Can I retire at age 57 with 303,000?

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 $303,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$25,021$24,799$24,581$24,369$24,162$24,040
2 years$12,387$12,156$11,933$11,716$11,506$11,382
3 years$8,176$7,944$7,721$7,506$7,300$7,179
4 years$6,071$5,840$5,619$5,408$5,206$5,089
5 years$4,808$4,578$4,361$4,154$3,958$3,845
6 years$3,967$3,739$3,524$3,322$3,132$3,023
7 years$3,366$3,140$2,928$2,731$2,547$2,442
8 years$2,915$2,691$2,484$2,291$2,113$2,012
9 years$2,565$2,343$2,139$1,951$1,779$1,683
10 years$2,285$2,065$1,865$1,682$1,516$1,424
11 years$2,056$1,839$1,642$1,464$1,304$1,216
12 years$1,866$1,650$1,457$1,284$1,130$1,046
13 years$1,704$1,491$1,302$1,134$985$905
14 years$1,566$1,356$1,170$1,006$864$787
15 years$1,447$1,238$1,056$897$760$688
16 years$1,342$1,136$957$804$672$603
17 years$1,250$1,046$871$722$596$530
18 years$1,169$967$795$651$530$468
19 years$1,095$896$728$588$472$413
20 years$1,030$833$668$533$422$366
21 years$970$776$615$483$378$325
22 years$917$724$566$439$338$288
23 years$867$677$523$400$304$257
24 years$822$635$484$365$273$229
25 years$781$595$448$333$246$204
26 years$743$560$416$305$221$182
27 years$708$527$386$279$200$162
28 years$675$496$359$256$180$145
29 years$645$468$334$234$163$130
30 years$617$442$311$215$147$116
31 years$590$418$290$198$133$104
32 years$566$396$270$182$120$93
33 years$543$375$253$167$109$84
34 years$521$355$236$154$98$75
35 years$500$337$221$141$89$67
36 years$481$320$206$130$81$60
37 years$463$304$193$120$73$54
38 years$446$288$181$111$66$49
39 years$430$274$169$102$60$44
40 years$414$261$159$94$55$39
41 years$400$248$149$87$50$35
42 years$386$237$140$80$45$32
43 years$373$225$131$74$41$28
44 years$360$215$123$68$37$25
45 years$348$205$116$63$34$23
46 years$337$195$109$58$31$21
47 years$326$187$102$54$28$18
48 years$315$178$96$50$25$17
49 years$305$170$90$46$23$15
50 years$296$162$85$42$21$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $303,000, adding $4,356 every year, while hoping to spend $25,232 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: 62/17/21 Blend
56$303,000$303,000$303,000$303,000
57$338,399$322,340$317,644$357,277
58$346,069$311,288$301,438$359,493
59$353,676$298,849$283,844$358,720
60$361,186$284,928$264,788$357,302
61$368,563$269,425$244,194$355,178
62$375,764$252,234$221,982$352,285
63$382,742$233,244$198,069$348,551
64$389,444$212,335$172,366$343,901
65$395,811$189,384$144,785$338,252
66$401,777$164,257$115,228$331,515
67$407,268$136,815$83,598$323,593
68$412,201$106,910$49,790$314,381
69$416,483$74,387$13,696$303,764
70$420,014$39,081$0$291,619
71$422,677$818$0$283,374
72$424,346$0$0$276,955
73$424,880$0$0$276,754
74$424,122$0$0$275,809
75$421,898$0$0$273,850
76$418,013$0$0$270,742
77$412,255$0$0$266,340
78$404,385$0$0$260,480
79$394,140$0$0$252,982
80$381,228$0$0$243,646
81$365,325$0$0$232,250
82$346,075$0$0$218,551
83$323,081$0$0$202,277
84$295,906$0$0$183,128
85$264,064$0$0$160,772
86$227,021$0$0$134,844
87$184,184$0$0$104,938
88$134,899$0$0$70,606
89$78,443$0$0$31,354
90$14,016$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