Can I retire at age 57 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$40,629$40,267$39,914$39,569$39,233$37,706
2 years$20,113$19,739$19,376$19,024$18,682$17,162
3 years$13,276$12,899$12,537$12,189$11,853$10,388
4 years$9,858$9,482$9,124$8,781$8,454$7,055
5 years$7,807$7,434$7,081$6,745$6,426$5,097
6 years$6,441$6,071$5,722$5,394$5,085$3,826
7 years$5,465$5,098$4,755$4,435$4,135$2,947
8 years$4,734$4,370$4,033$3,720$3,431$2,311
9 years$4,165$3,805$3,473$3,169$2,889$1,836
10 years$3,710$3,354$3,028$2,731$2,462$1,474
11 years$3,339$2,986$2,666$2,377$2,117$1,193
12 years$3,029$2,680$2,366$2,085$1,835$971
13 years$2,768$2,422$2,114$1,841$1,600$794
14 years$2,543$2,201$1,899$1,634$1,402$652
15 years$2,349$2,011$1,715$1,457$1,235$537
16 years$2,180$1,845$1,555$1,305$1,091$443
17 years$2,030$1,699$1,415$1,172$968$367
18 years$1,897$1,570$1,291$1,057$860$304
19 years$1,779$1,455$1,182$955$767$252
20 years$1,672$1,352$1,085$865$685$209
21 years$1,576$1,260$998$785$613$174
22 years$1,488$1,176$920$714$549$145
23 years$1,409$1,100$849$650$493$121
24 years$1,336$1,030$785$593$443$101
25 years$1,268$967$727$541$399$84
26 years$1,207$909$675$495$359$70
27 years$1,150$855$627$453$324$58
28 years$1,097$806$582$415$292$49
29 years$1,047$760$542$381$264$41
30 years$1,001$718$505$349$239$34
31 years$959$679$471$321$216$28
32 years$919$642$439$295$195$24
33 years$881$608$410$271$177$20
34 years$846$576$383$249$160$16
35 years$813$547$358$230$145$14
36 years$781$519$335$211$131$11
37 years$752$493$314$195$119$10
38 years$724$468$294$180$108$8
39 years$698$445$275$166$98$7
40 years$673$424$258$153$89$6
41 years$649$403$242$141$80$5
42 years$626$384$227$130$73$4
43 years$605$366$213$120$66$3
44 years$585$349$200$111$60$3
45 years$565$333$188$102$55$2
46 years$547$317$176$95$50$2
47 years$529$303$166$87$45$2
48 years$512$289$156$81$41$1
49 years$496$276$146$75$37$1
50 years$480$264$137$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $492,000, adding $4,607 every year, while hoping to spend $29,851 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: 77/10/13 Blend
56$492,000$492,000$492,000$492,000
57$546,936$520,860$513,234$587,274
58$570,962$514,621$498,666$608,255
59$596,439$507,076$482,610$627,012
60$623,482$498,129$464,984$646,743
61$652,219$487,679$445,702$667,534
62$682,789$475,619$424,677$689,480
63$715,345$461,835$401,815$712,687
64$750,052$446,208$377,019$737,270
65$787,096$428,610$350,186$763,357
66$826,674$408,907$321,212$791,090
67$869,007$386,956$289,985$820,626
68$914,336$362,606$256,390$852,138
69$962,924$335,699$220,304$885,815
70$1,015,060$306,067$181,603$921,871
71$1,071,063$273,531$140,153$960,537
72$1,131,281$237,904$95,818$1,002,072
73$1,196,097$198,986$48,453$1,046,760
74$1,265,930$156,568$0$1,094,916
75$1,341,244$110,429$0$1,147,178
76$1,422,544$60,333$0$1,210,830
77$1,510,389$6,034$0$1,279,593
78$1,605,390$0$0$1,353,957
79$1,708,221$0$0$1,440,267
80$1,819,622$0$0$1,534,505
81$1,940,406$0$0$1,636,695
82$2,071,469$0$0$1,747,598
83$2,213,794$0$0$1,868,047
84$2,368,464$0$0$1,998,962
85$2,536,669$0$0$2,141,351
86$2,719,719$0$0$2,296,327
87$2,919,057$0$0$2,465,112
88$3,136,268$0$0$2,649,051
89$3,373,097$0$0$2,849,626
90$3,631,466$0$0$3,068,466
91$3,913,490$0$0$3,307,366
92$4,221,496$0$0$3,568,300
93$4,558,047$0$0$3,853,442
94$4,925,964$0$0$4,165,185
95$5,328,353$0$0$4,506,166
96$5,768,633$0$0$4,879,284
97$6,250,571$0$0$5,287,735
98$6,778,313$0$0$5,735,037
99$7,356,426$0$0$6,225,065
100$7,989,938$0$0$6,762,085