Can I retire at age 57 with 319,000?

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 $319,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$26,343$26,108$25,879$25,656$25,438$25,235
2 years$13,041$12,798$12,563$12,334$12,113$11,909
3 years$8,608$8,364$8,129$7,903$7,685$7,486
4 years$6,391$6,148$5,916$5,694$5,481$5,288
5 years$5,062$4,820$4,591$4,373$4,167$3,980
6 years$4,176$3,936$3,710$3,497$3,297$3,117
7 years$3,543$3,306$3,083$2,875$2,681$2,509
8 years$3,069$2,833$2,615$2,412$2,224$2,059
9 years$2,701$2,467$2,252$2,055$1,873$1,715
10 years$2,406$2,175$1,963$1,771$1,596$1,445
11 years$2,165$1,936$1,729$1,541$1,373$1,228
12 years$1,964$1,738$1,534$1,352$1,190$1,052
13 years$1,794$1,570$1,371$1,194$1,037$906
14 years$1,649$1,427$1,231$1,059$909$785
15 years$1,523$1,304$1,112$945$801$682
16 years$1,413$1,196$1,008$846$708$595
17 years$1,316$1,102$917$760$627$521
18 years$1,230$1,018$837$685$558$457
19 years$1,153$944$767$619$497$402
20 years$1,084$877$704$561$444$354
21 years$1,022$817$647$509$397$313
22 years$965$762$596$463$356$276
23 years$913$713$551$421$320$245
24 years$866$668$509$384$287$217
25 years$822$627$472$351$259$192
26 years$782$589$437$321$233$171
27 years$745$554$406$294$210$152
28 years$711$523$378$269$190$135
29 years$679$493$351$247$171$120
30 years$649$466$327$226$155$107
31 years$622$440$305$208$140$95
32 years$596$416$285$191$126$85
33 years$571$394$266$176$114$75
34 years$548$374$248$162$104$67
35 years$527$354$232$149$94$60
36 years$507$336$217$137$85$53
37 years$488$320$203$126$77$48
38 years$469$304$190$116$70$42
39 years$452$289$178$107$63$38
40 years$436$275$167$99$57$34
41 years$421$262$157$91$52$30
42 years$406$249$147$84$47$27
43 years$392$237$138$78$43$24
44 years$379$226$130$72$39$21
45 years$366$216$122$66$35$19
46 years$354$206$114$61$32$17
47 years$343$196$107$57$29$15
48 years$332$187$101$52$26$14
49 years$321$179$95$48$24$12
50 years$311$171$89$45$22$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $319,000, adding $3,648 every year, while hoping to spend $22,288 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: 52/37/11 Blend
56$319,000$319,000$319,000$319,000
57$355,301$338,394$333,449$372,569
58$367,827$331,261$320,906$377,609
59$380,884$323,031$307,195$380,395
60$394,503$313,628$292,254$382,908
61$408,716$302,969$276,018$385,129
62$423,558$290,969$258,418$387,037
63$439,069$277,534$239,383$388,610
64$455,290$262,569$218,838$389,827
65$472,265$245,970$196,705$390,663
66$490,044$227,631$172,902$391,096
67$508,679$207,435$147,345$391,102
68$528,227$185,262$119,944$390,657
69$548,750$160,984$90,606$389,736
70$570,316$134,466$59,235$388,314
71$592,998$105,564$25,729$386,366
72$616,876$74,129$0$383,867
73$642,035$40,000$0$381,971
74$668,572$3,009$0$382,774
75$696,589$0$0$383,244
76$726,197$0$0$398,445
77$757,521$0$0$415,837
78$790,692$0$0$434,271
79$825,858$0$0$453,830
80$863,178$0$0$474,604
81$902,828$0$0$496,693
82$944,996$0$0$520,207
83$989,894$0$0$545,264
84$1,037,749$0$0$571,994
85$1,088,812$0$0$600,541
86$1,143,358$0$0$631,061
87$1,201,688$0$0$663,726
88$1,264,130$0$0$698,724
89$1,331,048$0$0$736,262
90$1,402,838$0$0$776,567
91$1,479,935$0$0$819,886
92$1,562,817$0$0$866,493
93$1,652,009$0$0$916,688
94$1,748,087$0$0$970,800
95$1,851,683$0$0$1,029,191
96$1,963,492$0$0$1,092,257
97$2,084,279$0$0$1,160,437
98$2,214,882$0$0$1,234,208
99$2,356,224$0$0$1,314,100
100$2,509,319$0$0$1,400,692