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%17.5%
1 years$74,651$73,987$73,338$72,705$72,086$69,891
2 years$36,956$36,268$35,601$34,954$34,327$32,134
3 years$24,393$23,701$23,036$22,395$21,778$19,656
4 years$18,112$17,423$16,764$16,135$15,532$13,498
5 years$14,345$13,660$13,010$12,393$11,808$9,866
6 years$11,834$11,154$10,514$9,911$9,343$7,496
7 years$10,042$9,367$8,737$8,148$7,598$5,846
8 years$8,698$8,030$7,410$6,835$6,304$4,645
9 years$7,653$6,991$6,382$5,822$5,308$3,741
10 years$6,818$6,162$5,564$5,019$4,523$3,045
11 years$6,135$5,486$4,898$4,368$3,890$2,499
12 years$5,566$4,924$4,347$3,831$3,371$2,064
13 years$5,085$4,450$3,884$3,382$2,940$1,714
14 years$4,673$4,045$3,490$3,002$2,577$1,429
15 years$4,317$3,695$3,151$2,678$2,269$1,195
16 years$4,005$3,390$2,857$2,398$2,005$1,002
17 years$3,730$3,122$2,599$2,154$1,778$843
18 years$3,486$2,885$2,373$1,941$1,581$710
19 years$3,268$2,674$2,172$1,754$1,409$599
20 years$3,072$2,485$1,994$1,589$1,259$506
21 years$2,895$2,314$1,834$1,442$1,126$428
22 years$2,735$2,160$1,690$1,311$1,010$363
23 years$2,588$2,021$1,561$1,194$906$307
24 years$2,454$1,893$1,443$1,089$815$260
25 years$2,331$1,777$1,337$995$733$221
26 years$2,217$1,670$1,240$909$660$188
27 years$2,112$1,571$1,151$832$595$159
28 years$2,015$1,481$1,070$763$537$135
29 years$1,924$1,397$996$699$485$115
30 years$1,840$1,319$928$642$438$98
31 years$1,762$1,247$865$589$396$83
32 years$1,688$1,180$807$542$358$71
33 years$1,619$1,117$753$498$324$60
34 years$1,554$1,059$704$458$294$51
35 years$1,493$1,005$658$422$266$43
36 years$1,436$953$616$389$241$37
37 years$1,382$906$576$358$218$31
38 years$1,330$861$540$330$198$27
39 years$1,282$818$506$304$180$23
40 years$1,236$779$474$281$163$19
41 years$1,192$741$444$259$148$16
42 years$1,151$706$417$239$134$14
43 years$1,112$673$391$221$122$12
44 years$1,074$641$367$204$110$10
45 years$1,038$611$345$188$100$9
46 years$1,004$583$324$174$91$7
47 years$972$557$304$161$83$6
48 years$941$531$286$148$75$5
49 years$911$507$269$137$68$5
50 years$883$485$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $904,000, adding $3,990 every year, while hoping to spend $28,456 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: 35/44/21 Blend
56$904,000$904,000$904,000$904,000
57$1,000,324$952,412$938,400$1,028,821
58$1,072,080$968,803$939,559$1,066,526
59$1,150,201$985,044$939,804$1,104,268
60$1,235,307$1,001,096$939,073$1,144,407
61$1,328,079$1,016,921$937,302$1,187,174
62$1,429,268$1,032,474$934,426$1,232,824
63$1,539,697$1,047,710$930,374$1,281,639
64$1,660,277$1,062,578$925,072$1,333,930
65$1,792,007$1,077,026$918,444$1,390,042
66$1,935,989$1,090,997$910,408$1,450,357
67$2,093,434$1,104,431$900,882$1,515,295
68$2,265,678$1,117,262$889,775$1,585,322
69$2,454,191$1,129,421$876,996$1,660,954
70$2,660,590$1,140,834$862,447$1,742,759
71$2,886,659$1,151,423$846,027$1,831,366
72$3,134,358$1,161,104$827,630$1,927,471
73$3,405,852$1,169,786$807,144$2,031,842
74$3,703,518$1,177,376$784,453$2,145,328
75$4,029,980$1,183,771$759,436$2,268,867
76$4,388,126$1,188,863$731,964$2,403,495
77$4,781,135$1,192,538$701,906$2,550,359
78$5,212,513$1,194,674$669,121$2,710,722
79$5,686,117$1,195,141$633,465$2,885,982
80$6,206,200$1,193,801$594,785$3,077,683
81$6,777,444$1,190,510$552,922$3,287,528
82$7,405,009$1,185,110$507,710$3,517,400
83$8,094,578$1,177,439$458,976$3,769,378
84$8,852,412$1,167,320$406,539$4,045,757
85$9,685,409$1,154,570$350,209$4,349,071
86$10,601,168$1,138,991$289,789$4,682,117
87$11,608,062$1,120,377$225,072$5,047,984
88$12,715,315$1,098,506$155,842$5,450,082
89$13,933,089$1,073,145$81,875$5,892,174
90$15,272,582$1,044,046$2,935$6,378,414
91$16,746,130$1,010,949$0$6,913,385
92$18,367,326$973,577$0$7,520,367
93$20,151,146$931,635$0$8,188,610
94$22,114,093$884,814$0$8,923,676
95$24,274,346$832,786$0$9,732,427
96$26,651,941$775,205$0$10,622,430
97$29,268,952$711,702$0$11,602,027
98$32,149,701$641,891$0$12,680,422
99$35,320,988$565,362$0$13,867,761
100$38,812,346$481,682$0$15,175,234