Can I retire at age 57 with 902,000?

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 $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%12%
1 years$74,486$73,823$73,176$72,544$71,927$71,324
2 years$36,874$36,188$35,522$34,877$34,251$33,643
3 years$24,339$23,649$22,985$22,346$21,730$21,137
4 years$18,072$17,385$16,727$16,099$15,498$14,923
5 years$14,313$13,630$12,981$12,366$11,781$11,227
6 years$11,808$11,130$10,491$9,889$9,322$8,789
7 years$10,019$9,347$8,718$8,130$7,581$7,069
8 years$8,678$8,012$7,393$6,820$6,290$5,799
9 years$7,636$6,976$6,368$5,809$5,297$4,827
10 years$6,803$6,149$5,552$5,008$4,513$4,064
11 years$6,121$5,474$4,888$4,358$3,881$3,453
12 years$5,554$4,913$4,338$3,823$3,364$2,955
13 years$5,074$4,440$3,875$3,375$2,933$2,545
14 years$4,663$4,036$3,482$2,996$2,571$2,202
15 years$4,307$3,687$3,144$2,672$2,264$1,913
16 years$3,996$3,383$2,850$2,392$2,001$1,668
17 years$3,722$3,115$2,594$2,149$1,774$1,459
18 years$3,479$2,879$2,368$1,937$1,577$1,279
19 years$3,261$2,668$2,168$1,750$1,406$1,124
20 years$3,066$2,479$1,989$1,585$1,256$990
21 years$2,889$2,309$1,830$1,439$1,124$873
22 years$2,729$2,156$1,686$1,308$1,007$771
23 years$2,582$2,016$1,557$1,191$904$682
24 years$2,448$1,889$1,440$1,087$813$604
25 years$2,325$1,773$1,334$992$731$535
26 years$2,212$1,666$1,237$907$659$474
27 years$2,107$1,568$1,149$830$594$421
28 years$2,010$1,477$1,068$761$536$374
29 years$1,920$1,394$994$698$484$332
30 years$1,836$1,316$926$640$437$296
31 years$1,758$1,244$863$588$395$263
32 years$1,684$1,177$805$541$358$234
33 years$1,615$1,115$752$497$324$208
34 years$1,551$1,057$702$457$293$185
35 years$1,490$1,002$657$421$265$165
36 years$1,433$951$614$388$240$147
37 years$1,379$904$575$357$218$131
38 years$1,327$859$538$329$198$117
39 years$1,279$817$504$304$179$104
40 years$1,233$777$473$280$163$93
41 years$1,190$740$443$258$147$83
42 years$1,148$704$416$238$134$74
43 years$1,109$671$390$220$121$66
44 years$1,072$640$366$203$110$59
45 years$1,036$610$344$188$100$53
46 years$1,002$582$323$173$91$47
47 years$970$555$304$160$82$42
48 years$939$530$285$148$75$37
49 years$909$506$268$137$68$33
50 years$881$484$252$126$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $902,000, adding $4,718 every year, while hoping to spend $22,548 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: 67/12/21 Blend
56$902,000$902,000$902,000$902,000
57$998,871$951,065$937,084$1,060,211
58$1,076,765$973,676$944,485$1,124,520
59$1,161,848$996,639$951,379$1,191,789
60$1,254,830$1,019,949$957,724$1,264,816
61$1,356,493$1,043,596$963,477$1,344,168
62$1,467,695$1,067,572$968,594$1,430,470
63$1,589,385$1,091,868$973,027$1,524,408
64$1,722,605$1,116,472$976,726$1,626,741
65$1,868,503$1,141,372$979,638$1,738,304
66$2,028,343$1,166,552$981,709$1,860,016
67$2,203,519$1,191,998$982,881$1,992,891
68$2,395,563$1,217,691$983,093$2,138,047
69$2,606,166$1,243,613$982,282$2,296,714
70$2,837,187$1,269,742$980,381$2,470,249
71$3,090,676$1,296,055$977,319$2,660,147
72$3,368,889$1,322,527$973,024$2,868,055
73$3,674,314$1,349,129$967,418$3,095,789
74$4,009,689$1,375,831$960,422$3,345,350
75$4,378,031$1,402,600$951,949$3,618,943
76$4,782,663$1,429,400$941,913$3,918,999
77$5,227,247$1,456,193$930,219$4,248,195
78$5,715,816$1,482,937$916,771$4,609,484
79$6,252,814$1,509,586$901,468$5,006,119
80$6,843,137$1,536,091$884,203$5,441,684
81$7,492,177$1,562,400$864,864$5,920,133
82$8,205,877$1,588,455$843,335$6,445,819
83$8,990,784$1,614,197$819,494$7,023,542
84$9,854,110$1,639,559$793,213$7,658,593
85$10,803,803$1,664,471$764,360$8,356,800
86$11,848,619$1,688,858$732,793$9,124,590
87$12,998,205$1,712,639$698,369$9,969,044
88$14,263,191$1,735,727$660,933$10,897,966
89$15,655,290$1,758,031$620,328$11,919,959
90$17,187,406$1,779,451$576,385$13,044,501
91$18,873,759$1,799,882$528,932$14,282,042
92$20,730,017$1,819,211$477,786$15,644,095
93$22,773,444$1,837,318$422,757$17,143,351
94$25,023,063$1,854,074$363,647$18,793,797
95$27,499,835$1,869,343$300,249$20,610,847
96$30,226,857$1,882,980$232,347$22,611,490
97$33,229,580$1,894,830$159,713$24,814,447
98$36,536,047$1,904,726$82,114$27,240,354
99$40,177,162$1,912,495$0$29,911,951
100$44,186,974$1,917,949$0$32,854,458