Can I retire at age 57 with 403,000?

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 $403,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$33,279$32,983$32,694$32,411$32,136$31,616
2 years$16,475$16,168$15,871$15,582$15,303$14,781
3 years$10,874$10,566$10,269$9,984$9,709$9,201
4 years$8,074$7,767$7,474$7,193$6,924$6,434
5 years$6,395$6,090$5,800$5,525$5,264$4,793
6 years$5,276$4,973$4,687$4,418$4,165$3,713
7 years$4,476$4,176$3,895$3,632$3,387$2,956
8 years$3,877$3,580$3,303$3,047$2,810$2,398
9 years$3,412$3,117$2,845$2,595$2,366$1,974
10 years$3,039$2,747$2,480$2,237$2,016$1,643
11 years$2,735$2,446$2,184$1,947$1,734$1,380
12 years$2,481$2,195$1,938$1,708$1,503$1,166
13 years$2,267$1,984$1,731$1,508$1,310$992
14 years$2,083$1,803$1,556$1,338$1,149$848
15 years$1,924$1,647$1,405$1,194$1,011$727
16 years$1,785$1,511$1,273$1,069$894$626
17 years$1,663$1,392$1,159$960$793$540
18 years$1,554$1,286$1,058$865$705$467
19 years$1,457$1,192$968$782$628$405
20 years$1,370$1,108$889$708$561$351
21 years$1,291$1,032$817$643$502$306
22 years$1,219$963$753$584$450$266
23 years$1,154$901$696$532$404$232
24 years$1,094$844$643$485$363$202
25 years$1,039$792$596$443$327$177
26 years$988$744$553$405$294$154
27 years$942$701$513$371$265$135
28 years$898$660$477$340$239$118
29 years$858$623$444$312$216$103
30 years$820$588$414$286$195$90
31 years$785$556$386$263$177$79
32 years$752$526$360$241$160$69
33 years$722$498$336$222$145$61
34 years$693$472$314$204$131$53
35 years$666$448$293$188$119$47
36 years$640$425$274$173$107$41
37 years$616$404$257$160$97$36
38 years$593$384$241$147$88$31
39 years$571$365$225$136$80$28
40 years$551$347$211$125$73$24
41 years$532$330$198$115$66$21
42 years$513$315$186$107$60$19
43 years$496$300$174$98$54$16
44 years$479$286$164$91$49$14
45 years$463$273$154$84$45$13
46 years$448$260$144$77$41$11
47 years$433$248$136$72$37$10
48 years$419$237$127$66$33$9
49 years$406$226$120$61$30$7
50 years$393$216$113$56$28$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $403,000, adding $4,718 every year, while hoping to spend $29,315 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: 52/41/7 Blend
56$403,000$403,000$403,000$403,000
57$448,973$427,614$421,367$471,308
58$463,577$417,376$404,292$476,760
59$478,688$405,654$385,662$479,104
60$494,328$392,344$365,395$480,952
61$510,517$377,336$343,404$482,262
62$527,279$360,515$319,597$482,992
63$544,638$341,758$293,881$483,096
64$562,621$320,934$266,155$482,525
65$581,255$297,906$236,318$481,230
66$600,568$272,529$204,260$479,156
67$620,593$244,649$169,869$476,247
68$641,361$214,104$133,027$472,443
69$662,907$180,723$93,611$467,683
70$685,270$144,324$51,493$461,900
71$708,487$104,716$6,538$455,025
72$732,603$61,697$0$446,986
73$757,662$15,054$0$440,800
74$783,712$0$0$434,016
75$810,805$0$0$442,061
76$838,998$0$0$457,506
77$868,348$0$0$473,592
78$898,922$0$0$490,355
79$930,787$0$0$507,835
80$964,018$0$0$526,073
81$998,695$0$0$545,115
82$1,034,903$0$0$565,007
83$1,072,737$0$0$585,804
84$1,112,296$0$0$607,563
85$1,153,689$0$0$630,343
86$1,197,035$0$0$654,213
87$1,242,461$0$0$679,244
88$1,290,105$0$0$705,515
89$1,340,117$0$0$733,110
90$1,392,661$0$0$762,123
91$1,447,914$0$0$792,653
92$1,506,068$0$0$824,810
93$1,567,334$0$0$858,714
94$1,631,940$0$0$894,494
95$1,700,135$0$0$932,291
96$1,772,190$0$0$972,260
97$1,848,403$0$0$1,014,570
98$1,929,095$0$0$1,059,404
99$2,014,622$0$0$1,106,963
100$2,105,367$0$0$1,157,468