Can I retire at age 57 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$32,949$32,656$32,369$32,090$31,817$30,591
2 years$16,311$16,008$15,713$15,428$15,151$13,930
3 years$10,766$10,461$10,167$9,885$9,612$8,436
4 years$7,994$7,690$7,399$7,121$6,856$5,732
5 years$6,331$6,029$5,742$5,470$5,212$4,143
6 years$5,223$4,923$4,641$4,374$4,124$3,112
7 years$4,432$4,135$3,856$3,596$3,354$2,398
8 years$3,839$3,544$3,270$3,017$2,782$1,882
9 years$3,378$3,086$2,817$2,570$2,343$1,496
10 years$3,009$2,720$2,456$2,215$1,996$1,202
11 years$2,708$2,421$2,162$1,928$1,717$973
12 years$2,457$2,173$1,919$1,691$1,488$792
13 years$2,244$1,964$1,714$1,493$1,297$649
14 years$2,063$1,785$1,540$1,325$1,137$533
15 years$1,905$1,631$1,391$1,182$1,001$439
16 years$1,768$1,496$1,261$1,058$885$363
17 years$1,646$1,378$1,147$951$785$300
18 years$1,539$1,273$1,047$857$698$249
19 years$1,443$1,180$959$774$622$207
20 years$1,356$1,097$880$701$556$172
21 years$1,278$1,021$809$636$497$143
22 years$1,207$954$746$579$446$119
23 years$1,142$892$689$527$400$99
24 years$1,083$836$637$481$360$83
25 years$1,029$784$590$439$324$69
26 years$979$737$547$401$291$58
27 years$932$694$508$367$263$48
28 years$889$654$472$337$237$40
29 years$849$617$440$309$214$34
30 years$812$582$409$283$193$28
31 years$777$550$382$260$175$23
32 years$745$521$356$239$158$20
33 years$715$493$333$220$143$16
34 years$686$467$311$202$130$14
35 years$659$443$290$186$117$11
36 years$634$421$272$172$106$10
37 years$610$400$254$158$96$8
38 years$587$380$238$146$87$7
39 years$566$361$223$134$79$6
40 years$545$344$209$124$72$5
41 years$526$327$196$114$65$4
42 years$508$312$184$105$59$3
43 years$491$297$173$97$54$3
44 years$474$283$162$90$49$2
45 years$458$270$152$83$44$2
46 years$443$257$143$77$40$2
47 years$429$246$134$71$36$1
48 years$415$234$126$65$33$1
49 years$402$224$119$61$30$1
50 years$390$214$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 $399,000, adding $5,503 every year, while hoping to spend $26,297 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: 67/14/19 Blend
56$399,000$399,000$399,000$399,000
57$445,374$424,227$418,043$472,766
58$462,823$417,035$404,067$484,593
59$481,169$408,608$388,743$493,964
60$500,478$398,860$371,995$503,575
61$520,819$387,696$353,749$513,447
62$542,267$375,018$333,924$523,607
63$564,906$360,720$312,437$534,085
64$588,824$344,693$289,202$544,912
65$614,120$326,819$264,126$556,126
66$640,901$306,974$237,115$567,771
67$669,284$285,027$208,070$579,893
68$699,397$260,840$176,887$592,546
69$731,380$234,266$143,457$605,791
70$765,386$205,149$107,667$619,696
71$801,581$173,328$69,400$634,338
72$840,149$138,628$28,532$649,800
73$881,291$100,867$0$666,181
74$925,226$59,852$0$686,645
75$972,194$15,380$0$714,626
76$1,022,460$0$0$744,498
77$1,076,312$0$0$781,487
78$1,134,069$0$0$823,715
79$1,196,078$0$0$869,070
80$1,262,722$0$0$917,833
81$1,334,419$0$0$970,314
82$1,411,631$0$0$1,026,852
83$1,494,863$0$0$1,087,821
84$1,584,672$0$0$1,153,629
85$1,681,666$0$0$1,224,727
86$1,786,518$0$0$1,301,611
87$1,899,965$0$0$1,384,823
88$2,022,816$0$0$1,474,963
89$2,155,964$0$0$1,572,686
90$2,300,387$0$0$1,678,716
91$2,457,164$0$0$1,793,849
92$2,627,479$0$0$1,918,958
93$2,812,637$0$0$2,055,005
94$3,014,071$0$0$2,203,049
95$3,233,359$0$0$2,364,254
96$3,472,238$0$0$2,539,901
97$3,732,619$0$0$2,731,402
98$4,016,605$0$0$2,940,306
99$4,326,509$0$0$3,168,324
100$4,664,881$0$0$3,417,335