Can I retire at age 57 with 338,000?

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 $338,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$27,912$27,663$27,421$27,184$26,953$26,430
2 years$13,818$13,560$13,311$13,069$12,835$12,310
3 years$9,120$8,862$8,613$8,374$8,143$7,633
4 years$6,772$6,514$6,268$6,033$5,807$5,316
5 years$5,363$5,107$4,864$4,634$4,415$3,943
6 years$4,425$4,171$3,931$3,706$3,493$3,042
7 years$3,754$3,502$3,267$3,047$2,841$2,410
8 years$3,252$3,002$2,770$2,556$2,357$1,947
9 years$2,861$2,614$2,386$2,177$1,985$1,595
10 years$2,549$2,304$2,080$1,876$1,691$1,321
11 years$2,294$2,051$1,831$1,633$1,454$1,104
12 years$2,081$1,841$1,625$1,432$1,260$928
13 years$1,901$1,664$1,452$1,265$1,099$785
14 years$1,747$1,512$1,305$1,123$963$667
15 years$1,614$1,382$1,178$1,001$848$569
16 years$1,497$1,268$1,068$896$750$487
17 years$1,395$1,167$972$805$665$418
18 years$1,304$1,079$887$726$591$360
19 years$1,222$1,000$812$656$527$310
20 years$1,149$929$745$594$471$267
21 years$1,083$865$686$539$421$231
22 years$1,022$808$632$490$377$200
23 years$968$755$583$446$339$173
24 years$917$708$540$407$305$150
25 years$871$664$500$372$274$130
26 years$829$624$464$340$247$113
27 years$790$588$430$311$223$98
28 years$753$554$400$285$201$85
29 years$720$522$372$261$181$74
30 years$688$493$347$240$164$65
31 years$659$466$323$220$148$56
32 years$631$441$302$203$134$49
33 years$605$418$282$186$121$43
34 years$581$396$263$171$110$37
35 years$558$376$246$158$99$32
36 years$537$356$230$145$90$28
37 years$517$339$215$134$82$24
38 years$497$322$202$123$74$21
39 years$479$306$189$114$67$19
40 years$462$291$177$105$61$16
41 years$446$277$166$97$55$14
42 years$430$264$156$89$50$12
43 years$416$251$146$82$45$11
44 years$402$240$137$76$41$9
45 years$388$229$129$70$37$8
46 years$376$218$121$65$34$7
47 years$363$208$114$60$31$6
48 years$352$199$107$55$28$5
49 years$341$190$100$51$25$5
50 years$330$181$94$47$23$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $338,000, adding $5,382 every year, while hoping to spend $20,884 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: 89/6/5 Blend
56$338,000$338,000$338,000$338,000
57$378,028$360,114$354,875$411,236
58$394,366$355,539$344,542$429,088
59$411,671$350,040$333,164$445,193
60$430,019$343,549$320,683$462,204
61$449,494$335,996$307,039$480,195
62$470,187$327,305$292,169$499,248
63$492,198$317,395$276,009$519,453
64$515,638$306,182$258,490$540,909
65$540,624$293,577$239,542$563,723
66$567,290$279,485$219,089$588,016
67$595,779$263,805$197,053$613,917
68$626,249$246,431$173,354$641,571
69$658,871$227,251$147,907$671,136
70$693,837$206,148$120,623$702,785
71$731,354$182,994$91,409$736,711
72$771,650$157,659$60,169$773,123
73$814,975$130,001$26,802$812,254
74$861,606$99,874$0$854,359
75$911,842$67,121$0$900,187
76$966,018$31,577$0$951,136
77$1,024,495$0$0$1,006,120
78$1,087,676$0$0$1,065,977
79$1,156,000$0$0$1,132,962
80$1,229,950$0$0$1,205,466
81$1,310,058$0$0$1,284,008
82$1,396,909$0$0$1,369,162
83$1,491,146$0$0$1,461,559
84$1,593,474$0$0$1,561,891
85$1,704,673$0$0$1,670,922
86$1,825,596$0$0$1,789,491
87$1,957,186$0$0$1,918,519
88$2,100,478$0$0$2,059,024
89$2,256,610$0$0$2,212,121
90$2,426,837$0$0$2,379,041
91$2,612,539$0$0$2,561,138
92$2,815,235$0$0$2,759,900
93$3,036,597$0$0$2,976,969
94$3,278,465$0$0$3,214,148
95$3,542,866$0$0$3,473,427
96$3,832,031$0$0$3,756,991
97$4,148,416$0$0$4,067,251
98$4,494,726$0$0$4,406,860
99$4,873,939$0$0$4,778,739
100$5,289,336$0$0$5,186,104