Can I retire at age 57 with 388,000?

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 $388,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$32,041$31,755$31,477$31,205$30,940$29,806
2 years$15,862$15,566$15,280$15,002$14,733$13,604
3 years$10,469$10,173$9,887$9,612$9,347$8,258
4 years$7,774$7,478$7,195$6,925$6,667$5,625
5 years$6,157$5,863$5,584$5,319$5,068$4,077
6 years$5,079$4,787$4,513$4,254$4,010$3,070
7 years$4,310$4,021$3,750$3,497$3,261$2,373
8 years$3,733$3,446$3,180$2,934$2,705$1,867
9 years$3,285$3,001$2,739$2,499$2,278$1,490
10 years$2,926$2,645$2,388$2,154$1,941$1,200
11 years$2,633$2,355$2,102$1,875$1,670$975
12 years$2,389$2,113$1,866$1,644$1,447$797
13 years$2,183$1,910$1,667$1,452$1,262$654
14 years$2,006$1,736$1,498$1,289$1,106$539
15 years$1,853$1,586$1,352$1,149$974$446
16 years$1,719$1,455$1,226$1,029$861$370
17 years$1,601$1,340$1,116$925$763$307
18 years$1,496$1,238$1,018$833$679$256
19 years$1,403$1,148$932$753$605$213
20 years$1,319$1,066$856$682$540$178
21 years$1,243$993$787$619$483$149
22 years$1,174$927$725$563$433$124
23 years$1,111$867$670$512$389$104
24 years$1,053$813$619$467$350$87
25 years$1,000$763$574$427$315$73
26 years$952$717$532$390$283$61
27 years$907$674$494$357$255$51
28 years$865$636$459$327$231$43
29 years$826$600$427$300$208$36
30 years$790$566$398$275$188$30
31 years$756$535$371$253$170$25
32 years$724$506$346$233$154$21
33 years$695$480$323$214$139$18
34 years$667$455$302$197$126$15
35 years$641$431$282$181$114$13
36 years$616$409$264$167$103$11
37 years$593$389$247$154$94$9
38 years$571$369$232$142$85$7
39 years$550$351$217$131$77$6
40 years$530$334$203$120$70$5
41 years$512$318$191$111$63$4
42 years$494$303$179$103$58$4
43 years$477$289$168$95$52$3
44 years$461$275$158$87$47$3
45 years$446$262$148$81$43$2
46 years$431$250$139$75$39$2
47 years$417$239$131$69$35$2
48 years$404$228$123$64$32$1
49 years$391$218$115$59$29$1
50 years$379$208$108$54$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $388,000, adding $6,241 every year, while hoping to spend $30,694 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: 43/40/17 Blend
56$388,000$388,000$388,000$388,000
57$434,014$413,450$407,436$450,284
58$445,625$401,050$388,427$449,948
59$457,392$387,015$367,752$446,073
60$469,298$371,231$345,324$441,224
61$481,323$353,578$321,049$435,327
62$493,447$333,932$294,833$428,300
63$505,642$312,158$266,573$420,058
64$517,880$288,117$236,166$410,510
65$530,127$261,658$203,501$399,558
66$542,345$232,624$168,463$387,097
67$554,491$200,849$130,934$373,017
68$566,516$166,158$90,787$357,199
69$578,364$128,363$47,892$339,516
70$589,974$87,270$2,113$319,832
71$601,276$42,671$0$298,002
72$612,191$0$0$282,349
73$622,631$0$0$267,679
74$632,498$0$0$271,493
75$641,682$0$0$274,956
76$650,060$0$0$278,008
77$657,494$0$0$280,585
78$663,832$0$0$282,613
79$668,904$0$0$284,010
80$672,520$0$0$284,685
81$674,469$0$0$284,538
82$674,518$0$0$283,457
83$672,407$0$0$281,317
84$667,846$0$0$277,980
85$660,516$0$0$273,295
86$650,061$0$0$267,090
87$636,089$0$0$259,179
88$618,163$0$0$249,354
89$595,800$0$0$237,385
90$568,465$0$0$223,016
91$535,566$0$0$205,967
92$496,450$0$0$185,925
93$450,390$0$0$162,545
94$396,586$0$0$135,447
95$334,153$0$0$104,210
96$262,110$0$0$68,366
97$179,376$0$0$27,403
98$84,755$0$0$0
99$0$0$0$0
100$0$0$0$0