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%19.8%
1 years$74,321$73,659$73,013$72,383$71,767$68,947
2 years$36,793$36,107$35,443$34,799$34,175$31,368
3 years$24,285$23,597$22,934$22,296$21,682$18,977
4 years$18,032$17,346$16,690$16,063$15,464$12,881
5 years$14,281$13,599$12,952$12,338$11,755$9,302
6 years$11,782$11,105$10,467$9,867$9,302$6,978
7 years$9,997$9,326$8,698$8,112$7,565$5,371
8 years$8,659$7,994$7,377$6,805$6,276$4,210
9 years$7,619$6,960$6,354$5,796$5,285$3,344
10 years$6,787$6,135$5,539$4,997$4,503$2,682
11 years$6,108$5,462$4,877$4,348$3,873$2,169
12 years$5,541$4,902$4,328$3,814$3,356$1,764
13 years$5,063$4,430$3,867$3,367$2,927$1,442
14 years$4,653$4,027$3,474$2,989$2,565$1,183
15 years$4,298$3,679$3,137$2,666$2,259$973
16 years$3,987$3,375$2,844$2,387$1,996$803
17 years$3,714$3,108$2,588$2,145$1,770$664
18 years$3,471$2,872$2,362$1,933$1,574$550
19 years$3,254$2,662$2,163$1,746$1,403$456
20 years$3,059$2,474$1,985$1,582$1,253$378
21 years$2,883$2,304$1,826$1,436$1,121$314
22 years$2,722$2,151$1,683$1,305$1,005$261
23 years$2,577$2,012$1,554$1,189$902$218
24 years$2,443$1,885$1,437$1,084$811$181
25 years$2,320$1,769$1,331$990$730$151
26 years$2,207$1,662$1,234$905$657$126
27 years$2,103$1,564$1,146$829$593$105
28 years$2,006$1,474$1,065$759$535$87
29 years$1,916$1,391$991$696$483$73
30 years$1,832$1,313$924$639$436$61
31 years$1,754$1,242$861$587$394$51
32 years$1,680$1,175$803$539$357$42
33 years$1,612$1,113$750$496$323$35
34 years$1,547$1,054$701$456$292$29
35 years$1,487$1,000$655$420$265$25
36 years$1,429$949$613$387$240$20
37 years$1,375$902$574$356$217$17
38 years$1,324$857$537$329$197$14
39 years$1,276$815$503$303$179$12
40 years$1,230$775$472$279$162$10
41 years$1,187$738$442$258$147$8
42 years$1,146$703$415$238$133$7
43 years$1,107$670$389$220$121$6
44 years$1,069$638$366$203$110$5
45 years$1,034$609$343$187$100$4
46 years$1,000$581$322$173$91$3
47 years$968$554$303$160$82$3
48 years$937$529$285$148$75$2
49 years$907$505$267$136$68$2
50 years$879$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $900,000, adding $5,066 every year, while hoping to spend $39,721 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: 66/25/9 Blend
56$900,000$900,000$900,000$900,000
57$997,026$949,326$935,376$1,060,690
58$1,056,459$953,580$924,448$1,107,938
59$1,120,624$956,711$911,823$1,154,363
60$1,189,960$958,622$897,401$1,204,066
61$1,264,953$959,211$881,081$1,257,363
62$1,346,133$958,368$862,752$1,314,601
63$1,434,086$955,976$842,302$1,376,167
64$1,529,457$951,912$819,613$1,442,484
65$1,632,951$946,045$794,559$1,514,021
66$1,745,348$938,237$767,013$1,591,296
67$1,867,503$928,341$736,838$1,674,881
68$2,000,358$916,199$703,891$1,765,405
69$2,144,949$901,647$668,026$1,863,567
70$2,302,415$884,510$629,087$1,970,134
71$2,474,012$864,601$586,911$2,085,955
72$2,661,119$841,724$541,331$2,211,967
73$2,865,256$815,671$492,168$2,349,205
74$3,088,095$786,222$439,239$2,498,809
75$3,331,477$753,143$382,349$2,662,039
76$3,597,428$716,188$321,299$2,840,287
77$3,888,180$675,096$255,877$3,035,087
78$4,206,189$629,590$185,863$3,248,133
79$4,554,159$579,379$111,028$3,481,295
80$4,935,069$524,154$31,133$3,736,635
81$5,352,198$463,589$0$4,016,430
82$5,809,156$397,339$0$4,328,390
83$6,309,923$325,041$0$4,673,618
84$6,858,877$246,310$0$5,052,206
85$7,460,842$160,739$0$5,467,555
86$8,121,132$67,900$0$5,923,418
87$8,845,600$0$0$6,423,932
88$9,640,690$0$0$6,982,646
89$10,513,504$0$0$7,616,541
90$11,471,863$0$0$8,312,625
91$12,524,384$0$0$9,077,165
92$13,680,556$0$0$9,917,062
93$14,950,837$0$0$10,839,921
94$16,346,745$0$0$11,854,118
95$17,880,969$0$0$12,968,881
96$19,567,491$0$0$14,194,378
97$21,421,711$0$0$15,541,810
98$23,460,599$0$0$17,023,517
99$25,702,851$0$0$18,653,097
100$28,169,065$0$0$20,445,529