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%18.6%
1 years$31,463$31,182$30,909$30,642$30,381$29,327
2 years$15,576$15,285$15,004$14,732$14,467$13,416
3 years$10,281$9,989$9,709$9,439$9,179$8,163
4 years$7,634$7,343$7,066$6,800$6,546$5,575
5 years$6,046$5,757$5,483$5,223$4,976$4,051
6 years$4,988$4,701$4,431$4,177$3,938$3,059
7 years$4,232$3,948$3,682$3,434$3,202$2,371
8 years$3,666$3,384$3,123$2,881$2,657$1,872
9 years$3,225$2,947$2,690$2,454$2,237$1,497
10 years$2,873$2,597$2,345$2,115$1,906$1,211
11 years$2,586$2,312$2,064$1,841$1,639$986
12 years$2,346$2,075$1,832$1,615$1,421$809
13 years$2,143$1,875$1,637$1,426$1,239$666
14 years$1,970$1,705$1,471$1,265$1,086$551
15 years$1,819$1,557$1,328$1,129$956$458
16 years$1,688$1,429$1,204$1,010$845$381
17 years$1,572$1,316$1,096$908$749$318
18 years$1,469$1,216$1,000$818$666$265
19 years$1,377$1,127$916$739$594$222
20 years$1,295$1,047$840$670$530$186
21 years$1,220$975$773$608$475$156
22 years$1,153$910$712$553$425$131
23 years$1,091$852$658$503$382$110
24 years$1,034$798$608$459$343$92
25 years$982$749$563$419$309$78
26 years$934$704$522$383$278$65
27 years$890$662$485$351$251$55
28 years$849$624$451$321$226$46
29 years$811$589$420$295$204$39
30 years$776$556$391$270$185$33
31 years$742$526$364$248$167$28
32 years$711$497$340$228$151$23
33 years$682$471$318$210$137$20
34 years$655$446$297$193$124$17
35 years$629$423$277$178$112$14
36 years$605$402$259$164$102$12
37 years$582$382$243$151$92$10
38 years$561$363$227$139$83$8
39 years$540$345$213$128$76$7
40 years$521$328$200$118$69$6
41 years$503$312$187$109$62$5
42 years$485$297$176$101$57$4
43 years$468$283$165$93$51$4
44 years$453$270$155$86$47$3
45 years$438$258$145$79$42$3
46 years$423$246$136$73$38$2
47 years$410$235$128$68$35$2
48 years$396$224$120$63$32$2
49 years$384$214$113$58$29$1
50 years$372$204$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $381,000, adding $5,055 every year, while hoping to spend $24,762 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: 59/36/5 Blend
56$381,000$381,000$381,000$381,000
57$425,076$404,883$398,978$449,479
58$442,087$398,376$385,997$459,920
59$460,004$390,720$371,751$468,007
60$478,892$381,833$356,172$476,195
61$498,823$371,627$339,189$484,492
62$519,877$360,010$320,725$492,912
63$542,138$346,885$300,703$501,469
64$565,701$332,147$279,042$510,182
65$590,668$315,687$255,655$519,070
66$617,150$297,390$230,454$528,158
67$645,270$277,133$203,344$537,475
68$675,161$254,786$174,230$547,053
69$706,969$230,212$143,008$556,930
70$740,854$203,267$109,573$567,151
71$776,991$173,797$73,814$577,766
72$815,573$141,641$35,615$588,832
73$856,808$106,629$0$600,416
74$900,928$68,579$0$612,867
75$948,185$27,302$0$628,043
76$998,856$0$0$644,145
77$1,053,246$0$0$668,185
78$1,111,686$0$0$705,659
79$1,174,545$0$0$745,988
80$1,242,224$0$0$789,435
81$1,315,163$0$0$836,284
82$1,393,849$0$0$886,852
83$1,478,814$0$0$941,483
84$1,570,643$0$0$1,000,558
85$1,669,980$0$0$1,064,495
86$1,777,532$0$0$1,133,752
87$1,894,077$0$0$1,208,835
88$2,020,469$0$0$1,290,299
89$2,157,649$0$0$1,378,755
90$2,306,650$0$0$1,474,873
91$2,468,611$0$0$1,579,393
92$2,644,782$0$0$1,693,128
93$2,836,540$0$0$1,816,972
94$3,045,400$0$0$1,951,909
95$3,273,030$0$0$2,099,023
96$3,521,263$0$0$2,259,504
97$3,792,118$0$0$2,434,666
98$4,087,820$0$0$2,625,952
99$4,410,813$0$0$2,834,952
100$4,763,792$0$0$3,063,416