121$1,830$1,574$1,351$981
15 years$2,263$1,937$1,652$1,404$1,190$841
16 years$2,100$1,778$1,498$1,257$1,051$722
17 years$1,956$1,637$1,363$1,130$932$623
18 years$1,828$1,513$1,244$1,018$829$538
19 years$1,714$1,402$1,139$920$739$465
20 years$1,611$1,303$1,045$833$660$403
21 years$1,518$1,213$962$756$591$350
22 years$1,434$1,133$886$687$529$304
23 years$1,357$1,059$818$626$475$265
24 years$1,287$993$757$571$427$231
25 years$1,222$932$701$521$384$201
26 years$1,163$875$650$477$346$175
27 years$1,107$824$604$436$312$153
28 years$1,056$776$561$400$282$134
29 years$1,009$732$522$367$254$117
30 years$965$692$486$337$230$102
31 years$924$654$453$309$208$89
32 years$885$619$423$284$188$78
33 years$849$586$395$261$170$68
34 years$815$555$369$240$154$60
35 years$783$527$345$221$139$52
36 years$753$500$323$204$126$46
37 years$724$475$302$188$115$40
38 years$698$451$283$173$104$35
39 years$672$429$265$160$94$31
40 years$648$408$248$147$85$27
41 years$625$389$233$136$77$24
42 years$603$370$219$125$70$21
43 years$583$353$205$116$64$18
44 years$563$336$193$107$58$16
45 years$544$321$181$99$53$14
46 years$527$306$170$91$48$12
47 years$510$292$159$84$43$11
48 years$493$279$150$78$39$9
49 years$478$266$141$72$36$8
50 years$463$254$132$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $474,000, adding $2,677 every year, while hoping to spend $20,889 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: 67/8/25 Blend
56$474,000$474,000$474,000$474,000
57$525,109$499,987$492,640$556,731
58$556,445$502,261$486,918$580,595
59$590,276$503,946$480,304$604,063
60$626,836$504,991$472,746$629,250
61$666,381$505,343$464,190$656,326
62$709,190$504,943$454,579$685,479
63$755,574$503,732$443,854$716,917
64$805,871$501,643$431,951$750,869
65$860,455$498,609$418,807$787,588
66$919,737$494,556$404,353$827,353
67$984,168$489,408$388,517$870,474
68$1,054,246$483,081$371,224$917,291
69$1,130,517$475,490$352,398$968,181
70$1,213,583$466,542$331,957$1,023,559
71$1,304,106$456,140$309,815$1,083,883
72$1,402,814$444,181$285,883$1,149,661
73$1,510,510$430,555$260,069$1,221,451
74$1,628,076$415,146$232,276$1,299,871
75$1,756,484$397,832$202,401$1,385,600
76$1,896,804$378,484$170,339$1,479,392
77$2,050,212$356,964$135,980$1,582,074
78$2,218,006$333,127$99,208$1,694,564
79$2,401,613$306,821$59,902$1,817,870
80$2,602,605$277,883$17,936$1,953,107
81$2,822,714$246,142$0$2,101,506
82$3,063,844$211,417$0$2,271,585
83$3,328,096$173,516$0$2,463,250
84$3,617,782$132,238$0$2,673,403
85$3,935,448$87,370$0$2,903,904
86$4,283,897$38,685$0$3,156,805
87$4,666,221$0$0$3,434,368
88$5,085,820$0$0$3,740,319
89$5,546,444$0$0$4,079,951
90$6,052,220$0$0$4,452,906
91$6,607,696$0$0$4,862,542
92$7,217,882$0$0$5,312,558
93$7,888,298$0$0$5,807,027
94$8,625,024$0$0$6,350,438
95$9,434,757$0$0$6,947,737
96$10,324,877$0$0$7,604,371
97$11,303,515$0$0$8,326,343
98$12,379,626$0$0$9,120,266
99$13,563,081$0$0$9,993,424
100$14,864,751$0$0$10,953,846