Can I retire at age 57 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$29,728$29,464$29,205$28,953$28,707$27,568
2 years$14,717$14,443$14,177$13,920$13,670$12,537
3 years$9,714$9,439$9,174$8,919$8,673$7,581
4 years$7,213$6,938$6,676$6,425$6,186$5,143
5 years$5,713$5,440$5,181$4,935$4,702$3,712
6 years$4,713$4,442$4,187$3,947$3,721$2,783
7 years$3,999$3,730$3,479$3,245$3,026$2,141
8 years$3,464$3,198$2,951$2,722$2,510$1,677
9 years$3,048$2,784$2,542$2,319$2,114$1,331
10 years$2,715$2,454$2,216$1,999$1,801$1,067
11 years$2,443$2,185$1,951$1,739$1,549$862
12 years$2,217$1,961$1,731$1,526$1,342$701
13 years$2,025$1,772$1,547$1,347$1,171$572
14 years$1,861$1,611$1,390$1,196$1,026$469
15 years$1,719$1,471$1,255$1,066$904$386
16 years$1,595$1,350$1,138$955$799$318
17 years$1,486$1,243$1,035$858$708$263
18 years$1,388$1,149$945$773$630$217
19 years$1,302$1,065$865$699$561$180
20 years$1,224$989$794$633$501$149
21 years$1,153$922$730$574$449$124
22 years$1,089$860$673$522$402$103
23 years$1,031$805$621$475$361$86
24 years$977$754$575$434$324$71
25 years$928$707$532$396$292$59
26 years$883$665$494$362$263$49
27 years$841$626$458$331$237$41
28 years$802$590$426$304$214$34
29 years$766$556$397$278$193$29
30 years$733$525$369$256$175$24
31 years$701$497$344$235$158$20
32 years$672$470$321$216$143$17
33 years$645$445$300$198$129$14
34 years$619$422$280$183$117$11
35 years$595$400$262$168$106$10
36 years$572$380$245$155$96$8
37 years$550$361$229$143$87$7
38 years$530$343$215$131$79$6
39 years$510$326$201$121$72$5
40 years$492$310$189$112$65$4
41 years$475$295$177$103$59$3
42 years$458$281$166$95$53$3
43 years$443$268$156$88$48$2
44 years$428$255$146$81$44$2
45 years$414$243$137$75$40$2
46 years$400$232$129$69$36$1
47 years$387$222$121$64$33$1
48 years$375$212$114$59$30$1
49 years$363$202$107$55$27$1
50 years$351$193$101$50$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $360,000, adding $5,025 every year, while hoping to spend $26,785 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: 50/24/26 Blend
56$360,000$360,000$360,000$360,000
57$401,903$382,823$377,243$418,827
58$414,398$373,083$361,382$421,405
59$427,270$361,967$344,091$421,117
60$440,529$349,381$325,296$420,269
61$454,185$335,222$304,915$418,821
62$468,249$319,385$282,867$416,728
63$482,731$301,755$259,063$413,946
64$497,642$282,214$233,414$410,425
65$512,992$260,633$205,824$406,113
66$528,793$236,880$176,195$400,957
67$545,054$210,812$144,423$394,899
68$561,788$182,280$110,399$387,879
69$579,005$151,125$74,012$379,832
70$596,715$117,182$35,142$370,690
71$614,928$80,273$0$360,382
72$633,657$40,212$0$350,591
73$652,909$0$0$349,997
74$672,696$0$0$349,638
75$693,026$0$0$360,178
76$713,910$0$0$371,002
77$735,354$0$0$382,113
78$757,368$0$0$393,516
79$779,958$0$0$405,213
80$803,130$0$0$417,208
81$826,889$0$0$429,502
82$851,240$0$0$442,097
83$876,185$0$0$454,993
84$901,725$0$0$468,190
85$927,860$0$0$481,688
86$954,586$0$0$495,483
87$981,899$0$0$509,572
88$1,009,791$0$0$523,949
89$1,038,252$0$0$538,609
90$1,067,268$0$0$553,543
91$1,096,822$0$0$568,740
92$1,126,892$0$0$584,186
93$1,157,452$0$0$599,868
94$1,188,471$0$0$615,766
95$1,219,913$0$0$631,860
96$1,251,733$0$0$648,123
97$1,283,882$0$0$664,527
98$1,316,301$0$0$681,039
99$1,348,923$0$0$697,620
100$1,381,670$0$0$714,226