Can I retire at age 57 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$32,206$31,919$31,639$31,366$31,099$30,711
2 years$15,943$15,647$15,359$15,080$14,809$14,418
3 years$10,523$10,225$9,938$9,662$9,396$9,014
4 years$7,814$7,517$7,232$6,961$6,701$6,332
5 years$6,189$5,893$5,613$5,347$5,094$4,739
6 years$5,105$4,812$4,536$4,276$4,031$3,690
7 years$4,332$4,041$3,769$3,515$3,278$2,952
8 years$3,752$3,464$3,197$2,949$2,719$2,407
9 years$3,302$3,016$2,753$2,512$2,290$1,992
10 years$2,941$2,659$2,400$2,165$1,951$1,667
11 years$2,647$2,367$2,113$1,884$1,678$1,408
12 years$2,401$2,124$1,875$1,653$1,454$1,197
13 years$2,194$1,920$1,676$1,459$1,268$1,024
14 years$2,016$1,745$1,506$1,295$1,112$880
15 years$1,862$1,594$1,359$1,155$979$760
16 years$1,728$1,463$1,232$1,034$865$658
17 years$1,609$1,347$1,121$929$767$571
18 years$1,504$1,245$1,024$838$682$498
19 years$1,410$1,154$937$757$608$434
20 years$1,325$1,072$860$685$543$379
21 years$1,249$998$791$622$486$332
22 years$1,180$932$729$566$436$291
23 years$1,117$872$673$515$391$255
24 years$1,059$817$623$470$351$224
25 years$1,005$766$577$429$316$197
26 years$956$720$535$392$285$174
27 years$911$678$497$359$257$153
28 years$869$639$462$329$232$135
29 years$830$603$430$302$209$119
30 years$794$569$400$277$189$105
31 years$760$538$373$254$171$92
32 years$728$509$348$234$155$82
33 years$698$482$325$215$140$72
34 years$670$457$304$198$127$64
35 years$644$433$284$182$115$56
36 years$619$411$266$168$104$50
37 years$596$391$249$154$94$44
38 years$574$371$233$142$85$39
39 years$553$353$218$131$77$34
40 years$533$336$204$121$70$30
41 years$514$320$192$112$64$27
42 years$497$305$180$103$58$24
43 years$480$290$169$95$52$21
44 years$463$277$158$88$48$19
45 years$448$264$149$81$43$16
46 years$433$252$140$75$39$14
47 years$419$240$131$69$36$13
48 years$406$229$123$64$32$11
49 years$393$219$116$59$29$10
50 years$381$209$109$55$27$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $390,000, adding $4,684 every year, while hoping to spend $20,422 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: 39/36/25 Blend
56$390,000$390,000$390,000$390,000
57$434,612$413,942$407,897$448,181
58$457,213$412,496$399,832$457,012
59$481,435$410,295$390,813$464,306
60$507,423$407,280$380,786$471,792
61$535,332$403,389$369,695$479,500
62$565,337$398,556$357,481$487,464
63$597,628$392,712$344,083$495,724
64$632,413$385,782$329,437$504,325
65$669,922$377,688$313,476$513,320
66$710,406$368,347$296,129$522,765
67$754,143$357,671$277,325$532,730
68$801,435$345,567$256,985$543,289
69$852,618$331,936$235,031$554,528
70$908,060$316,675$211,379$566,544
71$968,163$299,674$185,941$579,448
72$1,033,372$280,814$158,626$593,361
73$1,104,176$259,974$129,341$608,424
74$1,181,112$237,023$97,984$624,793
75$1,264,772$211,823$64,452$642,641
76$1,355,805$184,229$28,637$662,168
77$1,454,927$154,086$0$683,591
78$1,562,926$121,233$0$709,716
79$1,680,668$85,497$0$746,578
80$1,809,106$46,697$0$786,873
81$1,949,292$4,642$0$830,980
82$2,102,379$0$0$879,317
83$2,269,641$0$0$948,543
84$2,452,477$0$0$1,026,275
85$2,652,430$0$0$1,111,336
86$2,871,196$0$0$1,204,456
87$3,110,645$0$0$1,306,436
88$3,372,836$0$0$1,418,161
89$3,660,034$0$0$1,540,604
90$3,974,737$0$0$1,674,836
91$4,319,693$0$0$1,822,038
92$4,697,929$0$0$1,983,510
93$5,112,781$0$0$2,160,685
94$5,567,922$0$0$2,355,140
95$6,067,396$0$0$2,568,611
96$6,615,660$0$0$2,803,015
97$7,217,623$0$0$3,060,458
98$7,878,691$0$0$3,343,264
99$8,604,823$0$0$3,653,991
100$9,402,578$0$0$3,995,459