Can I retire at age 57 with 393,000?

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 $393,000?

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$32,454$32,164$31,882$31,607$31,338$30,985
2 years$16,066$15,767$15,477$15,196$14,923$14,568
3 years$10,604$10,304$10,015$9,736$9,468$9,121
4 years$7,874$7,574$7,288$7,014$6,753$6,417
5 years$6,236$5,938$5,656$5,388$5,133$4,810
6 years$5,145$4,849$4,571$4,309$4,062$3,751
7 years$4,365$4,072$3,798$3,542$3,303$3,006
8 years$3,781$3,491$3,221$2,972$2,740$2,456
9 years$3,327$3,039$2,774$2,531$2,308$2,036
10 years$2,964$2,679$2,419$2,182$1,966$1,707
11 years$2,667$2,385$2,130$1,899$1,691$1,444
12 years$2,420$2,141$1,890$1,666$1,465$1,230
13 years$2,211$1,934$1,688$1,470$1,278$1,055
14 years$2,032$1,758$1,517$1,305$1,120$908
15 years$1,877$1,606$1,370$1,164$986$785
16 years$1,741$1,474$1,242$1,042$872$682
17 years$1,622$1,357$1,130$937$773$593
18 years$1,516$1,254$1,032$844$687$518
19 years$1,421$1,162$944$763$613$453
20 years$1,336$1,080$867$691$547$396
21 years$1,259$1,006$797$627$490$348
22 years$1,189$939$735$570$439$306
23 years$1,125$878$678$519$394$269
24 years$1,067$823$627$473$354$237
25 years$1,013$772$581$432$319$209
26 years$964$726$539$395$287$184
27 years$918$683$500$362$259$162
28 years$876$644$465$332$234$143
29 years$837$607$433$304$211$127
30 years$800$573$403$279$191$112
31 years$766$542$376$256$172$99
32 years$734$513$351$235$156$88
33 years$704$486$328$217$141$78
34 years$676$460$306$199$128$69
35 years$649$437$286$183$116$61
36 years$624$414$268$169$105$54
37 years$601$394$251$156$95$48
38 years$578$374$235$143$86$42
39 years$557$356$220$132$78$38
40 years$537$338$206$122$71$33
41 years$518$322$193$113$64$29
42 years$500$307$181$104$58$26
43 years$483$292$170$96$53$23
44 years$467$279$160$89$48$21
45 years$451$266$150$82$44$18
46 years$437$254$141$76$40$16
47 years$422$242$132$70$36$14
48 years$409$231$124$64$33$13
49 years$396$221$117$60$30$11
50 years$384$211$110$55$27$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $393,000, adding $3,460 every year, while hoping to spend $24,787 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: 57/33/10 Blend
56$393,000$393,000$393,000$393,000
57$436,655$415,826$409,734$460,296
58$454,821$409,828$397,087$470,648
59$474,008$402,706$383,186$478,863
60$494,296$394,378$367,962$487,217
61$515,770$384,757$351,344$495,726
62$538,522$373,754$333,257$504,410
63$562,654$361,271$313,624$513,291
64$588,278$347,206$292,364$522,396
65$615,514$331,451$269,390$531,754
66$644,497$313,893$244,615$541,400
67$675,371$294,409$217,945$551,375
68$708,296$272,872$189,283$561,724
69$743,446$249,147$158,528$572,500
70$781,013$223,091$125,574$583,763
71$821,207$194,553$90,312$595,580
72$864,257$163,373$52,624$608,030
73$910,416$129,383$12,392$621,199
74$959,960$92,404$0$635,188
75$1,013,194$52,249$0$653,367
76$1,070,449$8,719$0$674,226
77$1,132,093$0$0$696,600
78$1,198,527$0$0$734,607
79$1,270,192$0$0$779,048
80$1,347,574$0$0$827,062
81$1,431,205$0$0$878,983
82$1,521,672$0$0$935,178
83$1,619,617$0$0$996,051
84$1,725,748$0$0$1,062,046
85$1,840,844$0$0$1,133,650
86$1,965,761$0$0$1,211,402
87$2,101,439$0$0$1,295,891
88$2,248,915$0$0$1,387,767
89$2,409,327$0$0$1,487,744
90$2,583,928$0$0$1,596,610
91$2,774,096$0$0$1,715,230
92$2,981,351$0$0$1,844,555
93$3,207,360$0$0$1,985,633
94$3,453,963$0$0$2,139,620
95$3,723,182$0$0$2,307,783
96$4,017,244$0$0$2,491,522
97$4,338,601$0$0$2,692,376
98$4,689,951$0$0$2,912,037
99$5,074,267$0$0$3,152,373
100$5,494,821$0$0$3,415,438