Can I retire at age 57 with 481,000?

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 $481,000?

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$39,721$39,367$39,022$38,685$38,356$37,612
2 years$19,664$19,297$18,942$18,598$18,265$17,518
3 years$12,979$12,611$12,257$11,916$11,588$10,862
4 years$9,637$9,270$8,920$8,585$8,265$7,565
5 years$7,633$7,268$6,922$6,594$6,283$5,612
6 years$6,297$5,935$5,594$5,273$4,971$4,329
7 years$5,343$4,984$4,649$4,335$4,043$3,430
8 years$4,628$4,272$3,943$3,637$3,354$2,770
9 years$4,072$3,720$3,396$3,098$2,825$2,270
10 years$3,628$3,279$2,960$2,670$2,407$1,880
11 years$3,264$2,919$2,606$2,324$2,070$1,570
12 years$2,962$2,620$2,313$2,038$1,794$1,321
13 years$2,706$2,368$2,067$1,800$1,564$1,118
14 years$2,487$2,152$1,857$1,598$1,371$950
15 years$2,297$1,966$1,676$1,425$1,207$810
16 years$2,131$1,804$1,520$1,276$1,067$693
17 years$1,985$1,661$1,383$1,146$946$595
18 years$1,855$1,535$1,263$1,033$841$512
19 years$1,739$1,423$1,156$933$750$441
20 years$1,635$1,322$1,061$845$670$380
21 years$1,541$1,231$976$767$599$329
22 years$1,455$1,149$899$698$537$284
23 years$1,377$1,075$830$635$482$246
24 years$1,306$1,007$768$579$433$214
25 years$1,240$945$711$529$390$185
26 years$1,180$888$660$484$351$161
27 years$1,124$836$613$443$317$140
28 years$1,072$788$569$406$286$121
29 years$1,024$743$530$372$258$106
30 years$979$702$494$341$233$92
31 years$937$664$460$314$211$80
32 years$898$628$429$288$191$70
33 years$861$595$401$265$173$61
34 years$827$564$375$244$156$53
35 years$794$534$350$224$142$46
36 years$764$507$328$207$128$40
37 years$735$482$307$190$116$35
38 years$708$458$287$176$105$30
39 years$682$435$269$162$96$26
40 years$658$414$252$149$87$23
41 years$634$394$236$138$79$20
42 years$612$376$222$127$71$17
43 years$591$358$208$117$65$15
44 years$571$341$195$108$59$13
45 years$552$325$183$100$53$12
46 years$534$310$172$92$48$10
47 years$517$296$162$85$44$9
48 years$501$283$152$79$40$8
49 years$485$270$143$73$36$7
50 years$470$258$134$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $481,000, adding $2,197 every year, while hoping to spend $37,358 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: 49/29/22 Blend
56$481,000$481,000$481,000$481,000
57$532,328$506,835$499,380$555,013
58$546,877$491,922$476,360$556,105
59$561,658$475,025$451,318$553,341
60$576,655$456,009$424,145$549,569
61$591,849$434,729$394,729$544,707
62$607,219$411,032$362,954$538,671
63$622,739$384,757$328,697$531,371
64$638,381$355,732$291,830$522,709
65$654,109$323,776$252,220$512,583
66$669,886$288,699$209,727$500,881
67$685,668$250,299$164,206$487,486
68$701,404$208,361$115,505$472,271
69$717,038$162,662$63,466$455,101
70$732,506$112,962$7,921$435,831
71$747,734$59,010$0$414,306
72$762,642$541$0$402,415
73$777,138$0$0$390,695
74$791,119$0$0$397,155
75$804,469$0$0$403,417
76$817,059$0$0$409,240
77$828,746$0$0$414,544
78$839,367$0$0$419,241
79$848,744$0$0$423,233
80$856,675$0$0$426,411
81$862,939$0$0$428,654
82$867,286$0$0$429,826
83$869,441$0$0$429,777
84$869,097$0$0$428,341
85$865,913$0$0$425,331
86$859,512$0$0$420,544
87$849,474$0$0$413,752
88$835,335$0$0$404,701
89$816,579$0$0$393,112
90$792,634$0$0$378,676
91$762,870$0$0$361,050
92$726,585$0$0$339,854
93$683,005$0$0$314,669
94$631,273$0$0$285,029
95$570,440$0$0$250,421
96$499,458$0$0$210,278
97$417,166$0$0$163,970
98$322,284$0$0$110,805
99$213,395$0$0$50,015
100$88,933$0$0$0