Can I retire at age 57 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$40,546$40,185$39,833$39,489$39,153$38,176
2 years$20,072$19,699$19,336$18,985$18,644$17,666
3 years$13,249$12,873$12,512$12,164$11,829$10,880
4 years$9,838$9,463$9,105$8,763$8,436$7,524
5 years$7,791$7,419$7,066$6,731$6,413$5,540
6 years$6,428$6,058$5,711$5,383$5,075$4,242
7 years$5,454$5,088$4,745$4,426$4,127$3,334
8 years$4,724$4,361$4,025$3,713$3,424$2,671
9 years$4,157$3,797$3,466$3,162$2,883$2,170
10 years$3,703$3,347$3,022$2,726$2,457$1,782
11 years$3,332$2,980$2,661$2,372$2,113$1,475
12 years$3,023$2,674$2,361$2,081$1,831$1,230
13 years$2,762$2,417$2,110$1,837$1,597$1,031
14 years$2,538$2,197$1,895$1,631$1,400$868
15 years$2,345$2,007$1,711$1,454$1,232$733
16 years$2,175$1,841$1,552$1,302$1,089$621
17 years$2,026$1,696$1,412$1,170$966$528
18 years$1,894$1,567$1,289$1,054$859$449
19 years$1,775$1,452$1,180$953$765$383
20 years$1,669$1,349$1,083$863$684$327
21 years$1,573$1,257$996$783$612$280
22 years$1,485$1,173$918$712$548$239
23 years$1,406$1,097$848$648$492$205
24 years$1,333$1,028$784$591$442$176
25 years$1,266$965$726$540$398$151
26 years$1,204$907$673$494$359$129
27 years$1,147$853$625$452$323$111
28 years$1,094$804$581$414$292$96
29 years$1,045$759$541$380$263$82
30 years$999$717$504$349$238$71
31 years$957$677$470$320$215$61
32 years$917$641$438$294$195$52
33 years$879$607$409$271$176$45
34 years$844$575$382$249$159$39
35 years$811$546$357$229$144$33
36 years$780$518$334$211$131$29
37 years$750$492$313$194$119$25
38 years$723$467$293$179$108$21
39 years$696$444$275$165$98$18
40 years$671$423$257$152$88$16
41 years$648$403$241$141$80$14
42 years$625$383$226$130$73$12
43 years$604$365$212$120$66$10
44 years$583$348$199$111$60$9
45 years$564$332$187$102$54$7
46 years$545$317$176$94$49$6
47 years$528$302$165$87$45$6
48 years$511$289$155$81$41$5
49 years$495$276$146$74$37$4
50 years$479$263$137$69$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $491,000, adding $4,319 every year, while hoping to spend $26,666 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: 27/47/26 Blend
56$491,000$491,000$491,000$491,000
57$545,537$519,514$511,904$555,745
58$572,809$516,598$500,680$561,352
59$601,970$512,645$488,187$564,775
60$633,183$507,577$474,353$567,901
61$666,628$501,309$459,105$570,721
62$702,505$493,753$442,365$573,230
63$741,029$484,815$424,052$575,425
64$782,438$474,396$404,083$577,305
65$826,995$462,390$382,368$578,872
66$874,986$448,685$358,815$580,131
67$926,727$433,163$333,328$581,093
68$982,564$415,698$305,805$581,770
69$1,042,878$396,160$276,142$582,184
70$1,108,087$374,407$244,228$582,361
71$1,178,650$350,291$209,948$582,332
72$1,255,073$323,656$173,182$582,139
73$1,337,912$294,337$133,804$581,832
74$1,427,777$262,157$91,685$581,471
75$1,525,340$226,933$46,687$581,129
76$1,631,341$188,469$0$580,891
77$1,746,592$146,557$0$581,227
78$1,871,987$100,982$0$595,729
79$2,008,511$51,511$0$611,612
80$2,157,246$0$0$629,076
81$2,319,384$0$0$649,436
82$2,496,235$0$0$700,775
83$2,689,245$0$0$756,882
84$2,900,001$0$0$818,227
85$3,130,252$0$0$885,330
86$3,381,924$0$0$958,762
87$3,657,136$0$0$1,039,152
88$3,958,224$0$0$1,127,195
89$4,287,756$0$0$1,223,652
90$4,648,563$0$0$1,329,364
91$5,043,761$0$0$1,445,258
92$5,476,783$0$0$1,572,352
93$5,951,407$0$0$1,711,769
94$6,471,796$0$0$1,864,747
95$7,042,536$0$0$2,032,648
96$7,668,675$0$0$2,216,971
97$8,355,777$0$0$2,419,371
98$9,109,967$0$0$2,641,669
99$9,937,994$0$0$2,885,869
100$10,847,292$0$0$3,154,183