Can I retire at age 57 with 366,000?

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 $366,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$30,224$29,955$29,692$29,436$29,185$29,014
2 years$14,962$14,684$14,414$14,152$13,898$13,724
3 years$9,876$9,596$9,327$9,067$8,817$8,648
4 years$7,333$7,054$6,787$6,532$6,289$6,124
5 years$5,808$5,530$5,267$5,018$4,780$4,622
6 years$4,791$4,516$4,257$4,013$3,783$3,630
7 years$4,065$3,793$3,537$3,299$3,076$2,929
8 years$3,521$3,251$3,000$2,767$2,552$2,411
9 years$3,098$2,831$2,584$2,357$2,149$2,014
10 years$2,760$2,495$2,253$2,032$1,831$1,702
11 years$2,484$2,221$1,983$1,768$1,575$1,451
12 years$2,253$1,994$1,760$1,551$1,365$1,247
13 years$2,059$1,802$1,572$1,369$1,190$1,078
14 years$1,892$1,638$1,413$1,216$1,043$936
15 years$1,748$1,496$1,276$1,084$919$817
16 years$1,622$1,373$1,157$971$812$715
17 years$1,510$1,264$1,052$872$720$628
18 years$1,412$1,168$961$786$640$553
19 years$1,323$1,083$880$710$570$488
20 years$1,244$1,006$807$643$510$432
21 years$1,172$937$742$584$456$382
22 years$1,107$875$684$531$409$339
23 years$1,048$818$632$483$367$301
24 years$993$766$584$441$330$268
25 years$944$719$541$403$297$239
26 years$898$676$502$368$267$213
27 years$855$636$466$337$241$190
28 years$816$599$433$309$217$169
29 years$779$566$403$283$196$151
30 years$745$534$376$260$177$135
31 years$713$505$350$239$160$121
32 years$683$478$327$219$145$108
33 years$655$452$305$202$131$97
34 years$629$429$285$186$119$86
35 years$605$407$266$171$108$77
36 years$581$386$249$157$98$69
37 years$559$367$233$145$88$62
38 years$539$348$218$134$80$56
39 years$519$331$205$123$73$50
40 years$500$315$192$114$66$45
41 years$483$300$180$105$60$40
42 years$466$286$169$97$54$36
43 years$450$272$158$89$49$32
44 years$435$260$149$82$45$29
45 years$420$247$140$76$41$26
46 years$407$236$131$70$37$23
47 years$393$225$123$65$33$21
48 years$381$215$116$60$30$19
49 years$369$205$109$56$28$17
50 years$357$196$102$51$25$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $366,000, adding $5,656 every year, while hoping to spend $20,164 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: 49/41/10 Blend
56$366,000$366,000$366,000$366,000
57$409,166$389,768$384,095$427,845
58$429,447$387,412$375,508$438,899
59$451,120$384,266$365,957$448,311
60$474,307$380,267$355,390$458,071
61$499,140$375,354$343,749$468,217
62$525,765$369,458$330,977$478,792
63$554,339$362,509$317,011$489,846
64$585,040$354,429$301,789$501,434
65$618,058$345,140$285,242$513,617
66$653,603$334,556$267,302$526,466
67$691,909$322,587$247,895$540,061
68$733,228$309,139$226,944$554,488
69$777,840$294,109$204,369$569,849
70$826,052$277,393$180,088$586,253
71$878,202$258,877$154,013$603,826
72$934,659$238,443$126,053$622,708
73$995,831$215,963$96,112$643,054
74$1,062,167$191,307$64,093$665,039
75$1,134,159$164,332$29,891$688,859
76$1,212,349$134,890$0$714,730
77$1,297,334$102,825$0$743,601
78$1,389,768$67,970$0$778,486
79$1,490,375$30,150$0$816,508
80$1,599,947$0$0$858,016
81$1,719,358$0$0$908,278
82$1,849,570$0$0$977,955
83$1,991,642$0$0$1,054,017
84$2,146,737$0$0$1,137,090
85$2,316,138$0$0$1,227,867
86$2,501,256$0$0$1,327,109
87$2,703,647$0$0$1,435,655
88$2,925,020$0$0$1,554,427
89$3,167,259$0$0$1,684,443
90$3,432,439$0$0$1,826,822
91$3,722,844$0$0$1,982,797
92$4,040,990$0$0$2,153,724
93$4,389,647$0$0$2,341,099
94$4,771,866$0$0$2,546,569
95$5,191,007$0$0$2,771,948
96$5,650,772$0$0$3,019,232
97$6,155,236$0$0$3,290,622
98$6,708,891$0$0$3,588,543
99$7,316,681$0$0$3,915,663
100$7,984,056$0$0$4,274,923