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%12.5%
1 years$32,866$32,574$32,288$32,009$31,737$31,406
2 years$16,271$15,968$15,674$15,389$15,113$14,779
3 years$10,739$10,435$10,142$9,860$9,588$9,262
4 years$7,974$7,671$7,381$7,104$6,838$6,523
5 years$6,316$6,014$5,728$5,456$5,198$4,895
6 years$5,210$4,911$4,629$4,363$4,113$3,821
7 years$4,421$4,124$3,847$3,587$3,345$3,065
8 years$3,829$3,535$3,262$3,009$2,775$2,507
9 years$3,369$3,078$2,810$2,563$2,337$2,081
10 years$3,002$2,713$2,450$2,210$1,991$1,747
11 years$2,701$2,415$2,157$1,923$1,713$1,480
12 years$2,451$2,168$1,914$1,687$1,484$1,262
13 years$2,239$1,959$1,710$1,489$1,294$1,083
14 years$2,058$1,781$1,536$1,322$1,134$934
15 years$1,901$1,627$1,387$1,179$999$809
16 years$1,763$1,493$1,258$1,056$883$703
17 years$1,642$1,375$1,144$948$783$613
18 years$1,535$1,270$1,045$855$696$535
19 years$1,439$1,177$956$772$620$469
20 years$1,353$1,094$878$699$554$411
21 years$1,275$1,019$807$635$496$361
22 years$1,204$951$744$577$444$318
23 years$1,139$890$687$526$399$280
24 years$1,080$833$635$479$359$247
25 years$1,026$782$589$438$323$218
26 years$976$735$546$400$291$193
27 years$930$692$507$366$262$170
28 years$887$652$471$336$236$151
29 years$847$615$438$308$214$133
30 years$810$581$408$283$193$118
31 years$776$549$381$260$174$105
32 years$743$520$355$238$158$93
33 years$713$492$332$219$143$82
34 years$684$466$310$202$129$73
35 years$657$442$290$186$117$65
36 years$632$420$271$171$106$57
37 years$608$399$254$158$96$51
38 years$586$379$238$145$87$45
39 years$564$360$223$134$79$40
40 years$544$343$209$124$72$36
41 years$525$326$196$114$65$32
42 years$507$311$184$105$59$28
43 years$489$296$172$97$54$25
44 years$473$282$162$90$49$22
45 years$457$269$152$83$44$20
46 years$442$257$143$76$40$17
47 years$428$245$134$71$36$16
48 years$414$234$126$65$33$14
49 years$401$223$118$60$30$12
50 years$389$213$111$56$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $398,000, adding $6,801 every year, while hoping to spend $31,767 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: 48/23/29 Blend
56$398,000$398,000$398,000$398,000
57$445,611$424,517$418,348$463,028
58$457,264$411,519$398,563$462,981
59$469,040$396,819$377,050$459,290
60$480,919$380,300$353,719$454,672
61$492,878$361,839$328,473$449,056
62$504,887$341,305$301,213$442,366
63$516,916$318,560$271,834$434,520
64$528,929$293,456$240,227$425,432
65$540,884$265,840$206,280$415,008
66$552,737$235,549$169,872$403,149
67$564,433$202,408$130,880$389,750
68$575,915$166,236$89,175$374,695
69$587,117$126,840$44,620$357,863
70$597,963$84,015$0$339,123
71$608,371$37,548$0$319,241
72$618,248$0$0$311,954
73$627,488$0$0$306,564
74$635,975$0$0$310,255
75$643,579$0$0$313,453
76$650,155$0$0$316,082
77$655,541$0$0$318,055
78$659,557$0$0$319,275
79$662,003$0$0$319,636
80$662,656$0$0$319,020
81$661,270$0$0$317,294
82$657,569$0$0$314,313
83$651,250$0$0$309,915
84$641,974$0$0$303,919
85$629,367$0$0$296,127
86$613,015$0$0$286,319
87$592,457$0$0$274,250
88$567,186$0$0$259,650
89$536,637$0$0$242,219
90$500,188$0$0$221,627
91$457,148$0$0$197,508
92$406,756$0$0$169,456
93$348,167$0$0$137,026
94$280,450$0$0$99,721
95$202,573$0$0$56,996
96$113,400$0$0$8,247
97$11,670$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0