Can I retire at age 57 with 393,000?

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 $393,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$32,454$32,164$31,882$31,607$31,338$31,024
2 years$16,066$15,767$15,477$15,196$14,923$14,606
3 years$10,604$10,304$10,015$9,736$9,468$9,159
4 years$7,874$7,574$7,288$7,014$6,753$6,453
5 years$6,236$5,938$5,656$5,388$5,133$4,845
6 years$5,145$4,849$4,571$4,309$4,062$3,785
7 years$4,365$4,072$3,798$3,542$3,303$3,037
8 years$3,781$3,491$3,221$2,972$2,740$2,486
9 years$3,327$3,039$2,774$2,531$2,308$2,064
10 years$2,964$2,679$2,419$2,182$1,966$1,734
11 years$2,667$2,385$2,130$1,899$1,691$1,470
12 years$2,420$2,141$1,890$1,666$1,465$1,255
13 years$2,211$1,934$1,688$1,470$1,278$1,077
14 years$2,032$1,758$1,517$1,305$1,120$930
15 years$1,877$1,606$1,370$1,164$986$806
16 years$1,741$1,474$1,242$1,042$872$701
17 years$1,622$1,357$1,130$937$773$611
18 years$1,516$1,254$1,032$844$687$534
19 years$1,421$1,162$944$763$613$468
20 years$1,336$1,080$867$691$547$411
21 years$1,259$1,006$797$627$490$361
22 years$1,189$939$735$570$439$318
23 years$1,125$878$678$519$394$281
24 years$1,067$823$627$473$354$248
25 years$1,013$772$581$432$319$219
26 years$964$726$539$395$287$193
27 years$918$683$500$362$259$171
28 years$876$644$465$332$234$152
29 years$837$607$433$304$211$134
30 years$800$573$403$279$191$119
31 years$766$542$376$256$172$105
32 years$734$513$351$235$156$94
33 years$704$486$328$217$141$83
34 years$676$460$306$199$128$74
35 years$649$437$286$183$116$65
36 years$624$414$268$169$105$58
37 years$601$394$251$156$95$52
38 years$578$374$235$143$86$46
39 years$557$356$220$132$78$41
40 years$537$338$206$122$71$36
41 years$518$322$193$113$64$32
42 years$500$307$181$104$58$29
43 years$483$292$170$96$53$25
44 years$467$279$160$89$48$23
45 years$451$266$150$82$44$20
46 years$437$254$141$76$40$18
47 years$422$242$132$70$36$16
48 years$409$231$124$64$33$14
49 years$396$221$117$60$30$13
50 years$384$211$110$55$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $393,000, adding $2,947 every year, while hoping to spend $29,819 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: 62/21/17 Blend
56$393,000$393,000$393,000$393,000
57$436,126$415,297$409,205$461,119
58$448,883$403,919$391,187$466,918
59$461,943$390,985$371,565$469,623
60$475,304$376,385$350,255$471,873
61$488,964$360,007$327,167$473,626
62$502,920$341,730$302,210$474,837
63$517,169$321,426$275,285$475,459
64$531,704$298,960$246,291$475,439
65$546,518$274,189$215,121$474,723
66$561,601$246,962$181,666$473,251
67$576,942$217,121$145,809$470,960
68$592,527$184,496$107,430$467,783
69$608,338$148,910$66,403$463,646
70$624,356$110,174$22,595$458,472
71$640,558$68,090$0$452,177
72$656,917$22,449$0$449,052
73$673,402$0$0$449,280
74$689,977$0$0$454,913
75$706,600$0$0$465,751
76$723,227$0$0$476,574
77$739,802$0$0$487,346
78$756,267$0$0$498,025
79$772,553$0$0$508,563
80$788,583$0$0$518,908
81$804,271$0$0$529,000
82$819,519$0$0$538,773
83$834,219$0$0$548,150
84$848,248$0$0$557,048
85$861,470$0$0$565,373
86$873,732$0$0$573,019
87$884,862$0$0$579,869
88$894,671$0$0$585,793
89$902,947$0$0$590,645
90$909,453$0$0$594,262
91$913,926$0$0$596,464
92$916,075$0$0$597,051
93$915,573$0$0$595,800
94$912,062$0$0$592,463
95$905,140$0$0$586,767
96$894,363$0$0$578,406
97$879,240$0$0$567,045
98$859,224$0$0$552,308
99$833,710$0$0$533,782
100$802,030$0$0$511,007