Can I retire at age 57 with 276,000?

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 $276,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$22,792$22,589$22,391$22,197$22,009$21,635
2 years$11,283$11,073$10,869$10,672$10,480$10,105
3 years$7,447$7,236$7,033$6,838$6,649$6,284
4 years$5,530$5,319$5,118$4,926$4,742$4,390
5 years$4,380$4,171$3,972$3,784$3,605$3,267
6 years$3,613$3,406$3,210$3,026$2,852$2,528
7 years$3,066$2,860$2,668$2,488$2,320$2,010
8 years$2,655$2,452$2,262$2,087$1,925$1,629
9 years$2,337$2,134$1,948$1,778$1,621$1,339
10 years$2,081$1,881$1,699$1,532$1,381$1,113
11 years$1,873$1,675$1,496$1,334$1,188$934
12 years$1,699$1,503$1,327$1,170$1,029$788
13 years$1,553$1,359$1,186$1,033$897$670
14 years$1,427$1,235$1,065$917$787$571
15 years$1,318$1,128$962$818$693$489
16 years$1,223$1,035$872$732$612$421
17 years$1,139$953$794$658$543$362
18 years$1,064$881$724$593$483$313
19 years$998$816$663$536$430$271
20 years$938$759$609$485$384$235
21 years$884$707$560$440$344$204
22 years$835$660$516$400$308$177
23 years$790$617$476$365$277$154
24 years$749$578$441$332$249$134
25 years$712$542$408$304$224$117
26 years$677$510$379$278$202$102
27 years$645$480$351$254$182$89
28 years$615$452$327$233$164$78
29 years$588$426$304$214$148$68
30 years$562$403$283$196$134$59
31 years$538$381$264$180$121$52
32 years$515$360$246$165$109$45
33 years$494$341$230$152$99$40
34 years$474$323$215$140$90$35
35 years$456$307$201$129$81$30
36 years$438$291$188$119$74$27
37 years$422$276$176$109$67$23
38 years$406$263$165$101$60$20
39 years$391$250$154$93$55$18
40 years$377$238$145$86$50$16
41 years$364$226$136$79$45$14
42 years$351$216$127$73$41$12
43 years$339$205$119$67$37$11
44 years$328$196$112$62$34$9
45 years$317$187$105$57$31$8
46 years$307$178$99$53$28$7
47 years$297$170$93$49$25$6
48 years$287$162$87$45$23$5
49 years$278$155$82$42$21$5
50 years$269$148$77$39$19$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $276,000, adding $6,523 every year, while hoping to spend $20,460 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: 39/43/18 Blend
56$276,000$276,000$276,000$276,000
57$310,880$296,252$291,974$321,107
58$320,821$289,000$279,986$321,783
59$331,090$280,706$266,911$320,069
60$341,699$271,298$252,690$317,786
61$352,660$260,699$237,263$314,896
62$363,987$248,829$220,567$311,354
63$375,692$235,601$202,535$307,115
64$387,791$220,924$183,098$302,133
65$400,298$204,701$162,185$296,355
66$413,229$186,832$139,718$289,730
67$426,600$167,208$115,620$282,201
68$440,429$145,717$89,809$273,708
69$454,732$122,237$62,197$264,191
70$469,530$96,642$32,696$253,582
71$484,843$68,798$1,212$241,813
72$500,691$38,563$0$228,811
73$517,097$5,788$0$220,719
74$534,085$0$0$211,889
75$551,679$0$0$216,070
76$569,906$0$0$223,241
77$588,794$0$0$230,675
78$608,372$0$0$238,384
79$628,672$0$0$246,382
80$649,727$0$0$254,681
81$671,573$0$0$263,296
82$694,248$0$0$272,244
83$717,793$0$0$281,539
84$742,250$0$0$291,202
85$767,666$0$0$301,249
86$794,090$0$0$311,702
87$821,575$0$0$322,583
88$850,178$0$0$333,915
89$879,960$0$0$345,723
90$910,985$0$0$358,034
91$943,326$0$0$370,879
92$977,057$0$0$384,288
93$1,012,260$0$0$398,295
94$1,049,024$0$0$412,937
95$1,087,443$0$0$428,255
96$1,127,621$0$0$444,291
97$1,169,668$0$0$461,091
98$1,213,706$0$0$478,707
99$1,259,864$0$0$497,193
100$1,308,285$0$0$516,609