Can I retire at age 57 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$39,390$39,039$38,697$38,363$38,037$37,299
2 years$19,500$19,137$18,785$18,444$18,113$17,373
3 years$12,871$12,506$12,155$11,817$11,491$10,772
4 years$9,557$9,193$8,846$8,514$8,196$7,502
5 years$7,569$7,208$6,865$6,539$6,230$5,565
6 years$6,244$5,886$5,548$5,229$4,930$4,293
7 years$5,298$4,943$4,610$4,299$4,009$3,402
8 years$4,589$4,237$3,910$3,607$3,326$2,747
9 years$4,038$3,689$3,368$3,072$2,801$2,251
10 years$3,597$3,252$2,936$2,648$2,387$1,864
11 years$3,237$2,895$2,585$2,305$2,053$1,557
12 years$2,937$2,598$2,294$2,022$1,779$1,310
13 years$2,683$2,348$2,049$1,785$1,551$1,108
14 years$2,466$2,134$1,841$1,584$1,360$942
15 years$2,278$1,950$1,663$1,413$1,197$803
16 years$2,113$1,789$1,507$1,265$1,058$688
17 years$1,968$1,647$1,372$1,137$938$590
18 years$1,840$1,522$1,252$1,024$834$507
19 years$1,725$1,411$1,146$926$743$437
20 years$1,621$1,311$1,052$838$664$377
21 years$1,528$1,221$968$761$594$326
22 years$1,443$1,140$892$692$533$282
23 years$1,366$1,066$823$630$478$244
24 years$1,295$999$762$575$430$212
25 years$1,230$937$705$525$387$184
26 years$1,170$881$654$480$348$160
27 years$1,114$829$607$439$314$139
28 years$1,063$781$565$402$283$120
29 years$1,015$737$525$369$256$105
30 years$971$696$489$339$231$91
31 years$929$658$456$311$209$79
32 years$891$623$426$286$189$69
33 years$854$590$398$263$171$60
34 years$820$559$371$242$155$52
35 years$788$530$347$223$140$45
36 years$758$503$325$205$127$40
37 years$729$478$304$189$115$35
38 years$702$454$285$174$104$30
39 years$676$432$267$161$95$26
40 years$652$411$250$148$86$23
41 years$629$391$234$137$78$20
42 years$607$372$220$126$71$17
43 years$587$355$206$116$64$15
44 years$567$338$194$107$58$13
45 years$548$323$182$99$53$11
46 years$530$308$171$92$48$10
47 years$513$294$161$85$44$9
48 years$496$280$151$78$40$8
49 years$481$268$142$72$36$7
50 years$466$256$133$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $477,000, adding $2,176 every year, while hoping to spend $38,974 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: 75/13/12 Blend
56$477,000$477,000$477,000$477,000
57$527,899$502,618$495,224$566,073
58$540,276$485,778$470,346$574,719
59$552,610$466,807$443,328$579,089
60$564,855$445,558$414,058$582,798
61$576,958$421,879$382,418$585,770
62$588,863$395,606$348,283$587,917
63$600,503$366,567$311,527$589,148
64$611,805$334,580$272,014$589,359
65$622,687$299,451$229,604$588,439
66$633,055$260,979$184,150$586,266
67$642,807$218,947$135,499$582,706
68$651,827$173,129$83,492$577,612
69$659,985$123,285$27,961$570,826
70$667,139$69,161$0$562,172
71$673,127$10,489$0$555,465
72$677,771$0$0$550,571
73$680,872$0$0$551,284
74$682,209$0$0$552,028
75$681,537$0$0$551,101
76$678,584$0$0$548,276
77$673,046$0$0$543,303
78$664,589$0$0$535,905
79$652,840$0$0$525,773
80$637,388$0$0$512,567
81$617,775$0$0$495,909
82$593,496$0$0$475,379
83$563,991$0$0$450,516
84$528,640$0$0$420,807
85$486,757$0$0$385,683
86$437,585$0$0$344,519
87$380,284$0$0$296,619
88$313,928$0$0$241,219
89$237,491$0$0$177,469
90$149,841$0$0$104,434
91$49,727$0$0$21,078
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0