Can I retire at age 57 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$74,982$74,314$73,662$73,026$72,405$69,892
2 years$37,120$36,428$35,758$35,109$34,479$31,972
3 years$24,501$23,806$23,138$22,495$21,875$19,454
4 years$18,192$17,500$16,839$16,206$15,601$13,285
5 years$14,408$13,720$13,067$12,448$11,860$9,654
6 years$11,887$11,204$10,560$9,955$9,384$7,291
7 years$10,086$9,409$8,776$8,184$7,632$5,651
8 years$8,736$8,065$7,443$6,866$6,331$4,460
9 years$7,687$7,022$6,410$5,848$5,332$3,569
10 years$6,848$6,190$5,589$5,041$4,543$2,885
11 years$6,162$5,510$4,920$4,387$3,907$2,351
12 years$5,591$4,946$4,366$3,848$3,386$1,927
13 years$5,108$4,470$3,901$3,397$2,953$1,588
14 years$4,694$4,063$3,505$3,016$2,588$1,314
15 years$4,336$3,711$3,165$2,690$2,279$1,091
16 years$4,023$3,405$2,869$2,408$2,014$908
17 years$3,747$3,136$2,611$2,164$1,786$757
18 years$3,502$2,898$2,383$1,950$1,588$632
19 years$3,283$2,686$2,182$1,762$1,415$529
20 years$3,086$2,496$2,002$1,596$1,264$443
21 years$2,908$2,325$1,842$1,448$1,131$372
22 years$2,747$2,170$1,698$1,317$1,014$312
23 years$2,599$2,029$1,567$1,199$910$262
24 years$2,465$1,901$1,450$1,094$818$220
25 years$2,341$1,784$1,343$999$736$185
26 years$2,227$1,677$1,245$913$663$156
27 years$2,121$1,578$1,156$836$598$131
28 years$2,024$1,487$1,075$766$539$110
29 years$1,933$1,403$1,000$702$487$93
30 years$1,848$1,325$932$645$440$78
31 years$1,769$1,253$869$592$398$66
32 years$1,695$1,185$810$544$360$56
33 years$1,626$1,122$757$500$326$47
34 years$1,561$1,064$707$460$295$39
35 years$1,500$1,009$661$424$267$33
36 years$1,442$958$618$390$242$28
37 years$1,388$910$579$360$219$24
38 years$1,336$864$542$331$199$20
39 years$1,288$822$508$306$180$17
40 years$1,241$782$476$282$164$14
41 years$1,198$744$446$260$148$12
42 years$1,156$709$419$240$135$10
43 years$1,116$676$393$222$122$8
44 years$1,079$644$369$205$111$7
45 years$1,043$614$346$189$101$6
46 years$1,009$586$325$175$91$5
47 years$976$559$306$161$83$4
48 years$945$534$287$149$75$4
49 years$915$510$270$138$68$3
50 years$887$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $908,000, adding $2,986 every year, while hoping to spend $33,577 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: 30/45/25 Blend
56$908,000$908,000$908,000$908,000
57$1,003,696$955,572$941,498$1,025,971
58$1,070,347$966,669$937,313$1,054,531
59$1,142,672$977,185$931,862$1,082,066
60$1,221,212$987,055$925,067$1,111,006
61$1,306,567$996,212$916,848$1,141,496
62$1,399,392$1,004,582$907,118$1,173,697
63$1,500,412$1,012,088$895,788$1,207,788
64$1,610,422$1,018,648$882,764$1,243,969
65$1,730,297$1,024,174$867,949$1,282,463
66$1,861,001$1,028,572$851,239$1,323,518
67$2,003,595$1,031,744$832,527$1,367,410
68$2,159,245$1,033,583$811,701$1,414,446
69$2,329,238$1,033,978$788,642$1,464,967
70$2,514,986$1,032,810$763,228$1,519,354
71$2,718,049$1,029,951$735,330$1,578,029
72$2,940,139$1,025,268$704,813$1,641,459
73$3,183,145$1,018,618$671,536$1,710,166
74$3,449,147$1,009,851$635,353$1,784,728
75$3,740,431$998,806$596,109$1,865,786
76$4,059,521$985,312$553,644$1,954,052
77$4,409,190$969,191$507,790$2,050,315
78$4,792,498$950,251$458,371$2,155,451
79$5,212,810$928,291$405,203$2,270,431
80$5,673,835$903,096$348,096$2,396,329
81$6,179,659$874,440$286,850$2,534,339
82$6,734,780$842,084$221,255$2,685,780
83$7,344,154$805,773$151,094$2,852,115
84$8,013,241$765,239$76,139$3,034,964
85$8,748,055$720,198$0$3,236,119
86$9,555,219$670,351$0$3,458,593
87$10,442,032$615,379$0$3,725,295
88$11,416,535$554,948$0$4,018,392
89$12,487,582$488,701$0$4,340,646
90$13,664,934$416,266$0$4,695,104
91$14,959,339$337,245$0$5,085,134
92$16,382,642$251,220$0$5,514,452
93$17,947,892$157,750$0$5,987,163
94$19,669,464$56,368$0$6,507,800
95$21,563,201$0$0$7,081,366
96$23,646,553$0$0$7,739,837
97$25,938,750$0$0$8,495,189
98$28,460,979$0$0$9,326,513
99$31,236,584$0$0$10,241,523
100$34,291,288$0$0$11,248,722