Can I retire at age 57 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$74,569$73,905$73,257$72,624$72,006$69,674
2 years$36,915$36,228$35,561$34,915$34,289$31,960
3 years$24,366$23,675$23,011$22,371$21,754$19,503
4 years$18,092$17,404$16,746$16,117$15,515$13,359
5 years$14,329$13,645$12,995$12,379$11,794$9,739
6 years$11,821$11,142$10,502$9,900$9,333$7,379
7 years$10,030$9,357$8,727$8,139$7,590$5,738
8 years$8,688$8,021$7,402$6,828$6,297$4,546
9 years$7,644$6,983$6,375$5,816$5,303$3,651
10 years$6,810$6,156$5,558$5,013$4,518$2,962
11 years$6,128$5,480$4,893$4,363$3,886$2,423
12 years$5,560$4,919$4,342$3,827$3,367$1,995
13 years$5,080$4,445$3,880$3,379$2,936$1,650
14 years$4,668$4,040$3,486$2,999$2,574$1,371
15 years$4,312$3,691$3,147$2,675$2,266$1,143
16 years$4,001$3,386$2,854$2,395$2,003$955
17 years$3,726$3,119$2,597$2,152$1,776$800
18 years$3,483$2,882$2,370$1,939$1,579$672
19 years$3,265$2,671$2,170$1,752$1,408$565
20 years$3,069$2,482$1,991$1,587$1,257$475
21 years$2,892$2,312$1,832$1,440$1,125$400
22 years$2,732$2,158$1,688$1,310$1,008$338
23 years$2,585$2,018$1,559$1,193$905$285
24 years$2,451$1,891$1,442$1,088$814$241
25 years$2,328$1,775$1,335$993$732$203
26 years$2,215$1,668$1,238$908$660$172
27 years$2,110$1,570$1,150$831$595$145
28 years$2,013$1,479$1,069$762$537$123
29 years$1,922$1,395$995$699$484$104
30 years$1,838$1,318$927$641$438$88
31 years$1,760$1,246$864$589$396$75
32 years$1,686$1,179$806$541$358$63
33 years$1,617$1,116$753$498$324$53
34 years$1,552$1,058$703$458$293$45
35 years$1,492$1,003$657$421$266$38
36 years$1,434$952$615$388$241$32
37 years$1,380$905$576$358$218$28
38 years$1,329$860$539$330$198$23
39 years$1,280$817$505$304$179$20
40 years$1,235$778$473$280$163$17
41 years$1,191$740$444$259$148$14
42 years$1,150$705$416$239$134$12
43 years$1,110$672$391$220$122$10
44 years$1,073$640$367$203$110$9
45 years$1,037$611$344$188$100$7
46 years$1,003$583$323$174$91$6
47 years$971$556$304$160$83$5
48 years$940$531$286$148$75$4
49 years$910$507$268$137$68$4
50 years$882$484$252$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $903,000, adding $4,011 every year, while hoping to spend $55,842 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: 60/30/10 Blend
56$903,000$903,000$903,000$903,000
57$999,243$951,384$937,388$1,056,652
58$1,041,751$938,587$909,375$1,082,871
59$1,086,722$923,290$878,552$1,104,756
60$1,134,350$905,314$844,766$1,127,251
61$1,184,845$884,466$807,857$1,150,421
62$1,238,436$860,541$767,657$1,174,334
63$1,295,375$833,326$723,991$1,199,073
64$1,355,936$802,592$676,678$1,224,727
65$1,420,420$768,097$625,525$1,251,400
66$1,489,155$729,587$570,333$1,279,209
67$1,562,504$686,791$510,893$1,308,286
68$1,640,859$639,424$446,988$1,338,780
69$1,724,655$587,183$378,390$1,370,858
70$1,814,365$529,751$304,862$1,404,710
71$1,910,510$466,788$226,155$1,440,548
72$2,013,661$397,940$142,010$1,478,610
73$2,124,444$322,829$52,157$1,519,165
74$2,243,547$241,057$0$1,562,513
75$2,371,724$152,204$0$1,613,657
76$2,509,805$55,827$0$1,674,549
77$2,658,699$0$0$1,740,074
78$2,819,406$0$0$1,826,761
79$2,993,025$0$0$1,940,378
80$3,180,764$0$0$2,063,295
81$3,383,949$0$0$2,196,387
82$3,604,039$0$0$2,340,616
83$3,842,639$0$0$2,497,044
84$4,101,513$0$0$2,666,834
85$4,382,599$0$0$2,851,268
86$4,688,032$0$0$3,051,756
87$5,020,160$0$0$3,269,847
88$5,381,564$0$0$3,507,249
89$5,775,085$0$0$3,765,837
90$6,203,851$0$0$4,047,679
91$6,671,301$0$0$4,355,046
92$7,181,223$0$0$4,690,442
93$7,737,785$0$0$5,056,621
94$8,345,574$0$0$5,456,614
95$9,009,642$0$0$5,893,759
96$9,735,549$0$0$6,371,731
97$10,529,416$0$0$6,894,575
98$11,397,984$0$0$7,466,747
99$12,348,675$0$0$8,093,151
100$13,389,662$0$0$8,779,190