Can I retire at age 57 with 493,000?

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 $493,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$40,711$40,349$39,995$39,650$39,313$39,065
2 years$20,154$19,779$19,415$19,062$18,720$18,470
3 years$13,303$12,926$12,563$12,213$11,877$11,633
4 years$9,878$9,502$9,143$8,799$8,471$8,234
5 years$7,823$7,449$7,095$6,759$6,439$6,211
6 years$6,454$6,083$5,734$5,405$5,095$4,875
7 years$5,476$5,109$4,765$4,444$4,144$3,932
8 years$4,743$4,379$4,041$3,728$3,438$3,235
9 years$4,174$3,813$3,480$3,175$2,895$2,700
10 years$3,718$3,361$3,034$2,737$2,467$2,280
11 years$3,346$2,992$2,671$2,382$2,121$1,944
12 years$3,035$2,685$2,371$2,089$1,838$1,669
13 years$2,773$2,427$2,118$1,845$1,603$1,441
14 years$2,549$2,206$1,903$1,637$1,405$1,251
15 years$2,354$2,015$1,718$1,460$1,237$1,091
16 years$2,184$1,849$1,558$1,308$1,094$954
17 years$2,034$1,703$1,418$1,175$970$838
18 years$1,901$1,573$1,294$1,059$862$737
19 years$1,782$1,458$1,185$957$768$650
20 years$1,676$1,355$1,087$866$686$574
21 years$1,579$1,262$1,000$786$614$508
22 years$1,491$1,178$922$715$551$451
23 years$1,411$1,102$851$651$494$400
24 years$1,338$1,032$787$594$444$356
25 years$1,271$969$729$542$400$316
26 years$1,209$911$676$496$360$282
27 years$1,152$857$628$454$325$251
28 years$1,099$808$584$416$293$224
29 years$1,049$762$543$381$264$200
30 years$1,004$719$506$350$239$178
31 years$961$680$472$321$216$159
32 years$921$644$440$295$195$142
33 years$883$609$411$272$177$127
34 years$848$578$384$250$160$114
35 years$814$548$359$230$145$102
36 years$783$520$336$212$131$91
37 years$753$494$314$195$119$81
38 years$726$469$294$180$108$73
39 years$699$446$276$166$98$65
40 years$674$425$258$153$89$58
41 years$650$404$242$141$81$52
42 years$628$385$227$130$73$47
43 years$606$367$213$120$66$42
44 years$586$350$200$111$60$38
45 years$566$333$188$103$55$34
46 years$548$318$177$95$50$30
47 years$530$303$166$88$45$27
48 years$513$290$156$81$41$24
49 years$497$277$147$75$37$22
50 years$481$264$138$69$34$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $493,000, adding $4,387 every year, while hoping to spend $21,924 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: 35/44/21 Blend
56$493,000$493,000$493,000$493,000
57$547,811$521,682$514,041$563,352
58$580,361$523,918$507,934$577,404
59$615,496$525,528$500,888$590,217
60$653,457$526,459$492,848$603,592
61$694,508$526,654$483,757$617,592
62$738,940$526,052$473,555$632,290
63$787,072$524,589$462,179$647,763
64$839,255$522,196$449,564$664,103
65$895,876$518,800$435,642$681,410
66$957,360$514,326$420,340$699,796
67$1,024,173$508,690$403,584$719,389
68$1,096,829$501,807$385,295$740,329
69$1,175,895$493,584$365,391$762,774
70$1,261,992$483,925$343,787$786,901
71$1,355,804$472,727$320,393$812,907
72$1,458,086$459,880$295,116$841,012
73$1,569,666$445,270$267,858$871,461
74$1,691,457$428,773$238,516$904,529
75$1,824,464$410,261$206,985$940,520
76$1,969,793$389,597$173,152$979,773
77$2,128,661$366,637$136,902$1,022,666
78$2,302,409$341,227$98,113$1,069,619
79$2,492,513$313,205$56,658$1,121,099
80$2,700,598$282,401$12,405$1,177,626
81$2,928,455$248,634$0$1,239,776
82$3,178,053$211,713$0$1,315,993
83$3,451,563$171,436$0$1,402,659
84$3,751,376$127,590$0$1,497,816
85$4,080,124$79,949$0$1,602,373
86$4,440,706$28,276$0$1,717,341
87$4,836,317$0$0$1,843,834
88$5,270,474$0$0$1,996,488
89$5,747,052$0$0$2,179,159
90$6,270,319$0$0$2,379,803
91$6,844,977$0$0$2,600,231
92$7,476,205$0$0$2,842,439
93$8,169,709$0$0$3,108,628
94$8,931,775$0$0$3,401,220
95$9,769,328$0$0$3,722,886
96$10,689,996$0$0$4,076,565
97$11,702,184$0$0$4,465,499
98$12,815,152$0$0$4,893,258
99$14,039,103$0$0$5,363,775
100$15,385,276$0$0$5,881,384