Can I retire at age 57 with 381,000?

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 $381,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$31,463$31,182$30,909$30,642$30,381$29,780
2 years$15,576$15,285$15,004$14,732$14,467$13,864
3 years$10,281$9,989$9,709$9,439$9,179$8,592
4 years$7,634$7,343$7,066$6,800$6,546$5,981
5 years$6,046$5,757$5,483$5,223$4,976$4,434
6 years$4,988$4,701$4,431$4,177$3,938$3,419
7 years$4,232$3,948$3,682$3,434$3,202$2,708
8 years$3,666$3,384$3,123$2,881$2,657$2,185
9 years$3,225$2,947$2,690$2,454$2,237$1,789
10 years$2,873$2,597$2,345$2,115$1,906$1,481
11 years$2,586$2,312$2,064$1,841$1,639$1,237
12 years$2,346$2,075$1,832$1,615$1,421$1,040
13 years$2,143$1,875$1,637$1,426$1,239$879
14 years$1,970$1,705$1,471$1,265$1,086$746
15 years$1,819$1,557$1,328$1,129$956$636
16 years$1,688$1,429$1,204$1,010$845$544
17 years$1,572$1,316$1,096$908$749$467
18 years$1,469$1,216$1,000$818$666$401
19 years$1,377$1,127$916$739$594$345
20 years$1,295$1,047$840$670$530$298
21 years$1,220$975$773$608$475$257
22 years$1,153$910$712$553$425$222
23 years$1,091$852$658$503$382$192
24 years$1,034$798$608$459$343$167
25 years$982$749$563$419$309$144
26 years$934$704$522$383$278$125
27 years$890$662$485$351$251$109
28 years$849$624$451$321$226$94
29 years$811$589$420$295$204$82
30 years$776$556$391$270$185$71
31 years$742$526$364$248$167$62
32 years$711$497$340$228$151$54
33 years$682$471$318$210$137$47
34 years$655$446$297$193$124$41
35 years$629$423$277$178$112$35
36 years$605$402$259$164$102$31
37 years$582$382$243$151$92$27
38 years$561$363$227$139$83$23
39 years$540$345$213$128$76$20
40 years$521$328$200$118$69$18
41 years$503$312$187$109$62$15
42 years$485$297$176$101$57$13
43 years$468$283$165$93$51$12
44 years$453$270$155$86$47$10
45 years$438$258$145$79$42$9
46 years$423$246$136$73$38$8
47 years$410$235$128$68$35$7
48 years$396$224$120$63$32$6
49 years$384$214$113$58$29$5
50 years$372$204$106$53$26$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $381,000, adding $6,687 every year, while hoping to spend $25,095 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: 89/6/5 Blend
56$381,000$381,000$381,000$381,000
57$426,760$406,567$400,661$464,193
58$443,588$399,788$387,382$482,790
59$461,292$391,835$372,818$498,981
60$479,935$382,626$356,898$515,945
61$499,583$372,070$339,549$533,741
62$520,313$360,074$320,697$552,432
63$542,206$346,538$300,260$572,086
64$565,349$331,356$278,157$592,780
65$589,839$314,418$254,300$614,598
66$615,783$295,604$228,600$637,630
67$643,295$274,791$200,960$661,978
68$672,501$251,846$171,282$687,751
69$703,540$226,629$139,463$715,071
70$736,561$198,995$105,396$744,071
71$771,730$168,785$68,966$774,897
72$809,228$135,837$30,058$807,710
73$849,252$99,976$0$842,686
74$892,020$61,018$0$880,633
75$937,768$18,770$0$922,903
76$986,757$0$0$968,134
77$1,039,274$0$0$1,018,374
78$1,095,631$0$0$1,073,618
79$1,156,172$0$0$1,132,966
80$1,221,275$0$0$1,196,787
81$1,291,355$0$0$1,265,488
82$1,366,867$0$0$1,339,515
83$1,448,310$0$0$1,419,359
84$1,536,234$0$0$1,505,559
85$1,631,243$0$0$1,598,705
86$1,734,000$0$0$1,699,449
87$1,845,233$0$0$1,808,506
88$1,965,745$0$0$1,926,662
89$2,096,416$0$0$2,054,780
90$2,238,216$0$0$2,193,813
91$2,392,210$0$0$2,344,803
92$2,559,571$0$0$2,508,903
93$2,741,589$0$0$2,687,376
94$2,939,682$0$0$2,881,614
95$3,155,412$0$0$3,093,148
96$3,390,496$0$0$3,323,663
97$3,646,826$0$0$3,575,014
98$3,926,483$0$0$3,849,242
99$4,231,756$0$0$4,148,592
100$4,565,168$0$0$4,475,537