Can I retire at age 57 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$40,216$39,858$39,508$39,167$38,834$38,606
2 years$19,909$19,538$19,179$18,830$18,492$18,262
3 years$13,141$12,768$12,410$12,065$11,732$11,507
4 years$9,757$9,386$9,031$8,692$8,368$8,149
5 years$7,728$7,359$7,009$6,676$6,361$6,150
6 years$6,375$6,009$5,664$5,339$5,033$4,830
7 years$5,410$5,046$4,707$4,390$4,093$3,898
8 years$4,686$4,326$3,992$3,682$3,396$3,208
9 years$4,123$3,766$3,438$3,136$2,860$2,680
10 years$3,673$3,320$2,997$2,704$2,437$2,265
11 years$3,305$2,955$2,639$2,353$2,096$1,931
12 years$2,998$2,653$2,342$2,064$1,816$1,659
13 years$2,739$2,397$2,092$1,822$1,584$1,434
14 years$2,518$2,179$1,880$1,617$1,388$1,246
15 years$2,326$1,991$1,697$1,443$1,222$1,087
16 years$2,158$1,826$1,539$1,292$1,080$951
17 years$2,010$1,682$1,400$1,161$958$836
18 years$1,878$1,554$1,278$1,046$852$736
19 years$1,761$1,440$1,170$945$759$649
20 years$1,655$1,338$1,074$856$678$574
21 years$1,560$1,247$988$777$607$509
22 years$1,473$1,164$910$706$544$451
23 years$1,394$1,088$841$643$488$401
24 years$1,322$1,020$777$587$439$357
25 years$1,256$957$720$536$395$317
26 years$1,194$899$668$490$356$283
27 years$1,138$847$620$448$321$252
28 years$1,085$798$577$411$289$225
29 years$1,037$753$537$377$261$201
30 years$991$711$500$346$236$180
31 years$949$672$466$318$213$161
32 years$909$636$435$292$193$144
33 years$872$602$406$268$175$128
34 years$837$571$379$247$158$115
35 years$804$541$355$227$143$103
36 years$773$514$332$209$130$92
37 years$744$488$310$193$118$83
38 years$717$464$291$178$107$74
39 years$691$441$272$164$97$66
40 years$666$419$255$151$88$59
41 years$642$399$239$139$80$53
42 years$620$380$225$129$72$48
43 years$599$362$211$119$66$43
44 years$579$345$198$110$60$38
45 years$559$329$186$101$54$34
46 years$541$314$174$94$49$31
47 years$524$300$164$86$45$28
48 years$507$286$154$80$40$25
49 years$491$273$145$74$37$22
50 years$475$261$136$68$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $487,000, adding $2,459 every year, while hoping to spend $34,209 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: 45/33/22 Blend
56$487,000$487,000$487,000$487,000
57$539,210$513,399$505,851$559,957
58$557,812$502,158$486,399$563,571
59$577,164$489,219$465,149$563,936
60$597,307$474,463$442,004$563,637
61$618,286$457,765$416,864$562,628
62$640,145$438,990$389,623$560,863
63$662,936$417,997$360,172$558,292
64$686,713$394,636$328,395$554,864
65$711,535$368,750$294,173$550,527
66$737,463$340,171$257,380$545,225
67$764,567$308,722$217,885$538,901
68$792,920$274,216$175,551$531,496
69$822,601$236,456$130,235$522,949
70$853,698$195,233$81,789$513,196
71$886,302$150,327$30,056$502,172
72$920,516$101,504$0$489,811
73$956,450$48,520$0$481,946
74$994,224$0$0$480,518
75$1,033,968$0$0$481,658
76$1,075,822$0$0$501,434
77$1,119,942$0$0$522,304
78$1,166,496$0$0$544,348
79$1,215,666$0$0$567,656
80$1,267,653$0$0$592,328
81$1,322,673$0$0$618,469
82$1,380,966$0$0$646,197
83$1,442,792$0$0$675,640
84$1,508,434$0$0$706,937
85$1,578,203$0$0$740,241
86$1,652,440$0$0$775,720
87$1,731,518$0$0$813,557
88$1,815,842$0$0$853,953
89$1,905,861$0$0$897,127
90$2,002,062$0$0$943,322
91$2,104,983$0$0$992,801
92$2,215,212$0$0$1,045,855
93$2,333,392$0$0$1,102,802
94$2,460,233$0$0$1,163,991
95$2,596,509$0$0$1,229,805
96$2,743,073$0$0$1,300,665
97$2,900,861$0$0$1,377,034
98$3,070,900$0$0$1,459,419
99$3,254,320$0$0$1,548,378
100$3,452,358$0$0$1,644,525