Can I retire at age 57 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$40,464$40,103$39,752$39,408$39,073$37,657
2 years$20,032$19,658$19,297$18,946$18,606$17,195
3 years$13,222$12,847$12,486$12,139$11,805$10,443
4 years$9,817$9,444$9,087$8,746$8,419$7,117
5 years$7,775$7,404$7,052$6,717$6,400$5,161
6 years$6,415$6,046$5,699$5,372$5,064$3,889
7 years$5,443$5,077$4,736$4,417$4,119$3,007
8 years$4,714$4,352$4,016$3,705$3,417$2,368
9 years$4,148$3,789$3,459$3,156$2,877$1,890
10 years$3,695$3,340$3,016$2,720$2,452$1,524
11 years$3,325$2,974$2,655$2,368$2,109$1,239
12 years$3,017$2,669$2,356$2,077$1,827$1,013
13 years$2,756$2,412$2,105$1,833$1,593$832
14 years$2,533$2,192$1,892$1,627$1,397$687
15 years$2,340$2,003$1,708$1,451$1,230$568
16 years$2,171$1,838$1,548$1,300$1,087$472
17 years$2,022$1,692$1,409$1,168$964$392
18 years$1,890$1,564$1,286$1,052$857$327
19 years$1,772$1,449$1,177$951$764$273
20 years$1,665$1,347$1,081$861$682$228
21 years$1,569$1,254$994$782$610$190
22 years$1,482$1,171$916$711$547$159
23 years$1,403$1,095$846$647$491$133
24 years$1,330$1,026$782$590$442$112
25 years$1,263$963$725$539$397$94
26 years$1,202$905$672$493$358$79
27 years$1,145$852$624$451$323$66
28 years$1,092$803$580$413$291$55
29 years$1,043$757$540$379$263$46
30 years$997$715$503$348$238$39
31 years$955$676$469$319$215$33
32 years$915$640$437$294$194$27
33 years$878$606$408$270$176$23
34 years$842$574$382$248$159$19
35 years$809$544$357$229$144$16
36 years$778$517$334$211$131$14
37 years$749$491$312$194$118$11
38 years$721$466$292$179$107$10
39 years$695$444$274$165$97$8
40 years$670$422$257$152$88$7
41 years$646$402$241$140$80$6
42 years$624$383$226$130$73$5
43 years$603$365$212$120$66$4
44 years$582$347$199$110$60$3
45 years$563$331$187$102$54$3
46 years$544$316$175$94$49$2
47 years$527$302$165$87$45$2
48 years$510$288$155$80$41$2
49 years$494$275$146$74$37$1
50 years$478$263$137$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $490,000, adding $5,279 every year, while hoping to spend $39,204 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: 34/38/28 Blend
56$490,000$490,000$490,000$490,000
57$545,425$519,455$511,860$559,206
58$559,346$503,196$487,295$553,788
59$573,372$484,826$460,593$544,076
60$587,474$464,200$431,640$532,844
61$601,617$441,166$400,320$519,985
62$615,760$415,561$366,509$505,384
63$629,857$387,214$330,077$488,917
64$643,859$355,943$290,891$470,454
65$657,706$321,558$248,809$449,857
66$671,332$283,855$203,685$426,978
67$684,665$242,620$155,365$401,660
68$697,621$197,629$103,690$373,734
69$710,106$148,641$48,491$343,024
70$722,017$95,404$0$309,338
71$733,236$37,652$0$275,586
72$743,633$0$0$254,103
73$753,063$0$0$240,623
74$761,361$0$0$242,424
75$768,349$0$0$243,692
76$773,822$0$0$244,351
77$777,558$0$0$244,315
78$779,306$0$0$243,489
79$778,789$0$0$241,767
80$775,699$0$0$239,034
81$769,695$0$0$235,158
82$760,397$0$0$229,998
83$747,384$0$0$223,393
84$730,191$0$0$215,167
85$708,301$0$0$205,125
86$681,143$0$0$193,051
87$648,084$0$0$178,706
88$608,422$0$0$161,826
89$561,384$0$0$142,118
90$506,111$0$0$119,260
91$441,655$0$0$92,893
92$366,968$0$0$62,623
93$280,892$0$0$28,013
94$182,145$0$0$0
95$69,314$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0