Can I retire at age 57 with 394,000?

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 $394,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$32,536$32,246$31,964$31,688$31,418$30,872
2 years$16,107$15,807$15,516$15,234$14,961$14,413
3 years$10,631$10,330$10,040$9,761$9,492$8,958
4 years$7,894$7,594$7,307$7,032$6,770$6,255
5 years$6,252$5,954$5,670$5,401$5,146$4,652
6 years$5,158$4,862$4,582$4,320$4,072$3,599
7 years$4,377$4,083$3,808$3,551$3,312$2,859
8 years$3,791$3,500$3,229$2,979$2,747$2,316
9 years$3,335$3,047$2,782$2,538$2,314$1,903
10 years$2,971$2,686$2,425$2,187$1,971$1,581
11 years$2,674$2,391$2,135$1,904$1,695$1,325
12 years$2,426$2,146$1,895$1,670$1,469$1,118
13 years$2,216$1,939$1,693$1,474$1,281$949
14 years$2,037$1,763$1,521$1,309$1,123$809
15 years$1,881$1,610$1,373$1,167$989$693
16 years$1,746$1,478$1,245$1,045$874$595
17 years$1,626$1,361$1,133$939$775$512
18 years$1,520$1,257$1,034$846$689$442
19 years$1,424$1,165$947$765$614$382
20 years$1,339$1,083$869$692$549$331
21 years$1,262$1,009$799$628$491$287
22 years$1,192$942$737$571$440$250
23 years$1,128$881$680$520$395$217
24 years$1,069$825$629$475$355$189
25 years$1,016$774$583$433$319$165
26 years$966$728$540$396$288$143
27 years$921$685$502$363$259$125
28 years$878$645$466$332$234$109
29 years$839$609$434$305$211$95
30 years$802$575$404$280$191$83
31 years$768$544$377$257$173$73
32 years$736$514$352$236$156$64
33 years$706$487$328$217$141$56
34 years$677$462$307$200$128$49
35 years$651$438$287$184$116$42
36 years$626$416$268$169$105$37
37 years$602$395$251$156$95$32
38 years$580$375$235$144$86$28
39 years$559$357$220$133$78$25
40 years$539$339$207$122$71$22
41 years$520$323$194$113$64$19
42 years$502$308$182$104$58$17
43 years$484$293$170$96$53$15
44 years$468$279$160$89$48$13
45 years$453$266$150$82$44$11
46 years$438$254$141$76$40$10
47 years$424$243$133$70$36$9
48 years$410$232$125$65$33$7
49 years$397$221$117$60$30$7
50 years$385$211$110$55$27$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $394,000, adding $6,687 every year, while hoping to spend $31,810 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: 74/9/17 Blend
56$394,000$394,000$394,000$394,000
57$441,086$420,204$414,097$471,532
58$452,231$406,948$394,123$479,347
59$463,447$391,977$372,415$483,357
60$474,707$375,172$348,879$486,912
61$485,981$356,410$323,421$489,959
62$497,235$335,558$295,939$492,440
63$508,430$312,477$266,331$494,291
64$519,522$287,021$234,485$495,445
65$530,462$259,033$200,288$495,825
66$541,192$228,349$163,621$495,349
67$551,651$194,795$124,359$493,929
68$561,767$158,188$82,373$491,466
69$571,460$118,333$37,526$487,854
70$580,644$75,025$0$482,976
71$589,217$28,049$0$478,578
72$597,069$0$0$480,034
73$604,076$0$0$482,667
74$610,100$0$0$487,266
75$614,987$0$0$490,929
76$618,566$0$0$493,514
77$620,648$0$0$494,868
78$621,020$0$0$494,817
79$619,447$0$0$493,168
80$615,669$0$0$489,710
81$609,397$0$0$484,206
82$600,309$0$0$476,393
83$588,049$0$0$465,982
84$572,225$0$0$452,650
85$552,398$0$0$436,041
86$528,086$0$0$415,760
87$498,753$0$0$391,371
88$463,808$0$0$362,391
89$422,595$0$0$328,283
90$374,389$0$0$288,459
91$318,391$0$0$242,262
92$253,714$0$0$188,972
93$179,379$0$0$127,789
94$94,306$0$0$57,831
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