Can I retire at age 57 with 904,000?

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 $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%19.8%
1 years$74,651$73,987$73,338$72,705$72,086$69,253
2 years$36,956$36,268$35,601$34,954$34,327$31,507
3 years$24,393$23,701$23,036$22,395$21,778$19,061
4 years$18,112$17,423$16,764$16,135$15,532$12,938
5 years$14,345$13,660$13,010$12,393$11,808$9,343
6 years$11,834$11,154$10,514$9,911$9,343$7,009
7 years$10,042$9,367$8,737$8,148$7,598$5,395
8 years$8,698$8,030$7,410$6,835$6,304$4,228
9 years$7,653$6,991$6,382$5,822$5,308$3,358
10 years$6,818$6,162$5,564$5,019$4,523$2,694
11 years$6,135$5,486$4,898$4,368$3,890$2,178
12 years$5,566$4,924$4,347$3,831$3,371$1,772
13 years$5,085$4,450$3,884$3,382$2,940$1,448
14 years$4,673$4,045$3,490$3,002$2,577$1,188
15 years$4,317$3,695$3,151$2,678$2,269$978
16 years$4,005$3,390$2,857$2,398$2,005$807
17 years$3,730$3,122$2,599$2,154$1,778$667
18 years$3,486$2,885$2,373$1,941$1,581$552
19 years$3,268$2,674$2,172$1,754$1,409$458
20 years$3,072$2,485$1,994$1,589$1,259$380
21 years$2,895$2,314$1,834$1,442$1,126$316
22 years$2,735$2,160$1,690$1,311$1,010$263
23 years$2,588$2,021$1,561$1,194$906$219
24 years$2,454$1,893$1,443$1,089$815$182
25 years$2,331$1,777$1,337$995$733$152
26 years$2,217$1,670$1,240$909$660$126
27 years$2,112$1,571$1,151$832$595$105
28 years$2,015$1,481$1,070$763$537$88
29 years$1,924$1,397$996$699$485$73
30 years$1,840$1,319$928$642$438$61
31 years$1,762$1,247$865$589$396$51
32 years$1,688$1,180$807$542$358$42
33 years$1,619$1,117$753$498$324$35
34 years$1,554$1,059$704$458$294$30
35 years$1,493$1,005$658$422$266$25
36 years$1,436$953$616$389$241$21
37 years$1,382$906$576$358$218$17
38 years$1,330$861$540$330$198$14
39 years$1,282$818$506$304$180$12
40 years$1,236$779$474$281$163$10
41 years$1,192$741$444$259$148$8
42 years$1,151$706$417$239$134$7
43 years$1,112$673$391$221$122$6
44 years$1,074$641$367$204$110$5
45 years$1,038$611$345$188$100$4
46 years$1,004$583$324$174$91$3
47 years$972$557$304$161$83$3
48 years$941$531$286$148$75$2
49 years$911$507$269$137$68$2
50 years$883$485$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $904,000, adding $5,435 every year, while hoping to spend $37,174 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: 62/13/25 Blend
56$904,000$904,000$904,000$904,000
57$1,001,814$953,902$939,890$1,056,970
58$1,064,446$961,091$931,824$1,102,181
59$1,132,221$967,385$922,241$1,146,967
60$1,205,624$972,703$911,052$1,195,053
61$1,285,188$976,956$898,163$1,246,767
62$1,371,500$980,050$883,474$1,302,473
63$1,465,206$981,885$866,883$1,362,570
64$1,567,014$982,355$848,282$1,427,501
65$1,677,707$981,347$827,556$1,497,755
66$1,798,142$978,742$804,588$1,573,872
67$1,929,264$974,413$779,254$1,656,448
68$2,072,114$968,224$751,424$1,746,143
69$2,227,836$960,033$720,963$1,843,684
70$2,397,689$949,688$687,729$1,949,873
71$2,583,059$937,029$651,573$2,065,599
72$2,785,473$921,885$612,343$2,191,839
73$3,006,609$904,075$569,874$2,329,677
74$3,248,317$883,409$523,999$2,480,305
75$3,512,633$859,684$474,541$2,645,042
76$3,801,798$832,685$421,314$2,825,342
77$4,118,281$802,186$364,128$3,022,811
78$4,464,799$767,947$302,780$3,239,221
79$4,844,346$729,713$237,059$3,476,528
80$5,260,216$687,216$166,748$3,736,892
81$5,716,040$640,171$91,616$4,022,693
82$6,215,815$588,279$11,425$4,336,562
83$6,763,945$531,222$0$4,681,399
84$7,365,279$468,663$0$5,080,184
85$8,025,159$400,248$0$5,521,207
86$8,749,467$325,603$0$6,005,385
87$9,544,686$244,331$0$6,537,092
88$10,417,955$156,013$0$7,121,148
89$11,377,138$60,210$0$7,762,865
90$12,430,899$0$0$8,468,100
91$13,588,782$0$0$9,249,534
92$14,861,302$0$0$10,117,873
93$16,260,043$0$0$11,072,416
94$17,797,767$0$0$12,121,881
95$19,488,533$0$0$13,275,875
96$21,347,832$0$0$14,544,979
97$23,392,731$0$0$15,940,853
98$25,642,033$0$0$17,476,344
99$28,116,457$0$0$19,165,604
100$30,838,828$0$0$21,024,230