Can I retire at age 57 with 346,000?

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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$28,572$28,318$28,070$27,827$27,591$27,033
2 years$14,145$13,881$13,626$13,378$13,138$12,580
3 years$9,336$9,072$8,817$8,572$8,336$7,792
4 years$6,932$6,669$6,416$6,175$5,945$5,422
5 years$5,490$5,228$4,979$4,743$4,519$4,017
6 years$4,529$4,269$4,024$3,793$3,576$3,096
7 years$3,843$3,585$3,344$3,119$2,908$2,450
8 years$3,329$3,073$2,836$2,616$2,413$1,977
9 years$2,929$2,676$2,443$2,228$2,032$1,617
10 years$2,609$2,359$2,130$1,921$1,731$1,338
11 years$2,348$2,100$1,875$1,672$1,489$1,116
12 years$2,130$1,885$1,664$1,466$1,290$938
13 years$1,946$1,703$1,487$1,295$1,125$792
14 years$1,789$1,548$1,336$1,149$986$672
15 years$1,652$1,414$1,206$1,025$868$573
16 years$1,533$1,298$1,093$918$767$490
17 years$1,428$1,195$995$825$680$419
18 years$1,334$1,104$908$743$605$360
19 years$1,251$1,023$831$671$539$310
20 years$1,176$951$763$608$482$267
21 years$1,108$886$702$552$431$230
22 years$1,047$827$647$502$386$199
23 years$991$773$597$457$347$172
24 years$939$725$552$417$312$149
25 years$892$680$512$381$281$129
26 years$849$639$474$348$253$112
27 years$808$601$441$319$228$97
28 years$771$567$410$292$206$84
29 years$737$535$381$268$186$73
30 years$704$505$355$246$168$63
31 years$674$477$331$226$152$55
32 years$646$452$309$207$137$48
33 years$620$428$288$191$124$42
34 years$595$405$269$175$112$36
35 years$572$384$252$161$102$31
36 years$550$365$236$149$92$27
37 years$529$347$221$137$84$24
38 years$509$329$207$126$76$21
39 years$491$313$194$116$69$18
40 years$473$298$181$107$62$16
41 years$456$284$170$99$57$14
42 years$441$270$160$91$51$12
43 years$425$257$150$84$47$10
44 years$411$245$141$78$42$9
45 years$397$234$132$72$38$8
46 years$384$223$124$67$35$7
47 years$372$213$116$61$32$6
48 years$360$203$109$57$29$5
49 years$349$194$103$52$26$4
50 years$338$185$97$48$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $346,000, adding $4,833 every year, while hoping to spend $30,531 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: 83/11/6 Blend
56$346,000$346,000$346,000$346,000
57$386,277$367,939$362,576$417,793
58$393,193$353,484$342,238$424,639
59$399,790$337,296$320,195$427,533
60$406,006$319,260$296,358$429,756
61$411,766$299,252$270,633$431,220
62$416,991$277,140$242,924$431,833
63$421,590$252,786$213,129$431,489
64$425,463$226,044$181,140$430,072
65$428,499$196,759$146,847$427,457
66$430,574$164,767$110,134$423,503
67$431,548$129,897$70,879$418,057
68$431,270$91,965$28,957$410,950
69$429,567$50,779$0$401,996
70$426,251$6,136$0$391,999
71$421,113$0$0$381,769
72$413,919$0$0$374,316
73$404,412$0$0$365,485
74$392,305$0$0$354,273
75$377,283$0$0$340,389
76$358,995$0$0$323,514
77$337,054$0$0$303,292
78$311,029$0$0$279,331
79$280,448$0$0$251,197
80$244,784$0$0$218,410
81$203,459$0$0$180,438
82$155,830$0$0$136,695
83$101,188$0$0$86,533
84$38,752$0$0$29,235
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0