Can I retire at age 57 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$40,299$39,940$39,589$39,248$38,914$38,301
2 years$19,950$19,578$19,218$18,869$18,530$17,914
3 years$13,168$12,795$12,435$12,090$11,756$11,156
4 years$9,777$9,405$9,050$8,710$8,385$7,806
5 years$7,744$7,374$7,023$6,690$6,374$5,817
6 years$6,388$6,021$5,676$5,350$5,044$4,510
7 years$5,421$5,057$4,716$4,399$4,102$3,591
8 years$4,695$4,335$4,000$3,690$3,403$2,916
9 years$4,131$3,774$3,445$3,143$2,866$2,401
10 years$3,680$3,327$3,004$2,709$2,442$2,000
11 years$3,312$2,961$2,644$2,358$2,100$1,680
12 years$3,005$2,658$2,347$2,068$1,820$1,422
13 years$2,745$2,402$2,097$1,826$1,587$1,210
14 years$2,523$2,183$1,884$1,621$1,391$1,034
15 years$2,330$1,995$1,701$1,445$1,225$888
16 years$2,162$1,830$1,542$1,294$1,082$765
17 years$2,014$1,685$1,403$1,163$960$660
18 years$1,882$1,557$1,281$1,048$853$572
19 years$1,764$1,443$1,173$947$761$496
20 years$1,659$1,341$1,076$858$679$431
21 years$1,563$1,249$990$778$608$375
22 years$1,476$1,166$912$708$545$327
23 years$1,397$1,091$842$645$489$285
24 years$1,325$1,022$779$588$440$249
25 years$1,258$959$722$537$396$217
26 years$1,197$901$669$491$356$190
27 years$1,140$848$621$449$321$166
28 years$1,088$799$578$412$290$146
29 years$1,039$754$538$378$262$127
30 years$993$712$501$346$237$112
31 years$951$673$467$318$214$98
32 years$911$637$436$292$193$86
33 years$874$603$407$269$175$75
34 years$839$572$380$247$159$66
35 years$806$542$355$228$144$58
36 years$775$515$332$210$130$51
37 years$746$489$311$193$118$45
38 years$718$465$291$178$107$39
39 years$692$442$273$164$97$34
40 years$667$420$256$152$88$30
41 years$644$400$240$140$80$27
42 years$621$381$225$129$72$23
43 years$600$363$211$119$66$20
44 years$580$346$198$110$60$18
45 years$561$330$186$102$54$16
46 years$542$315$175$94$49$14
47 years$525$300$164$87$45$12
48 years$508$287$154$80$41$11
49 years$492$274$145$74$37$9
50 years$476$262$136$68$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $488,000, adding $4,252 every year, while hoping to spend $24,796 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: 66/11/23 Blend
56$488,000$488,000$488,000$488,000
57$542,162$516,298$508,734$574,477
58$571,080$515,214$499,394$595,638
59$602,116$513,245$488,910$615,559
60$635,461$510,323$477,217$636,764
61$671,323$506,374$464,249$659,379
62$709,930$501,319$449,934$683,547
63$751,535$495,075$434,198$709,421
64$796,413$487,555$416,965$737,176
65$844,867$478,666$398,154$767,001
66$897,231$468,308$377,680$799,108
67$953,871$456,378$355,455$833,729
68$1,015,190$442,765$331,386$871,124
69$1,081,631$427,351$305,379$911,578
70$1,153,679$410,013$277,331$955,406
71$1,231,870$390,620$247,137$1,002,958
72$1,316,793$369,032$214,689$1,054,620
73$1,409,096$345,104$179,870$1,110,819
74$1,509,489$318,681$142,562$1,172,027
75$1,618,758$289,597$102,639$1,238,764
76$1,737,765$257,680$59,970$1,311,608
77$1,867,458$222,748$14,420$1,391,194
78$2,008,881$184,605$0$1,478,227
79$2,163,184$143,048$0$1,581,874
80$2,331,632$97,860$0$1,698,925
81$2,515,618$48,814$0$1,826,823
82$2,716,674$0$0$1,966,656
83$2,936,488$0$0$2,120,146
84$3,176,919$0$0$2,294,524
85$3,440,012$0$0$2,485,369
86$3,728,022$0$0$2,694,321
87$4,043,427$0$0$2,923,181
88$4,388,961$0$0$3,173,938
89$4,767,632$0$0$3,448,779
90$5,182,755$0$0$3,750,113
91$5,637,977$0$0$4,080,594
92$6,137,320$0$0$4,443,145
93$6,685,210$0$0$4,840,986
94$7,286,524$0$0$5,277,663
95$7,946,634$0$0$5,757,082
96$8,671,457$0$0$6,283,546
97$9,467,512$0$0$6,861,796
98$10,341,978$0$0$7,497,054
99$11,302,766$0$0$8,195,071
100$12,358,591$0$0$8,962,185