Can I retire at age 57 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$34,188$33,883$33,586$33,296$33,013$32,453
2 years$16,925$16,609$16,304$16,008$15,720$15,158
3 years$11,171$10,854$10,550$10,256$9,974$9,426
4 years$8,295$7,979$7,677$7,389$7,113$6,585
5 years$6,569$6,256$5,958$5,676$5,407$4,900
6 years$5,420$5,108$4,815$4,539$4,279$3,792
7 years$4,599$4,290$4,001$3,732$3,480$3,015
8 years$3,983$3,677$3,393$3,130$2,887$2,443
9 years$3,505$3,202$2,923$2,666$2,431$2,009
10 years$3,122$2,822$2,548$2,298$2,071$1,670
11 years$2,809$2,512$2,243$2,000$1,781$1,401
12 years$2,549$2,255$1,991$1,755$1,544$1,183
13 years$2,329$2,038$1,779$1,549$1,346$1,004
14 years$2,140$1,852$1,598$1,375$1,180$857
15 years$1,977$1,692$1,443$1,226$1,039$734
16 years$1,834$1,553$1,308$1,098$918$631
17 years$1,708$1,430$1,190$987$814$544
18 years$1,597$1,321$1,087$889$724$470
19 years$1,497$1,224$995$803$645$406
20 years$1,407$1,138$913$728$576$352
21 years$1,326$1,060$840$660$516$306
22 years$1,252$989$774$600$462$266
23 years$1,185$925$715$547$415$231
24 years$1,124$867$661$499$373$202
25 years$1,067$814$612$455$336$176
26 years$1,015$765$568$416$302$153
27 years$967$720$527$381$273$134
28 years$923$678$490$349$246$117
29 years$881$640$456$320$222$102
30 years$843$604$425$294$201$89
31 years$807$571$396$270$181$78
32 years$773$540$370$248$164$68
33 years$741$512$345$228$149$60
34 years$712$485$322$210$134$52
35 years$684$460$301$193$122$46
36 years$658$437$282$178$110$40
37 years$633$415$264$164$100$35
38 years$609$394$247$151$91$31
39 years$587$375$232$139$82$27
40 years$566$357$217$129$75$24
41 years$546$339$203$119$68$21
42 years$527$323$191$109$61$18
43 years$509$308$179$101$56$16
44 years$492$294$168$93$51$14
45 years$476$280$158$86$46$12
46 years$460$267$148$80$42$11
47 years$445$255$139$74$38$9
48 years$431$243$131$68$34$8
49 years$417$232$123$63$31$7
50 years$404$222$116$58$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $414,000, adding $5,489 every year, while hoping to spend $32,977 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: 68/8/24 Blend
56$414,000$414,000$414,000$414,000
57$461,890$439,948$433,531$490,115
58$473,915$426,418$412,967$496,204
59$486,062$411,120$390,609$498,567
60$498,308$393,932$366,362$500,379
61$510,627$374,726$340,126$501,587
62$522,989$353,366$311,799$502,130
63$535,361$329,709$281,271$501,946
64$547,705$303,601$248,430$500,964
65$559,976$274,883$213,158$499,108
66$572,125$243,384$175,331$496,299
67$584,098$208,925$134,820$492,445
68$595,830$171,317$91,491$487,452
69$607,252$130,359$45,203$481,216
70$618,284$85,839$0$473,622
71$628,838$37,534$0$465,622
72$638,815$0$0$468,431
73$648,103$0$0$471,659
74$656,578$0$0$477,569
75$664,103$0$0$482,752
76$670,522$0$0$487,093
77$675,665$0$0$490,463
78$679,339$0$0$492,717
79$681,334$0$0$493,697
80$681,412$0$0$493,224
81$679,311$0$0$491,101
82$674,740$0$0$487,111
83$667,377$0$0$481,010
84$656,863$0$0$472,530
85$642,800$0$0$461,371
86$624,750$0$0$447,205
87$602,225$0$0$429,666
88$574,685$0$0$408,348
89$541,534$0$0$382,803
90$502,111$0$0$352,537
91$455,685$0$0$316,999
92$401,448$0$0$275,585
93$338,506$0$0$227,624
94$265,871$0$0$172,374
95$182,452$0$0$109,017
96$87,042$0$0$36,648
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0