Can I retire at age 57 with 481,000?

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 $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%14.9%
1 years$39,721$39,367$39,022$38,685$38,356$37,581
2 years$19,664$19,297$18,942$18,598$18,265$17,488
3 years$12,979$12,611$12,257$11,916$11,588$10,833
4 years$9,637$9,270$8,920$8,585$8,265$7,537
5 years$7,633$7,268$6,922$6,594$6,283$5,585
6 years$6,297$5,935$5,594$5,273$4,971$4,304
7 years$5,343$4,984$4,649$4,335$4,043$3,406
8 years$4,628$4,272$3,943$3,637$3,354$2,748
9 years$4,072$3,720$3,396$3,098$2,825$2,248
10 years$3,628$3,279$2,960$2,670$2,407$1,860
11 years$3,264$2,919$2,606$2,324$2,070$1,552
12 years$2,962$2,620$2,313$2,038$1,794$1,304
13 years$2,706$2,368$2,067$1,800$1,564$1,102
14 years$2,487$2,152$1,857$1,598$1,371$935
15 years$2,297$1,966$1,676$1,425$1,207$796
16 years$2,131$1,804$1,520$1,276$1,067$681
17 years$1,985$1,661$1,383$1,146$946$583
18 years$1,855$1,535$1,263$1,033$841$501
19 years$1,739$1,423$1,156$933$750$431
20 years$1,635$1,322$1,061$845$670$371
21 years$1,541$1,231$976$767$599$320
22 years$1,455$1,149$899$698$537$277
23 years$1,377$1,075$830$635$482$239
24 years$1,306$1,007$768$579$433$207
25 years$1,240$945$711$529$390$179
26 years$1,180$888$660$484$351$156
27 years$1,124$836$613$443$317$135
28 years$1,072$788$569$406$286$117
29 years$1,024$743$530$372$258$102
30 years$979$702$494$341$233$88
31 years$937$664$460$314$211$77
32 years$898$628$429$288$191$67
33 years$861$595$401$265$173$58
34 years$827$564$375$244$156$50
35 years$794$534$350$224$142$44
36 years$764$507$328$207$128$38
37 years$735$482$307$190$116$33
38 years$708$458$287$176$105$29
39 years$682$435$269$162$96$25
40 years$658$414$252$149$87$22
41 years$634$394$236$138$79$19
42 years$612$376$222$127$71$16
43 years$591$358$208$117$65$14
44 years$571$341$195$108$59$12
45 years$552$325$183$100$53$11
46 years$534$310$172$92$48$9
47 years$517$296$162$85$44$8
48 years$501$283$152$79$40$7
49 years$485$270$143$73$36$6
50 years$470$258$134$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $481,000, adding $6,189 every year, while hoping to spend $22,286 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: 67/17/16 Blend
56$481,000$481,000$481,000$481,000
57$536,446$510,953$503,497$569,932
58$567,451$512,278$496,652$594,398
59$600,872$512,920$488,831$617,957
60$636,932$512,824$479,978$643,163
61$675,875$511,928$470,033$670,177
62$717,970$510,168$458,935$699,175
63$763,513$507,477$446,619$730,355
64$812,829$503,781$433,019$763,931
65$866,277$499,005$418,064$800,142
66$924,247$493,067$401,680$839,252
67$987,174$485,880$383,789$881,552
68$1,055,531$477,354$364,312$927,362
69$1,129,842$467,392$343,163$977,039
70$1,210,683$455,890$320,256$1,030,974
71$1,298,686$442,742$295,497$1,089,600
72$1,394,546$427,831$268,791$1,153,395
73$1,499,032$411,037$240,038$1,222,886
74$1,612,986$392,231$209,132$1,298,656
75$1,737,336$371,276$175,964$1,381,347
76$1,873,105$348,028$140,419$1,471,671
77$2,021,417$322,337$102,378$1,570,411
78$2,183,510$294,040$61,716$1,678,431
79$2,360,747$262,967$18,303$1,796,686
80$2,554,630$228,940$0$1,926,231
81$2,766,812$191,767$0$2,073,013
82$2,999,112$151,248$0$2,237,177
83$3,253,534$107,172$0$2,417,035
84$3,532,285$59,314$0$2,614,179
85$3,837,795$7,438$0$2,830,359
86$4,172,743$0$0$3,067,508
87$4,540,075$0$0$3,336,867
88$4,943,038$0$0$3,633,911
89$5,385,210$0$0$3,959,889
90$5,870,530$0$0$4,317,709
91$6,403,338$0$0$4,710,574
92$6,988,413$0$0$5,142,015
93$7,631,022$0$0$5,615,918
94$8,336,966$0$0$6,136,566
95$9,112,634$0$0$6,708,676
96$9,965,068$0$0$7,337,446
97$10,902,022$0$0$8,028,602
98$11,932,043$0$0$8,788,452
99$13,064,543$0$0$9,623,946
100$14,309,893$0$0$10,542,741