Can I retire at age 57 with 427,000?

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 $427,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$35,261$34,947$34,641$34,342$34,050$33,253
2 years$17,456$17,131$16,816$16,510$16,214$15,417
3 years$11,522$11,195$10,881$10,578$10,287$9,513
4 years$8,555$8,230$7,919$7,621$7,337$6,592
5 years$6,776$6,452$6,145$5,854$5,577$4,864
6 years$5,590$5,269$4,966$4,681$4,413$3,732
7 years$4,743$4,425$4,127$3,849$3,589$2,941
8 years$4,108$3,793$3,500$3,229$2,977$2,361
9 years$3,615$3,302$3,015$2,750$2,507$1,923
10 years$3,220$2,911$2,628$2,371$2,136$1,583
11 years$2,898$2,591$2,314$2,063$1,837$1,314
12 years$2,629$2,326$2,053$1,810$1,592$1,098
13 years$2,402$2,102$1,835$1,598$1,388$923
14 years$2,207$1,911$1,648$1,418$1,217$779
15 years$2,039$1,745$1,488$1,265$1,072$660
16 years$1,892$1,601$1,349$1,132$947$561
17 years$1,762$1,475$1,228$1,018$840$478
18 years$1,647$1,363$1,121$917$747$408
19 years$1,544$1,263$1,026$829$666$349
20 years$1,451$1,174$942$750$594$299
21 years$1,368$1,093$866$681$532$256
22 years$1,292$1,020$798$619$477$220
23 years$1,222$954$737$564$428$189
24 years$1,159$894$682$514$385$163
25 years$1,101$839$631$470$346$140
26 years$1,047$789$586$430$312$120
27 years$998$742$544$393$281$104
28 years$952$699$505$360$254$89
29 years$909$660$470$330$229$77
30 years$869$623$438$303$207$67
31 years$832$589$408$278$187$57
32 years$797$557$381$256$169$50
33 years$765$528$356$235$153$43
34 years$734$500$332$216$139$37
35 years$705$474$311$199$126$32
36 years$678$450$291$184$114$28
37 years$653$428$272$169$103$24
38 years$628$407$255$156$94$21
39 years$605$387$239$144$85$18
40 years$584$368$224$133$77$15
41 years$563$350$210$122$70$13
42 years$544$333$197$113$63$11
43 years$525$318$185$104$57$10
44 years$507$303$173$96$52$9
45 years$490$289$163$89$47$7
46 years$474$275$153$82$43$6
47 years$459$263$144$76$39$6
48 years$444$251$135$70$35$5
49 years$430$240$127$65$32$4
50 years$417$229$119$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $427,000, adding $5,524 every year, while hoping to spend $25,418 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: 84/10/6 Blend
56$427,000$427,000$427,000$427,000
57$476,252$453,621$447,003$515,633
58$497,785$448,804$434,933$537,344
59$520,663$442,899$421,606$557,154
60$544,995$435,826$406,955$578,109
61$570,903$427,499$390,906$600,307
62$598,519$417,830$373,385$623,856
63$627,987$406,723$354,312$648,875
64$659,465$394,077$333,606$675,496
65$693,129$379,784$311,180$703,862
66$729,168$363,734$286,944$734,134
67$767,790$345,804$260,805$766,486
68$809,227$325,870$232,663$801,111
69$853,728$303,798$202,417$838,221
70$901,570$279,446$169,960$878,051
71$953,055$252,664$135,179$920,859
72$1,008,518$223,295$97,958$966,928
73$1,068,322$191,172$58,176$1,016,573
74$1,132,870$156,119$15,704$1,070,139
75$1,202,603$117,949$0$1,128,006
76$1,278,005$76,465$0$1,192,490
77$1,359,609$31,459$0$1,263,353
78$1,448,001$0$0$1,340,110
79$1,543,825$0$0$1,425,233
80$1,647,789$0$0$1,521,349
81$1,760,672$0$0$1,625,717
82$1,883,330$0$0$1,739,130
83$2,016,707$0$0$1,862,461
84$2,161,838$0$0$1,996,668
85$2,319,864$0$0$2,142,808
86$2,492,041$0$0$2,302,042
87$2,679,749$0$0$2,475,650
88$2,884,510$0$0$2,665,037
89$3,107,997$0$0$2,871,753
90$3,352,050$0$0$3,097,504
91$3,618,700$0$0$3,344,164
92$3,910,176$0$0$3,613,802
93$4,228,938$0$0$3,908,692
94$4,577,691$0$0$4,231,338
95$4,959,415$0$0$4,584,499
96$5,377,391$0$0$4,971,212
97$5,835,233$0$0$5,394,821
98$6,336,919$0$0$5,859,009
99$6,886,831$0$0$6,367,833
100$7,489,796$0$0$6,925,760