Can I retire at age 57 with 386,000?

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 $386,000?

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$31,876$31,592$31,315$31,044$30,780$30,599
2 years$15,780$15,486$15,201$14,925$14,657$14,474
3 years$10,415$10,120$9,836$9,563$9,299$9,120
4 years$7,734$7,440$7,158$6,889$6,632$6,459
5 years$6,125$5,833$5,555$5,292$5,042$4,874
6 years$5,053$4,763$4,489$4,232$3,989$3,828
7 years$4,288$4,000$3,731$3,479$3,244$3,089
8 years$3,714$3,429$3,164$2,919$2,692$2,543
9 years$3,268$2,985$2,725$2,486$2,267$2,124
10 years$2,911$2,631$2,376$2,143$1,931$1,795
11 years$2,619$2,342$2,092$1,865$1,661$1,531
12 years$2,377$2,102$1,856$1,636$1,439$1,315
13 years$2,171$1,900$1,658$1,444$1,255$1,137
14 years$1,995$1,727$1,490$1,282$1,100$987
15 years$1,843$1,578$1,345$1,143$969$861
16 years$1,710$1,448$1,220$1,024$856$754
17 years$1,593$1,333$1,110$920$759$662
18 years$1,489$1,232$1,013$829$675$583
19 years$1,396$1,142$928$749$602$515
20 years$1,312$1,061$851$678$537$455
21 years$1,236$988$783$616$481$403
22 years$1,168$922$722$560$431$358
23 years$1,105$863$666$510$387$318
24 years$1,048$808$616$465$348$283
25 years$995$759$571$425$313$252
26 years$947$713$529$388$282$224
27 years$902$671$492$355$254$200
28 years$860$632$457$326$229$178
29 years$822$596$425$299$207$159
30 years$786$563$396$274$187$142
31 years$752$532$369$252$169$127
32 years$721$504$345$231$153$114
33 years$691$477$322$213$138$102
34 years$664$452$301$196$125$91
35 years$638$429$281$180$114$82
36 years$613$407$263$166$103$73
37 years$590$387$246$153$93$65
38 years$568$367$230$141$85$59
39 years$547$349$216$130$77$53
40 years$528$332$202$120$70$47
41 years$509$316$190$111$63$42
42 years$491$301$178$102$57$38
43 years$475$287$167$94$52$34
44 years$459$274$157$87$47$30
45 years$443$261$147$80$43$27
46 years$429$249$138$74$39$24
47 years$415$238$130$69$35$22
48 years$402$227$122$63$32$20
49 years$389$217$115$59$29$18
50 years$377$207$108$54$26$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $386,000, adding $4,478 every year, while hoping to spend $34,067 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: 42/41/17 Blend
56$386,000$386,000$386,000$386,000
57$429,991$409,533$403,550$445,738
58$437,603$393,353$380,822$441,113
59$444,850$375,239$356,191$432,427
60$451,658$355,059$329,557$422,301
61$457,946$332,675$300,815$410,618
62$463,622$307,942$269,858$397,254
63$468,584$280,704$236,571$382,076
64$472,719$250,798$200,836$364,941
65$475,901$218,051$162,528$345,694
66$477,988$182,282$121,519$324,168
67$478,825$143,296$77,672$300,185
68$478,239$100,890$30,847$273,551
69$476,035$54,850$0$244,061
70$472,000$4,947$0$214,958
71$465,898$0$0$188,729
72$457,464$0$0$181,676
73$446,408$0$0$175,612
74$432,405$0$0$168,154
75$415,099$0$0$159,137
76$394,093$0$0$148,375
77$368,949$0$0$135,666
78$339,183$0$0$120,783
79$304,257$0$0$103,477
80$263,578$0$0$83,473
81$216,492$0$0$60,466
82$162,272$0$0$34,120
83$100,119$0$0$4,062
84$29,147$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0