Can I retire at age 57 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$36,995$36,666$36,344$36,031$35,724$34,608
2 years$18,315$17,973$17,643$17,322$17,011$15,897
3 years$12,088$11,746$11,416$11,099$10,793$9,715
4 years$8,976$8,634$8,308$7,996$7,698$6,665
5 years$7,109$6,770$6,447$6,142$5,852$4,866
6 years$5,865$5,528$5,210$4,912$4,630$3,693
7 years$4,976$4,642$4,330$4,038$3,766$2,877
8 years$4,310$3,979$3,672$3,387$3,124$2,283
9 years$3,793$3,465$3,163$2,885$2,631$1,837
10 years$3,379$3,054$2,757$2,487$2,242$1,493
11 years$3,040$2,719$2,428$2,165$1,928$1,224
12 years$2,758$2,440$2,154$1,899$1,671$1,009
13 years$2,520$2,205$1,925$1,676$1,457$837
14 years$2,316$2,004$1,729$1,488$1,277$697
15 years$2,139$1,831$1,561$1,327$1,124$582
16 years$1,985$1,680$1,416$1,188$994$488
17 years$1,849$1,547$1,288$1,068$881$409
18 years$1,728$1,430$1,176$962$783$344
19 years$1,620$1,325$1,077$869$698$290
20 years$1,523$1,231$988$787$624$245
21 years$1,435$1,147$909$715$558$207
22 years$1,355$1,071$838$650$500$175
23 years$1,283$1,001$773$592$449$148
24 years$1,216$938$715$540$404$125
25 years$1,155$880$662$493$363$106
26 years$1,099$827$614$451$327$90
27 years$1,047$779$571$412$295$76
28 years$998$734$530$378$266$65
29 years$954$692$494$347$240$55
30 years$912$654$460$318$217$46
31 years$873$618$429$292$196$39
32 years$836$585$400$268$178$33
33 years$802$554$373$247$161$28
34 years$770$525$349$227$146$24
35 years$740$498$326$209$132$20
36 years$712$473$305$193$119$17
37 years$685$449$286$177$108$15
38 years$659$426$267$164$98$13
39 years$635$406$251$151$89$11
40 years$612$386$235$139$81$9
41 years$591$367$220$128$73$8
42 years$570$350$207$118$66$7
43 years$551$333$194$109$60$6
44 years$532$318$182$101$55$5
45 years$515$303$171$93$50$4
46 years$498$289$160$86$45$3
47 years$482$276$151$80$41$3
48 years$466$263$142$74$37$2
49 years$451$251$133$68$34$2
50 years$437$240$125$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $448,000, adding $2,508 every year, while hoping to spend $31,581 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: 65/24/11 Blend
56$448,000$448,000$448,000$448,000
57$496,283$472,539$465,595$527,174
58$513,302$462,091$447,590$537,645
59$530,998$450,074$427,924$545,147
60$549,408$436,375$406,508$552,539
61$568,569$420,879$383,247$559,811
62$588,523$403,462$358,046$566,949
63$609,314$383,993$330,802$573,941
64$630,990$362,335$301,410$580,774
65$653,602$338,340$269,758$587,435
66$677,205$311,854$235,730$593,913
67$701,859$282,714$199,206$600,195
68$727,628$250,747$160,059$606,270
69$754,582$215,770$118,158$612,126
70$782,798$177,590$73,364$617,754
71$812,355$136,004$25,534$623,144
72$843,343$90,796$0$628,289
73$875,858$41,739$0$636,176
74$910,004$0$0$647,201
75$945,894$0$0$661,393
76$983,652$0$0$687,930
77$1,023,412$0$0$715,885
78$1,065,319$0$0$745,362
79$1,109,532$0$0$776,473
80$1,156,225$0$0$809,344
81$1,205,586$0$0$844,107
82$1,257,822$0$0$880,911
83$1,313,158$0$0$919,916
84$1,371,840$0$0$961,298
85$1,434,137$0$0$1,005,249
86$1,500,343$0$0$1,051,978
87$1,570,780$0$0$1,101,716
88$1,645,799$0$0$1,154,715
89$1,725,787$0$0$1,211,248
90$1,811,164$0$0$1,271,619
91$1,902,395$0$0$1,336,157
92$1,999,986$0$0$1,405,226
93$2,104,492$0$0$1,479,222
94$2,216,525$0$0$1,558,582
95$2,336,752$0$0$1,643,783
96$2,465,907$0$0$1,735,351
97$2,604,797$0$0$1,833,862
98$2,754,306$0$0$1,939,949
99$2,915,405$0$0$2,054,306
100$3,089,161$0$0$2,177,696