Can I retire at age 57 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$39,721$39,367$39,022$38,685$38,356$37,459
2 years$19,664$19,297$18,942$18,598$18,265$17,366
3 years$12,979$12,611$12,257$11,916$11,588$10,716
4 years$9,637$9,270$8,920$8,585$8,265$7,426
5 years$7,633$7,268$6,922$6,594$6,283$5,479
6 years$6,297$5,935$5,594$5,273$4,971$4,204
7 years$5,343$4,984$4,649$4,335$4,043$3,312
8 years$4,628$4,272$3,943$3,637$3,354$2,660
9 years$4,072$3,720$3,396$3,098$2,825$2,166
10 years$3,628$3,279$2,960$2,670$2,407$1,783
11 years$3,264$2,919$2,606$2,324$2,070$1,480
12 years$2,962$2,620$2,313$2,038$1,794$1,237
13 years$2,706$2,368$2,067$1,800$1,564$1,039
14 years$2,487$2,152$1,857$1,598$1,371$877
15 years$2,297$1,966$1,676$1,425$1,207$743
16 years$2,131$1,804$1,520$1,276$1,067$632
17 years$1,985$1,661$1,383$1,146$946$538
18 years$1,855$1,535$1,263$1,033$841$459
19 years$1,739$1,423$1,156$933$750$393
20 years$1,635$1,322$1,061$845$670$336
21 years$1,541$1,231$976$767$599$289
22 years$1,455$1,149$899$698$537$248
23 years$1,377$1,075$830$635$482$213
24 years$1,306$1,007$768$579$433$183
25 years$1,240$945$711$529$390$158
26 years$1,180$888$660$484$351$136
27 years$1,124$836$613$443$317$117
28 years$1,072$788$569$406$286$101
29 years$1,024$743$530$372$258$87
30 years$979$702$494$341$233$75
31 years$937$664$460$314$211$65
32 years$898$628$429$288$191$56
33 years$861$595$401$265$173$48
34 years$827$564$375$244$156$42
35 years$794$534$350$224$142$36
36 years$764$507$328$207$128$31
37 years$735$482$307$190$116$27
38 years$708$458$287$176$105$23
39 years$682$435$269$162$96$20
40 years$658$414$252$149$87$17
41 years$634$394$236$138$79$15
42 years$612$376$222$127$71$13
43 years$591$358$208$117$65$11
44 years$571$341$195$108$59$10
45 years$552$325$183$100$53$8
46 years$534$310$172$92$48$7
47 years$517$296$162$85$44$6
48 years$501$283$152$79$40$5
49 years$485$270$143$73$36$5
50 years$470$258$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $481,000, adding $5,282 every year, while hoping to spend $24,145 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: 41/30/29 Blend
56$481,000$481,000$481,000$481,000
57$535,510$510,017$502,562$552,721
58$564,442$509,318$493,708$564,982
59$595,516$507,775$483,747$575,605
60$628,925$505,322$472,619$586,647
61$664,880$501,888$460,257$598,164
62$703,614$497,397$446,592$610,215
63$745,384$491,770$431,553$622,870
64$790,469$484,923$415,066$636,206
65$839,177$476,765$397,052$650,312
66$891,849$467,202$377,429$665,285
67$948,856$456,133$356,111$681,238
68$1,010,608$443,452$333,009$698,295
69$1,077,555$429,047$308,030$716,596
70$1,150,192$412,797$281,076$736,298
71$1,229,065$394,576$252,044$757,577
72$1,314,771$374,252$220,830$780,630
73$1,407,970$351,683$187,320$805,676
74$1,509,386$326,719$151,399$832,961
75$1,619,818$299,203$112,945$862,760
76$1,740,144$268,968$71,832$895,379
77$1,871,327$235,836$27,928$931,159
78$2,014,433$199,623$0$970,480
79$2,170,631$160,130$0$1,019,623
80$2,341,209$117,150$0$1,082,806
81$2,527,586$70,463$0$1,151,948
82$2,731,320$19,837$0$1,227,682
83$2,954,133$0$0$1,310,706
84$3,197,915$0$0$1,413,340
85$3,464,750$0$0$1,532,908
86$3,756,933$0$0$1,663,897
87$4,076,990$0$0$1,807,448
88$4,427,704$0$0$1,964,817
89$4,812,139$0$0$2,137,388
90$5,233,669$0$0$2,326,683
91$5,696,013$0$0$2,534,383
92$6,203,263$0$0$2,762,334
93$6,759,931$0$0$3,012,574
94$7,370,982$0$0$3,287,346
95$8,041,889$0$0$3,589,120
96$8,778,679$0$0$3,920,619
97$9,587,991$0$0$4,284,841
98$10,477,141$0$0$4,685,090
99$11,454,187$0$0$5,125,005
100$12,528,005$0$0$5,608,595