Can I retire at age 57 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,817$74,150$73,500$72,865$72,246$71,730
2 years$37,038$36,348$35,680$35,031$34,403$33,883
3 years$24,447$23,754$23,087$22,445$21,826$21,319
4 years$18,152$17,462$16,801$16,170$15,567$15,075
5 years$14,377$13,690$13,039$12,420$11,834$11,359
6 years$11,860$11,179$10,537$9,933$9,364$8,906
7 years$10,064$9,388$8,756$8,166$7,615$7,176
8 years$8,717$8,047$7,426$6,850$6,317$5,896
9 years$7,670$7,007$6,396$5,835$5,320$4,917
10 years$6,833$6,176$5,576$5,030$4,533$4,147
11 years$6,148$5,498$4,909$4,377$3,899$3,530
12 years$5,578$4,935$4,357$3,840$3,378$3,027
13 years$5,096$4,460$3,893$3,390$2,946$2,611
14 years$4,684$4,054$3,497$3,009$2,583$2,264
15 years$4,326$3,703$3,158$2,684$2,274$1,971
16 years$4,014$3,398$2,863$2,403$2,010$1,722
17 years$3,739$3,129$2,605$2,159$1,782$1,509
18 years$3,494$2,891$2,378$1,946$1,584$1,326
19 years$3,276$2,680$2,177$1,758$1,412$1,168
20 years$3,079$2,490$1,998$1,592$1,261$1,031
21 years$2,902$2,319$1,838$1,445$1,129$911
22 years$2,741$2,165$1,694$1,314$1,012$806
23 years$2,594$2,025$1,564$1,197$908$715
24 years$2,459$1,897$1,446$1,091$816$634
25 years$2,336$1,780$1,340$997$735$563
26 years$2,222$1,673$1,242$911$662$501
27 years$2,117$1,575$1,154$834$597$446
28 years$2,019$1,484$1,073$764$538$397
29 years$1,929$1,400$998$701$486$353
30 years$1,844$1,322$930$643$439$315
31 years$1,765$1,250$867$591$397$281
32 years$1,692$1,183$809$543$359$251
33 years$1,623$1,120$755$499$325$224
34 years$1,558$1,061$705$459$294$200
35 years$1,496$1,007$660$423$267$178
36 years$1,439$956$617$389$242$159
37 years$1,385$908$578$359$219$142
38 years$1,333$863$541$331$198$127
39 years$1,285$820$507$305$180$114
40 years$1,239$780$475$281$163$102
41 years$1,195$743$445$260$148$91
42 years$1,153$707$418$239$134$81
43 years$1,114$674$392$221$122$73
44 years$1,076$642$368$204$111$65
45 years$1,041$613$345$189$100$58
46 years$1,007$584$324$174$91$52
47 years$974$558$305$161$83$47
48 years$943$532$286$149$75$42
49 years$913$508$269$137$68$37
50 years$885$486$253$127$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $906,000, adding $2,750 every year, while hoping to spend $42,758 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: 64/26/10 Blend
56$906,000$906,000$906,000$906,000
57$1,001,249$953,231$939,188$1,062,979
58$1,057,882$954,445$925,156$1,105,735
59$1,118,859$954,285$909,222$1,147,167
60$1,184,577$952,640$891,275$1,191,333
61$1,255,473$949,389$871,203$1,238,498
62$1,332,028$944,406$848,885$1,288,953
63$1,414,770$937,556$824,197$1,343,022
64$1,504,278$928,698$797,009$1,401,060
65$1,601,189$917,679$767,184$1,463,462
66$1,706,205$904,340$734,579$1,530,665
67$1,820,096$888,510$699,045$1,603,149
68$1,943,709$870,011$660,427$1,681,449
69$2,077,976$848,651$618,560$1,766,151
70$2,223,923$824,228$573,275$1,857,907
71$2,382,678$796,529$524,394$1,957,437
72$2,555,480$765,329$471,731$2,065,533
73$2,743,697$730,387$415,092$2,183,075
74$2,948,829$691,452$354,273$2,311,031
75$3,172,531$648,255$289,062$2,450,474
76$3,416,623$600,513$219,239$2,602,588
77$3,683,108$547,927$144,573$2,768,679
78$3,974,191$490,181$64,822$2,950,192
79$4,292,299$426,941$0$3,148,723
80$4,640,106$357,854$0$3,368,197
81$5,020,554$282,546$0$3,615,917
82$5,436,884$200,623$0$3,887,138
83$5,892,662$111,670$0$4,184,262
84$6,391,817$15,246$0$4,509,939
85$6,938,677$0$0$4,867,096
86$7,538,006$0$0$5,284,453
87$8,195,051$0$0$5,746,847
88$8,915,593$0$0$6,253,992
89$9,705,995$0$0$6,810,376
90$10,573,271$0$0$7,420,944
91$11,525,143$0$0$8,091,141
92$12,570,117$0$0$8,826,965
93$13,717,566$0$0$9,635,025
94$14,977,811$0$0$10,522,600
95$16,362,224$0$0$11,497,709
96$17,883,333$0$0$12,569,186
97$19,554,938$0$0$13,746,763
98$21,392,243$0$0$15,041,162
99$23,411,998$0$0$16,464,194
100$25,632,657$0$0$18,028,875