Can I retire at age 57 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$30,554$30,282$30,017$29,757$29,504$28,909
2 years$15,126$14,844$14,571$14,306$14,050$13,452
3 years$9,984$9,701$9,428$9,166$8,914$8,333
4 years$7,413$7,131$6,862$6,604$6,357$5,798
5 years$5,871$5,591$5,325$5,072$4,833$4,296
6 years$4,844$4,565$4,303$4,056$3,824$3,311
7 years$4,110$3,834$3,576$3,335$3,110$2,620
8 years$3,560$3,286$3,033$2,798$2,580$2,114
9 years$3,132$2,861$2,612$2,383$2,173$1,730
10 years$2,790$2,522$2,277$2,054$1,851$1,431
11 years$2,511$2,245$2,005$1,788$1,592$1,194
12 years$2,278$2,015$1,779$1,568$1,380$1,003
13 years$2,081$1,821$1,590$1,384$1,203$847
14 years$1,913$1,655$1,428$1,229$1,055$719
15 years$1,767$1,512$1,290$1,096$929$613
16 years$1,639$1,388$1,169$981$821$523
17 years$1,527$1,278$1,064$882$728$449
18 years$1,427$1,181$971$795$647$385
19 years$1,338$1,094$889$718$577$331
20 years$1,258$1,017$816$650$515$286
21 years$1,185$947$751$590$461$246
22 years$1,119$884$692$537$413$213
23 years$1,059$827$639$489$371$184
24 years$1,004$775$591$446$333$159
25 years$954$727$547$407$300$138
26 years$907$683$507$372$270$120
27 years$864$643$471$341$244$104
28 years$825$606$438$312$220$90
29 years$788$572$408$286$199$78
30 years$753$540$380$263$179$68
31 years$721$510$354$241$162$59
32 years$691$483$330$222$147$51
33 years$663$457$308$204$133$44
34 years$636$433$288$188$120$39
35 years$611$411$269$173$109$34
36 years$588$390$252$159$99$29
37 years$565$371$236$147$89$25
38 years$544$352$221$135$81$22
39 years$525$335$207$125$73$19
40 years$506$319$194$115$67$17
41 years$488$303$182$106$60$15
42 years$471$289$171$98$55$13
43 years$455$275$160$90$50$11
44 years$440$262$150$83$45$10
45 years$425$250$141$77$41$8
46 years$411$239$133$71$37$7
47 years$398$228$124$66$34$6
48 years$385$217$117$61$31$5
49 years$373$208$110$56$28$5
50 years$361$198$103$52$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $370,000, adding $2,578 every year, while hoping to spend $23,994 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: 67/17/16 Blend
56$370,000$370,000$370,000$370,000
57$410,399$390,789$385,054$436,158
58$426,730$384,408$372,424$447,302
59$443,923$376,911$358,567$456,434
60$462,040$368,216$343,416$465,822
61$481,150$358,240$326,901$475,492
62$501,326$346,893$308,951$485,469
63$522,649$334,079$289,489$495,785
64$545,209$319,698$268,436$506,472
65$569,101$303,643$245,709$517,571
66$594,430$285,803$221,222$529,124
67$621,313$266,058$194,884$541,181
68$649,874$244,283$166,600$553,796
69$680,253$220,344$136,272$567,031
70$712,598$194,101$103,797$580,956
71$747,076$165,405$69,068$595,648
72$783,868$134,099$31,971$611,194
73$823,171$100,018$0$627,692
74$865,202$62,987$0$646,551
75$910,199$22,820$0$672,502
76$958,424$0$0$700,237
77$1,010,162$0$0$733,801
78$1,065,728$0$0$774,448
79$1,125,466$0$0$818,164
80$1,189,755$0$0$865,228
81$1,259,010$0$0$915,945
82$1,333,689$0$0$970,654
83$1,414,292$0$0$1,029,723
84$1,501,370$0$0$1,093,560
85$1,595,529$0$0$1,162,610
86$1,697,434$0$0$1,237,364
87$1,807,817$0$0$1,318,363
88$1,927,483$0$0$1,406,200
89$2,057,315$0$0$1,501,527
90$2,198,287$0$0$1,605,062
91$2,351,469$0$0$1,717,594
92$2,518,037$0$0$1,839,992
93$2,699,287$0$0$1,973,212
94$2,896,643$0$0$2,118,305
95$3,111,673$0$0$2,276,428
96$3,346,103$0$0$2,448,854
97$3,601,832$0$0$2,636,985
98$3,880,949$0$0$2,842,363
99$4,185,756$0$0$3,066,687
100$4,518,785$0$0$3,311,825