Can I retire at age 57 with 367,000?

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 $367,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$30,307$30,037$29,773$29,516$29,265$28,558
2 years$15,003$14,724$14,453$14,190$13,936$13,227
3 years$9,903$9,622$9,352$9,092$8,841$8,154
4 years$7,353$7,073$6,806$6,550$6,306$5,645
5 years$5,824$5,546$5,282$5,031$4,794$4,161
6 years$4,804$4,528$4,268$4,024$3,793$3,189
7 years$4,077$3,803$3,547$3,308$3,085$2,510
8 years$3,531$3,260$3,008$2,775$2,559$2,013
9 years$3,107$2,838$2,591$2,364$2,155$1,637
10 years$2,768$2,502$2,259$2,037$1,836$1,346
11 years$2,491$2,227$1,989$1,773$1,579$1,116
12 years$2,260$1,999$1,765$1,555$1,369$931
13 years$2,064$1,807$1,577$1,373$1,193$782
14 years$1,897$1,642$1,417$1,219$1,046$659
15 years$1,752$1,500$1,279$1,087$921$557
16 years$1,626$1,376$1,160$973$814$473
17 years$1,514$1,267$1,055$875$722$402
18 years$1,415$1,171$963$788$642$343
19 years$1,327$1,085$882$712$572$293
20 years$1,247$1,009$809$645$511$250
21 years$1,175$940$744$585$457$214
22 years$1,110$877$686$532$410$184
23 years$1,051$820$634$485$368$158
24 years$996$769$586$442$331$135
25 years$946$721$543$404$298$116
26 years$900$678$503$369$268$100
27 years$857$638$467$338$242$86
28 years$818$601$434$310$218$74
29 years$781$567$404$284$197$64
30 years$747$536$377$261$178$55
31 years$715$506$351$239$161$47
32 years$685$479$328$220$145$41
33 years$657$454$306$202$132$35
34 years$631$430$286$186$119$30
35 years$606$408$267$171$108$26
36 years$583$387$250$158$98$23
37 years$561$368$234$145$89$19
38 years$540$349$219$134$80$17
39 years$520$332$205$124$73$14
40 years$502$316$192$114$66$12
41 years$484$301$180$105$60$11
42 years$467$287$169$97$54$9
43 years$451$273$159$90$49$8
44 years$436$260$149$83$45$7
45 years$422$248$140$76$41$6
46 years$408$237$131$71$37$5
47 years$395$226$123$65$34$4
48 years$382$216$116$60$30$4
49 years$370$206$109$56$28$3
50 years$358$197$103$51$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $367,000, adding $4,666 every year, while hoping to spend $20,338 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: 77/15/8 Blend
56$367,000$367,000$367,000$367,000
57$409,247$389,796$384,107$439,929
58$429,351$387,257$375,336$458,205
59$450,823$383,911$365,588$475,154
60$473,783$379,698$354,811$493,144
61$498,359$374,554$342,948$512,272
62$524,695$368,410$329,939$532,643
63$552,944$361,192$315,723$554,371
64$583,279$352,826$300,234$577,585
65$615,887$343,228$283,406$602,425
66$650,975$332,313$265,167$629,048
67$688,767$319,989$245,443$657,624
68$729,513$306,161$224,157$688,343
69$773,486$290,725$201,229$721,413
70$820,986$273,574$176,574$757,066
71$872,341$254,594$150,104$795,556
72$927,915$233,664$121,727$837,163
73$988,104$210,656$91,347$882,197
74$1,053,348$185,435$58,864$931,001
75$1,124,127$157,859$24,174$983,951
76$1,200,970$127,776$0$1,041,465
77$1,284,460$95,029$0$1,105,098
78$1,375,238$59,448$0$1,176,535
79$1,474,007$20,855$0$1,254,280
80$1,581,543$0$0$1,338,961
81$1,698,699$0$0$1,434,726
82$1,826,415$0$0$1,542,887
83$1,965,722$0$0$1,660,877
84$2,117,759$0$0$1,789,662
85$2,283,776$0$0$1,930,303
86$2,465,153$0$0$2,083,970
87$2,663,405$0$0$2,251,949
88$2,880,204$0$0$2,435,658
89$3,117,388$0$0$2,636,656
90$3,376,982$0$0$2,856,662
91$3,661,215$0$0$3,097,567
92$3,972,544$0$0$3,361,454
93$4,313,671$0$0$3,650,618
94$4,687,575$0$0$3,967,585
95$5,097,535$0$0$4,315,137
96$5,547,164$0$0$4,696,340
97$6,040,440$0$0$5,114,569
98$6,581,745$0$0$5,573,542
99$7,175,907$0$0$6,077,355
100$7,828,241$0$0$6,630,519