Can I retire at age 57 with 403,000?

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 $403,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$33,279$32,983$32,694$32,411$32,136$31,761
2 years$16,475$16,168$15,871$15,582$15,303$14,925
3 years$10,874$10,566$10,269$9,984$9,709$9,340
4 years$8,074$7,767$7,474$7,193$6,924$6,568
5 years$6,395$6,090$5,800$5,525$5,264$4,921
6 years$5,276$4,973$4,687$4,418$4,165$3,835
7 years$4,476$4,176$3,895$3,632$3,387$3,071
8 years$3,877$3,580$3,303$3,047$2,810$2,508
9 years$3,412$3,117$2,845$2,595$2,366$2,078
10 years$3,039$2,747$2,480$2,237$2,016$1,741
11 years$2,735$2,446$2,184$1,947$1,734$1,472
12 years$2,481$2,195$1,938$1,708$1,503$1,253
13 years$2,267$1,984$1,731$1,508$1,310$1,074
14 years$2,083$1,803$1,556$1,338$1,149$924
15 years$1,924$1,647$1,405$1,194$1,011$799
16 years$1,785$1,511$1,273$1,069$894$693
17 years$1,663$1,392$1,159$960$793$602
18 years$1,554$1,286$1,058$865$705$525
19 years$1,457$1,192$968$782$628$459
20 years$1,370$1,108$889$708$561$402
21 years$1,291$1,032$817$643$502$352
22 years$1,219$963$753$584$450$309
23 years$1,154$901$696$532$404$272
24 years$1,094$844$643$485$363$239
25 years$1,039$792$596$443$327$211
26 years$988$744$553$405$294$186
27 years$942$701$513$371$265$164
28 years$898$660$477$340$239$144
29 years$858$623$444$312$216$128
30 years$820$588$414$286$195$113
31 years$785$556$386$263$177$100
32 years$752$526$360$241$160$88
33 years$722$498$336$222$145$78
34 years$693$472$314$204$131$69
35 years$666$448$293$188$119$61
36 years$640$425$274$173$107$54
37 years$616$404$257$160$97$48
38 years$593$384$241$147$88$42
39 years$571$365$225$136$80$37
40 years$551$347$211$125$73$33
41 years$532$330$198$115$66$29
42 years$513$315$186$107$60$26
43 years$496$300$174$98$54$23
44 years$479$286$164$91$49$20
45 years$463$273$154$84$45$18
46 years$448$260$144$77$41$16
47 years$433$248$136$72$37$14
48 years$419$237$127$66$33$13
49 years$406$226$120$61$30$11
50 years$393$216$113$56$28$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $403,000, adding $2,944 every year, while hoping to spend $32,855 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: 62/33/5 Blend
56$403,000$403,000$403,000$403,000
57$447,143$425,784$419,537$474,333
58$457,794$411,690$398,634$478,732
59$468,430$395,804$375,930$479,416
60$479,016$378,004$351,329$479,307
61$489,509$358,160$324,732$478,328
62$499,864$336,135$296,036$476,394
63$510,029$311,784$265,132$473,414
64$519,945$284,955$231,907$469,288
65$529,546$255,484$196,243$463,911
66$538,758$223,201$158,015$457,165
67$547,499$187,925$117,096$448,925
68$555,675$149,465$73,350$439,055
69$563,184$107,619$26,637$427,407
70$569,909$62,173$0$413,821
71$575,723$12,903$0$399,362
72$580,483$0$0$384,200
73$584,027$0$0$381,399
74$586,180$0$0$382,314
75$586,744$0$0$382,126
76$585,500$0$0$380,685
77$582,204$0$0$377,824
78$576,587$0$0$373,357
79$568,350$0$0$367,081
80$557,160$0$0$358,766
81$542,650$0$0$348,163
82$524,414$0$0$334,991
83$501,999$0$0$318,942
84$474,907$0$0$299,674
85$442,585$0$0$276,809
86$404,422$0$0$249,929
87$359,743$0$0$218,571
88$307,799$0$0$182,224
89$247,765$0$0$140,322
90$178,727$0$0$92,240
91$99,677$0$0$37,289
92$9,500$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0