Can I retire at age 57 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$74,321$73,659$73,013$72,383$71,767$69,891
2 years$36,793$36,107$35,443$34,799$34,175$32,297
3 years$24,285$23,597$22,934$22,296$21,682$19,861
4 years$18,032$17,346$16,690$16,063$15,464$13,715
5 years$14,281$13,599$12,952$12,338$11,755$10,083
6 years$11,782$11,105$10,467$9,867$9,302$7,707
7 years$9,997$9,326$8,698$8,112$7,565$6,048
8 years$8,659$7,994$7,377$6,805$6,276$4,836
9 years$7,619$6,960$6,354$5,796$5,285$3,922
10 years$6,787$6,135$5,539$4,997$4,503$3,214
11 years$6,108$5,462$4,877$4,348$3,873$2,656
12 years$5,541$4,902$4,328$3,814$3,356$2,210
13 years$5,063$4,430$3,867$3,367$2,927$1,848
14 years$4,653$4,027$3,474$2,989$2,565$1,553
15 years$4,298$3,679$3,137$2,666$2,259$1,309
16 years$3,987$3,375$2,844$2,387$1,996$1,107
17 years$3,714$3,108$2,588$2,145$1,770$938
18 years$3,471$2,872$2,362$1,933$1,574$797
19 years$3,254$2,662$2,163$1,746$1,403$678
20 years$3,059$2,474$1,985$1,582$1,253$577
21 years$2,883$2,304$1,826$1,436$1,121$493
22 years$2,722$2,151$1,683$1,305$1,005$421
23 years$2,577$2,012$1,554$1,189$902$360
24 years$2,443$1,885$1,437$1,084$811$308
25 years$2,320$1,769$1,331$990$730$263
26 years$2,207$1,662$1,234$905$657$225
27 years$2,103$1,564$1,146$829$593$193
28 years$2,006$1,474$1,065$759$535$166
29 years$1,916$1,391$991$696$483$142
30 years$1,832$1,313$924$639$436$122
31 years$1,754$1,242$861$587$394$104
32 years$1,680$1,175$803$539$357$90
33 years$1,612$1,113$750$496$323$77
34 years$1,547$1,054$701$456$292$66
35 years$1,487$1,000$655$420$265$57
36 years$1,429$949$613$387$240$49
37 years$1,375$902$574$356$217$42
38 years$1,324$857$537$329$197$36
39 years$1,276$815$503$303$179$31
40 years$1,230$775$472$279$162$26
41 years$1,187$738$442$258$147$23
42 years$1,146$703$415$238$133$19
43 years$1,107$670$389$220$121$17
44 years$1,069$638$366$203$110$14
45 years$1,034$609$343$187$100$12
46 years$1,000$581$322$173$91$11
47 years$968$554$303$160$82$9
48 years$937$529$285$148$75$8
49 years$907$505$267$136$68$7
50 years$879$482$251$126$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $900,000, adding $5,954 every year, while hoping to spend $43,361 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: 42/32/26 Blend
56$900,000$900,000$900,000$900,000
57$997,942$950,242$936,292$1,032,042
58$1,053,596$950,668$921,522$1,057,490
59$1,113,474$949,661$904,803$1,080,472
60$1,177,960$947,107$886,026$1,104,516
61$1,247,477$942,880$865,074$1,129,747
62$1,322,491$936,852$841,824$1,156,302
63$1,403,510$928,883$816,151$1,184,338
64$1,491,096$918,827$787,920$1,214,029
65$1,585,866$906,527$756,994$1,245,571
66$1,688,497$891,820$723,225$1,279,183
67$1,799,733$874,528$686,463$1,315,110
68$1,920,394$854,469$646,548$1,353,627
69$2,051,381$831,444$603,314$1,395,040
70$2,193,685$805,248$556,588$1,439,692
71$2,348,395$775,659$506,187$1,487,964
72$2,516,710$742,446$451,924$1,540,283
73$2,699,950$705,361$393,599$1,597,124
74$2,899,567$664,145$331,006$1,659,015
75$3,117,157$618,523$263,929$1,726,547
76$3,354,480$568,203$192,143$1,800,373
77$3,613,469$512,878$115,413$1,881,225
78$3,896,256$452,222$33,492$1,969,912
79$4,205,185$385,891$0$2,067,336
80$4,542,837$313,523$0$2,189,459
81$4,912,054$234,733$0$2,333,320
82$5,315,965$149,117$0$2,490,930
83$5,758,017$56,247$0$2,663,738
84$6,242,002$0$0$2,853,348
85$6,772,098$0$0$3,077,143
86$7,352,907$0$0$3,344,161
87$7,989,495$0$0$3,636,939
88$8,687,443$0$0$3,958,059
89$9,452,896$0$0$4,310,362
90$10,292,625$0$0$4,696,980
91$11,214,085$0$0$5,121,363
92$12,225,491$0$0$5,587,309
93$13,335,887$0$0$6,099,004
94$14,555,242$0$0$6,661,059
95$15,894,532$0$0$7,278,552
96$17,365,851$0$0$7,957,078
97$18,982,522$0$0$8,702,801
98$20,759,222$0$0$9,522,512
99$22,712,121$0$0$10,423,693
100$24,859,032$0$0$11,414,585