Can I retire at age 57 with 312,000?

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 $312,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$25,765$25,535$25,311$25,093$24,879$24,288
2 years$12,755$12,517$12,287$12,064$11,847$11,255
3 years$8,419$8,180$7,951$7,729$7,516$6,941
4 years$6,251$6,013$5,786$5,569$5,361$4,808
5 years$4,951$4,714$4,490$4,277$4,075$3,546
6 years$4,084$3,850$3,629$3,421$3,225$2,719
7 years$3,466$3,233$3,015$2,812$2,622$2,141
8 years$3,002$2,771$2,557$2,359$2,176$1,718
9 years$2,641$2,413$2,203$2,009$1,832$1,398
10 years$2,353$2,127$1,920$1,732$1,561$1,150
11 years$2,117$1,893$1,691$1,507$1,343$954
12 years$1,921$1,699$1,500$1,322$1,163$797
13 years$1,755$1,536$1,340$1,167$1,015$669
14 years$1,613$1,396$1,204$1,036$889$565
15 years$1,490$1,275$1,087$924$783$478
16 years$1,382$1,170$986$827$692$406
17 years$1,287$1,078$897$743$614$345
18 years$1,203$996$819$670$546$295
19 years$1,128$923$750$605$486$252
20 years$1,060$858$688$548$434$216
21 years$999$799$633$498$389$185
22 years$944$746$583$452$348$159
23 years$893$697$539$412$313$136
24 years$847$653$498$376$281$117
25 years$804$613$461$343$253$101
26 years$765$576$428$314$228$87
27 years$729$542$397$287$205$75
28 years$695$511$369$263$185$64
29 years$664$482$344$241$167$55
30 years$635$455$320$222$151$48
31 years$608$430$298$203$137$41
32 years$583$407$278$187$124$35
33 years$559$386$260$172$112$31
34 years$536$366$243$158$101$26
35 years$515$347$227$146$92$23
36 years$496$329$212$134$83$20
37 years$477$313$199$124$75$17
38 years$459$297$186$114$68$15
39 years$442$282$174$105$62$13
40 years$427$269$164$97$56$11
41 years$412$256$153$89$51$9
42 years$397$244$144$82$46$8
43 years$384$232$135$76$42$7
44 years$371$221$127$70$38$6
45 years$358$211$119$65$35$5
46 years$347$201$112$60$31$5
47 years$335$192$105$55$29$4
48 years$325$183$99$51$26$3
49 years$314$175$93$47$24$3
50 years$305$167$87$44$21$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $312,000, adding $3,493 every year, while hoping to spend $20,418 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: 83/7/10 Blend
56$312,000$312,000$312,000$312,000
57$347,427$330,891$326,055$375,443
58$361,140$325,380$315,253$388,781
59$375,567$318,915$303,405$400,340
60$390,760$311,427$290,455$412,413
61$406,775$302,844$276,342$425,039
62$423,672$293,089$261,005$438,261
63$441,518$282,082$244,380$452,129
64$460,385$269,736$226,399$466,694
65$480,352$255,961$206,992$482,015
66$501,506$240,661$186,084$498,157
67$523,940$223,734$163,598$515,190
68$547,758$205,073$139,455$533,192
69$573,072$184,564$113,569$552,250
70$600,006$162,088$85,854$572,459
71$628,694$137,518$56,217$593,922
72$659,284$110,720$24,564$616,756
73$691,938$81,552$0$641,088
74$726,832$49,865$0$668,041
75$764,162$15,501$0$699,649
76$804,141$0$0$733,469
77$847,001$0$0$771,376
78$892,999$0$0$813,343
79$942,417$0$0$858,435
80$995,563$0$0$906,933
81$1,052,775$0$0$959,148
82$1,114,427$0$0$1,015,419
83$1,180,927$0$0$1,076,121
84$1,252,724$0$0$1,141,664
85$1,330,311$0$0$1,212,499
86$1,414,231$0$0$1,289,123
87$1,505,081$0$0$1,372,080
88$1,603,514$0$0$1,461,970
89$1,710,253$0$0$1,559,451
90$1,826,090$0$0$1,665,250
91$1,951,895$0$0$1,780,161
92$2,088,629$0$0$1,905,063
93$2,237,345$0$0$2,040,920
94$2,399,203$0$0$2,188,793
95$2,575,482$0$0$2,349,849
96$2,767,584$0$0$2,525,374
97$2,977,058$0$0$2,716,781
98$3,205,604$0$0$2,925,627
99$3,455,095$0$0$3,153,625
100$3,727,594$0$0$3,402,661