Can I retire at age 57 with 348,000?

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 $348,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$28,738$28,482$28,232$27,988$27,750$26,670
2 years$14,226$13,962$13,705$13,456$13,214$12,139
3 years$9,390$9,124$8,868$8,621$8,384$7,348
4 years$6,972$6,707$6,454$6,211$5,979$4,990
5 years$5,522$5,258$5,008$4,771$4,545$3,605
6 years$4,556$4,294$4,047$3,815$3,597$2,706
7 years$3,866$3,606$3,363$3,137$2,925$2,084
8 years$3,348$3,091$2,852$2,631$2,427$1,634
9 years$2,946$2,691$2,457$2,241$2,044$1,299
10 years$2,624$2,372$2,142$1,932$1,741$1,043
11 years$2,362$2,112$1,886$1,681$1,497$844
12 years$2,143$1,896$1,673$1,475$1,298$687
13 years$1,958$1,713$1,495$1,302$1,132$562
14 years$1,799$1,557$1,343$1,156$992$461
15 years$1,662$1,422$1,213$1,031$873$380
16 years$1,542$1,305$1,100$923$772$313
17 years$1,436$1,202$1,001$829$684$259
18 years$1,342$1,111$913$747$609$215
19 years$1,258$1,029$836$675$542$178
20 years$1,183$956$767$612$485$148
21 years$1,115$891$706$555$434$123
22 years$1,053$832$651$505$389$103
23 years$996$778$601$460$349$85
24 years$945$729$556$419$314$71
25 years$897$684$515$383$282$59
26 years$853$643$477$350$254$49
27 years$813$605$443$320$229$41
28 years$776$570$412$294$207$34
29 years$741$538$383$269$187$29
30 years$708$508$357$247$169$24
31 years$678$480$333$227$153$20
32 years$650$454$311$209$138$17
33 years$623$430$290$192$125$14
34 years$598$408$271$176$113$12
35 years$575$387$253$162$102$10
36 years$553$367$237$150$93$8
37 years$532$349$222$138$84$7
38 years$512$331$208$127$76$6
39 years$493$315$195$117$69$5
40 years$476$300$182$108$63$4
41 years$459$285$171$100$57$3
42 years$443$272$160$92$52$3
43 years$428$259$151$85$47$2
44 years$413$247$141$78$43$2
45 years$400$235$133$72$39$2
46 years$387$224$125$67$35$1
47 years$374$214$117$62$32$1
48 years$362$205$110$57$29$1
49 years$351$195$103$53$26$1
50 years$340$187$97$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $348,000, adding $2,259 every year, while hoping to spend $20,804 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: 57/30/13 Blend
56$348,000$348,000$348,000$348,000
57$385,826$367,382$361,988$406,423
58$403,045$363,249$351,979$416,482
59$421,323$358,215$340,938$424,950
60$440,746$352,216$328,808$433,688
61$461,409$345,181$315,529$442,726
62$483,414$337,036$301,041$452,097
63$506,874$327,702$285,277$461,839
64$531,912$317,097$268,171$471,994
65$558,665$305,133$249,653$482,610
66$587,280$291,715$229,648$493,741
67$617,920$276,747$208,078$505,448
68$650,764$260,124$184,865$517,799
69$686,007$241,735$159,923$530,872
70$723,864$221,464$133,165$544,753
71$764,571$199,189$104,499$559,540
72$808,387$174,778$73,829$575,340
73$855,595$148,095$41,055$592,276
74$906,508$118,995$6,073$610,484
75$961,469$87,323$0$630,117
76$1,020,855$52,918$0$655,682
77$1,085,080$15,608$0$684,213
78$1,154,599$0$0$715,096
79$1,229,912$0$0$756,769
80$1,311,569$0$0$807,564
81$1,400,176$0$0$862,709
82$1,496,399$0$0$922,621
83$1,600,968$0$0$987,759
84$1,714,689$0$0$1,058,629
85$1,838,448$0$0$1,135,786
86$1,973,219$0$0$1,219,842
87$2,120,076$0$0$1,311,471
88$2,280,198$0$0$1,411,412
89$2,454,884$0$0$1,520,483
90$2,645,565$0$0$1,639,579
91$2,853,814$0$0$1,769,689
92$3,081,364$0$0$1,911,901
93$3,330,123$0$0$2,067,412
94$3,602,191$0$0$2,237,541
95$3,899,880$0$0$2,423,739
96$4,225,737$0$0$2,627,606
97$4,582,565$0$0$2,850,902
98$4,973,453$0$0$3,095,565
99$5,401,800$0$0$3,363,730
100$5,871,352$0$0$3,657,750