Can I retire at age 57 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$39,473$39,121$38,778$38,443$38,116$36,926
2 years$19,541$19,177$18,824$18,482$18,151$16,962
3 years$12,898$12,532$12,181$11,842$11,516$10,366
4 years$9,577$9,213$8,864$8,531$8,213$7,111
5 years$7,585$7,223$6,879$6,553$6,243$5,192
6 years$6,257$5,898$5,559$5,240$4,940$3,941
7 years$5,310$4,953$4,620$4,308$4,018$3,070
8 years$4,599$4,246$3,918$3,614$3,333$2,436
9 years$4,047$3,697$3,375$3,079$2,807$1,960
10 years$3,605$3,258$2,942$2,654$2,392$1,593
11 years$3,244$2,901$2,590$2,310$2,057$1,306
12 years$2,943$2,604$2,299$2,026$1,782$1,077
13 years$2,689$2,353$2,054$1,788$1,554$893
14 years$2,471$2,139$1,845$1,588$1,363$743
15 years$2,283$1,954$1,666$1,416$1,200$621
16 years$2,118$1,793$1,510$1,268$1,060$520
17 years$1,972$1,651$1,374$1,139$940$437
18 years$1,843$1,525$1,255$1,027$836$367
19 years$1,728$1,414$1,149$928$745$309
20 years$1,625$1,314$1,054$840$665$261
21 years$1,531$1,224$970$762$596$220
22 years$1,446$1,142$894$693$534$186
23 years$1,368$1,068$825$631$479$158
24 years$1,298$1,001$763$576$431$133
25 years$1,232$939$707$526$388$113
26 years$1,172$883$656$481$349$96
27 years$1,117$831$609$440$315$81
28 years$1,065$783$566$403$284$69
29 years$1,018$739$527$370$256$58
30 years$973$698$491$339$232$50
31 years$931$659$457$312$209$42
32 years$893$624$427$286$190$36
33 years$856$591$398$263$172$30
34 years$822$560$372$242$155$26
35 years$790$531$348$223$141$22
36 years$759$504$326$205$127$19
37 years$731$479$305$189$115$16
38 years$703$455$285$174$105$13
39 years$678$433$267$161$95$11
40 years$654$412$251$148$86$10
41 years$630$392$235$137$78$8
42 years$609$373$220$126$71$7
43 years$588$356$207$117$64$6
44 years$568$339$194$108$58$5
45 years$549$323$182$99$53$4
46 years$531$308$171$92$48$4
47 years$514$294$161$85$44$3
48 years$497$281$151$78$40$3
49 years$482$268$142$72$36$2
50 years$467$256$134$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $478,000, adding $2,895 every year, while hoping to spend $32,214 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: 60/32/8 Blend
56$478,000$478,000$478,000$478,000
57$529,742$504,408$496,999$560,440
58$549,500$494,849$479,373$571,802
59$570,194$483,741$460,077$580,247
60$591,885$470,976$439,021$588,651
61$614,640$456,436$416,110$597,013
62$638,531$439,999$391,248$605,331
63$663,636$421,534$364,330$613,604
64$690,042$400,903$335,249$621,834
65$717,840$377,962$303,894$630,024
66$747,132$352,554$270,147$638,180
67$778,028$324,518$233,885$646,309
68$810,648$293,681$194,982$654,423
69$845,124$259,860$153,303$662,536
70$881,597$222,864$108,709$670,667
71$920,224$182,489$61,055$678,839
72$961,175$138,519$10,189$687,079
73$1,004,636$90,728$0$695,421
74$1,050,811$38,876$0$707,670
75$1,099,923$0$0$721,284
76$1,152,214$0$0$741,550
77$1,207,953$0$0$777,765
78$1,267,431$0$0$816,432
79$1,330,968$0$0$857,763
80$1,398,914$0$0$901,987
81$1,471,656$0$0$949,360
82$1,549,613$0$0$1,000,159
83$1,633,249$0$0$1,054,690
84$1,723,072$0$0$1,113,286
85$1,819,639$0$0$1,176,317
86$1,923,561$0$0$1,244,185
87$2,035,510$0$0$1,317,334
88$2,156,224$0$0$1,396,251
89$2,286,513$0$0$1,481,471
90$2,427,268$0$0$1,573,581
91$2,579,467$0$0$1,673,228
92$2,744,186$0$0$1,781,122
93$2,922,607$0$0$1,898,044
94$3,116,030$0$0$2,024,853
95$3,325,885$0$0$2,162,491
96$3,553,743$0$0$2,311,999
97$3,801,335$0$0$2,474,518
98$4,070,562$0$0$2,651,304
99$4,363,517$0$0$2,843,742
100$4,682,502$0$0$3,053,350