Can I retire at age 57 with 292,000?

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 $292,000?

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$24,113$23,898$23,689$23,484$23,284$23,041
2 years$11,937$11,715$11,499$11,290$11,088$10,843
3 years$7,879$7,656$7,441$7,234$7,035$6,796
4 years$5,850$5,628$5,415$5,212$5,017$4,786
5 years$4,634$4,412$4,202$4,003$3,814$3,591
6 years$3,823$3,603$3,396$3,201$3,018$2,804
7 years$3,243$3,026$2,822$2,632$2,454$2,249
8 years$2,809$2,594$2,393$2,208$2,036$1,839
9 years$2,472$2,258$2,061$1,881$1,715$1,527
10 years$2,202$1,991$1,797$1,621$1,461$1,282
11 years$1,982$1,772$1,582$1,411$1,257$1,086
12 years$1,798$1,590$1,404$1,238$1,089$926
13 years$1,643$1,437$1,255$1,093$950$795
14 years$1,510$1,306$1,127$970$832$685
15 years$1,394$1,194$1,018$865$733$594
16 years$1,294$1,095$923$774$648$516
17 years$1,205$1,008$840$696$574$450
18 years$1,126$932$766$627$511$393
19 years$1,056$864$702$567$455$344
20 years$992$803$644$513$407$302
21 years$935$748$592$466$364$265
22 years$883$698$546$423$326$233
23 years$836$653$504$386$293$206
24 years$793$611$466$352$263$181
25 years$753$574$432$321$237$160
26 years$716$539$400$294$213$141
27 years$682$508$372$269$192$125
28 years$651$478$346$246$173$111
29 years$622$451$322$226$157$98
30 years$594$426$300$207$142$87
31 years$569$403$279$190$128$77
32 years$545$381$261$175$116$68
33 years$523$361$243$161$105$60
34 years$502$342$227$148$95$53
35 years$482$324$213$136$86$47
36 years$464$308$199$126$78$42
37 years$446$293$186$116$71$37
38 years$430$278$174$107$64$33
39 years$414$264$163$98$58$29
40 years$399$251$153$91$53$26
41 years$385$239$144$84$48$23
42 years$372$228$135$77$43$21
43 years$359$217$126$71$39$18
44 years$347$207$119$66$36$16
45 years$335$197$111$61$32$14
46 years$324$188$105$56$29$13
47 years$314$180$98$52$27$11
48 years$304$172$92$48$24$10
49 years$294$164$87$44$22$9
50 years$285$157$82$41$20$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $292,000, adding $4,024 every year, while hoping to spend $22,638 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: 61/33/6 Blend
56$292,000$292,000$292,000$292,000
57$325,935$310,459$305,933$345,209
58$335,093$301,585$292,095$349,705
59$344,428$291,517$277,035$351,622
60$353,931$280,173$260,687$353,133
61$363,597$267,466$242,985$354,199
62$373,416$253,304$223,857$354,778
63$383,377$237,589$203,229$354,824
64$393,469$220,218$181,024$354,288
65$403,676$201,082$157,162$353,119
66$413,981$180,065$131,557$351,259
67$424,365$157,047$104,123$348,648
68$434,805$131,897$74,766$345,221
69$445,276$104,480$43,391$340,906
70$455,747$74,653$9,898$335,629
71$466,186$42,263$0$329,307
72$476,554$7,151$0$323,508
73$486,808$0$0$317,267
74$496,900$0$0$321,058
75$506,775$0$0$327,288
76$516,372$0$0$333,318
77$525,621$0$0$339,101
78$534,447$0$0$344,585
79$542,761$0$0$349,712
80$550,469$0$0$354,416
81$557,462$0$0$358,625
82$563,619$0$0$362,257
83$568,808$0$0$365,221
84$572,878$0$0$367,417
85$575,664$0$0$368,733
86$576,982$0$0$369,044
87$576,625$0$0$368,212
88$574,367$0$0$366,083
89$569,955$0$0$362,486
90$563,109$0$0$357,233
91$553,517$0$0$350,115
92$540,836$0$0$340,898
93$524,683$0$0$329,326
94$504,636$0$0$315,114
95$480,227$0$0$297,946
96$450,938$0$0$277,474
97$416,196$0$0$253,311
98$375,367$0$0$225,032
99$327,751$0$0$192,163
100$272,571$0$0$154,183