Can I retire at age 57 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$74,404$73,741$73,094$72,463$71,847$71,364
2 years$36,834$36,148$35,483$34,838$34,213$33,726
3 years$24,312$23,623$22,960$22,321$21,706$21,230
4 years$18,052$17,365$16,709$16,081$15,481$15,020
5 years$14,297$13,615$12,967$12,352$11,768$11,323
6 years$11,795$11,117$10,479$9,878$9,312$8,883
7 years$10,008$9,336$8,708$8,121$7,573$7,161
8 years$8,669$8,003$7,385$6,813$6,283$5,887
9 years$7,628$6,968$6,361$5,803$5,291$4,912
10 years$6,795$6,142$5,546$5,002$4,508$4,146
11 years$6,114$5,468$4,882$4,353$3,877$3,531
12 years$5,548$4,908$4,333$3,818$3,360$3,030
13 years$5,068$4,435$3,871$3,371$2,930$2,615
14 years$4,658$4,031$3,478$2,993$2,568$2,269
15 years$4,302$3,683$3,140$2,669$2,261$1,977
16 years$3,992$3,379$2,847$2,390$1,999$1,728
17 years$3,718$3,112$2,591$2,147$1,772$1,516
18 years$3,475$2,875$2,365$1,935$1,576$1,333
19 years$3,258$2,665$2,165$1,748$1,404$1,175
20 years$3,062$2,476$1,987$1,583$1,254$1,037
21 years$2,886$2,307$1,828$1,437$1,123$918
22 years$2,726$2,153$1,685$1,307$1,006$813
23 years$2,579$2,014$1,555$1,190$903$721
24 years$2,446$1,887$1,438$1,085$812$640
25 years$2,323$1,771$1,332$991$731$569
26 years$2,210$1,664$1,236$906$658$506
27 years$2,105$1,566$1,147$830$593$451
28 years$2,008$1,476$1,067$760$535$402
29 years$1,918$1,392$993$697$483$358
30 years$1,834$1,315$925$640$437$319
31 years$1,756$1,243$862$587$395$285
32 years$1,682$1,176$804$540$357$255
33 years$1,614$1,114$751$496$323$227
34 years$1,549$1,056$702$457$293$203
35 years$1,488$1,001$656$421$265$182
36 years$1,431$950$614$387$240$162
37 years$1,377$903$574$357$218$145
38 years$1,326$858$538$329$197$130
39 years$1,278$816$504$303$179$116
40 years$1,232$776$472$280$162$104
41 years$1,188$739$443$258$147$93
42 years$1,147$704$415$238$134$83
43 years$1,108$670$390$220$121$75
44 years$1,071$639$366$203$110$67
45 years$1,035$609$344$187$100$60
46 years$1,001$581$323$173$91$53
47 years$969$555$303$160$82$48
48 years$938$530$285$148$75$43
49 years$908$506$268$137$68$38
50 years$880$483$252$126$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $901,000, adding $6,671 every year, while hoping to spend $45,044 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: 45/39/16 Blend
56$901,000$901,000$901,000$901,000
57$999,783$952,030$938,065$1,039,912
58$1,053,835$950,753$921,563$1,067,321
59$1,111,890$947,904$903,000$1,091,982
60$1,174,309$943,358$882,257$1,117,755
61$1,241,489$936,983$859,213$1,144,764
62$1,313,864$928,638$833,740$1,173,146
63$1,391,912$918,176$805,704$1,203,054
64$1,476,159$905,438$774,967$1,234,662
65$1,567,180$890,257$741,381$1,268,163
66$1,665,610$872,457$704,795$1,303,774
67$1,772,144$851,850$665,048$1,341,738
68$1,887,550$828,237$621,973$1,382,325
69$2,012,668$801,409$575,398$1,425,838
70$2,148,425$771,143$525,138$1,472,616
71$2,295,838$737,203$471,004$1,523,036
72$2,456,028$699,341$412,798$1,577,518
73$2,630,228$657,293$350,311$1,636,533
74$2,819,791$610,780$283,327$1,700,601
75$3,026,211$559,509$211,619$1,770,306
76$3,251,127$503,168$134,951$1,846,294
77$3,496,346$441,428$53,076$1,929,287
78$3,763,857$373,941$0$2,020,085
79$4,055,846$300,340$0$2,125,434
80$4,374,723$220,237$0$2,250,519
81$4,723,138$133,222$0$2,387,416
82$5,104,011$38,862$0$2,537,395
83$5,520,554$0$0$2,701,862
84$5,976,307$0$0$2,909,539
85$6,475,166$0$0$3,155,219
86$7,021,420$0$0$3,424,348
87$7,619,795$0$0$3,719,268
88$8,275,493$0$0$4,042,558
89$8,994,244$0$0$4,397,057
90$9,782,359$0$0$4,785,893
91$10,646,789$0$0$5,212,511
92$11,595,190$0$0$5,680,705
93$12,635,994$0$0$6,194,655
94$13,778,490$0$0$6,758,965
95$15,032,910$0$0$7,378,708
96$16,410,524$0$0$8,059,469
97$17,923,750$0$0$8,807,405
98$19,586,264$0$0$9,629,295
99$21,413,135$0$0$10,532,608
100$23,420,962$0$0$11,525,576