Can I retire at age 57 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$25,600$25,371$25,149$24,932$24,720$23,758
2 years$12,673$12,437$12,208$11,986$11,771$10,814
3 years$8,365$8,128$7,900$7,680$7,468$6,545
4 years$6,211$5,975$5,749$5,533$5,326$4,445
5 years$4,919$4,684$4,461$4,250$4,049$3,211
6 years$4,058$3,825$3,605$3,399$3,204$2,411
7 years$3,443$3,212$2,996$2,794$2,606$1,857
8 years$2,983$2,754$2,541$2,344$2,162$1,456
9 years$2,624$2,397$2,189$1,997$1,820$1,157
10 years$2,338$2,113$1,908$1,721$1,551$929
11 years$2,104$1,881$1,680$1,498$1,334$751
12 years$1,909$1,689$1,491$1,314$1,156$612
13 years$1,744$1,526$1,332$1,160$1,008$500
14 years$1,603$1,387$1,197$1,030$884$411
15 years$1,480$1,267$1,080$918$778$338
16 years$1,373$1,163$980$822$688$279
17 years$1,279$1,071$891$739$610$231
18 years$1,196$989$814$666$542$191
19 years$1,121$917$745$602$483$159
20 years$1,054$852$684$545$432$132
21 years$993$794$629$494$386$110
22 years$938$741$580$450$346$91
23 years$887$693$535$409$311$76
24 years$841$649$495$373$279$63
25 years$799$609$458$341$251$53
26 years$760$573$425$312$226$44
27 years$724$539$395$285$204$37
28 years$691$508$367$262$184$31
29 years$660$479$342$240$166$26
30 years$631$452$318$220$150$21
31 years$604$428$297$202$136$18
32 years$579$405$277$186$123$15
33 years$555$383$258$171$111$12
34 years$533$363$241$157$101$10
35 years$512$344$226$145$91$9
36 years$492$327$211$133$83$7
37 years$474$311$198$123$75$6
38 years$456$295$185$113$68$5
39 years$440$281$173$104$62$4
40 years$424$267$163$96$56$4
41 years$409$254$152$89$51$3
42 years$395$242$143$82$46$2
43 years$381$231$134$76$42$2
44 years$368$220$126$70$38$2
45 years$356$210$118$65$34$1
46 years$344$200$111$60$31$1
47 years$333$191$104$55$28$1
48 years$323$182$98$51$26$1
49 years$312$174$92$47$23$1
50 years$303$166$87$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $310,000, adding $6,742 every year, while hoping to spend $23,057 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: 46/36/18 Blend
56$310,000$310,000$310,000$310,000
57$348,574$332,144$327,339$362,534
58$359,596$323,887$313,773$364,702
59$370,970$314,452$298,979$364,207
60$382,707$303,758$282,892$363,182
61$394,818$291,718$265,445$361,587
62$407,317$278,239$246,564$359,380
63$420,216$263,225$226,177$356,518
64$433,528$246,573$204,204$352,954
65$447,267$228,175$180,564$348,638
66$461,447$207,914$155,172$343,520
67$476,083$185,671$127,939$337,543
68$491,191$161,316$98,772$330,650
69$506,786$134,714$67,574$322,780
70$522,884$105,721$34,244$313,868
71$539,504$74,186$0$303,847
72$556,662$39,950$0$292,898
73$574,377$2,843$0$287,728
74$592,669$0$0$281,694
75$611,557$0$0$289,516
76$631,062$0$0$298,758
77$651,207$0$0$308,304
78$672,013$0$0$318,164
79$693,505$0$0$328,350
80$715,706$0$0$338,874
81$738,643$0$0$349,747
82$762,343$0$0$360,983
83$786,833$0$0$372,596
84$812,143$0$0$384,599
85$838,305$0$0$397,007
86$865,349$0$0$409,836
87$893,310$0$0$423,102
88$922,224$0$0$436,822
89$952,127$0$0$451,015
90$983,059$0$0$465,698
91$1,015,062$0$0$480,893
92$1,048,179$0$0$496,620
93$1,082,455$0$0$512,902
94$1,117,939$0$0$529,761
95$1,154,682$0$0$547,223
96$1,192,739$0$0$565,314
97$1,232,166$0$0$584,063
98$1,273,025$0$0$603,497
99$1,315,379$0$0$623,650
100$1,359,297$0$0$644,554