Can I retire at age 57 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$38,069$37,730$37,399$37,076$36,761$36,529
2 years$18,846$18,495$18,155$17,825$17,505$17,271
3 years$12,439$12,087$11,747$11,421$11,106$10,878
4 years$9,236$8,885$8,549$8,228$7,921$7,699
5 years$7,315$6,966$6,634$6,320$6,021$5,807
6 years$6,035$5,688$5,362$5,054$4,764$4,559
7 years$5,121$4,777$4,456$4,155$3,875$3,677
8 years$4,435$4,095$3,779$3,486$3,215$3,025
9 years$3,903$3,565$3,255$2,969$2,707$2,525
10 years$3,477$3,143$2,837$2,559$2,307$2,132
11 years$3,128$2,798$2,498$2,227$1,984$1,817
12 years$2,838$2,511$2,217$1,954$1,719$1,560
13 years$2,593$2,269$1,981$1,725$1,499$1,348
14 years$2,383$2,063$1,780$1,531$1,314$1,170
15 years$2,201$1,884$1,607$1,365$1,157$1,020
16 years$2,042$1,729$1,457$1,223$1,023$892
17 years$1,902$1,592$1,326$1,099$907$783
18 years$1,778$1,471$1,210$990$806$689
19 years$1,667$1,364$1,108$895$719$608
20 years$1,567$1,267$1,017$810$642$537
21 years$1,476$1,180$935$735$574$475
22 years$1,395$1,102$862$669$515$422
23 years$1,320$1,030$796$609$462$374
24 years$1,251$965$736$555$415$333
25 years$1,189$906$682$507$374$296
26 years$1,131$851$632$464$337$263
27 years$1,077$801$587$424$304$235
28 years$1,027$755$546$389$274$209
29 years$981$712$508$357$247$187
30 years$938$673$473$327$223$167
31 years$898$636$441$301$202$149
32 years$861$602$411$276$183$133
33 years$826$570$384$254$165$119
34 years$793$540$359$234$150$106
35 years$761$512$336$215$136$95
36 years$732$486$314$198$123$85
37 years$705$462$294$183$111$76
38 years$678$439$275$168$101$68
39 years$654$417$258$155$92$61
40 years$630$397$242$143$83$55
41 years$608$378$227$132$75$49
42 years$587$360$213$122$68$44
43 years$567$343$199$112$62$39
44 years$548$327$187$104$56$35
45 years$530$312$176$96$51$32
46 years$512$297$165$89$46$28
47 years$496$284$155$82$42$25
48 years$480$271$146$76$38$23
49 years$465$259$137$70$35$20
50 years$450$247$129$65$32$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $461,000, adding $6,394 every year, while hoping to spend $40,117 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: 70/20/10 Blend
56$461,000$461,000$461,000$461,000
57$514,617$490,184$483,039$549,181
58$524,424$471,519$456,537$554,258
59$533,887$450,595$427,802$554,311
60$542,928$427,259$396,718$553,294
61$551,460$401,348$363,161$551,093
62$559,387$372,692$327,005$547,584
63$566,600$341,110$288,116$542,632
64$572,980$306,410$246,354$536,089
65$578,390$268,391$201,573$527,795
66$582,681$226,838$153,621$517,573
67$585,687$181,525$102,340$505,231
68$587,223$132,215$47,564$490,559
69$587,081$78,655$0$473,328
70$585,034$20,580$0$454,449
71$580,827$0$0$437,976
72$574,179$0$0$427,859
73$564,777$0$0$420,131
74$552,275$0$0$409,998
75$536,290$0$0$397,162
76$516,396$0$0$381,295
77$492,123$0$0$362,034
78$462,950$0$0$338,976
79$428,302$0$0$311,677
80$387,540$0$0$279,644
81$339,961$0$0$242,333
82$284,785$0$0$199,143
83$221,151$0$0$149,408
84$148,106$0$0$92,394
85$64,599$0$0$27,289
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