Can I retire at age 57 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$39,473$39,121$38,778$38,443$38,116$37,765
2 years$19,541$19,177$18,824$18,482$18,151$17,797
3 years$12,898$12,532$12,181$11,842$11,516$11,170
4 years$9,577$9,213$8,864$8,531$8,213$7,879
5 years$7,585$7,223$6,879$6,553$6,243$5,921
6 years$6,257$5,898$5,559$5,240$4,940$4,630
7 years$5,310$4,953$4,620$4,308$4,018$3,720
8 years$4,599$4,246$3,918$3,614$3,333$3,048
9 years$4,047$3,697$3,375$3,079$2,807$2,534
10 years$3,605$3,258$2,942$2,654$2,392$2,131
11 years$3,244$2,901$2,590$2,310$2,057$1,809
12 years$2,943$2,604$2,299$2,026$1,782$1,546
13 years$2,689$2,353$2,054$1,788$1,554$1,329
14 years$2,471$2,139$1,845$1,588$1,363$1,149
15 years$2,283$1,954$1,666$1,416$1,200$997
16 years$2,118$1,793$1,510$1,268$1,060$868
17 years$1,972$1,651$1,374$1,139$940$758
18 years$1,843$1,525$1,255$1,027$836$664
19 years$1,728$1,414$1,149$928$745$582
20 years$1,625$1,314$1,054$840$665$512
21 years$1,531$1,224$970$762$596$451
22 years$1,446$1,142$894$693$534$398
23 years$1,368$1,068$825$631$479$351
24 years$1,298$1,001$763$576$431$310
25 years$1,232$939$707$526$388$275
26 years$1,172$883$656$481$349$243
27 years$1,117$831$609$440$315$216
28 years$1,065$783$566$403$284$191
29 years$1,018$739$527$370$256$170
30 years$973$698$491$339$232$151
31 years$931$659$457$312$209$134
32 years$893$624$427$286$190$119
33 years$856$591$398$263$172$106
34 years$822$560$372$242$155$94
35 years$790$531$348$223$141$83
36 years$759$504$326$205$127$74
37 years$731$479$305$189$115$66
38 years$703$455$285$174$105$59
39 years$678$433$267$161$95$52
40 years$654$412$251$148$86$47
41 years$630$392$235$137$78$41
42 years$609$373$220$126$71$37
43 years$588$356$207$117$64$33
44 years$568$339$194$108$58$29
45 years$549$323$182$99$53$26
46 years$531$308$171$92$48$23
47 years$514$294$161$85$44$21
48 years$497$281$151$78$40$18
49 years$482$268$142$72$36$16
50 years$467$256$134$67$33$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $478,000, adding $5,536 every year, while hoping to spend $31,593 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: 53/26/21 Blend
56$478,000$478,000$478,000$478,000
57$532,466$507,132$499,723$557,343
58$553,163$498,367$482,849$566,282
59$574,912$488,114$464,351$572,252
60$597,788$476,265$444,141$578,075
61$621,870$462,710$422,128$583,749
62$647,246$447,328$398,214$589,271
63$674,012$429,994$372,301$594,640
64$702,271$410,574$344,284$599,860
65$732,137$388,927$314,052$604,932
66$763,735$364,904$281,492$609,865
67$797,198$338,346$246,484$614,669
68$832,675$309,088$208,904$619,356
69$870,326$276,951$168,621$623,946
70$910,328$241,751$125,499$628,460
71$952,875$203,290$79,396$632,927
72$998,176$161,359$30,164$637,382
73$1,046,464$115,740$0$641,865
74$1,097,991$66,198$0$651,441
75$1,153,034$12,490$0$668,692
76$1,211,898$0$0$686,960
77$1,274,915$0$0$719,423
78$1,342,452$0$0$758,074
79$1,414,908$0$0$799,574
80$1,492,724$0$0$844,178
81$1,576,382$0$0$892,168
82$1,666,412$0$0$943,853
83$1,763,397$0$0$999,570
84$1,867,975$0$0$1,059,694
85$1,980,848$0$0$1,124,632
86$2,102,788$0$0$1,194,835
87$2,234,643$0$0$1,270,796
88$2,377,344$0$0$1,353,060
89$2,531,915$0$0$1,442,222
90$2,699,483$0$0$1,538,940
91$2,881,287$0$0$1,643,936
92$3,078,688$0$0$1,758,005
93$3,293,185$0$0$1,882,019
94$3,526,425$0$0$2,016,941
95$3,780,221$0$0$2,163,829
96$4,056,569$0$0$2,323,845
97$4,357,664$0$0$2,498,271
98$4,685,921$0$0$2,688,517
99$5,043,999$0$0$2,896,133
100$5,434,825$0$0$3,122,828