Can I retire at age 57 with 374,000?

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 $374,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$30,885$30,609$30,341$30,079$29,823$28,777
2 years$15,289$15,005$14,729$14,461$14,202$13,158
3 years$10,092$9,806$9,530$9,265$9,010$8,002
4 years$7,493$7,208$6,936$6,675$6,426$5,462
5 years$5,935$5,651$5,382$5,127$4,885$3,967
6 years$4,896$4,615$4,350$4,100$3,865$2,994
7 years$4,154$3,875$3,615$3,371$3,144$2,319
8 years$3,598$3,322$3,066$2,828$2,608$1,830
9 years$3,166$2,892$2,640$2,409$2,196$1,463
10 years$2,821$2,549$2,302$2,076$1,871$1,182
11 years$2,538$2,270$2,027$1,807$1,609$962
12 years$2,303$2,037$1,799$1,585$1,395$789
13 years$2,104$1,841$1,607$1,399$1,216$649
14 years$1,933$1,673$1,444$1,242$1,066$537
15 years$1,786$1,529$1,304$1,108$939$445
16 years$1,657$1,403$1,182$992$830$370
17 years$1,543$1,292$1,075$891$736$309
18 years$1,442$1,194$982$803$654$258
19 years$1,352$1,106$899$726$583$215
20 years$1,271$1,028$825$657$521$180
21 years$1,198$957$759$597$466$151
22 years$1,131$894$699$542$418$127
23 years$1,071$836$646$494$375$106
24 years$1,015$783$597$451$337$89
25 years$964$735$553$411$303$75
26 years$917$691$513$376$273$63
27 years$874$650$476$344$246$53
28 years$834$613$443$315$222$45
29 years$796$578$412$289$201$38
30 years$761$546$384$266$181$32
31 years$729$516$358$244$164$27
32 years$698$488$334$224$148$22
33 years$670$462$312$206$134$19
34 years$643$438$291$190$121$16
35 years$618$416$272$175$110$13
36 years$594$394$255$161$100$11
37 years$572$375$238$148$90$9
38 years$550$356$223$137$82$8
39 years$530$339$209$126$74$7
40 years$511$322$196$116$67$6
41 years$493$307$184$107$61$5
42 years$476$292$172$99$55$4
43 years$460$278$162$91$50$3
44 years$444$265$152$84$46$3
45 years$430$253$143$78$41$2
46 years$416$241$134$72$38$2
47 years$402$230$126$66$34$2
48 years$389$220$118$61$31$1
49 years$377$210$111$57$28$1
50 years$365$200$105$52$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $374,000, adding $4,710 every year, while hoping to spend $20,481 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: 47/23/30 Blend
56$374,000$374,000$374,000$374,000
57$417,006$397,184$391,387$432,826
58$437,749$394,855$382,707$442,162
59$459,922$391,725$373,050$449,944
60$483,648$387,733$362,361$458,005
61$509,063$382,815$350,584$466,381
62$536,318$376,904$337,658$475,116
63$565,575$369,925$323,523$484,257
64$597,015$361,803$308,112$493,858
65$630,836$352,456$291,359$503,983
66$667,253$341,798$273,191$514,700
67$706,504$329,738$253,535$526,086
68$748,853$316,180$232,313$538,232
69$794,584$301,021$209,444$551,235
70$844,015$284,154$184,843$565,207
71$897,491$265,465$158,423$580,273
72$955,395$244,832$130,090$596,572
73$1,018,145$222,129$99,748$614,261
74$1,086,203$197,220$67,296$633,516
75$1,160,076$169,964$32,630$654,531
76$1,240,320$140,209$0$677,525
77$1,327,550$107,796$0$704,140
78$1,422,439$72,557$0$744,487
79$1,525,731$34,316$0$788,452
80$1,638,242$0$0$836,413
81$1,760,871$0$0$890,588
82$1,894,608$0$0$959,180
83$2,040,541$0$0$1,034,068
84$2,199,868$0$0$1,115,871
85$2,373,909$0$0$1,205,273
86$2,564,117$0$0$1,303,025
87$2,772,090$0$0$1,409,954
88$2,999,588$0$0$1,526,971
89$3,248,552$0$0$1,655,080
90$3,521,114$0$0$1,795,385
91$3,819,625$0$0$1,949,103
92$4,146,674$0$0$2,117,575
93$4,505,113$0$0$2,302,274
94$4,898,079$0$0$2,504,827
95$5,329,031$0$0$2,727,024
96$5,801,778$0$0$2,970,836
97$6,320,515$0$0$3,238,435
98$6,889,861$0$0$3,532,214
99$7,514,908$0$0$3,854,806
100$8,201,261$0$0$4,209,116