Can I retire at age 57 with 906,000?

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 $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%15.8%
1 years$74,817$74,150$73,500$72,865$72,246$70,528
2 years$37,038$36,348$35,680$35,031$34,403$32,682
3 years$24,447$23,754$23,087$22,445$21,826$20,157
4 years$18,152$17,462$16,801$16,170$15,567$13,961
5 years$14,377$13,690$13,039$12,420$11,834$10,296
6 years$11,860$11,179$10,537$9,933$9,364$7,896
7 years$10,064$9,388$8,756$8,166$7,615$6,217
8 years$8,717$8,047$7,426$6,850$6,317$4,989
9 years$7,670$7,007$6,396$5,835$5,320$4,060
10 years$6,833$6,176$5,576$5,030$4,533$3,340
11 years$6,148$5,498$4,909$4,377$3,899$2,771
12 years$5,578$4,935$4,357$3,840$3,378$2,315
13 years$5,096$4,460$3,893$3,390$2,946$1,944
14 years$4,684$4,054$3,497$3,009$2,583$1,639
15 years$4,326$3,703$3,158$2,684$2,274$1,388
16 years$4,014$3,398$2,863$2,403$2,010$1,179
17 years$3,739$3,129$2,605$2,159$1,782$1,003
18 years$3,494$2,891$2,378$1,946$1,584$856
19 years$3,276$2,680$2,177$1,758$1,412$731
20 years$3,079$2,490$1,998$1,592$1,261$626
21 years$2,902$2,319$1,838$1,445$1,129$536
22 years$2,741$2,165$1,694$1,314$1,012$460
23 years$2,594$2,025$1,564$1,197$908$395
24 years$2,459$1,897$1,446$1,091$816$340
25 years$2,336$1,780$1,340$997$735$292
26 years$2,222$1,673$1,242$911$662$251
27 years$2,117$1,575$1,154$834$597$216
28 years$2,019$1,484$1,073$764$538$186
29 years$1,929$1,400$998$701$486$161
30 years$1,844$1,322$930$643$439$138
31 years$1,765$1,250$867$591$397$119
32 years$1,692$1,183$809$543$359$103
33 years$1,623$1,120$755$499$325$89
34 years$1,558$1,061$705$459$294$77
35 years$1,496$1,007$660$423$267$66
36 years$1,439$956$617$389$242$57
37 years$1,385$908$578$359$219$49
38 years$1,333$863$541$331$198$42
39 years$1,285$820$507$305$180$37
40 years$1,239$780$475$281$163$32
41 years$1,195$743$445$260$148$27
42 years$1,153$707$418$239$134$24
43 years$1,114$674$392$221$122$20
44 years$1,076$642$368$204$111$18
45 years$1,041$613$345$189$100$15
46 years$1,007$584$324$174$91$13
47 years$974$558$305$161$83$11
48 years$943$532$286$149$75$10
49 years$913$508$269$137$68$8
50 years$885$486$253$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $906,000, adding $6,475 every year, while hoping to spend $59,698 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: 75/6/19 Blend
56$906,000$906,000$906,000$906,000
57$1,005,091$957,073$943,030$1,075,551
58$1,044,092$940,451$911,103$1,106,493
59$1,085,070$921,014$876,106$1,132,438
60$1,128,165$898,561$837,873$1,159,311
61$1,173,526$872,879$796,230$1,187,191
62$1,221,318$843,742$750,996$1,216,164
63$1,271,719$810,913$701,981$1,246,324
64$1,324,926$774,139$648,989$1,277,779
65$1,381,149$733,152$591,811$1,310,647
66$1,440,621$687,671$530,231$1,345,059
67$1,503,595$637,398$464,024$1,381,162
68$1,570,347$582,016$392,955$1,419,118
69$1,641,179$521,192$316,776$1,459,108
70$1,716,422$454,573$235,231$1,501,332
71$1,796,437$381,787$148,051$1,546,014
72$1,881,619$302,440$54,956$1,593,399
73$1,972,401$216,116$0$1,643,763
74$2,069,257$122,377$0$1,706,409
75$2,172,706$20,758$0$1,785,150
76$2,283,316$0$0$1,869,272
77$2,401,712$0$0$1,965,149
78$2,528,578$0$0$2,069,378
79$2,664,664$0$0$2,181,207
80$2,810,792$0$0$2,301,317
81$2,967,867$0$0$2,430,452
82$3,136,881$0$0$2,569,434
83$3,318,922$0$0$2,719,160
84$3,515,188$0$0$2,880,619
85$3,726,990$0$0$3,054,897
86$3,955,774$0$0$3,243,185
87$4,203,126$0$0$3,446,794
88$4,470,790$0$0$3,667,165
89$4,760,682$0$0$3,905,880
90$5,074,910$0$0$4,164,681
91$5,415,791$0$0$4,445,483
92$5,785,874$0$0$4,750,391
93$6,187,962$0$0$5,081,720
94$6,625,139$0$0$5,442,020
95$7,100,798$0$0$5,834,091
96$7,618,670$0$0$6,261,019
97$8,182,863$0$0$6,726,196
98$8,797,897$0$0$7,233,358
99$9,468,747$0$0$7,786,615
100$10,200,888$0$0$8,390,492