Can I retire at age 57 with 476,000?

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 $476,000?

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$39,308$38,958$38,616$38,282$37,957$37,130
2 years$19,459$19,097$18,746$18,405$18,075$17,246
3 years$12,844$12,480$12,130$11,792$11,467$10,662
4 years$9,537$9,174$8,827$8,496$8,179$7,403
5 years$7,553$7,193$6,850$6,525$6,217$5,474
6 years$6,231$5,873$5,536$5,218$4,919$4,210
7 years$5,287$4,932$4,601$4,290$4,001$3,324
8 years$4,580$4,228$3,902$3,599$3,319$2,675
9 years$4,030$3,681$3,360$3,066$2,795$2,184
10 years$3,590$3,245$2,930$2,643$2,382$1,802
11 years$3,230$2,889$2,579$2,300$2,048$1,500
12 years$2,931$2,593$2,289$2,017$1,775$1,257
13 years$2,678$2,343$2,045$1,781$1,548$1,059
14 years$2,461$2,130$1,838$1,581$1,357$896
15 years$2,273$1,946$1,659$1,410$1,195$761
16 years$2,109$1,785$1,504$1,262$1,056$649
17 years$1,964$1,644$1,369$1,134$936$554
18 years$1,836$1,519$1,249$1,022$832$475
19 years$1,721$1,408$1,144$924$742$407
20 years$1,618$1,308$1,050$837$663$350
21 years$1,525$1,219$966$759$593$301
22 years$1,440$1,138$890$690$532$259
23 years$1,363$1,064$822$629$477$223
24 years$1,292$997$760$573$429$193
25 years$1,227$935$704$524$386$166
26 years$1,167$879$653$479$348$144
27 years$1,112$827$606$438$313$124
28 years$1,061$780$564$402$283$107
29 years$1,013$736$524$368$255$93
30 years$969$695$488$338$231$80
31 years$928$657$455$310$209$70
32 years$889$621$425$285$189$60
33 years$852$588$397$262$171$52
34 years$818$558$371$241$155$45
35 years$786$529$347$222$140$39
36 years$756$502$324$205$127$34
37 years$727$477$303$189$115$29
38 years$700$453$284$174$104$26
39 years$675$431$266$160$95$22
40 years$651$410$250$148$86$19
41 years$628$390$234$136$78$17
42 years$606$372$219$126$71$14
43 years$585$354$206$116$64$12
44 years$566$338$193$107$58$11
45 years$547$322$182$99$53$9
46 years$529$307$170$91$48$8
47 years$512$293$160$85$44$7
48 years$495$280$151$78$40$6
49 years$480$267$141$72$36$5
50 years$465$255$133$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $476,000, adding $3,658 every year, while hoping to spend $32,553 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: 41/39/20 Blend
56$476,000$476,000$476,000$476,000
57$528,325$503,097$495,719$546,740
58$547,578$493,113$477,690$550,225
59$567,704$481,548$457,965$550,584
60$588,757$468,291$436,454$550,303
61$610,797$453,224$413,062$549,340
62$633,888$436,221$387,689$547,653
63$658,098$417,150$360,230$545,197
64$683,504$395,871$330,578$541,927
65$710,187$372,234$298,618$537,796
66$738,236$346,084$264,232$532,755
67$767,748$317,254$227,296$526,754
68$798,828$285,569$187,680$519,743
69$831,591$250,843$145,249$511,670
70$866,160$212,882$99,862$502,481
71$902,673$171,477$51,372$492,123
72$941,277$126,411$0$480,542
73$982,134$77,452$0$467,764
74$1,025,422$24,357$0$465,359
75$1,071,332$0$0$462,334
76$1,120,078$0$0$472,892
77$1,171,888$0$0$495,256
78$1,227,017$0$0$519,086
79$1,285,739$0$0$544,506
80$1,348,359$0$0$571,651
81$1,415,208$0$0$600,672
82$1,486,648$0$0$631,729
83$1,563,079$0$0$665,003
84$1,644,937$0$0$700,690
85$1,732,700$0$0$739,003
86$1,826,895$0$0$780,181
87$1,928,098$0$0$824,481
88$2,036,941$0$0$872,188
89$2,154,120$0$0$923,615
90$2,280,398$0$0$979,106
91$2,416,612$0$0$1,039,037
92$2,563,684$0$0$1,103,823
93$2,722,626$0$0$1,173,919
94$2,894,549$0$0$1,249,826
95$3,080,677$0$0$1,332,096
96$3,282,352$0$0$1,421,333
97$3,501,053$0$0$1,518,202
98$3,738,404$0$0$1,623,437
99$3,996,192$0$0$1,737,844
100$4,276,384$0$0$1,862,307