Can I retire at age 57 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$75,064$74,396$73,743$73,107$72,485$69,774
2 years$37,161$36,468$35,798$35,147$34,517$31,817
3 years$24,528$23,833$23,164$22,519$21,899$19,295
4 years$18,212$17,519$16,857$16,224$15,618$13,130
5 years$14,424$13,735$13,082$12,462$11,873$9,506
6 years$11,900$11,216$10,572$9,966$9,395$7,152
7 years$10,097$9,419$8,785$8,193$7,640$5,520
8 years$8,746$8,074$7,451$6,873$6,338$4,340
9 years$7,695$7,030$6,417$5,854$5,338$3,457
10 years$6,855$6,196$5,595$5,047$4,548$2,782
11 years$6,169$5,516$4,926$4,392$3,912$2,257
12 years$5,597$4,951$4,371$3,852$3,390$1,842
13 years$5,113$4,474$3,905$3,401$2,956$1,510
14 years$4,699$4,067$3,509$3,019$2,591$1,243
15 years$4,341$3,715$3,168$2,692$2,281$1,027
16 years$4,027$3,409$2,872$2,411$2,016$850
17 years$3,751$3,139$2,614$2,166$1,788$706
18 years$3,506$2,901$2,386$1,952$1,590$586
19 years$3,286$2,689$2,184$1,764$1,417$488
20 years$3,089$2,498$2,005$1,598$1,266$407
21 years$2,911$2,327$1,844$1,450$1,133$339
22 years$2,750$2,172$1,699$1,318$1,015$283
23 years$2,602$2,032$1,569$1,201$911$237
24 years$2,467$1,904$1,451$1,095$819$198
25 years$2,344$1,786$1,344$1,000$737$165
26 years$2,229$1,679$1,247$914$664$138
27 years$2,124$1,580$1,158$837$599$116
28 years$2,026$1,489$1,076$767$540$97
29 years$1,935$1,405$1,001$703$488$81
30 years$1,850$1,326$933$645$441$68
31 years$1,771$1,254$870$593$398$57
32 years$1,697$1,187$811$545$360$48
33 years$1,628$1,124$758$501$326$40
34 years$1,563$1,065$708$461$295$33
35 years$1,501$1,010$662$424$267$28
36 years$1,444$959$619$391$242$23
37 years$1,389$911$579$360$220$20
38 years$1,338$865$543$332$199$16
39 years$1,289$823$508$306$181$14
40 years$1,243$783$476$282$164$12
41 years$1,199$745$447$260$149$10
42 years$1,157$710$419$240$135$8
43 years$1,118$676$393$222$122$7
44 years$1,080$645$369$205$111$6
45 years$1,044$615$347$189$101$5
46 years$1,010$586$326$175$92$4
47 years$977$560$306$161$83$3
48 years$946$534$287$149$75$3
49 years$916$510$270$138$69$2
50 years$888$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $909,000, adding $4,210 every year, while hoping to spend $30,441 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: 45/43/12 Blend
56$909,000$909,000$909,000$909,000
57$1,006,061$957,884$943,794$1,047,719
58$1,076,290$972,431$943,022$1,091,619
59$1,152,662$986,671$941,204$1,135,763
60$1,235,772$1,000,556$938,273$1,182,951
61$1,326,274$1,014,036$934,158$1,233,478
62$1,424,887$1,027,057$928,785$1,287,667
63$1,532,403$1,039,561$922,078$1,345,874
64$1,649,695$1,051,486$913,954$1,408,496
65$1,777,722$1,062,767$904,329$1,475,966
66$1,917,539$1,073,332$893,114$1,548,767
67$2,070,311$1,083,108$880,216$1,627,429
68$2,237,316$1,092,014$865,537$1,712,539
69$2,419,965$1,099,966$848,975$1,804,746
70$2,619,809$1,106,871$830,424$1,904,765
71$2,838,557$1,112,635$809,770$2,013,386
72$3,078,090$1,117,155$786,898$2,131,481
73$3,340,481$1,120,321$761,684$2,260,013
74$3,628,011$1,122,017$734,002$2,400,047
75$3,943,193$1,122,121$703,716$2,552,755
76$4,288,795$1,120,502$670,687$2,719,435
77$4,667,866$1,117,020$634,768$2,901,518
78$5,083,762$1,111,528$595,807$3,100,582
79$5,540,183$1,103,870$553,644$3,318,373
80$6,041,202$1,093,880$508,111$3,556,814
81$6,591,307$1,081,382$459,035$3,818,030
82$7,195,440$1,066,189$406,232$4,104,366
83$7,859,047$1,048,105$349,513$4,418,409
84$8,588,126$1,026,918$288,678$4,763,015
85$9,389,286$1,002,409$223,520$5,141,337
86$10,269,808$974,342$153,823$5,556,851
87$11,237,712$942,467$79,359$6,013,394
88$12,301,833$906,524$0$6,515,201
89$13,471,909$866,231$0$7,066,958
90$14,758,663$821,297$0$7,684,650
91$16,173,914$771,408$0$8,363,823
92$17,730,682$716,235$0$9,110,787
93$19,443,311$655,430$0$9,932,497
94$21,327,607$588,625$0$10,836,625
95$23,400,986$515,430$0$11,831,633
96$25,682,635$435,434$0$12,926,849
97$28,193,697$348,204$0$14,132,561
98$30,957,467$253,279$0$15,460,116
99$33,999,614$150,175$0$16,922,023
100$37,348,422$38,381$0$18,532,076