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%14.3%
1 years$74,404$73,741$73,094$72,463$71,847$70,570
2 years$36,834$36,148$35,483$34,838$34,213$32,930
3 years$24,312$23,623$22,960$22,321$21,706$20,458
4 years$18,052$17,365$16,709$16,081$15,481$14,277
5 years$14,297$13,615$12,967$12,352$11,768$10,613
6 years$11,795$11,117$10,479$9,878$9,312$8,205
7 years$10,008$9,336$8,708$8,121$7,573$6,516
8 years$8,669$8,003$7,385$6,813$6,283$5,275
9 years$7,628$6,968$6,361$5,803$5,291$4,332
10 years$6,795$6,142$5,546$5,002$4,508$3,596
11 years$6,114$5,468$4,882$4,353$3,877$3,012
12 years$5,548$4,908$4,333$3,818$3,360$2,540
13 years$5,068$4,435$3,871$3,371$2,930$2,155
14 years$4,658$4,031$3,478$2,993$2,568$1,836
15 years$4,302$3,683$3,140$2,669$2,261$1,571
16 years$3,992$3,379$2,847$2,390$1,999$1,348
17 years$3,718$3,112$2,591$2,147$1,772$1,160
18 years$3,475$2,875$2,365$1,935$1,576$1,000
19 years$3,258$2,665$2,165$1,748$1,404$865
20 years$3,062$2,476$1,987$1,583$1,254$748
21 years$2,886$2,307$1,828$1,437$1,123$649
22 years$2,726$2,153$1,685$1,307$1,006$563
23 years$2,579$2,014$1,555$1,190$903$489
24 years$2,446$1,887$1,438$1,085$812$425
25 years$2,323$1,771$1,332$991$731$370
26 years$2,210$1,664$1,236$906$658$322
27 years$2,105$1,566$1,147$830$593$281
28 years$2,008$1,476$1,067$760$535$245
29 years$1,918$1,392$993$697$483$214
30 years$1,834$1,315$925$640$437$186
31 years$1,756$1,243$862$587$395$163
32 years$1,682$1,176$804$540$357$142
33 years$1,614$1,114$751$496$323$124
34 years$1,549$1,056$702$457$293$108
35 years$1,488$1,001$656$421$265$95
36 years$1,431$950$614$387$240$83
37 years$1,377$903$574$357$218$72
38 years$1,326$858$538$329$197$63
39 years$1,278$816$504$303$179$55
40 years$1,232$776$472$280$162$48
41 years$1,188$739$443$258$147$42
42 years$1,147$704$415$238$134$37
43 years$1,108$670$390$220$121$32
44 years$1,071$639$366$203$110$28
45 years$1,035$609$344$187$100$25
46 years$1,001$581$323$173$91$22
47 years$969$555$303$160$82$19
48 years$938$530$285$148$75$17
49 years$908$506$268$137$68$14
50 years$880$483$252$126$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $901,000, adding $6,689 every year, while hoping to spend $44,474 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: 81/5/14 Blend
56$901,000$901,000$901,000$901,000
57$999,802$952,049$938,083$1,077,490
58$1,054,461$951,379$922,189$1,128,812
59$1,113,206$949,186$904,272$1,178,675
60$1,176,405$945,348$884,217$1,232,123
61$1,244,464$939,736$861,904$1,289,493
62$1,317,829$932,213$837,208$1,351,160
63$1,396,991$922,634$809,997$1,417,532
64$1,482,486$910,845$780,134$1,489,064
65$1,574,906$896,683$747,475$1,566,253
66$1,674,901$879,975$711,869$1,649,648
67$1,783,185$860,538$673,161$1,739,856
68$1,900,543$838,178$631,186$1,837,543
69$2,027,840$812,690$585,772$1,943,445
70$2,166,024$783,856$536,739$2,058,373
71$2,316,140$751,447$483,902$2,183,219
72$2,479,337$715,219$427,064$2,318,968
73$2,656,880$674,915$366,021$2,466,706
74$2,850,158$630,262$300,559$2,627,629
75$3,060,702$580,973$230,456$2,803,057
76$3,290,197$526,744$155,479$2,994,442
77$3,540,494$467,252$75,385$3,203,388
78$3,813,636$402,158$0$3,431,660
79$4,111,866$331,103$0$3,682,714
80$4,437,656$253,707$0$3,969,305
81$4,793,728$169,570$0$4,282,567
82$5,183,078$78,268$0$4,625,153
83$5,609,003$0$0$4,999,982
84$6,075,137$0$0$5,411,408
85$6,585,477$0$0$5,866,589
86$7,144,428$0$0$6,365,151
87$7,756,841$0$0$6,911,421
88$8,428,055$0$0$7,510,166
89$9,163,953$0$0$8,166,638
90$9,971,015$0$0$8,886,619
91$10,856,376$0$0$9,676,478
92$11,827,895$0$0$10,543,230
93$12,894,231$0$0$11,494,603
94$14,064,919$0$0$12,539,109
95$15,350,466$0$0$13,686,125
96$16,762,442$0$0$14,945,979
97$18,313,596$0$0$16,330,050
98$20,017,971$0$0$17,850,872
99$21,891,038$0$0$19,522,257
100$23,949,843$0$0$21,359,416