Can I retire at age 57 with 446,000?

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 $446,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$36,830$36,502$36,182$35,870$35,565$34,804
2 years$18,233$17,893$17,564$17,245$16,936$16,173
3 years$12,034$11,693$11,365$11,049$10,745$10,004
4 years$8,936$8,596$8,271$7,960$7,663$6,950
5 years$7,077$6,739$6,419$6,114$5,825$5,142
6 years$5,839$5,503$5,187$4,890$4,609$3,956
7 years$4,954$4,622$4,311$4,020$3,749$3,126
8 years$4,291$3,962$3,656$3,372$3,110$2,517
9 years$3,776$3,449$3,149$2,872$2,619$2,056
10 years$3,364$3,040$2,745$2,476$2,232$1,697
11 years$3,027$2,707$2,417$2,155$1,919$1,414
12 years$2,746$2,429$2,145$1,890$1,663$1,185
13 years$2,509$2,195$1,916$1,669$1,450$999
14 years$2,306$1,996$1,722$1,481$1,271$846
15 years$2,130$1,823$1,554$1,321$1,119$720
16 years$1,976$1,673$1,409$1,183$989$614
17 years$1,840$1,540$1,282$1,063$877$525
18 years$1,720$1,423$1,171$958$780$450
19 years$1,612$1,319$1,072$865$695$386
20 years$1,516$1,226$984$784$621$332
21 years$1,428$1,142$905$711$556$286
22 years$1,349$1,066$834$647$498$246
23 years$1,277$997$770$589$447$212
24 years$1,211$934$712$537$402$183
25 years$1,150$876$659$491$362$158
26 years$1,094$824$612$449$326$137
27 years$1,042$775$568$411$294$119
28 years$994$731$528$376$265$103
29 years$949$689$491$345$239$89
30 years$908$651$458$317$216$77
31 years$869$615$427$291$195$67
32 years$833$582$398$267$177$58
33 years$799$551$372$246$160$50
34 years$767$523$347$226$145$43
35 years$737$496$325$208$131$38
36 years$708$470$304$192$119$33
37 years$682$447$284$177$108$28
38 years$656$425$266$163$98$25
39 years$632$404$249$150$89$21
40 years$610$384$234$138$80$18
41 years$588$366$219$128$73$16
42 years$568$348$206$118$66$14
43 years$548$332$193$109$60$12
44 years$530$316$181$100$54$10
45 years$512$302$170$93$49$9
46 years$495$288$160$86$45$8
47 years$479$275$150$79$41$7
48 years$464$262$141$73$37$6
49 years$449$250$133$68$34$5
50 years$435$239$125$63$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $446,000, adding $5,292 every year, while hoping to spend $39,703 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: 37/38/25 Blend
56$446,000$446,000$446,000$446,000
57$496,951$473,313$466,400$511,451
58$505,396$454,261$439,780$503,511
59$513,372$432,946$410,939$490,900
60$520,789$409,213$379,758$476,497
61$527,547$382,902$346,117$460,164
62$533,533$353,841$309,889$441,754
63$538,624$321,849$270,941$421,112
64$542,680$286,736$229,134$398,068
65$545,547$248,300$184,323$372,441
66$547,053$206,327$136,358$344,038
67$547,008$160,592$85,081$312,650
68$545,198$110,857$30,327$278,054
69$541,390$56,870$0$240,008
70$535,321$0$0$205,752
71$526,703$0$0$177,314
72$515,214$0$0$171,451
73$500,499$0$0$164,234
74$482,164$0$0$155,503
75$459,774$0$0$145,079
76$432,845$0$0$132,764
77$400,844$0$0$118,339
78$363,180$0$0$101,561
79$319,200$0$0$82,163
80$268,182$0$0$59,849
81$209,327$0$0$34,293
82$141,753$0$0$5,132
83$64,486$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0