Can I retire at age 57 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$32,866$32,574$32,288$32,009$31,737$30,611
2 years$16,271$15,968$15,674$15,389$15,113$13,990
3 years$10,739$10,435$10,142$9,860$9,588$8,505
4 years$7,974$7,671$7,381$7,104$6,838$5,802
5 years$6,316$6,014$5,728$5,456$5,198$4,212
6 years$5,210$4,911$4,629$4,363$4,113$3,177
7 years$4,421$4,124$3,847$3,587$3,345$2,460
8 years$3,829$3,535$3,262$3,009$2,775$1,939
9 years$3,369$3,078$2,810$2,563$2,337$1,550
10 years$3,002$2,713$2,450$2,210$1,991$1,251
11 years$2,701$2,415$2,157$1,923$1,713$1,018
12 years$2,451$2,168$1,914$1,687$1,484$834
13 years$2,239$1,959$1,710$1,489$1,294$686
14 years$2,058$1,781$1,536$1,322$1,134$567
15 years$1,901$1,627$1,387$1,179$999$470
16 years$1,763$1,493$1,258$1,056$883$390
17 years$1,642$1,375$1,144$948$783$325
18 years$1,535$1,270$1,045$855$696$271
19 years$1,439$1,177$956$772$620$227
20 years$1,353$1,094$878$699$554$190
21 years$1,275$1,019$807$635$496$159
22 years$1,204$951$744$577$444$133
23 years$1,139$890$687$526$399$112
24 years$1,080$833$635$479$359$94
25 years$1,026$782$589$438$323$79
26 years$976$735$546$400$291$66
27 years$930$692$507$366$262$55
28 years$887$652$471$336$236$47
29 years$847$615$438$308$214$39
30 years$810$581$408$283$193$33
31 years$776$549$381$260$174$28
32 years$743$520$355$238$158$23
33 years$713$492$332$219$143$20
34 years$684$466$310$202$129$17
35 years$657$442$290$186$117$14
36 years$632$420$271$171$106$12
37 years$608$399$254$158$96$10
38 years$586$379$238$145$87$8
39 years$564$360$223$134$79$7
40 years$544$343$209$124$72$6
41 years$525$326$196$114$65$5
42 years$507$311$184$105$59$4
43 years$489$296$172$97$54$3
44 years$473$282$162$90$49$3
45 years$457$269$152$83$44$2
46 years$442$257$143$76$40$2
47 years$428$245$134$71$36$2
48 years$414$234$126$65$33$1
49 years$401$223$118$60$30$1
50 years$389$213$111$56$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $398,000, adding $5,961 every year, while hoping to spend $20,207 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: 62/26/12 Blend
56$398,000$398,000$398,000$398,000
57$444,745$423,651$417,482$470,698
58$468,609$422,910$409,967$488,081
59$494,229$421,455$401,524$504,196
60$521,765$419,230$392,099$521,290
61$551,388$416,176$381,638$539,457
62$583,290$412,229$370,083$558,803
63$617,679$407,321$357,374$579,446
64$654,785$401,383$343,449$601,515
65$694,860$394,337$328,241$625,153
66$738,181$386,105$311,683$650,521
67$785,053$376,602$293,701$677,793
68$835,811$365,738$274,223$707,165
69$890,822$353,417$253,168$738,853
70$950,492$339,541$230,455$773,097
71$1,015,265$324,002$205,998$810,160
72$1,085,632$306,687$179,709$850,336
73$1,162,131$287,480$151,494$893,949
74$1,245,354$266,252$121,255$941,357
75$1,335,954$242,872$88,890$992,956
76$1,434,647$217,199$54,294$1,049,187
77$1,542,224$189,084$17,355$1,110,533
78$1,659,552$158,371$0$1,177,531
79$1,787,589$124,893$0$1,253,600
80$1,927,386$88,476$0$1,339,126
81$2,080,103$48,935$0$1,432,625
82$2,247,015$6,074$0$1,534,915
83$2,429,526$0$0$1,646,900
84$2,629,183$0$0$1,781,110
85$2,847,688$0$0$1,929,920
86$3,086,916$0$0$2,092,875
87$3,348,931$0$0$2,271,383
88$3,636,007$0$0$2,466,997
89$3,950,647$0$0$2,681,428
90$4,295,609$0$0$2,916,559
91$4,673,930$0$0$3,174,464
92$5,088,956$0$0$3,457,429
93$5,544,370$0$0$3,767,970
94$6,044,231$0$0$4,108,860
95$6,593,009$0$0$4,483,152
96$7,195,629$0$0$4,894,211
97$7,857,516$0$0$5,345,741
98$8,584,644$0$0$5,841,825
99$9,383,599$0$0$6,386,961
100$10,261,631$0$0$6,986,103