Can I retire at age 57 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$41,207$40,840$40,482$40,132$39,791$38,212
2 years$20,399$20,020$19,651$19,294$18,948$17,377
3 years$13,465$13,083$12,716$12,362$12,021$10,508
4 years$9,998$9,617$9,254$8,906$8,574$7,129
5 years$7,918$7,540$7,181$6,841$6,518$5,145
6 years$6,532$6,157$5,804$5,471$5,157$3,858
7 years$5,543$5,171$4,823$4,498$4,194$2,968
8 years$4,801$4,432$4,090$3,773$3,479$2,325
9 years$4,224$3,859$3,523$3,214$2,930$1,845
10 years$3,763$3,402$3,071$2,770$2,497$1,479
11 years$3,386$3,028$2,704$2,411$2,147$1,195
12 years$3,072$2,718$2,400$2,115$1,861$971
13 years$2,807$2,456$2,144$1,867$1,623$793
14 years$2,580$2,233$1,926$1,657$1,422$650
15 years$2,383$2,040$1,739$1,478$1,252$535
16 years$2,211$1,871$1,577$1,323$1,107$441
17 years$2,059$1,723$1,435$1,189$981$364
18 years$1,924$1,592$1,310$1,072$873$301
19 years$1,804$1,476$1,199$968$778$250
20 years$1,696$1,371$1,100$877$695$207
21 years$1,598$1,277$1,012$796$622$172
22 years$1,509$1,192$933$724$557$143
23 years$1,429$1,115$861$659$500$119
24 years$1,355$1,045$797$601$450$99
25 years$1,286$981$738$549$405$82
26 years$1,224$922$684$502$364$68
27 years$1,166$867$635$459$329$57
28 years$1,112$817$591$421$296$48
29 years$1,062$771$550$386$268$40
30 years$1,016$728$512$354$242$33
31 years$972$688$477$325$219$27
32 years$932$651$445$299$198$23
33 years$894$617$416$275$179$19
34 years$858$585$389$253$162$16
35 years$824$554$363$233$147$13
36 years$793$526$340$214$133$11
37 years$763$500$318$198$121$9
38 years$734$475$298$182$109$8
39 years$708$452$279$168$99$6
40 years$682$430$262$155$90$5
41 years$658$409$245$143$82$4
42 years$635$390$230$132$74$4
43 years$614$371$216$122$67$3
44 years$593$354$203$112$61$3
45 years$573$337$190$104$55$2
46 years$554$322$179$96$50$2
47 years$536$307$168$89$46$2
48 years$519$293$158$82$41$1
49 years$503$280$148$76$38$1
50 years$487$268$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $499,000, adding $3,399 every year, while hoping to spend $31,982 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: 74/16/10 Blend
56$499,000$499,000$499,000$499,000
57$553,404$526,957$519,223$593,092
58$575,823$518,749$502,588$611,530
59$599,456$509,068$484,324$627,383
60$624,394$497,806$464,343$643,861
61$650,736$484,852$442,552$661,014
62$678,588$470,086$418,854$678,902
63$708,067$453,384$393,149$697,587
64$739,302$434,611$365,331$717,141
65$772,431$413,628$335,291$737,642
66$807,608$390,285$302,912$759,179
67$844,999$364,424$268,074$781,849
68$884,787$335,878$230,653$805,760
69$927,172$304,473$190,516$831,031
70$972,372$270,021$147,527$857,796
71$1,020,628$232,325$101,542$886,203
72$1,072,201$191,178$52,413$916,416
73$1,127,380$146,361$0$948,616
74$1,186,481$97,640$0$983,007
75$1,249,849$44,771$0$1,025,779
76$1,317,864$0$0$1,071,601
77$1,390,944$0$0$1,122,968
78$1,469,546$0$0$1,186,710
79$1,554,172$0$0$1,255,353
80$1,645,374$0$0$1,329,347
81$1,743,758$0$0$1,409,186
82$1,849,990$0$0$1,495,412
83$1,964,800$0$0$1,588,622
84$2,088,994$0$0$1,689,470
85$2,223,455$0$0$1,798,677
86$2,369,155$0$0$1,917,035
87$2,527,161$0$0$2,045,415
88$2,698,650$0$0$2,184,774
89$2,884,912$0$0$2,336,166
90$3,087,369$0$0$2,500,748
91$3,307,586$0$0$2,679,797
92$3,547,281$0$0$2,874,713
93$3,808,349$0$0$3,087,041
94$4,092,871$0$0$3,318,478
95$4,403,141$0$0$3,570,893
96$4,741,682$0$0$3,846,343
97$5,111,271$0$0$4,147,092
98$5,514,965$0$0$4,475,634
99$5,956,129$0$0$4,834,711
100$6,438,470$0$0$5,227,344