Can I retire at age 57 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$74,734$74,068$73,419$72,785$72,166$71,502
2 years$36,997$36,308$35,640$34,993$34,365$33,695
3 years$24,420$23,728$23,062$22,420$21,802$21,149
4 years$18,132$17,442$16,783$16,152$15,550$14,917
5 years$14,361$13,675$13,024$12,407$11,821$11,210
6 years$11,847$11,167$10,526$9,922$9,353$8,766
7 years$10,053$9,378$8,747$8,157$7,607$7,044
8 years$8,707$8,038$7,418$6,843$6,310$5,771
9 years$7,661$6,999$6,389$5,829$5,314$4,798
10 years$6,825$6,169$5,570$5,024$4,528$4,035
11 years$6,141$5,492$4,904$4,373$3,894$3,424
12 years$5,572$4,929$4,352$3,835$3,375$2,927
13 years$5,091$4,455$3,888$3,386$2,943$2,517
14 years$4,678$4,049$3,494$3,006$2,580$2,175
15 years$4,322$3,699$3,154$2,681$2,271$1,887
16 years$4,009$3,394$2,860$2,400$2,007$1,643
17 years$3,734$3,126$2,602$2,157$1,780$1,435
18 years$3,490$2,888$2,376$1,944$1,583$1,257
19 years$3,272$2,677$2,175$1,756$1,411$1,103
20 years$3,076$2,487$1,996$1,591$1,260$970
21 years$2,899$2,317$1,836$1,443$1,128$854
22 years$2,738$2,163$1,692$1,312$1,011$753
23 years$2,591$2,023$1,562$1,195$907$665
24 years$2,457$1,895$1,445$1,090$815$588
25 years$2,333$1,779$1,338$996$734$520
26 years$2,220$1,672$1,241$910$661$460
27 years$2,114$1,573$1,152$833$596$408
28 years$2,017$1,482$1,071$763$538$362
29 years$1,927$1,398$997$700$486$321
30 years$1,842$1,321$929$643$439$285
31 years$1,763$1,248$866$590$397$253
32 years$1,690$1,181$808$542$359$225
33 years$1,621$1,119$754$499$325$200
34 years$1,556$1,060$705$459$294$178
35 years$1,495$1,006$659$422$266$158
36 years$1,437$955$616$389$241$141
37 years$1,383$907$577$358$219$125
38 years$1,332$862$540$330$198$111
39 years$1,283$819$506$305$180$99
40 years$1,237$779$474$281$163$88
41 years$1,194$742$445$259$148$78
42 years$1,152$707$417$239$134$70
43 years$1,113$673$392$221$122$62
44 years$1,075$642$368$204$111$55
45 years$1,040$612$345$188$100$49
46 years$1,005$584$324$174$91$44
47 years$973$557$305$161$83$39
48 years$942$532$286$149$75$35
49 years$912$508$269$137$68$31
50 years$884$485$253$127$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $905,000, adding $2,763 every year, while hoping to spend $51,612 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: 54/28/18 Blend
56$905,000$905,000$905,000$905,000
57$1,000,160$952,195$938,168$1,049,168
58$1,047,262$943,938$914,681$1,074,725
59$1,097,438$933,546$888,679$1,096,824
60$1,150,947$920,861$860,020$1,119,743
61$1,208,075$905,714$828,562$1,143,575
62$1,269,130$887,926$794,151$1,168,424
63$1,334,456$867,308$756,629$1,194,408
64$1,404,424$843,660$715,829$1,221,660
65$1,479,445$816,770$671,580$1,250,330
66$1,559,970$786,412$623,699$1,280,585
67$1,646,491$752,351$571,997$1,312,615
68$1,739,550$714,333$516,276$1,346,632
69$1,839,743$672,094$456,330$1,382,873
70$1,947,722$625,352$391,942$1,421,604
71$2,064,205$573,810$322,888$1,463,123
72$2,189,981$517,153$248,932$1,507,765
73$2,325,916$455,050$169,827$1,555,900
74$2,472,961$387,150$85,319$1,607,945
75$2,632,164$313,081$0$1,664,364
76$2,804,674$232,452$0$1,726,610
77$2,991,758$144,849$0$1,811,873
78$3,194,806$49,835$0$1,904,448
79$3,415,349$0$0$2,005,111
80$3,655,069$0$0$2,131,065
81$3,915,818$0$0$2,284,846
82$4,199,633$0$0$2,452,310
83$4,508,756$0$0$2,634,788
84$4,845,654$0$0$2,833,748
85$5,213,040$0$0$3,050,804
86$5,613,904$0$0$3,287,732
87$6,051,534$0$0$3,546,487
88$6,529,550$0$0$3,829,223
89$7,051,937$0$0$4,138,309
90$7,623,084$0$0$4,476,355
91$8,247,820$0$0$4,846,234
92$8,931,467$0$0$5,251,109
93$9,679,879$0$0$5,694,464
94$10,499,508$0$0$6,180,135
95$11,397,456$0$0$6,712,346
96$12,381,545$0$0$7,295,752
97$13,460,390$0$0$7,935,474
98$14,643,479$0$0$8,637,159
99$15,941,262$0$0$9,407,022
100$17,365,250$0$0$10,251,911