Can I retire at age 57 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$74,651$73,987$73,338$72,705$72,086$71,068
2 years$36,956$36,268$35,601$34,954$34,327$33,303
3 years$24,393$23,701$23,036$22,395$21,778$20,780
4 years$18,112$17,423$16,764$16,135$15,532$14,568
5 years$14,345$13,660$13,010$12,393$11,808$10,880
6 years$11,834$11,154$10,514$9,911$9,343$8,453
7 years$10,042$9,367$8,737$8,148$7,598$6,747
8 years$8,698$8,030$7,410$6,835$6,304$5,490
9 years$7,653$6,991$6,382$5,822$5,308$4,532
10 years$6,818$6,162$5,564$5,019$4,523$3,784
11 years$6,135$5,486$4,898$4,368$3,890$3,187
12 years$5,566$4,924$4,347$3,831$3,371$2,704
13 years$5,085$4,450$3,884$3,382$2,940$2,307
14 years$4,673$4,045$3,490$3,002$2,577$1,978
15 years$4,317$3,695$3,151$2,678$2,269$1,702
16 years$4,005$3,390$2,857$2,398$2,005$1,470
17 years$3,730$3,122$2,599$2,154$1,778$1,273
18 years$3,486$2,885$2,373$1,941$1,581$1,105
19 years$3,268$2,674$2,172$1,754$1,409$961
20 years$3,072$2,485$1,994$1,589$1,259$838
21 years$2,895$2,314$1,834$1,442$1,126$731
22 years$2,735$2,160$1,690$1,311$1,010$639
23 years$2,588$2,021$1,561$1,194$906$559
24 years$2,454$1,893$1,443$1,089$815$490
25 years$2,331$1,777$1,337$995$733$429
26 years$2,217$1,670$1,240$909$660$376
27 years$2,112$1,571$1,151$832$595$330
28 years$2,015$1,481$1,070$763$537$290
29 years$1,924$1,397$996$699$485$255
30 years$1,840$1,319$928$642$438$224
31 years$1,762$1,247$865$589$396$197
32 years$1,688$1,180$807$542$358$173
33 years$1,619$1,117$753$498$324$153
34 years$1,554$1,059$704$458$294$134
35 years$1,493$1,005$658$422$266$118
36 years$1,436$953$616$389$241$104
37 years$1,382$906$576$358$218$92
38 years$1,330$861$540$330$198$81
39 years$1,282$818$506$304$180$71
40 years$1,236$779$474$281$163$63
41 years$1,192$741$444$259$148$55
42 years$1,151$706$417$239$134$49
43 years$1,112$673$391$221$122$43
44 years$1,074$641$367$204$110$38
45 years$1,038$611$345$188$100$33
46 years$1,004$583$324$174$91$29
47 years$972$557$304$161$83$26
48 years$941$531$286$148$75$23
49 years$911$507$269$137$68$20
50 years$883$485$253$127$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $904,000, adding $2,146 every year, while hoping to spend $59,762 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: 74/10/16 Blend
56$904,000$904,000$904,000$904,000
57$998,422$950,510$936,498$1,068,571
58$1,036,674$933,498$904,284$1,098,295
59$1,076,826$913,650$868,988$1,123,291
60$1,119,007$890,764$830,444$1,149,092
61$1,163,359$864,625$788,477$1,175,761
62$1,210,037$835,007$742,907$1,203,372
63$1,259,208$801,670$693,542$1,232,005
64$1,311,056$764,360$640,184$1,261,749
65$1,365,780$722,810$582,626$1,292,706
66$1,423,597$676,735$520,652$1,324,987
67$1,484,745$625,836$454,034$1,358,716
68$1,549,481$569,795$382,537$1,394,033
69$1,618,090$508,276$305,914$1,431,092
70$1,690,879$440,926$223,906$1,470,066
71$1,768,187$367,369$136,244$1,511,146
72$1,850,382$287,210$42,649$1,554,547
73$1,937,869$200,032$0$1,600,504
74$2,031,091$105,393$0$1,659,054
75$2,130,531$2,826$0$1,729,125
76$2,236,721$0$0$1,803,808
77$2,350,242$0$0$1,895,424
78$2,471,731$0$0$1,993,830
79$2,601,887$0$0$2,099,283
80$2,741,478$0$0$2,212,408
81$2,891,344$0$0$2,333,889
82$3,052,409$0$0$2,464,480
83$3,225,687$0$0$2,605,006
84$3,412,289$0$0$2,756,375
85$3,613,439$0$0$2,919,580
86$3,830,478$0$0$3,095,718
87$4,064,883$0$0$3,285,989
88$4,318,273$0$0$3,491,715
89$4,592,430$0$0$3,714,348
90$4,889,312$0$0$3,955,483
91$5,211,073$0$0$4,216,875
92$5,560,079$0$0$4,500,454
93$5,938,935$0$0$4,808,343
94$6,350,503$0$0$5,142,874
95$6,797,934$0$0$5,506,616
96$7,284,693$0$0$5,902,394
97$7,814,593$0$0$6,333,316
98$8,391,828$0$0$6,802,800
99$9,021,016$0$0$7,314,613
100$9,707,237$0$0$7,872,894