Can I retire at age 57 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$38,895$38,548$38,210$37,880$37,558$36,473
2 years$19,255$18,896$18,549$18,212$17,885$16,800
3 years$12,709$12,349$12,002$11,668$11,347$10,297
4 years$9,437$9,078$8,735$8,406$8,093$7,085
5 years$7,474$7,117$6,778$6,457$6,152$5,189
6 years$6,166$5,812$5,478$5,164$4,868$3,952
7 years$5,232$4,881$4,552$4,245$3,959$3,089
8 years$4,532$4,184$3,861$3,561$3,284$2,460
9 years$3,987$3,643$3,325$3,033$2,766$1,986
10 years$3,552$3,211$2,899$2,615$2,357$1,621
11 years$3,196$2,858$2,552$2,276$2,027$1,333
12 years$2,900$2,565$2,265$1,996$1,756$1,104
13 years$2,649$2,318$2,024$1,762$1,532$919
14 years$2,435$2,107$1,818$1,564$1,343$768
15 years$2,249$1,925$1,642$1,395$1,182$645
16 years$2,087$1,766$1,488$1,249$1,045$542
17 years$1,944$1,627$1,354$1,122$926$457
18 years$1,816$1,503$1,236$1,011$824$386
19 years$1,703$1,393$1,132$914$734$327
20 years$1,601$1,295$1,039$828$656$277
21 years$1,509$1,206$955$751$587$235
22 years$1,425$1,126$881$683$526$200
23 years$1,348$1,053$813$622$472$170
24 years$1,279$986$752$567$424$144
25 years$1,214$926$696$518$382$123
26 years$1,155$870$646$474$344$105
27 years$1,100$819$600$434$310$89
28 years$1,050$771$558$397$280$76
29 years$1,003$728$519$364$253$65
30 years$959$687$483$334$228$55
31 years$918$650$451$307$206$47
32 years$879$615$420$282$187$40
33 years$843$582$393$260$169$34
34 years$810$552$367$239$153$29
35 years$778$523$343$220$139$25
36 years$748$497$321$202$126$21
37 years$720$472$300$187$114$18
38 years$693$448$281$172$103$16
39 years$668$426$263$159$94$13
40 years$644$406$247$146$85$11
41 years$621$386$232$135$77$10
42 years$600$368$217$125$70$8
43 years$579$350$204$115$63$7
44 years$560$334$191$106$58$6
45 years$541$319$180$98$52$5
46 years$523$304$169$91$47$4
47 years$506$290$158$84$43$4
48 years$490$277$149$77$39$3
49 years$475$264$140$71$36$3
50 years$460$252$132$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $471,000, adding $2,308 every year, while hoping to spend $38,983 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: 58/34/8 Blend
56$471,000$471,000$471,000$471,000
57$521,423$496,460$489,159$550,597
58$533,130$479,309$464,068$553,331
59$544,725$460,011$436,831$551,710
60$556,155$438,419$407,333$548,982
61$567,361$414,380$375,456$545,044
62$578,276$387,728$341,078$539,785
63$588,825$358,292$304,069$533,085
64$598,925$325,888$264,295$524,814
65$608,481$290,322$221,614$514,831
66$617,388$251,389$175,880$502,985
67$625,529$208,875$126,940$489,110
68$632,773$162,551$74,633$473,029
69$638,975$112,174$18,792$454,549
70$643,971$57,492$0$433,460
71$647,582$0$0$413,019
72$649,605$0$0$392,097
73$649,818$0$0$391,505
74$647,972$0$0$389,575
75$643,792$0$0$386,129
76$636,972$0$0$380,971
77$627,173$0$0$373,884
78$614,019$0$0$364,626
79$597,094$0$0$352,932
80$575,936$0$0$338,505
81$550,036$0$0$321,017
82$518,827$0$0$300,108
83$481,685$0$0$275,376
84$437,918$0$0$246,378
85$386,759$0$0$212,623
86$327,364$0$0$173,571
87$258,797$0$0$128,622
88$180,025$0$0$77,115
89$89,905$0$0$18,319
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