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%17.6%
1 years$32,949$32,656$32,369$32,090$31,817$30,835
2 years$16,311$16,008$15,713$15,428$15,151$14,171
3 years$10,766$10,461$10,167$9,885$9,612$8,664
4 years$7,994$7,690$7,399$7,121$6,856$5,947
5 years$6,331$6,029$5,742$5,470$5,212$4,344
6 years$5,223$4,923$4,641$4,374$4,124$3,299
7 years$4,432$4,135$3,856$3,596$3,354$2,571
8 years$3,839$3,544$3,270$3,017$2,782$2,042
9 years$3,378$3,086$2,817$2,570$2,343$1,644
10 years$3,009$2,720$2,456$2,215$1,996$1,337
11 years$2,708$2,421$2,162$1,928$1,717$1,096
12 years$2,457$2,173$1,919$1,691$1,488$905
13 years$2,244$1,964$1,714$1,493$1,297$751
14 years$2,063$1,785$1,540$1,325$1,137$626
15 years$1,905$1,631$1,391$1,182$1,001$523
16 years$1,768$1,496$1,261$1,058$885$438
17 years$1,646$1,378$1,147$951$785$368
18 years$1,539$1,273$1,047$857$698$310
19 years$1,443$1,180$959$774$622$261
20 years$1,356$1,097$880$701$556$221
21 years$1,278$1,021$809$636$497$187
22 years$1,207$954$746$579$446$158
23 years$1,142$892$689$527$400$134
24 years$1,083$836$637$481$360$113
25 years$1,029$784$590$439$324$96
26 years$979$737$547$401$291$81
27 years$932$694$508$367$263$69
28 years$889$654$472$337$237$59
29 years$849$617$440$309$214$50
30 years$812$582$409$283$193$42
31 years$777$550$382$260$175$36
32 years$745$521$356$239$158$30
33 years$715$493$333$220$143$26
34 years$686$467$311$202$130$22
35 years$659$443$290$186$117$19
36 years$634$421$272$172$106$16
37 years$610$400$254$158$96$14
38 years$587$380$238$146$87$11
39 years$566$361$223$134$79$10
40 years$545$344$209$124$72$8
41 years$526$327$196$114$65$7
42 years$508$312$184$105$59$6
43 years$491$297$173$97$54$5
44 years$474$283$162$90$49$4
45 years$458$270$152$83$44$4
46 years$443$257$143$77$40$3
47 years$429$246$134$71$36$3
48 years$415$234$126$65$33$2
49 years$402$224$119$61$30$2
50 years$390$214$111$56$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $399,000, adding $2,508 every year, while hoping to spend $28,863 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: 64/14/22 Blend
56$399,000$399,000$399,000$399,000
57$442,285$421,138$414,954$467,925
58$456,688$411,064$398,144$475,430
59$471,593$399,529$379,805$480,155
60$487,020$386,430$359,853$484,655
61$502,992$371,661$338,204$488,909
62$519,531$355,106$314,767$492,898
63$536,662$336,645$289,451$496,600
64$554,410$316,150$262,156$499,992
65$572,804$293,485$232,783$503,050
66$591,872$268,507$201,223$505,750
67$611,645$241,066$167,366$508,066
68$632,156$211,002$131,096$509,971
69$653,440$178,145$92,292$511,439
70$675,534$142,318$50,827$512,441
71$698,479$103,332$6,570$512,946
72$722,316$60,987$0$512,926
73$747,091$15,074$0$521,892
74$772,853$0$0$532,534
75$799,653$0$0$548,645
76$827,549$0$0$567,836
77$856,599$0$0$587,826
78$886,868$0$0$608,661
79$918,426$0$0$630,388
80$951,348$0$0$653,060
81$985,713$0$0$676,733
82$1,021,610$0$0$701,469
83$1,059,132$0$0$727,332
84$1,098,381$0$0$754,394
85$1,139,466$0$0$782,732
86$1,182,507$0$0$812,430
87$1,227,633$0$0$843,577
88$1,274,984$0$0$876,272
89$1,324,712$0$0$910,621
90$1,376,982$0$0$946,740
91$1,431,974$0$0$984,756
92$1,489,883$0$0$1,024,805
93$1,550,922$0$0$1,067,036
94$1,615,323$0$0$1,111,612
95$1,683,338$0$0$1,158,711
96$1,755,243$0$0$1,208,526
97$1,831,339$0$0$1,261,269
98$1,911,954$0$0$1,317,169
99$1,997,447$0$0$1,376,480
100$2,088,210$0$0$1,439,476