Can I retire at age 57 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$74,486$73,823$73,176$72,544$71,927$69,764
2 years$36,874$36,188$35,522$34,877$34,251$32,090
3 years$24,339$23,649$22,985$22,346$21,730$19,639
4 years$18,072$17,385$16,727$16,099$15,498$13,493
5 years$14,313$13,630$12,981$12,366$11,781$9,868
6 years$11,808$11,130$10,491$9,889$9,322$7,501
7 years$10,019$9,347$8,718$8,130$7,581$5,853
8 years$8,678$8,012$7,393$6,820$6,290$4,653
9 years$7,636$6,976$6,368$5,809$5,297$3,751
10 years$6,803$6,149$5,552$5,008$4,513$3,055
11 years$6,121$5,474$4,888$4,358$3,881$2,508
12 years$5,554$4,913$4,338$3,823$3,364$2,073
13 years$5,074$4,440$3,875$3,375$2,933$1,722
14 years$4,663$4,036$3,482$2,996$2,571$1,437
15 years$4,307$3,687$3,144$2,672$2,264$1,203
16 years$3,996$3,383$2,850$2,392$2,001$1,010
17 years$3,722$3,115$2,594$2,149$1,774$850
18 years$3,479$2,879$2,368$1,937$1,577$716
19 years$3,261$2,668$2,168$1,750$1,406$605
20 years$3,066$2,479$1,989$1,585$1,256$511
21 years$2,889$2,309$1,830$1,439$1,124$433
22 years$2,729$2,156$1,686$1,308$1,007$367
23 years$2,582$2,016$1,557$1,191$904$311
24 years$2,448$1,889$1,440$1,087$813$264
25 years$2,325$1,773$1,334$992$731$224
26 years$2,212$1,666$1,237$907$659$190
27 years$2,107$1,568$1,149$830$594$162
28 years$2,010$1,477$1,068$761$536$138
29 years$1,920$1,394$994$698$484$117
30 years$1,836$1,316$926$640$437$99
31 years$1,758$1,244$863$588$395$85
32 years$1,684$1,177$805$541$358$72
33 years$1,615$1,115$752$497$324$61
34 years$1,551$1,057$702$457$293$52
35 years$1,490$1,002$657$421$265$44
36 years$1,433$951$614$388$240$38
37 years$1,379$904$575$357$218$32
38 years$1,327$859$538$329$198$27
39 years$1,279$817$504$304$179$23
40 years$1,233$777$473$280$163$20
41 years$1,190$740$443$258$147$17
42 years$1,148$704$416$238$134$14
43 years$1,109$671$390$220$121$12
44 years$1,072$640$366$203$110$10
45 years$1,036$610$344$188$100$9
46 years$1,002$582$323$173$91$8
47 years$970$555$304$160$82$6
48 years$939$530$285$148$75$5
49 years$909$506$268$137$68$5
50 years$881$484$252$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $902,000, adding $4,194 every year, while hoping to spend $31,672 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: 31/48/21 Blend
56$902,000$902,000$902,000$902,000
57$998,330$950,524$936,543$1,022,651
58$1,066,461$963,401$934,219$1,054,269
59$1,140,480$975,847$930,755$1,085,137
60$1,220,953$987,809$926,080$1,117,705
61$1,308,506$999,227$920,119$1,152,140
62$1,403,824$1,010,039$912,793$1,188,629
63$1,507,663$1,020,180$904,020$1,227,379
64$1,620,853$1,029,577$893,714$1,268,620
65$1,744,311$1,038,157$881,784$1,312,606
66$1,879,042$1,045,838$868,135$1,359,620
67$2,026,155$1,052,536$852,669$1,409,977
68$2,186,871$1,058,158$835,281$1,464,025
69$2,362,532$1,062,608$815,863$1,522,150
70$2,554,618$1,065,783$794,302$1,584,783
71$2,764,756$1,067,573$770,478$1,652,397
72$2,994,739$1,067,863$744,267$1,725,520
73$3,246,543$1,066,528$715,540$1,804,735
74$3,522,339$1,063,437$684,160$1,890,691
75$3,824,524$1,058,451$649,985$1,984,105
76$4,155,733$1,051,423$612,867$2,085,769
77$4,518,870$1,042,195$572,651$2,196,565
78$4,917,133$1,030,601$529,173$2,317,465
79$5,354,046$1,016,466$482,266$2,449,547
80$5,833,488$999,602$431,751$2,594,006
81$6,359,732$979,811$377,443$2,752,160
82$6,937,488$956,884$319,150$2,925,472
83$7,571,939$930,600$256,670$3,115,557
84$8,268,800$900,722$189,791$3,324,203
85$9,034,364$867,003$118,295$3,553,387
86$9,875,562$829,180$41,951$3,805,296
87$10,800,033$786,973$0$4,082,345
88$11,816,190$740,089$0$4,396,064
89$12,933,304$688,216$0$4,751,157
90$14,161,587$631,025$0$5,141,536
91$15,512,292$568,167$0$5,570,870
92$16,997,814$499,276$0$6,043,209
93$18,631,813$423,962$0$6,563,021
94$20,429,336$341,815$0$7,135,242
95$22,406,965$252,400$0$7,765,315
96$24,582,967$155,260$0$8,459,251
97$26,977,473$49,910$0$9,223,682
98$29,612,660$0$0$10,065,928
99$32,512,965$0$0$11,027,951
100$35,705,316$0$0$12,116,030