Can I retire at age 57 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$39,968$39,612$39,265$38,926$38,595$38,018
2 years$19,786$19,418$19,061$18,714$18,378$17,799
3 years$13,060$12,690$12,333$11,990$11,660$11,095
4 years$9,697$9,328$8,976$8,638$8,316$7,771
5 years$7,680$7,313$6,965$6,635$6,322$5,797
6 years$6,336$5,972$5,629$5,306$5,002$4,499
7 years$5,376$5,015$4,678$4,363$4,068$3,587
8 years$4,657$4,299$3,967$3,660$3,375$2,915
9 years$4,097$3,743$3,417$3,117$2,842$2,404
10 years$3,650$3,299$2,979$2,687$2,422$2,005
11 years$3,285$2,937$2,623$2,339$2,083$1,686
12 years$2,980$2,636$2,328$2,051$1,805$1,429
13 years$2,723$2,382$2,079$1,811$1,574$1,217
14 years$2,502$2,166$1,868$1,608$1,380$1,042
15 years$2,311$1,978$1,687$1,434$1,215$896
16 years$2,144$1,815$1,529$1,284$1,074$773
17 years$1,997$1,672$1,392$1,153$952$668
18 years$1,867$1,545$1,270$1,039$846$579
19 years$1,750$1,432$1,163$939$754$503
20 years$1,645$1,330$1,067$851$674$438
21 years$1,550$1,239$982$772$603$382
22 years$1,464$1,157$905$702$541$333
23 years$1,386$1,082$835$639$485$291
24 years$1,314$1,014$773$583$436$254
25 years$1,248$951$716$532$392$223
26 years$1,187$894$664$487$353$195
27 years$1,131$841$616$446$319$171
28 years$1,079$793$573$408$288$150
29 years$1,030$748$533$374$260$131
30 years$985$706$497$344$235$115
31 years$943$668$463$316$212$101
32 years$904$632$432$290$192$89
33 years$867$598$403$267$174$78
34 years$832$567$377$245$157$69
35 years$799$538$352$226$142$60
36 years$769$510$330$208$129$53
37 years$740$485$309$192$117$47
38 years$712$461$289$177$106$41
39 years$686$438$271$163$96$36
40 years$662$417$254$150$87$32
41 years$638$397$238$139$79$28
42 years$616$378$223$128$72$25
43 years$595$360$209$118$65$22
44 years$575$343$197$109$59$19
45 years$556$327$185$101$54$17
46 years$538$312$173$93$49$15
47 years$520$298$163$86$44$13
48 years$504$284$153$79$40$11
49 years$488$272$144$73$37$10
50 years$473$259$135$68$33$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $484,000, adding $6,078 every year, while hoping to spend $25,331 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: 26/49/25 Blend
56$484,000$484,000$484,000$484,000
57$539,637$513,985$506,483$549,304
58$567,728$512,219$496,499$555,822
59$597,836$509,517$485,330$560,223
60$630,138$505,806$472,912$564,415
61$664,832$501,011$459,175$568,394
62$702,134$495,048$444,045$572,163
63$742,278$487,833$427,448$575,724
64$785,526$479,272$409,303$579,086
65$832,163$469,270$389,528$582,257
66$882,502$457,722$368,035$585,254
67$936,887$444,521$344,735$588,095
68$995,698$429,550$319,531$590,804
69$1,059,349$412,688$292,325$593,413
70$1,128,299$393,806$263,014$595,960
71$1,203,049$372,766$231,490$598,490
72$1,284,154$349,426$197,638$601,060
73$1,372,220$323,630$161,342$603,733
74$1,467,918$295,219$122,478$606,587
75$1,571,982$264,022$80,918$609,711
76$1,685,223$229,857$36,527$613,211
77$1,808,530$192,535$0$617,207
78$1,942,884$151,853$0$624,733
79$2,089,364$107,599$0$643,640
80$2,249,156$59,549$0$664,401
81$2,423,567$7,464$0$687,266
82$2,614,036$0$0$712,519
83$2,822,146$0$0$766,847
84$3,049,639$0$0$830,713
85$3,298,434$0$0$900,641
86$3,570,646$0$0$977,236
87$3,868,600$0$0$1,061,162
88$4,194,858$0$0$1,153,152
89$4,552,242$0$0$1,254,014
90$4,943,859$0$0$1,364,636
91$5,373,130$0$0$1,485,997
92$5,843,824$0$0$1,619,174
93$6,360,092$0$0$1,765,357
94$6,926,506$0$0$1,925,852
95$7,548,101$0$0$2,102,101
96$8,230,424$0$0$2,295,692
97$8,979,585$0$0$2,508,373
98$9,802,315$0$0$2,742,071
99$10,706,027$0$0$2,998,909
100$11,698,891$0$0$3,281,224