Can I retire at age 57 with 350,000?

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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$28,903$28,645$28,394$28,149$27,909$27,202
2 years$14,308$14,042$13,784$13,533$13,290$12,582
3 years$9,444$9,176$8,919$8,671$8,432$7,745
4 years$7,012$6,746$6,491$6,247$6,014$5,353
5 years$5,554$5,289$5,037$4,798$4,572$3,940
6 years$4,582$4,319$4,071$3,837$3,617$3,015
7 years$3,888$3,627$3,383$3,155$2,942$2,369
8 years$3,367$3,109$2,869$2,646$2,441$1,896
9 years$2,963$2,707$2,471$2,254$2,055$1,540
10 years$2,640$2,386$2,154$1,943$1,751$1,263
11 years$2,375$2,124$1,897$1,691$1,506$1,045
12 years$2,155$1,906$1,683$1,483$1,305$871
13 years$1,969$1,723$1,504$1,310$1,138$729
14 years$1,809$1,566$1,351$1,162$998$614
15 years$1,671$1,431$1,220$1,037$878$518
16 years$1,551$1,313$1,106$928$776$439
17 years$1,444$1,209$1,006$834$688$372
18 years$1,350$1,117$919$752$612$317
19 years$1,265$1,035$841$679$546$270
20 years$1,190$962$772$615$487$230
21 years$1,121$896$710$558$436$197
22 years$1,059$836$654$508$391$168
23 years$1,002$782$604$462$351$144
24 years$950$733$559$422$315$123
25 years$902$688$518$385$284$106
26 years$858$646$480$352$256$91
27 years$818$608$446$322$230$78
28 years$780$573$414$295$208$67
29 years$745$541$386$271$188$57
30 years$712$511$359$248$170$49
31 years$682$483$335$228$153$42
32 years$654$457$312$210$139$36
33 years$627$433$292$193$126$31
34 years$602$410$273$177$114$27
35 years$578$389$255$163$103$23
36 years$556$369$238$150$93$20
37 years$535$351$223$139$85$17
38 years$515$333$209$128$77$15
39 years$496$317$196$118$70$13
40 years$479$301$183$109$63$11
41 years$462$287$172$100$57$9
42 years$446$273$161$93$52$8
43 years$430$260$151$85$47$7
44 years$416$248$142$79$43$6
45 years$402$237$133$73$39$5
46 years$389$226$125$67$35$4
47 years$376$215$118$62$32$4
48 years$364$206$111$57$29$3
49 years$353$196$104$53$26$3
50 years$342$188$98$49$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $350,000, adding $2,185 every year, while hoping to spend $24,120 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: 71/22/7 Blend
56$350,000$350,000$350,000$350,000
57$387,954$369,404$363,979$414,933
58$401,862$361,841$350,509$425,483
59$416,380$353,099$335,779$433,828
60$431,545$343,096$319,722$442,295
61$447,396$331,741$302,266$450,888
62$463,978$318,944$283,339$459,615
63$481,335$304,604$262,863$468,483
64$499,519$288,617$240,756$477,502
65$518,584$270,873$216,936$486,684
66$538,589$251,255$191,313$496,042
67$559,598$229,640$163,795$505,589
68$581,682$205,898$134,287$515,346
69$604,916$179,889$102,688$525,330
70$629,383$151,469$68,894$535,567
71$655,173$120,484$32,794$546,084
72$682,383$86,770$0$556,910
73$711,121$50,156$0$568,510
74$741,503$10,462$0$583,137
75$773,656$0$0$598,396
76$807,719$0$0$622,217
77$843,843$0$0$650,174
78$882,195$0$0$679,864
79$922,956$0$0$711,429
80$966,324$0$0$745,024
81$1,012,516$0$0$780,817
82$1,061,770$0$0$818,996
83$1,114,346$0$0$859,762
84$1,170,529$0$0$903,339
85$1,230,632$0$0$949,971
86$1,294,999$0$0$999,926
87$1,364,004$0$0$1,053,498
88$1,438,061$0$0$1,111,009
89$1,517,621$0$0$1,172,813
90$1,603,183$0$0$1,239,298
91$1,695,291$0$0$1,310,891
92$1,794,544$0$0$1,388,059
93$1,901,600$0$0$1,471,317
94$2,017,183$0$0$1,561,230
95$2,142,086$0$0$1,658,420
96$2,277,183$0$0$1,763,568
97$2,423,432$0$0$1,877,425
98$2,581,890$0$0$2,000,815
99$2,753,714$0$0$2,134,646
100$2,940,182$0$0$2,279,915