Can I retire at age 57 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$31,628$31,346$31,071$30,803$30,541$30,197
2 years$15,657$15,366$15,083$14,809$14,543$14,197
3 years$10,335$10,042$9,760$9,488$9,227$8,889
4 years$7,674$7,382$7,103$6,836$6,581$6,254
5 years$6,078$5,787$5,512$5,251$5,003$4,688
6 years$5,014$4,726$4,454$4,199$3,958$3,656
7 years$4,254$3,969$3,702$3,452$3,219$2,929
8 years$3,685$3,402$3,139$2,896$2,671$2,393
9 years$3,242$2,962$2,704$2,467$2,249$1,984
10 years$2,888$2,611$2,357$2,126$1,916$1,663
11 years$2,599$2,324$2,075$1,851$1,648$1,407
12 years$2,358$2,086$1,842$1,623$1,428$1,199
13 years$2,154$1,885$1,646$1,433$1,245$1,028
14 years$1,980$1,714$1,479$1,272$1,092$885
15 years$1,829$1,565$1,335$1,134$961$766
16 years$1,697$1,436$1,210$1,016$850$664
17 years$1,580$1,323$1,101$913$753$578
18 years$1,477$1,222$1,005$823$670$504
19 years$1,385$1,133$920$743$597$441
20 years$1,302$1,053$845$673$533$386
21 years$1,227$981$777$611$477$339
22 years$1,159$915$716$555$428$298
23 years$1,096$856$661$506$384$262
24 years$1,040$802$611$461$345$231
25 years$987$753$566$421$311$203
26 years$939$707$525$385$280$179
27 years$895$666$488$353$252$158
28 years$854$627$453$323$228$140
29 years$815$592$422$296$205$124
30 years$780$559$393$272$186$109
31 years$746$528$366$250$168$97
32 years$715$500$342$230$152$85
33 years$686$473$319$211$137$76
34 years$658$449$298$194$124$67
35 years$633$426$279$179$113$59
36 years$608$404$261$165$102$53
37 years$585$384$244$152$93$47
38 years$564$365$229$140$84$41
39 years$543$347$214$129$76$37
40 years$524$330$201$119$69$32
41 years$505$314$188$110$63$29
42 years$488$299$177$101$57$25
43 years$471$285$166$93$52$23
44 years$455$272$156$86$47$20
45 years$440$259$146$80$42$18
46 years$426$247$137$74$39$16
47 years$412$236$129$68$35$14
48 years$399$225$121$63$32$12
49 years$386$215$114$58$29$11
50 years$374$205$107$54$26$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $383,000, adding $3,483 every year, while hoping to spend $27,365 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: 42/45/13 Blend
56$383,000$383,000$383,000$383,000
57$425,659$405,360$399,423$441,778
58$439,960$396,106$383,688$444,179
59$454,802$385,482$366,508$443,789
60$470,213$373,391$347,807$442,767
61$486,219$359,732$327,503$441,068
62$502,852$344,397$305,513$438,642
63$520,143$327,273$281,747$435,440
64$538,126$308,238$256,115$431,409
65$556,839$287,166$228,519$426,492
66$576,321$263,922$198,859$420,630
67$596,615$238,363$167,029$413,763
68$617,767$210,340$132,922$405,826
69$639,825$179,692$96,421$396,751
70$662,843$146,253$57,407$386,467
71$686,879$109,845$15,755$374,901
72$711,993$70,280$0$361,976
73$738,253$27,361$0$351,590
74$765,732$0$0$342,271
75$794,506$0$0$341,231
76$824,662$0$0$354,354
77$856,291$0$0$368,132
78$889,493$0$0$382,611
79$924,375$0$0$397,840
80$961,057$0$0$413,873
81$999,666$0$0$430,768
82$1,040,341$0$0$448,588
83$1,083,234$0$0$467,404
84$1,128,511$0$0$487,290
85$1,176,352$0$0$508,330
86$1,226,954$0$0$530,612
87$1,280,532$0$0$554,236
88$1,337,319$0$0$579,308
89$1,397,574$0$0$605,948
90$1,461,576$0$0$634,282
91$1,529,632$0$0$664,452
92$1,602,077$0$0$696,611
93$1,679,279$0$0$730,929
94$1,761,640$0$0$767,590
95$1,849,601$0$0$806,798
96$1,943,644$0$0$848,772
97$2,044,300$0$0$893,759
98$2,152,148$0$0$942,024
99$2,267,825$0$0$993,860
100$2,392,030$0$0$1,049,590