Can I retire at age 57 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$40,464$40,103$39,752$39,408$39,073$38,284
2 years$20,032$19,658$19,297$18,946$18,606$17,815
3 years$13,222$12,847$12,486$12,139$11,805$11,036
4 years$9,817$9,444$9,087$8,746$8,419$7,678
5 years$7,775$7,404$7,052$6,717$6,400$5,689
6 years$6,415$6,046$5,699$5,372$5,064$4,385
7 years$5,443$5,077$4,736$4,417$4,119$3,470
8 years$4,714$4,352$4,016$3,705$3,417$2,799
9 years$4,148$3,789$3,459$3,156$2,877$2,291
10 years$3,695$3,340$3,016$2,720$2,452$1,895
11 years$3,325$2,974$2,655$2,368$2,109$1,581
12 years$3,017$2,669$2,356$2,077$1,827$1,328
13 years$2,756$2,412$2,105$1,833$1,593$1,122
14 years$2,533$2,192$1,892$1,627$1,397$952
15 years$2,340$2,003$1,708$1,451$1,230$811
16 years$2,171$1,838$1,548$1,300$1,087$693
17 years$2,022$1,692$1,409$1,168$964$594
18 years$1,890$1,564$1,286$1,052$857$510
19 years$1,772$1,449$1,177$951$764$439
20 years$1,665$1,347$1,081$861$682$378
21 years$1,569$1,254$994$782$610$326
22 years$1,482$1,171$916$711$547$282
23 years$1,403$1,095$846$647$491$244
24 years$1,330$1,026$782$590$442$211
25 years$1,263$963$725$539$397$183
26 years$1,202$905$672$493$358$158
27 years$1,145$852$624$451$323$137
28 years$1,092$803$580$413$291$119
29 years$1,043$757$540$379$263$103
30 years$997$715$503$348$238$90
31 years$955$676$469$319$215$78
32 years$915$640$437$294$194$68
33 years$878$606$408$270$176$59
34 years$842$574$382$248$159$51
35 years$809$544$357$229$144$45
36 years$778$517$334$211$131$39
37 years$749$491$312$194$118$34
38 years$721$466$292$179$107$29
39 years$695$444$274$165$97$25
40 years$670$422$257$152$88$22
41 years$646$402$241$140$80$19
42 years$624$383$226$130$73$17
43 years$603$365$212$120$66$15
44 years$582$347$199$110$60$13
45 years$563$331$187$102$54$11
46 years$544$316$175$94$49$10
47 years$527$302$165$87$45$8
48 years$510$288$155$80$41$7
49 years$494$275$146$74$37$6
50 years$478$263$137$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $490,000, adding $3,609 every year, while hoping to spend $20,201 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: 64/29/7 Blend
56$490,000$490,000$490,000$490,000
57$543,703$517,733$510,138$577,563
58$577,667$521,608$505,734$604,441
59$614,418$524,996$500,505$631,069
60$654,219$527,852$494,403$659,625
61$697,360$530,127$487,376$690,294
62$744,158$531,770$479,370$723,281
63$794,963$532,728$470,330$758,813
64$850,160$532,942$460,196$797,139
65$910,171$532,351$448,908$838,534
66$975,462$530,890$436,400$883,302
67$1,046,545$528,489$422,605$931,778
68$1,123,984$525,076$407,453$984,332
69$1,208,398$520,572$390,870$1,041,374
70$1,300,469$514,896$372,780$1,103,352
71$1,400,950$507,959$353,101$1,170,766
72$1,510,667$499,668$331,749$1,244,163
73$1,630,529$489,926$308,637$1,324,149
74$1,761,540$478,629$283,673$1,411,394
75$1,904,801$465,666$256,761$1,506,634
76$2,061,528$450,921$227,799$1,610,683
77$2,233,058$434,270$196,685$1,724,440
78$2,420,863$415,583$163,307$1,848,896
79$2,626,566$394,721$127,552$1,985,144
80$2,851,952$371,539$89,301$2,134,391
81$3,098,987$345,880$48,429$2,297,967
82$3,369,839$317,583$4,807$2,477,342
83$3,666,892$286,475$0$2,674,136
84$3,992,774$252,371$0$2,893,254
85$4,350,380$215,080$0$3,134,137
86$4,742,898$174,398$0$3,398,611
87$5,173,839$130,109$0$3,689,087
88$5,647,071$81,985$0$4,008,224
89$6,166,857$29,787$0$4,358,956
90$6,737,890$0$0$4,744,515
91$7,365,341$0$0$5,177,000
92$8,054,909$0$0$5,662,783
93$8,812,869$0$0$6,196,784
94$9,646,136$0$0$6,783,880
95$10,562,329$0$0$7,429,443
96$11,569,841$0$0$8,139,392
97$12,677,918$0$0$8,920,249
98$13,896,750$0$0$9,779,198
99$15,237,562$0$0$10,724,156
100$16,712,722$0$0$11,763,845