Can I retire at age 57 with 237,000?

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 $237,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$19,571$19,397$19,227$19,061$18,899$18,382
2 years$9,689$9,508$9,333$9,164$8,999$8,483
3 years$6,395$6,214$6,039$5,871$5,710$5,209
4 years$4,748$4,568$4,395$4,230$4,072$3,592
5 years$3,761$3,581$3,411$3,249$3,096$2,636
6 years$3,103$2,924$2,756$2,598$2,449$2,012
7 years$2,633$2,456$2,291$2,136$1,992$1,576
8 years$2,280$2,105$1,943$1,792$1,653$1,258
9 years$2,006$1,833$1,673$1,526$1,392$1,018
10 years$1,787$1,616$1,459$1,316$1,186$833
11 years$1,608$1,438$1,284$1,145$1,020$687
12 years$1,459$1,291$1,140$1,004$884$571
13 years$1,333$1,167$1,018$887$771$476
14 years$1,225$1,060$915$787$676$399
15 years$1,132$969$826$702$595$336
16 years$1,050$889$749$629$526$283
17 years$978$819$681$565$466$240
18 years$914$756$622$509$414$203
19 years$857$701$570$460$369$172
20 years$805$651$523$417$330$147
21 years$759$607$481$378$295$125
22 years$717$566$443$344$265$106
23 years$678$530$409$313$238$91
24 years$643$496$378$285$214$77
25 years$611$466$350$261$192$66
26 years$581$438$325$238$173$56
27 years$554$412$302$218$156$48
28 years$528$388$281$200$141$41
29 years$505$366$261$183$127$35
30 years$482$346$243$168$115$30
31 years$462$327$227$155$104$26
32 years$443$309$212$142$94$22
33 years$424$293$198$131$85$19
34 years$407$278$185$120$77$16
35 years$391$263$173$111$70$14
36 years$376$250$161$102$63$12
37 years$362$237$151$94$57$10
38 years$349$226$141$87$52$9
39 years$336$215$133$80$47$7
40 years$324$204$124$74$43$6
41 years$313$194$116$68$39$5
42 years$302$185$109$63$35$5
43 years$291$176$103$58$32$4
44 years$282$168$96$53$29$3
45 years$272$160$90$49$26$3
46 years$263$153$85$46$24$3
47 years$255$146$80$42$22$2
48 years$247$139$75$39$20$2
49 years$239$133$70$36$18$2
50 years$231$127$66$33$16$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $237,000, adding $2,768 every year, while hoping to spend $20,302 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: 46/47/7 Blend
56$237,000$237,000$237,000$237,000
57$264,029$251,468$247,795$275,543
58$269,359$242,189$234,495$274,476
59$274,552$231,775$220,069$270,979
60$279,573$220,148$204,457$266,714
61$284,382$207,228$187,599$261,614
62$288,935$192,928$169,430$255,611
63$293,181$177,157$149,881$248,630
64$297,067$159,818$128,883$240,589
65$300,529$140,811$106,362$231,403
66$303,498$120,026$82,241$220,977
67$305,899$97,351$56,440$209,211
68$307,645$72,666$28,875$195,996
69$308,641$45,843$0$181,216
70$308,782$16,749$0$164,784
71$307,950$0$0$148,828
72$306,015$0$0$138,683
73$302,832$0$0$136,551
74$298,240$0$0$133,689
75$292,063$0$0$130,007
76$284,103$0$0$125,403
77$274,142$0$0$119,768
78$261,938$0$0$112,976
79$247,224$0$0$104,894
80$229,704$0$0$95,369
81$209,051$0$0$84,236
82$184,903$0$0$71,310
83$156,859$0$0$56,388
84$124,478$0$0$39,244
85$87,269$0$0$19,631
86$44,693$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0