Can I retire at age 57 with 464,000?

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 $464,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$38,317$37,975$37,642$37,317$37,000$36,705
2 years$18,969$18,615$18,273$17,941$17,619$17,322
3 years$12,520$12,165$11,824$11,495$11,178$10,888
4 years$9,297$8,943$8,605$8,282$7,972$7,691
5 years$7,363$7,011$6,678$6,361$6,061$5,789
6 years$6,074$5,725$5,397$5,087$4,795$4,534
7 years$5,154$4,808$4,485$4,182$3,900$3,649
8 years$4,464$4,121$3,803$3,508$3,235$2,995
9 years$3,928$3,588$3,276$2,988$2,725$2,495
10 years$3,499$3,163$2,856$2,576$2,322$2,102
11 years$3,149$2,816$2,514$2,242$1,997$1,787
12 years$2,857$2,527$2,231$1,966$1,730$1,530
13 years$2,610$2,284$1,994$1,736$1,509$1,318
14 years$2,399$2,076$1,791$1,541$1,323$1,142
15 years$2,216$1,897$1,617$1,374$1,165$993
16 years$2,056$1,740$1,466$1,231$1,029$866
17 years$1,915$1,603$1,334$1,106$913$758
18 years$1,789$1,481$1,218$996$811$665
19 years$1,678$1,372$1,115$900$723$585
20 years$1,577$1,275$1,023$815$646$515
21 years$1,486$1,188$941$740$578$455
22 years$1,404$1,109$867$673$518$402
23 years$1,328$1,037$801$613$465$356
24 years$1,260$972$741$559$418$315
25 years$1,196$912$686$510$376$280
26 years$1,138$857$636$467$339$248
27 years$1,084$807$591$427$306$220
28 years$1,034$760$549$391$276$196
29 years$988$717$511$359$249$174
30 years$945$677$476$329$225$155
31 years$904$640$444$303$203$138
32 years$866$606$414$278$184$123
33 years$831$574$387$256$166$110
34 years$798$544$361$235$151$98
35 years$766$516$338$217$137$87
36 years$737$489$316$199$124$78
37 years$709$465$296$184$112$69
38 years$683$442$277$169$102$62
39 years$658$420$259$156$92$55
40 years$634$400$243$144$84$49
41 years$612$380$228$133$76$44
42 years$591$362$214$123$69$39
43 years$571$345$201$113$62$35
44 years$551$329$188$105$57$31
45 years$533$314$177$97$51$28
46 years$515$299$166$89$47$25
47 years$499$286$156$82$42$22
48 years$483$273$147$76$39$20
49 years$468$260$138$70$35$18
50 years$453$249$130$65$32$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $464,000, adding $5,077 every year, while hoping to spend $34,096 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: 38/40/22 Blend
56$464,000$464,000$464,000$464,000
57$516,565$491,973$484,781$532,629
58$532,977$479,802$464,743$532,567
59$549,920$465,891$442,891$528,932
60$567,412$450,121$419,129$524,315
61$585,473$432,361$393,355$518,645
62$604,122$412,478$365,462$511,852
63$623,379$390,326$335,342$503,858
64$643,266$365,754$302,879$494,582
65$663,805$338,602$267,951$483,939
66$685,019$308,700$230,434$471,839
67$706,933$275,868$190,195$458,186
68$729,571$239,916$147,097$442,881
69$752,960$200,645$100,997$425,818
70$777,127$157,841$51,746$406,885
71$802,101$111,283$0$385,966
72$827,912$60,733$0$363,128
73$854,592$5,941$0$351,025
74$882,174$0$0$337,400
75$910,692$0$0$345,636
76$940,183$0$0$356,860
77$970,684$0$0$368,473
78$1,002,237$0$0$380,488
79$1,034,884$0$0$392,924
80$1,068,668$0$0$405,798
81$1,103,638$0$0$419,128
82$1,139,842$0$0$432,933
83$1,177,334$0$0$447,235
84$1,216,169$0$0$462,055
85$1,256,405$0$0$477,417
86$1,298,105$0$0$493,345
87$1,341,336$0$0$509,865
88$1,386,167$0$0$527,005
89$1,432,673$0$0$544,796
90$1,480,933$0$0$563,269
91$1,531,034$0$0$582,457
92$1,583,065$0$0$602,397
93$1,637,122$0$0$623,127
94$1,693,310$0$0$644,690
95$1,751,739$0$0$667,129
96$1,812,527$0$0$690,492
97$1,875,803$0$0$714,831
98$1,941,702$0$0$740,201
99$2,010,372$0$0$766,660
100$2,081,970$0$0$794,274