Can I retire at age 57 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$37,408$37,075$36,750$36,433$36,123$35,121
2 years$18,519$18,174$17,840$17,516$17,201$16,200
3 years$12,223$11,877$11,544$11,222$10,913$9,943
4 years$9,076$8,731$8,401$8,085$7,783$6,852
5 years$7,188$6,845$6,519$6,210$5,917$5,027
6 years$5,930$5,590$5,269$4,966$4,682$3,834
7 years$5,032$4,694$4,378$4,083$3,808$3,002
8 years$4,358$4,024$3,713$3,425$3,159$2,395
9 years$3,835$3,503$3,198$2,918$2,660$1,937
10 years$3,416$3,088$2,788$2,515$2,267$1,584
11 years$3,074$2,749$2,455$2,189$1,949$1,306
12 years$2,789$2,467$2,178$1,920$1,689$1,083
13 years$2,548$2,230$1,946$1,695$1,473$904
14 years$2,342$2,027$1,749$1,505$1,291$757
15 years$2,163$1,852$1,579$1,342$1,137$636
16 years$2,007$1,699$1,431$1,201$1,005$537
17 years$1,869$1,565$1,303$1,079$891$453
18 years$1,747$1,446$1,189$973$792$384
19 years$1,638$1,340$1,089$879$706$326
20 years$1,540$1,245$999$796$631$277
21 years$1,451$1,160$919$723$564$235
22 years$1,370$1,083$847$657$506$200
23 years$1,297$1,012$782$598$454$171
24 years$1,230$949$723$546$408$145
25 years$1,168$890$670$498$367$124
26 years$1,111$837$621$456$331$106
27 years$1,058$787$577$417$298$90
28 years$1,010$742$536$382$269$77
29 years$964$700$499$350$243$66
30 years$922$661$465$322$220$56
31 years$883$625$433$295$199$48
32 years$846$591$404$271$180$41
33 years$811$560$378$250$163$35
34 years$779$531$353$230$147$30
35 years$748$503$330$211$133$26
36 years$719$478$309$195$121$22
37 years$692$454$289$179$109$19
38 years$667$431$270$165$99$16
39 years$642$410$253$152$90$14
40 years$619$390$237$141$82$12
41 years$597$371$223$130$74$10
42 years$577$354$209$120$67$9
43 years$557$337$196$111$61$7
44 years$538$321$184$102$55$6
45 years$520$306$173$94$50$5
46 years$503$292$162$87$46$5
47 years$487$279$152$80$41$4
48 years$471$266$143$74$38$3
49 years$457$254$135$69$34$3
50 years$442$243$127$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $453,000, adding $4,187 every year, while hoping to spend $30,067 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: 78/7/15 Blend
56$453,000$453,000$453,000$453,000
57$503,525$479,516$472,494$540,889
58$522,893$471,021$456,332$557,604
59$543,230$461,102$438,620$571,699
60$564,601$449,658$419,276$586,321
61$587,080$436,581$398,211$601,511
62$610,745$421,757$375,335$617,316
63$635,684$405,066$350,551$633,785
64$661,990$386,380$323,761$650,975
65$689,765$365,565$294,859$668,947
66$719,121$342,478$263,737$687,771
67$750,181$316,968$230,281$707,522
68$783,075$288,876$194,371$728,284
69$817,951$258,033$155,885$750,152
70$854,967$224,261$114,692$773,229
71$894,297$187,373$70,657$797,628
72$936,130$147,169$23,639$823,478
73$980,674$103,439$0$850,918
74$1,028,157$55,962$0$884,351
75$1,078,829$4,504$0$924,017
76$1,132,961$0$0$966,343
77$1,190,854$0$0$1,015,511
78$1,252,835$0$0$1,068,533
79$1,319,265$0$0$1,125,370
80$1,390,537$0$0$1,186,361
81$1,467,086$0$0$1,251,880
82$1,549,386$0$0$1,322,333
83$1,637,959$0$0$1,398,169
84$1,733,379$0$0$1,479,881
85$1,836,275$0$0$1,568,009
86$1,947,338$0$0$1,663,147
87$2,067,327$0$0$1,765,948
88$2,197,079$0$0$1,877,129
89$2,337,510$0$0$1,997,479
90$2,489,629$0$0$2,127,865
91$2,654,546$0$0$2,269,239
92$2,833,481$0$0$2,422,650
93$3,027,773$0$0$2,589,250
94$3,238,900$0$0$2,770,307
95$3,468,485$0$0$2,967,217
96$3,718,312$0$0$3,181,512
97$3,990,346$0$0$3,414,882
98$4,286,751$0$0$3,669,185
99$4,609,904$0$0$3,946,466
100$4,962,425$0$0$4,248,974