Can I retire at age 57 with 351,000?

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 $351,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$28,985$28,727$28,475$28,229$27,989$27,813
2 years$14,349$14,082$13,823$13,572$13,328$13,150
3 years$9,471$9,203$8,944$8,696$8,456$8,282
4 years$7,033$6,765$6,509$6,265$6,031$5,862
5 years$5,570$5,304$5,051$4,812$4,585$4,422
6 years$4,595$4,331$4,082$3,848$3,628$3,471
7 years$3,899$3,637$3,392$3,164$2,950$2,800
8 years$3,377$3,118$2,877$2,654$2,447$2,303
9 years$2,971$2,715$2,478$2,261$2,061$1,923
10 years$2,647$2,393$2,160$1,949$1,756$1,624
11 years$2,382$2,130$1,902$1,696$1,510$1,384
12 years$2,161$1,912$1,688$1,488$1,309$1,188
13 years$1,974$1,728$1,508$1,313$1,141$1,026
14 years$1,815$1,570$1,355$1,166$1,001$891
15 years$1,676$1,435$1,223$1,040$881$777
16 years$1,555$1,316$1,109$931$779$680
17 years$1,448$1,212$1,009$836$690$596
18 years$1,354$1,120$921$754$614$525
19 years$1,269$1,038$843$681$547$463
20 years$1,193$965$774$617$489$409
21 years$1,124$899$712$560$437$362
22 years$1,062$839$656$509$392$321
23 years$1,005$785$606$464$352$285
24 years$953$735$560$423$316$253
25 years$905$690$519$386$285$225
26 years$861$648$481$353$256$201
27 years$820$610$447$323$231$179
28 years$782$575$416$296$209$159
29 years$747$542$387$272$188$142
30 years$714$512$360$249$170$127
31 years$684$484$336$229$154$113
32 years$655$458$313$210$139$101
33 years$629$434$293$193$126$91
34 years$603$411$273$178$114$81
35 years$580$390$256$164$103$72
36 years$557$370$239$151$94$65
37 years$536$352$224$139$85$58
38 years$517$334$210$128$77$52
39 years$498$318$196$118$70$47
40 years$480$302$184$109$63$42
41 years$463$288$173$101$57$37
42 years$447$274$162$93$52$33
43 years$432$261$152$86$47$30
44 years$417$249$143$79$43$27
45 years$403$237$134$73$39$24
46 years$390$226$126$67$35$22
47 years$377$216$118$62$32$19
48 years$365$206$111$58$29$17
49 years$354$197$104$53$26$16
50 years$343$188$98$49$24$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $351,000, adding $6,721 every year, while hoping to spend $25,652 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: 88/6/6 Blend
56$351,000$351,000$351,000$351,000
57$393,735$375,132$369,691$427,707
58$406,602$366,220$354,782$441,941
59$419,922$356,011$338,514$453,289
60$433,714$344,416$320,814$464,920
61$447,998$331,337$301,607$476,845
62$462,796$316,674$280,812$489,072
63$478,129$300,319$258,348$501,611
64$494,022$282,159$234,127$514,474
65$510,501$262,074$208,059$527,672
66$527,593$239,936$180,049$541,218
67$545,326$215,612$149,999$555,125
68$563,732$188,959$117,806$569,407
69$582,842$159,827$83,363$584,082
70$602,692$128,059$46,556$599,164
71$623,320$93,487$7,268$614,674
72$644,765$55,934$0$630,631
73$667,070$15,214$0$649,277
74$690,281$0$0$669,056
75$714,448$0$0$691,445
76$739,623$0$0$715,815
77$765,864$0$0$741,216
78$793,231$0$0$767,709
79$821,791$0$0$795,357
80$851,615$0$0$824,229
81$882,780$0$0$854,400
82$915,369$0$0$885,951
83$949,473$0$0$918,969
84$985,188$0$0$953,548
85$1,022,621$0$0$989,790
86$1,061,886$0$0$1,027,807
87$1,103,107$0$0$1,067,720
88$1,146,419$0$0$1,109,658
89$1,191,968$0$0$1,153,765
90$1,239,916$0$0$1,200,194
91$1,290,434$0$0$1,249,115
92$1,343,713$0$0$1,300,710
93$1,399,959$0$0$1,355,180
94$1,459,396$0$0$1,412,743
95$1,522,269$0$0$1,473,636
96$1,588,847$0$0$1,538,119
97$1,659,423$0$0$1,606,475
98$1,734,315$0$0$1,679,016
99$1,813,874$0$0$1,756,078
100$1,898,481$0$0$1,838,034