Can I retire at age 57 with 901,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$74,404$73,741$73,094$72,463$71,847$70,979
2 years$36,834$36,148$35,483$34,838$34,213$33,339
3 years$24,312$23,623$22,960$22,321$21,706$20,854
4 years$18,052$17,365$16,709$16,081$15,481$14,657
5 years$14,297$13,615$12,967$12,352$11,768$10,975
6 years$11,795$11,117$10,479$9,878$9,312$8,550
7 years$10,008$9,336$8,708$8,121$7,573$6,843
8 years$8,669$8,003$7,385$6,813$6,283$5,584
9 years$7,628$6,968$6,361$5,803$5,291$4,624
10 years$6,795$6,142$5,546$5,002$4,508$3,872
11 years$6,114$5,468$4,882$4,353$3,877$3,272
12 years$5,548$4,908$4,333$3,818$3,360$2,784
13 years$5,068$4,435$3,871$3,371$2,930$2,383
14 years$4,658$4,031$3,478$2,993$2,568$2,050
15 years$4,302$3,683$3,140$2,669$2,261$1,770
16 years$3,992$3,379$2,847$2,390$1,999$1,534
17 years$3,718$3,112$2,591$2,147$1,772$1,333
18 years$3,475$2,875$2,365$1,935$1,576$1,162
19 years$3,258$2,665$2,165$1,748$1,404$1,014
20 years$3,062$2,476$1,987$1,583$1,254$887
21 years$2,886$2,307$1,828$1,437$1,123$777
22 years$2,726$2,153$1,685$1,307$1,006$682
23 years$2,579$2,014$1,555$1,190$903$599
24 years$2,446$1,887$1,438$1,085$812$526
25 years$2,323$1,771$1,332$991$731$463
26 years$2,210$1,664$1,236$906$658$408
27 years$2,105$1,566$1,147$830$593$360
28 years$2,008$1,476$1,067$760$535$317
29 years$1,918$1,392$993$697$483$280
30 years$1,834$1,315$925$640$437$247
31 years$1,756$1,243$862$587$395$218
32 years$1,682$1,176$804$540$357$193
33 years$1,614$1,114$751$496$323$170
34 years$1,549$1,056$702$457$293$150
35 years$1,488$1,001$656$421$265$133
36 years$1,431$950$614$387$240$118
37 years$1,377$903$574$357$218$104
38 years$1,326$858$538$329$197$92
39 years$1,278$816$504$303$179$81
40 years$1,232$776$472$280$162$72
41 years$1,188$739$443$258$147$64
42 years$1,147$704$415$238$134$56
43 years$1,108$670$390$220$121$50
44 years$1,071$639$366$203$110$44
45 years$1,035$609$344$187$100$39
46 years$1,001$581$323$173$91$35
47 years$969$555$303$160$82$31
48 years$938$530$285$148$75$27
49 years$908$506$268$137$68$24
50 years$880$483$252$126$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $901,000, adding $6,877 every year, while hoping to spend $52,056 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: 84/6/10 Blend
56$901,000$901,000$901,000$901,000
57$999,996$952,243$938,277$1,081,929
58$1,046,608$943,515$914,322$1,127,798
59$1,096,230$932,616$887,820$1,170,468
60$1,149,114$919,382$858,631$1,215,737
61$1,205,536$903,644$826,607$1,263,836
62$1,265,798$885,220$791,595$1,315,018
63$1,330,231$863,918$753,436$1,369,560
64$1,399,200$839,535$711,961$1,427,769
65$1,473,101$811,855$666,995$1,489,982
66$1,552,373$780,652$618,355$1,556,571
67$1,637,495$745,683$565,849$1,627,944
68$1,728,993$706,695$509,278$1,704,553
69$1,827,444$663,417$448,433$1,786,894
70$1,933,483$615,564$383,096$1,875,514
71$2,047,807$562,836$313,038$1,971,015
72$2,171,181$504,912$238,022$2,074,061
73$2,304,446$441,457$157,800$2,185,385
74$2,448,525$372,115$72,113$2,305,791
75$2,604,435$296,509$0$2,436,170
76$2,773,292$214,242$0$2,579,564
77$2,956,323$124,895$0$2,743,334
78$3,154,878$28,025$0$2,921,000
79$3,370,442$0$0$3,113,906
80$3,604,647$0$0$3,328,605
81$3,859,289$0$0$3,564,066
82$4,136,344$0$0$3,820,265
83$4,437,985$0$0$4,099,216
84$4,766,606$0$0$4,403,132
85$5,124,839$0$0$4,734,451
86$5,515,580$0$0$5,095,853
87$5,942,020$0$0$5,490,290
88$6,407,667$0$0$5,921,012
89$6,916,387$0$0$6,391,595
90$7,472,433$0$0$6,905,976
91$8,080,489$0$0$7,468,492
92$8,745,711$0$0$8,083,914
93$9,473,778$0$0$8,757,499
94$10,270,942$0$0$9,495,033
95$11,144,088$0$0$10,302,891
96$12,100,798$0$0$11,188,090
97$13,149,423$0$0$12,158,360
98$14,299,160$0$0$13,222,214
99$15,560,138$0$0$14,389,027
100$16,943,513$0$0$15,669,128