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%11.1%
1 years$74,651$73,987$73,338$72,705$72,086$71,752
2 years$36,956$36,268$35,601$34,954$34,327$33,990
3 years$24,393$23,701$23,036$22,395$21,778$21,449
4 years$18,112$17,423$16,764$16,135$15,532$15,213
5 years$14,345$13,660$13,010$12,393$11,808$11,498
6 years$11,834$11,154$10,514$9,911$9,343$9,045
7 years$10,042$9,367$8,737$8,148$7,598$7,312
8 years$8,698$8,030$7,410$6,835$6,304$6,028
9 years$7,653$6,991$6,382$5,822$5,308$5,044
10 years$6,818$6,162$5,564$5,019$4,523$4,270
11 years$6,135$5,486$4,898$4,368$3,890$3,648
12 years$5,566$4,924$4,347$3,831$3,371$3,140
13 years$5,085$4,450$3,884$3,382$2,940$2,719
14 years$4,673$4,045$3,490$3,002$2,577$2,367
15 years$4,317$3,695$3,151$2,678$2,269$2,069
16 years$4,005$3,390$2,857$2,398$2,005$1,815
17 years$3,730$3,122$2,599$2,154$1,778$1,597
18 years$3,486$2,885$2,373$1,941$1,581$1,410
19 years$3,268$2,674$2,172$1,754$1,409$1,247
20 years$3,072$2,485$1,994$1,589$1,259$1,105
21 years$2,895$2,314$1,834$1,442$1,126$981
22 years$2,735$2,160$1,690$1,311$1,010$872
23 years$2,588$2,021$1,561$1,194$906$776
24 years$2,454$1,893$1,443$1,089$815$692
25 years$2,331$1,777$1,337$995$733$618
26 years$2,217$1,670$1,240$909$660$552
27 years$2,112$1,571$1,151$832$595$493
28 years$2,015$1,481$1,070$763$537$441
29 years$1,924$1,397$996$699$485$395
30 years$1,840$1,319$928$642$438$354
31 years$1,762$1,247$865$589$396$317
32 years$1,688$1,180$807$542$358$284
33 years$1,619$1,117$753$498$324$255
34 years$1,554$1,059$704$458$294$229
35 years$1,493$1,005$658$422$266$205
36 years$1,436$953$616$389$241$184
37 years$1,382$906$576$358$218$165
38 years$1,330$861$540$330$198$149
39 years$1,282$818$506$304$180$134
40 years$1,236$779$474$281$163$120
41 years$1,192$741$444$259$148$108
42 years$1,151$706$417$239$134$97
43 years$1,112$673$391$221$122$87
44 years$1,074$641$367$204$110$78
45 years$1,038$611$345$188$100$70
46 years$1,004$583$324$174$91$63
47 years$972$557$304$161$83$57
48 years$941$531$286$148$75$51
49 years$911$507$269$137$68$46
50 years$883$485$253$127$62$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $904,000, adding $3,268 every year, while hoping to spend $55,662 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: 36/34/30 Blend
56$904,000$904,000$904,000$904,000
57$999,579$951,667$937,655$1,026,481
58$1,042,312$939,075$909,842$1,034,290
59$1,087,538$924,000$879,233$1,037,483
60$1,135,454$906,262$845,673$1,039,882
61$1,186,271$885,670$809,004$1,041,455
62$1,240,224$862,022$769,060$1,042,170
63$1,297,569$835,103$725,665$1,041,999
64$1,358,585$804,686$678,638$1,040,914
65$1,423,576$770,532$627,789$1,038,893
66$1,492,880$732,386$572,918$1,035,916
67$1,566,861$689,981$513,819$1,031,969
68$1,645,922$643,031$450,273$1,027,043
69$1,730,503$591,237$382,054$1,021,136
70$1,821,088$534,281$308,926$1,014,252
71$1,918,206$471,827$230,642$1,006,405
72$2,022,437$403,521$146,943$997,620
73$2,134,421$328,989$57,561$987,933
74$2,254,856$247,833$0$977,393
75$2,384,511$159,637$0$978,173
76$2,524,230$63,959$0$998,699
77$2,674,941$0$0$1,020,725
78$2,837,661$0$0$1,059,321
79$3,013,509$0$0$1,126,991
80$3,203,716$0$0$1,200,291
81$3,409,633$0$0$1,279,756
82$3,632,746$0$0$1,365,973
83$3,874,690$0$0$1,459,588
84$4,137,262$0$0$1,561,311
85$4,422,437$0$0$1,671,925
86$4,732,391$0$0$1,792,290
87$5,069,513$0$0$1,923,351
88$5,436,437$0$0$2,066,150
89$5,836,056$0$0$2,221,834
90$6,271,557$0$0$2,391,662
91$6,746,447$0$0$2,577,024
92$7,264,584$0$0$2,779,447
93$7,830,215$0$0$3,000,614
94$8,448,018$0$0$3,242,376
95$9,123,138$0$0$3,506,773
96$9,861,244$0$0$3,796,049
97$10,668,574$0$0$4,112,675
98$11,551,998$0$0$4,459,375
99$12,519,081$0$0$4,839,145
100$13,578,154$0$0$5,255,286