Can I retire at age 57 with 283,000?

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 $283,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$23,370$23,162$22,959$22,760$22,567$21,941
2 years$11,569$11,354$11,145$10,942$10,746$10,120
3 years$7,636$7,420$7,212$7,011$6,818$6,212
4 years$5,670$5,454$5,248$5,051$4,862$4,281
5 years$4,491$4,276$4,073$3,880$3,696$3,140
6 years$3,705$3,492$3,291$3,103$2,925$2,395
7 years$3,144$2,932$2,735$2,551$2,379$1,875
8 years$2,723$2,514$2,320$2,140$1,973$1,496
9 years$2,396$2,189$1,998$1,823$1,662$1,210
10 years$2,134$1,929$1,742$1,571$1,416$989
11 years$1,920$1,717$1,533$1,367$1,218$816
12 years$1,742$1,541$1,361$1,199$1,055$677
13 years$1,592$1,393$1,216$1,059$920$565
14 years$1,463$1,266$1,092$940$807$473
15 years$1,351$1,157$986$838$710$398
16 years$1,254$1,061$894$751$628$335
17 years$1,168$977$814$674$557$283
18 years$1,091$903$743$608$495$240
19 years$1,023$837$680$549$441$203
20 years$962$778$624$497$394$173
21 years$906$725$574$451$353$147
22 years$856$676$529$410$316$125
23 years$810$633$489$374$284$107
24 years$768$593$452$341$255$91
25 years$730$556$418$311$229$78
26 years$694$523$388$285$207$66
27 years$661$492$360$261$186$57
28 years$631$464$335$239$168$48
29 years$602$437$312$219$152$41
30 years$576$413$290$201$137$35
31 years$551$390$271$185$124$30
32 years$528$369$253$170$112$26
33 years$507$350$236$156$102$22
34 years$487$332$220$143$92$19
35 years$467$314$206$132$83$16
36 years$449$298$193$122$75$14
37 years$433$283$180$112$68$12
38 years$416$269$169$103$62$10
39 years$401$256$158$95$56$9
40 years$387$244$148$88$51$7
41 years$373$232$139$81$46$6
42 years$360$221$130$75$42$5
43 years$348$211$122$69$38$5
44 years$336$201$115$64$35$4
45 years$325$191$108$59$31$3
46 years$314$183$101$54$29$3
47 years$304$174$95$50$26$2
48 years$295$166$89$46$24$2
49 years$285$159$84$43$21$2
50 years$276$152$79$40$19$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $283,000, adding $3,161 every year, while hoping to spend $22,313 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: 66/27/7 Blend
56$283,000$283,000$283,000$283,000
57$315,127$300,128$295,741$335,328
58$323,529$291,093$281,908$340,118
59$332,040$280,868$266,863$342,386
60$340,648$269,370$250,543$344,273
61$349,338$256,514$232,880$345,741
62$358,094$242,206$213,805$346,745
63$366,897$226,351$193,244$347,239
64$375,724$208,846$171,121$347,173
65$384,550$189,582$147,357$346,492
66$393,348$168,445$121,867$345,137
67$402,084$145,314$94,565$343,044
68$410,724$120,061$65,359$340,145
69$419,224$92,551$34,155$336,363
70$427,540$62,641$855$331,617
71$435,619$30,180$0$325,821
72$443,403$0$0$321,469
73$450,826$0$0$317,587
74$457,816$0$0$322,346
75$464,290$0$0$326,720
76$470,158$0$0$330,642
77$475,317$0$0$334,038
78$479,655$0$0$336,825
79$483,044$0$0$338,911
80$485,345$0$0$340,193
81$486,400$0$0$340,557
82$486,037$0$0$339,877
83$484,063$0$0$338,012
84$480,264$0$0$334,806
85$474,403$0$0$330,086
86$466,215$0$0$323,660
87$455,411$0$0$315,316
88$441,666$0$0$304,818
89$424,623$0$0$291,905
90$403,885$0$0$276,289
91$379,015$0$0$257,650
92$349,527$0$0$235,636
93$314,885$0$0$209,854
94$274,495$0$0$179,874
95$227,701$0$0$145,217
96$173,778$0$0$105,355
97$111,924$0$0$59,705
98$41,255$0$0$7,623
99$0$0$0$0
100$0$0$0$0