Can I retire at age 57 with 449,000?

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 $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$37,078$36,748$36,426$36,111$35,804$35,240
2 years$18,355$18,014$17,682$17,361$17,049$16,483
3 years$12,115$11,772$11,442$11,123$10,817$10,265
4 years$8,996$8,654$8,327$8,014$7,715$7,182
5 years$7,125$6,785$6,462$6,155$5,865$5,352
6 years$5,878$5,540$5,222$4,922$4,640$4,150
7 years$4,987$4,653$4,340$4,047$3,774$3,304
8 years$4,320$3,988$3,680$3,395$3,131$2,683
9 years$3,801$3,472$3,170$2,892$2,637$2,210
10 years$3,386$3,061$2,764$2,493$2,247$1,840
11 years$3,047$2,725$2,433$2,169$1,932$1,546
12 years$2,765$2,446$2,159$1,903$1,674$1,308
13 years$2,526$2,210$1,929$1,680$1,460$1,113
14 years$2,321$2,009$1,733$1,491$1,280$952
15 years$2,144$1,835$1,565$1,330$1,127$817
16 years$1,989$1,684$1,419$1,191$996$704
17 years$1,853$1,551$1,291$1,070$883$608
18 years$1,732$1,433$1,179$964$785$526
19 years$1,623$1,328$1,079$871$700$456
20 years$1,526$1,234$990$789$625$396
21 years$1,438$1,149$911$716$559$345
22 years$1,358$1,073$839$651$501$300
23 years$1,285$1,004$775$593$450$262
24 years$1,219$940$717$541$405$229
25 years$1,158$882$664$494$364$200
26 years$1,101$829$616$452$328$175
27 years$1,049$780$572$413$296$153
28 years$1,001$735$532$379$267$134
29 years$956$694$495$347$241$117
30 years$914$655$461$319$218$103
31 years$875$619$430$293$197$90
32 years$838$586$401$269$178$79
33 years$804$555$374$247$161$69
34 years$772$526$350$228$146$61
35 years$742$499$327$210$132$53
36 years$713$474$306$193$120$47
37 years$686$450$286$178$108$41
38 years$661$427$268$164$98$36
39 years$637$406$251$151$89$32
40 years$614$387$235$139$81$28
41 years$592$368$221$129$73$24
42 years$572$351$207$119$67$21
43 years$552$334$194$110$60$19
44 years$533$318$182$101$55$17
45 years$516$304$171$93$50$15
46 years$499$290$161$86$45$13
47 years$483$276$151$80$41$11
48 years$467$264$142$74$37$10
49 years$452$252$133$68$34$9
50 years$438$241$125$63$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $449,000, adding $5,854 every year, while hoping to spend $31,360 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: 79/13/8 Blend
56$449,000$449,000$449,000$449,000
57$500,836$477,039$470,080$539,397
58$518,555$467,048$452,461$555,535
59$537,030$455,515$433,200$568,548
60$556,305$442,333$412,211$581,892
61$576,427$427,387$389,399$595,587
62$597,449$410,555$364,670$609,651
63$619,425$391,709$337,923$624,108
64$642,416$370,711$309,052$638,983
65$666,485$347,419$277,948$654,302
66$691,703$321,680$244,497$670,098
67$718,147$293,332$208,577$686,405
68$745,898$262,206$170,065$703,260
69$775,047$228,121$128,830$720,708
70$805,691$190,888$84,734$738,795
71$837,935$150,305$37,637$757,574
72$871,896$106,161$0$777,106
73$907,697$58,231$0$798,533
74$945,477$6,279$0$824,351
75$985,384$0$0$851,438
76$1,027,581$0$0$887,045
77$1,072,245$0$0$925,691
78$1,119,570$0$0$966,646
79$1,169,768$0$0$1,010,094
80$1,223,070$0$0$1,056,237
81$1,279,730$0$0$1,105,294
82$1,340,023$0$0$1,157,507
83$1,404,255$0$0$1,213,139
84$1,472,755$0$0$1,272,479
85$1,545,889$0$0$1,335,843
86$1,624,054$0$0$1,403,578
87$1,707,687$0$0$1,476,063
88$1,797,267$0$0$1,553,715
89$1,893,319$0$0$1,636,991
90$1,996,419$0$0$1,726,392
91$2,107,200$0$0$1,822,469
92$2,226,356$0$0$1,925,825
93$2,354,649$0$0$2,037,124
94$2,492,915$0$0$2,157,093
95$2,642,075$0$0$2,286,533
96$2,803,137$0$0$2,426,322
97$2,977,213$0$0$2,577,427
98$3,165,521$0$0$2,740,908
99$3,369,402$0$0$2,917,933
100$3,590,331$0$0$3,109,784