Can I retire at age 57 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$41,124$40,758$40,401$40,052$39,711$38,626
2 years$20,359$19,979$19,612$19,256$18,910$17,825
3 years$13,438$13,057$12,690$12,337$11,997$10,946
4 years$9,978$9,598$9,235$8,888$8,557$7,547
5 years$7,902$7,525$7,167$6,827$6,505$5,539
6 years$6,519$6,145$5,792$5,460$5,147$4,227
7 years$5,532$5,160$4,813$4,489$4,186$3,312
8 years$4,791$4,423$4,082$3,765$3,473$2,644
9 years$4,216$3,851$3,516$3,207$2,924$2,140
10 years$3,756$3,395$3,065$2,765$2,492$1,750
11 years$3,380$3,022$2,698$2,406$2,143$1,444
12 years$3,066$2,713$2,395$2,111$1,857$1,199
13 years$2,801$2,451$2,140$1,863$1,619$1,001
14 years$2,574$2,228$1,922$1,654$1,420$839
15 years$2,378$2,036$1,736$1,475$1,250$706
16 years$2,206$1,868$1,574$1,321$1,105$595
17 years$2,055$1,720$1,432$1,187$979$504
18 years$1,921$1,589$1,307$1,069$871$427
19 years$1,800$1,473$1,197$966$776$362
20 years$1,693$1,369$1,098$875$693$308
21 years$1,595$1,275$1,010$794$620$262
22 years$1,506$1,190$931$722$556$223
23 years$1,426$1,113$860$658$499$190
24 years$1,352$1,043$795$600$449$162
25 years$1,284$979$736$548$404$139
26 years$1,221$920$683$501$364$118
27 years$1,164$866$634$459$328$101
28 years$1,110$816$590$420$296$87
29 years$1,060$770$549$385$267$74
30 years$1,014$727$511$354$241$63
31 years$970$687$476$325$218$54
32 years$930$650$445$298$197$46
33 years$892$616$415$274$179$40
34 years$856$583$388$252$162$34
35 years$823$553$363$232$147$29
36 years$791$525$339$214$133$25
37 years$761$499$317$197$120$21
38 years$733$474$297$182$109$18
39 years$706$451$279$168$99$16
40 years$681$429$261$155$90$13
41 years$657$408$245$143$81$11
42 years$634$389$230$132$74$10
43 years$612$370$215$122$67$8
44 years$592$353$202$112$61$7
45 years$572$337$190$104$55$6
46 years$553$321$178$96$50$5
47 years$535$307$168$88$46$5
48 years$518$293$157$82$41$4
49 years$502$279$148$76$38$3
50 years$486$267$139$70$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $498,000, adding $4,779 every year, while hoping to spend $39,553 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: 44/30/26 Blend
56$498,000$498,000$498,000$498,000
57$553,726$527,332$519,613$573,730
58$568,121$511,087$494,935$572,178
59$582,660$492,720$468,106$566,329
60$597,314$472,086$439,010$559,216
61$612,053$449,031$407,530$550,744
62$626,840$423,391$373,539$540,810
63$641,634$394,994$336,910$529,307
64$656,389$363,657$297,505$516,117
65$671,053$329,188$255,183$501,117
66$685,565$291,384$209,797$484,173
67$699,859$250,027$161,191$465,144
68$713,858$204,892$109,204$443,878
69$727,477$155,737$53,668$420,213
70$740,621$102,310$0$393,976
71$753,182$44,341$0$366,534
72$765,040$0$0$352,125
73$776,062$0$0$341,777
74$786,097$0$0$345,556
75$794,978$0$0$348,740
76$802,519$0$0$351,240
77$808,512$0$0$352,953
78$812,727$0$0$353,765
79$814,907$0$0$353,553
80$814,767$0$0$352,175
81$811,989$0$0$349,477
82$806,223$0$0$345,288
83$797,078$0$0$339,416
84$784,123$0$0$331,651
85$766,876$0$0$321,759
86$744,808$0$0$309,481
87$717,329$0$0$294,530
88$683,789$0$0$276,589
89$643,467$0$0$255,306
90$595,565$0$0$230,293
91$539,200$0$0$201,120
92$473,397$0$0$167,314
93$397,077$0$0$128,347
94$309,047$0$0$83,641
95$207,989$0$0$32,555
96$92,447$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0