Can I retire at age 57 with 273,000?

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 $273,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$22,544$22,343$22,147$21,956$21,769$20,906
2 years$11,160$10,953$10,751$10,556$10,366$9,507
3 years$7,366$7,158$6,957$6,763$6,577$5,749
4 years$5,470$5,262$5,063$4,873$4,691$3,900
5 years$4,332$4,125$3,929$3,743$3,566$2,815
6 years$3,574$3,369$3,175$2,993$2,821$2,111
7 years$3,032$2,829$2,639$2,461$2,295$1,624
8 years$2,627$2,425$2,238$2,064$1,904$1,272
9 years$2,311$2,111$1,927$1,758$1,603$1,009
10 years$2,059$1,861$1,680$1,516$1,366$809
11 years$1,853$1,657$1,479$1,319$1,175$654
12 years$1,681$1,487$1,313$1,157$1,018$531
13 years$1,536$1,344$1,173$1,021$888$434
14 years$1,411$1,221$1,054$907$778$356
15 years$1,304$1,116$952$809$685$293
16 years$1,209$1,024$863$724$606$241
17 years$1,127$943$785$651$537$199
18 years$1,053$871$717$586$477$165
19 years$987$807$656$530$426$137
20 years$928$750$602$480$380$113
21 years$874$699$554$435$340$94
22 years$826$652$510$396$305$78
23 years$782$610$471$361$274$65
24 years$741$572$436$329$246$54
25 years$704$537$404$300$221$45
26 years$670$504$374$275$199$37
27 years$638$475$348$251$180$31
28 years$608$447$323$230$162$26
29 years$581$422$301$211$146$22
30 years$556$398$280$194$132$18
31 years$532$377$261$178$120$15
32 years$510$356$244$164$108$13
33 years$489$337$228$150$98$10
34 years$469$320$213$138$89$9
35 years$451$303$199$127$80$7
36 years$434$288$186$117$73$6
37 years$417$273$174$108$66$5
38 years$402$260$163$100$60$4
39 years$387$247$153$92$54$4
40 years$373$235$143$85$49$3
41 years$360$224$134$78$45$2
42 years$348$213$126$72$40$2
43 years$336$203$118$67$37$2
44 years$324$194$111$62$33$1
45 years$314$185$104$57$30$1
46 years$303$176$98$52$27$1
47 years$293$168$92$48$25$1
48 years$284$160$86$45$23$1
49 years$275$153$81$41$21$1
50 years$267$146$76$38$19$0

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $273,000, adding $4,502 every year, while hoping to spend $20,092 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: 53/18/29 Blend
56$273,000$273,000$273,000$273,000
57$305,490$291,021$286,789$318,993
58$315,272$283,903$275,019$321,724
59$325,379$275,763$262,181$322,291
60$335,822$266,530$248,218$322,512
61$346,613$256,128$233,071$322,363
62$357,766$244,477$216,678$321,818
63$369,295$231,492$198,973$320,848
64$381,213$217,085$179,889$319,426
65$393,536$201,161$159,354$317,521
66$406,278$183,621$137,294$315,100
67$419,458$164,357$113,633$312,132
68$433,092$143,260$88,289$308,579
69$447,198$120,210$61,177$304,407
70$461,795$95,084$32,210$299,575
71$476,905$67,750$1,296$294,045
72$492,548$38,068$0$287,772
73$508,747$5,893$0$290,520
74$525,526$0$0$293,501
75$542,911$0$0$302,027
76$560,928$0$0$312,076
77$579,605$0$0$322,495
78$598,974$0$0$333,303
79$619,067$0$0$344,517
80$639,917$0$0$356,158
81$661,561$0$0$368,245
82$684,040$0$0$380,802
83$707,393$0$0$393,853
84$731,666$0$0$407,421
85$756,907$0$0$421,536
86$783,167$0$0$436,226
87$810,500$0$0$451,523
88$838,966$0$0$467,461
89$868,629$0$0$484,075
90$899,555$0$0$501,405
91$931,820$0$0$519,494
92$965,501$0$0$538,387
93$1,000,685$0$0$558,132
94$1,037,463$0$0$578,784
95$1,075,937$0$0$600,399
96$1,116,213$0$0$623,040
97$1,158,410$0$0$646,775
98$1,202,653$0$0$671,677
99$1,249,080$0$0$697,825
100$1,297,842$0$0$725,306