Can I retire at age 57 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$31,297$31,019$30,747$30,481$30,222$29,820
2 years$15,494$15,205$14,926$14,654$14,391$13,987
3 years$10,227$9,937$9,658$9,389$9,131$8,736
4 years$7,594$7,305$7,028$6,764$6,512$6,131
5 years$6,014$5,727$5,454$5,196$4,950$4,583
6 years$4,961$4,676$4,408$4,155$3,917$3,565
7 years$4,210$3,927$3,663$3,416$3,186$2,848
8 years$3,646$3,366$3,107$2,866$2,643$2,320
9 years$3,208$2,931$2,676$2,441$2,226$1,918
10 years$2,858$2,584$2,333$2,104$1,896$1,603
11 years$2,572$2,300$2,054$1,831$1,631$1,352
12 years$2,334$2,064$1,823$1,606$1,413$1,148
13 years$2,132$1,866$1,628$1,418$1,232$981
14 years$1,959$1,696$1,463$1,259$1,080$842
15 years$1,810$1,549$1,321$1,123$951$726
16 years$1,679$1,421$1,198$1,005$841$628
17 years$1,564$1,309$1,090$903$745$544
18 years$1,462$1,210$995$814$663$473
19 years$1,370$1,121$911$735$591$412
20 years$1,288$1,042$836$666$528$360
21 years$1,214$970$769$605$472$315
22 years$1,146$906$709$550$423$275
23 years$1,085$847$654$501$380$241
24 years$1,029$794$605$457$342$212
25 years$977$745$560$417$307$186
26 years$930$700$520$381$277$163
27 years$886$659$483$349$250$143
28 years$845$621$449$320$225$126
29 years$807$586$418$293$203$111
30 years$771$553$389$269$184$98
31 years$739$523$363$247$166$86
32 years$708$495$338$227$150$76
33 years$679$468$316$209$136$67
34 years$652$444$295$192$123$59
35 years$626$421$276$177$112$52
36 years$602$400$258$163$101$46
37 years$579$380$242$150$92$40
38 years$558$361$226$138$83$36
39 years$537$343$212$128$75$32
40 years$518$326$199$118$68$28
41 years$500$311$186$109$62$25
42 years$483$296$175$100$56$22
43 years$466$282$164$92$51$19
44 years$450$269$154$85$46$17
45 years$435$256$145$79$42$15
46 years$421$244$136$73$38$13
47 years$407$233$128$67$35$12
48 years$394$223$120$62$31$10
49 years$382$213$113$57$29$9
50 years$370$203$106$53$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $379,000, adding $4,424 every year, while hoping to spend $25,645 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: 69/17/14 Blend
56$379,000$379,000$379,000$379,000
57$422,221$402,134$396,260$449,716
58$438,002$394,553$382,248$460,992
59$454,532$385,740$366,908$469,842
60$471,863$375,609$350,167$478,864
61$490,046$364,068$331,951$488,073
62$509,141$351,017$312,182$497,483
63$529,210$336,354$290,777$507,112
64$550,322$319,968$267,651$516,982
65$572,553$301,745$242,715$527,114
66$595,984$281,560$215,876$537,536
67$620,703$259,285$187,037$548,279
68$646,807$234,782$156,095$559,376
69$674,401$207,907$122,944$570,867
70$703,601$178,506$87,474$582,796
71$734,533$146,417$49,568$595,212
72$767,333$111,469$9,107$608,174
73$802,152$73,482$0$621,743
74$839,154$32,265$0$641,083
75$878,518$0$0$662,966
76$920,441$0$0$688,459
77$965,139$0$0$722,086
78$1,012,846$0$0$757,990
79$1,063,821$0$0$796,367
80$1,118,346$0$0$837,433
81$1,176,733$0$0$881,421
82$1,239,322$0$0$928,592
83$1,306,485$0$0$979,228
84$1,378,632$0$0$1,033,640
85$1,456,213$0$0$1,092,170
86$1,539,722$0$0$1,155,193
87$1,629,701$0$0$1,223,120
88$1,726,744$0$0$1,296,403
89$1,831,507$0$0$1,375,540
90$1,944,707$0$0$1,461,077
91$2,067,135$0$0$1,553,613
92$2,199,659$0$0$1,653,808
93$2,343,233$0$0$1,762,388
94$2,498,906$0$0$1,880,149
95$2,667,833$0$0$2,007,969
96$2,851,283$0$0$2,146,812
97$3,050,652$0$0$2,297,739
98$3,267,475$0$0$2,461,916
99$3,503,443$0$0$2,640,629
100$3,760,414$0$0$2,835,290