Can I retire at age 57 with 356,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $356,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$29,398$29,136$28,881$28,631$28,388$28,256
2 years$14,554$14,282$14,020$13,765$13,518$13,385
3 years$9,606$9,334$9,072$8,819$8,576$8,447
4 years$7,133$6,861$6,602$6,354$6,117$5,991
5 years$5,649$5,379$5,123$4,880$4,650$4,528
6 years$4,660$4,393$4,140$3,903$3,679$3,562
7 years$3,954$3,689$3,441$3,209$2,992$2,879
8 years$3,425$3,162$2,918$2,692$2,482$2,374
9 years$3,014$2,753$2,513$2,293$2,091$1,987
10 years$2,685$2,427$2,191$1,976$1,781$1,682
11 years$2,416$2,160$1,929$1,720$1,532$1,437
12 years$2,192$1,939$1,712$1,509$1,328$1,237
13 years$2,003$1,752$1,530$1,332$1,158$1,071
14 years$1,840$1,593$1,374$1,182$1,015$932
15 years$1,700$1,455$1,241$1,054$893$815
16 years$1,577$1,335$1,125$944$790$715
17 years$1,469$1,230$1,024$848$700$629
18 years$1,373$1,136$934$765$623$555
19 years$1,287$1,053$855$691$555$491
20 years$1,210$978$785$626$496$435
21 years$1,140$911$722$568$444$386
22 years$1,077$851$666$516$398$343
23 years$1,019$796$615$470$357$306
24 years$966$746$568$429$321$273
25 years$918$700$526$392$289$243
26 years$873$658$488$358$260$217
27 years$832$619$453$328$234$194
28 years$793$583$421$300$212$174
29 years$758$550$392$275$191$156
30 years$725$520$365$253$173$139
31 years$694$491$341$232$156$125
32 years$665$465$318$213$141$112
33 years$638$440$297$196$128$100
34 years$612$417$277$180$116$90
35 years$588$396$259$166$105$81
36 years$565$375$242$153$95$73
37 years$544$357$227$141$86$65
38 years$524$339$213$130$78$59
39 years$505$322$199$120$71$53
40 years$487$307$187$111$64$47
41 years$470$292$175$102$58$42
42 years$453$278$164$94$53$38
43 years$438$265$154$87$48$34
44 years$423$252$145$80$43$31
45 years$409$241$136$74$39$28
46 years$396$230$128$68$36$25
47 years$383$219$120$63$33$22
48 years$370$209$113$58$30$20
49 years$359$200$106$54$27$18
50 years$348$191$99$50$24$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $356,000, adding $4,914 every year, while hoping to spend $22,050 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: 27/46/27 Blend
56$356,000$356,000$356,000$356,000
57$397,381$378,513$372,995$404,667
58$414,453$373,599$362,029$406,002
59$432,527$367,705$349,957$405,211
60$451,682$360,760$336,718$403,910
61$472,005$352,689$322,250$402,071
62$493,590$343,411$306,485$399,666
63$516,540$332,842$289,356$396,664
64$540,967$320,892$270,790$393,036
65$566,996$307,466$250,712$388,752
66$594,762$292,464$229,043$383,782
67$624,413$275,780$205,701$378,096
68$656,111$257,301$180,600$371,665
69$690,035$236,909$153,651$364,458
70$726,380$214,479$124,759$356,447
71$765,359$189,877$93,827$347,606
72$807,208$162,963$60,753$337,907
73$852,185$133,590$25,430$327,327
74$900,573$101,601$0$315,843
75$952,683$66,831$0$306,968
76$1,008,856$29,105$0$305,202
77$1,069,467$0$0$303,233
78$1,134,928$0$0$307,042
79$1,205,691$0$0$327,132
80$1,282,256$0$0$348,917
81$1,365,167$0$0$372,559
82$1,455,028$0$0$398,237
83$1,552,499$0$0$426,146
84$1,658,306$0$0$456,500
85$1,773,252$0$0$489,538
86$1,898,214$0$0$525,520
87$2,034,161$0$0$564,733
88$2,182,158$0$0$607,492
89$2,343,377$0$0$654,145
90$2,519,108$0$0$705,074
91$2,710,769$0$0$760,700
92$2,919,923$0$0$821,487
93$3,148,289$0$0$887,945
94$3,397,761$0$0$960,636
95$3,670,422$0$0$1,040,178
96$3,968,566$0$0$1,127,252
97$4,294,719$0$0$1,222,609
98$4,651,662$0$0$1,327,074
99$5,042,459$0$0$1,441,556
100$5,470,481$0$0$1,567,058