Can I retire at age 57 with 312,000?

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 $312,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$25,765$25,535$25,311$25,093$24,879$24,151
2 years$12,755$12,517$12,287$12,064$11,847$11,119
3 years$8,419$8,180$7,951$7,729$7,516$6,811
4 years$6,251$6,013$5,786$5,569$5,361$4,685
5 years$4,951$4,714$4,490$4,277$4,075$3,429
6 years$4,084$3,850$3,629$3,421$3,225$2,610
7 years$3,466$3,233$3,015$2,812$2,622$2,039
8 years$3,002$2,771$2,557$2,359$2,176$1,623
9 years$2,641$2,413$2,203$2,009$1,832$1,310
10 years$2,353$2,127$1,920$1,732$1,561$1,068
11 years$2,117$1,893$1,691$1,507$1,343$878
12 years$1,921$1,699$1,500$1,322$1,163$727
13 years$1,755$1,536$1,340$1,167$1,015$605
14 years$1,613$1,396$1,204$1,036$889$505
15 years$1,490$1,275$1,087$924$783$423
16 years$1,382$1,170$986$827$692$356
17 years$1,287$1,078$897$743$614$300
18 years$1,203$996$819$670$546$253
19 years$1,128$923$750$605$486$214
20 years$1,060$858$688$548$434$181
21 years$999$799$633$498$389$154
22 years$944$746$583$452$348$130
23 years$893$697$539$412$313$111
24 years$847$653$498$376$281$94
25 years$804$613$461$343$253$80
26 years$765$576$428$314$228$68
27 years$729$542$397$287$205$58
28 years$695$511$369$263$185$49
29 years$664$482$344$241$167$42
30 years$635$455$320$222$151$36
31 years$608$430$298$203$137$31
32 years$583$407$278$187$124$26
33 years$559$386$260$172$112$22
34 years$536$366$243$158$101$19
35 years$515$347$227$146$92$16
36 years$496$329$212$134$83$14
37 years$477$313$199$124$75$12
38 years$459$297$186$114$68$10
39 years$442$282$174$105$62$9
40 years$427$269$164$97$56$7
41 years$412$256$153$89$51$6
42 years$397$244$144$82$46$5
43 years$384$232$135$76$42$5
44 years$371$221$127$70$38$4
45 years$358$211$119$65$35$3
46 years$347$201$112$60$31$3
47 years$335$192$105$55$29$2
48 years$325$183$99$51$26$2
49 years$314$175$93$47$24$2
50 years$305$167$87$44$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $312,000, adding $3,219 every year, while hoping to spend $20,519 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: 39/44/17 Blend
56$312,000$312,000$312,000$312,000
57$347,144$330,608$325,772$358,805
58$360,721$324,976$314,854$361,808
59$374,995$318,380$302,882$362,841
60$390,015$310,752$289,799$363,525
61$405,836$302,018$275,546$363,838
62$422,516$292,101$260,062$363,759
63$440,118$280,920$243,279$363,267
64$458,713$268,388$225,132$362,340
65$478,376$254,413$205,548$360,955
66$499,190$238,899$184,454$359,092
67$521,246$221,744$161,772$356,726
68$544,643$202,839$137,421$353,839
69$569,488$182,069$111,316$350,407
70$595,900$159,315$83,370$346,410
71$624,008$134,448$53,489$341,830
72$653,955$107,333$21,578$336,648
73$685,894$77,829$0$330,847
74$719,995$45,783$0$326,675
75$756,446$11,037$0$326,181
76$795,449$0$0$325,456
77$837,229$0$0$337,383
78$882,031$0$0$355,931
79$930,124$0$0$375,871
80$981,803$0$0$397,330
81$1,037,393$0$0$420,445
82$1,097,250$0$0$445,370
83$1,161,764$0$0$472,272
84$1,231,366$0$0$501,333
85$1,306,526$0$0$532,758
86$1,387,764$0$0$566,766
87$1,475,650$0$0$603,603
88$1,570,809$0$0$643,537
89$1,673,931$0$0$686,862
90$1,785,773$0$0$733,904
91$1,907,167$0$0$785,019
92$2,039,030$0$0$840,599
93$2,182,368$0$0$901,078
94$2,338,291$0$0$966,929
95$2,508,018$0$0$1,038,677
96$2,692,890$0$0$1,116,896
97$2,894,384$0$0$1,202,220
98$3,114,126$0$0$1,295,346
99$3,353,903$0$0$1,397,041
100$3,615,685$0$0$1,508,151