Can I retire at age 57 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$74,899$74,232$73,581$72,946$72,325$71,481
2 years$37,079$36,388$35,719$35,070$34,441$33,591
3 years$24,474$23,780$23,113$22,470$21,851$21,021
4 years$18,172$17,481$16,820$16,188$15,584$14,782
5 years$14,393$13,705$13,053$12,434$11,847$11,074
6 years$11,873$11,191$10,549$9,944$9,374$8,632
7 years$10,075$9,398$8,766$8,175$7,624$6,913
8 years$8,726$8,056$7,434$6,858$6,324$5,644
9 years$7,678$7,014$6,403$5,841$5,326$4,676
10 years$6,840$6,183$5,582$5,035$4,538$3,919
11 years$6,155$5,504$4,915$4,382$3,903$3,313
12 years$5,584$4,940$4,362$3,844$3,382$2,821
13 years$5,102$4,465$3,897$3,394$2,949$2,416
14 years$4,689$4,058$3,501$3,012$2,585$2,080
15 years$4,331$3,707$3,161$2,687$2,276$1,797
16 years$4,018$3,401$2,866$2,406$2,012$1,559
17 years$3,743$3,132$2,608$2,161$1,784$1,356
18 years$3,498$2,895$2,381$1,948$1,586$1,182
19 years$3,279$2,683$2,180$1,760$1,414$1,033
20 years$3,083$2,493$2,000$1,594$1,263$904
21 years$2,905$2,322$1,840$1,447$1,130$792
22 years$2,744$2,167$1,696$1,315$1,013$696
23 years$2,597$2,027$1,566$1,198$909$611
24 years$2,462$1,899$1,448$1,093$817$538
25 years$2,338$1,782$1,341$998$735$474
26 years$2,224$1,675$1,244$912$662$418
27 years$2,119$1,577$1,155$835$597$368
28 years$2,022$1,486$1,074$765$539$325
29 years$1,931$1,401$999$702$487$287
30 years$1,846$1,324$931$644$440$254
31 years$1,767$1,251$868$591$398$224
32 years$1,694$1,184$810$544$360$198
33 years$1,624$1,121$756$500$325$175
34 years$1,559$1,063$706$460$295$155
35 years$1,498$1,008$660$423$267$137
36 years$1,441$957$618$390$242$121
37 years$1,386$909$578$359$219$107
38 years$1,335$863$541$331$199$95
39 years$1,286$821$507$305$180$84
40 years$1,240$781$475$282$163$75
41 years$1,196$744$446$260$148$66
42 years$1,155$708$418$240$135$59
43 years$1,115$675$392$221$122$52
44 years$1,078$643$368$204$111$46
45 years$1,042$613$346$189$101$41
46 years$1,008$585$325$174$91$36
47 years$975$558$305$161$83$32
48 years$944$533$287$149$75$28
49 years$914$509$270$138$68$25
50 years$886$486$253$127$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $907,000, adding $6,744 every year, while hoping to spend $26,791 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: 75/14/11 Blend
56$907,000$907,000$907,000$907,000
57$1,006,470$958,399$944,341$1,079,350
58$1,080,625$976,856$947,471$1,146,792
59$1,161,445$995,318$949,808$1,216,645
60$1,249,583$1,013,759$951,297$1,292,450
61$1,345,756$1,032,149$951,880$1,374,786
62$1,450,753$1,050,453$951,498$1,464,297
63$1,565,442$1,068,639$950,086$1,561,686
64$1,690,782$1,086,667$947,579$1,667,733
65$1,827,825$1,104,496$943,906$1,783,294
66$1,977,730$1,122,084$938,994$1,909,313
67$2,141,775$1,139,382$932,767$2,046,829
68$2,321,366$1,156,342$925,144$2,196,988
69$2,518,050$1,172,908$916,041$2,361,052
70$2,733,534$1,189,022$905,371$2,540,413
71$2,969,694$1,204,624$893,040$2,736,601
72$3,228,598$1,219,646$878,952$2,951,307
73$3,512,524$1,234,018$863,007$3,186,391
74$3,823,981$1,247,664$845,097$3,443,903
75$4,165,732$1,260,505$825,113$3,726,102
76$4,540,820$1,272,453$802,937$4,035,479
77$4,952,598$1,283,417$778,450$4,374,776
78$5,404,759$1,293,300$751,524$4,747,018
79$5,901,370$1,301,998$722,026$5,155,536
80$6,446,914$1,309,400$689,817$5,604,003
81$7,046,326$1,315,387$654,753$6,096,466
82$7,705,046$1,319,836$616,682$6,637,382
83$8,429,065$1,322,613$575,446$7,231,669
84$9,224,985$1,323,576$530,878$7,884,741
85$10,100,077$1,322,575$482,806$8,602,568
86$11,062,355$1,319,450$431,050$9,391,727
87$12,120,644$1,314,033$375,419$10,259,470
88$13,284,672$1,306,143$315,718$11,213,786
89$14,565,154$1,295,589$251,740$12,263,479
90$15,973,897$1,282,170$183,271$13,418,255
91$17,523,909$1,265,671$110,085$14,688,807
92$19,229,524$1,245,865$31,949$16,086,924
93$21,106,534$1,222,511$0$17,625,593
94$23,172,340$1,195,353$0$19,325,169
95$25,446,116$1,164,123$0$21,199,786
96$27,948,989$1,128,534$0$23,263,108
97$30,704,236$1,088,283$0$25,534,331
98$33,737,509$1,043,049$0$28,034,608
99$37,077,071$992,495$0$30,787,249
100$40,754,066$936,261$0$33,817,942