Can I retire at age 57 with 338,000?

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 $338,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$27,912$27,663$27,421$27,184$26,953$26,174
2 years$13,818$13,560$13,311$13,069$12,835$12,056
3 years$9,120$8,862$8,613$8,374$8,143$7,389
4 years$6,772$6,514$6,268$6,033$5,807$5,084
5 years$5,363$5,107$4,864$4,634$4,415$3,724
6 years$4,425$4,171$3,931$3,706$3,493$2,836
7 years$3,754$3,502$3,267$3,047$2,841$2,217
8 years$3,252$3,002$2,770$2,556$2,357$1,765
9 years$2,861$2,614$2,386$2,177$1,985$1,425
10 years$2,549$2,304$2,080$1,876$1,691$1,163
11 years$2,294$2,051$1,831$1,633$1,454$957
12 years$2,081$1,841$1,625$1,432$1,260$792
13 years$1,901$1,664$1,452$1,265$1,099$660
14 years$1,747$1,512$1,305$1,123$963$551
15 years$1,614$1,382$1,178$1,001$848$463
16 years$1,497$1,268$1,068$896$750$389
17 years$1,395$1,167$972$805$665$328
18 years$1,304$1,079$887$726$591$277
19 years$1,222$1,000$812$656$527$235
20 years$1,149$929$745$594$471$199
21 years$1,083$865$686$539$421$169
22 years$1,022$808$632$490$377$143
23 years$968$755$583$446$339$122
24 years$917$708$540$407$305$104
25 years$871$664$500$372$274$88
26 years$829$624$464$340$247$75
27 years$790$588$430$311$223$64
28 years$753$554$400$285$201$55
29 years$720$522$372$261$181$46
30 years$688$493$347$240$164$40
31 years$659$466$323$220$148$34
32 years$631$441$302$203$134$29
33 years$605$418$282$186$121$25
34 years$581$396$263$171$110$21
35 years$558$376$246$158$99$18
36 years$537$356$230$145$90$15
37 years$517$339$215$134$82$13
38 years$497$322$202$123$74$11
39 years$479$306$189$114$67$10
40 years$462$291$177$105$61$8
41 years$446$277$166$97$55$7
42 years$430$264$156$89$50$6
43 years$416$251$146$82$45$5
44 years$402$240$137$76$41$4
45 years$388$229$129$70$37$4
46 years$376$218$121$65$34$3
47 years$363$208$114$60$31$3
48 years$352$199$107$55$28$2
49 years$341$190$100$51$25$2
50 years$330$181$94$47$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $338,000, adding $6,357 every year, while hoping to spend $23,734 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: 63/12/25 Blend
56$338,000$338,000$338,000$338,000
57$379,033$361,119$355,880$400,041
58$392,442$353,561$342,549$407,452
59$406,423$344,838$327,977$412,357
60$421,009$334,866$312,095$417,190
61$436,237$323,559$294,835$421,945
62$452,145$310,825$276,124$426,621
63$468,775$296,567$255,885$431,213
64$486,172$280,681$234,040$435,720
65$504,386$263,059$210,504$440,142
66$523,469$243,585$185,192$444,476
67$543,480$222,137$158,013$448,726
68$564,480$198,586$128,871$452,894
69$586,537$172,797$97,668$456,985
70$609,725$144,626$64,302$461,003
71$634,124$113,919$28,663$464,960
72$659,821$80,518$0$468,865
73$686,911$44,252$0$475,233
74$715,499$4,943$0$489,904
75$745,695$0$0$505,278
76$777,624$0$0$526,380
77$811,419$0$0$549,418
78$847,227$0$0$573,840
79$885,209$0$0$599,756
80$925,539$0$0$627,290
81$968,409$0$0$656,571
82$1,014,029$0$0$687,747
83$1,062,627$0$0$720,975
84$1,114,455$0$0$756,429
85$1,169,787$0$0$794,299
86$1,228,926$0$0$834,795
87$1,292,202$0$0$878,145
88$1,359,976$0$0$924,600
89$1,432,646$0$0$974,435
90$1,510,648$0$0$1,027,953
91$1,594,460$0$0$1,085,484
92$1,684,608$0$0$1,147,393
93$1,781,667$0$0$1,214,079
94$1,886,270$0$0$1,285,982
95$1,999,114$0$0$1,363,582
96$2,120,962$0$0$1,447,410
97$2,252,654$0$0$1,538,048
98$2,395,112$0$0$1,636,135
99$2,549,350$0$0$1,742,376
100$2,716,483$0$0$1,857,542