Can I retire at age 57 with 359,000?

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 $359,000?

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$29,646$29,382$29,124$28,873$28,627$28,049
2 years$14,676$14,403$14,138$13,881$13,632$13,052
3 years$9,687$9,412$9,148$8,894$8,649$8,085
4 years$7,193$6,919$6,658$6,407$6,168$5,625
5 years$5,697$5,425$5,167$4,922$4,689$4,168
6 years$4,700$4,430$4,175$3,936$3,710$3,212
7 years$3,988$3,720$3,470$3,236$3,017$2,542
8 years$3,454$3,189$2,943$2,714$2,503$2,051
9 years$3,039$2,776$2,534$2,312$2,108$1,678
10 years$2,707$2,447$2,210$1,993$1,796$1,388
11 years$2,436$2,179$1,945$1,735$1,545$1,158
12 years$2,210$1,955$1,726$1,521$1,339$973
13 years$2,019$1,767$1,542$1,343$1,167$822
14 years$1,856$1,606$1,386$1,192$1,023$698
15 years$1,714$1,467$1,251$1,063$901$594
16 years$1,591$1,346$1,134$952$796$508
17 years$1,481$1,240$1,032$855$706$435
18 years$1,385$1,146$942$771$628$374
19 years$1,298$1,062$863$697$560$322
20 years$1,220$987$792$631$500$277
21 years$1,150$919$728$573$447$239
22 years$1,086$858$671$521$401$207
23 years$1,028$802$620$474$360$179
24 years$974$752$573$432$323$155
25 years$926$706$531$395$291$134
26 years$880$663$492$361$262$116
27 years$839$624$457$331$236$101
28 years$800$588$425$303$213$87
29 years$764$555$395$278$193$76
30 years$731$524$368$255$174$66
31 years$700$495$343$234$157$57
32 years$670$469$320$215$142$50
33 years$643$444$299$198$129$43
34 years$617$421$280$182$117$38
35 years$593$399$261$168$106$33
36 years$570$379$244$154$96$28
37 years$549$360$229$142$87$25
38 years$528$342$214$131$79$21
39 years$509$325$201$121$71$19
40 years$491$309$188$111$65$16
41 years$474$294$176$103$59$14
42 years$457$280$166$95$53$12
43 years$441$267$155$88$48$11
44 years$427$255$146$81$44$9
45 years$412$243$137$75$40$8
46 years$399$232$129$69$36$7
47 years$386$221$121$64$33$6
48 years$374$211$114$59$30$5
49 years$362$201$107$54$27$5
50 years$351$192$100$50$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $359,000, adding $3,525 every year, while hoping to spend $20,936 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: 70/23/7 Blend
56$359,000$359,000$359,000$359,000
57$399,254$380,227$374,663$426,518
58$417,702$376,582$364,938$441,369
59$437,330$372,058$354,186$454,700
60$458,237$366,587$342,350$468,713
61$480,529$360,102$329,371$483,469
62$504,325$352,529$315,187$499,037
63$529,754$343,791$299,733$515,494
64$556,957$333,805$282,943$532,925
65$586,090$322,485$264,745$551,422
66$617,323$309,738$245,065$571,090
67$650,842$295,467$223,827$592,043
68$686,852$279,569$200,949$614,409
69$725,579$261,936$176,349$638,330
70$767,268$242,451$149,937$663,962
71$812,192$220,994$121,622$691,477
72$860,648$197,435$91,309$721,068
73$912,964$171,638$58,897$752,948
74$969,498$143,460$24,282$787,350
75$1,030,646$112,749$0$824,537
76$1,096,842$79,345$0$865,741
77$1,168,564$43,077$0$912,333
78$1,246,337$3,767$0$962,858
79$1,330,738$0$0$1,017,718
80$1,422,402$0$0$1,087,167
81$1,522,028$0$0$1,163,700
82$1,630,383$0$0$1,246,958
83$1,748,314$0$0$1,337,592
84$1,876,750$0$0$1,436,320
85$2,016,715$0$0$1,543,929
86$2,169,335$0$0$1,661,290
87$2,335,850$0$0$1,789,357
88$2,517,625$0$0$1,929,184
89$2,716,161$0$0$2,081,928
90$2,933,113$0$0$2,248,866
91$3,170,302$0$0$2,431,400
92$3,429,730$0$0$2,631,077
93$3,713,607$0$0$2,849,599
94$4,024,361$0$0$3,088,839
95$4,364,669$0$0$3,350,863
96$4,737,478$0$0$3,637,943
97$5,146,033$0$0$3,952,581
98$5,593,909$0$0$4,297,534
99$6,085,041$0$0$4,675,840
100$6,623,767$0$0$5,090,841