Can I retire at age 57 with 306,000?

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 $306,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$25,269$25,044$24,825$24,610$24,401$23,957
2 years$12,510$12,277$12,051$11,832$11,619$11,174
3 years$8,257$8,023$7,798$7,581$7,372$6,939
4 years$6,131$5,898$5,675$5,462$5,258$4,840
5 years$4,856$4,624$4,404$4,195$3,997$3,596
6 years$4,006$3,776$3,559$3,355$3,163$2,779
7 years$3,399$3,171$2,957$2,758$2,572$2,205
8 years$2,944$2,718$2,508$2,314$2,134$1,784
9 years$2,590$2,366$2,160$1,971$1,797$1,464
10 years$2,308$2,086$1,883$1,699$1,531$1,215
11 years$2,077$1,857$1,658$1,478$1,317$1,017
12 years$1,884$1,667$1,472$1,297$1,141$857
13 years$1,721$1,506$1,315$1,145$995$727
14 years$1,582$1,369$1,181$1,016$872$619
15 years$1,461$1,251$1,067$906$768$529
16 years$1,356$1,148$967$812$679$454
17 years$1,263$1,057$880$729$602$390
18 years$1,180$977$803$657$535$336
19 years$1,106$905$735$594$477$290
20 years$1,040$841$675$538$426$251
21 years$980$783$621$488$381$217
22 years$926$731$572$444$342$189
23 years$876$684$528$404$307$164
24 years$831$641$489$369$276$142
25 years$789$601$452$337$248$124
26 years$750$565$420$308$223$108
27 years$715$532$390$282$201$94
28 years$682$501$362$258$182$82
29 years$651$473$337$237$164$71
30 years$623$447$314$217$148$62
31 years$596$422$293$200$134$54
32 years$571$399$273$183$121$47
33 years$548$378$255$169$110$41
34 years$526$359$238$155$99$36
35 years$505$340$223$143$90$31
36 years$486$323$208$132$82$27
37 years$468$307$195$121$74$24
38 years$450$291$183$112$67$21
39 years$434$277$171$103$61$18
40 years$418$264$160$95$55$16
41 years$404$251$150$88$50$14
42 years$390$239$141$81$45$12
43 years$376$228$132$75$41$11
44 years$364$217$124$69$37$9
45 years$351$207$117$64$34$8
46 years$340$197$110$59$31$7
47 years$329$188$103$54$28$6
48 years$318$180$97$50$25$5
49 years$308$172$91$46$23$5
50 years$299$164$86$43$21$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $306,000, adding $2,273 every year, while hoping to spend $20,240 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: 39/31/30 Blend
56$306,000$306,000$306,000$306,000
57$339,557$323,339$318,596$349,709
58$352,656$317,647$307,733$351,673
59$366,414$310,998$295,829$351,777
60$380,874$303,324$282,826$351,510
61$396,089$294,552$268,665$350,853
62$412,110$284,605$253,286$349,784
63$428,998$273,403$236,624$348,283
64$446,816$260,860$218,611$346,329
65$465,634$246,886$199,178$343,900
66$485,529$231,383$178,251$340,975
67$506,584$214,252$155,753$337,535
68$528,890$195,385$131,605$333,557
69$552,546$174,668$105,723$329,022
70$577,661$151,982$78,020$323,912
71$604,353$127,200$48,404$318,206
72$632,753$100,188$16,781$311,889
73$663,002$70,806$0$304,945
74$695,257$38,903$0$302,791
75$729,687$4,324$0$306,071
76$766,480$0$0$309,432
77$805,840$0$0$324,197
78$847,992$0$0$341,616
79$893,182$0$0$360,319
80$941,680$0$0$380,421
81$993,784$0$0$402,048
82$1,049,817$0$0$425,341
83$1,110,138$0$0$450,451
84$1,175,138$0$0$477,547
85$1,245,249$0$0$506,813
86$1,320,945$0$0$538,452
87$1,402,744$0$0$572,686
88$1,491,220$0$0$609,760
89$1,587,000$0$0$649,944
90$1,690,776$0$0$693,533
91$1,803,306$0$0$740,853
92$1,925,427$0$0$792,261
93$2,058,058$0$0$848,153
94$2,202,207$0$0$908,960
95$2,358,989$0$0$975,160
96$2,529,625$0$0$1,047,277
97$2,715,461$0$0$1,125,889
98$2,917,979$0$0$1,211,631
99$3,138,808$0$0$1,305,201
100$3,379,742$0$0$1,407,371