Can I retire at age 57 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$39,308$38,958$38,616$38,282$37,957$37,702
2 years$19,459$19,097$18,746$18,405$18,075$17,818
3 years$12,844$12,480$12,130$11,792$11,467$11,216
4 years$9,537$9,174$8,827$8,496$8,179$7,935
5 years$7,553$7,193$6,850$6,525$6,217$5,982
6 years$6,231$5,873$5,536$5,218$4,919$4,693
7 years$5,287$4,932$4,601$4,290$4,001$3,783
8 years$4,580$4,228$3,902$3,599$3,319$3,110
9 years$4,030$3,681$3,360$3,066$2,795$2,595
10 years$3,590$3,245$2,930$2,643$2,382$2,190
11 years$3,230$2,889$2,579$2,300$2,048$1,866
12 years$2,931$2,593$2,289$2,017$1,775$1,601
13 years$2,678$2,343$2,045$1,781$1,548$1,382
14 years$2,461$2,130$1,838$1,581$1,357$1,199
15 years$2,273$1,946$1,659$1,410$1,195$1,044
16 years$2,109$1,785$1,504$1,262$1,056$913
17 years$1,964$1,644$1,369$1,134$936$801
18 years$1,836$1,519$1,249$1,022$832$704
19 years$1,721$1,408$1,144$924$742$621
20 years$1,618$1,308$1,050$837$663$548
21 years$1,525$1,219$966$759$593$485
22 years$1,440$1,138$890$690$532$429
23 years$1,363$1,064$822$629$477$381
24 years$1,292$997$760$573$429$338
25 years$1,227$935$704$524$386$301
26 years$1,167$879$653$479$348$268
27 years$1,112$827$606$438$313$238
28 years$1,061$780$564$402$283$212
29 years$1,013$736$524$368$255$189
30 years$969$695$488$338$231$169
31 years$928$657$455$310$209$151
32 years$889$621$425$285$189$134
33 years$852$588$397$262$171$120
34 years$818$558$371$241$155$107
35 years$786$529$347$222$140$96
36 years$756$502$324$205$127$86
37 years$727$477$303$189$115$77
38 years$700$453$284$174$104$69
39 years$675$431$266$160$95$61
40 years$651$410$250$148$86$55
41 years$628$390$234$136$78$49
42 years$606$372$219$126$71$44
43 years$585$354$206$116$64$39
44 years$566$338$193$107$58$35
45 years$547$322$182$99$53$32
46 years$529$307$170$91$48$28
47 years$512$293$160$85$44$25
48 years$495$280$151$78$40$23
49 years$480$267$141$72$36$20
50 years$465$255$133$67$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $476,000, adding $4,528 every year, while hoping to spend $31,574 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: 39/33/28 Blend
56$476,000$476,000$476,000$476,000
57$529,223$503,995$496,617$545,323
58$549,609$495,096$479,659$548,597
59$571,016$484,703$461,075$548,891
60$593,516$472,709$440,776$548,606
61$617,184$459,002$418,672$547,710
62$642,105$443,461$394,666$546,170
63$668,370$425,961$368,658$543,952
64$696,079$406,368$340,542$541,023
65$725,339$384,540$310,211$537,348
66$756,268$360,327$277,548$532,893
67$788,997$333,572$242,435$527,625
68$823,664$304,107$204,746$521,509
69$860,425$271,755$164,352$514,514
70$899,447$236,330$121,116$506,608
71$940,914$197,633$74,897$497,759
72$985,026$155,457$25,545$487,939
73$1,032,005$109,580$0$477,123
74$1,082,090$59,770$0$473,388
75$1,135,546$5,781$0$477,284
76$1,192,661$0$0$481,203
77$1,253,753$0$0$504,306
78$1,319,168$0$0$531,332
79$1,389,288$0$0$560,346
80$1,464,531$0$0$591,527
81$1,545,355$0$0$625,069
82$1,632,263$0$0$661,189
83$1,725,808$0$0$700,123
84$1,826,597$0$0$742,130
85$1,935,297$0$0$787,495
86$2,052,639$0$0$836,532
87$2,179,428$0$0$889,586
88$2,316,548$0$0$947,034
89$2,464,971$0$0$1,009,293
90$2,625,766$0$0$1,076,821
91$2,800,107$0$0$1,150,122
92$2,989,285$0$0$1,229,748
93$3,194,723$0$0$1,316,308
94$3,417,981$0$0$1,410,474
95$3,660,780$0$0$1,512,981
96$3,925,011$0$0$1,624,641
97$4,212,755$0$0$1,746,346
98$4,526,301$0$0$1,879,080
99$4,868,170$0$0$2,023,922
100$5,241,135$0$0$2,182,063