Can I retire at age 57 with 478,000?

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 $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%18.6%
1 years$39,473$39,121$38,778$38,443$38,116$36,793
2 years$19,541$19,177$18,824$18,482$18,151$16,831
3 years$12,898$12,532$12,181$11,842$11,516$10,241
4 years$9,577$9,213$8,864$8,531$8,213$6,994
5 years$7,585$7,223$6,879$6,553$6,243$5,082
6 years$6,257$5,898$5,559$5,240$4,940$3,838
7 years$5,310$4,953$4,620$4,308$4,018$2,975
8 years$4,599$4,246$3,918$3,614$3,333$2,348
9 years$4,047$3,697$3,375$3,079$2,807$1,879
10 years$3,605$3,258$2,942$2,654$2,392$1,519
11 years$3,244$2,901$2,590$2,310$2,057$1,237
12 years$2,943$2,604$2,299$2,026$1,782$1,015
13 years$2,689$2,353$2,054$1,788$1,554$836
14 years$2,471$2,139$1,845$1,588$1,363$692
15 years$2,283$1,954$1,666$1,416$1,200$574
16 years$2,118$1,793$1,510$1,268$1,060$478
17 years$1,972$1,651$1,374$1,139$940$398
18 years$1,843$1,525$1,255$1,027$836$333
19 years$1,728$1,414$1,149$928$745$279
20 years$1,625$1,314$1,054$840$665$233
21 years$1,531$1,224$970$762$596$196
22 years$1,446$1,142$894$693$534$164
23 years$1,368$1,068$825$631$479$138
24 years$1,298$1,001$763$576$431$116
25 years$1,232$939$707$526$388$98
26 years$1,172$883$656$481$349$82
27 years$1,117$831$609$440$315$69
28 years$1,065$783$566$403$284$58
29 years$1,018$739$527$370$256$49
30 years$973$698$491$339$232$41
31 years$931$659$457$312$209$35
32 years$893$624$427$286$190$29
33 years$856$591$398$263$172$25
34 years$822$560$372$242$155$21
35 years$790$531$348$223$141$18
36 years$759$504$326$205$127$15
37 years$731$479$305$189$115$12
38 years$703$455$285$174$105$10
39 years$678$433$267$161$95$9
40 years$654$412$251$148$86$7
41 years$630$392$235$137$78$6
42 years$609$373$220$126$71$5
43 years$588$356$207$117$64$4
44 years$568$339$194$108$58$4
45 years$549$323$182$99$53$3
46 years$531$308$171$92$48$3
47 years$514$294$161$85$44$2
48 years$497$281$151$78$40$2
49 years$482$268$142$72$36$2
50 years$467$256$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $478,000, adding $3,539 every year, while hoping to spend $22,179 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: 68/20/12 Blend
56$478,000$478,000$478,000$478,000
57$530,406$505,072$497,663$564,846
58$560,910$506,223$490,737$589,353
59$593,781$506,686$482,835$613,164
60$629,238$506,405$473,902$638,631
61$667,521$505,320$463,878$665,914
62$708,893$503,365$452,703$695,189
63$753,643$500,474$440,312$726,649
64$802,090$496,572$426,637$760,511
65$854,584$491,584$411,610$797,012
66$911,507$485,428$395,155$836,413
67$973,285$478,018$377,196$879,004
68$1,040,381$469,262$357,653$925,104
69$1,113,307$459,063$336,442$975,066
70$1,192,626$447,319$313,475$1,029,279
71$1,278,957$433,920$288,659$1,088,173
72$1,372,982$418,753$261,900$1,152,223
73$1,475,449$401,695$233,097$1,221,953
74$1,587,185$382,618$202,145$1,297,940
75$1,709,096$361,385$168,936$1,380,824
76$1,842,183$337,852$133,355$1,471,309
77$1,987,546$311,867$95,282$1,570,173
78$2,146,396$283,269$54,594$1,678,274
79$2,320,066$251,887$11,161$1,796,560
80$2,510,025$217,542$0$1,926,077
81$2,717,889$180,043$0$2,072,484
82$2,945,438$139,189$0$2,234,367
83$3,194,633$94,769$0$2,411,720
84$3,467,631$46,559$0$2,606,114
85$3,766,810$0$0$2,819,279
86$4,094,788$0$0$3,054,376
87$4,454,449$0$0$3,323,447
88$4,848,967$0$0$3,618,625
89$5,281,842$0$0$3,942,531
90$5,756,925$0$0$4,298,053
91$6,278,462$0$0$4,688,369
92$6,851,127$0$0$5,116,983
93$7,480,070$0$0$5,587,752
94$8,170,964$0$0$6,104,929
95$8,930,059$0$0$6,673,196
96$9,764,240$0$0$7,297,710
97$10,681,092$0$0$7,984,157
98$11,688,970$0$0$8,738,797
99$12,797,083$0$0$9,568,528
100$14,015,572$0$0$10,480,950