Can I retire at age 57 with 320,000?

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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$26,425$26,190$25,960$25,736$25,517$24,612
2 years$13,082$12,838$12,602$12,373$12,151$11,249
3 years$8,635$8,390$8,154$7,928$7,709$6,838
4 years$6,411$6,167$5,934$5,711$5,498$4,665
5 years$5,078$4,835$4,605$4,387$4,180$3,386
6 years$4,189$3,948$3,722$3,508$3,307$2,555
7 years$3,555$3,316$3,093$2,884$2,690$1,978
8 years$3,079$2,842$2,623$2,420$2,231$1,559
9 years$2,709$2,475$2,259$2,061$1,879$1,246
10 years$2,413$2,181$1,970$1,777$1,601$1,006
11 years$2,172$1,942$1,734$1,546$1,377$819
12 years$1,970$1,743$1,539$1,356$1,193$670
13 years$1,800$1,575$1,375$1,197$1,041$552
14 years$1,654$1,432$1,235$1,063$912$456
15 years$1,528$1,308$1,115$948$803$378
16 years$1,418$1,200$1,011$849$710$314
17 years$1,320$1,105$920$763$629$261
18 years$1,234$1,021$840$687$560$218
19 years$1,157$946$769$621$499$182
20 years$1,088$880$706$562$446$152
21 years$1,025$819$649$510$399$128
22 years$968$765$598$464$357$107
23 years$916$715$552$423$321$90
24 years$869$670$511$385$288$75
25 years$825$629$473$352$259$63
26 years$785$591$439$322$234$53
27 years$748$556$408$295$211$45
28 years$713$524$379$270$190$37
29 years$681$494$353$248$172$32
30 years$651$467$328$227$155$27
31 years$624$441$306$209$140$22
32 years$597$418$286$192$127$19
33 years$573$396$267$176$115$16
34 years$550$375$249$162$104$13
35 years$529$356$233$149$94$11
36 years$508$338$218$138$85$9
37 years$489$321$204$127$77$8
38 years$471$305$191$117$70$7
39 years$454$290$179$108$64$6
40 years$437$276$168$99$58$5
41 years$422$262$157$92$52$4
42 years$407$250$148$85$47$3
43 years$393$238$138$78$43$3
44 years$380$227$130$72$39$2
45 years$368$216$122$67$35$2
46 years$356$206$115$62$32$2
47 years$344$197$108$57$29$1
48 years$333$188$101$53$27$1
49 years$322$180$95$49$24$1
50 years$312$172$89$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $320,000, adding $2,853 every year, while hoping to spend $23,640 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: 44/44/12 Blend
56$320,000$320,000$320,000$320,000
57$355,583$338,623$333,663$369,883
58$366,700$330,063$319,688$371,569
59$378,158$320,291$304,452$370,781
60$389,968$309,222$287,889$369,402
61$402,139$296,769$269,928$367,387
62$414,682$282,836$250,496$364,690
63$427,608$267,323$229,515$361,258
64$440,927$250,124$206,907$357,039
65$454,650$231,129$182,587$351,977
66$468,788$210,219$156,468$346,011
67$483,353$187,268$128,458$339,078
68$498,356$162,145$98,463$331,111
69$513,810$134,711$66,382$322,039
70$529,725$104,818$32,112$311,787
71$546,113$72,311$0$300,275
72$562,988$37,026$0$287,992
73$580,361$0$0$278,701
74$598,244$0$0$268,795
75$616,650$0$0$277,049
76$635,590$0$0$285,542
77$655,079$0$0$294,278
78$675,126$0$0$303,263
79$695,746$0$0$312,502
80$716,948$0$0$322,000
81$738,746$0$0$331,762
82$761,151$0$0$341,792
83$784,172$0$0$352,096
84$807,822$0$0$362,677
85$832,109$0$0$373,539
86$857,043$0$0$384,686
87$882,632$0$0$396,121
88$908,884$0$0$407,847
89$935,804$0$0$419,865
90$963,398$0$0$432,178
91$991,670$0$0$444,785
92$1,020,619$0$0$457,686
93$1,050,248$0$0$470,881
94$1,080,552$0$0$484,366
95$1,111,528$0$0$498,139
96$1,143,167$0$0$512,195
97$1,175,459$0$0$526,526
98$1,208,389$0$0$541,125
99$1,241,938$0$0$555,981
100$1,276,083$0$0$571,082