Can I retire at age 57 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$39,886$39,530$39,184$38,845$38,515$38,304
2 years$19,745$19,378$19,021$18,676$18,341$18,128
3 years$13,033$12,664$12,308$11,966$11,636$11,428
4 years$9,677$9,309$8,957$8,621$8,299$8,097
5 years$7,664$7,298$6,951$6,621$6,309$6,114
6 years$6,323$5,960$5,617$5,295$4,992$4,804
7 years$5,365$5,005$4,668$4,354$4,060$3,879
8 years$4,647$4,290$3,959$3,652$3,368$3,195
9 years$4,089$3,735$3,410$3,111$2,836$2,670
10 years$3,643$3,293$2,973$2,681$2,417$2,258
11 years$3,278$2,931$2,617$2,334$2,078$1,927
12 years$2,974$2,631$2,323$2,047$1,801$1,656
13 years$2,717$2,378$2,075$1,807$1,571$1,432
14 years$2,497$2,161$1,865$1,604$1,377$1,245
15 years$2,306$1,974$1,683$1,431$1,212$1,087
16 years$2,140$1,811$1,526$1,281$1,071$952
17 years$1,993$1,668$1,389$1,151$950$837
18 years$1,863$1,541$1,268$1,037$845$737
19 years$1,746$1,429$1,161$937$753$651
20 years$1,642$1,328$1,065$849$672$576
21 years$1,547$1,237$980$770$602$511
22 years$1,461$1,154$903$700$539$454
23 years$1,383$1,080$834$638$484$403
24 years$1,311$1,011$771$582$435$359
25 years$1,245$949$714$531$392$320
26 years$1,185$892$662$486$353$285
27 years$1,128$840$615$445$318$255
28 years$1,077$791$572$407$287$227
29 years$1,028$746$532$374$259$203
30 years$983$705$496$343$234$182
31 years$941$666$462$315$212$163
32 years$902$630$431$289$191$145
33 years$865$597$403$266$173$130
34 years$830$566$376$245$157$117
35 years$798$537$352$225$142$105
36 years$767$509$329$208$129$94
37 years$738$484$308$191$117$84
38 years$711$460$288$176$106$75
39 years$685$437$270$163$96$68
40 years$660$416$253$150$87$61
41 years$637$396$237$138$79$54
42 years$615$377$223$128$72$49
43 years$594$359$209$118$65$44
44 years$574$343$196$109$59$39
45 years$555$327$184$101$54$35
46 years$537$312$173$93$49$32
47 years$519$297$163$86$44$28
48 years$503$284$153$79$40$26
49 years$487$271$144$73$36$23
50 years$472$259$135$68$33$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $483,000, adding $6,059 every year, while hoping to spend $35,483 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: 43/48/9 Blend
56$483,000$483,000$483,000$483,000
57$538,516$512,917$505,430$560,018
58$555,691$500,296$484,609$562,962
59$573,428$485,868$461,900$562,074
60$591,749$469,506$437,204$560,306
61$610,672$451,077$410,416$557,591
62$630,220$430,439$381,424$553,858
63$650,416$407,444$350,116$549,032
64$671,284$381,934$316,369$543,034
65$692,847$353,741$280,060$535,780
66$715,132$322,689$241,057$527,181
67$738,166$288,592$199,223$517,143
68$761,978$251,251$154,416$505,568
69$786,597$210,459$106,485$492,350
70$812,053$165,996$55,277$477,379
71$838,382$117,628$627$460,539
72$865,615$65,111$0$441,707
73$893,791$8,184$0$426,293
74$922,947$0$0$409,044
75$953,124$0$0$417,993
76$984,363$0$0$431,736
77$1,016,711$0$0$445,971
78$1,050,215$0$0$460,719
79$1,084,924$0$0$476,003
80$1,120,893$0$0$491,847
81$1,158,178$0$0$508,277
82$1,196,839$0$0$525,320
83$1,236,940$0$0$543,005
84$1,278,549$0$0$561,364
85$1,321,739$0$0$580,428
86$1,366,587$0$0$600,234
87$1,413,174$0$0$620,819
88$1,461,591$0$0$642,224
89$1,511,930$0$0$664,491
90$1,564,294$0$0$687,668
91$1,618,791$0$0$711,803
92$1,675,537$0$0$736,952
93$1,734,657$0$0$763,170
94$1,796,286$0$0$790,521
95$1,860,569$0$0$819,071
96$1,927,663$0$0$848,893
97$1,997,735$0$0$880,064
98$2,070,969$0$0$912,670
99$2,147,561$0$0$946,800
100$2,227,723$0$0$982,554