Can I retire at age 57 with 476,000?

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 $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%17.2%
1 years$39,308$38,958$38,616$38,282$37,957$36,845
2 years$19,459$19,097$18,746$18,405$18,075$16,964
3 years$12,844$12,480$12,130$11,792$11,467$10,392
4 years$9,537$9,174$8,827$8,496$8,179$7,147
5 years$7,553$7,193$6,850$6,525$6,217$5,232
6 years$6,231$5,873$5,536$5,218$4,919$3,982
7 years$5,287$4,932$4,601$4,290$4,001$3,111
8 years$4,580$4,228$3,902$3,599$3,319$2,476
9 years$4,030$3,681$3,360$3,066$2,795$1,998
10 years$3,590$3,245$2,930$2,643$2,382$1,629
11 years$3,230$2,889$2,579$2,300$2,048$1,340
12 years$2,931$2,593$2,289$2,017$1,775$1,109
13 years$2,678$2,343$2,045$1,781$1,548$922
14 years$2,461$2,130$1,838$1,581$1,357$770
15 years$2,273$1,946$1,659$1,410$1,195$646
16 years$2,109$1,785$1,504$1,262$1,056$543
17 years$1,964$1,644$1,369$1,134$936$458
18 years$1,836$1,519$1,249$1,022$832$386
19 years$1,721$1,408$1,144$924$742$327
20 years$1,618$1,308$1,050$837$663$277
21 years$1,525$1,219$966$759$593$235
22 years$1,440$1,138$890$690$532$199
23 years$1,363$1,064$822$629$477$169
24 years$1,292$997$760$573$429$144
25 years$1,227$935$704$524$386$122
26 years$1,167$879$653$479$348$104
27 years$1,112$827$606$438$313$88
28 years$1,061$780$564$402$283$75
29 years$1,013$736$524$368$255$64
30 years$969$695$488$338$231$55
31 years$928$657$455$310$209$47
32 years$889$621$425$285$189$40
33 years$852$588$397$262$171$34
34 years$818$558$371$241$155$29
35 years$786$529$347$222$140$25
36 years$756$502$324$205$127$21
37 years$727$477$303$189$115$18
38 years$700$453$284$174$104$15
39 years$675$431$266$160$95$13
40 years$651$410$250$148$86$11
41 years$628$390$234$136$78$9
42 years$606$372$219$126$71$8
43 years$585$354$206$116$64$7
44 years$566$338$193$107$58$6
45 years$547$322$182$99$53$5
46 years$529$307$170$91$48$4
47 years$512$293$160$85$44$4
48 years$495$280$151$78$40$3
49 years$480$267$141$72$36$3
50 years$465$255$133$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $476,000, adding $5,466 every year, while hoping to spend $32,407 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: 49/45/6 Blend
56$476,000$476,000$476,000$476,000
57$530,190$504,962$497,584$555,097
58$549,789$495,225$479,772$562,949
59$570,300$483,924$460,278$567,562
60$591,784$470,949$439,010$571,802
61$614,303$456,182$415,874$575,642
62$637,926$439,500$390,771$579,055
63$662,730$420,771$363,597$582,014
64$688,796$399,856$334,244$584,489
65$716,212$376,607$302,600$586,454
66$745,075$350,870$268,547$587,878
67$775,490$322,480$231,960$588,735
68$807,571$291,263$192,712$588,994
69$841,444$257,036$150,668$588,630
70$877,243$219,603$105,688$587,615
71$915,119$178,760$57,626$585,924
72$955,232$134,291$6,327$583,532
73$997,760$85,965$0$580,417
74$1,042,897$33,543$0$579,659
75$1,090,854$0$0$578,775
76$1,141,861$0$0$588,862
77$1,196,174$0$0$617,316
78$1,254,068$0$0$647,677
79$1,315,848$0$0$680,108
80$1,381,846$0$0$714,788
81$1,452,428$0$0$751,912
82$1,527,992$0$0$791,695
83$1,608,977$0$0$834,374
84$1,695,864$0$0$880,206
85$1,789,181$0$0$929,476
86$1,889,507$0$0$982,496
87$1,997,478$0$0$1,039,607
88$2,113,792$0$0$1,101,186
89$2,239,216$0$0$1,167,646
90$2,374,592$0$0$1,239,440
91$2,520,847$0$0$1,317,066
92$2,678,997$0$0$1,401,074
93$2,850,161$0$0$1,492,064
94$3,035,567$0$0$1,590,701
95$3,236,568$0$0$1,697,711
96$3,454,649$0$0$1,813,896
97$3,691,444$0$0$1,940,138
98$3,948,752$0$0$2,077,404
99$4,228,550$0$0$2,226,762
100$4,533,014$0$0$2,389,384