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%19.9%
1 years$74,569$73,905$73,257$72,624$72,006$69,150
2 years$36,915$36,228$35,561$34,915$34,289$31,446
3 years$24,366$23,675$23,011$22,371$21,754$19,015
4 years$18,092$17,404$16,746$16,117$15,515$12,900
5 years$14,329$13,645$12,995$12,379$11,794$9,311
6 years$11,821$11,142$10,502$9,900$9,333$6,981
7 years$10,030$9,357$8,727$8,139$7,590$5,370
8 years$8,688$8,021$7,402$6,828$6,297$4,207
9 years$7,644$6,983$6,375$5,816$5,303$3,339
10 years$6,810$6,156$5,558$5,013$4,518$2,677
11 years$6,128$5,480$4,893$4,363$3,886$2,163
12 years$5,560$4,919$4,342$3,827$3,367$1,758
13 years$5,080$4,445$3,880$3,379$2,936$1,436
14 years$4,668$4,040$3,486$2,999$2,574$1,177
15 years$4,312$3,691$3,147$2,675$2,266$968
16 years$4,001$3,386$2,854$2,395$2,003$798
17 years$3,726$3,119$2,597$2,152$1,776$659
18 years$3,483$2,882$2,370$1,939$1,579$545
19 years$3,265$2,671$2,170$1,752$1,408$452
20 years$3,069$2,482$1,991$1,587$1,257$375
21 years$2,892$2,312$1,832$1,440$1,125$311
22 years$2,732$2,158$1,688$1,310$1,008$259
23 years$2,585$2,018$1,559$1,193$905$215
24 years$2,451$1,891$1,442$1,088$814$179
25 years$2,328$1,775$1,335$993$732$149
26 years$2,215$1,668$1,238$908$660$124
27 years$2,110$1,570$1,150$831$595$103
28 years$2,013$1,479$1,069$762$537$86
29 years$1,922$1,395$995$699$484$72
30 years$1,838$1,318$927$641$438$60
31 years$1,760$1,246$864$589$396$50
32 years$1,686$1,179$806$541$358$41
33 years$1,617$1,116$753$498$324$35
34 years$1,552$1,058$703$458$293$29
35 years$1,492$1,003$657$421$266$24
36 years$1,434$952$615$388$241$20
37 years$1,380$905$576$358$218$17
38 years$1,329$860$539$330$198$14
39 years$1,280$817$505$304$179$12
40 years$1,235$778$473$280$163$10
41 years$1,191$740$444$259$148$8
42 years$1,150$705$416$239$134$7
43 years$1,110$672$391$220$122$6
44 years$1,073$640$367$203$110$5
45 years$1,037$611$344$188$100$4
46 years$1,003$583$323$174$91$3
47 years$971$556$304$160$83$3
48 years$940$531$286$148$75$2
49 years$910$507$268$137$68$2
50 years$882$484$252$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $903,000, adding $3,207 every year, while hoping to spend $39,778 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: 53/20/27 Blend
56$903,000$903,000$903,000$903,000
57$998,414$950,555$936,559$1,043,661
58$1,057,929$954,809$925,610$1,079,585
59$1,122,181$957,938$912,961$1,114,336
60$1,191,611$959,845$898,513$1,151,357
61$1,266,705$960,427$882,163$1,190,879
62$1,347,996$959,574$863,802$1,233,162
63$1,436,069$957,170$843,317$1,278,491
64$1,531,568$953,092$820,588$1,327,184
65$1,635,202$947,208$795,492$1,379,592
66$1,747,751$939,379$767,899$1,436,106
67$1,870,071$929,458$737,673$1,497,157
68$2,003,105$917,289$704,672$1,563,224
69$2,147,891$902,705$668,748$1,634,836
70$2,305,570$885,531$629,745$1,712,580
71$2,477,397$865,582$587,501$1,797,105
72$2,664,756$842,660$541,846$1,889,130
73$2,869,168$816,556$492,604$1,989,452
74$3,092,306$787,051$439,590$2,098,949
75$3,336,015$753,910$382,610$2,218,596
76$3,602,323$716,886$321,462$2,349,470
77$3,893,465$675,719$255,936$2,492,763
78$4,211,900$630,130$185,811$2,649,791
79$4,560,336$579,829$110,859$2,822,011
80$4,941,756$524,506$30,838$3,011,033
81$5,359,443$463,835$0$3,218,637
82$5,817,013$397,470$0$3,462,508
83$6,318,449$325,047$0$3,739,604
84$6,868,137$246,180$0$4,043,512
85$7,470,907$160,463$0$4,376,966
86$8,132,079$67,465$0$4,742,985
87$8,857,514$0$0$5,144,894
88$9,653,665$0$0$5,593,683
89$10,527,644$0$0$6,102,734
90$11,487,282$0$0$6,661,769
91$12,541,207$0$0$7,275,828
92$13,698,921$0$0$7,950,460
93$14,970,896$0$0$8,691,778
94$16,368,664$0$0$9,506,516
95$17,904,933$0$0$10,402,096
96$19,593,702$0$0$11,386,691
97$21,450,393$0$0$12,469,308
98$23,491,997$0$0$13,659,869
99$25,737,235$0$0$14,969,305
100$28,206,733$0$0$16,409,662