Can I retire at age 57 with 333,000?

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 $333,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$27,499$27,254$27,015$26,782$26,554$26,353
2 years$13,613$13,360$13,114$12,876$12,645$12,443
3 years$8,985$8,731$8,486$8,250$8,022$7,825
4 years$6,672$6,418$6,175$5,943$5,722$5,530
5 years$5,284$5,032$4,792$4,565$4,349$4,165
6 years$4,359$4,109$3,873$3,651$3,442$3,264
7 years$3,699$3,451$3,218$3,001$2,799$2,628
8 years$3,204$2,958$2,729$2,518$2,322$2,158
9 years$2,819$2,575$2,351$2,145$1,955$1,799
10 years$2,511$2,270$2,050$1,849$1,666$1,516
11 years$2,260$2,021$1,804$1,609$1,433$1,290
12 years$2,050$1,814$1,601$1,411$1,242$1,105
13 years$1,873$1,639$1,431$1,246$1,083$953
14 years$1,721$1,490$1,286$1,106$949$826
15 years$1,590$1,361$1,161$986$836$718
16 years$1,475$1,249$1,052$883$739$627
17 years$1,374$1,150$958$794$655$549
18 years$1,284$1,063$874$715$582$482
19 years$1,204$985$800$646$519$425
20 years$1,132$915$734$585$464$374
21 years$1,067$853$675$531$415$331
22 years$1,007$796$623$483$372$292
23 years$953$744$575$440$334$259
24 years$904$697$532$401$300$230
25 years$859$654$492$366$270$204
26 years$817$615$457$335$243$181
27 years$778$579$424$307$219$161
28 years$742$545$394$281$198$143
29 years$709$515$367$258$179$127
30 years$678$486$342$236$161$114
31 years$649$459$319$217$146$101
32 years$622$435$297$200$132$90
33 years$596$412$278$183$119$80
34 years$572$390$259$169$108$72
35 years$550$370$242$155$98$64
36 years$529$351$227$143$89$57
37 years$509$334$212$132$80$51
38 years$490$317$199$122$73$46
39 years$472$301$186$112$66$41
40 years$455$287$175$103$60$36
41 years$439$273$164$95$54$32
42 years$424$260$154$88$49$29
43 years$409$248$144$81$45$26
44 years$396$236$135$75$41$23
45 years$382$225$127$69$37$21
46 years$370$215$119$64$34$18
47 years$358$205$112$59$30$17
48 years$347$196$105$55$28$15
49 years$336$187$99$50$25$13
50 years$325$179$93$47$23$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $333,000, adding $3,241 every year, while hoping to spend $20,033 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: 50/40/10 Blend
56$333,000$333,000$333,000$333,000
57$370,309$352,660$347,499$387,683
58$386,766$348,625$337,825$395,882
59$404,229$343,722$327,156$402,393
60$422,782$337,885$315,436$409,007
61$442,512$331,048$302,610$415,737
62$463,518$323,139$288,617$422,601
63$485,907$314,083$273,396$429,620
64$509,795$303,799$256,880$436,818
65$535,311$292,202$239,002$444,223
66$562,595$279,202$219,692$451,868
67$591,802$264,705$198,874$459,791
68$623,101$248,610$176,470$468,033
69$656,676$230,811$152,401$476,644
70$692,731$211,196$126,581$485,682
71$731,490$189,645$98,922$495,209
72$773,198$166,033$69,332$505,298
73$818,123$140,228$37,713$516,033
74$866,562$112,089$3,967$527,507
75$918,838$81,468$0$539,826
76$975,310$48,210$0$556,529
77$1,036,367$12,148$0$575,006
78$1,102,443$0$0$594,997
79$1,174,009$0$0$628,523
80$1,251,588$0$0$670,690
81$1,335,751$0$0$716,468
82$1,427,129$0$0$766,202
83$1,526,414$0$0$820,273
84$1,634,368$0$0$879,101
85$1,751,829$0$0$943,147
86$1,879,720$0$0$1,012,919
87$2,019,056$0$0$1,088,975
88$2,170,954$0$0$1,171,929
89$2,336,644$0$0$1,262,460
90$2,517,477$0$0$1,361,310
91$2,714,944$0$0$1,469,301
92$2,930,684$0$0$1,587,335
93$3,166,503$0$0$1,716,406
94$3,424,387$0$0$1,857,607
95$3,706,524$0$0$2,012,144
96$4,015,324$0$0$2,181,344
97$4,353,440$0$0$2,366,666
98$4,723,794$0$0$2,569,720
99$5,129,601$0$0$2,792,278
100$5,574,407$0$0$3,036,290