Can I retire at age 57 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$40,877$40,513$40,157$39,811$39,472$39,174
2 years$20,236$19,859$19,494$19,140$18,796$18,496
3 years$13,357$12,978$12,614$12,263$11,925$11,631
4 years$9,918$9,540$9,180$8,835$8,505$8,221
5 years$7,855$7,480$7,124$6,786$6,465$6,191
6 years$6,480$6,108$5,757$5,427$5,116$4,852
7 years$5,498$5,129$4,784$4,462$4,161$3,907
8 years$4,763$4,397$4,057$3,743$3,452$3,208
9 years$4,190$3,828$3,495$3,188$2,907$2,674
10 years$3,733$3,374$3,047$2,748$2,477$2,254
11 years$3,359$3,004$2,682$2,392$2,130$1,917
12 years$3,048$2,696$2,380$2,098$1,846$1,643
13 years$2,784$2,437$2,127$1,852$1,610$1,417
14 years$2,559$2,215$1,911$1,644$1,411$1,227
15 years$2,364$2,023$1,725$1,466$1,242$1,068
16 years$2,193$1,856$1,564$1,313$1,098$932
17 years$2,043$1,710$1,423$1,180$974$817
18 years$1,909$1,580$1,299$1,063$866$717
19 years$1,790$1,464$1,189$961$772$631
20 years$1,682$1,360$1,092$870$689$556
21 years$1,585$1,267$1,004$790$617$491
22 years$1,497$1,183$925$718$553$435
23 years$1,417$1,106$854$654$496$385
24 years$1,344$1,037$790$596$446$341
25 years$1,276$973$732$545$401$303
26 years$1,214$914$679$498$362$269
27 years$1,157$860$630$456$326$239
28 years$1,103$811$586$418$294$213
29 years$1,054$765$545$383$266$189
30 years$1,008$722$508$351$240$169
31 years$965$683$474$323$217$150
32 years$924$646$442$297$196$134
33 years$886$612$413$273$178$120
34 years$851$580$385$251$161$107
35 years$818$550$360$231$146$95
36 years$786$522$337$213$132$85
37 years$756$496$316$196$120$76
38 years$728$471$295$181$108$68
39 years$702$448$277$167$98$60
40 years$677$426$259$154$89$54
41 years$653$406$243$142$81$48
42 years$630$386$228$131$73$43
43 years$609$368$214$121$67$39
44 years$588$351$201$112$60$34
45 years$569$335$189$103$55$31
46 years$550$319$177$95$50$27
47 years$532$305$167$88$45$25
48 years$515$291$157$81$41$22
49 years$499$278$147$75$37$20
50 years$483$265$138$69$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $495,000, adding $3,586 every year, while hoping to spend $23,297 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: 79/6/15 Blend
56$495,000$495,000$495,000$495,000
57$549,189$522,954$515,281$590,582
58$580,418$523,791$507,756$619,178
59$614,052$523,888$499,197$647,207
60$650,312$523,184$489,546$677,305
61$689,439$521,616$478,741$709,668
62$731,700$519,113$466,717$744,514
63$777,387$515,604$453,406$782,082
64$826,823$511,011$438,738$822,638
65$880,361$505,252$422,637$866,472
66$938,390$498,242$405,027$913,905
67$1,001,337$489,887$385,827$965,292
68$1,069,672$480,090$364,951$1,021,021
69$1,143,913$468,748$342,311$1,081,524
70$1,224,628$455,753$317,814$1,147,275
71$1,312,443$440,988$291,364$1,218,796
72$1,408,046$424,331$262,859$1,296,662
73$1,512,196$405,652$232,194$1,381,510
74$1,625,726$384,815$199,259$1,474,040
75$1,749,553$361,674$163,937$1,575,023
76$1,884,688$336,076$126,109$1,685,310
77$2,032,242$307,860$85,650$1,805,840
78$2,193,439$276,853$42,427$1,937,648
79$2,369,626$242,876$0$2,081,873
80$2,562,287$205,735$0$2,240,364
81$2,773,054$165,230$0$2,421,202
82$3,003,726$121,147$0$2,619,140
83$3,256,283$73,260$0$2,835,888
84$3,532,905$21,331$0$3,073,328
85$3,835,994$0$0$3,333,537
86$4,168,194$0$0$3,621,101
87$4,532,418$0$0$3,937,946
88$4,931,873$0$0$4,285,456
89$5,370,093$0$0$4,666,705
90$5,850,969$0$0$5,085,082
91$6,378,787$0$0$5,544,317
92$6,958,271$0$0$6,048,523
93$7,594,620$0$0$6,602,226
94$8,293,566$0$0$7,210,414
95$9,061,418$0$0$7,878,583
96$9,905,132$0$0$8,612,785
97$10,832,368$0$0$9,419,690
98$11,851,564$0$0$10,306,643
99$12,972,019$0$0$11,281,739
100$14,203,975$0$0$12,353,894