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%13.8%
1 years$75,064$74,396$73,743$73,107$72,485$71,343
2 years$37,161$36,468$35,798$35,147$34,517$33,369
3 years$24,528$23,833$23,164$22,519$21,899$20,781
4 years$18,212$17,519$16,857$16,224$15,618$14,540
5 years$14,424$13,735$13,082$12,462$11,873$10,836
6 years$11,900$11,216$10,572$9,966$9,395$8,401
7 years$10,097$9,419$8,785$8,193$7,640$6,690
8 years$8,746$8,074$7,451$6,873$6,338$5,431
9 years$7,695$7,030$6,417$5,854$5,338$4,473
10 years$6,855$6,196$5,595$5,047$4,548$3,725
11 years$6,169$5,516$4,926$4,392$3,912$3,130
12 years$5,597$4,951$4,371$3,852$3,390$2,648
13 years$5,113$4,474$3,905$3,401$2,956$2,254
14 years$4,699$4,067$3,509$3,019$2,591$1,927
15 years$4,341$3,715$3,168$2,692$2,281$1,654
16 years$4,027$3,409$2,872$2,411$2,016$1,424
17 years$3,751$3,139$2,614$2,166$1,788$1,230
18 years$3,506$2,901$2,386$1,952$1,590$1,065
19 years$3,286$2,689$2,184$1,764$1,417$924
20 years$3,089$2,498$2,005$1,598$1,266$802
21 years$2,911$2,327$1,844$1,450$1,133$698
22 years$2,750$2,172$1,699$1,318$1,015$608
23 years$2,602$2,032$1,569$1,201$911$531
24 years$2,467$1,904$1,451$1,095$819$463
25 years$2,344$1,786$1,344$1,000$737$405
26 years$2,229$1,679$1,247$914$664$354
27 years$2,124$1,580$1,158$837$599$310
28 years$2,026$1,489$1,076$767$540$271
29 years$1,935$1,405$1,001$703$488$237
30 years$1,850$1,326$933$645$441$208
31 years$1,771$1,254$870$593$398$182
32 years$1,697$1,187$811$545$360$160
33 years$1,628$1,124$758$501$326$140
34 years$1,563$1,065$708$461$295$123
35 years$1,501$1,010$662$424$267$108
36 years$1,444$959$619$391$242$95
37 years$1,389$911$579$360$220$83
38 years$1,338$865$543$332$199$73
39 years$1,289$823$508$306$181$64
40 years$1,243$783$476$282$164$56
41 years$1,199$745$447$260$149$49
42 years$1,157$710$419$240$135$43
43 years$1,118$676$393$222$122$38
44 years$1,080$645$369$205$111$33
45 years$1,044$615$347$189$101$29
46 years$1,010$586$326$175$92$26
47 years$977$560$306$161$83$23
48 years$946$534$287$149$75$20
49 years$916$510$270$138$69$17
50 years$888$487$254$127$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $909,000, adding $4,243 every year, while hoping to spend $35,702 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: 83/6/11 Blend
56$909,000$909,000$909,000$909,000
57$1,006,095$957,918$943,828$1,087,425
58$1,070,730$966,869$937,460$1,150,251
59$1,140,761$975,062$929,681$1,214,046
60$1,216,701$982,423$920,408$1,283,028
61$1,299,114$988,871$909,551$1,357,695
62$1,388,619$994,322$897,017$1,438,600
63$1,485,900$998,685$882,709$1,526,351
64$1,591,706$1,001,865$866,524$1,621,615
65$1,706,863$1,003,759$848,355$1,725,130
66$1,832,279$1,004,259$828,091$1,837,706
67$1,968,954$1,003,251$805,615$1,960,239
68$2,117,988$1,000,611$780,804$2,093,712
69$2,280,592$996,210$753,530$2,239,210
70$2,458,099$989,910$723,659$2,397,930
71$2,651,975$981,565$691,052$2,571,187
72$2,863,835$971,021$655,561$2,760,432
73$3,095,459$958,113$617,034$2,967,265
74$3,348,802$942,667$575,311$3,193,446
75$3,626,021$924,499$530,226$3,440,918
76$3,929,489$903,414$481,602$3,711,818
77$4,261,819$879,204$429,258$4,008,504
78$4,625,891$851,650$373,004$4,333,573
79$5,024,872$820,522$312,641$4,689,887
80$5,462,255$785,573$247,960$5,080,600
81$5,941,883$746,545$178,745$5,509,188
82$6,467,992$703,162$104,769$5,979,480
83$7,045,244$655,134$25,796$6,495,699
84$7,678,779$602,155$0$7,062,496
85$8,374,253$543,900$0$7,691,862
86$9,137,902$480,026$0$8,386,258
87$9,976,591$410,170$0$9,148,913
88$10,897,885$333,950$0$9,986,721
89$11,910,117$250,962$0$10,907,278
90$13,022,468$160,777$0$11,918,954
91$14,245,050$62,945$0$13,030,971
92$15,589,005$0$0$14,253,490
93$17,066,609$0$0$15,600,546
94$18,691,385$0$0$17,086,362
95$20,478,235$0$0$18,720,409
96$22,443,573$0$0$20,517,704
97$24,605,487$0$0$22,494,789
98$26,983,906$0$0$24,669,891
99$29,600,786$0$0$27,063,093
100$32,480,321$0$0$29,696,524