Can I retire at age 57 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$32,371$32,083$31,801$31,527$31,259$30,090
2 years$16,025$15,727$15,438$15,157$14,885$13,721
3 years$10,577$10,278$9,989$9,711$9,444$8,321
4 years$7,854$7,555$7,270$6,996$6,735$5,662
5 years$6,220$5,923$5,641$5,374$5,120$4,100
6 years$5,132$4,837$4,559$4,298$4,051$3,084
7 years$4,354$4,062$3,789$3,533$3,295$2,381
8 years$3,772$3,482$3,213$2,964$2,733$1,871
9 years$3,319$3,032$2,767$2,525$2,302$1,491
10 years$2,956$2,672$2,413$2,176$1,961$1,200
11 years$2,660$2,379$2,124$1,894$1,687$973
12 years$2,414$2,135$1,885$1,661$1,462$794
13 years$2,205$1,930$1,684$1,467$1,275$651
14 years$2,026$1,754$1,513$1,302$1,117$536
15 years$1,872$1,602$1,366$1,161$984$443
16 years$1,737$1,470$1,239$1,040$870$367
17 years$1,618$1,354$1,127$934$771$304
18 years$1,512$1,251$1,029$842$686$253
19 years$1,417$1,159$942$761$611$211
20 years$1,332$1,077$865$689$546$175
21 years$1,256$1,004$795$625$488$146
22 years$1,186$937$733$568$438$122
23 years$1,122$876$677$518$393$102
24 years$1,064$821$626$472$353$85
25 years$1,011$770$580$431$318$71
26 years$961$724$538$394$286$60
27 years$916$681$499$361$258$50
28 years$874$642$464$331$233$42
29 years$834$606$432$303$210$35
30 years$798$572$402$278$190$29
31 years$764$541$375$256$172$25
32 years$732$512$350$235$155$21
33 years$702$485$327$216$141$17
34 years$674$459$305$199$127$14
35 years$647$436$285$183$115$12
36 years$623$413$267$169$104$10
37 years$599$393$250$155$95$8
38 years$577$373$234$143$86$7
39 years$556$355$219$132$78$6
40 years$536$338$205$122$71$5
41 years$517$321$193$112$64$4
42 years$499$306$181$104$58$4
43 years$482$292$170$96$53$3
44 years$466$278$159$88$48$2
45 years$450$265$149$82$43$2
46 years$436$253$140$75$39$2
47 years$421$241$132$70$36$1
48 years$408$230$124$64$33$1
49 years$395$220$117$59$30$1
50 years$383$210$110$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $392,000, adding $3,738 every year, while hoping to spend $21,771 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: 75/20/5 Blend
56$392,000$392,000$392,000$392,000
57$435,840$415,064$408,988$468,097
58$457,131$412,238$399,525$486,990
59$479,865$408,543$389,015$504,525
60$504,164$403,916$377,400$523,104
61$530,166$398,285$364,620$542,821
62$558,020$391,577$350,612$563,781
63$587,888$383,714$335,307$586,099
64$619,951$374,615$318,638$609,904
65$654,405$364,190$300,532$635,335
66$691,467$352,348$280,912$662,548
67$731,374$338,991$259,701$691,715
68$774,387$324,014$236,813$723,025
69$820,793$307,309$212,165$756,689
70$870,905$288,759$185,664$792,936
71$925,070$268,241$157,217$832,022
72$983,669$245,625$126,724$874,229
73$1,047,117$220,776$94,084$919,868
74$1,115,876$193,546$59,188$969,283
75$1,190,449$163,784$21,925$1,022,854
76$1,271,393$131,327$0$1,080,999
77$1,359,318$96,005$0$1,145,134
78$1,454,896$57,637$0$1,216,127
79$1,558,866$16,032$0$1,293,379
80$1,672,041$0$0$1,377,519
81$1,795,317$0$0$1,475,627
82$1,929,677$0$0$1,586,418
83$2,076,207$0$0$1,707,258
84$2,236,098$0$0$1,839,133
85$2,410,663$0$0$1,983,128
86$2,601,349$0$0$2,140,437
87$2,809,746$0$0$2,312,376
88$3,037,605$0$0$2,500,390
89$3,286,856$0$0$2,706,075
90$3,559,622$0$0$2,931,185
91$3,858,242$0$0$3,177,653
92$4,185,291$0$0$3,447,606
93$4,543,604$0$0$3,743,389
94$4,936,304$0$0$4,067,581
95$5,366,831$0$0$4,423,025
96$5,838,974$0$0$4,812,852
97$6,356,903$0$0$5,240,509
98$6,925,216$0$0$5,709,795
99$7,548,974$0$0$6,224,893
100$8,233,753$0$0$6,790,411