Can I retire at age 57 with 279,000?

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 $279,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$23,040$22,834$22,634$22,439$22,248$21,596
2 years$11,406$11,193$10,987$10,788$10,594$9,943
3 years$7,528$7,315$7,110$6,912$6,721$6,091
4 years$5,590$5,377$5,174$4,980$4,794$4,189
5 years$4,427$4,216$4,015$3,825$3,644$3,067
6 years$3,652$3,443$3,245$3,059$2,883$2,334
7 years$3,099$2,891$2,697$2,515$2,345$1,823
8 years$2,684$2,478$2,287$2,110$1,945$1,451
9 years$2,362$2,158$1,970$1,797$1,638$1,171
10 years$2,104$1,902$1,717$1,549$1,396$955
11 years$1,893$1,693$1,512$1,348$1,201$785
12 years$1,718$1,520$1,342$1,182$1,040$650
13 years$1,569$1,373$1,199$1,044$907$541
14 years$1,442$1,248$1,077$927$795$452
15 years$1,332$1,140$972$826$700$379
16 years$1,236$1,046$882$740$619$318
17 years$1,151$964$802$665$549$268
18 years$1,076$890$732$599$488$226
19 years$1,009$825$670$541$435$191
20 years$948$767$615$490$388$162
21 years$894$714$566$445$348$137
22 years$844$667$522$405$312$117
23 years$799$624$482$368$280$99
24 years$757$584$445$336$251$84
25 years$719$548$413$307$226$72
26 years$684$515$383$281$204$61
27 years$652$485$355$257$184$52
28 years$622$457$330$235$166$44
29 years$594$431$307$216$150$38
30 years$568$407$286$198$135$32
31 years$544$385$267$182$122$27
32 years$521$364$249$167$111$23
33 years$500$345$233$154$100$20
34 years$480$327$217$141$91$17
35 years$461$310$203$130$82$14
36 years$443$294$190$120$74$12
37 years$426$279$178$110$67$10
38 years$411$266$167$102$61$9
39 years$396$253$156$94$55$8
40 years$381$240$146$87$50$7
41 years$368$229$137$80$46$6
42 years$355$218$129$74$41$5
43 years$343$208$121$68$38$4
44 years$331$198$113$63$34$3
45 years$320$189$106$58$31$3
46 years$310$180$100$54$28$3
47 years$300$172$94$50$26$2
48 years$290$164$88$46$23$2
49 years$281$157$83$42$21$2
50 years$272$150$78$39$19$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $279,000, adding $3,877 every year, while hoping to spend $20,780 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: 38/41/21 Blend
56$279,000$279,000$279,000$279,000
57$311,457$296,670$292,346$321,206
58$321,116$289,097$280,029$321,041
59$331,064$280,457$266,604$318,623
60$341,307$270,675$252,011$315,585
61$351,855$259,672$236,188$311,885
62$362,714$247,366$219,070$307,475
63$373,893$233,668$200,590$302,306
64$385,398$218,486$180,678$296,326
65$397,238$201,722$159,260$289,481
66$409,421$183,270$136,260$281,712
67$421,953$163,022$111,596$272,957
68$434,843$140,860$85,185$263,152
69$448,098$116,664$56,940$252,228
70$461,725$90,302$26,769$240,113
71$475,732$61,637$0$226,730
72$490,126$30,526$0$213,215
73$504,912$0$0$204,746
74$520,097$0$0$196,688
75$535,688$0$0$202,552
76$551,689$0$0$208,566
77$568,105$0$0$214,733
78$584,939$0$0$221,053
79$602,196$0$0$227,527
80$619,877$0$0$234,155
81$637,984$0$0$240,936
82$656,516$0$0$247,871
83$675,473$0$0$254,957
84$694,850$0$0$262,192
85$714,645$0$0$269,575
86$734,849$0$0$277,100
87$755,455$0$0$284,764
88$776,450$0$0$292,561
89$797,821$0$0$300,484
90$819,551$0$0$308,525
91$841,617$0$0$316,674
92$863,997$0$0$324,919
93$886,660$0$0$333,247
94$909,572$0$0$341,643
95$932,695$0$0$350,090
96$955,982$0$0$358,566
97$979,380$0$0$367,049
98$1,002,832$0$0$375,512
99$1,026,267$0$0$383,926
100$1,049,608$0$0$392,257